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TEACHING TOOLS: ON JOURNALISTS‘ USE OF MACROECONOMIC CONCEPTS
Author(s) -
Kennedy Peter
Publication year - 1992
Publication title -
economic inquiry
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.823
H-Index - 72
eISSN - 1465-7295
pISSN - 0095-2583
DOI - 10.1111/j.1465-7295.1992.tb01544.x
Subject(s) - economics , newspaper , inflation (cosmology) , phenomenon , keynesian economics , macroeconomics , interest rate , monetary economics , foreign exchange , monetary policy , business , advertising , physics , theoretical physics , quantum mechanics
Five macroeconomic concepts are presented which are prominent in the business sections of newspapers, but which are not given equivalent prominence in macroeconomic textbooks. These are the discouraged worker phenomenon, the use of inventories in forecasting, the effect of changes in the money supply on the bond market, and the effects of inflation and nominal interest rates in the foreign exchange market. These concepts are presented via news clips illustrating the way they typically appear in the press. Instructors are urged to place extra emphasis on these concepts.