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The Macro Pedagogy Debate: Teaching DSGE to Undergraduates Symposium

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  • Mark Setterfield

Abstract

Introducing DSGE modelling into undergraduate macroeconomics would be a mistake. DSGE modelling hasn't served the profession well, and won't enhance an undergraduate curriculum that is overwhelmingly populated by students who don't intend to pursue graduate training in economics. Undergraduate macro would be better served by focusing on basic tools and concepts, and by conveying to students a sense of the economy's complexity and the challenges this presents to good policy making.

Suggested Citation

  • Mark Setterfield, 2018. "The Macro Pedagogy Debate: Teaching DSGE to Undergraduates Symposium," The Journal of Economic Education, Taylor & Francis Journals, vol. 49(3), pages 237-241, July.
    • Handle: RePEc:taf:jeduce:v:49:y:2018:i:3:p:237-241
    DOI: 10.1080/00220485.2018.1464991
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    Cited by:

    1. Bongers, Anelí & Gómez, Trinidad & Torres, José L., 2020. "Teaching dynamic General equilibrium macroeconomics to undergraduates using a spreadsheet," International Review of Economics Education, Elsevier, vol. 35(C).
    2. Juan David Parra Heredia, 2019. "[Resena] "El mercado" y la frágil retórica libertaria," Revista Economía y Región, Universidad Tecnológica de Bolívar, vol. 13(1), pages 245-253, June.

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