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Why do students study economics?

  • Andrew Mearman

    ()

    (University of the West of England, Bristol)

  • Aspasia Papa

    (University of the West of England, Bristol)

  • Don J. Webber

    ()

    (University of the West of England, Bristol)

This paper presents a chronological, adaptive and reflective investigation into students’ perceptions of and motivations for choosing to study economics. Applications of multiple techniques to student-level primary data reveal the following. First, students’ perceptions of economics are on average somewhat negative, although there is considerable variation. Second, they regard economics as having value, in terms of providing insight, specialist knowledge, and skills of argumentation (all of which are perceived to be superior to peers). Third, they recognise the subject yields financial and other career advantages and has kudos. Fourth, they suggest that the relevance and usefulness of economics is important and consequently that excessive theorisation and a lack of practicality are problematic. These findings have considerable implications for how economics is taught, and for the nature of the subject itself.

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File URL: http://www2.uwe.ac.uk/faculties/BBS/BUS/Research/Economics13/1303.pdf
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Paper provided by Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol in its series Working Papers with number 20131303.

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Date of creation: 03 Jan 2013
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Handle: RePEc:uwe:wpaper:20131303
Contact details of provider: Postal: 0117 328 3610
Phone: 0117 328 3610
Web page: http://www1.uwe.ac.uk/bl/research/bristoleconomics.aspx

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  1. Peter Davies & Ross Guest, 2010. "What effect do we really have on students' understanding and attitudes? How do we know?," International Review of Economic Education, Economics Network, University of Bristol, vol. 9(1), pages 6-9.
  2. Walker, Ian & Zhu, Yu, 2010. "Differences by Degree: Evidence of the Net Financial Rates of Return to Undergraduate Study for England and Wales," IZA Discussion Papers 5254, Institute for the Study of Labor (IZA).
  3. C. Bram Cadsby & Elizabeth Maynes, 1998. "Laboratory experiments in corporate and investment finance: a survey," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 19(4-5), pages 277-298.
  4. John R. Carter & Michael D. Irons, 1991. "Are Economists Different, and If So, Why?," Journal of Economic Perspectives, American Economic Association, vol. 5(2), pages 171-177, Spring.
  5. Colander, David & Klamer, Arjo, 1987. "The Making of an Economist," Journal of Economic Perspectives, American Economic Association, vol. 1(2), pages 95-111, Fall.
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  7. Don J. Webber & Andrew Mearman, 2012. "Students’ perceptions of economics: identifying demand for further study," Applied Economics, Taylor & Francis Journals, vol. 44(9), pages 1121-1132, March.
  8. Andrew Mearman & Tim Wakeley & Gamila Shoib & Don J. Webber, 2011. "Does Pluralism in Economics Education Make Better Educated, Happier Students? A Qualitative Analysis," International Review of Economic Education, Economics Network, University of Bristol, vol. 10(2), pages 50-62.
  9. David Colander, 2000. "Telling Better Stories in Introductory Macro," American Economic Review, American Economic Association, vol. 90(2), pages 76-80, May.
  10. repec:lan:wpaper:2155 is not listed on IDEAS
  11. repec:lan:wpaper:2153 is not listed on IDEAS
  12. repec:lan:wpaper:2271 is not listed on IDEAS
  13. Robert F. Garnett Jr. & Andrew Mearman, 2011. "Contending perspectives, 20 years on: what have our students learned?," International Journal of Pluralism and Economics Education, Inderscience Enterprises Ltd, vol. 2(1), pages 2-18.
  14. Andrea L. Ziegert & KimMarie McGoldrick, 2008. "When Service is Good for Economics: Linking the Classroom and Community through Service-Learning," International Review of Economic Education, Economics Network, University of Bristol, vol. 7(2), pages 39-56.
  15. Paul Ormerod, 2003. "Turning the Tide: Bringing Economics Teaching into the Twenty First Century," International Review of Economic Education, Economics Network, University of Bristol, vol. 1(1), pages 71-79.
  16. Robert Garnett & Andrew Mearman, 2011. "Contending Perspectives, Twenty Years On: What Have Our Students Learned?," Working Papers 201104, Texas Christian University, Department of Economics.
  17. Siegfried, John J & Round, David K, 1994. "The Australian Undergraduate Economics Degree: Results from a Survey of Students," The Economic Record, The Economic Society of Australia, vol. 70(209), pages 192-203, June.
  18. Daniel R. Marburger, 2001. "Absenteeism and Undergraduate Exam Performance," The Journal of Economic Education, Taylor & Francis Journals, vol. 32(2), pages 99-109, January.
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