This article explores the effectiveness of applying a new multidimensional graphical method to the teaching and learning of economics. In essence, the paper extends the significance of multi-dimensional graphs to study any economic phenomenon from a multidimensional perspective. The paper...

The Cobb Douglas production function is a central element in economic growth theory and Microeconomics. Its popularity in economics stems from certain convenient mathematical properties. Some of these properties describe a set of (partial) differential equations. Although the Cobb Douglas...

The new economics of multi-sided platforms involves a number of concepts that are familiar to economists as well as some new ones. This glossary, which is drawn from our book Matchmakers: The New Economics of Multi-sided Platforms, is an attempt to put together the main concepts and to provide...

We describe our experience with integrating a semester-long economic analysis project into an intermediate macroeconomic theory course. Students work in teams of "economic advisors" to write a series of nested reports for a decision-maker that analyze the current state of the economy, and...

Perhaps because of the prolonged stock market boom of the 1990's most macro principles textbooks have increased their coverage of the stock market, but there is very little analysis of how the economy affects the stock market. The present paper suggests a "GDP demand-side" approach to predicting...

Data analysis and applying knowledge to real-world settings rank among key skills of college graduates. This paper shows how to completely integrate data analysis and application of knowledge to real-world settings into an introductory macroeconomics course. Every class meeting is structured as...

In this short expository note I provide an overview of leveraged buy-out transactions (“LBOs”). I show in detail how an LBO transaction is structured and financed, as well as the typical return profile. I also provide a sample transaction accompanied by financial projections, debt repayment...

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...

The purpose of this case is to provide an introduction to fixed income portfolio management. In addition, the case describes the story of Bill Gross and the founding of PIMCO.Bill Gross continues to work the same schedule since joining PIMCO in 1970; a rigorous and structured workday that begins at...

Computer Algebra Systems can be combined with conventional teaching methods to provide students a more "hands-on" understanding of economic concepts. Maxima and its interface wxMaxima are open source (and therefore zero-price) alternatives to expensive programs like Maple and Mathematica. This...