DOI

10.1080/00220485.2019.1618770

Abstract

The major focus of a course in Intermediate Macroeconomics is building and understanding macroeconomic models and how they work. The course is the most analytical course in the curriculum and should lead students to embark on deep thinking about models and equilibrium. Students learn the essentials of a model and develop the concept of how to simplify a model to understand key concepts. Once the core of a model is developed, additional model features can be added to increase realism. Perhaps the most important macroeconomic concept in the course is that of general equilibrium—students learn to go beyond examining initial effects to determine adjustments that lead to long-run equilibrium.

Document Type

Post-print Article

Publication Date

2019

Publisher Statement

Copyright © 2019 Routledge. Article first published online: June 2019.

DOI: 10.1080/00220485.2019.1618770.

The definitive version is available at:

https://www.tandfonline.com/doi/full/10.1080/00220485.2019.1618770.

Please note that downloads of the article are for private/personal use only.

Full Citation:

Crushore, Dean. "What Should We Teach in Intermediate Macroeconomics?" The Journal of Economic Education 50, no. 3 (2019): 265-268. https://doi.org/10.1080/00220485.2019.1618770.

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Available for download on Saturday, May 01, 2021

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