THE ECONOMIC MAJOR
WHO OFFERS IT AND WHAT IS REQUIRED OF STUDENTS?
Keywords:economics major, economics minor, course requirements, undergraduate, regression
This paper econometrically investigates what variables impact the probability a college/university offers an undergraduate major in economics, multiple tracks within the major, or economics minor. Data is collected from four-year, comprehensive institutions, with control variables accounting for whether the school is public, year founded, enrollment, if the school offers a business degree, and selectivity measures. In addition, data is collected on the requirements of economics majors across institutions. Regression is used to determine what institutional variables influence specific track requirements, such as math/statistics, econometrics, capstone course, and internship. Given the unique data set that has been created, this paper offers new information and several conclusions about the economics major.
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