170:, CORE Econ said its mission was to address these issues by creating a textbook incorporating contributions from many academics with different points of view that was "humbler, more empirical and more topical". Professor Carlin wrote that students "are embarrassed when they are no more able to explain the eurozone crisis or persistent unemployment than their fellow students in engineering or archaeology", and that CORE Econ would ensure that "digital technology and interactive teaching methods will introduce students to an
22:
126:. At the time, Professor Carlin wrote to colleagues to suggest they collaborate to revise the curriculum, noting that "altering the course of the undergraduate curriculum is like turning around a half a million ton super tanker. But I think that the time may be right for the initiative I am inviting you to join me in proposing."
727:
does not dumb down economics; it uses maths readily, keeping students engaged through the topicality of the material. Quite early on, students have lessons in the weirdness in economics—from game theory to power dynamics within firms—that makes the subject fascinating and useful but are skimmed over
372:
1.0 and help students explore important questions around real-world challenges such as inequality and climate change. All projects come with step-by-step instructions and exercise solutions and students can decide to complete them in R, Excel, Google Sheets or Python.
141:, to demand improvements to the mainstream economics curriculum. ISIPE, for example, argued that "teaching in economics departments is too narrowly focused and more effort should be made to broaden the curriculum". Professor Carlin has written that:
240:
Inequality is embedded within the model because the interactions of the actors depend on the extent of their power and specific endowments. Sustainability and distributional concerns follow as straightforward applications of the
93:
curriculum. Its textbook is taught as an introductory course at almost 500 universities. It provides its materials online, at no cost to users. It is registered as a charity (CORE Economics
Education) in England and Wales.
286:
This economics textbook was designed as the source material for taught courses in the first year of an undergraduate degree, although it has also been used in schools, and for advanced courses in public policy.
161:
are afterthoughts at best … Yet it continues as the backbone of much undergraduate teaching. However remote from what economists really do and the way we think, this is the "economics" imprinted on the public's
1477:
227:
2.0 brings together the latest research in economics and related disciplines, with the feedback CORE Econ have received over the years from committed instructors. Building on the successful features of
689:
should be given greater prominence in undergraduate teaching. It claims that in most universities these ideas are "mentioned, if at all, at the end of the introductory course, or as special topics."
765:
welcomed CORE Econ's "incorporation of a variety of thinkers in their curriculum, as well as their efforts to make economics more real and engaging for economics students ... But real critical
415:
are a self-contained educational resource with a variety of CORE Econ’s standard student learning activities. They are authored by international subject experts. Current CORE Insights are:
283:
is the first and flagship publication of CORE Econ. A textbook in 22 chapters that provides a complete introduction to economics and is used in approximately 500 universities worldwide.
134:
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volume, and an updated model of the labour market that is more realistic, relatable for students to the real world, and helps them understand important issues around minimum wage.
1311:
761:
Some curriculum reform campaigners have criticised CORE Econ for being too narrow and prescriptive, and not acknowledging competing schools of thought. Daniel
Lapedus, the
1338:
322:, a free ebook designed to introduce the economics to non-specialists, particularly students from outside economics courses who were taking economics as a minor. Like
1485:
804:
module rose from 22 per cent in 2014-15 to 32 per cent in 2015-16, while the proportion awarded third-class honours fell from 28 per cent to 11 per cent. ... In
673:– initiated a process that eventually transformed how we now understand the economy, in three ways. Only one of these made it into today's principles course."
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wrote that "The members of the core team deserve credit for responding to the critics of economics without pandering to them." Nick Romeo wrote that "
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89:) is an organisation that creates and distributes open-access teaching material on economics. The goal is to make teaching material and reform the
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784:"Core is not a pluralist curriculum ... It presents one paradigm, while students should be able to choose among different schools of thought."
917:
808:, the proportion gaining firsts was unchanged, but the number who attained a 2:1 rose from 21 per cent in 2014-15 to 36 per cent in 2015-16."
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discipline. They will learn to use evidence from history, experiments and other data sources to test competing explanations and policies."
32:
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how CORE Econ's "fresh approach to teaching that grounds economics in the real world" has been gathering steam in business schools too.
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Several authors have researched on CORE Econ's curriculum and written about its innovations and how it helps students learn economics.
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that reflects the true diversity of real-world perspectives is still a long way off. There is plenty more rethinking yet to be done."
661:"What we teach in our intro classes bears little resemblance to how we do economics ourselves. The great mid-20th century thinkers –
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2012:
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657:, which was published in 1948, meaning that these textbooks have ignored many of the innovations in economics since then:
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As of 2024 this textbook is available in
English, Italian, French, Spanish, Finnish, German and partially i Portuguese.
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called the course "a bold revamp" and wrote that taking CORE in year 1 had improved results in year 2 for students at
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throughout the material. This makes all data available for download and allows data selection for specific countries.
47:
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1.0 is also available as a free app for
Android, Windows and iOS, and it's also available in EPUB format, for free.
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license so that "any user can customize, translate, or improve it for their own use or the use of their students."
