The author analyzes the inflation-targeting model that underlies recent textbook expositions of the aggregate demand-aggregate supply approach used in introductory courses in macroeconomics. He shows how numerical simulations of a model with inflation inertia can be used as a tool to help students understand adjustments in response to demand and…

The authors present a constructivist approach for teaching game theory, on the basis, in part, of Axelrod's research approach. Using the Axelrod tournament multi-user system (ATMUS) software, students create strategies for a repeated prisoner's dilemma (RPD). Later, these strategies are matched with those of their classmates' in a classroom…

Describes the development of two interactive computer simulations which were fully integrated with other course materials. The simulations illustrate the effects of various real and monetary "demand shocks" on aggregate income, interest rates, and components of spending and economic output. Includes an evaluation of the simulations'…

Describes the disadvantages of using "canned" simulations as a part of an undergraduate economics course. Identifies four advantages of having students develop their own computer simulation models. Outlines the model-building process and displays a sample program. (JDH)

This article describes an economic model dealing with the demand for money and a microcomputer program which enables students to experiment with cash management techniques. By simulating personal experiences, the program teaches how changes in income, interest rates, and charges for exchanging bonds and cash affect money demand. (Author/JDH)

This paper recommends the use of a computer simulation about trade and tariff negotiations to reinforce and apply principles learned in undergraduate international trade courses and to provide students with an opportunity to use the advanced features of Symphony, a computer spreadsheet. This simulation is a game in which both the class and…

Illustrates different types of opportunities for using computer assisted instruction (CAI) on personal computers in the teaching of economics with four examples of currently available software. Describes the difficulties in providing and supporting CAI, and concludes with an analysis of the difficulties caused by the "public goods character" of…

Discusses a program in Belgium which studied the use of computers as teaching devices for economics and business education in secondary schools. Describes three courses in which the computer is used as a source of information, as a tool for computer assisted instruction, and as a tool for simulation. (GEA)

Investigates the growing popularity of computerized economic modeling as a computer-assisted instructional aid and the associated educational benefits. Provides an overview of current modeling, simulation, and econometrics programs and attempts to identify trends in computer-assisted instruction in economics. (Author/GEA)

Money, banking, and macroeconomic textbooks traditionally present the topics of money, the creation of demand deposits by depository institutions, and the Hicksian-Keynesian Theory of Income and Interest separately, as if they were unrelated. This paper presents an integrated approach to those subjects using computer programs written in BASIC, the…

This paper describes a rationale for the construction and use of a simple consistency model of the Zimbabwean economy that incorporates an input-output matrix. The model is designed to investigate alternative industrial strategies and their consequences for the balance of payments, consumption, and overall gross domestic product growth for a…

A computer program and simulations that can be used to help college economics students understand dynamic economic processes are described. (RM)

Fiscal and monetary policies taught in macroeconomic principles courses are concepts that might require both lecture and simulation methods. The simulation models, which apply the principles gleened from comparative statistics to a dynamic world, may give students an appreciation for the problems facing policy makers. This paper is a report of a…

The principle of the multiplier-accelerator interaction is explained, and how a computer program to model it can be developed is shown. A series of simulations that can be used to explore the model's behavior are suggested. The simulations can be used in college-level economics classes. (Author/RM)

An increasing number of non-statistical software packages are being written as supplementary instructional materials provided free or at low cost for economics principles textbooks. This paper reviews the software programs currently available as ancillary material to several major texts and compares what is available as a group against what should…