Description
The mathematical models used in intermediate macroeconomics have become increasingly more sophisticated and challenging for students to learn. This paper demonstrates how mathematics software, such as Maple, can be used to design a simulation as a pedagogical aid. The paper proceeds by developing a system of equations to model the economy, simulating the system with Maple, and illustrating the impacts of fiscal and monetary policy changes. A pilot test of the simulation was performed to see if higher levels of mathematical rigor could be introduced in a principles course. The results indicate that symbolic mathematics software can be an effective teaching and student learning tool.
Date of creation, presentation, or exhibit
2006
Creative Commons License
This work is licensed under a Creative Commons Attribution-No Derivative Works 4.0 International License.
Document Type
Conference Paper
Department, Program, or Center
Accounting (SCB)
Recommended Citation
Snarr, H., & Gold, S. (2006). The design and use of a macroeconomics simulation using Maple software: A Pilot study. Developments in Business Simulation and Experiential Learning, 33, 253-262.
Campus
RIT – Main Campus
Comments
Note: imported from RIT’s Digital Media Library running on DSpace to RIT Scholar Works in February 2014.