The design and use of macroeconomics simulation using maple software: A pilot study
AbstractThe mathematical models used in intermediate macroeconomics have become increasingly more sophisticated and challenging for students to learn. This paper demonstrates how mathematics software, such as Maple, can be used to design a simulation as a pedagogical aid. The paper proceeds by developing a system of equations to model the economy, simulating the system with Maple, and illustrating the impacts of fiscal and monetary policy changes. A pilot test of the simulation was performed to see if higher levels of mathematical rigor could be introduced in a principles course. The results indicate that symbolic mathematics software can be an effective teaching and student learning tool.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 37061.
Date of creation: 01 Nov 2005
Date of revision:
Economics instruction; macroeconomic simulation; Maple software;
Find related papers by JEL classification:
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
- C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
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- Scott P. Simkins, 1999. "Promoting Active-Student Learning Using the World Wide Web in Economics Courses," The Journal of Economic Education, Taylor & Francis Journals, vol. 30(3), pages 278-287, January.
- repec:jee:journl:v:30:y:1999:i:3:p:278-291 is not listed on IDEAS
- Stephen J. Schmidt, 2003. "Active and Cooperative Learning Using Web-Based Simulations," The Journal of Economic Education, Taylor & Francis Journals, vol. 34(2), pages 151-167, January.
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