Publication Title
Journal of Economic Education
Document Type
Article
Department or Program
Economics
Publication Date
1-1-2023
Keywords
Economic pedagogy, financial crises, Great Recession, undergraduate economics education
Abstract
The authors describe an undergraduate economics elective focused on the Great Recession and the recession resulting from the COVID-19 pandemic. They have taught the course with great success at both liberal arts colleges and research universities and at all levels of the curriculum ranging from a first-year seminar to an upper-level elective. They present a roadmap for instructors interested in offering the class. Although intermediate macroeconomics is assumed as a prerequisite, the authors discuss how they have adapted the class for students with different backgrounds. The course is divided into seven units: the housing bubble and asset pricing, housing policy and history, propagation and panic, monetary policy, fiscal policy, aftermath and international perspectives, and the macroeconomics of COVID-19. Sample assignments and readings are both provided.
Recommended Citation
Marshall, E.C. and Shea, P. 2022. "Teaching an undergraduate elective on the Great Recession (and the COVID-19 recession too)." Journal of Economic Education. 54(1): 76-93. https://doi.org/10.1080/00220485.2022.2144575
Copyright Note
This is the author's version of the work. This publication appears in Bates College's institutional repository by permission of the copyright owner for personal use, not for redistribution.
Required Publisher's Statement
This is an Accepted Manuscript of an article published by Taylor & Francis in Journal of Economic Education on 19 Dec 2022, available at: https://doi.org/10.1080/00220485.2022.2144575.