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 either. Jobs for economics graduates declined in the U.S. 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. Undergraduate economics degree counts for the U.S. updated through June 2000 are reported in the appendix.
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Bibliographic InfoPaper provided by Vanderbilt University Department of Economics in its series Vanderbilt University Department of Economics Working Papers with number 0047.
Date of creation: Nov 2000
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Web page: http://www.vanderbilt.edu/econ/wparchive/index.html
Undergraduate; economics; degrees;
Other versions of this item:
- John J. Siegfried & David K. Round, 2001. "International Trends in Economics Degrees During the 1990s," The Journal of Economic Education, Taylor & Francis Journals, Taylor & Francis Journals, vol. 32(3), pages 203-218, January.
- A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- William E. Becker, 1997. "Teaching Economics to Undergraduates," Journal of Economic Literature, American Economic Association, 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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