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Teaching Macro Principles After The Financial Crisis

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Executive Summary

The stunning events of 2007-2009 both shook the world and piqued interest in economics. In the 30-plus years that the author has been teaching macro principles, the author has never seen the level of interest in students as high as what the author observed last year - rapt attention and no sleepers! Interest in economics has grown, and the students will want, expect, and deserve explanations of these events for years to come. This is truly a teaching moment, and that "Moment" is going to be a long one. That's the good news. The bad news is that the current curriculum fails to give students even imperfect answers. This means that the macro principles course will have to be changed.

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