Teaching Economics to the Generation Z

Fatih Kansoy

A Personal Experience

Beginning: Start with Story a Narrative Approach

Ending: Holistic View and Interactive Summary

Connect Real and Current World

Customised Engagements - In and Out of Class

Quality Content is King

Never Start

Directly

Why do educators in economics not learn from Hans Rosling?

  • Hans Rosling changed data presentation 15 years ago

  • "Edutainment"

  • Viewed more than 20-million

  • Nothing new in data but presentation.

  • But in our lectures we still use ONLY PowerPoint/beamer/PDF 

Let \(K_t\), \(I_t\), and \(\delta\) are the aggregate capital, investment and depreciation rate at time, respectively.

 

Formally, capital accumulates according to:

 

$$ K_{t+1}= I_{t}  + K_{t}  - \delta K_{t}$$

 

Then...

Starting with equations...

Show historical background

Show the Recent  Story

Show the Current Situation

A Contribution to the Theory of Economic Growth

1956

Now we can start with equations...

Let \(K_t\), \(I_t\), and \(\delta\) are the aggregate capital, investment and depreciation rate at time, respectively.

 

Formally, capital accumulates according to:

 

$$ K_{t+1}= I_{t}  + K_{t}  - \delta K_{t}$$

 

Then...

Never Finish

Directly

To have a holistic view at the end of each lecture/class provide an interactive summary

Connect Real and Current World

Students deserve more than what textbooks provide

Connect Recent Research

The book ends by making the case that GDP was a good measure for the twentieth century but is increasingly inappropriate for a twenty-first-century economy driven by innovation, services, and intangible goods.

Tangible Economics: New and Non-Academic Journal

This Year

Engagements

In-Out of Class

In Class

Democratisation and Participation

Answers are not important but question

In Class

In Class

Answers can be differentfor the different case

Background=Billboards for Your Message

Different tool for Different Purpose

Out of Class

The same tool but different result

Out of Class

Out of Class

Content Quality

Matters

Visual

Learn the tools

Have the tools

Being youtuber is hard!

Fig.1: Draw two circle

Fig.2: Draw the rest of the damn owl

Use the Same Language

  • I am going to use the Panel data model with year and state fixed effects.
     
  • Identification comes from exogenous law changes

Be Explicit

Be Explicit

\(\blacktriangleright\)   Panel data model with year and state fixed effects.

$$ y_{i,t}= \alpha_{i} + \gamma_{t} + \beta X_{i,t} + \epsilon_{i,t} $$

with 

\(-\) \( y_{i,t}\) average wage in state i , year t
\(-\) \( \alpha_i\)  state fixed effect.
\(-\) \( \gamma_t\): year fixed effect
\(-\)  \( \epsilon_{i,t}\): error term

\(\blacktriangleright\) Identification comes from exogenous law changes

 $$E(\epsilon_{i,t} | X_{i,t}, \alpha_{i}, \delta_{t})=0 $$

i.e. law changes are exogenous conditional on fixed effects

Be Explicit

  • I am going to use the Panel data model with year and state fixed effects.
     
  • Identification comes from exogenous law changes

Make sure your audience can read your slides,
so check your font size

Please pay attention, this is a very important point etc...

Utility Function and Husein Bolt

Utility Function and Husein Bolt

My website

https://kansoy.me

Twitter

@kansoy

Thank you!

Copy of Copy of FK King's College London

By kansoy

Copy of Copy of FK King's College London

Fatih Kansoy - Teaching Economics

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