Teaching Macroeconomics through Flowcharts

12 Pages Posted: 13 Jan 2013

See all articles by Yaniv Reingewertz

Yaniv Reingewertz

University of Haifa - Department of Political Science

Date Written: January 12, 2013


Flowcharts are an invaluable tool for explaining complex mechanisms. They are used in Biology, Chemistry and many other disciplines as a teaching tool, as well as in research. However, flowcharts are hardly used in economics. This paper suggests that flowcharts could supplement graphs and algebra in teaching of economics, especially in undergraduate courses. In order to demonstrate their effectiveness the paper presents a series of flowcharts that describe the IS-LM/AD-AS model. These flowcharts could be used in various undergraduate courses in macroeconomics, as a supplement to the standard IS-LM and AD-AS graphs.

Keywords: economics education, teaching of economics, flowcharts, macroeconomics

JEL Classification: A22, E10

Suggested Citation

Reingewertz, Yaniv, Teaching Macroeconomics through Flowcharts (January 12, 2013). Available at SSRN: https://ssrn.com/abstract=2200023 or http://dx.doi.org/10.2139/ssrn.2200023

Yaniv Reingewertz (Contact Author)

University of Haifa - Department of Political Science ( email )


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