IDEAS home Printed from https://ideas.repec.org/a/che/ireepp/v10y2011i1p133-147.html
   My bibliography  Save this article

Intermediate Macro Texts and the Economic Crisis of 2008-09

Author

Listed:
  • Jerry D. Gray

    (Willamette University)

  • J. Michael Miller

    (Willamette University)

Abstract

The authors use quantitative and qualitative analyses to examine how well 12 leading intermediate macroeconomic textbooks would have prepared students for understanding the economic crisis and stabilisation policies implemented in 2008/09. Evaluations distinguish between topical coverage of relevant concepts and theoretical underpinnings of interventionist policy. The authors find heavy emphasis on content associated with macro stability but significantly less content that would have been useful in comprehending informed public warnings about instability and the interventionist policies that were actually implemented. Examples from the texts are offered to support their analyses. While not objecting to thorough treatment of arguments related to macro stability, the authors suggest students would be better served by texts that integrate more serious coverage of crises, potential causes, and policy responses.

Suggested Citation

  • Jerry D. Gray & J. Michael Miller, 2011. "Intermediate Macro Texts and the Economic Crisis of 2008-09," International Review of Economic Education, Economics Network, University of Bristol, vol. 10(1), pages 133-147.
    • Handle: RePEc:che:ireepp:v:10:y:2011:i:1:p:133-147
    as

    Download full text from publisher

    File URL: https://www.economicsnetwork.ac.uk/iree/v10n1/gray_miller.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Johnson, Marianne & Kovzik, Alexander, 2016. "Teaching comparative economic systems 25 years after the collapse of the Soviet Union," International Review of Economics Education, Elsevier, vol. 22(C), pages 23-33.
    2. Juniper, James & Nadolny, Andrew & Pantelopoulos, George & Watts, Martin, 2021. "Orthodox macroeconomic textbooks: A critical evaluation using institutional practice as a benchmark," International Review of Economics Education, Elsevier, vol. 37(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:che:ireepp:v:10:y:2011:i:1:p:133-147. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Martin Poulter (email available below). General contact details of provider: https://www.economicsnetwork.ac.uk/iree .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.