Material Detail

This module is designed to teach students that the Phillips Curve, which shows a tradeoff between unemployment and inflation in the short run, is a theoretical concept that really exists in real life and is substantiated by real macroeconomic data. At the same time, it is hard for economist to prescribe the right Fiscal and/or Monetary policies to fight one problem, for fear of creating the other. Therefore, based on their findings, students will suggest the best policy for the most prevalent problem. Students will work with the St. Louis Federal Reserve FRED economic database to complete a written assignment on a different country that will be presented to the rest of the class.

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