As of June 30,
2012, I will be Professor Emeritus at UNC-CH..
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.
The Great Courses
Money and Banking: What Everyone Should Know Published by The Teaching Company (link)
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: A Classroom Guide to Preparing Discussion Questions and Leading Discussion
The book is co-authored with W. Lee Hansen and published by Edward Elgar.
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 interpretive 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
Teaching Innovations Program (TIP)
Between 2004 and 2010 I was Co-Principal Investigator with William Walstad of “Interactive Teaching in Undergraduate Economics Courses:
Bridging the Gap between Current and Best Practices,” NSF Award Number DUE-0338482. To read more about TIP, please see Teaching Innovation in Economics
published by Edward Elgar, Northampton, MA, 2010. Here is a link.
Discussion (with Kirsten Madden, Roisin O'Sullivan and
Chapter 6 in Salemi and Walstad (eds.), Teaching Innovations in Economics:
Strategies and Applications for Interactive Instruction, Edward Elgar forthcoming 2010.
on Peer Instruction at the 2010 Robert Morris Economic
Clickenomics: Using a
Classroom Response System to Increase Engagement in a Large
Enrollment Principles of Economics Course
Link to published version Longer Version, June 2008
Asking the Right Kind of Question Promotes Learning During Discussion (April 2005)
Economic Literacy: Why, What and How (March 2005)
Macroeconomics and Money
UNC Undergraduate Courses
Econ 101 Principles of Economics
Econ 101H Principles of Economics (Honors)
Econ 423 Financial Markets
Econ 52 First Year Seminar: The Root of All Evil? Money as a Cultural, Economic and Social Institution