Teaching Economics with Interactive Browser-Based Models
Juan Dominguez-Moran, Rouven Geismar
TL;DR
This paper presents browser-based interactive simulation tools for teaching macroeconomic models, enhancing online education by making complex concepts more accessible and intuitive for students.
Contribution
It introduces innovative, open-source browser-based models for key macroeconomic frameworks, supporting remote learning and understanding of economic concepts.
Findings
Enhanced student engagement with interactive models
Facilitated understanding of IS-LM, AD-AS, and Solow models
Open-source tools available for free online
Abstract
Interactive simulation toolkits come in handy when teaching macroeconomic models by facilitating an easy understanding of underlying economic concepts and offering an intuitive approach to the models' comparative statics. Based on the example of the IS-LM model, this paper demonstrates innovative browser-based features well-suited for the shift in education to online platforms accelerated by COVID-19. The free and open-source code can be found alongside the standalone HTML files for the AD-AS and the Solow growth model at https://gitlab.tu-berlin.de/chair-of-macroeconomics/.
Peer Reviews
No public reviews on file for this paper yet. If you reviewed it on a platform where reviews are public (OpenReview, ICLR, NeurIPS, ICML), you can paste yours below so the community can read it here.
Videos
No videos yet. Explain this paper in a talk, walkthrough, or lecture? Add one.
Taxonomy
TopicsInnovations in Educational Methods