{"title":"The Frank W. Taussig Research Paper Award for Economics Undergraduates","authors":"","doi":"10.1177/0569434520982496","DOIUrl":"https://doi.org/10.1177/0569434520982496","url":null,"abstract":"","PeriodicalId":85623,"journal":{"name":"The American economist","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-02-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0569434520982496","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46088802","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Irving Fisher Research Paper Award for Economics Graduate Students","authors":"","doi":"10.1177/0569434520982454","DOIUrl":"https://doi.org/10.1177/0569434520982454","url":null,"abstract":"","PeriodicalId":85623,"journal":{"name":"The American economist","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-02-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0569434520982454","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46741726","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
J. Lewer, Colin Corbett, Tanya M. Marcum, Jannett Highfill
{"title":"Modeling Student Effort: Flat Tires and Dead Batteries","authors":"J. Lewer, Colin Corbett, Tanya M. Marcum, Jannett Highfill","doi":"10.1177/0569434521991044","DOIUrl":"https://doi.org/10.1177/0569434521991044","url":null,"abstract":"This article develops a student effort model that considers several uncertainties students face: the chance of missing an exam as well as the uncertainty associated with translating knowledge into an exam grade. The model suggests that student effort increases when makeup exams are offered and when grading protocols are adopted that reduce knowledge-to-grade frictions; effects on student utility depend on time endowments, and leisure preferences. JEL Classifications: A20, D81, I21","PeriodicalId":85623,"journal":{"name":"The American economist","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-02-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0569434521991044","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48750067","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A Note Concerning the Dynamics of Government Bond Yields","authors":"Tanweer Akram","doi":"10.1177/0569434520988275","DOIUrl":"https://doi.org/10.1177/0569434520988275","url":null,"abstract":"Keynes argued that the central bank can influence the long-term interest rate on government bonds and the shape of the yield curve mainly through the short-term interest rate. Several recent empirical studies that examine the dynamics of government bond yields not only substantiate Keynes’s view that the long-term interest rate responds markedly to the short-term interest rate but also have relevance for macroeconomic theory and policy. This article relates Keynes’s discussions of money, the state theory of money, financial markets, investors’ expectations, uncertainty, and liquidity preference to the dynamics of government bond yields for countries with monetary sovereignty. Investors’ psychology, herding behavior in financial markets, and uncertainty about the future reinforce the effects of the short-term interest rate and the central bank’s monetary policy actions on the long-term interest rate. JEL classifications : E12; E40; E43; E50; E58; E60; F30; G10; G12; H62; H63","PeriodicalId":85623,"journal":{"name":"The American economist","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-01-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0569434520988275","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42045830","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Too Much of a Good Thing: Quality-Differentiated Demand and Monopoly Bias","authors":"Charles L Adams","doi":"10.1177/0569434521999988","DOIUrl":"https://doi.org/10.1177/0569434521999988","url":null,"abstract":"Previous teaching notes focused on the logic and mechanics of a quality-differentiated linear demand structure. This note takes up the question of potential bias in how markets respond to quality-related aspects of consumer choice. Earlier examples demonstrated instances where monopoly interests might conflict with those of consumers in matters of quality choice. This article points to a more general propensity toward excessively high levels of quality under a monopoly market structure. JEL Classifications: D4, D41, D42","PeriodicalId":85623,"journal":{"name":"The American economist","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0569434521999988","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42760387","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Friends in Close Places: Social Ties in Economic Education Research","authors":"Zachary Ferrara","doi":"10.1177/0569434520973433","DOIUrl":"https://doi.org/10.1177/0569434520973433","url":null,"abstract":"This article examines whether the author–editor social connections identified by Tommaso Colussi among general-interest economic journals offer similar benefits to contributors to three top economic education field journals. I find that 6.7% to 8.7% of articles in these journals are written by connected authors and published when the related editor is in charge. Authors who are or were employed at the same institution as an editor are found to have published significantly more papers in the journal where said editor is in charge. Authors connected to editors through co-authorship and overall connections achieve similarly positive results when using expanded parameters for social connections. JEL Classifications: A14, A20","PeriodicalId":85623,"journal":{"name":"The American