Abstract
We leverage the quantity theory of money in teaching because it represents well the big picture of macroeconomics and the relationships between key macroeconomic variables, providing a simple intuition and unified framework. To spark interest, we design authentic learning activities that begin with the opening minutes of the Federal Open Market Committee (FOMC) press conference. Then, we illustrate in a simple classroom experiment how quantity theory works and why it relates to the FOMC decisions. To further equip students with macro data interpretation skills, we assign group presentations on economic outlook for non-US countries.
Recommended Citation
(2026)
"Teaching Principles of Macroeconomics in One Equation,"
Journal of Economics and Finance Education: Vol. 24:
Iss.
1, Article 8.
Available at:
https://scholarship.rollins.edu/jefe/vol24/iss1/8
