New Uses for Spreadsheets in Intermediate Macroeconomics: Dynamic Neoclassical and New Keynesian Models
AbstractBecause modern macroeconomics is by nature dynamic, the mathematics involved are often difficult for undergraduate students to grasp. Unfortunately, numerical examples that are helpful in clarifying other technical areas of economics are very time consuming and even intractable when using pen, paper and calculator. This paper introduces spreadsheet applications that solve a large variety of numerical exercises for two types of dynamic macroeconomic models. These applications revolve around a neoclassical (Solow) growth model, and a new Keynesian IS-LM/AS-AD model. As one of the exercises, the AS-AD model is modified to incorporate the neoclassical assumptions of the permanent income hypothesis and rational expectations.
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Bibliographic InfoPaper provided by College of the Holy Cross, Department of Economics in its series Working Papers with number 0001.
Length: 5 pages
Date of creation: Jun 2000
Date of revision:
Publication status: Published in Computers in Higher Education Economics Review, August 2001, Vol. 14:2, pp. 7-11.
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Fax: (508) 793-3708
Web page: http://www.holycross.edu/departments/economics/website/
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economics; teaching; computer software; spreadsheet; Microsoft Excel;
Find related papers by JEL classification:
- A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
- C88 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Other Computer Software
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