Snarr, Hal W. and Gold, Steven C. (2005): The design and use of macroeconomics simulation using maple software: A pilot study. Published in: Developments in Business Simulation and Experiential Learning , Vol. 33, (2006): pp. 253-262.
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The mathematical models used in intermediate macroeconomics have become increasingly more sophisticated and challenging for students to learn. This paper demonstrates how mathematics software, such as Maple, can be used to design a simulation as a pedagogical aid. The paper proceeds by developing a system of equations to model the economy, simulating the system with Maple, and illustrating the impacts of fiscal and monetary policy changes. A pilot test of the simulation was performed to see if higher levels of mathematical rigor could be introduced in a principles course. The results indicate that symbolic mathematics software can be an effective teaching and student learning tool.
|Item Type:||MPRA Paper|
|Original Title:||The design and use of macroeconomics simulation using maple software: A pilot study|
|Keywords:||Economics instruction; macroeconomic simulation; Maple software|
|Subjects:||E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E62 - Fiscal Policy
A - General Economics and Teaching > A2 - Economic Education and Teaching of Economics > A22 - Undergraduate
C - Mathematical and Quantitative Methods > C0 - General > C02 - Mathematical Methods
|Depositing User:||Hal W. Snarr|
|Date Deposited:||03. Mar 2012 19:19|
|Last Modified:||12. Feb 2013 12:59|
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