A Student Learning Inventory for Economics Based on the Students' Experience of Learning: A Preliminary Study

The authors present the initial development of a student learning inventory (SLI) that is specific to economics. This approach, which is based on the student experience of learning (SEL) literature, emphasizes aspects of prior knowledge in the learning history of entering first-year students. Preliminary insights from a first SLI suggest that on entry to university, students show considerable variation in their perceptions of what economics is and what economists do. From the SEL perspective, such variation affects student learning. It is argued that continued development of an economic-specific SLI may result in a better understanding of students' learning engagement with economics and ultimately assist instructors in better understanding student learning difficulties and increase student success in first-year economics.     

Teacher Training and Teacher Optimism about the American Economic System

The amount and type of economic-education training teachers receive have predictable effects on the teachers' optimism about the future of the American economic system.     

Two Decades of Trends in Undergraduate Economics Degrees, 1991–2011

The trend in U.S. undergraduate economics degrees continued its upward trajectory in 2010 to 2011, growing by an average of 4 percent.     

Trends in Undergraduate Economics Degrees, 1991–2009

The trend in U.S. undergraduate economics degrees continued its upward trajectory in 2008–9.     

A Microcomputer Program That Simulates the Baumol-Tobin Transactions Demand for Money

The Baumol-Tobin approach for explaining the transactions demand for money has become standard in upper-division macroeconomic courses and is even used in many principles courses. This article describes a microcomputer program that permits students to learn the theory by experimenting with cash-management techniques. Suggestions are given for incorporating the technique into a course.     

Trends in Undergraduate Economics Degrees, 1991 to 2001

The author reviews and recommends Alan S. Blinder's Hard Heads, Soft Hearts: Tough-Minded Economics for a Just Society.     

International Trends in Economics Degrees During the 1990s

Australia, Canada, Germany, and the United States experienced a substantial decline in undergraduate degrees in economics from 1992 through 1996, followed immediately by a modest recovery. This cycle does not conform to overall degree trends, shifts in the gender composition of undergraduate populations, or changing interests of female students in any of the four countries. There is no evidence that changes in the “price” of a degree to students, tightened marking standards or degree requirements, or changes in pedagogical methods caused the cycle.

Jobs for economics graduates declined in the United States between 1988 and 1990 and thereafter recovered. With a two-year recognition lag, the pattern of employment prospects fits the U.S. slump in economics degrees perfectly. Unfortunately, employment patterns in the other three countries are inconsistent with the degree cycle. The explanation that fits the economic degree pattern best is interest in business education.     

Trends in Undergraduate Economics Degrees, 1991–2013

The 2007–10 growth spurt (18 percent over three years) in U.S. undergraduate economics degrees stalled out in 2011. Degrees awarded have been relatively constant over the past three years.     

Trends in undergraduate economics degrees, 1991–2017

Undergraduate degrees awarded in economics by U.S. colleges and universities were stagnant from 2009–10 through 2012–13, increased rapidly (almost 15 percent) over the two years from 2012–13 through 2014–15, but have again leveled off in 2015–16 and 2016–17.     

Trends in Undergraduate Economics Degrees, 1991–2012

The 2007–10 growth spurt (18 percent over three years) in U.S. undergraduate economics degrees came to an abrupt end in 2011 and 2012. Degrees awarded grew less than one percent over the past two years.     

Trends in Undergraduate Economics Degrees, 1991–2010

The trend in U.S. undergraduate economics degrees continued its upward trajectory in 2009–10.     

A Course in Economic Forecasting: Rationale and Content

This note shows that the impact of an increase in product price on factor demand in the typical textbook depiction is overstated to the point of indicating that competitive firms demand factors even when marginal product is negative.     

Reforming Undergraduate Instruction in Russia,Belarus, and Ukraine

The authors deal with the restructuring of undergraduate economics instruction at Moscow State University (MSU) since 1989. They examine how closely the reforms at MSU are mirrored by changes at Belarus State University in Minsk and at Kiev State University. They also consider, and often offer an “insider's” perspective on, several issues related to curriculum reform that go beyond what can be determined from published curriculum guides. Specifically, they consider such issues as the training and retraining of faculty members who teach courses in these departments, the use of translated Western textbooks versus locally developed textbooks, and problems that arise in departments where some faculty members teach Western economics but others continue to teach Soviet-style economics.     

Professional Developments and Opportunities

Surveys in 1995, 2000, 2005, and 2010 investigated teaching and assessment methods in different undergraduate courses. In this article, the authors offer basic results from the 2010 survey. “Chalk and talk” remains the dominant teaching style, but there were drops in mean (although not median) values for those pedagogies and some growth in the use of other methods, including class discussion and computer-generated displays. More instructors provided students with problem sets and class notes, and computer lab assignments were increasingly common in econometrics and statistics courses. Experiments are occasionally used in introductory courses but almost never used in other courses. Calculus is not viewed as important by a majority of instructors in any courses but is considered more important in intermediate theory and statistics and econometrics courses.