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Showing 1 to 15 of 138 results Save | Export
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Duffy, John; Jenkins, Brian C. – Journal of Economic Education, 2019
The authors propose a classroom experiment implementing a simple version of a New Keynesian model suitable for courses in intermediate macroeconomics and money and banking. Students play as either the central bank or members of the private sector. The central banker sets interest rates to meet twin objectives for inflation and the output gap or to…
Descriptors: Economics Education, Experiments, Macroeconomics, Class Activities
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Josephson, Anna; DeBoer, Larry; Nelson, Dave; Zissimopoulos, Angelika – Journal of Economic Education, 2019
Contemporary pedagogy encourages instructors to move away from memorization to teaching the ability to "do economics." In such an environment, students are taught to apply knowledge of economic measurement, the economic model, and economic policy to analyze current events and policies. In this article, the authors build on existing…
Descriptors: Economics Education, Introductory Courses, Macroeconomics, Class Activities
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Croushore, Dean; Kazemi, Hossein S. – Journal of Economic Education, 2019
In this article, the authors illustrate the use of Bloomberg for analyzing topics in macroeconomics and monetary policy in economics and finance courses. The hands-on experience that students gain from such a course has many benefits, including deeper learning and clearer understanding of data. The authors describe goals and learning objectives,…
Descriptors: Economics Education, Macroeconomics, Financial Policy, Experiential Learning
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Poutineau, Jean-Christophe; Vermandel, Gauthier – Journal of Economic Education, 2018
The authors provide a static two-country new Keynesian model to teach two related questions in international macroeconomics: the international transmission of unilateral monetary policy decisions and the gains coming from the coordination monetary rules. They concentrate on "normal times" and use a thoroughly graphical approach to…
Descriptors: International Cooperation, International Law, Financial Policy, Models
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Staveley-O'Carroll, James – Journal of Economic Education, 2018
Over the course of one semester, six empirical assignments that utilize FRED are used to introduce students of money and banking courses to the economic analysis required for the conduct of monetary policy. The first five assignments cover the following topics: inflation, bonds and stocks, monetary aggregates, the Taylor rule, and employment.…
Descriptors: Economics Education, Graphs, Assignments, Macroeconomics
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Bhattacharya, Arghya; Jackson, Paul; Jenkins, Brian C. – Journal of Economic Education, 2018
The authors present a version of the Diamond-Mortensen-Pissarides model of unemployment that is accessible to undergraduates and preserve the dynamic structure of the original model. The model is solvable in closed form using basic algebra and admits a graphical representation useful for illustrating a variety of comparative statics. They show how…
Descriptors: Undergraduate Students, Economics Education, Unemployment, Models
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Beaudin, Laura; Berdiev, Aziz N.; Kaminaga, Allison Shwachman; Mirmirani, Sam; Tebaldi, Edinaldo – Journal of Economic Education, 2017
The authors describe a unique approach to enhancing student learning at the introductory economics level that utilizes a multi-section, team-based competition. The competition is structured to supplement learning throughout the entire introductory course. Student teams are presented with current economic issues, trends, or events, and use economic…
Descriptors: Economics Education, Introductory Courses, Competition, Group Activities
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Naples, Michele I. – Journal of Economic Education, 2017
Visually-impaired students require tailored pedagogies to ensure their instruction is as high quality as for sighted students. They follow board work during class by referring to typed class notes provided ahead of time via a Braille reader, and in-class small groups solving problems create an inclusive "esprit de corps" and promote…
Descriptors: Teaching Methods, Macroeconomics, Visual Impairments, Economics Education
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Poutineau, Jean-Christophe; Vermandel, Gauthier – Journal of Economic Education, 2015
This article introduces macroprudential policy using a static New Keynesian Macroeconomics model with financial frictions. The authors analyze two related questions: First, they show how the procyclicality of financial factors, captured by the financial accelerator, amplifies the transmission of supply and demand shocks and impacts the intuition…
Descriptors: Macroeconomics, Policy, Models, Supply and Demand
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Blinder, Alan S. – Journal of Economic Education, 2015
This article comes in three parts. Part 1 reviews a few pertinent facts about the stunning economic events that have occurred in the United States (and elsewhere) since 2007. The author chose these particular facts from among many for their relevance to the rest of the article. The next two parts take up, first, some of the key lessons that…
Descriptors: Financial Problems, Economic Change, Economic Impact, Economic Progress
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Duncan, Roberto – Journal of Economic Education, 2015
The canonical neoclassical model is insufficient to understand business cycle fluctuations in emerging market and developing economies. The author reformulates the model proposed by Aguiar and Gopinath (2007) in a simple setting that can be used to teach business cycle macroeconomics for emerging market and developing economies at the…
Descriptors: Macroeconomics, Models, Economics Education, Economic Climate
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Méndez-Carbajo, Diego – Journal of Economic Education, 2015
The author discusses a pedagogical strategy based on data visualization and analysis in the teaching of intermediate macroeconomics and financial economics. In these short projects, students collect and manipulate economic data from the online Federal Reserve Economic Database (FRED) in order to illustrate theoretical relationships discussed in…
Descriptors: Economics Education, Databases, Data, Visual Aids
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Buttet, Sebastien; Roy, Udayan – Journal of Economic Education, 2015
The authors modify the Dynamic Aggregate Demand-Dynamic Aggregate Supply model in Mankiw's widely used intermediate macroeconomics textbook to discuss monetary policy when the natural real interest rate is falling over time. Their results highlight a new role for the central bank's inflation target as a tool of macroeconomic stabilization. They…
Descriptors: Macroeconomics, Credit (Finance), Models, Economic Climate
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Fuller, Dan; Geide-Stevenson, Doris – Journal of Economic Education, 2014
In this article, the authors explore consensus among economists on specific propositions based on a fall 2011 survey of American Economic Association members. Results are based on 568 responses and provide evidence of changes in opinion over time by including propositions from earlier studies in 2000 (Fuller and Geide-Stevenson 2003) and 1992…
Descriptors: Professional Associations, Economics, Congruence (Psychology), Questionnaires
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Buttet, Sebastien; Roy, Udayan – Journal of Economic Education, 2014
Several leading undergraduate intermediate macroeconomics textbooks now include a simple reduced-form New Keynesian model of short-run dynamics (alongside the IS-LM model). Unfortunately, there is no accompanying description of how the zero lower bound on nominal interest rates affects the model. In this article, the authors show how the…
Descriptors: Economics Education, Macroeconomics, Financial Policy, Models
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