The design and use of macroeconomics simulation using maple software: A pilot study

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.

Abstract

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
• Language: English
• 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

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