IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/37061.html
   My bibliography  Save this paper

The design and use of macroeconomics simulation using maple software: A pilot study

Author

Listed:
  • Snarr, Hal W.
  • Gold, Steven C.

Abstract

The mathematical models used in intermediate macroeconomics have become increasingly more sophisticated and challenging for students to learn. This paper demonstrates how mathematics software, such as Maple, can be used to design a simulation as a pedagogical aid. The paper proceeds by developing a system of equations to model the economy, simulating the system with Maple, and illustrating the impacts of fiscal and monetary policy changes. A pilot test of the simulation was performed to see if higher levels of mathematical rigor could be introduced in a principles course. The results indicate that symbolic mathematics software can be an effective teaching and student learning tool.

Suggested Citation

  • Snarr, Hal W. & Gold, Steven C., 2005. "The design and use of macroeconomics simulation using maple software: A pilot study," MPRA Paper 37061, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:37061
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/37061/1/MPRA_paper_37061.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Joshua Angrist & Victor Lavy, 2002. "New Evidence on Classroom Computers and Pupil Learning," Economic Journal, Royal Economic Society, vol. 112(482), pages 735-765, October.
    2. Michael E. Wetzstein, 1988. "An Organonic and Modern Problems Approach for Teaching Agricultural Economics Principles," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 70(1), pages 63-68.
    3. Scott P. Simkins, 1999. "Promoting Active-Student Learning Using the World Wide Web in Economics Courses," The Journal of Economic Education, Taylor & Francis Journals, vol. 30(3), pages 278-287, January.
    4. Stephen J. Schmidt, 2003. "Active and Cooperative Learning Using Web-Based Simulations," The Journal of Economic Education, Taylor & Francis Journals, vol. 34(2), pages 151-167, January.
    5. David H. Gillette, 1994. "Hyperlecturing and Linkages," The American Economist, Sage Publications, vol. 38(2), pages 58-65, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Peter Bergman, 2020. "Nudging Technology Use: Descriptive and Experimental Evidence from School Information Systems," Education Finance and Policy, MIT Press, vol. 15(4), pages 623-647, Fall.
    2. Stephen Machin & Sandra McNally & Olmo Silva, 2007. "New Technology in Schools: Is There a Payoff?," Economic Journal, Royal Economic Society, vol. 117(522), pages 1145-1167, July.
    3. Carmen Díaz-Roldán & María del Carmen Ramos-Herrera, 2021. "Innovations and ICT: Do They Favour Economic Growth and Environmental Quality?," Energies, MDPI, vol. 14(5), pages 1-17, March.
    4. Thomas Fuchs & Ludger Wossmann, 2004. "Computers and student learning: bivariate and multivariate evidence on the availability and use of computers at home and at school," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 47(3-4), pages 359-386.
    5. María Orduz, 2022. "Effect of educational spending on academic performance under different institutional arrangements," Documentos CEDE 20224, Universidad de los Andes, Facultad de Economía, CEDE.
    6. Joshua M. Duke & Titus O. Awokuse, 2009. "Assessing the Effect of Bilateral Collaborations on Learning Outcomes," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 31(2), pages 344-358.
    7. Hisaki Kono & Yasuyuki Sawada & Abu S. Shonchoy, 2016. "DVD-based Distance-learning Program for University Entrance Exams: Experimental Evidence from Rural Bangladesh," CIRJE F-Series CIRJE-F-1027, CIRJE, Faculty of Economics, University of Tokyo.
    8. Bulman, George & Fairlie, Robert W, 2015. "Technology and Education: Computers, Software, and the Internet," Santa Cruz Department of Economics, Working Paper Series qt5265z87t, Department of Economics, UC Santa Cruz.
    9. Nerea Gómez-Fernández & Mauro Mediavilla, 2018. "Do information and communication technologies (ICT) improve educational outcomes? Evidence for Spain in PISA 2015," Working Papers 2018/20, Institut d'Economia de Barcelona (IEB).
    10. Cameron D. Miller & Richard D. Wang, 2024. "Product digitization and differentiation strategy change: Evidence from the book publishing industry," Strategic Management Journal, Wiley Blackwell, vol. 45(7), pages 1241-1272, July.
    11. Bet, German & Cristia, Julián P. & Ibarrarán, Pablo, 2014. "The Effects of Shared School Technology Access on Students Digital Skills in Peru," IZA Discussion Papers 7954, Institute of Labor Economics (IZA).
    12. Benjamin Faber & Rosa Sanchis-Guarner & Felix Weinhardt, 2015. "ICT and Education: Evidence from Student Home Addresses," SERC Discussion Papers 0186, Centre for Economic Performance, LSE.
    13. Victor Lavy & Analia Schlosser, 2005. "Targeted Remedial Education for Underperforming Teenagers: Costs and Benefits," Journal of Labor Economics, University of Chicago Press, vol. 23(4), pages 839-874, October.
    14. Hans J. Baumgartner, 2003. "Are There Any Class Size Effects On Early Career Earnings In West Germany?," HEW 0305004, University Library of Munich, Germany, revised 05 Nov 2003.
    15. Berlinski, Samuel & Busso, Matias, 2017. "Challenges in educational reform: An experiment on active learning in mathematics," Economics Letters, Elsevier, vol. 156(C), pages 172-175.
    16. Bergman, Peter & Rogers, Todd, 2017. "The Impact of Defaults on Technology Adoption, and Its Underappreciation by Pollicymakers," Working Paper Series rwp17-021, Harvard University, John F. Kennedy School of Government.
    17. Saima Yasmeen & Muhammad Tayyab Alam & Muhammad Mushtaq & Maqsud Alam Bukhari, 2015. "Comparative Study of the Availability and Use of Information Technology in the Subject of Education in Public and Private Universities of Islamabad and Rawalpindi," SAGE Open, , vol. 5(4), pages 21582440156, October.
    18. Hall, Caroline & Lundin, Martin & Sibbmark, Kristina, 2019. "A laptop for every child? The impact of ICT on educational outcomes," Working Paper Series 2019:26, IFAU - Institute for Evaluation of Labour Market and Education Policy.
    19. Abhijit V. Banerjee & Shawn Cole & Esther Duflo & Leigh Linden, 2007. "Remedying Education: Evidence from Two Randomized Experiments in India," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 122(3), pages 1235-1264.
    20. Cardim, Joana & Molina-Millán, Teresa & Vicente, Pedro C., 2023. "Can technology improve the classroom experience in primary education? An African experiment on a worldwide program," Journal of Development Economics, Elsevier, vol. 164(C).

    More about this item

    Keywords

    Economics instruction; macroeconomic simulation; Maple software;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics

    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:pra:mprapa:37061. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    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.