What do we teach in Macroeconomics? Evidence of a theoretical divide

Francois Courtoy, Michel De Vroey and Riccardo Turati

No 2021023, LIDAM Discussion Papers IRES from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: This paper studies the way in which macroeconomics is taught at the undergraduate and graduate levels. Based on two sources of information, the world’s largest network of library content and services, the WorldCat data base, and a survey of the textbooks used for teaching at leading universities across the world, the paper provides an up-to-date description of macroeconomics teaching. Our results show a clear methodological divide: whereas IS-LM/AS-AD modeling is the theoretical core of undergraduate textbooks, graduate ones have the RBC model as their baseline model.

Keywords: Macroeconomics; textbooks; IS-LM/AS-AD; RBC (search for similar items in EconPapers)
JEL-codes: A22 A23 E00 (search for similar items in EconPapers)
Date: 2021-09-13
New Economics Papers: this item is included in nep-cwa, nep-isf and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvir:2021023

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