ERIC Number: EJ1355726
Record Type: Journal
Publication Date: 2022
Pages: 9
Abstractor: As Provided
ISBN: N/A
ISSN: ISSN-0022-0485
EISSN: EISSN-2152-4068
Is Economics STEM? Process of (Re)classification, Requirements, and Quantitative Rigor
Journal of Economic Education, v53 n3 p250-258 2022
From 2012 to 2019, the proportion of undergraduate economics degrees denoted as "Econometrics and Quantitative Economics" (STEM-eligible) conferred annually increased from 1 percent to 22 percent. The authors present results from a survey of the 73 institutions conferring at least one STEM-eligible economics degree in 2017 or 2018. They find that most institutions (59%) offer both traditional and STEM-eligible degrees and report needing departmental, college/university committee, and provost/dean approval to (re-)classify. The main motivation for this change is maintaining consistency with an increasingly quantitative discipline (73%). The significant differences in requirements between STEM-eligible and traditional economics degrees are the proportion requiring single variable calculus (91% vs. 69%), multivariable calculus (70% vs. 31%), linear algebra (48% vs. 21%), basic econometrics (96% vs. 77%), and advanced econometrics (48% vs. 8%).
Descriptors: Economics Education, STEM Education, Undergraduate Students, Difficulty Level, Teaching Methods, Classification, Educational Change, Calculus, Advanced Courses, Mathematics Instruction, Required Courses, School Surveys, Academic Degrees, Academic Standards, Institutional Characteristics
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Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A