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482:. The course and support materials have been created by academic economists who volunteer their time, including
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1.0 was published by Oxford
University Press and has been self-published by CORE Econ since 2022. Since 2019
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volume, to help instructors delivering their introductory courses if they're only teaching either subject.
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In
September 2024 there are approximately 500 universities worldwide using CORE Econ. These include:
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CORE Economics
Education is registered as a charity in England and Wales, with a board of trustees.
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2.0 is available for free online, and is published as a print book by
Hackett Publishing Company.
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Other prominent economists have contributed to the published material, including Nobel laureates
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145:"The textbook model is definitely broken. In it, economic actors are amoral and self-interested,
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1.0 and come with step-by-step instructions for instructors to run them in their classes.
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1.0 and 2.0, it focuses on topics such as inequality, power, and environmental economics.
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CORE Econ argues that concepts developed in the second half of the 20th century, such as
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2013:
https://global.oup.com/academic/product/economy-society-and-public-policy-9780198849841
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1339:"Institute for New Economic Thinking Launches Project to Reform Undergraduate Syllabus"
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1478:"Economy, Society and Public Policy - new course from coreecon | Nuffield Foundation"
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contributed to this CORE Insight before her appointment to the
Federal Reserve Board.
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Since 2019, the CORE Econ online material embeds the interactive visualizations of
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1909:"Will the real rethinkers please stand up? - New thinking for the British economy"
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CORE Econ funds its projects through grants. Startup funding was provided by the
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1.0, CORE Econ's original introductory economics textbook. A complete rewrite of
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1312:"How a new economics syllabus is preparing students for the real-world economy"
122:, who at that time was Director of the School of Economics and Business of the
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market prices equate supply to demand implementing "optimal" outcomes, while
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Noah Smith praised CORE Econ for "focusing more on hands-on data analysis."
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in economics using real-world data, also funded by the
Nuffield Foundation.
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1286:"Economics students call for shakeup of the way their subject is taught"
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Too big to fail: lessons from a decade of financial sector reforms
1589:"Launching today: Economy, Society and Public Policy version 1.0"
1209:"CORE Econ is 10 years old: a message from Director Wendy Carlin"
388:
is a collection of classroom games and experiments programmed in
318:
611:, and the Finistere Charitable Foundation. Past funders include
1364:"'Dismal science' seeks fresh thinking after failure in crisis"
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are little different in content to the first modern text book,
1959:"Students thrive thanks to 'Freakonomics revamp' of economics"
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The proportion of students gaining a first in the second-year
15:
1390:"Economics explains our world – but economics degrees don't"
1108:
604:
518:, Rajiv Sethi, Margaret Stevens (University of Oxford), and
1669:"What Students Learn in Economics 101: Time for a Change"
1644:"A new paradigm for the introductory course in economics"
1150:
1148:
639:
CORE Econ's authors claim that popular textbooks such as
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The Curriculum Open-Access Resources in Economics Project
135:
International Student Initiative for Pluralist Economics
353:, a collection of empirical projects designed to teach
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39:
389:
392:. These games and experiments are linked to units in
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As of 2024, it's available in English and Slovakian.
1756:"The teaching of economics gets an overdue overhaul"
608:
102:
CORE Econ was conceived in late 2012, by Professors
50:, and by adding encyclopedic content written from a
1507:"Persistent racial inequality in the United States"
1934:"Students weigh the value of new economics course"
478:The day-to-day running of the project is based at
1888:"Harvard's Econ 101 Class Will Never Be the Same"
456:Persistent racial inequality in the United States
432:: an introduction to inequality, by Rajiv Sethi,
1435:
1433:
8:
1815:"Is It Time for a New Economics Curriculum?"
1667:Bowles, Samuel; Carlin, Wendy (March 2020).
1642:Bowles, Samuel; Carlin, Wendy (2017-09-07).
1097:https://core-econ.org/experiencing-economics
635:Differences from existing economics teaching
446:, Angela Dominguez-Cardoza and Jonathan Ward
1985:"Inspiration for the future in Afghanistan"
1443:The Economy, Economics for a Changing World
1038:The Economy, Economics for a Changing World
872:, Erasmus University Rotterdam, Netherlands
746:is designed for the post-neoliberal age".
133:, students had formed groups, such as the
1446:. Oxford University Press. p. 1000.
720:wrote that "arly results are promising":
605:James M. and Cathleen D. Stone Foundation
70:Learn how and when to remove this message
888:Lahore University of Management Sciences
182:CORE Econ's courses are offered through
1932:Guigliano, Ferdinando (10 April 2015).
1120:
255:It comes with 5 brand-new units in the
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2024:
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236:2.0 introduces important innovations:
31:contains content that is written like
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1086:https://core-econ.org/doing-economics
696:Critical reception and press coverage
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1754:Economist, The (21 September 2017).
1254:
1252:
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1175:
1440:CORE Team, The (15 November 2017).
1343:Institute for New Economic Thinking
1314:. Prospect Magazine. Archived from
1237:Institute for New Economic Thinking
1077:. Oxford: Oxford University Press.
