Teaching Economic Growth Theory with Data

Autor/inn/en	Elmslie, Bruce T.; Tebaldi, Edinaldo
Titel	Teaching Economic Growth Theory with Data
Quelle	In: Journal of Economic Education, 41 (2010) 2, S.110-124 (15 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0022-0485
Schlagwörter	Economic Progress; Undergraduate Students; Economics Education; Macroeconomics; Teaching Methods; Mathematics Skills; Mathematical Concepts; Relevance (Education); Measurement; Models; Economic Impact; Productivity; Theory Practice Relationship; Theories; Spreadsheets; Lesson Plans; Assignments; Government (Administrative Body); Government Employees; Ethics; Integrity; Data Analysis; Comparative Analysis; Correlation + Suchen Sie Ihr Suchwort? Economic growth; Wirtschaftswachstum; Wirtschaftskunde; Makroökonomie; Teaching method; Lehrmethode; Unterrichtsmethode; Mathmatics achievement; Mathematics ability; Mathematische Kompetenz; Relevance; Relevanz; Messverfahren; Analogiemodell; Ökonomische Determinanten; Produktivität; Theorie-Praxis-Beziehung; Theory; Theorie; Spread sheet; Spredsheets; Spreadsheet; Tabellenkalkulation; Lesson planning; Unterrichtsplanung; Assignment; Auftrag; Zuweisung; Government; Regierung; Ethik; Integrität; Auswertung; Korrelation
Abstract	Many instructors in subjects such as economics are frequently concerned with how to teach technical material to undergraduate students with limited mathematical backgrounds. One method that has proven successful for the authors is to connect theoretically sophisticated material with actual data. This enables students to see how the theory relates to the real world, allowing for a deeper understanding of both. The authors developed a simple and insightful empirical application of the Solow growth model that can be used in an undergraduate macroeconomics or economic growth course. The exercise uses a data set on perception of corruption levels by country to look at the relationship between corruption and the level and rate of growth of output per worker across 70 countries. The results not only allow students to see for themselves the impact that corruption has on gross domestic product per worker but also improve their understanding of the distinction between level effects and long-run growth effects. (Contains 4 figures and 12 notes.) (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10