A big picture for teaching macroeconomics principles

Peter Kennedy

Economics Bulletin, 2008, vol. 1, issue 1, 1-6

Abstract: The economy can be viewed as consisting of four sectors, the goods and services, labor, monetary, and international sectors, with overall equilibrium consisting of simultaneous equilibrium in each of these sectors. Interactions among these markets headaches for students. The “big picture” of this paper is a verbal story (supplemented with an oversimplified diagram) that an instructor can tell to exposit this to beginning students. Furthermore, by explaining how these headaches are minimized students are provided an overview of how a typical macroeconomics principles course is structured.

Keywords: aggregate; demand; curve (search for similar items in EconPapers)
JEL-codes: A2 (search for similar items in EconPapers)
Date: 2008-01-05
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Citations: View citations in EconPapers (4)

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