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The Status of Econometrics in the Economics Major: A Survey

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  • Bruce K. Johnson
  • John J. Perry
  • Marie Petkus

Abstract

In this article, the authors describe the place of econometrics in undergraduate economics curricula in all American colleges and universities that offer economics majors as listed in the U.S. News & World Report “Best Colleges 2010” guide ( U.S. News & World Report 2009). Data come from online catalogs, departmental Web sites, and online course syllabi. About one-third of the schools require econometrics of all students majoring in economics, about half require it of none, and a sixth require it of some, but not all, economics majors. Among universities with economics PhD programs and liberal arts colleges, almost all those ranked in the top 10 require it. Below the top 10, there is little correlation between ranking and econometrics requirements. Liberal arts econometrics classes are much more likely to require research projects than their counterparts in universities.

Suggested Citation

  • Bruce K. Johnson & John J. Perry & Marie Petkus, 2012. "The Status of Econometrics in the Economics Major: A Survey," The Journal of Economic Education, Taylor & Francis Journals, vol. 43(3), pages 315-324, July.
    • Handle: RePEc:taf:jeduce:v:43:y:2012:i:3:p:315-324
    DOI: 10.1080/00220485.2012.686782
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    References listed on IDEAS

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    1. KimMarie McGoldrick, 2008. "Writing Requirements and Economic Research Opportunities in the Undergraduate Curriculum: Results from a Survey of Departmental Practices," The Journal of Economic Education, Taylor & Francis Journals, vol. 39(3), pages 287-296, July.
    2. David Colander & Hugo Nopo Key Words: Latin American economics, global economics, political economy, graduate training, Latin America, applied economics, 2007. "The Making of a Latin American Global Economist," Middlebury College Working Paper Series 0705, Middlebury College, Department of Economics.
    3. David Colander, 2005. "The Making of an Economist Redux," Journal of Economic Perspectives, American Economic Association, vol. 19(1), pages 175-198, Winter.
    4. John J. Siegfried, 2010. "Trends in Undergraduate Economics Degrees, 1991--2009," The Journal of Economic Education, Taylor & Francis Journals, vol. 41(3), pages 326-330, June.
    5. David Colander, 2007. "Introduction to The Making of an Economist, Redux," Introductory Chapters, in: The Making of an Economist, Redux, Princeton University Press.
    6. Pinto, Hugo, 2011. "The role of econometrics in economic science: An essay about the monopolization of economic methodology by econometric methods," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 40(4), pages 436-443, August.
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    1. Marketa Halova Wolfe, 2023. "Incorporating Racial Justice Topics into an Econometrics Course," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 49(3), pages 312-327, June.
    2. Johnson, Marianne & Kovzik, Alexander, 2016. "Teaching comparative economic systems 25 years after the collapse of the Soviet Union," International Review of Economics Education, Elsevier, vol. 22(C), pages 23-33.
    3. Shaar, Karam & Baharumshah, Ahmad Zubaidi, 2016. "US-China trade: Who is telling the truth?," Working Paper Series 19470, Victoria University of Wellington, School of Economics and Finance.
    4. Kiran Gajwani & Jeffrey Miron, 2015. "Engaging Undergraduates in Economics," The Journal of Economic Education, Taylor & Francis Journals, vol. 46(2), pages 200-206, April.
    5. Derek Yu & Atoko Kasongo & Mariana Moses, 2017. "Examining the Performance of the South African Economics Departments, 2005-2014," South African Journal of Economics, Economic Society of South Africa, vol. 85(1), pages 138-158, March.
    6. Tisha L. N. Emerson & KimMarie McGoldrick & John J. Siegfried, 2018. "The Gender Gap in Economics Degrees: An Investigation of the Role Model and Quantitative Requirements Hypotheses," Southern Economic Journal, John Wiley & Sons, vol. 84(3), pages 898-911, January.
    7. Cladera, Magdalena, 2021. "Assessing the attitudes of economics students towards econometrics," International Review of Economics Education, Elsevier, vol. 37(C).
    8. Brad R. Humphreys & Joshua C. Hall & Hyunwoong Pyun, 2015. "An Inventory of Sports Economics Courses in the US," Working Papers 15-49, Department of Economics, West Virginia University.
    9. Christopher C. Klein, 2013. "Econometrics as a Capstone Course in Economics," The Journal of Economic Education, Taylor & Francis Journals, vol. 44(3), pages 268-276, September.
    10. Ishuan Li & Robert Simonson, 2016. "Capstone senior research course in economics," The Journal of Economic Education, Taylor & Francis Journals, vol. 47(2), pages 161-167, April.
    11. Shaar, Karam & Baharumshah, Ahmad Zubaidi, 2016. "US-China trade: Who is telling the truth?," Working Paper Series 5146, Victoria University of Wellington, School of Economics and Finance.
    12. Marie Petkus & John J. Perry & Bruce K. Johnson, 2014. "Core Requirements for the Economics Major," The Journal of Economic Education, Taylor & Francis Journals, vol. 45(1), pages 56-62, March.

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