This paper introduces five different microeconomics and macroeconomics models that are based on the uses of multidimensional graphical and mathematical modeling. The main objective of this paper is to present some classic economic theoretical approaches such as the input-output table,...

This paper introduces four different focuses for microeconomics and macroeconomics that are based on the uses of multidimensional graphical modeling and multidimensional mathematical modeling. The main objective of this paper is to present some classic economic theoretical approaches such as the...

This paper introduces four different focuses for microeconomics and macroeconomics that are based on the uses of multidimensional graphical modeling and multidimensional mathematical modeling. The main objective of this paper is to present some classic economic theoretical approaches such as the...

Nominal rigidities have an important role in macro models used for the analysis of monetary policy. Recently, attractive prices (also known as price points) have often been referred to as one important potential explanation of nominal rigidities. An increased interest on attractive prices as an...

Im Rahmen der Vorlesung "Volkswirtschaftslehre und -politik" hat die Fakultät Betriebswirtschaft der OTH Amberg-Weiden ein Projekt gestartet, um die Wirkungen einer neuen Lernplattform auf das Studienergebnis zu untersuchen. In Verbindung mit der Implementierung der Lernplattform erfolgte auch...

In this article, I provide a general model to incentivize student involvement in an economics course on an ongoing basis. Rather than presenting students with a discrete number of diverse experiments to illustrate different economic concepts, I opt for the adoption of a single experiment that...

In this paper, we present a novel framework for macroeconomic analysis, which tries to incorporate recent theoretical developments into a model describing an open economy. The model includes a monetary policy rule instead of the LM function together with an aggregate supply function derived from...

Flowcharts are an invaluable tool for explaining complex mechanisms. They are used in Biology, Chemistry and many other disciplines as a teaching tool, as well as in research. However, flowcharts are hardly used in economics. This paper suggests that flowcharts could supplement graphs and...

An intuitive approach to the mathematical aspects of expenditure and money multipliers helps improve macroeconomics students' comprehension and performance. It places the material on a higher plane, promoting confidence in their economic reasoning, especially crucial for those lacking confidence...

After the financial crisis, macroeconomics became an unsettled discipline raising pedagogical challenges as to how to teach principles courses. This article concerns a principles of economics course that was initially taught with traditional methods. After students performed poorly during the...