prikaz prve stranice dokumenta Teaching behavioral macroeconomics—Examples and applications
No public access
Scientific paper - Original scientific paper
Teaching behavioral macroeconomics—Examples and applications
The Journal of Economic Education, 55 (2024), 3; 249-262. https://doi.org/10.1080/00220485.2024.2329139
Malešević Perović, Lena

Cite this document

Malešević Perović, L. (2024). Teaching behavioral macroeconomics—Examples and applications. The Journal of Economic Education, 55. (3), 249-262. doi: 10.1080/00220485.2024.2329139

Malešević Perović, Lena. "Teaching behavioral macroeconomics—Examples and applications." The Journal of Economic Education, vol. 55, no. 3, 2024, pp. 249-262. https://doi.org/10.1080/00220485.2024.2329139

Malešević Perović, Lena. "Teaching behavioral macroeconomics—Examples and applications." The Journal of Economic Education 55, no. 3 (2024): 249-262. https://doi.org/10.1080/00220485.2024.2329139

Malešević Perović, L. (2024) 'Teaching behavioral macroeconomics—Examples and applications', The Journal of Economic Education, 55(3), pp. 249-262. doi: 10.1080/00220485.2024.2329139

Malešević Perović L. Teaching behavioral macroeconomics—Examples and applications. The Journal of Economic Education [Internet]. 2024 March 25 [cited 2024 October 02];55(3):249-262. doi: 10.1080/00220485.2024.2329139

L. Malešević Perović, "Teaching behavioral macroeconomics—Examples and applications", The Journal of Economic Education, vol. 55, no. 3, pp. 249-262, March 2024. [Online]. Available at: https://urn.nsk.hr/urn:nbn:hr:124:355228. [Accessed: 02 October 2024]

Metadata
Title (english)Teaching behavioral macroeconomics—Examples and applications
AuthorLena Malešević Perović
Author's institutionUniversity of Split
Faculty of economics Split
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Macroeconomics
Abstract (english)
The author of this article provides an example of how one might incorporate behavioral economics into teaching macroeconomics or labor economics at an undergraduate level. The focus is on two macroeconomic concepts—wage determination and the Phillips curve—and shows that the implications and conclusions of both models differ from their textbook versions, once behavioral aspects are taken into account. In order to do that, the author first presents the standard macroeconomic model in both cases, then stresses situations where homo economicus, i.e., the rationality assumption, does not hold, and finally introduces behavioral economics concepts that explain noted differences. The explanations are intertwined with small classroom experiments that can be part of the lecture and used to make the lecture more interesting and comprehensible.
Keywords (english)
Languageenglish
Publication typeScientific paper - Original scientific paper
Publication statusPublished
Peer reviewPeer review - international
Publication versionPublished version
Journal titleThe Journal of Economic Education
Numberingvol. 55, no. 3, pp. 249-262
p-ISSN0022-0485
e-ISSN2152-4068
DOIhttps://doi.org/10.1080/00220485.2024.2329139
URN:NBNurn:nbn:hr:124:355228
Publication2024-03-25
Document URLhttps://www.tandfonline.com/doi/full/10.1080/00220485.2024.2329139
Type of resourceText
Access conditionsClosed access
Terms of useLicence In copyright icon
Created on2024-07-22 13:46:46