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- W2085307257 abstract "Consider the following question: Why do output and employment fluctuate in the short run? My purpose in this article is to show how the intermediate macroeconomics instructor can introduce students to the ways in which old Keynesians, new Keynesians, and new classical theorists of various stripes have addressed this question, without recourse to explicit macromodeling or to microeconomics beyond the principles level. By making use of an introductory-level microeconomic model of an economy's aggregate labor market, I show how the instructor can present-and directly compare and contrast-the insights of these schools of thought in a six-lecture classroom unit that can be embedded within several different types of one-semester intermediate macro courses. This approach can be used by (and is designed for) instructors whose students have only rudimentary mathematical tools and have not had intermediate microeconomics. The exclusive focus I place upon the aggregate supply side of the macroeconomy is a useful pedagogical technique that allows the instructor to introduce students to the principal competing schools of macro thought within six class periods.' To engage students in a comprehensive study of how these schools of" @default.
- W2085307257 created "2016-06-24" @default.
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- W2085307257 date "1997-01-01" @default.
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- W2085307257 title "Introducing Students to the Competing Schools of Thought in Intermediate Macroeconomics" @default.
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- W2085307257 doi "https://doi.org/10.1080/00220489709596745" @default.
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