Miles Cahill

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College of the Holy Cross

Materials Contributed through SERC-hosted Projects

Activity

Setting up a Keynesian cross model in Excel part of Starting Point: Teaching and Learning Economics:Teaching Methods:Teaching with Spreadsheets:Examples
In this assignment, students are guided through the process of setting up a standard Keynesian cross model in Microsoft Excel. Excel is used to solve for GDP (and other variables) using the "iteration" option so the model is entered just as it appears in a textbook. Students are then asked to use the spreadsheet to explore the model by answering a series of questions.

Other Contributions (6)

Teaching with Spreadsheets part of Pedagogy in Action:Library:Teaching with Spreadsheets
Created by Miles B. Cahill (College of the Holy Cross), with help from Humberto Barreto (Depauw University), Semra Kilic-Bahi (Colby-Sawyer College) and David Schodt (St. Olaf College). Significant material on ...

Estimating Okun's Law part of Starting Point: Teaching and Learning Economics:Teaching Methods:Teaching with Spreadsheets:Examples
This Principles or intermediate level macroeconomics Excel spreadsheet assignment shows students how to estimate the Okun's Law parameter and the potential GDP growth rate.

Using the Taylor rule to analyze monetary policy part of Starting Point: Teaching and Learning Economics:Teaching Methods:Teaching with Spreadsheets:Examples
In this exercise, students compute the federal funds rate target values of the Taylor (1993) monetary policy rule. The resulting data can be used to analyze policy during the various Federal Reserve regimes since 1970. For example, the Fed seemed to keep the inflation rate too low during the 1970s stagflation period, had a high target during the disinflation period of the 1980s, and may have kept the interest rate too low in the 2000s. The exercise replicates a key part of the Taylor (1993) paper and improves on it.

Exploring the Solow balanced growth model part of Starting Point: Teaching and Learning Economics:Teaching Methods:Teaching with Spreadsheets:Examples
In this laboratory or stand-alone assignment, students are led through the process of exploring a numerical example of the Solow (neoclassical) balanced growth model with productivity growth. Students construct and analyze time series plots of an example economy when critical parameter values are changed and observe the stability proof in action.

What would GDP have been in 2009 if growth didn't slow down in the 1970s? part of Starting Point: Teaching and Learning Economics:Teaching Methods:Teaching with Spreadsheets:Examples
In this Excel spreadsheet data assignment, students use the Fill command to project what the level of GDP would have been in the years 1973-2009 if the long-run GDP growth rate hadn't fallen in the 1970s. Students are asked to make comparisons between actual GDP and these "what if" data. This assignment can be used to motivate a number of discussions, including the importance of small differences in growth rates, the opportunities high growth provides, and others. The Fill command acts as a black box in that students do not need to understand compounding or geometric progressions.

Miles Cahill part of Starting Point: Teaching and Learning Economics:About this Project:Project Participants
Associate Professor Department of Economics College of the Holy Cross Worcester, MA 01610 mcahill@holycross.edu Phone: 508.793.2682 Fax: 508.793.3710 Background Information Miles B. Cahill is an Associate ...


Events and Communities

Developing Modules for Teaching Economics