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A big picture for teaching macroeconomics principles

Author

Listed:
  • Peter Kennedy

    (Simon Fraser University)

Abstract

The economy can be viewed as consisting of four sectors, the goods and services, labor, monetary, and international sectors, with overall equilibrium consisting of simultaneous equilibrium in each of these sectors. Interactions among these markets headaches for students. The “big picture” of this paper is a verbal story (supplemented with an oversimplified diagram) that an instructor can tell to exposit this to beginning students. Furthermore, by explaining how these headaches are minimized students are provided an overview of how a typical macroeconomics principles course is structured.

Suggested Citation

  • Peter Kennedy, 2008. "A big picture for teaching macroeconomics principles," Economics Bulletin, AccessEcon, vol. 1(1), pages 1-6.
    • Handle: RePEc:ebl:ecbull:eb-07a20002
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    File URL: http://www.accessecon.com/pubs/EB/2008/Volume1/EB-07A20002A.pdf
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    Cited by:

    1. Kagochi, John & Durmaz, Nazif, 2021. "Determinants of Intra-SSA Tourism Demand," MPRA Paper 106492, University Library of Munich, Germany.
    2. Seyyed Ali Zeytoon Nejad MOOSAVIAN, 2016. "Teaching Economics and Providing Visual “Big Pictures”," Journal of Economics and Political Economy, KSP Journals, vol. 3(1), pages 119-133, March.
    3. Seyyed Ali Zeytoon Nejad Moosavian, 2016. "The Visual ¡°Big Picture¡± of Intermediate Macroeconomics: A Pedagogical Tool to Teach Intermediate Macroeconomics," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 8(9), pages 234-248, September.

    More about this item

    Keywords

    aggregate demand curve;

    JEL classification:

    • A2 - General Economics and Teaching - - Economic Education and Teaching of Economics

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