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.     

Do Recent PhD Economists Feel Prepared to Teach Economics?

A survey of recent economics PhDs who graduated from U.S. PhD programs and are now teaching in either the United States or Canada revealed that only half of the respondents who taught a stand-alone course during their doctoral program had any teacher preparation training. Those who did have training only felt “adequately” prepared for teaching. However, as a general rule, the respondents felt that they were well-prepared for teaching at the completion of their graduate program. The authors did not find significant differences in the responses of those who did complete formal pedagogical training during their doctoral program and those who did not. Those who completed training during their doctoral program appear to currently be more enthusiastic about training.     

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.     

Economics Goes to Hollywood: Using Classic Films and Documentaries to Create an Undergraduate Economics Course

The authors describe an interdisciplinary approach to teaching economics that uses a powerful contemporary medium, the motion picture, to establish the context for teaching elementary economics concepts. The plots and subplots in many films can be used to illustrate problems and issues that are amenable to economic analysis. They suggest how these films can be sequenced to create a general studies course for nonmajors.     

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.     

Integrating econometrics: A modern undergraduate economics capstone experience

Angrist and Pischke (2017) call for a pedagogical paradigm shift by pointing out that econometrics courses often do not align with modern empirical approaches employed by economists. This article's authors propose a modern capstone experience, designed to address these concerns by integrating econometrics into the traditional capstone approach. They couple a full econometrics course with a traditional capstone course by weaving a cohesive econometrics-heavy research paper through the two courses. They feel this approach addresses the lack of econometrics skills among economics majors while simultaneously making some necessary improvements to undergraduate econometrics content. They hope this article will be a valuable resource for programs changing course requirements or revamping their curriculum to better fit the increasing demand for data analysis skills in the job market.     

财经类院校高年级本科生科研能力培养模式研究

面对人才需求的日益多元化,财经类院校如何培养出满足这一需求的创新型和高层次人才具有极大的现实意义。首先分析加强高年级本科生科研能力培养的意义,接着对其中存在的问题进行深入分析,进而以安徽财经大学经济学院为例,从完善本科生导师制、以经济学国家级特色专业建设为契机、依托大学生科研项目等方面探讨如何提升高年级本科生科研创新的能力。     

Economics Courses Offered and Required in Two-year Colleges

Reporting the results of a nation-wide survey of economics in junior colleges, Dawson lists the courses given and indicates which students are required to take economics. Not surprisingly, Principles of Economics is most common, and business students are the ones most likely to be required to take it. The average number of courses offered is three, although some schools offer as many as 10. A breakdown by type of college (public, independent, church-related) is presented, and suggestions for improvement are offered.     

Incorporating research findings in the economics syllabus: evidence on genuine sociality from Italy and the UK

Economics education is proving slow in incorporating into the syllabus the genuine advances made in economics research in the last few decades. As economics education relies primarily on the single approach of neoclassical economics, whilst recent advances in research have been marked by a wide variety of approaches, many of which are interdisciplinary, the methodological divide between education and research is growing wider. We attempt to measure how keen students are to incorporate research findings in the syllabus by developing a questionnaire which introduces undergraduate students in Italy and the U.K. to key findings in the research literature on genuine sociality, an area in which the methodological divide is very noticeable. Students display moderate support for being taught the material on genuine sociality. Students who wish to incorporate genuine sociality in the syllabus tend to be older, value virtue and have a religion.     

Integrating Applied Field Work into the Undergraduate Economics Curriculum

This article documents the development and implementation of an undergraduate research methods course incorporating field work. Conducted in collaboration between the UW-Eau Claire Department of Economics and local elected officials and county staff in Buffalo County, Wisconsin undergraduate students were assigned the task of developing and presenting initiating a county-wide economic redevelopment strategy during the Spring term 2018. Course specific learning goals included: Hard skills development (software usage, data acquisition and analysis, benchmarking, and survey design) and soft skills development (presentation of sensitive economic information to lay audiences and teamwork). Initial results suggest that field-based coursework improves student learning, student interest in economics, improve local economic performance, and may help to bridge the “Town versus Gown” divide.     

