1 / 10

Graduate Program in Economics?

Graduate Program in Economics?. Amanda Anderson – UW Oshkosh Faculty Advisors: M. Ryan Haley, Sarinda Taengnoi. Background. Increased interest in a graduate program for Economics MA Economics existed at UWO until the mid 1980s

grace
Download Presentation

Graduate Program in Economics?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Graduate Program in Economics? Amanda Anderson – UW Oshkosh Faculty Advisors: M. Ryan Haley, SarindaTaengnoi

  2. Background • Increased interest in a graduate program for Economics • MA Economics existed at UWO until the mid 1980s • Number of Econ majors has increased from < 20 to nearly 200 • The last 6-8 yrs. many UWO undergrads to grad programs elsewhere • Econ dept. joined COB – soon to be in a new state-of-the-art academic building • Determine the viability of MA program at UWO • Many benchmark schools have similar programs • Determine likelihood of sustaining a new program

  3. Motivation • Gain research experience • The prior failure of a Masters program in Economics at UWO • Develop a more efficient and concrete means for decision making

  4. Data • Compared to benchmark universities: • Size 10,000 students and greater • Great Lakes region: IL, WI, OH, MI, IN • At least an undergrad program in Econ • Compiled data for each school on: • Size • Rating • Econ department size • Degrees available • Enrollment • Conferment • Admittance scores • Student to faculty ratio • COB relationship

  5. Data Sources • Integrated Post-secondary Education Database (IPED) by the U.S. Department of Education. • StateUniversity.com • Website for each individual university included in the study • Variables: 2008 academic year to current • 47 Universities

  6. Methodology • LOGIT model was most appropriate • Use dummy variable: Econ Grad Program • Provides a probability model using current school statistics

  7. Models • LOGIT A: • Dependent variable: Graduate program in Econ dummy • Independent variables: Economics faculty size, COB dummy, undergrad Econ diplomas, ACT, student/faculty ratio • Multicollinearity leading to Z suppression, but pseudo R2 of 0.2477 • LOGIT B: • Dependent variable: Graduate program in Econ dummy • Independent variables: COB dummy and ACT • Reduces multicollinearity, but pseudo R2 decreased to 0.1620 • Most parsimonious model – includes most statistically significant predictors

  8. Descriptive Statistics

  9. Probability Results • LOGIT A =1/(1+ exp (5.582617+1.547932*[COB dummy]-0.2716347*[ACT])) • LOGIT B=1/(1+ EXP(-0.2593125+ 0.043009* [Econ Faculty]+0.6626516* [COB dummy]-0.0182598* [Econ undergrad diplomas]-0.128417* [ACT]+0.132186* [student/faculty ratio]))

  10. Conclusion UW Oshkosh has a probability of 35.18% with LOGIT A and 54.36% with LOGIT B indicating that there is evidence that a Masters of Economics program is supportable and appropriate.

More Related