Competitive vs Cumulative Approach in Teaching Macroeconomics: Some Thoughts on Recent Popular Textbooks

Emilio Carnevali

doi:10.13133/2037-3643/17785

Competitive vs Cumulative Approach in Teaching Macroeconomics: Some Thoughts on Recent Popular Textbooks

Emilio Carnevali^*

^*Corresponding author for this work

Research output: Contribution to journal › Review article › peer-review

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Abstract

This paper critically evaluates two different approaches to teaching macroeconomics at the undergraduate level through the comparison of two popular, recent handbooks: Olivier Blanchard’s Macroeconomics (2021) and William Mitchell, Randall Wray and Martin Watts’s Macroeconomics (2019). These textbooks are taken as benchmarks of two opposite views of the discipline: the cumulative – that is, followed by Blanchard and most “mainstream” textbooks – as opposed to the competitive view.

Original language	English
Pages (from-to)	161-171
Number of pages	12
Journal	PSL Quarterly Review
Volume	75
Issue number	301
Early online date	29 Jun 2022
DOIs	https://doi.org/10.13133/2037-3643/17785
Publication status	Published - Jun 2022

Keywords

Teaching of economics
monetary policy
IS-LM model

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.13133/2037-3643/17785Licence: CC BY-NC-ND

17785-Article Text-37527-1-10-20220629Final published version, 315 KBLicence: CC BY-NC-ND
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Cite this

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title = "Competitive vs Cumulative Approach in Teaching Macroeconomics: Some Thoughts on Recent Popular Textbooks",

abstract = "This paper critically evaluates two different approaches to teaching macroeconomics at the undergraduate level through the comparison of two popular, recent handbooks: Olivier Blanchard{\textquoteright}s Macroeconomics (2021) and William Mitchell, Randall Wray and Martin Watts{\textquoteright}s Macroeconomics (2019). These textbooks are taken as benchmarks of two opposite views of the discipline: the cumulative – that is, followed by Blanchard and most “mainstream” textbooks – as opposed to the competitive view.",

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AB - This paper critically evaluates two different approaches to teaching macroeconomics at the undergraduate level through the comparison of two popular, recent handbooks: Olivier Blanchard’s Macroeconomics (2021) and William Mitchell, Randall Wray and Martin Watts’s Macroeconomics (2019). These textbooks are taken as benchmarks of two opposite views of the discipline: the cumulative – that is, followed by Blanchard and most “mainstream” textbooks – as opposed to the competitive view.

KW - Teaching of economics

KW - monetary policy

KW - IS-LM model

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DO - 10.13133/2037-3643/17785

M3 - Review article

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JO - PSL Quarterly Review

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ER -

Competitive vs Cumulative Approach in Teaching Macroeconomics: Some Thoughts on Recent Popular Textbooks

Abstract

Keywords

UN SDGs

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