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Data-based Active Learning in the Principles of Macroeconomics Course: A Mock FOMC Meeting

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  • Cathleen Whiting

Abstract

Abstract: The author presents an active-learning exercise for the introductory macroeconomics class in which students participate in a mock Federal Open Market Committee (FOMC) meeting. Preparation involves data gathering and writing both a research report and a policy recommendation. An FOMC meeting is simulated in which students give their policy recommendations, participate in deliberation, and vote on policy. This exercise fosters engagement across diverse groups of students at the introductory level as it develops proficiencies desired for economics majors.

Suggested Citation

  • Cathleen Whiting, 2006. "Data-based Active Learning in the Principles of Macroeconomics Course: A Mock FOMC Meeting," The Journal of Economic Education, Taylor & Francis Journals, vol. 37(2), pages 171-177, April.
    • Handle: RePEc:taf:jeduce:v:37:y:2006:i:2:p:171-177
    DOI: 10.3200/JECE.37.2.171-177
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    Cited by:

    1. Stefano Carattini & Eli P. Fenichel & Alexander Gordan & Patrick Gourley, 2020. "For want of a chair: Teaching price formation using a cap and trade game," The Journal of Economic Education, Taylor & Francis Journals, vol. 51(1), pages 52-66, January.
    2. Wolfe, Marketa Halova, 2020. "Integrating data analysis into an introductory macroeconomics course," International Review of Economics Education, Elsevier, vol. 33(C).
    3. David H. Dean & Robert C. Dolan, 2011. "Curricular and Co-curricular Aspects of the Economics Major at Highly Ranked Schools," Chapters, in: Gail M. Hoyt & KimMarie McGoldrick (ed.), International Handbook on Teaching and Learning Economics, chapter 69, Edward Elgar Publishing.
    4. Sara Gundersen & Allison Shwachman Kaminaga, 2022. "Presentations To The President: A Role-Play Assignment For A Macroeconomics Principles Class," Journal of Economics Teaching, Journal of Economics Teaching, vol. 7(3), pages 185-199, October.
    5. Phillip Saunders, 2011. "Case Use in Economics Instruction," Chapters, in: Gail M. Hoyt & KimMarie McGoldrick (ed.), International Handbook on Teaching and Learning Economics, chapter 2, Edward Elgar Publishing.

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