
I have been a member of the faculty at UNC since 1976. I received my Ph.D. in 1976 from the University of Minnesota. I wrote my dissertation on the German hyperinflation of 1920-23 under the direction of Thomas J. Sargent.
My research interests are domestic and international monetary theory and macroeconomics. My most recent research projects include an policy evaluation of U.S. monetary policy, estimation of models, subject to the restriction that policy is optimal, via maximum likelihood and generalized method of moments, and analysis of unemployment in Hong Kong using a dynamic generalized equilibrium model.
I have a long standing interest in economic education. I was Assistant Director of the Center for Economic Education at the University of Minnesota between 1973 and 1976. I have directed the Teacher Training Workshop Project that was jointly sponsored by the American Economic Association (AEA) and the National Council on Economic Education. Between 1994 and 2000, I was chair of the AEA Committee on Economic Education.
Curriculum Vitae
Economic Education
UNC-Economics Teacher Trainin Program
The Department of Economics at UNC-CH annually conducts a Teacher Training Program (TTP) for graduate teaching assistants and new faculty.
For information, please see: UNC-CH Economics Teacher Training Program
American Economic Association Continuing Education Program, January 8-9, 2012
Advanced Interactive Teaching Methods in Economics Program Schedule Akerlof Reading (The Market for "Lemons"" Quality Uncertainty and the Market Mechanism)
Discussing Economics
Discussing
Economics: A Classroom Guide to Preparing Discussion Questions
and Leading Discussion is now available from Edward
Elgar. The book is co-authored with W. Lee Hansen. It
sets out a detailed approach to discussion modeled on the ideas of
Mortimer Adler and the Great Books
Foundation. It
explains why instructors should organize discussion around
interpertive questions, how to plan and lead discussion and how to
integrate discussion into a course. It provides a guide to
over 60 classic and contemporary readings that span much of the
undergraduate economics curriculum
providing a synopsis, learning
objectives and recommended discussion questions for each. For more
information, please click on the link: Discussing
Economics
Research Papers
Economic Education
Classroom
Discussion (with Kirsten Madden, Roisin O'Sullivan and
Prothibha Joshi),
Chapter 6 in Salemi
and Walstad (eds.), Teaching
Innovations in Economics:
Strategies and Applications for Interactive Instruction, Edward
Elgar forthcoming 2010.
Subprime Mortgage Crisis
Click here
to for an overview of the subprime crisis and a set of
companion readings and resources.
UNC Courses
New Curriculum (Fall 2006 and Later)
Econ 101 Principles of Economics
Econ 101H Principles of Economics (Honors)
Econ 423 Financial Markets
Spring 2006 and Earlier
Econ 6E The Root of All Evil? Money as a Cultural, Economic and Social Institution
Econ 132a Intermediate Macroeconomic Theory (Honors)
Econ 281 Monetary Theory
Econ 361/381 Monetary Theory and Policy: Domestic and International"