We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Does more calculus improve student learning in intermediate micro and macroeconomic theory - Essay Example

Comments (0)
Summary
Mathematics as a discipline has a very important place in the school curriculum all over the world. It also enjoys close relationship to almost every other discipline taught in the school. The relationship between mathematics and economics is as good as is between mathematics and physics…
Download full paper
GRAB THE BEST PAPER

Extract of sample
Does more calculus improve student learning in intermediate micro and macroeconomic theory

Download file to see previous pages... Does learning calculus really improve learning micro and macroeconomics theory
The question seems important to improve the student performance in economics theory. This will also help in understanding why the student with poor calculus understanding finds it hard to grasp the concepts in micro and macroeconomic theory. The calculus itself is a very vast topic categorized in to two parts the differential and integral calculus. Which of these two parts share close proximity with economics theory The undergraduate economics prerequisite should be specifically for differential or integral or for both In the following paragraphs I intend to address this question of significance of calculus learning for the intermediate students learning micro and macroeconomic theory by replicating the article, "Does more calculus improve student learning in intermediate micro and macroeconomic theory", Co-authored by J.S. Butler, T. Aldrich Finegan and John J. Siegfried from the department of economics, university of Vanderbilt, Nashville, TN 37235, USA, published in the journal of applied econometrics , mar/apr 1998; 13,2.
The students records of nearly all the Vanderbilt university undergraduates who entered the college of Arts and Science as freshmen during the August 1983 -1986 and studied Microeconomic theory (micro -2) or intermediate Macroeconomic theory (macro -2)or both, constituted the d...
The independent variable here is the calculus course taken by the students. Depending on the variety of calculus course available the key independent variables were seven namely Math 170, Math 171A-B, Math 172 A-B, Math 221 A-B and Math 222. The dependent variable is performance in micro-2 and macro -2.
A two stage estimation procedure was used to cope with the problem of selection bias. In the first stage ordered probit model was used to predict the highest level of calculus attained by each student prior to taking each intermediate theory course. In the second stage the grades in Micro-2 or Macro-2 (the dependent variable)is regressed on the actual level of the calculus attained (independent variable). This can be written in simple words as the grades earned in the calculus course are used to predict the grade in the economic course. The ability and motivation of the students became the control variables. The ordinary least square estimation is used as there are twelve categories of grades depicting cardinal measure of performance. The ordered probit was appropriate for the purpose of this study as the various calculus courses can be ordered in accordance with the difficulty of the course material covered, whereas the difference in the courses can't be measured cardinallly. Individuals are the units of abservation.
Table one
Calculus courses taken by Vanderbilt undergraduates: descriptions and ranking in the ordered probit
Course
(credit hours)
Description
Math 170
(4)
Analytic Geometry and calculus: A basic course in rudiments of analytic geometry and differential and integral calculus, with emphasis on application. Designed for students who do not plan to further study the calculus. No background in ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Calculus
As in the rest of the significant fields in Mathematics, Calculus intellectuals had professed to work with a base knowledge of other math areas such as algebra and trigonometry to lay foundations and build on definitions, postulates, and theorems in conveying the purpose of the course and attain to its end thereafter.
2 Pages(500 words)Essay
Describe your understanding of student centred learning and how your skills development at university can improve your curriculu
At Canterbury Christ Church University (CCCU), the Academic Board and personnel are committed to achieve its mission “to pursue excellence in academic and professional higher education thereby enriching both individuals and society” (CCCU: Mission, 2009, par.
8 Pages(2000 words)Essay
Macroeconomic Theory ECON302
Therefore, the private individual disposable income forms the total income, when there is an absence of government spending in that economy. Keynes argue that aggregate demand is the sole cause of instability in the business cycle and consequently the economy, and observes that it is through government intervention that such instability can be applied to stabilize the business cycle (Carbaugh, 132).
5 Pages(1250 words)Essay
Unemployment in Macroeconomic Theory
This essay focuses on the theoretic description of the types of unemployment in macroeconomics, while identifying main causes of each of these types. The main types identified are cyclic, voluntary, seasonal, frictional and structural unemployment. There are measures that must be put in place in order to solve each of the type.
6 Pages(1500 words)Essay
Macroeconomic theory
What explains the divergence And perhaps equally important, what conditions either lead to further divergences or produce convergence North (1990, pp. 6-7). In the context of the present paper, the above questions have two implications. First, what macroeconomic policy-mix is conducive to economic growth Second, why do governments of some countries adopt the optimal policy mix and the others do not There has been extensive research into the first question with regard to open developing economies (see for example, Little et al., 1993; World Bank, 1987).
3 Pages(750 words)Essay
Application of Theory to Student Learning
This theory is very supportive in students’ learning because due to applying this theory, they are capable to switch from a classroom environment to real life environment easily because of the
4 Pages(1000 words)Essay
What Effects Does Reading Recovery Have on Student Learning
s stem from their individualized one to one tutoring whereby the slow learners are specially trained to develop a self-extending system whereby they can be brought into the average level of the regular classroom instruction. As such these programs call for trained and
9 Pages(2250 words)Research Paper
Macroeconomic Theory and Policy
For neoclassical economics, government spending is not a major determinant, and it emphasizes on business investment and consumer spending while Keynesian economics is highly dependent on government
4 Pages(1000 words)Essay
More testing, More learning
I find his expressions as crucial aspects that address a situation just as my own all the way through college where professors hardly give students
2 Pages(500 words)Essay
Human Resources NHS report
Thus, human resource management is a crucial strategy for hospitality and care set ups to maintain the efficiency, responsibility and treatment services (Beard, 2009). In the current study, Accident and emergency care department of the NHS are analysed to obtain the
8 Pages(2000 words)Essay
Let us find you another Essay on topic Does more calculus improve student learning in intermediate micro and macroeconomic theory for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us