This blog is for discussing issues in our complex global economy.
Greg Mankiw’s article in tomorrow’s NY Times points out some changes we need to make when teaching economics.
I do think that economics should try and keep up with current events going on in our world. We are the future and should know what is going on in our world. To understand the concepts of economics we should put it to work on our daily lives. We hear about everything going on, but what exactly does it mean to us? We should still teach the bread and butter as the article called it, but try and incorporate things going on around us.
I would have to agree with the Harvard professor for the simple fact that staying current is very important but at the same time never forgetting the basic that remain the same. The students are the future and its important that we recieve the knowledge to lead and understand the economic crisis that are confronting us.
staying basic is always the key to learning i think. as much as it is important to stay present it is more important to know the basics of our study. it is important that we make sure our kids get the important stuff when learning.
I agree teaching the basic or foundation is the best way to be informed about the current economic situations. How can a person understand what is currently going on if he/she do not understand the bread and butter.
While an introductory course to economics definitely needs to establish the basic principles of macro/micro-economics, it should also aim to tie in real world examples. When I took my first macroeconomics class in college, many concepts became clear only after my professor demonstrated how abstract principles function in real-world economics. Ultimately, the bad reputation (ahem, “boring”) of introductory economics classes is due to their seemingly useless topics. When a professor shows his students how and why economics is so relevant in more areas than just financial institutions, we can really appreciate the universal principles of economics.
I agree on keeping up with current events and seeing micro/macro principles in action as it relates to the current events that impact our lives. Now, although I feel that this is important, it is equally important to not forget the basics which will lay the foundation for better understanding of more andvanced concepts.
Times have changed, and I agree that we need to better incorporate current events in the curriculum. There is no forever-lasting universal textbook on economics. The economy changes every day. I believe it is the responsibility of the professor to present current events to the students and help them apply these to the basic from the textbook. There is a reason that the horse was held up to the letter H.. real world examples are extremely helpful!
I suppose this blog is supposed to be a new way of teaching economics, while I agree social interaction and opinion is important to stimulate the thinking critically process, the facts have to still remain the same. This I still feel is the most important, I secondly feel though that times change, everyone knows that the only way we truly learn from economics is from real world scenarios, and what better time than NOW, to learn from these crushing dilemmas. Certain adjustments need to be tweeked, to the still vital fundamentals of economics.
I think that economics is really important and that every student should take it as a course. But, i also think that economics is easier for some students and harder for others. Personally, economics is like another language to me and so i need someone to go through the steps very very slowly. That is something that i would recommend for teachers, to go through the teachings slowly so the students have a better understand.
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