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ERIC Number: EJ903343
Record Type: Journal
Publication Date: 2010
Pages: 6
Abstractor: As Provided
Reference Count: 2
ISBN: N/A
ISSN: ISSN-0022-0485
Teaching Macro Principles "after" the Financial Crisis
Blinder, Alan
Journal of Economic Education, v41 n4 p385-390 2010
Recent events should force everyone who teaches macroeconomics (or finance, for that matter) to reconsider their curriculums. In this short article, the author shares his thoughts about what should and should not be changed in the way economists teach macro principles to beginning students. Two tradeoffs are paramount and must be faced by every instructor: (1) how much additional complexity "must be" and "can be" introduced in a principles course in which the students are relatively unsophisticated; and (2) although it is easy to think of new topics that recent events "demand" instructors add, it is much harder to think of topics to "delete". Yet economists should understand the necessity of choice forced by (time) budget constraints. (Contains 3 notes.)
Routledge. Available from: Taylor & Francis, Ltd. 325 Chestnut Street Suite 800, Philadelphia, PA 19106. Tel: 800-354-1420; Fax: 215-625-2940; Web site: http://www.tandf.co.uk/journals
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A