International Trends in Economics Degrees During the 1990s
AbstractAustralia, Canada, Germany, and the United States experienced a substantial decline in undergraduate degrees in economics from 1992 through 1996, followed immediately by a modest recovery. This cycle does not conform to overall degree trends, shifts in the gender composition of undergraduate populations, or changing interests of female students in any of the four countries. There is no evidence that changes in the “price” of a degree to students, tightened marking standards or degree requirements, or changes in pedagogical methods caused the cycle. Jobs for economics graduates declined in the United States between 1988 and 1990 and thereafter recovered. With a two-year recognition lag, the pattern of employment prospects fits the U.S. slump in economics degrees perfectly. Unfortunately, employment patterns in the other three countries are inconsistent with the degree cycle. The explanation that fits the economic degree pattern best is interest in business education.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal The Journal of Economic Education.
Volume (Year): 32 (2001)
Issue (Month): 3 (January)
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Other versions of this item:
- John J. Siegfried & David K. Round, 2000. "International Trends in Economics Degrees During the 1990s," Vanderbilt University Department of Economics Working Papers 0047, Vanderbilt University Department of Economics.
- A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
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- William E. Becker, 1997. "Teaching Economics to Undergraduates," Journal of Economic Literature, American Economic Association, vol. 35(3), pages 1347-1373, September.
- Alauddin, Mohammad & Valadkhani, Abbas, 2003. "Causes and Implications of Declining Economics Major: A Focus on Australia," MPRA Paper 50393, University Library of Munich, Germany.
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