Teaching Quantitative Macroeconomics to Undergraduate Students Using the Solow Model: An Application to Post-WWII Japan

Autor/in	Neumuller, Seth
Titel	Teaching Quantitative Macroeconomics to Undergraduate Students Using the Solow Model: An Application to Post-WWII Japan
Quelle	In: Journal of Economic Education, 54 (2023) 4, S.349-363 (15 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0022-0485
DOI	10.1080/00220485.2023.2214542
Schlagwörter	Macroeconomics; Undergraduate Students; Prediction; Teaching Methods; Foreign Countries; Economics Education; Models; Japan + Suchen Sie Ihr Suchwort? Makroökonomie; Vorhersage; Teaching method; Lehrmethode; Unterrichtsmethode; Ausland; Wirtschaftskunde; Analogiemodell
Abstract	The author of this article demonstrates how the unified approach to answering economic questions employed in modern quantitative macroeconomics research can be taught to undergraduate students using the Solow model. Through an application to post-WWII Japan, students get hands-on experience with (1) documenting empirical facts, (2) developing a model, (3) comparing the quantitative predictions of a model to the data, and (4) using a model as a laboratory to run counterfactual "experiments." This application thus offers instructors a low-cost way to "bridge the gap" between the content typically covered at the intermediate undergraduate level and the tools and methods commonly used by macroeconomists in their everyday research. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01