Teaching an undergraduate elective on the Great Recession (and the COVID-19 recession too)

Emily Marshall and Paul Shea

The Journal of Economic Education, 2023, vol. 54, issue 1, 76-93

Abstract: The authors describe an undergraduate economics elective focused on the Great Recession and the recession resulting from the COVID-19 pandemic. They have taught the course with great success at both liberal arts colleges and research universities and at all levels of the curriculum ranging from a first-year seminar to an upper-level elective. They present a roadmap for instructors interested in offering the class. Although intermediate macroeconomics is assumed as a prerequisite, the authors discuss how they have adapted the class for students with different backgrounds. The course is divided into seven units: the housing bubble and asset pricing, housing policy and history, propagation and panic, monetary policy, fiscal policy, aftermath and international perspectives, and the macroeconomics of COVID-19. Sample assignments and readings are both provided.

Date: 2023
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DOI: 10.1080/00220485.2022.2144575

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