Case Study for

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Case Study for
Principles of

Macroeconomics

Fall 2006 Term

Ana C. Corrales

Economics at MDC


Across all MDC campuses,
approximately 33% of all Principles of
Economics students will be
unsuccessful in their attempt


Withdraw or Fail


Evidenced in Macro and Micro


Data from Full
-
time Faculty only (2004)

Macroeconomics at MDC
(ECO 2013)


Transfers for full credit to any State University


General Education course (Behavioral &
Social Science)


Required for Business majors


Gordon Rule Requirement (2,000 words)


Extensive Graphing

What is a Case Study?


A real life problem or dilemma which
has no immediate, obvious, single, or
correct solution



It is NOT “What principles can be
conveyed?” but “What can be learned?”

Benefits of Case Studies in
the Classroom


Promote

Active
Problem Solving


Develop

Critical Thinking

Skills


Foster

Relevancy

to Discussions


Encourage

Deep,
Collaborative

Learning


Provide

Stimulating, Experimental

Scenarios


Present

Real
-
World
Application


Create

Responsibility
for OWN Learning

Harvard Business School
Case Method


Used with large groups


Sections have 80 students


Directed discussion
-

Case Facilitators


Elicits
multiple viewpoints


Results in a
shared experience


Build
teamwork

China In the News…


Opening up its Economy


Transition: Command to Market Economy


Enviable Economic Growth


Outsourcing of Jobs, Production Plants


Demand for Essential Resources


Worldwide Prices of Goods Rising


Beijing Olympics


Environment/Human Rights


WTO Membership


Overvaluation of Currency

US News & World Report
Poll:
What is your current perception
of China?

a.
Economic Threat to the U.S.

b.
Violator of Human Rights

c.
Growing Superpower

d.
All of the Above

e.
None of the Above

Case Study: Comparing the
US and Chinese Economies


Current Events


Emphasize “Big Picture” View of Macro


Globalization & Transition Economy

Goal: Find, Read, & Evaluate
Economic Data


Investigate & Assimilate Data


Expose Global Issues


Face Uncertainty


Deal with Complexity


Make Decisions

Format


Start Small: Group size of 3 to 4 students


The group or collaborative environment
contributes to the power of case studies


Comparisons as concepts are introduced


Focus questions received 1


2 weeks prior
to group discussion


Honors College class

Key Economic Issues


Economic Goals


Economic Systems


Role in Global Economy


Valuation of Currency


Economic Growth


Price Fluctuations


Fiscal Policy


Monetary Policy


Interest Rates


Skills of Labor Force

Case Deliverables


Group Written Summary Reports


Include Graphs/Tables US v. China


Group Presentations


Roundtable Discussions


Postings to Discussion Board

Resources for Students


The Economist


The Washington Post


NPR’s Marketplace

and
Morning Edition


US News & World Report


Financial Times


Kidon Media Link


China News


China Economic Review


China Window


Rand Corporation Report

Next Steps


Establish
classroom norms

for discussion


Develop a list of
focus questions

that
challenges students to go beyond obvious
conclusions



Reflecting Application, Evaluation and
Synthesis from
Bloom’s Taxonomy


Feature Case Study in
Faculty Webpage