Wendy Carlin Libros

This volume provides a unified framework for the analysis of short- and medium-run macroeconomics. It develops a core New Keynesian macro model based on imperfect competition and nominal rigidities and shows how this compares with alternatives

The book introduces a 3-equation model that integrates the financial system and addresses inequality, providing students with a practical framework to tackle ongoing macroeconomic challenges. By connecting contemporary research and policy, the authors equip readers to understand and analyze the implications of the financial crisis and the Great Recession, fostering critical thinking in macroeconomic theory and practice.

In 2014, Camila Cea, a recent economics graduate and activist in Chile, provided a preface for the first beta of The Economy online. She and her peers were disillusioned by their economics courses, which ignored their concerns about Chile’s economic issues, prompting them to demand curriculum changes. The then-director of the School of Economics and Business, Oscar Landerretche, responded to their calls. Both Camila and Oscar are now Trustees of CORE Economics Education. Since then, CORE’s text has become the standard introduction to economics at institutions like University College London and Sciences Po, among others. By July 2017, 3,000 economics teachers from 89 countries had registered for CORE’s supplementary materials. Camila's early insights into The CORE Project highlight its mission: to transform economics education. The Financial Times sparked a global debate on this topic in 2013, with students questioning the disconnect between economics and real-life experiences. Nataly Grisales, another Latin American economics student, echoed this sentiment, expressing frustration over the lack of real-world applications in her studies. CORE aims to bridge this gap, introducing students to contemporary economic practices that utilize empirical models to analyze data and inform policy decisions. The initiative has engaged students worldwide, prompting them to identify pressing economic issues that need addressing, as illustra