Teaching macroeconomics through flowcharts

Yaniv Reingewertz

International Review of Economics Education, 2013, vol. 14, issue C, 86-93

Abstract: Flowcharts are an invaluable tool for explaining complex mechanisms. They are used in Biology, Chemistry and many other disciplines as a teaching tool, as well as in research. However, flowcharts are hardly used in economics. This paper suggests that flowcharts could supplement graphs and algebra in the teaching of economics, especially in undergraduate courses. In order to demonstrate their effectiveness the paper presents a series of flowcharts that describe the IS-LM/AD-AS model. These flowcharts could be used in various undergraduate courses in macroeconomics, as a supplement to the standard IS-LM and AD-AS graphs.

Keywords: Economics education; Teaching of economics; Flowchart; Macroeconomics (search for similar items in EconPapers)
JEL-codes: A22 E10 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ireced:v:14:y:2013:i:c:p:86-93

DOI: 10.1016/j.iree.2013.10.004

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