Six guidelines for teaching intermediate macroeconomics

This is the first article that compares terminal master's degree programs in economics from universities that have a PhD program in economics with those that do not offer PhD programs in economics. The authors compare these differences based on surveys in 2002 and 2012. They examine differences in general program characteristics, department faculty, admission requirements, student characteristics, financial aid, and graduation and placement rates. They find statistically significant differences in all of these categories and also find that some of the differences and similarities have changed over time.     

Foreign Students and Graduate Economic Education in the United States

Of late, over half the Ph.D.'s awarded in economics in the United States have gone to foreigners. At the same time, time-to-completion of a Ph.D. has risen. The presence of many foreign students in graduate economics programs may provide some insight for this longer duration. This article explores this relationship and offers an explanation for the large number of foreign students studying in the United States.     

Teacher training for PhD students and new faculty in economics

Past studies suggest that a majority of economics graduate students engage in teaching-related activities during graduate school and many go on to academic positions afterwards. However, not all graduate students are formally prepared to teach while in graduate school nor are they fully prepared to teach in their first academic position. The authors characterize current teaching experience and training of graduate students from the point of view of directors of graduate studies and of newly minted academic economists. The authors also query department chairs and new faculty about teacher training, support available for new faculty, and the degree to which newly hired Ph.D. economists are prepared to teach. Findings indicate that while some training is available, there is room for enhancing teacher training in economics.     

Reviewers for Volume 41

The authors document the types of undergraduate colleges and universities attended by those who earned a doctorate in economics from an American university from 1966 through 2003. They examine relationships between type of undergraduate institution and attrition and time-to-degree in PhD programs. The total number of new economics PhDs awarded to U.S. citizens has declined precipitously over the past 30 years. Concurrently, the number of new economics doctorates who hold undergraduate degrees from U.S. universities has fallen by half, from a high of about 800 in 1972 to about 400 in 2003. Among those who have earned undergraduate degrees from American institutions, the mix of schools attended by the doctorates has remained relatively stable, with about 55 percent of those who earn a PhD in economics each year holding their bachelor's degree from a university that offers a PhD in economics and a bit more than 10 percent holding a bachelors degree from a selective liberal arts college. Currently, 18 of the 25 American undergraduate institutions that send the largest percentage of their graduating classes on to earn a PhD in economics are liberal arts colleges. Graduates of liberal arts colleges also have shorter time-to-degree and higher verbal Graduate Record Exam (GRE) scores than other economics PhD students.     

Have economic educators embraced social media as a teaching tool?

In this article, the authors discuss the results of a study of the perceptions of a national sample of economics faculty members from various institutions regarding the use of social media as a teaching tool in and out of the economics classroom. In the past few years, social media has become globally popular, and its use is ubiquitous among students. As such, some instructors have incorporated social media into their courses to engage students. Others are reluctant to embrace social media, citing privacy concerns, social media being more of a distraction than a useful tool, and the challenge of keeping up with social media developments, among others. The authors characterize economics faculty's perceptions of the use of social media platforms for economic instruction.     

How is development economics taught in developing countries?

A survey of instructors and data collected from course syllabi and examinations are used to examine how the subject of development economics is taught at the undergraduate and master's levels in developing countries, compared to undergraduate classes in the United States. Topic coverage, teaching approach, and means of assessment all differ from that in leading U.S. economics departments. Development economics is taught largely as a theoretical subject coupled with case studies in developing countries, with few courses emphasizing use of data or empirical methods. Limited financial resources, the educational level of students, and low involvement of instructors in research are considered as explanations for the way the subject is taught in developing countries. The authors conclude with suggestions for improving teaching of development economics.     

The Masters of Economics: Where are we Now?

In this article, the authors present results from a survey of Masters of Economics program directors to determine the missions, inputs, and outcomes of these degree programs throughout the United States and Canada. They compare results of this survey to those of two previous studies that they conducted 20 and 10 years ago. Respondents were asked to provide information on program admission requirements, curriculum, faculty characteristics, enrollment, graduation rates, student financial support, and placement. The authors describe the changes that have occurred in the most recent decade; determine whether the changes they observed between 1992 and 2002 have continued, been reinforced, or been reversed in the most recent 10 years; and determine whether any consistent long-term trends are evident over the 20 years of study.     

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.     

Letter from the Editors

The authors explore academic misconduct in various forms and consider the role of student perceptions. They gather data from students in introductory economics courses regarding 31 types of misconduct. They estimate the relevance of various determinants of misconduct, acknowledging that they may vary across misconduct type and that students' perceptions may influence their behavior. Their estimates reveal that although there are determinants that influence student behavior across misconduct type, some types of misconduct have a unique set of determinants. They find that a student's perception of what constitutes misconduct is an important component of this behavioral decision. These results imply that to reduce a particular type of cheating, one must consider its specific determinants and ensure that students believe that the act is misconduct. In addition, students must believe that the probability of being caught is high.     

Take My Course,Please: The Effects of the Principles Experience on Student Curriculum Choice

Using a large multi-school sample, the authors examined how the characteristics and attitudes of students interact with the pedagogy and attributes of the instructor to influence students' decisions to study economics beyond the first semester. They found that students who have a predisposition to major in economics, who find economics relevant, who believe they understand economics as well as their classmates, and who expect higher grades in economics relative to their other classes are more likely to continue. They found evidence that teaching techniques and evaluation methods influence all of these factors except for the predisposition to major in economics. Some, but not all, of these techniques are particularly successful in influencing the decisions of female students.     

