The Macro Pedagogy Debate: Teaching DSGE to Undergraduates Symposium

Mark Setterfield

The Journal of Economic Education, 2018, vol. 49, issue 3, 237-241

Abstract: Introducing DSGE modelling into undergraduate macroeconomics would be a mistake. DSGE modelling hasn't served the profession well, and won't enhance an undergraduate curriculum that is overwhelmingly populated by students who don't intend to pursue graduate training in economics. Undergraduate macro would be better served by focusing on basic tools and concepts, and by conveying to students a sense of the economy's complexity and the challenges this presents to good policy making.

Date: 2018
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DOI: 10.1080/00220485.2018.1464991

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