Categories
Exam Questions Undergraduate

Wesleyan. Comprehensive undergraduate economics exam, 1931

 

Over the past few days Economics in the Rear-view Mirror has posted comprehensive undergraduate economics exams around 1930 from Harvard, Princeton, and Swarthmore. Today I add an economics comprehensive exam from Wesleyan University to round out this cross-section.

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Comprehensive Examination in Economics
Wesleyan University, 1931

Part I

(Two hours)
Answer TWO of the following questions.

  1. Snowden of the British Exchequer in explaining his land value tax proposal in the House of Commons, on May 4, 1931, said:

“By this measure we assert the right of the community to ownership of the land. If private individuals continue to possess a nominal claim to land they must pay a rate to the community for the enjoyment of it. They can not be permitted to enjoy the privilege to the detriment of the community.

“Land differs from all other commodities in various respects. Land was given to us by the Creator, not for the private use of the dukes but for the equal use by all His children. Restriction of freedom in the use of land is a restriction on human liberty.

“To restrict the use of land by arbitrary will, the owner enhances its price, raises rents, hampers industry and prevents municipal development and the increase of amenities. Every increase in population, every expansion in industry, every scientific development, every improvement in transportation, every child that is born, increases the rent of land. Rent enters into the price of every article produced, into the cost of every public service.”

What economic principles are involved in the above analysis? What was the position of the classical economists with reference to the various problems involved?
To what extent do you agree with Mr. Snowden’s analysis and what are the reasons that contribute to your present conviction?

  1. Write a brief essay on the subject “Laissez Faire in Economic Theory: Its Past Significance and Its Applicability to the Present American Economic Order.”
    In your essay show how economists of the past regarded laissez faire, the reasons for their attitude, and the adequacy of this philosophy for the problems of the present.
  2. What is the basis for the assertion that we have an acquisitive society? Indicate the strong and the weak points of such a society. Outline in general terms, the nature of a so-called functional society. Present the case for and against such a social order.
    Indicate your conclusion as to the relative merits of these two types of societies as applied to past eras and as applied to the present period.
  3. (a) Enumerate and describe each of the important wage theories that has been suggested in the evolution of classical economic doctrines.
    (b) Indicate what wage theories were held by each of the authors you have studied and explain why he advocated the theory in question.
    (c) What do you regard as valid and what invalid in all these wage theories? Present and defend your own explanation for the general wage level.

 

Part II

(Two and one-half hours)
Answer THREE of the following questions.

  1. (a) What are the causes of the present economic depression in the United States and the rest of the world?
    (b) What agencies, if rightly directed, can contribute toward the elimination of business fluctuations? Explain in what manner and to what extent each of these agencies may be expected to assist.
  1. Contrast Russia and the United States at the present time as to the organization of economic institutions, the direction of production and the distribution of wealth.
    Give and explain your opinion as to the relative merits of the two systems.
  2. Compare the conditions of farming and industry that make for a special agricultural problem in the United States.
    Evaluate the measures that have been suggested for the solution of this problem.
  3. The Labor Government is in power in Great Britain. A collectivist system supported by the industrial wage earner exists in Russia while organized labor in the United States is relatively weak and ineffective. Discuss and explain these contrasts.
  4. (a) The late President Hadley believed that public utilities should be subjected to no more regulation than any private enterprise. Can you suggest any arguments in support of such a position? What are the arguments on the other side?
    (b) What do you consider necessary as a means of insuring adequate regulation of public utilities and how would you proceed to the attainment of this objective.
    Outline in detail some of the things that you would prescribe.

(Each student will be examined orally as per schedule already announced.)

  1. [The consumer pays $10 for a given goods. Four of the $10 go to the manufacturer. What important economic problems are suggested by this situation? Indicate and defend a program for meeting these problems.]

 

[Note: question 6 of part II of this exam was not included followed by the note “Question presented elsewhere”. In the list of 65 selected questions for review in the cited source below, there was a single optional 50 minute question. I have included that question in square brackets above, but this represents only an educated guess on my part.]

 

Source:  Edward S. Jones. Comprehensive Examinations in the Social Sciences, Supplement to the December, 1933 Bulletin of the Association of American Colleges,pp. 36-38.

Image Source: Olin Memorial Library at Wesleyan University, built in 1925-27 and dedicated in 1928. From Wikipedia entry “Wesleyan University”.

Categories
Exam Questions Swarthmore Undergraduate

Swarthmore. Senior comprehensive economics exam, 1931

 

The two previous posts provided undergraduate comprehensive examinations for Harvard and Princeton from the early 1930s that were published in the Bulletin of the Association of American Colleges (December, 1933). The cross-section of comprehensive economics exams is now expanded with this post to include Swarthmore College’s economics department.

