Presenter
Index
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Miles B. Cahill
2006: “Estimating key macroeconomic relationships at the undergraduate
level: Taylor rule and Okun’s Law examples” (Miles B.
Cahill)
Abstract
This paper presents some Excel-based exercises that allow students to estimate some key macroeconomic relationships: Okun’s Law and the Taylor rule. The Okun’s law exercise has the additional benefit of providing estimates for long-run GDP growth. The Taylor rule exercises give students the opportunity to replicate, and then improve upon a seminal paper in macroeconomics. Overall, these exercises give students an introduction to some key aspects of conducting empirical research in macroeconomics, including manipulating models into a form that can be estimated and gathering and manipulating data. In addition, the exercises provide students with useful spreadsheet skills that can be used in other assignments and other arenas, long after graduation.
Cautionary note: paper is still in a preliminary stage
Supplementary web page for paper
http://www.holycross.edu/departments/economics/mcahill/AEA2006/
Contains links to paper and AEA presentation slides as well as
lab instruction sheets, completed lab spreadsheets and links
to data sources.
1999: New Uses for Spreadsheets: Increasing the Breadth and Depth of Economics Teaching (Miles B. Cahill and George Kosicki)
Published version
Cahill, Miles B. and George Kosicki, ““Exploring Economic Models Using Excel” (with George Kosicki), Southern Economic Journal, Vol. 66, No. 3 (January), 2000: pp. 770–792.
Abstract
This paper applies spreadsheet software to intermediate-level consumer theory concepts. Spreadsheets help to make the concepts more accessible while at the same time allowing students to explore the ideas in more depth. Areas of application are utility functions, income and substitution effects, price indices, measures of welfare change, and the optimal saving rate. We chose the examples to stimulate awareness and discussion of the many classroom uses for four important Excel spreadsheet tools: three-dimensional graphs, iteration, Goal Seek, and Solver.