Experiential learning in macroeconomics through FREDcast

Diego Mendez-Carbajo

International Review of Economics Education, 2019, vol. 30, issue C, -

Abstract: This article discusses how to use FREDcast, an interactive economic forecasting game from the Federal Reserve Bank of St. Louis, to teach macroeconomics. It provides instructions on how to set the game up and organize related teaching materials such as graphs and data points through a FRED (Federal Reserve Economic Data) Dashboard. It also puts forward a series of classroom discussion questions and suggested assignments. We argue that this pedagogical strategy provides an engaging context for the discussion of core topics in macroeconomics while contributing to the development of data-related expected student proficiencies.

Keywords: Forecasting; Game; Unemployment; Employment; Price inflation; Gross domestic product / JEL codes: C82, E66, E58, A21, A22 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ireced:v:30:y:2019:i:c:22

DOI: 10.1016/j.iree.2018.05.004

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