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Incorporating Problem Based Service Learning into the Public Finance Course

Incorporating Problem Based Service Learning into the Public Finance Course. James Booker Economics and Environmental Studies Departments Siena College jbooker@siena.edu. Problem based service learning.

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Incorporating Problem Based Service Learning into the Public Finance Course

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  1. Incorporating Problem Based Service Learning into the Public Finance Course James Booker Economics and Environmental Studies Departments Siena College jbooker@siena.edu New York State Economic Association Annual Meeting, October 16-17, 2009, Ithaca, NY.

  2. Problem based service learning “a rigorous integration of service-learning with real-life problem-solving in curriculum design and teaching.” (Vermont Campus Compact, 2009) New York State Economic Association Annual Meeting, October 16-17, 2009, Ithaca, NY.

  3. Contexts • service learning and mission • community based work • alternative learning styles • group work and engagement • undergraduate research • oral communication skills • existing “Siena Hudson Greenway Project” New York State Economic Association Annual Meeting, October 16-17, 2009, Ithaca, NY.

  4. New York State Economic Association Annual Meeting, October 16-17, 2009, Ithaca, NY.

  5. Where is the Economics? Conduct cost-benefit analyses of selected greenway corridors as about 50% of a Public Finance course. New York State Economic Association Annual Meeting, October 16-17, 2009, Ithaca, NY.

  6. Opportunities for integration with a Public Finance course • cost benefit analysis • nonmarket valuation • tax incidence (e.g. consequences of reassessment) • local government economic impact analysis (e.g. costs and revenues from new development) New York State Economic Association Annual Meeting, October 16-17, 2009, Ithaca, NY.

  7. More generally ... Is PBSL simply new language and a new argument for: • undergraduate research • client based course projects • group research ????????????????? New York State Economic Association Annual Meeting, October 16-17, 2009, Ithaca, NY.

  8. PBSL paradigm (after Gordon, 2003) • Project Design (meetings and more meetings) • Community Partner (client letter) • Building Community in the Classroom (“charrette”) • Building Student Capacity (BCA emphasis) • Problem Statements • Project Management • Assessment of Learning (peer evaluations) • Reflection and Connection New York State Economic Association Annual Meeting, October 16-17, 2009, Ithaca, NY.

  9. Community partner New York State Economic Association Annual Meeting, October 16-17, 2009, Ithaca, NY.

  10. Building Community in the Classroom New York State Economic Association Annual Meeting, October 16-17, 2009, Ithaca, NY.

  11. New York State Economic Association Annual Meeting, October 16-17, 2009, Ithaca, NY.

  12. New York State Economic Association Annual Meeting, October 16-17, 2009, Ithaca, NY.

  13. New York State Economic Association Annual Meeting, October 16-17, 2009, Ithaca, NY.

  14. New York State Economic Association Annual Meeting, October 16-17, 2009, Ithaca, NY.

  15. ECON 320/FINC 422 – Public Finance Analysis 2: CBA for a Direct Walkway to the New Residential Core The new residential core will be centered roughly on the current location of the student parking lot and debris pile next to Colbeth. A proposal to build a direct walkway to the main campus (joining it near Morrell) would require a bridge over the wetland area abutting Cushing Village. Below are rough cost and benefit estimates for the impacts on Siena students of such a walkway. Prepare a cost benefit analysis, for construction of such a direct walkway to the new residential core. Because costs are largely paid through tuition, there is no substantial difference between a student, college, or national perspective carrying out your analysis. time period (years) 15 (real) discount rate 0.04 Size of dorm (beds): 268 Time savings per single trip (min): 4 Value of student time savings ($/hr) 5 Round trips/day (average) 1.5 Construction cost ($) 250,000 O&M cost ($/yr) 10,000 1. Find the present value of benefits and costs, and find the NPV and BCR for the project. Make other appropriate assumptionsas needed; be explicit about these. New York State Economic Association Annual Meeting, October 16-17, 2009, Ithaca, NY.

  16. More capacity building: a wiki as a collaborative tool New York State Economic Association Annual Meeting, October 16-17, 2009, Ithaca, NY.

  17. New York State Economic Association Annual Meeting, October 16-17, 2009, Ithaca, NY.

  18. Peer assessment of charrette New York State Economic Association Annual Meeting, October 16-17, 2009, Ithaca, NY.

  19. Will community and capacity building lead to learning? New York State Economic Association Annual Meeting, October 16-17, 2009, Ithaca, NY.

  20. What I think I know • Coverage of disciplinary material reduced more than proportionally • Team building is time consuming • Whole enterprise is risky • I need to engage my passions in PBSL • Rewards come at unlikely times from unlikely places • Student benefit observed over long run New York State Economic Association Annual Meeting, October 16-17, 2009, Ithaca, NY.

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