LSAT® Scores of Economics Majors: The 2012–13 Class Update

Using 1994–95, 2002–3, and 2008–9 data, the author found that economics majors scored well on the LSAT® (1998, 2006, 2010). These results are often posted on university economics (and other) department Web sites. The author, who updates the prior studies using current data for law school applicants for the 2012–13 class of students entering law school, finds that economics majors continue to perform at or near the top of all majors applying for law school. Economics majors (LSAT® score of 159.1) had the highest score of the 16 largest disciplines (those with more than 1,000 students entering law school). Economics places second behind math/physics (161.8) in a set of 29 discipline groupings that contain at least 325 students with similar majors.     

Incentive Matters!—The Benefit of Reminding Students About Their Academic Standing in Introductory Economics Courses

In this article, the authors illustrate how incentives can improve student performance in introductory economics courses. They implemented a policy experiment in a large introductory economics class in which they reminded students who scored below an announced cutoff score on the midterm exam about the risk of failing the course. The authors employed a regression-discontinuity method to estimate the causal impact of their policy on students’ performance on the final exam. The results suggest that the policy had a significant impact on students’ performance on the final exam. In fact, the gain in test scores was sufficient to boost a student's overall course grade by one letter grade.     

An Approach to Testing the Effectiveness of the Teaching and Learning of Economics in High School

Based on data on students in a college economics principles course over a nine-year period, the authors conclude that high school economics does improve performance in the principles course but does not influence grades in intermediate theory classes.     

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).     

A Note on the Environment as a Factor Affecting Student Performance in Principles of Economics

This study examines the environment in which students live and function as a determinant of performance in the first course in economics. The author concludes that the student's living arrangement does influence the stock of economic knowledge at the end of the course and observes a surprising, if tentative, consequence of students having taken a course in high school economics.     

Factors Affecting the Content of High School Economics

Several years ago there was great interest in the high school economics course. Studies were being made of the effectiveness of high school economics, of the relationship between the student's high school economics background and his or her performance in the college principles course, and of the economic knowledge of precollege teachers. Strom's article may bring about a revival of interest in secondary school economic instruction. He has considered variables not previously taken into account, he has addressed the problem of defining the high school course, and—perhaps most important—he has suggested that the two-step factor analysis/regression procedure may be superior to the standard regression analysis in economic education research.     

基础教育中的同伴效应估计

对基础教育阶段不良同伴带来的短期和中长期效应的评估已经成为劳动经济学的热点话题.文章根据最新的2014年中国教育追踪调查( China Education Panel Survey, CEPS)微观数据,考察了不良同伴对学生标准化考试成绩的影响.为了克服反射(reflection)和自选择问题带来的估计偏误,文章依据班级上不良学生的比例而非传统文献采用的同伴成绩来刻画学生所处的班级环境,并控制了组群的自然特征.在控制学生个体特征和家庭因素后发现,学生所在班级中存在不良同伴,会对学生自身的学习成绩造成显著的负面影响,这一作用在高年级(初三)表现得尤为明显.班级不良同伴比例提高10%会带来平均成绩下降约2分.分样本的回归显示,男性学生、家庭经济状况不佳的学生和住校生的学习成绩对班级不良同伴的反应更敏感.而学校类型的异质性分析则表明,同伴效应在办学情况较差的学校和乡镇/农村学校表现得更明显.进一步的分位数回归结果表明,不良同伴产生的负面效应对成绩较差的学生影响更大.文章的研究发现有利于丰富学界对教育生产函数的认识,也为今后的教育政策提供有益参考.     

LSAT Scores of Economics Majors: The 2003-2004 Class Update

Abstract: Using 1994-1995 data, Nieswiadomy (1998) found that economics majors scored well on the Law School Admissions Test. These results are frequently posted on university Web sites by economics departments. However, because the results are nearly 10 years old, it may be interesting to determine if economics majors still perform as well. The author, using current data for the 2003-2004 class of students entering law school, finds that economics majors still performed at or near the top of all majors taking the test. Economics majors rank first (156.6) of the 12 largest disciplines (those with more than 2,200 students entering law school). Economics ranks third behind physics/math (158.9) and philosophy/religion (157.4) in a set of 29 discipline groupings that are created to yield at least 700 students with similar majors.     

