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Designing the Economics Curriculum: A Survey of the Use of \u27Big Ideas\u27 and Proficiencies
No full textMichael Salemi and John Siegfried have advocated several significant changes, most significantly the “big ideas” principles course, in undergraduate economic education and in the economics major. This article focuses on several of these recommendations and reports the results of a survey of economic department chairs across the United States to ascertain the extent to which the recommendations are either in place or are being considered for implementation. Results, reported by institution type and other characteristics, also show the extent to which department chairs are familiar with Hansen’s proficiencies and the degree to which changes have been implemented based on the proficiencies
Textbook Treatment of the Constant Growth Valuation Model: An Assessment of Congruence with Reality
No full textIt would be difficult for any informed financial market observer to overlook the fact that market prices often exhibit substantial, and sometimes extreme, deviation from perceived ‘fundamental values.’ During some periods, this deviation appears to be more extreme than in others. Anecdotally, it seems that even staunch believers in investing according to fundamental information have strayed from that strategy in preference for riding the market\u27s momentum. In this paper, we revisit models to approximate fundamental value, and compare these fundamental values to market values. We test for differences using CRSP and Compustat data from 1962 to 2002 for different industry classes of stocks. Of particular interest to the study is the magnitude of deviation and behavioral differences by industry classification
A Geometric Analysis of Global Profit Maximization for a Two-Product Firm
No full textThis paper analyzes several fundamental issues that arise in verifying a global maximum for a seemingly simple economic problem, profit maximization for a two-product firm. A new gradient path geometrical method of verifying a global maximum is presented that is analogous to the use of phase diagrams to solve for the equilibrium of a first-order differential equation system in two variables. An important advantage of the geometrical approach is that it always verifies a global profit maximum when the profit function is concave and it also verifies a global maximum in many cases where the profit function is neither concave nor quasiconcave
Improving Information Literacy in Finance
No full textThis study assesses information literacy in undergraduate finance students through the administration of surveys at the beginning and end of an introductory course. It describes how that particular course was altered in order to infuse information literacy and documents the increase in student information literacy upon completing the course. There are several key findings. First, the results indicate that students tend not to utilize their available resources unless specifically required to do so. Second, students require ongoing reinforcement of information literacy skills else they may deteriorate over time. Finally, students find the acquisition and utilization of discipline-specific information difficult
Understanding Employee Attitudes Towards Organizational DEI Initiatives: A Self-Determination Perspective
Get PDFThis dissertation examined the role of employees\u27 basic psychological need satisfaction— autonomy, competence, and relatedness—and its relationship to employee attitudes toward organizational diversity, equity, and inclusion (DEI) initiatives. Grounded in Self-Determination Theory (SDT) (Deci & Ryan, 2000), the study explored how fulfilling these needs influenced employees’ perceptions of value, attitudes towards and behavioral intentions regarding DEI initiatives. A review of relevant literature emphasized the intersection between motivational need satisfaction and diversity initiatives, particularly the role of intrinsic motivation in shaping attitudes. Data were collected from a sample of 269 U.S. based professionals via LinkedIn, Facebook, and Centiment, a third-party panel provider. Quantitative analyses assessed the relationships between psychological need satisfaction, perceived value of DEI, and employee attitudes. While the hypotheses predicting a direct positive relationship between need satisfaction and DEI attitudes were not supported, results showed that need satisfaction was significantly associated with perceived value of DEI initiatives. In turn, perceived value emerged as the strongest predictor of favorable attitudes toward DEI. Additionally, a supportive diversity climate was explored as a moderator between need satisfaction and attitudes These findings underscore the importance of designing DEI initiatives that clearly demonstrate their relevance and benefit to employees. This study contributes to ongoing conversations about DEI implementation by offering a motivational framework for understanding and influencing employee engagement. It offers practical guidance to managers seeking to foster inclusive cultures through strategies that resonate with employees’ psychological needs and perceived organizational fairness
Cultural Factors Associated With Parenting Practices and Wellbeing Among Pakistani Immigrants
No full textImmigrant parents experience many challenges when shifting to a new culture, such as rearing children in a culture different from the one in which they were reared. Adjusting to a new culture is associated with aspects of parental wellbeing and the parenting practices that they adopt (Murthy, 2024). This has been studied widely among immigrant parents, but not among Pakistani immigrants. The present descriptive study aimed to address the following questions among a sample of Pakistani immigrant participants (N = 61): 1) What parenting practices and values are embraced by Pakistani immigrant parents and to what extent are these values consistent with US culture and/or their culture of origin? 2) Are personal parenting values associated with demographic factors, including age at migration, education level, and income level? 3) To what extent are personal parenting values associated with ethnic identity and parental wellbeing? We administered open-ended and quantitative measures to measure parenting values, parental wellbeing, and ethnic identity. Endorsement of specific parenting values were largely unrelated to demographic factors with the exception of two findings consistent with hypotheses. Contrary to hypotheses, embracing parenting values from both cultures was largely unrelated to parental stress and parenting satisfaction. Notably, ethnic identity was negatively associated with societal-oriented parenting perfectionism. This research provided insight into how complex the transmission of parenting values can be for immigrant parents, with no one right or wrong way to raise one’s children in a culture different than one’s own