I encountered with Department of Agricultural, Environmental Developmental Economics in OSU by professor Tim Haab’s blog on environment economics http://www.env-econ.net/, where I learn the most cutting edge of academic research.
Oh crap. I better take this a little more serious.
From a Federal Reserve Board of Governors' Press Release:
Rutgers University won the 13th annual national College Fed Challenge on Thursday, a competition that encourages students to learn about the U.S. economy, monetary policymaking, and the role of the Federal Reserve System. The team, from New Brunswick, N.J., represented the New York Federal Reserve District and included Karn Dalal, Ali Haider Ismail, Andrew Lee, Shivram Viswanathan, and Ashton W. Welles. Jeffrey Rubin was the team's faculty adviser.
The finals were held in the Board Room at the Board of Governors as the capstone to five district competitions held around the country. The other national finalists were second place: Dartmouth College, with honorable mentions for Appalachian State University, Princeton University, and The University of Chicago. College Fed Challenge is a team competition for undergraduate students. Teams analyze economic and financial conditions and formulate a monetary policy recommendation, modeling the Federal Open Market Committee.
"Preparation for the Fed Challenge broadens students' understanding of the workings of the U.S. economy and the Federal Reserve," said Federal Reserve Board Chair Janet L. Yellen. "The competition provides a forum for participants to apply their knowledge in the areas of economics and finance and is intended to promote further study and perhaps even careers in these fields."
Teams competing in the College Fed Challenge finals gave 15-minute presentations and answered questions for a panel of judges. Teams were evaluated on economic analysis, responses to judges' questions, teamwork, and presentation. The judges were Ellen Meade, senior adviser in the Division of Monetary Affairs at the Federal Reserve Board; Argia Sbordone, vice president in the macroeconomic and monetary studies function of the Federal Reserve Bank of New York; and William A. Strauss, senior economist and economic advisor in the economic research department at the Federal Reserve Bank of Chicago. The teams competed in their local Reserve Bank Districts, and the top teams moved on to the finals in Washington, D.C.
Here is a link to the Richmond Fed's press release (with a picture and names) when they won the district competition.
It’s the end of the semester. Your term paper is due soon. You’re starting to stress about grades. Writing long essays is tiring. A major essay that can make or break your semester grade? That’s stressful and tiring.
DataSplash is here to help! Here are 5 reasons why you need need to use DataSplash to help write your essay that will get a superior grade.
#1: Get a better Grade! These Images Make Your Paper Look Great!
DataSplash takes whatever data you have and creates amazing graphics and tables. Here’s an example of a visualization for a simple difference in means:
Here is the PUMS subsample used for the graphs above. That difference in means test rejects the hypothesis that there is no difference in the average household income for tenants who have lived in the household less than one year compared to others.
These high quality images are perfect content for your essay. Want to stand out from the crowd and get a better grade? This is a step in the right direction.
The other four reasons are: "DataSplash Cures Writer’s Block", "DataSplash Saves Time", "It’s FREE!!" and "It Helps You Learn and Tells You What to Write in Your Essay". It took me about 10 minutes to create an account, load some data and estimate a willingness-to-pay regression model:
It's not hard to imagine how much more effective DataSplash will be for teaching statistics relative to Excel. I'm going to give it a try next semester (MBA managerial economics).
The following is a message I sent to faculty and staff in my department. I don't know why. It just seemed appropriate.
After last night (or this morning), I thought I would share with you something I wrote last week when asked for my views on the role of diversity at the university:
"Excellence cannot be achieved without diversity of thought. Diversity is not an objective; it is a culture. Diversity does not end with hiring. Diversity must permeate student recruitment, teaching approaches and research topics. With increasing social, political and economic gaps evident to the casual observer, the University provides a unique opportunity, and perhaps obligation, to use education to foster dialogue, develop solutions and begin to bridge the gaps."
Over the coming weeks, sensitivities may be high among students. I encourage you to engage students in dialogue as you feel appropriate, referring students to University resources for help if they feel they need it, discouraging intolerance, and emphasizing the acceptance of diversity of thought and the role objective applied economic analysis can play in informed debate.
Our role as educators is not to tell students who is right and who is wrong; our job is to equip students with the education and tools necessary to engage in informed, tolerant, productive debate.
The rapid increase in the cost of college in recent decades — and the associated explosion in student debt, which now totals nearly $1.3 trillion nationally — is all too familiar to many Americans. But few understand what has caused the tuition boom, particularly at the public institutions that enroll roughly two-thirds of all students at four-year colleges. Many commenters, particularly in the popular press, focus on ballooning administrative budgets and extravagant student amenities. Those elements have played a role, to be sure, but by far the single biggest driver of rising tuitions for public colleges has been declining state funding for higher education.
