We use a binary probit model to assess the impact of several changes in math prerequisites on student performance in an undergraduate business statistics course. While the initial prerequisites did not necessarily provide students with the necessary math skills, our study, the first to examine...

Colleges and universities are being asked by numerous sources to provide Assurance of Learning assessments of their students and programs. Colleges of Business have responded by using a plethora of assessment tools, including the Major Field Test in Business. In this article, we show that the...

The ex ante real rate of interest is one of the most important concepts in economics and finance. Because the universally-used Fisher theory of interest requires positive ex ante real interest rates, empirical estimates of the ex ante real interest rate derived from the Fisher theory of interest...

This paper uses the EGARCH-M model to examine the impact of federal securities statutes on the mean and variance of total real U.S. stock market returns. In contrast to previous work, this study employs a longer time period, utilizes a broader array of stocks and examines the impact of eight...

The Test of Understanding in College Economics (TUCE), created in 1968 and revised in 1981, 1991 and 2007, is widely used to assess students' understanding of economics principles and for research into teaching methods. In this article, we examine the student scores used to "norm" the TUCE...

We consider the use of complex mathematics in economics. The evidence suggests that the usage of complex mathematics has escalated significantly over the past half century. The empirical evidence indicates that complex mathematical models in economic theory have generated few operational...