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...

Teaching Dynamic Macroeconomics at undergraduate courses relies exclusively on intuitive prose and graphics depicting behaviours and steady states of the main markets of the economy. But when the case of forward-looking agents and the macroeconomic implications of their actions are discussed,...

The aim of our contribution is to present an innovative instrument to teach macroeconomics at the undergraduate and master level. We develop a digital learning platform to present and explore some controversies at the very foundations of macroeconomic theory. For this purpose, we explicitly...

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...

As presented in most undergraduate economics textbooks, the aggregate supply/aggregate demand apparatus (AS-AD) is not only logically flawed, which Robert Barro recently demonstrated in this Journal, but seems ideally designed to prevent student learning by concealing the logic that lies behind...

Exercises Guide. Principles of Macroeconomics

This essay shows that the stable Phillips curve cannot be mapped off an aggregate supply curve that is linear or exponential. Yet many principles of economics books claim that the stable Phillips curve is a mapping of a stable aggregate supply curve. Treating the stable Phillips curve...

The authors use quantitative and qualitative analyses to examine how well twelve leading intermediate macroeconomic textbooks would have prepared students for understanding the economic crisis and stabilization policies implemented in 2008-09. Evaluations distinguish between topical coverage of...

This paper argues that it is no surprise that the DSGE model, which has proved so successful in convincing academic economists of its value, has made relatively few inroads into the teaching sphere. The qualities which make it attractive to academics, such as the purity of its assumptions and...