Using Oil Price Shocks to Teach the AS-AD Model in a Blended Learning Strategy

This paper reports a pedagogical strategy employed to teach the null AS-AD null model. Dolan & Stevens (2006) stress the importance of teaching macroeconomics with null relevance , and in this vein the issue of the macroeconomic effect of substantial increases in oil prices was used as a focus for teaching the null AS-AD null model in the first semester of 2006. This strategy also had a substantial blended learning dimension which Fox & MacKeogh...