A decade later Swarthmore College brought in external examiners (many of whom recruited from Wolfgang Stolper’s network of Harvard graduate buddies), e.g.

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Senior Comprehensive Examination in Economics

Swarthmore College, 1931

  1. a. Why have railroads been subject to an unusual amount of regulation?
    b. Appraise reproduction cost as a basis for the valuation of public utilities.
    c. Explain the operation of the principle of joint costs in the determination of rates for specific services.
  2. Discuss:
    a. “One of the unions’ chief errors is restriction of output, which is always against the social interest and even fruitless for the workers.”
    b. “To the extent that employee representation seems to the worker to be just an employer’s weapon against trade unionism, it will be still less popular in the future than today and even its good points will be ignored.”
  3. Is it necessary to make goods in order to make money? Give the answers of T. N. Carver, S. & B. Webb, F. M. Taylor, T. Veblen, Adam Smith, R. H. Tawney, and Alfred Marshall. Why have these scholars come to such contrary conclusions after examining the facts? Is it possible that both groups are right; that neither one is right? How so? If not, which group is right and why?
  4. a. Since it is understood that all kinds of money in this country are to be maintained at a parity of value with standard money, would not inconvertible paper money issued by our government be quite as acceptable and useful as any kind? Explain.
    b. In the United States there are many kinds of money. What are they, and what is the security behind each one? Does Gresham’s Law operate? Why, or why not.
  5. a. It is said that the United States is evolving into a commission form of government; that the government set up by the Constitution is gradually delegating its duties to “expert commissions.” Bearing in mind the frailty of commissioners and their staffs, do you believe this is a wise movement? Why? Be specific.
    b. Giving generous reference to the history of governmental regulation in the United States, what do you believe will be the position of the government as a regulator of business twenty-five years hence?
  6. According to present estimates, the federal government will complete this fiscal year, June 30, 1931, with a deficit of nearly one billion dollars. Outline, in detail, the causes of this deficit. Suggest, with reasons, the fiscal program which the government should adopt, for the coming year, in view of this deficit.
  7. Philip Snowden, British Chancellor of the Exchequer, has proposed the imposition of a tax on the site value of land as a means of balancing the British budget. It is argued that such a tax would have less of a repressive effect upon industry than any other type of tax which might be imposed. Give in detail the reasoning which supports this position.
  8. Give an historical account of the currency agitation and legislation from the end of the Civil War to the end of the last century. What issues were involved and how did they arise? On the whole, do you think that our currency history of this period refutes or verifies the quantity theory of money?
  9. a. Imagine yourself a Congressman in the year of 1828 and make a brief argument for the high tariff policy adopted in that year. Would you argue in the same way today? If not, why not? Is your supposed speech that of a representative from South Carolina or Pennsylvania? Give reasons.
    b. Briefly comment upon what you regard as three important causes or factors in the present industrial depression.
  10. a. How important for price theory and for practical life are differences in the elasticity of demand for commodities? Illustrate, using diagrams.
    b. Translate, and if necessary, correct the following popular statements into the more exact language of economic theory:

(1) “We produce too much coal and people freeze to death; we raise too much cotton and people go naked.”
(2) “Great Britain’s foreign trade is in a bad way; she has an extremely unfavorable balance.”
(3) “The price of corn is low because you can buy good corn land so cheaply.”
(4) “Depressions are due to over-production, and by this I mean that more goods are produced than can be sold, for two reasons; rich people save too much, and the workers do not get high enough wages.”

(Answer five questions. Use the first half-hour to study and select your questions. Then devote about thirty minutes to answering each question.)

 

Source:  Edward S. Jones. Comprehensive Examinations in the Social Sciences, Supplement to the December, 1933 Bulletin of the Association of American Colleges, pp. 41-43.

Image Source: Parrish Hall, Swarthmore College  .

 

Categories
Exam Questions Princeton Undergraduate

Princeton. Two undergraduate comprehensive exams in economics, 1929 and 1932

 

Another catch in my trawling for exams, we have below two undergraduate comprehensive examinations from Princeton (1929 and 1932).  These exams were selected and published in a supplement to the Bulletin of the Association of American Colleges dedicated to the subject of comprehensive exams. The style of the questions is rather different from those seen for Harvard from 1931 that were transcribed for the previous post.

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Senior Comprehensive Examination
Princeton University, 1932

Part I
Use a separate book for each question

I
(20%)

  1. Contrasting the England of 1700 with the England of the Middle Ages, R. H. Tawney states: ” Opinion ceased to regard social institutions and economic activity as amenable, like personal conduct to moral criteria.”
    How far was this true (1) of price; (2) of the money reward for human labor? Give the reasons.
  2. Compare Henry George’s theory of rent with Ricardo’s theory of rent.

