《西方经济学教学课件》1. Ch31-11e-Lecture Presentation.pptVIP

* * * * * * * * * * * * * * * * * * * * * Classroom activity Check out Economics in Action: A View of the Long and Variable Lag * * * Classroom activity Check out At Issue: Support for and Opposition to QE3 * If you are a passionate supporter of one of the alternative monetary policy strategies, don’t be shy about pushing it. Students like to know the passions of their teachers. I’ve tried hard to hide my passion to avoid getting in your way! MP * * Classroom activity Check out Economics in Action: The Taylor Rule Applying the principles of economics to interpret and understand the news is a major goal of the principles course. You can encourage your students in this activity by using the two features: Reading Between the Lines and Economics in the News. (1) Before each class, scan the news and select two or three headlines that are relevant to your session today. There is always something that works. Read the headline and ask for comments, interpretation, discussion. Pose questions arising from it that motivate today’s class. At the end of the class, return to the questions and answer them with the tools you’ve been explaining. (2) Once or twice a semester, set an assignment, for credit, with the following instructions: (a) Find a news article about an economic topic that you find interesting. (b) Make a short bullet-list summary of the article. (c) Write and illustrate with appropriate graphs an economic analysis of the key points in the article. Use the Reading Between the Lines and Economics in the News features in your textbook as models. Extraordinary Monetary Stimulus Inflation Rate Targeting Inflation rate targeting is a monetary policy strategy in which the central bank makes a public commitment 1. To achieve an explicit inflation target 2. To explain how its policy actions will achieve that target Several central banks practice inflation targeting and have done so since the mid-1990s. Inflation targeting is a strategy that avoids serious inflation and