1075:Economy, Society, and Public Policy
1040:. Oxford: Oxford University Press.
597:Institute for New Economic Thinking
452:, by Martina Jasova and Rajiv Sethi
420:Public debt: threat or opportunity?
319:Economy, Society, and Public Policy
1388:Carlin, Wendy (17 November 2013).
1068:https://core-econ.org/the-economy/
1053:https://core-econ.org/the-economy/
828:American University of Afghanistan
772:Yuan Yang, one of the founders of
629:International Economic Association
306:Economy, Society and Public Policy
14:
790:Times Higher Education Supplement
749:Bethan Staton highlighted in the
568:, who recorded videos for it on
360:These projects link to units in
20:
1207:Piccoli, Giacomo (2023-01-03).
813:Universities adopting CORE Econ
1782:"A New Way to Learn Economics"
1673:Journal of Economic Literature
714:has been received favourably.
599:. Current funders include the
1:
1983:Phillips, Tim (5 June 2018).
942:Université libre de Bruxelles
924:Universidad Carlos III Madrid
876:Humboldt University of Berlin
728:in most introductory courses.
450:Financing American government
347:Also in 2018, CORE published
316:In 2018, CORE Econ published
131:financial crisis of 2007–2008
1963:Times Higher Education (THE)
1780:Cassidy, John (2017-09-11).
1284:Inman, Philip (4 May 2014).
1058:CORE Econ Team, The (2023).
1043:CORE Econ Team, The (2023).
990:University of Reunion Island
906:Toulouse School of Economics
621:Friends Provident Foundation
293:In 2017, a print version of
166:Launched in October 2013 at
1417:Introducing The Economy 2.0
244:It comes in two volumes, a
2076:
1813:Romeo, Nick (2021-10-08).
1482:www.nuffieldfoundation.org
1183:"CORE Economics Education"
870:Erasmus University College
609:Partners for a New Economy
496:London School of Economics
471:Structure and contributors
1872:Cite uses generic title (
1264:rajivsethi.blogspot.co.uk
1156:"Universities using CORE"
954:University College London
794:University College London
535:University College London
480:University College London
215:is the second edition of
151:environmental degradation
108:University College London
1414:CORE Econ (2023-10-01).
995:University of St Andrews
978:University of Manchester
936:Universitat Pompeu Fabra
930:Universidad de los Andes
852:Brigham Young University
822:Adolfo Ibáñez University
504:University of Manchester
1091:CORE Team, The (2020).
1080:CORE Team, The (2018).
1073:CORE Team, The (2018).
1036:CORE Team, The (2017).
948:University of Cape Town
641:Principles of Economics
570:inequality in education
1187:The Charity Commission
1093:Experiencing Economics
1019:University of Brighton
1001:University of Stirling
984:University of Pretoria
912:Trinity College Dublin
834:Azim Premji University
810:
786:
730:
679:asymmetric information
675:
529:The steering group is
430:A world of differences
385:Experiencing Economics
378:Experiencing Economics
164:
1913:www.opendemocracy.net
1560:"Contributors - CORE"
1531:"Contributors - CORE"
1095:. Open access e-text
1084:. Open access e-text
1013:University of Warwick
960:University of Bristol
882:King's College London
798:
782:
722:
659:
147:perfectly competitive
143:
52:neutral point of view
1685:10.1257/jel.20191585
1426:– via YouTube.
1233:"Oscar Landerretche"
1007:University of Sydney
972:University of Exeter
830:, Kabul, Afghanistan
774:Rethinking Economics
763:Rethinking Economics
687:incomplete contracts
551:University of Oxford
524:University of Oxford
512:University of Oxford
355:quantitative methods
139:Rethinking Economics
2060:Economics education
1938:The Financial Times
1847:"Subscribe to read"
1109:CORE Econ's website
1066:Open access e-text
1051:Open access e-text
966:University of Chile
866:, New Hampshire, US
778:The Financial Times
683:social interactions
663:John Maynard Keynes
625:The Bank of England
613:Nuffield Foundation
462:and Eric Bottorff.
458:, by Trevon Logan,
332:Nuffield Foundation
194:. Its ebooks use a
124:University of Chile
44:promotional content
1731:"CORE in the news"
1707:"Research on CORE"
1266:. 6 September 2014
1260:"The CORE Project"
938:, Barcelona, Spain
932:, Bogotá, Colombia
894:Middlebury College
858:Cornell University
846:Bocconi University
836:, Bengaluru, India
543:Santa Fe Institute
426:and Guido Panizza,
120:Oscar Landerretche
116:Santa Fe Institute
46:and inappropriate
2034:Missing or empty
1511:www.core-econ.org
968:, Santiago, Chile
900:Sciences Po Paris
864:Dartmouth College
585:Our World in Data
424:Barry Eichengreen
330:is funded by the
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1064:Macroeconomics.
1049:Microeconomics.
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752:Financial Times
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806:macroeconomics
802:microeconomics
735:The New Yorker
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655:Paul Samuelson
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520:Kevin O'Rourke
492:Timothy Besley
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