Eight Reasons Why Real versus Nominal Interest Rates Is the Most Important Concept in Macroeconomics Principles Courses
AbstractThe purpose of this paper is to argue that the distinction between real and nominal interest rates is the most important concept taught in macroeconomics principle courses. By "important" I mean "useful for interpreting and evaluating media reporting of the macroeconomy". This presumes that a major goal of our macroeconomics principles course is to produce students capable of understanding macroeconomics encountered in the media.
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Bibliographic InfoArticle provided by American Economic Association in its journal American Economic Review.
Volume (Year): 90 (2000)
Issue (Month): 2 (May)
Other versions of this item:
- Kennedy, P., 1998. "Eight Reasons Why Real Versus Nominal Interest Rates is the Most Important Concept in Macroeconomic Principles Courses," Discussion Papers dp98-09, Department of Economics, Simon Fraser University.
- A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Peter Kennedy, 2000. "Macroeconomic Essentials, 2nd Edition: Understanding Economics in the News," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262611503, January.
- Janet T. Knoedler & Daniel A. Underwood, 2004. "La enseñanza de los Principios de Economía: propuesta para un enfoque multiparadigmático," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 6(11), pages 39-72, July-Dece.
- Gurbachan Singh, . "Why is 100% Reserve Banking Inefficient?," Centre for International Trade and Development, Jawaharlal Nehru University, New Delhi Discussion Papers 09-07, Centre for International Trade and Development, Jawaharlal Nehru University, New Delhi, India.
- W. Lee Hansen & Michael K. Salemi & John J. Siegfried, 2002. "Use It or Lose It: Teaching Literacy in the Economics Principles Course," American Economic Review, American Economic Association, vol. 92(2), pages 463-472, May.
- W. Lee Hansen & Michael K. Salemi & John J. Siegfried, 2001. "Creating a Standards-Based Economics Principles Course," Vanderbilt University Department of Economics Working Papers 0105, Vanderbilt University Department of Economics.
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