Teaching / Interactive Models

Teaching

Seton Hall University

• Economics Reading Group: We meet 5-6 times per semester to discuss a book in a Socratic format, over dinner.
  • Spring 2026 (with Danielle Zanzalari): Joel Mokyr, A Culture of Growth. Read about it here.

  If you are interested in joining future reading group, email me at vincent.carret@shu.edu.

• History of Economic Thought (ECON 3470): covers the history of economic thought from Adam Smith to the present. Two broad themes are examined: self-interest and other motives, and living together. Authors read include Adam Smith, Jane Marcet, John Stuart Mill, Wesley Clair Mitchell, Milton Friedman, Flora Tristan, F. A. Hayek and others. Includes a semester-long project.
  Evaluations:
  • Spring 2026: Section A, Section B
• Intermediate Macroeconomics (ECON 2421): covers GDP, consumption, investment, inflation, unemployment, growth, business cycles, fiscal policy, monetary policy, financial markets, international trade and other topics at the intermediate level.
  Evaluations:
  • Fall 2025
• Principles of Macroeconomics (ECON 1403): covers GDP, inflation, unemployment, growth, business cycles, fiscal policy, monetary policy, redistributive policies, supply-side policies.
  Evaluations:
  • Fall 2025
  • Spring 2026

Creighton University

• Principles of Microeconomics (ECO 203): covers supply and demand, consumer and producer choice, market structures, competition, price controls, taxes and subsidies, externalities, international trade. The class includes a stock picking project and several in-class experiments such as Vernon Smith’s pit market experiment.
  Evaluations:
  • Fall 2023: Section K, Section L
  • Fall 2024: Section F, Section J, Section K
• Principles of Macroeconomics (ECO 205): covers GDP, inflation, unemployment, growth, business cycles, fiscal policy, monetary policy, redistributive policies, supply-side policies. Includes a country project over the semester.
  Evaluations:
  • Spring 2024: Section H, Section I
  • Spring 2025: Section F, Section G, Section H, Section I

Université Lumière Lyon 2

• Monetary Macroeconomics (TA, Fall 2020, two sections). A second-year course in macroeconomics. The university switched all the classes online a few weeks before the semester started, and I developped a number of videos, quizzes and interactive applications (see below) to retain students.

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Interactive Models

A list of interactive models I’ve built in JavaScript and R/Shiny, which are available on this website or other websites, in particular on the companion website to our book with Michaël Assous, https://economic-instability.com, where the applications are accompanied by jointly written blog posts.

I have used the interactive ISLM models to explain basic macroeconomic effects (Pigou effect, Keynes effect, Fisher effect, liquidity trap) to students in macroeconomic classes. Pictures can be drawn easily, and shocks added to observe the comparative statics.

Classroom Models

• The Pit Market Experiment
• Ordinary Least Squares Regression
• ISLM and the Aggregate Demand curve
• The ISLM Model
• The Keynesian Cross and the IS curve

Research Models

• Kaldor's model of the trade cycle: dynamics and a numerical example
• Simulation and decomposition of Ragnar Frisch's rocking horse model (1933)

On economic-instability.com:

• Wage changes and unemployment
• Investment, savings and the interest rate
• Samuelson (1941) - Stability of Equilibrium
• Lundberg (1937)
• Samuelson (1939)
• Tinbergen (1937)
• Kalecki (1935)
• Hamburger (1931)
• Tinbergen (1935)
• Tinbergen (1936)

Other applications written in R/Shiny include:

• Samuelson (1939): Samuelson’s multiplier accelerator model
• Frisch (1933): Frisch’s 1933 economic propagation mechanism
• Solow (1956): Textbook Solow growth model

Other

• La Moulinette: an application I built in Python during my PhD to streamline the process of translating papers written in Dutch or German. Several of my publications, especially those on Jan Tinbergen, used this software to gain access to many of his untranslated articles.