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Peter Kennedy
''A big picture for teaching macroeconomics principles''
( 2008, Vol. 1 No.1 )
The economy can be viewed as consisting of four sectors, the goods and services, labor, monetary, and international sectors, with overall equilibrium consisting of simultaneous equilibrium in each of these sectors. Interactions among these markets headaches for students. The “big picture” of this paper is a verbal story (supplemented with an oversimplified diagram) that an instructor can tell to exposit this to beginning students. Furthermore, by explaining how these headaches are minimized students are provided an overview of how a typical macroeconomics principles course is structured.
Keywords: aggregate demand curve
JEL: A2 - Economics Education and Teaching of Economics: General
Manuscript Received : Dec 20 2007 Manuscript Accepted : Jan 05 2008

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