Using a Simple Simulation Model to Help Students 'Think Like Economists' in Intermediate Macroeconomics
A decade ago, a national conference of macroeconomic educators called for fundamental reform in the teaching of intermediate macroeconomics, urging instructors to employ a single analytic framework rather than 'responding to the fragmentation of macroeconomics by teaching a separate model for each school of thought' (Erekson, Raynold and Salemi, 1996; Salemi and Siegfried, 1999). This paper describes the theoretical structure and learning applications of a simple, single-framework macroeconomic simulation model developed at Texas Christian University. When carefully integrated with other course activities, this computer-based learning tool can increase the intellectual value of intermediate macroeconomics by helping to strengthen students' understanding of basic macroeconomic principles and the types of complex causality, interdependence and unintended consequences that arise in macroeconomic settings, i.e. students' ability to 'think like economists' about macroeconomic phenomena.
Volume (Year): 18 (2006)
Issue (Month): 1 ()
|Contact details of provider:|| Postal: University of Bristol, BS8 1HH, United Kingdom|
Fax: +44(0)117 331 4396
Web page: http://www.economicsnetwork.ac.uk/cheer
|Order Information:|| Email: |
References listed on IDEAS
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.:
- 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.
- Peter E. Kennedy, 2001. "Bootstrapping Student Understanding of What is Going on in Econometrics," The Journal of Economic Education, Taylor & Francis Journals, vol. 32(2), pages 110-123, January.
- Michael P. Murray, 1999. "Econometrics Lectures in a Computer Classroom," The Journal of Economic Education, Taylor & Francis Journals, vol. 30(3), pages 308-321, January.
- William E. Becker, 1997. "Teaching Economics to Undergraduates," Journal of Economic Literature, American Economic Association, vol. 35(3), pages 1347-1373, September.
- Frank Hahn & Robert Solow, 1997. "A Critical Essay on Modern Macroeconomic Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 026258154x.
- John J. Siegfried & Michael K. Salemi, 1999. "The State of Economic Education," American Economic Review, American Economic Association, vol. 89(2), pages 355-361, May.
- O. Homer Erekson & Prosper Raynold & Michael K. Salemi, 1996. "Pedagogical Issues in Teaching Macroeconomics," The Journal of Economic Education, Taylor & Francis Journals, vol. 27(2), pages 100-107, April.
- Solow,Robert M., 1998. "Monopolistic Competition and Macroeconomic Theory," Cambridge Books, Cambridge University Press, number 9780521626163, December.
When requesting a correction, please mention this item's handle: RePEc:che:chepap:v:18:y:2006:i:1:p:34-39. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Martin Poulter)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.