Writing should be an integral component of mathematics intensive economic courses. The economic teacher is faced with a dilemma. If he does not use mathematics and teaches economics informally relying mainly on words and diagrams, then the students will fail to understand most current economic...

Duesenberry's (1949) relative income hypothesis holds substantial empirical credibility, as well as a rich set of implications. Though familiar to the pages of leading economics journals, the hypothesis is all but foreign to the blackboards of economics classrooms. With the intention of...

A large body of pedagogical literature has recently emerged to place the New Keynesian framework for analyzing business cycle fluctuations and the conduct of monetary policy into undergraduate economics curricula. This paper develops the graphical apparatus for the analysis of optimal monetary...