A new paradigm for the introductory course in economics

A new paradigm for the introductory course in economics

The paradigm that motivates CORE draws upon these insights to greatly help us to comprehend how prices, wages and interest levels and the amount of inequality are determined and the way the aggregate economy functions.

Does the main one year CORE introductory course prepare students for the typical curriculum in subsequent years?

It really is taught at UCL by Antonio Cabrales and Wendy Carlin, Sciences Po by Yann Algan and at the Toulouse School of Economics by Christian Gollier. At UCL, we compared the exam results for the unchanged standard second year courses of cohorts that had taken the CORE course and that hadn’t. Within their intermediate micro and macro sequence, CORE students did markedly much better than previous cohorts. (There is no change in the student performance in second-year econometrics, dispelling any thoughts that the CORE cohort was simply brighter!). That is far from the only method to evaluate the brand new curriculum; nonetheless it is encouraging. Our interpretation is that the CORE cohort was more engaged with economics and worked up about going on.

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[1] CORE authors are Yann Algan, Timothy Besley, Samuel Bowles, Antonio Cabrales, Juan Camilo Cardenas, Wendy Carlin, Diane Coyle, Marion Dumas, Georg von Graevenitz, Cameron Hepburn, Daniel Hojman, David Hope, Arjun Jayadev, Suresh Naidu, Robin Naylor, Kevin O’Rourke, Begum ozkaynak, Malcolm Pemberton, Paul Segal, Nicholas Rau, Rajiv Sethi, Margaret Stevens, and Alexander Teytelboym; start to see the CORE Team (2017).