Scholastic Aptitude and Studying For an Exam: Input Substitution in Grade Production

Authors

  • Steven B Isbell

Abstract

The score on the first exam in a principles of macroeconomics course is estimated as a function of time spent studying and academic background (as measured by grade point average).  Results show that academic background is relatively more important than studying, though both inputs are subject to diminishing returns.  Exam score is also subject to decreasing returns to scale.

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Published

2001-12-01