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The design and use of macroeconomics simulation using maple software: A pilot study

Hal Snarr () and Steven C. Gold

MPRA Paper from University Library of Munich, Germany

Abstract: The mathematical models used in intermediate macroeconomics have become increasingly more sophisticated and challenging for students to learn. This paper demonstrates how mathematics software, such as Maple, can be used to design a simulation as a pedagogical aid. The paper proceeds by developing a system of equations to model the economy, simulating the system with Maple, and illustrating the impacts of fiscal and monetary policy changes. A pilot test of the simulation was performed to see if higher levels of mathematical rigor could be introduced in a principles course. The results indicate that symbolic mathematics software can be an effective teaching and student learning tool.

Keywords: Economics instruction; macroeconomic simulation; Maple software (search for similar items in EconPapers)
JEL-codes: E62 A22 C02 (search for similar items in EconPapers)
Date: 2005-11-01
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