The Candy Price Index and the Gumball Domestic Product (Ruediger & Batova)May 29, 2020
Teaching High School Microeconomics Using the 2020 COVID-19 Pandemic (Marks, Zirkle & Shanks)December 11, 2020
The COVID-19 pandemic offers a real-world framework to teach basic macroeconomics. Decreases in economic activity led to severe downturns in economic growth and increased unemployment. Both fiscal and monetary policies were used to limit the magnitude of the contraction, with continued conversations about additional stimulus. Since states re-opened in June, it is unclear what the new long-run equilibrium related to aggregate supply and demand will look like. What is clear is that the price tag to taxpayers will be substantial, with implications on the national debt. Content is written with high school economics and government classrooms in mind.
Melanie Marks, David Zirkle, Montana Shanks, and Emily Moran