Why it Pays to Major in Economics

In this article, the authors use a large, recent, and accessible data set to examine the effect of economics major on individual earnings. They find a significant positive earnings gain for economics majors relative to other majors, and this advantage increases with the level of education. Their findings are consistent with Black, Sanders, and Taylor (2003), documenting that about two-thirds of the bachelor's degree premium for economics majors can be attributed to the type of job economics majors perform, and about one-third is a premium that economics majors earn over other workers within the same job.     

Gordon Tullock and Richard McKenzie. The New World of Economics.

The authors extend the literature on the efficacy of high school economics instruction in two directions. First, they assess how much economic knowledge that California students acquired in their compulsory high school course is retained on their entering college. Second, using as a control group some college students from the state of Washington, where there is no mandate for high school economics instruction, the authors evaluate the impact of California's high school economics mandate on students’ economic literacy when they enter college. The testing instrument is the Test of Economic Literacy (TEL).     

Undergraduate Coursework in Economics: A Survey Perspective

Survey results from a large sample of economics departments describe offerings for principles courses, coursework requirements for economics majors, and program augmentations such as capstone courses, senior seminars, and honors programs. Findings are reported for all institutions, and institutions are subdivided into six different categories based on public or private control and the highest economics degree offered. The coursework required for the economics major typically consists of ten courses, five in a required core and five electives. The most conspicuous curriculum change over the past 30 years is the rise of econometrics as a required course, now mandatory at about half of major programs. The authors estimate that about 40 percent of students who matriculate as first-year undergraduates take at least one economics course before they leave.     

Community college economics instruction: Results from a National Science Foundation Project

The principal investigator of a National Science Foundation project, “Economics at Community Colleges,” surveyed community college economics faculty and organized workshops, webinars, and regional meetings to address community college faculty isolation from new ideas in economics and economics instruction. Survey results, combined with National Study of Postsecondary Faculty data, help fill a lacuna in information about community college faculty. A key finding is the reliance in community college economic instruction on part-time faculty, including many who do not hold a graduate degree in economics. The project's webinars reached the most community college faculty, while the workshops were most effective in improving economics instruction. Areas for future research are identified.     

Teaching College Economics in the High Schools: The Role of Concurrent Enrollment Programs

The authors examine concurrent enrollment programs (CEP) as an effective means of teaching college economics in high school. They describe the establishment of the National Alliance of Concurrent Enrollment Partnerships to set national standards for CEP. They also investigate the performance of high school students taking the Syracuse University one-semester micro/macro principles of economics course through its CEP, Project Advance, on the Test of Economic Literacy. CEP students average nearly 1 percentage point higher than do the advanced placement/honors economics group and score considerably better in fundamentals and international economics. By cognitive levels, CEP students score over 4 percentage points in the knowledge area and exhibit better performance on application questions.     

Assessing the Role of Business Schools in the Market for New Economics Ph.D.'s

The projected oversupply of new economics Ph.D.'s and its implications for college and university programs are explored. The authors discuss under-graduate enrollments, the emergence of business schools as a growth market for economists, relative salary movements, “field switching,” and shifts in the kinds of doctoral degrees that faculties have. Their findings are important both to those planning to earn Ph.D.'s in economics and to universities that train economists.     

An Integrated Modular Approach to Teaching Introductory Economics

The authors describe the design and administration of a large two-semester course in principles of economics that permits both students and faculty some choice of both subject matter and meeting times during the semester. Students complete a standardized nine-week core and are then allowed to select topical modules. Advantages and disadvantages are discussed.     

A Preliminary Report on the Efficiency of Introductory Economics Courses

This article is the first report of a project in which the efficiency of the introductory economics course at Queen's University in Canada is being examined. Finding that the TUCE “relies too heavily on a knowledge of U.S. institutions,” Crowley and Wilton assembled a set of questions from several sources (including TUCE items adapted to the Canadian situation). Taking into account the student's initial understanding of economics, sex, major field, student year, the instructor's ability to arouse and maintain interest, and the amount of time spent on the course, the authors employ a regression model with student score on the posttest as the dependent variable. Their findings, although preliminary, add to the growing body of research on the introductory course and suggest some interesting possibilities. Among these possibilities is the fact that some “natural” learning may occur among students not exposed to a formal economics course.     

A Model of Economics Learning in the High Schools

The effectiveness of the Developmental Economic Education Project (DEEP) of the Joint Council of Economic Education (JCEE) and the International Paper Company Foundation (IPCF) awards program for teaching economics is evaluated in this article. The effects these programs have on achievement in economics (ACH), attitudes towards economics as a subject (ATE), and economic attitude sophistication (EAS) are observed. The authors' study shows that DEEP schools had a positive effect on students in these three areas. The results of the IPCF program are less encouraging with students actually showing less economic understanding as a consequence of being taught by an award winning teacher.     

The Status of Econometrics in the Economics Major: A Survey

In this article, the authors describe the place of econometrics in undergraduate economics curricula in all American colleges and universities that offer economics majors as listed in the U.S. News & World Report “Best Colleges 2010” guide (U.S. News & World Report 2009). Data come from online catalogs, departmental Web sites, and online course syllabi. About one-third of the schools require econometrics of all students majoring in economics, about half require it of none, and a sixth require it of some, but not all, economics majors. Among universities with economics PhD programs and liberal arts colleges, almost all those ranked in the top 10 require it. Below the top 10, there is little correlation between ranking and econometrics requirements. Liberal arts econometrics classes are much more likely to require research projects than their counterparts in universities.