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Does More Calculus Improve Student Learning in Intermediate Micro and Macro Economic Theory?

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  • Butler, J S
  • Finegan, T Aldrich
  • Siegfried, John J

Abstract

Using a selection bias correction model with ordered probit, we estimate how a second semester of calculus affects students' grades in intermediate economic theory. Selection bias correction is needed because similar aptitudes and interests often lead students to enroll and do well in both mathematics and economics. A sample of students enrolled in 49 classes of intermediate micro and 41 classes of intermediate macro is used to estimate the model. The results show a predicted payoff from a second semester of calculus of about one whole letter grade in intermediate micro, but no payoff in intermediate macro. © 1998 John Wiley & Sons, Ltd.

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Bibliographic Info

Article provided by American Economic Association in its journal American Economic Review.

Volume (Year): 84 (1994)
Issue (Month): 2 (May)
Pages: 206-10

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Handle: RePEc:aea:aecrev:v:84:y:1994:i:2:p:206-10

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Cited by:
  1. Wan-Ju Iris Franz, 2007. "Grade Inflation under the Threat of Students' Nuisance: Theory and Evidence," Working Papers 070806, University of California-Irvine, Department of Economics.
  2. Luis Cabral & Ben Polak, 2007. "Dominant Firms, Imitation, and Incentives to Innovate," Working Papers 07-6, New York University, Leonard N. Stern School of Business, Department of Economics.
  3. Kirchgässner, Gebhard, 2011. "Kaderschmieden der Wirtschaft und/oder Universitäten? Der Auftrag der Wirtschaftsuniversitäten und -fakultäten im 21. Jahrhundert," Economics Working Paper Series 1107, University of St. Gallen, School of Economics and Political Science.
  4. Jeffrey J. Green & Courtenay C. Stone & Abera Zegeye & Thomas A. Charles, 2007. "Changes in Math Prerequisites and Student Performance in Business Statistics: Do Math Prerequisites Really Matter?," Working Papers 200704, Ball State University, Department of Economics, revised Jul 2007.
  5. William H. Greene & David A. Hensher, 2008. "Modeling Ordered Choices: A Primer and Recent Developments," Working Papers 08-26, New York University, Leonard N. Stern School of Business, Department of Economics.
  6. Lagerlöf, Johan N.M. & Seltzer, Andrew J, 2008. "The Effects of Remedial Mathematics on the Learning of Economics: Evidence from a Natural Experiment," CEPR Discussion Papers 6895, C.E.P.R. Discussion Papers.
  7. Dancer, Diane M, 2003. "The Gender Issue Revisited: A Case Study of Student Performance in Economics and Econometrics," Economic Analysis and Policy (EAP), Queensland University of Technology (QUT), School of Economics and Finance, vol. 33(1), pages 73-89, March.

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