85th International Atlantic Economic Conference

March 14 - 17, 2018 | London, United Kingdom

Effects of interactive graphs on the teaching of macroeconomic theory

Thursday, 15 March 2018: 3:40 PM
Can Erbil, Ph.D. , Economics, Boston College, Waltham, MA
One of the learning activities required of students in the author's Macro Economic Theory class is a group presentation. These presentations are based on recent news articles related to the different topics they cover in class. The articles are selected by students and reviewed and approved for presentation by the instructor. Then a group of five students make a presentation based on the selected news article; both their peers and I grade each individual presenter and each group based on a rubric of four questions.

A quasi-experiment to estimate the effects of using interactive graphs by students on peer ratings of the presentations is designed.

The idea of utilizing interactive graphs started with Gapminder. Gapminder is a data visualization tool that allows, by introducing animations, the building of "interactive graphs" that can show how selected economic variables of interest vary over time or over some other selected variable (e.g. country, gender, etc.). Gapminder seemed to be an innovative, engaging and effective way to present and interpret economic data used by the author in classes, with much positive feedback.

The hypotheses was that interactive graphs can be a powerful teaching tool to enhance the understanding of visual learners as well as adding one more dimension to otherwise 2-dimensional traditional graphs. This would make it easier for students to see the big picture in macroeconomics.

In an Intermediate Macroeconomics course taught in the Fall of 2014, 50 students were required to use traditional, non-interactive, 2-dimensional graphs for their presentations. In the following term, Spring of 2015, the same course was taught in exactly the same way but required 78 students to use interactive graphs in their presentations. The results of this experiment is presented in this paper. The main findings are that the use of interactive graphs do not seem to make a difference in student’s understanding. Although regarded as helpful by a majority of students, such graphics do not seem to play a critical role in their learning.