EconPapers    
Economics at your fingertips  
 

The Visual ¡°Big Picture¡± of Intermediate Macroeconomics: A Pedagogical Tool to Teach Intermediate Macroeconomics

Seyyed Ali Zeytoon Nejad Moosavian ()

International Journal of Economics and Finance, 2016, vol. 8, issue 9, 234-248

Abstract: The primary purpose of this paper is to introduce a holistic, visual ¡°big picture¡± of the concepts and diagrams that are commonly covered in the course of intermediate macroeconomics. Intermediate macroeconomics discusses numerous concepts and diagrams in order to finally show how aggregate supply (AS) and aggregate demand (AD) are derived in an economy. A further learning objective defined for the intermediate macroeconomics course is to enable students to investigate the overall effects of macroeconomic policies on AS and AD in the economy. In order to better attain the aforementioned learning objectives, the present paper proposes a visual ¡°big picture¡± which can be applied as a pedagogical tool in teaching intermediate macroeconomics classes. This visual ¡°big picture¡± logically connects twenty-seven macroeconomic diagrams which are usually introduced in the intermediate macroeconomics course, and also describes the general pattern and overall structure of macroeconomics in terms of four separate markets in a visual way, namely labor market, capital market, money market, and goods market. Finally, it is suggested that this visual ¡°big picture¡± should be provided to the students taking the course of intermediate macroeconomics so that they can readily grasp the logical order of the concepts and the underlying complex structure of the markets that are discussed in the course.

Keywords: intermediate macroeconomics; neoclassical and keynesians IS/LM/AS/AD models; aggregate supply; aggregate demand (search for similar items in EconPapers)
JEL-codes: R00 Z0 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
http://ccsenet.org/journal/index.php/ijef/article/view/61422/33626 (application/pdf)
http://ccsenet.org/journal/index.php/ijef/article/view/61422 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ibn:ijefaa:v:8:y:2016:i:9:p:234-248

Access Statistics for this article

More articles in International Journal of Economics and Finance from Canadian Center of Science and Education Contact information at EDIRC.
Bibliographic data for series maintained by Canadian Center of Science and Education ().

 
Page updated 2020-06-18
Handle: RePEc:ibn:ijefaa:v:8:y:2016:i:9:p:234-248