Teaching critical macroeconomics

Abstract

The objective in this paper is to illustrate how a macroeconomics course can incorporate pluralism. This is achieved by drawing key ideas from six critical textbooks, including recently published ones that complement neoclassical macroeconomics textbooks. The topics considered include GDP and measurement, the loanable funds market model, unemployment and job guarantee, money and banking, the quantity theory of money and inflation, free trade and exchange rates, aggregate demand-supply, and fiscal and monetary policies. The paper highlights one approach, which instructors can reference in their pedagogical approaches towards incorporating real-world and pluralist content.