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Teaching Piketty To Undergraduates

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  • Humberto Barreto

    (Department of Economics and Management, DePauw University)

Abstract

The primary ideas in Piketty’s Capital should be incorporated into the economics curriculum. Unfortunately, its theoretical foundation—the Solow Model—when conventionally taught with a Solow diagram or analytical solution, is beyond the reach of the typical undergraduate. The model, however, can be effectively presented via simulation, with steady-state and comparative statics properties directly observed. A single, standalone, macro-enhanced Excel workbook, Capital.xlsm, is all that is needed to teach the main ideas in Piketty’s Capital. Download it here www.depauw.edu/learn/econexcel or from this direct link: www.depauw.edu/learn/econexcel/Capital.xlsm

Suggested Citation

  • Humberto Barreto, 2017. "Teaching Piketty To Undergraduates," Working Papers 2017-02, DePauw University, School of Business and Leadership and Department of Economics and Management.
    • Handle: RePEc:dew:wpaper:2017-02
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    File URL: https://www.depauw.edu/site/learn/dew/wpaper/workingpapers/DePauw2017-02-Barreto-TeachingPiketty.pdf
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    More about this item

    Keywords

    inequality; simulation; Excel; income distribution; Solow Model; economic growth;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General

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