Teaching macroeconomics through flowcharts

Yaniv Reingewertz

doi:10.1016/j.iree.2013.10.004

Teaching macroeconomics through flowcharts

Research output: Contribution to journal › Article › peer-review

Abstract

Flowcharts are an invaluable tool for explaining complex mechanisms. They are used in Biology, Chemistry and many other disciplines as a teaching tool, as well as in research. However, flowcharts are hardly used in economics. This paper suggests that flowcharts could supplement graphs and algebra in the teaching of economics, especially in undergraduate courses. In order to demonstrate their effectiveness the paper presents a series of flowcharts that describe the IS-LM/AD-AS model. These flowcharts could be used in various undergraduate courses in macroeconomics, as a supplement to the standard IS-LM and AD-AS graphs.

Original language	English
Pages (from-to)	86-93
Number of pages	8
Journal	International Review of Economics Education
Volume	14
DOIs	https://doi.org/10.1016/j.iree.2013.10.004
State	Published - Sep 2013
Externally published	Yes

Keywords

Economics education
Flowchart
Macroeconomics
Teaching of economics

ASJC Scopus subject areas

Education

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10.1016/j.iree.2013.10.004

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title = "Teaching macroeconomics through flowcharts",

abstract = "Flowcharts are an invaluable tool for explaining complex mechanisms. They are used in Biology, Chemistry and many other disciplines as a teaching tool, as well as in research. However, flowcharts are hardly used in economics. This paper suggests that flowcharts could supplement graphs and algebra in the teaching of economics, especially in undergraduate courses. In order to demonstrate their effectiveness the paper presents a series of flowcharts that describe the IS-LM/AD-AS model. These flowcharts could be used in various undergraduate courses in macroeconomics, as a supplement to the standard IS-LM and AD-AS graphs.",

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AB - Flowcharts are an invaluable tool for explaining complex mechanisms. They are used in Biology, Chemistry and many other disciplines as a teaching tool, as well as in research. However, flowcharts are hardly used in economics. This paper suggests that flowcharts could supplement graphs and algebra in the teaching of economics, especially in undergraduate courses. In order to demonstrate their effectiveness the paper presents a series of flowcharts that describe the IS-LM/AD-AS model. These flowcharts could be used in various undergraduate courses in macroeconomics, as a supplement to the standard IS-LM and AD-AS graphs.

KW - Economics education

KW - Flowchart

KW - Macroeconomics

KW - Teaching of economics

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JO - International Review of Economics Education

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ER -

Teaching macroeconomics through flowcharts

Abstract

Keywords

ASJC Scopus subject areas

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