Undergraduate economics degrees awarded by U.S. colleges and universities increased almost 12 percent from 2013 through 2015, then stabilized at a little above the 2015 level until 2018, after which they began an accelerating decline over the past five years to end back at a little below 2015 levels.

In this article, the authors document the educational pedigrees of faculty at the top 96 economics programs in the United States. They use roster data of 96 top U.S. economics departments to provide a comprehensive update and expansion on data regarding the academic origins--both undergraduate and doctoral--of tenure-track faculty. Nearly 60…

The authors of this article examine trends in the economics discipline regarding the classification of some undergraduate economics majors, i.e., econometrics and quantitative economics degrees, as STEM. According to the Integrated Postsecondary Education Data System (IPEDS), the number of institutions conferring undergraduate econometrics and…

Undergraduate economics degrees awarded by U.S. colleges and universities were stagnant from 2010 (2009-10) through 2013, increased almost 14 percent from 2013 through 2015, and have subsequently stabilized at just above one percent annual growth.

The money creation and monetary policy chapters in the leading introductory textbooks commonly present an outdated and misleading approach that is now largely irrelevant. A preferable model would help students understand that money and monetary policy are about bank and household motives, the importance of capital, and the role of credit. An…

Angrist and Pischke (2017) call for a pedagogical paradigm shift by pointing out that econometrics courses often do not align with modern empirical approaches employed by economists. This article's authors propose a modern capstone experience, designed to address these concerns by integrating econometrics into the traditional capstone approach.…

The author discusses the development of a unique course, The Economics of Online Dating. The course is an upper-level undergraduate course that combines intensive discussion, peer review, and economic theory to teach modeling skills to undergraduates. The course uses the framework of "online dating," interpreted broadly, as a point of…

A survey of instructors and data collected from course syllabi and examinations are used to examine how the subject of development economics is taught at the undergraduate and master's levels in developing countries, compared to undergraduate classes in the United States. Topic coverage, teaching approach, and means of assessment all differ from…

In this study, the authors analyze the undergraduate economics coursework of U.S. college graduates who became pre-college classroom teachers. The results show that teachers successfully completed on average the equivalent of about half an economics course in their undergraduate coursework. About 6 in 10 teachers earned no course credits in…

The Baccalaureate and Beyond study from the National Center for Education Statistics at the U.S. Department of Education contains a nationally representative set of transcript data from colleges and university graduates in the 2007-2008 academic year, the latest year for which such data are available. The authors use the transcript data to analyze…

In this article, the author considers the merits of two classes of profit maximization problems: those involving perfectly competitive firms with quadratic and cubic cost functions. While relatively easy to develop and solve, problems based on quadratic cost functions are too simple to address a number of important issues, such as the use of…

The number of undergraduate economics degrees awarded by colleges and universities in the United States rose by 18 percent from 2007 to 2010. The upward trend ended abruptly in 2010 and was followed by three years of virtual stagnation (Siegfried 2014). In 2013-14, undergraduate economics degrees began to accelerate again, rising about 5 percent…

Several leading undergraduate intermediate macroeconomics textbooks now include a simple reduced-form New Keynesian model of short-run dynamics (alongside the IS-LM model). Unfortunately, there is no accompanying description of how the zero lower bound on nominal interest rates affects the model. In this article, the authors show how the…

Undergraduate degrees awarded in economics by U.S. colleges and universities were stagnant from 2009-10 through 2012-13, but have increased rapidly (almost 14 percent) over the two years from 2012-13 through 2014-15.

Adverse selection as it relates to health care policy will be a key economic issue in many upcoming elections. In this article, the author lays out a 30-minute classroom experiment designed for students to experience the kind of elevated prices and market collapse that can result from adverse selection in health insurance markets. The students…