It is true that today’s students enjoy better amenities .... It is also true that today’s universities employ far more administrators and staff who don’t have any direct role in either research or instruction. ...
And it is also true that professors (at least those on the tenure track) are paid better than the people who held those same jobs years ago. ...
All of those trends add to the cost of college, but not by that much. At most, about a quarter of the increase in college tuition since 2000 can be attributed to rising faculty salaries, improved amenities and administrative bloat. By comparison, the decline in state support accounts for about three-quarters of the rising cost of college.
Here is the data for the states with the biggest funding decrease per student (all of the states are in the article):
The "three-quarters" number is close to the unconditional mean of the share of tuition hike explained by cuts (mean = 82) which is the logic that I think is being used by 538. The share of tuition hike column is the negative of state funding per student divided by the increase in tuition.
Another way to think about the data is with a linear regression (my SPSS output is below). A model of the increase in tuition (dT) as a function of the change in state funding per student (dS) holding starting tuition constant (T0 = current tuition - increase in tuition) is:
dT = 1.357 - 0.248*dS + 0.313*T0
This model tells us that the increase in tuition rises $248 for each $1000 dollar decrease in state funding per student and states with higher tuition before 2000 tend to raise tuition more than states with lower tuition. The R-squared is 0.47 which tells us that 47% of the variation in the tuition increase is due to variation in changes in state funding per student and starting tuition. A regression model with only the change in state funding per student included has an R-square of 0.304.
So, I think that decreases in state funding explain about 25% (using the regression coefficient) or 30% (using the R-squared) of the increase in tuition instead of "three-fourths."
Three of the propositions focus on environmental policy. In contrast to the moderate consensus of disagreement found in the two earlier surveys, the 2011 sample now exhibits a substantial consensus of disagreement with the proposition that reducing the power of the Environmental Protection Agency (EPA) would improve the efficiency of the U.S. economy (#27). There is also substantial agreement with a new proposition in the 2011 survey that the long-run benefits of higher taxes on fossil fuels outweigh the short-run costs (#29). One possible interpretation is that economists generally accept evidence of mankind’s contribution to climate change and would support the decision by the EPA to declare carbon dioxide a pollutant. A somewhat notable result is the increase, at a 10-percent level of significance, in the proportion of the 2011 sample who disagree with the proposition that pollution taxes or marketable pollution permits are a more efficient approach to pollution control than emission standards (#28). Although only a small proportion of economists disagree, it is a bit surprising, given the standard treatment in microeconomic texts of the production cost efficiencies of taxes and marketable permits relative to emission standards.
Cheating has become second nature to many students. In studies, more than two-thirds of college students say they’ve cheated on an assignment. As many as half say they’d be willing to purchase one. To them, higher education is just another transaction, less about learning than about obtaining a credential.
The market, which includes hundreds of websites and apps, offers a slippery slope of options. Students looking for class notes and sample tests can find years’ worth on Koofers.com, which archives exams from dozens of colleges. And a growing number of companies, including Course Hero and Chegg, offer online tutoring that attempts to stay above the fray (one expert calls such services a "gateway drug").
Many students turn to websites like Yahoo Answers or Reddit to find solutions to homework problems. And every month, hundreds of students put assignments up for bid on Freelancer.com and Upwork, where they might get a paper written for the cost of a few lattes. ...
Ultius protects its business by keeping those orders private. ...
The company’s dealings with one Ph.D. candidate illustrate the increasingly complex work that students are outsourcing, while faculty members remain in the dark. Last year, Ultius contracted with a student who described herself as a "single active duty parent" to help write a concept paper for her doctoral program, records show. The job included revisions requested by the chair of her dissertation committee.
The Ph.D. student requested that Ultius complete a literature review and produce a theoretical framework for her dissertation. The order required the company to find data on migration patterns and economic growth in Jamaica, and to apply advanced economic theory. The company did the work, but the customer was so displeased with it that she filed a complaint with the Better Business Bureau. That complaint details the case.
My strategy in classes with papers is to have an empirical component and individualized assignments. Also, I remind students that "cheaters never prosper." Maybe next time I teach one of those classes I'll see how much it would cost to buy the paper.
"This blog aims to look at more of the microeconomic ideas that can be used toward environmental ends. Bringing to bear a large quantity of external sources and articles, this blog presents a clear vision of what economic environmentalism can be."
Don't believe what they're saying
And allow me a quick moment to gush: ... The env-econ.net blog was more or less a lifeline in that period of my life, as it was one of the few ways I stayed plugged into the env. econ scene. -- Anonymous
... the Environmental Economics blog ... is now the default homepage on my browser (but then again, I guess I am a wonk -- a word I learned on the E.E. blog). That is a very nice service to the profession. -- Anonymous
"... I try and read the blog everyday and have pointed it out to other faculty who have their students read it for class. It is truly one of the best things in the blogosphere." -- Anonymous