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A Framework for Developing Spreadsheet Applications in Economics

Author

Listed:
  • Miles Cahill

    (Department of Economics, College of the Holy Cross)

  • George Kosicki

    (Department of Economics, College of the Holy Cross)

Abstract

This paper presents a framework for thinking abaout the different types of spreadsheet modeling applications available for teaching economics. Spreadsheet applications are categorized by the degree to which students are involved in the spreadsheet's construction, and the degree to which students are involved in the mathematics of the model. Examples of applications from each category call attention to the high degree of flexibility that instructors have in designing spreadsheet applications, and suggest alternative ways that instructors can tailor applications to fit their specific instructional style and setting. While the costs associated with developing spreadsheet applications are significant, we believe that the costs are manageable, even for instructors who are new to spreadsheets. We conclude that the advantages imparted to students by carefully tailored spreadsheet applications are significant, and we hope to encourage the development and use of such applications.

Suggested Citation

  • Miles Cahill & George Kosicki, 2001. "A Framework for Developing Spreadsheet Applications in Economics," Working Papers 0102, College of the Holy Cross, Department of Economics.
    • Handle: RePEc:hcx:wpaper:0102
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    Citations

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    Cited by:

    1. Miles B. Cahill, 2003. "Teaching Chain-Weight Real GDP Measures," The Journal of Economic Education, Taylor & Francis Journals, vol. 34(3), pages 224-234, January.
    2. Muhammad Ahsanuddin & Mushtaq Ahmed & Saba Naz, 2019. "Use of Spreadsheets to Teach Mathematical Applications in Economics," International Journal of Sciences, Office ijSciences, vol. 8(04), pages 1-3, April.
    3. Bongers, Anelí & Gómez, Trinidad & Torres, José L., 2020. "Teaching dynamic General equilibrium macroeconomics to undergraduates using a spreadsheet," International Review of Economics Education, Elsevier, vol. 35(C).
    4. R. Kim Craft, 2003. "Using Spreadsheets to Conduct Monte Carlo Experiments for Teaching Introductory Econometrics," Southern Economic Journal, John Wiley & Sons, vol. 69(3), pages 726-735, January.

    More about this item

    Keywords

    economics; teaching; computer software; spreadsheet; Microsoft Excel;
    All these keywords.

    JEL classification:

    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • C88 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Other Computer Software

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