Teaching Aggregate Demand and Supply Models

Graeme Wells

No 2173, Working Papers from University of Tasmania, Tasmanian School of Business and Economics

Abstract: This note analyses the inflation-targeting model that underlies recent textbook expositions of the Aggregate Demand-Aggregate Supply approach used in introductory courses in macroeconomics. The paper shows how numerical simulations of a model with inflation inertia can be used as a tool to help students understand adjustments in response to demand and supply shocks of various kinds.

Keywords: economic modeling; econometrics; teaching methods; instructional materials (search for similar items in EconPapers)
Pages: 18 pages
Date: 2007-09, Revised 2007-09
New Economics Papers: this item is included in nep-cmp and nep-mac
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Published by University of Tasmania, School of Economics and Finance working paper put online Sept 3, 2007

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Related works:
Journal Article: Teaching Aggregate Demand and Supply Models (2010)
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