Bringing Undergraduate Macroeconomics Teaching Up to Date

Simon Wren-Lewis

Chapter 2 in Macroeconomic Theory and Macroeconomic Pedagogy, 2009, pp 36-54 from Palgrave Macmillan

Abstract: Abstract I have taught a core graduate macroeconomics course ever since I became an academic in 1990, and I often start it by saying that the subject matter is pretty similar to undergraduate macroeconomics: what determines inflation, output, the exchange rate, etc. The difference, I suggest, is that the macroeconomics you learn as a graduate student is only slightly out of date, whereas the macroeconomics taught at undergraduate level is 30 years out of date. I say this in a joking way, but unfortunately the statement contains more than a grain of truth.

Keywords: Exchange Rate; Interest Rate; Monetary Policy; Central Bank; Real Exchange Rate (search for similar items in EconPapers)
Date: 2009
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DOI: 10.1007/978-0-230-29166-9_3

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