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ECONOMICS FOR A HIGHER EDUCATION
William E. Becker*
In Becker (1997), I called attention to economists’ lack of interest in the teaching
of economics and the plunging number of majors in economics within the United States.
Six years later I reported on the growth in economists’ interest in the teaching of
economics and an apparent turn-around in the number of majors (Becker, 2003). For
instance, when economics degrees were at a relative high of 2.13 percent of all U.S.
Bachelor’s degrees awarded in 1988, only a couple of sessions at Allied Social Science
Associations meetings were devoted to the teaching of economics. At the low point for
economics degrees in 1996, there were six ASSA sessions devoted to teaching
economics, with an explosion to 16 such sessions by 2002.
The mistaken notions that there are no incentives for teaching and that teaching
does not matter in a student’s choice of a course of study were refuted by the revealed
preferences of academic economists at these ASSA meetings, where attendance in these
higher numbers of sessions on teaching economics were also among the highest of all
sessions. Economists apparently recognized that their teaching is one of the few policy
levers they controlled, but that does not necessarily imply that they have learned what is
required for good teaching (Becker and Watts, 1996; 2001), or what should be taught. In
this article I primarily address the latter (content) with passing reference to the former
(teaching methods). In essence, in this article I synthesize my articles in the Chronicle of
Higher Education (Becker, 2001), and Southern Economic Journal (Becker, 2003).
For some time within the United States there has been a move to impose standards
on high school subjects, including expectations of students passing literacy tests in
economics for high school graduation (Siegfried and Meszar
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