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Is Cash Dead? Using Economic Concepts To Motivate Learning and Economic Thinking

Philip Gunby () and Stephen Hickson ()
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Stephen Hickson: University of Canterbury, http://www.canterbury.ac.nz

Working Papers in Economics from University of Canterbury, Department of Economics and Finance

Abstract: Simple but neglected concepts such as the velocity of circulation are ideal to open up discussions in macroeconomics classes, in this case about why the demand for money may rise or fall and about the likelihood of a cashless society. First, we review the history of the velocity of circulation. Next, we provide details of a research exercise in an undergraduate macroeconomics course. This exercise includes students searching for data on financial and monetary systems and national accounts. Data sources and links are provided for different countries. We also explain how such an exercise can be used to further Excel skills of students. Finally, we discuss our experiences from this exercise, including student feedback about the exercise from a survey we conducted.

Keywords: Teaching Macroeconomics; Velocity of Circulation; Cashless Society; Undergraduate Research. (search for similar items in EconPapers)
JEL-codes: A22 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-his, nep-mon, nep-pay and nep-pke
Date: 2018-09-01
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http://www.econ.canterbury.ac.nz/RePEc/cbt/econwp/1810.pdf (application/pdf)

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Working Paper: Is Cash Dead? Using Economic Concepts To Motivate Learning and Economic Thinking (2016) Downloads
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