Principles for Teaching Economic Forecasting

David G. Loomis () and James E. Cox, Jr. ()
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David G. Loomis: Illinois State University
James E. Cox, Jr.: Illinois State University

International Review of Economic Education, 2003, vol. 2, issue 1, 69-79

Abstract: A forecasting class can be a vital addition to the economics curriculum so that economics graduates will be prepared to meet the demand for forecasting skills required by employers. A previous article (Loomis and Cox, 2000) provides an outline of how forecasting fits into the economics curriculum and what should be taught in an economic forecasting class. Yet recognising the need for such a class and providing the right content is only part of the solution. Proper pedagogy is essential to the success of a forecasting course. This article provides principles on how to teach microeconomic forecasting in a way that will enhance student learning.

Date: 2003
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