Search
  • Chris Stone

The importance of Economics and the best way to teach it

A recent episode of the RN program The Economists talked about why Economics is important and the best way to teach it.

I was interested in Justin Wolfers' four principles of Economics. In particular, his explanation of the principle of interdependence – reflected the effect that my knowledge and understanding of Economics affects my everyday life.

Click here to have a listen to Justin with Gigi Foster.


After hearing about it in the program, I found a video showing a MONIAC operating at the Reserve Bank of New Zealand Museum and Education Centre. It may be a great hook for Year 11 and 12 macroeconomics – or just exciting for economics teachers like us?

Click here to watch the MONIAC demonstration.

5 views0 comments

Recent Posts

See All

Reacting to the pandemic

It is interesting to examine what has happened to consumer spending over the past year. As we economists would predict, the impact is not even across the country or across industries. You could look a

PD from Nobel Prize winners

Here is a great PD opportunity. Wednesday, 11 November 2020 at 3:30 pm (WST) Registration is required but it is free Good Economics for Hard Times is a webinar provided by the Centre for Ideas at UNSW

Australia's changing pattern of trade

This year has seen a significant change in Australia's trade pattern - mainly due to the effects of the COVID-19 pandemic on the global level of of economic activity and in particular the effect of tr