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Introducing Macroeconomics

On the agenda for September's EconEdChat were 3 questions:

1) How can we develop notetaking skills in students?

2) How can we introduce Macroeconomics?

3) How do we make the best use of homework?

This post focusses on the second question. You can view the first one here

References and Resources

We started by talking a bit about circular flow. The AQA guidance I mentioned is here, including a useful podcast. Andrew mentions the Phillips Machines, which are pretty cool, so if you haven't seen them before, be sure to check them out (see also this MONIAC machine). I've collected a bunch of resources on circular flow on this blog post.

Adam mentioned how Covid might affect our views on GDP as a measure. There is an interesting article from about how differences in GDP reporting during lockdown caused distortions when comparing the impact of such restrictions. The NY Times published a piece about how, even without these distortions between countries, it might not be the most useful measure in a pandemic. For more on Economics during Covid, you can check out CORE-Econ's Covid Collection

I think that's everything we referenced, but if we talk about something in the video and it's not clear, let me know and I'll add extra references!

Econ Ed Chat takes place the first Wednesday of the month at 6pm BST. All welcome.


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