Publication Title

Journal of Economic Education

Document Type


Department or Program


Publication Date



Economic pedagogy, financial crises, Great Recession, undergraduate economics education


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.

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:

Available for download on Saturday, June 01, 2024