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Teaching macroeconomics with data: Materials for enhancing students’ quantitative skills

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  • Wuthisatian, Rattaphon
  • Thanetsunthorn, Namporn

Abstract

This paper develops a class project – a set of empirical exercises integrated with simple econometric methods – and examines the pedagogical effectiveness of the class project in teaching undergraduate macroeconomics. Specifically, the class project is designed to connect empirical evidence to the three main areas of macroeconomics that have been taught widely in an advanced introduction to intermediate level course: 1) the short-run economy (economic fluctuations); 2) the long-run economy (classical economic theory); and 3) the very long-run economy (economic growth). For economics teachers, the class project presented here can be utilized as an interactive teaching tool to effectively demonstrate the bridge between macroeconomic theory and empirical evidence, and enhance students’ quantitative skills.

Suggested Citation

  • Wuthisatian, Rattaphon & Thanetsunthorn, Namporn, 2019. "Teaching macroeconomics with data: Materials for enhancing students’ quantitative skills," International Review of Economics Education, Elsevier, vol. 30(C), pages 1-1.
    • Handle: RePEc:eee:ireced:v:30:y:2019:i:c:25
    DOI: 10.1016/j.iree.2018.11.001
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    Citations

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    Cited by:

    1. Karla Borja & Suzanne Dieringer, 2023. "Telling My Story: Applying Storytelling to Complex Economic Data," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 49(3), pages 328-348, June.
    2. Barreiro-Gen, María, 2020. "Evaluating the effects of mobile applications on course assessment: A quasi-experiment on a macroeconomics course," International Review of Economics Education, Elsevier, vol. 34(C).
    3. Mendez-Carbajo, Diego & Dellachiesa, Alejandro, 2023. "Choice of data visualization tool: FRED or spreadsheets?," International Review of Economics Education, Elsevier, vol. 44(C).

    More about this item

    Keywords

    Teaching macroeconomics; Economic data; The U.S. economy; Classical economic theory; Economic fluctuations; Economic growth;
    All these keywords.

    JEL classification:

    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
    • E00 - Macroeconomics and Monetary Economics - - General - - - General

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