Teaching principles of macroeconomics after COVID-19

The COVID-19 pandemic uniquely affected nearly all the subject matter in a typical principles of macroeconomics class. Fluctuations in the basic macroeconomic data in the COVID era were staggering and offer new teaching opportunities. In addition, because the recession was primarily driven by supply side shocks, the entire episode offers a unique avenue to present the theoretical models of the macroeconomy. Finally, new fiscal and monetary policy responses crafted over the past two recessions need to be fully incorporated into the material of macro principles going forward.