A Survey of Principles Instructors: Why Lecture Prevails

For many years, surveys have shown that lecture is the dominant method for teaching principles of economics (Watts and Schaur 2011; Watts and Becker 2008; Becker and Watts 1996, 2001a, b). The authors confirm this and augment it by asking why principles instructors teach the way they do. The respondents, 340 principles instructors at the 2012 Allied Social Science Associations (ASSA) conference, group into thirds: one-third saying that students learn best from lecture; another third reporting that students do not learn best from lecture, but it is cost-effective; and the rest answering that students do not learn best from lecture, so alternatives are preferred. Lecture advocates often cite the inputs and costs of teaching while advocates of alternatives often cite student outcomes.     

Core Requirements for the Economics Major

In this article, the authors are the first to describe the core economics curriculum requirements for economics majors at all American colleges and universities, as opposed to a sample of institutions. Not surprisingly, principles of economics is nearly universally required and implemented as a two-semester course in 85 percent of economics major programs. Most schools do not prescribe the order in which the principles sequence is taken. The intermediate courses are commonly required, although variation exists across institution types. While the quantitative requirement for the major has increased since 1980, significant differences exist among institutions and by academic rankings. As compared to 1950, there has been an increase in the number of required economics credit hours for the major.     

Teaching Methods in U.S. Undergraduate Economics Courses

In 1995 and 2000, the authors surveyed academic economists in the United States to establish how economics is taught in four types of undergraduate courses. The authors report overall findings from the 2000 survey and compare these results with the aggregate findings for respondents from all types of colleges and universities in the 1995 survey. The basic finding is that, despite some indications of increased emphasis and interest in teaching over this period, the teaching methods in these courses have changed very little over the past five years and are still dominated by “chalk and talk” classroom presentations.     

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.     

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.     

对我国研究型大学本科教育的思考

从优质生源、人才培养以及学校声望等角度探讨了研究型大学重视本科教育的必要性,指出了研究型大学本科教育中存在定位不准、教师不愿意从事本科教学、教学资源严重不足以及精品教材奇缺等问题,提出了成立本科教育改革委员会、建立具有研究型大学特色的本科生导师制、提倡和鼓励教师开展研究性教学和规范教材建设等建议。     

Economic Education in Schools and Universities in England

The authors review three aspects of economic education in England. They examine trends in undergraduate economics in England, principally in terms of recruitment and outcomes and connections with economics in schools. They also review formal instruction in schools through so-called “advanced level” courses for 16–19-year-old students and the role of the academic community in recent research in England on economic education.     

Preparing Graduate Students in Economics for Teaching: Survey Findings and Recommendations

Survey data from PhD-granting economics departments are used to assess the teaching preparation of graduate students in economics. The results show that relatively few departments require graduate student instructors to take a credit course in teaching before teaching their own course or leading a recitation section. Although more graduate student instructors are required to take a noncredit course in teaching before serving as an instructor or recitation leader, the value of such noncredit courses may be limited. The assessment of teaching preparation by department chairs shows mixed responses, with about three-fifths rating it as very good or good and about two-fifths considering it to be only adequate or poor. Recommendations are offered for improving the teaching preparation of graduate student instructors in economics.     

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.     

Impostors in the Temple,by Martin Anderson

The Teaching Innovations Program (TIP) was a six-year project funded by the National Science Foundation that gave economics instructors the opportunity to learn interactive teaching strategies for use in undergraduate economics courses. TIP participants first attended a teaching workshop that presented various teaching strategies. They then could enroll in a follow-up program of online instruction and mentoring to learn more about one or two teaching strategies. TIP participants also had the opportunity to engage in the scholarship of teaching and learning economics to share their work. A retrospective survey was administered to the participants after attending the program to obtain a longitudinal assessment of TIP. This article presents the overall survey findings and discusses the results from each TIP phase (workshop, online instruction, and scholarship).