88th International Atlantic Economic Conference
October 17 - 20, 2019 | Miami, USA

213 TEACHING OF ECONOMICS WITH TECHNOLOGY AND ITS CHALLENGES: NEW APPROACHES IN PEDAGOGY

Saturday, 19 October 2019: 9:00 AM-11:00 AM

Four distinctly different teaching techniques and tools are used in this session to show fellow economics faculty how to engage students in economics and related disciplines. Using these pedagogies, enhances students' comprehension of the material covered making their learning of the discipline long lasting. Furthermore, it creates an ability for them to apply their learning in other classes and more importantly in real life settings as they enter the jobs market. The first paper titled: "Technology in the classroom: Using Bloomberg Analytics to Teach Economics," is a perfect example of the theme of this session. It shows how to engage students in a series of subjects that might come across as intimidating to students. Through use of Bloomberg terminal, the author provides students with a different pedagogy from traditional teaching methods. The second paper is on "Using Gapminder and FRED to Supplement a Modern Approach to Teaching Intermediate Macroeconomics." We demonstrate how instructors can use the open educational resources Gapminder and FRED to supplement an approach to teaching intermediate macroeconomics using a modern approach that emphasizes the interplay between data collection, empirical analysis, model development, and prediction. The third paper is titled: "Using Microsoft Teams in Economic Education: Challenges and best-practice recommendations." Using technology and internet applications within learning environments for economic education is challenging and there is no guarantee that the integration and application of educational technology will lead to increased learner satisfaction, motivation or achievement. The current project reports on attempts to use the internet application Microsoft Teams within an international and intercultural economic education project in a blended learning environment. Students from both Germany and China participated in a university project in cooperative learning teams and dyads including online learning and onsite phases of learning in both countries. The process integrated both the extensive use of Microsoft Teams as formal group working area and the mobile App WeChat as informal communication channel between student dyads. The 4th paper deals with, "Financial Modeling: Using Excel in Finance and Economics." Financial modeling is the task of building mathematical models of a financial decision-making situation. The focus of the presentation is to use such models for finance and macroeconomic applications. Excel is used to apply mathematical, economic and financial principles and theories. The topics chosen for the presentation include portfolio theory and macroeconomic equilibrium models.

Chair:
Hossein S. Kazemi, Stonehill College—USA
Organizer:
Hossein S. Kazemi, Stonehill College—USA
Using Microsoft teams in economic education: Challenges and best-practice recommendations
Joel Schmidt, University of Applied Management—Germany; Pierre Rafih, University of Applied Management—Germany; Min Tang, University of Applied Management—Germany; Sebastian Hofreiter, University of Applied Management—Germany



Discussants:
Natalia Smirnova, University of Connecticut—USA and Aselia Urmanbetova, Georgia Institute of Technology—USA