Does more calculus improve student learning in intermediate micro- and macroeconomic theory?

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Does more calculus improve student learning in intermediate micro- and macroeconomic theory?

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J. S. Butler (Department of Economics, Vanderbilt University, Nashville, TN 37235, USA)
T. Aldrich Finegan (Department of Economics, Vanderbilt University, Nashville, TN 37235, USA)
John J. Siegfried (Department of Economics, Vanderbilt University, Nashville, TN 37235, USA)

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John J. Siegfried

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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Article provided by John Wiley & Sons, Ltd. in its journal Journal of Applied Econometrics.

Volume (Year): 13 (1998)
Issue (Month): 2 ()
Pages: 185-202
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Handle: RePEc:jae:japmet:v:13:y:1998:i:2:p:185-202

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Article
- Butler, J S & Finegan, T Aldrich & Siegfried, John J, 1994. "Does More Calculus Improve Student Learning in Intermediate Micro and Macro Economic Theory?," American Economic Review, American Economic Association, vol. 84(2), pages 206-10, May. [Downloadable!] (restricted)

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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. [Downloadable!]
Johan N.M. Lagerlöf & Andrew J. Seltzer, 2007. "The Effects of Remedial Mathematics on the Learning of Economics: A Natural Experiment," Royal Holloway, University of London: Discussion Papers in Economics 07/03, Department of Economics, Royal Holloway University of London, revised Aug 2007. [Downloadable!]
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. [Downloadable!]
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. [Downloadable!]

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