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Full-Text Articles in Education
What Should We Teach In Intermediate Macroeconomics?, Dean D. Croushore
What Should We Teach In Intermediate Macroeconomics?, Dean D. Croushore
Economics Faculty Publications
The major focus of a course in Intermediate Macroeconomics is building and understanding macroeconomic models and how they work. The course is the most analytical course in the curriculum and should lead students to embark on deep thinking about models and equilibrium. Students learn the essentials of a model and develop the concept of how to simplify a model to understand key concepts. Once the core of a model is developed, additional model features can be added to increase realism. Perhaps the most important macroeconomic concept in the course is that of general equilibrium—students learn to go beyond examining initial …
Teaching Courses In Macroeconomics And Monetary Policy With Bloomberg Analytics, Dean D. Croushore, Hossein S. Kazemi
Teaching Courses In Macroeconomics And Monetary Policy With Bloomberg Analytics, Dean D. Croushore, Hossein S. Kazemi
Economics Faculty Publications
In this article, the authors illustrate the use of Bloomberg for analyzing topics in macroeconomics and monetary policy in economics and finance courses. The hands-on experience that students gain from such a course has many benefits, including deeper learning and clearer understanding of data. The authors describe goals and learning objectives, then compare Bloomberg with Federal Reserve Economic Data (FRED). In addition, they provide examples of how to use Bloomberg in the classroom, describe how to have students perform sector analysis, show how Bloomberg tools are useful for analyzing monetary policy, discuss how to use Bloomberg to analyze the financial …
Sustainability In The Curriculum And Teaching Of Economics: Transforming Introductory Macroeconomics, Madhavi Venkatesan
Sustainability In The Curriculum And Teaching Of Economics: Transforming Introductory Macroeconomics, Madhavi Venkatesan
Economics Faculty Publications
Present models of economic growth primarily focus on the role of expenditures as captured in the commonly cited economic indicator, gross domestic product (GDP), where GDP is defined as the sum of final goods and services sold within a country’s natural borders. Noting that a country’s expenditures are referred to as “aggregate expenditures” and that the majority of spending is specific to consumption or consumer spending, especially in the United States where this spending category is nearly two-thirds of annual GDP (other expenditure categories for GDP include investment spending, government spending and foreign spending as proxied by net exports), there …
Economic Perspectives Of Indigenous Knowledge Systems, Technology Transfer And Rural Water Use In Darfur, Issam A.W. Mohamed Professor
Economic Perspectives Of Indigenous Knowledge Systems, Technology Transfer And Rural Water Use In Darfur, Issam A.W. Mohamed Professor
Professor Issam A.W. Mohamed
Civil strife, human sufferings are the signs pronounced by international media. There are political ramifications of the Darfur crisis, however, there are also the problems of water availability and methods of utilization. The current paper analyzes field data survey collected from the town of Kutum, Northern Darfur where the civil crisis started. The focus is on studying methods and utilization efficiency in the area. It is concluded here that it is important to revise technological transfer to me integrated with the indigenous knowledge for better and sustainable water use in Kutum, Darfur.
Effects Of Multicollinearity On The Estimation Of Macroeconomic Variables: Using Data From Sudan, Professor Issam A.W. Mohamed
Effects Of Multicollinearity On The Estimation Of Macroeconomic Variables: Using Data From Sudan, Professor Issam A.W. Mohamed
Professor Issam A.W. Mohamed
The problem of multicollinearity in the assessments of coefficients is well established. However, it is rarely researched in the estimations of macroeconomic variables and economic performance of developing countries. Predicatively, it has impacts on the estimations of coefficients that should be used in economic decisions, strategic planning and if researchers are more industrious estimations of monetary supplies and demands. All such parameters are very basic and essential in economic plannings and their applications should be done not only in research but in ground applications of the specialized authorities, e.g., Ministries of Finance, Central Banks, Pricing Units, etc. However, that is …
Macroeconomic Effects Of Foreign Currency Exchange Rates On Savings Attitudes In Sudan, Professor Issam A.W. Mohamed
Macroeconomic Effects Of Foreign Currency Exchange Rates On Savings Attitudes In Sudan, Professor Issam A.W. Mohamed
Professor Issam A.W. Mohamed
The impacts of fluctuations of exchange rates of foreign hard currencies are well documented in economics literature. There are measures taken over by countries to absorb their impacts on income, employment and national economies ability to function and produce. However, distortions are observed in underdeveloped and developing countries. Sudan is among those where impacts of fluctuations in exchange rates versus national currencies are strongly observed and felt on its economy. In the past three decades they represented the highest effects on real money's value, had macroeconomic impacts, affect the prices of productive inputs, produced commodities and the economy's performance. The …