Seventeen years ago, a blue-ribbon committee of economists asserted that the “ideal” program for an economics major should include “a capstone experience, whereby students apply their knowledge and skills in creative and systematic ways through research and writing.” (Seigfried, Bartlett, Hansen, Kelley, McCloskey, and Tietenberg (1991)) Yet we are not aware of a data-driven assessment of an implemented senior capstone experience in the economics education literature. We have been experimenting with a senior capstone experience – based on research and writing – for more than a decade. In this paper we describe the history of our senior capstone experience, and provide a data-driven assessment of student performance in this experience. Our primary objective for this senior capstone has been to create a system that will result in all of our majors writing a competent senior thesis. In other words, we want to attain universal competence in a complex skill. This simple objective has, however, been very difficult to achieve. We will argue that undesired variation in student motivation has been our primary obstacle in attaining universal competence.
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Paper provided by Elon University, Department of Economics in its series Working Papers with number
2008-06.