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Teaching Macroeconomics After the Crisis: A Survey Among Undergraduate Instructors in Europe and the United States

Author

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  • Manfred Gärtner
  • Björn Griesbach
  • Florian Jung

Abstract

The Great Recession raised questions of what and how macroeconomists teach at academic institutions around the globe, and what changes in the macroeconomics curriculum should be made. The authors conducted a survey of undergraduate macroeconomics instructors affiliated with colleges and universities in Europe and the United States at the end of 2010. The results show that courses feature very much the same lineups of models as they did before the crisis. A notable exception concerns public debt dynamics, which receives considerably more emphasis. The finer fabric of undergraduate macroeconomics teaching, however, shows substantial shifts: A host of topics related to financial markets has entered the curriculum, and there is more interest in economic history, the history of economic thought, and case studies.

Suggested Citation

  • Manfred Gärtner & Björn Griesbach & Florian Jung, 2013. "Teaching Macroeconomics After the Crisis: A Survey Among Undergraduate Instructors in Europe and the United States," The Journal of Economic Education, Taylor & Francis Journals, vol. 44(4), pages 406-416, October.
    • Handle: RePEc:taf:jeduce:v:44:y:2013:i:4:p:406-416
    DOI: 10.1080/00220485.2013.827050
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    Cited by:

    1. François Courtoy & Michel de Vroey & Riccardo Turati, 2021. "What do we teach in Macroeconomics? Evidence of a theoretical divide," LIDAM Discussion Papers IRES 2021023, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    2. Abdallah, Ali, 2022. "Dépréciation réelle de la monnaie et croissance économique [Can real currency depreciation lead growth?]," MPRA Paper 113183, University Library of Munich, Germany.
    3. Giancarlo Bertocco & Andrea Kalajzić, 2023. "A critical analysis of the loanable funds theory: some notes on the non-neutrality of money," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 40(1), pages 35-55, April.
    4. Bofinger, Peter & Ries, Mathias, 2017. "Excess saving and low interest rates: Theory and empirical evidence," CEPR Discussion Papers 12111, C.E.P.R. Discussion Papers.
    5. Manfred G�rtner & Bj�rn Griesbach & Florian Jung, 2014. "Is there a transatlantic divide in undergraduate macroeconomics teaching?," Applied Economics Letters, Taylor & Francis Journals, vol. 21(5), pages 297-303, March.
    6. Arnold, Ivo J.M., 2023. "Teaching economics of monetary union with the IS-MP-PC model," International Review of Economics Education, Elsevier, vol. 44(C).

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