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12 votes
4 answers
6k views

How does a national budget differ from a household budget?

We are often told by pundits that "Country X cannot spend more than they take in in revenue, because a house that makes A and spends B will always collapse if B>A". Essentially the siren calls of a ...
Jason Nichols's user avatar
8 votes
1 answer
441 views

Teaching changes in "demand" v. "quantity demanded"

I am always struggling with teaching this one. The terminology of standard intro textbooks is unfortunate, although it's so pervasive that we probably have to live with it. By a "Demand", intro ...
Martin Van der Linden's user avatar
7 votes
5 answers
313 views

Current status and trends in the choice of software for teaching econometrics

My institution is updating some of its bachelor and master study programs in economics and business administration, and the question of choice of software for econometrics and related classes has come ...
Richard Hardy's user avatar
5 votes
1 answer
352 views

Learning post-keynesian and marxist economics

My question here is not about theory, but more about the teaching landscape. I'm currently learning economics in Canada, and I realize that the academic world is very homogeneous. I'm quite impressed ...
Alexandre Michaud's user avatar
5 votes
1 answer
319 views

Are simultaneous equation models out of fashion? Why?

According to Angrist & Pischke "Undergraduate econometrics instruction: Through our classes, darkly" (2017) Tables 2 and 3, econometrics textbooks deemphasized simultaneous equation ...
Richard Hardy's user avatar
5 votes
1 answer
148 views

Teaching: from Microeconomics to Open-economy macro

I am a new faculty teaching MBA courses. Presently, I am teaching International Financial Management (IFM) and Macroeconomics. I have prepared the syllabus of macroeconomics based on first 9 chapters ...
Polar Bear's user avatar
4 votes
1 answer
122 views

Economics of Health Textbook Recommendation

Was wondering if anyone who has taught a class on health economics could give some background on which textbook they used for their class and why. It seems like "Healthy Economics" by Bhattacharya, ...
corran_horn's user avatar
4 votes
2 answers
260 views

Applied financial econometrics textbook

I am looking for an applied financial econometrics textbook. There are plenty of textbooks that present time series models used in financial econometrics but few of them put any emphasis on ...
Richard Hardy's user avatar
3 votes
3 answers
873 views

Is there really an "efficient equilibrium *price*" with externalities?

In the "Intro to Micro" approach to externalities, I've always felt uneasy as a teacher with the idea that there is something like an "efficient equilibrium" with a single "efficient price". To keep ...
Martin Van der Linden's user avatar
3 votes
1 answer
146 views

Do Hong Kong highschool teachers earn more than Hong Kong quants?

According to Teach in Hong Kong, Hong Kong highschool teachers earn around HK\$23,530 to HK\$54,665 (approximately \$3,000-\$7,000 USD) per month while CUHK's Quantitative Finance Graduates Face ...
BCLC's user avatar
  • 370
3 votes
1 answer
148 views

Explaining structural v. reduced-form

Consider your audience is Econ 101 students. You want to explain structural models and reduced-form models as easily as possible. What prime examples (e.g., seminal paper reference) would you give to ...
Frank Swanton's user avatar
2 votes
3 answers
1k views

Significance of circular flow diagram?

A staple of intro economics textbooks is the circular flow diagram. Example from Frank et al. (2019, Principles of Economics) What is the significance of the above diagram? One thing it can ...
user avatar
2 votes
1 answer
66 views

Articles on the definition of causality in Economics

I am looking for illustrative "soft" articles on the definition of causality of Economics. Something to assign as a reading in a causal inference course. Any ideas?
Papayapap's user avatar
  • 1,898
2 votes
1 answer
290 views

Tax revenue formula maximization- whats the name of this formula?

I have been teaching intermediate microeconomics and have come across a formula a number of times relating the tax rate at which revenue is maximized if elasticities are constant. This formula is ...
EconJohn's user avatar
  • 8,487
2 votes
2 answers
98 views

Textbooks for Teaching Intro Micro (Principles): What are the tradeoffs?

As a new AP, I'm assigned to teach Principles of Microeconomics. Different teaching mentors I've asked about course materials have mentioned different texts, but I'm having a hard time getting a sense ...
Michael Ricks's user avatar
2 votes
1 answer
294 views

Why is the IS-LM model taught?

my question is rather simple but I would like to know why the IS-LM model is still taught in from my experience most undergrad economics classes? My understanding is that the model is considered old ...
Jacob's user avatar
  • 21
1 vote
1 answer
93 views

Nicholson & Snyder V.S. Varian for teaching?

I will be teaching both Intermediate Micro 1 and 2 and would like to pick one textbook for both courses so students don't have to spend too much. I am inclined toward Nicholson & Snyder's ...
Galactic Economist's user avatar
1 vote
1 answer
28 views

Is there a digital MONIAC machine?

Is there an app/site that reproduces Philipp's MONIAC hydraulic machine and lets users experiment and learn (perhaps better that through simple video-watching)?
davidv's user avatar
  • 31
1 vote
0 answers
119 views

What are some good alternative textbooks in international trades for undergraduates other than 'Taylor & Feenstra' and 'Krugman, Obstfeld & Melitz'?

I've been referring to the textbooks International Economics by Alan M. Taylor and Robert C. Feenstra and International Trade: Theory and Policy by Marc Melitz, Maurice Obstfeld, and Paul Krugman ...
Hopeless Economist's user avatar
0 votes
1 answer
30 views

Illustrating difficulty to find dominant strategies: series of simple one-shot two-players games

For a game theory class I am prepping, I am looking for simple mathematical puzzles that can easily be presented as one-shot 2-players simultaneous games in which one of the players has a dominant ...
Martin Van der Linden's user avatar