Abstract

The IS-ML model is a basic tool used in the teaching of short-term macroeconomics. Teaching is essentially done through the use of graphs. However, the way these graphs are traditionally taught does not allow the learner to easily visualise changes in the curves. The IS-LM simulation program overcomes difficulties encountered in understanding the curves used in the model because, through it, the students can visualise the changes in these curves when the model's parameter values are modified. The IS-LM ...