Teaching Macro Principles after the Financial Crisis
AbstractThe stunning events of 2007-2009 both shook the world and piqued interest in economics. In the 30-plus years that I have been teaching macro principles, I have never seen the level of interest in students as high as what I observed last year rapt attention and no sleepers! Interest in economics has grown, and our students will want, expect, and deserve explanations of these events for years to come. This is truly a teaching moment, and that moment is going to be a long one. That’s the good news. The bad news is that the current curriculum fails to give students even imperfect answers. This means that the macro principles course will have to be changed. Although we can’t provide beginning students with complete answers, we can do a lot better than we have been doing.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Princeton University, Department of Economics, Center for Economic Policy Studies. in its series Working Papers with number 1222.
Date of creation: Apr 2010
Date of revision:
macroeconomics; financial crisis; economic curriculums in schools;
Find related papers by JEL classification:
- A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
- A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate
- E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
- D40 - Microeconomics - - Market Structure and Pricing - - - General
- G01 - Financial Economics - - General - - - Financial Crises
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Manfred GÃ¤rtner & BjÃ¶rn Griesbach & Florian Jung, 2014.
"Is there a transatlantic divide in undergraduate macroeconomics teaching?,"
Applied Economics Letters, Taylor & Francis Journals,
Taylor & Francis Journals, vol. 21(5), pages 297-303, March.
- GÃ¤rtner, Manfred & Griesbach, BjÃ¶rn & Jung, Florian, 2013. "Is there a transatlantic divide in undergraduate macroeconomics teaching?," Economics Working Paper Series 1322, University of St. Gallen, School of Economics and Political Science.
- Martin Kniepert, 2014. "Die (Neue) InstitutionenÃ¶konomik als Ansatz fÃ¼r einen erweiterten, offeneren Zugang zur Volkswirtschaftslehre," Working Papers 552014, Institute for Sustainable Economic Development, Department of Economics and Social Sciences, University of Natural Resources and Life Sciences, Vienna.
- Tadeusz Kowalski & Yochanan Shachmurove, 2011. "John Maynard Keynes: Is That you Knocking on the Door?," Working Papers, Department of Applied Econometrics, Warsaw School of Economics 56, Department of Applied Econometrics, Warsaw School of Economics.
- Ben Beachy, 2012. "A Financial Crisis Manual Causes, Consequences, and Lessons of the Financial Crisis," GDAE Working Papers 12-06, GDAE, Tufts University.
- Tadeusz Kowalski & Yochanan Shachmurove, 2011. "An Historical Walk Through Recent Financial Crises," PIER Working Paper Archive 11-019, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (David Long).
If references are entirely missing, you can add them using this form.