economist","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-12-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0569434520973433","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47625052","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Does Advanced Placement Economics Exam Participation and Performance Predict Undergraduate Economics Major Completion?","authors":"Laura J. Ahlstrom","doi":"10.1177/0569434520973682","DOIUrl":"https://doi.org/10.1177/0569434520973682","url":null,"abstract":"Students who take an Advanced Placement (AP) Microeconomics and/or AP Macroeconomics exam may be more interested in economics than their non-AP exam peers and more likely to complete an economics major. Performance on AP exams in economics may also affect students’ economics major completion. This study uses binary probit estimations to assess how participation in and performance on AP exams in economics affects students’ completion of an economics major. The findings suggest students who take both AP exams in economics are significantly more likely to graduate with an economics major compared with non-AP students who complete their introductory economics coursework in college. In addition, strong performance on the AP Microeconomics exam significantly increases a student’s probability of earning an economics major. Receiving high scores on both AP Economics exams is also significantly and positively correlated with economics major completion. JEL Classifications : A21, A22","PeriodicalId":85623,"journal":{"name":"The American economist","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0569434520973682","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41347004","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Carlos J. Asarta, R. G. Chambers, Cynthia L. Harter
{"title":"Teaching Methods in Undergraduate Introductory Economics Courses: Results From a Sixth National Quinquennial Survey","authors":"Carlos J. Asarta, R. G. Chambers, Cynthia L. Harter","doi":"10.1177/0569434520974658","DOIUrl":"https://doi.org/10.1177/0569434520974658","url":null,"abstract":"This article presents the first report of basic findings from the 2020 online administration of the sixth national quinquennial survey on teaching and assessment methods. Focusing on the teaching methods in introductory economics courses (i.e., principles and survey courses), the authors find that very little has changed in the past quarter-century. The typical instructor in introductory courses is predominantly a male, Caucasian, with a PhD. “Chalk and Talk” remains the preferred method of instruction in introductory courses, along with the use of textbooks. The use of “student(s) with student(s)” discussions in the classroom, as well as cooperative learning/small-group assignments, has increased since 2010. Lessons, activities, and references that address diversity, inclusion, or gender issues, however, are almost never used in introductory economics courses. JEL Classifications : A20, A22","PeriodicalId":85623,"journal":{"name":"The American economist","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0569434520974658","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42822705","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Who Publishes in Economic Education? A Bibliographic Analysis of the First 50 Years of the Journal of Economic Education","authors":"P. Grimes, F. Mixon","doi":"10.1177/0569434520974258","DOIUrl":"https://doi.org/10.1177/0569434520974258","url":null,"abstract":"We examined the characteristics of the authors who published academic articles in the Journal of Economic Education (JEE) during its first 50 years and identify those economists who were most productive in developing economic education as a specialized field. Employing bibliometric data, we review trends in the salient characteristics of authorship with special attention paid to gender, geography, institutional affiliation, and other factors. We also explore the JEE’s impact on the development of teaching-related research through citation analysis over the course of the journal’s various editorial regimes. The results reveal the relative impacts of authors and their economic education scholarship over the past half century and provide some insight into the possible future of the field. JEL Classifications: A20, A14","PeriodicalId":85623,"journal":{"name":"The American economist","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0569434520974258","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47750235","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Federal Reserve Economic Data: A History","authors":"Diego Mendez-Carbajo, Genevieve Podleski","doi":"10.1177/0569434520973989","DOIUrl":"https://doi.org/10.1177/0569434520973989","url":null,"abstract":"This article describes the contributions of the Federal Reserve System to the production and distribution of economic data. First, we present a chronological account of those contributions. Next, we describe the origins and evolution of the data information services provided by the Federal Reserve Economic Data (FRED) online database, its partnership with sources, and the profile of its users. Next, we review the data-related educational outreach efforts of the Federal Reserve Bank of St. Louis, presenting some evidence of their impact. A summary and several reflections on the future of economic data and education conclude the article. JEL Classifications: N22, E01, A20","PeriodicalId":85623,"journal":{"name":"The American economist","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0569434520973989","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46499216","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}