FAU Davie to Host Nobel Laureate Paul Krugman on Teaching Economics in Post-Recession America
DAVIE, Fla. (September 23, 2013) – Florida Atlantic University will host Nobel Laureate Paul Krugman, a popular op-ed columnist for The New York Times who in 2008 won the Nobel Memorial Prize in Economic Studies, as the keynote speaker for the conclusion of its EconED 2013 conference on Friday, Oct. 4, from 4 to 5:30 p.m. at the Liberal Arts Auditorium, Room 120, 3200 College Ave., Davie campus.
The invitation-only annual conference brings together more than 90 economics professors from around the nation to discuss strategies on better teaching economics to college and university students.
Krugman, a professor of economics and international affairs at the Woodrow Wilson School of Public and International Affairs at Princeton University and centenary professor at the London School of Economics, will lecture on “Still IS-LMing After All These Years,” a discussion about how the 2008 financial crisis has brought back the old Keynesian macroeconomic “IS-LM” model (Investment Saving – Liquidity Preference Money Supply) when it comes to teaching students about the relationship between interest rates and economic expansion.
Prior to 2008, the IS-LM model was dismissed as being dated in a world where central banks -- and not the money supply -- set interest rates. But the financial crisis has made economists re-embrace an old familiar friend. Krugman will talk about how the IS-LM model can be applied in today’s current economic climate. A question and answer period will take place at 5 p.m., followed by an invitation-only cocktail reception.
Along with FAU, this year’s EconED conference will feature presentations by distinguished economists from George Mason University; George Washington University; Ball State University; the University of Illinois; San Diego University; California Polytechnic University; and the University of Michigan. EconED is sponsored by Worth Publishers.
-FAU-Florida Atlantic University, established in 1961, officially opened its doors in 1964 as the fifth public university in Florida. Today, the University, with an annual economic impact of $6.3 billion, serves more than 30,000 undergraduate and graduate students at sites throughout its six-county service region in southeast Florida. FAU’s world-class teaching and research faculty serves students through 10 colleges: the Dorothy F. Schmidt College of Arts and Letters, the College of Business, the College for Design and Social Inquiry, the College of Education, the College of Engineering and Computer Science, the Graduate College, the Harriet L. Wilkes Honors College, the Charles E. Schmidt College of Medicine, the Christine E. Lynn College of Nursing and the Charles E. Schmidt College of Science. FAU is ranked as a High Research Activity institution by the Carnegie Foundation for the Advancement of Teaching. The University is placing special focus on the rapid development of three signature themes – marine and coastal issues, biotechnology and contemporary societal challenges – which provide opportunities for faculty and students to build upon FAU’s existing strengths in research and scholarship. For more information, visit www.fau.edu.