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Teaching macroeconomics

Research output: Contribution to journalArticlepeer-review

Original languageEnglish
Pages (from-to)29-32
Number of pages4
JournalEconomic and Political Weekly
Volume53
Issue number24
Accepted/In press4 Jun 2018
Published16 Jun 2018

Documents

King's Authors

Abstract

The Economy presents a new approach to teaching macroeconomics. It starts from real-life institutions of macroeconomic policy management, teaching models that engage directly with these institutions. Money and monetary policy are explained in the context of modern banking systems, while the Phillips curve is derived from the labour market model. By emphasising empirical applicability, and the linkages with microeconomics, it provides students with a more intuitive and realistic understanding than standard approaches.

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