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Calculus Attainment and Grades Received in Intermediate Economic Theory

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  • Li, Mingliang
  • Tobias, Justin

Abstract

We revisit the work of Butler et al. (1998) who examine the effect of mathematical preparation on grades received in intermediate economic theory courses. Using a Bayesian approach under reasonably 'diffuse' priors, we are able to replicate their two-step point estimates almost exactly. We also introduce a new model specification that accounts for the censoring and discrete nature of the outcome variable (grade received). The results from this specification echo the conclusions of the original paper-the level of calculus attained plays an important role in explaining grades received in intermediate micro theory. Copyright © 2006 John Wiley & Sons, Ltd.
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  • Li, Mingliang & Tobias, Justin, 2006. "Calculus Attainment and Grades Received in Intermediate Economic Theory," Staff General Research Papers Archive 12292, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genres:12292
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    Cited by:

    1. Surendran Padmaja, Subash & KHED, VIJAYALAXMI Dundappa & Krishna, Vijesh V., 2021. "What Would Others Say? Exploring the Gendered and Caste-based Social Norms in Central India through Vignettes," 2021 Annual Meeting, August 1-3, Austin, Texas 314028, Agricultural and Applied Economics Association.
    2. William H. Greene & David A. Hensher, 2008. "Modeling Ordered Choices: A Primer and Recent Developments," Working Papers 08-26, New York University, Leonard N. Stern School of Business, Department of Economics.
    3. William Greene, 2007. "Discrete Choice Modeling," Working Papers 07-6, New York University, Leonard N. Stern School of Business, Department of Economics.

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