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Showing 1 to 15 of 150 results Save | Export
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Majd, Mariam; Page-Hoongrajok, Amanda – Journal of Economic Education, 2023
The authors of this article propose a classroom simulation designed for advanced economics or finance courses whereby student teams role-play Moody's sovereign credit risk analysts. Despite the importance of sovereign credit risk ratings in affecting the funding liquidity of countries, the process generating ratings is a black box. The authors use…
Descriptors: Economics Education, Finance Occupations, Risk, Credit (Finance)
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Sniekers, Florian – Journal of Economic Education, 2023
I present a framework to teach the macroeconomic effects of COVID-19 using the Keynesian Cross. I show that the rest of the economy suffers from a decline in demand once one sector of the economy is shut down and that the government spending and tax multipliers are smaller than usual. Fully insuring workers in the sector that is shut down cannot…
Descriptors: COVID-19, Pandemics, Economic Impact, Macroeconomics
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Marshall, Emily C.; Shea, Paul – Journal of Economic Education, 2023
The authors describe an undergraduate economics elective focused on the Great Recession and the recession resulting from the COVID-19 pandemic. They have taught the course with great success at both liberal arts colleges and research universities and at all levels of the curriculum ranging from a first-year seminar to an upper-level elective. They…
Descriptors: Economics Education, Teaching Methods, Elective Courses, COVID-19
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Neumuller, Seth – Journal of Economic Education, 2023
The author of this article demonstrates how the unified approach to answering economic questions employed in modern quantitative macroeconomics research can be taught to undergraduate students using the Solow model. Through an application to post-WWII Japan, students get hands-on experience with (1) documenting empirical facts, (2) developing a…
Descriptors: Macroeconomics, Undergraduate Students, Prediction, Teaching Methods
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Horowitz, Basak – Journal of Economic Education, 2023
The author of this article discusses a cooperative learning exercise designed for introductory macroeconomics that was completed by 44 groups of three or four students during the spring 2021, fall 2021, and spring 2022 semesters at a private U.S. liberal arts college. The exercise aims to foster an active learning community where students…
Descriptors: Cooperative Learning, Learning Activities, Diversity, Inclusion
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Ersal Kiziler, Eylem – Journal of Economic Education, 2023
Misconceptions hinder optimal student learning. They need to be addressed explicitly and formally to achieve effective teaching of economics. The author of this article outlines an activity that is designed to address misconceptions about "others" using a backward course design framework. Fink's significant learning categories,…
Descriptors: Introductory Courses, Macroeconomics, Economics Education, Misconceptions
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Davis, Leila E.; Gómez-Ramírez, Leopoldo – Journal of Economic Education, 2022
The 3-equation model by Carlin and Soskice (2014) introduces the current consensus in modern monetary macroeconomics to undergraduates through a static framework in which adjustment occurs via the monetary policy rule of an inflation-targeting central bank. In this article, the authors present a dynamic extension of this model and an Excel-based…
Descriptors: Economics Education, Macroeconomics, Teaching Methods, Undergraduate Students
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Jenkins, Brian C. – Journal of Economic Education, 2022
The author of this article describes a new undergraduate course where students use Python programming for macroeconomic data analysis and modeling. Students develop basic familiarity with dynamic optimization and simulating linear dynamic models, basic stochastic processes, real business cycle models, and New Keynesian business cycle models.…
Descriptors: Undergraduate Students, Programming Languages, Macroeconomics, Familiarity
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Ihrig, Jane; Wolla, Scott – Journal of Economic Education, 2022
The topic of the Federal Reserve's (the Fed's) implementation of monetary policy has a significant presence in economics textbooks. Unfortunately, as the Fed purposefully shifted the way it implements monetary policy to an environment with ample reserves in the banking system, many textbooks have not kept up. The authors walk through the key…
Descriptors: Teaching Methods, Economics Education, Financial Policy, Textbooks
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Hook, Andrew – Journal of Economic Education, 2022
Despite recent clarifications by central banks that it is indeed "commercial banks" that are the main creators of the money supply, money creation processes remain as confusing and opaque as ever to many. This article develops a simplified macro-visual diagram of today's money system based on the increasingly accepted "credit…
Descriptors: Monetary Systems, Economics Education, Visual Aids, Theories
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Neveu, Andre R. – Journal of Economic Education, 2020
The money creation and monetary policy chapters in the leading introductory textbooks commonly present an outdated and misleading approach that is now largely irrelevant. A preferable model would help students understand that money and monetary policy are about bank and household motives, the importance of capital, and the role of credit. An…
Descriptors: Macroeconomics, Introductory Courses, Economics Education, Monetary Systems
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Johnson, Paul; Staveley-O'Carroll, James – Journal of Economic Education, 2020
In this article, the authors describe a classroom experiment on exchange rates appropriate for undergraduate courses in macroeconomics, international economics, and money and banking. Student teams compete by managing virtual portfolios of six foreign currencies over a period of several weeks. Trading requires a few minutes in class. Students gain…
Descriptors: Economics Education, Undergraduate Students, Class Activities, Educational Experiments
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Duffy, John; Jenkins, Brian C. – Journal of Economic Education, 2019
The authors propose a classroom experiment implementing a simple version of a New Keynesian model suitable for courses in intermediate macroeconomics and money and banking. Students play as either the central bank or members of the private sector. The central banker sets interest rates to meet twin objectives for inflation and the output gap or to…
Descriptors: Economics Education, Experiments, Macroeconomics, Class Activities
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Josephson, Anna; DeBoer, Larry; Nelson, Dave; Zissimopoulos, Angelika – Journal of Economic Education, 2019
Contemporary pedagogy encourages instructors to move away from memorization to teaching the ability to "do economics." In such an environment, students are taught to apply knowledge of economic measurement, the economic model, and economic policy to analyze current events and policies. In this article, the authors build on existing…
Descriptors: Economics Education, Introductory Courses, Macroeconomics, Class Activities
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Croushore, Dean; Kazemi, Hossein S. – Journal of Economic Education, 2019
In this article, the authors illustrate the use of Bloomberg for analyzing topics in macroeconomics and monetary policy in economics and finance courses. The hands-on experience that students gain from such a course has many benefits, including deeper learning and clearer understanding of data. The authors describe goals and learning objectives,…
Descriptors: Economics Education, Macroeconomics, Financial Policy, Experiential Learning
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