The 3-equation model by Carlin and Soskice (2014) introduces the current consensus in modern monetary macroeconomics to undergraduates through a static framework in which adjustment occurs via the monetary policy rule of an inflation-targeting central bank. In this article, the authors present a dynamic extension of this model and an Excel-based…

The emergence of Bitcoin as an online currency/payment system has been surrounded with controversy with equally passionate proponents and detractors arguing for its long-term viability. These debates lead to stimulating exercises for the finance or economics student eager to understand principles of money, currencies, and monetary economics. The…

The author provides a general model to incentivize student involvement in an economics course on an ongoing basis. Rather than presenting students with a discrete number of diverse experiments to illustrate different economic concepts, he opts for the adoption of a single experiment that lives for the duration of the semester. This approach…