Social norms of sharing in high school: Teen giving in the dictator game

We conduct a study of altruistic behavior among high school students using the dictator game. We find a much stronger norm of equal splitting than previously observed in the typical university student population, with almost 45% of high school subjects choosing an equal split of the endowment. Tests indicate that this difference is not due to factors traditionally considered in the analysis of these games, such as demographics. Rather, we find that dictators who score higher on a Social Generosity measure are much more likely to conform to the 50/50 norm. Additionally, high school students who score in the high range of an Independence measure send significantly less to recipients.     

Pecuniary Effects,Second-Order Conditions,and the LRAC Curve

In the continuing controversy over the one-semester as opposed to the two-semester introductory economics course, Paden and Moyer present evidence in support of the latter. They report on an experiment in which students in two-semester courses performed significantly better on objective tests than those in one-semester courses, after adjustments were made for such things as differences in initial knowledge of economics, student ability and influence of teaching assistants.     

Is an economics degree good preparation for the LSAT?

Those aspiring to law school must first complete the Law School Admissions Test, or LSAT. When ranking undergraduate majors by mean LSAT scores, economics has proven to be near the very top, if not the number-one major, over the last two decades. The goal of this analysis is the search for additional evidence that an economics degree is good preparation for the LSAT beyond mean score comparisons. After controlling for pre-college academic ability, collegiate academic ability, variables related to law school aspirations, institutional characteristics, several collegiate experiences, and demographics, the author finds that an economics degree has a positive and statistically significant association with higher LSAT performance.     

Evolution of the Masters in Economics

In this article, the authors update their previous study of terminal master's degree in economics programs to determine whether changes in the characteristics and students or the desired outcomes of master's programs have occurred during the decade between the two studies. The authors find that there are now fewer programs and on average, there has been a reduction in rigor in terms of degree requirements. They also find some evidence for increased diversity of faculty in these programs. The average number of students in programs remained about the same over the decade, but the average number of faculty serving these students decreased. While some differences are found, overall the authors conclude that master's in economics programs have not dramatically changed over the past 10 years.     

新自由主义经济学中的政府观及其启示

新自由主义经济学各流派是现代经济学丛林中的奇葩。在充分肯定市场作用的前提下,具有各不相同的政府观。了解和认识新自由主义经济学各流派的政府观,并进行系统比较和总结,对中国在全球化背景下形成和构建政府观具有极其重要的意义。     

Joint Determination of Current Classroom Performance and Additional Economics Classes: A Binary/Continuous Model

Students in DEEP high schools are found to score higher on the Test of Economic Literacy but are less likely to want another course in economics than students who are not in DEEP schools.     

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.     

High School Economics: Problems and Prospects

Asserting that the basic problem in high school economics is that we have not identified “what high school economics ought to be,” Warmke proceeds to spell out some of the specific obstacles hindering the development of more and better secondary level courses. He then discusses some of the more encouraging trends in research, teaching, teacher-training, materials development, and the like, and makes some cautious projections for the future.     

Effects of free textbooks on academic performance: Evidence from China's compulsory education

Since little is known about the effects of free textbooks on compulsory school students in China, this paper examines the effects of free textbooks on the academic performance of Chinese middle school students. It combines propensity score matching and difference-in-difference estimation to control for both observable and unobservable factors that affect the probability of obtaining free textbooks as well as students' academic performance. Results indicate that free textbooks significantly improve the midterm scores of girls and rural students, and the effects vary across different subjects. Moreover, the impact mechanisms of free textbooks are different for different groups and different subjects.     

Teacher and Student Economic Understanding in Transition Economies

This study describes a new data set and uses it for an exploratory investigation of whether seminars for teachers conducted by the National Council on Economic Education through its International Education Exchange Program (IEEP) had a beneficial effect on the economic understanding of the high school students of these teachers. The data were collected using a non-equivalent control group design that sorted teachers into two groups based on whether or not they participated in an IEEP seminar. Pre- and posttests of economics were administered to the students of these teachers in Lithuania, Ukraine, Kyrgyzstan, and Poland. The exploratory results showed a larger increase in the economic understanding of students of teachers who participated in the IEEP seminars compared with students of teachers who did not. The results also showed that knowledge of economics among IEEP teachers was a factor for improving student achievement in economics. The findings should be viewed with caution because of data limitations.