Thursday, April 8, 2010

The Financial Crisis and ECO 101

I recently came across this delightful article in The Economist. The article explains that the curricula of introductory macroeconomics classes need to be restructured in order to equip students with the tools they need to understand the Financial Crisis.

Traditional macro classes, it seems, don't really discuss financial institutions, which were at the heart of the economy's collapse. The author of the article spoke to professors to find out how they plan on revising their textbooks and curricula. We hear perspectives from Princeton, MIT, Harvard, and Stanford.

Professor of economics Alan Blinder taught ECO 101 in spring 2009 and devoted a major portion of the class to understanding the Financial Crisis. His textbook (pictured, right) is being updated to provide a better understanding of this subject.

By Aaron Hosios, editor for Blogs