Teaching Economics with Excel

Description

While the content of the typical undergraduate economics course has remained stable in recent decades, computers have become more powerful, easier to use, and as common as pencil and paper. In spite of these developments, teaching methods in the classroom remain virtually unchanged, with chalk-and-talk the dominant mode of delivery. This workshop will demonstrate how to utilize computer-based, active learning techniques to teach economics.

On the first day, we will work intensively with several Excel add-ins that have wide application, including: performing comparative statics analyses, running Monte Carlo simulations, downloading data directly into Excel from the St. Louis Fed's FRED database, and exploring long-run, global trends in real GDP per person with Maddison's World Economy data. The morning of the second day is devoted to microeconomic applications with prepared, macro-enabled workbooks on Consumer Theory (including classic examples such as food stamps and Giffen goods), firm cost-minimization and profit-maximization (with perfect competition, monopoly and duopoly), and partial and general equilibrium analyses of markets as resource allocation mechanisms. The afternoon session will focus on macroeconomics. A carefully constructed Excel implementation of the Solow Model enables clear explanation of sophisticated concepts such as the Golden Rule and how technological progress produces growth in the steady-state. Finally, a series of short-run, Keynesian models are built from the ground up, from a simple Keynesian Cross to an ISLM Model and an ISLMADAS Model.

This professional development will enable participants to create new course materials and content. Individual lectures, lab components, or entire courses can be reworked and enhanced, including flipping the classroom. Each day concludes with time for participants to explore workbooks and ideas on their own, with consultation if needed.

Dates and Location

May 28 - 29, 2015 on the mezzanine level at the University of Edinburgh's Appleton Tower.

We will begin on Thursday, May 28, 2015 at 10:00 AM and the second day's session will start at 9:00 AM. We will follow the schedule below.

Schedule

2015 Schedule JPEG image

 

Previous Workshops

Click on a date below to see a list of participants, comments, photos, and a description of that year's workshop:

June 13 - 14, 2014

June 12 - 14, 2013

June 13 - 15, 2012

June 22 - 24, 2011

June 16 - 18, 2010


You can also view a map of all Econ Excel Workshop Home Institutions. Faculty from small liberal arts colleges to large state universities and a few international institutions have attended.

Bio

Dr. Barreto is interested in using computers (especially Microsoft Excel) to improve the teaching and learning of economics. He is the Elizabeth P. Allen Distinguished University Professor at DePauw University and author, with Frank M. Howland, of Introductory Econometrics using Monte Carlo Simulation with Microsoft Excel (Cambridge University Press, 2006) and Intermediate Microeconomics with Microsoft Excel (Cambridge University Press, 2009). He has been a Fulbright Scholar, won several teaching awards, and has presented the materials used in this workshop at many colleges and universities around the world.  His current project is Teaching Macroeconomics with Excel.

Questions and Sign Up

Email hbarreto@depauw.edu if you have questions or would like further information. Participants will be accepted on a first-come-first-served basis.

To reserve a seat, please resgister at this Doodle sign-in page.

Last Updated: 17 Feb 2015