II
(40%)

  1. What was the Marxian theory of “surplus value”? Discuss the present price and wages policy in Russia in the light of the Marxian theory.
  2. “Socialization will proceed, step by step, from one industry to another, according as circumstances in each country may permit. Objectionable as private profit-making enterprise is to Socialists, they will refrain from destroying it in any industry until they are in a position to replace it by a more efficient form of organization.” (From a resolution of the Labor and Socialist International.)
    What is the “more efficient form of organization” proposed for the “nationalized industries,” as illustrated in the Webb Constitution for the Socialist Commonwealth of Great Britain? Would it be more efficient than “private profit-making enterprise” in these industries? Give your reasons.

III
(40%)

Answer one of the three following questions: A, B, or C.

A

Discuss the Interstate Commerce Commission in its present status as a regulator of interstate commerce. Is it lacking any powers which it should possess? Should it be deprived of any powers that it now has? Are there any powers it should retain which could be made more effective by legislation? Give reasons for your answers.

B

At the time of the Napoleonic Wars the following statement was made as to the ability of Great Britain to make remittances to the continent to support her armies and subsidize her allies:

“A favorable balance of trade is a very probable consequence of large drafts on Government for foreign expenditure; an augmentation of exports, and a diminution of imports, being promoted and even enforced by the means of such drafts.”

A few weeks ago, in a discussion of the payments of inter-allied debts, it was stated:

“The essential fact about war debt payments is that they are foreign payments. Many people seem to think that the French Government may tax its citizens, deposit the money in the Bank of France, and then either draw a check upon the Bank of France to pay the United States on war debts, or use the same money for armament expenditures. The essential difference is that a check drawn in francs by the French Government upon the Bank of France to the credit of the American Treasury is of no value to us until it is transferred into dollars.”

On the basis of these statements, discuss critically the topic, “Divergent Views on the Payment of International Obligations,” laying particular emphasis on the economic principles which are involved. Where possible, use historical illustrations in your discussion.

C

A certain industrial corporation has outstanding common stock of par value of $10,000,000; also a first mortgage bond issue, amply secured by the plant, of $2,000,000.

Below is a list of five possible methods of voluntarily revising the capital structure of this company.

  1. The issuance of convertible bonds,
  2. The declaration of a stock dividend,
  3. The declaration of a privileged stock subscription,
  4. The purchase of the company’s own stock in the open market,
  5. The formal reduction of the corporation’s capital by amendment of the certificate of incorporation.

Discuss thoughtfully four of these five methods.

While it is not desirable to lay down any rigid plan to be adhered to in discussing all of these methods, your answer should explain (1) what is involved in the use of the method in question, (2) the objective or objectives ordinarily sought to be attained by its use, (3) what conditions other than those stated in the first paragraph should prevail in order to justify the use of the method, and (4) any special disadvantage which might be suffered.

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Senior Comprehensive Examination
Princeton University, 1929

Examination in Special Field I

I

Case A

During the latter part of the period of inconvertible paper currency in this country (1862-1879) trade dollars (a silver coin somewhat heavier than the standard silver dollar and possessing at that time the right of free coinage) began to appear in circulation alongside the greenbacks, although the trade dollar was intended for use only in foreign trade.

Case B

In Russia, the chervonetz, a paper monetary unit issued in 1923, kept at a high value by relative limitation of quantity and backed by a considerable gold reserve, quickly drove the Soviet paper rouble, an enormously depreciated paper monetary unit, out of circulation.

Case C

In Germany, in 1923, foreign gold standard currencies appeared in considerable volume in ordinary commercial transactions, which up to that time had for years been carried on almost entirely with highly depreciated paper marks.

In all these cases “bad” money not only did not drive out good but the reverse was more nearly true. Explain each case and state Gresham’s Law so as to make it universally applicable.

II

Suppose that the United States in 1893 had abandoned the gold standard, taken from gold the legal tender quality and made all paper currency redeemable in silver dollars which were no longer freely coined.

(a) What would have been the upper and lower limits on the exchange rates of the dollar against gold standard currencies?

(b) What influences would have affected the gold value of the dollar?

(c) How, if at all, would the gold price of silver have been affected?

(d) Could the rise in prices, which took place after 1896, have been prevented under the monetary system outlined above? Reasons.

III

Compare the check and deposit system of banking, such as prevails in Anglo-Saxon countries, with the French system where checks are little used and practically the whole of the circulating medium is issued by the Bank of France which shares its profits with the government of the republic.

Your answer should attempt to assess, from the point of view of the general interest, the relative virtues and vices of the two types of banking, showing specifically and precisely in what manner advantages or disadvantages accrue under the one or the other system.

IV

Assume that in any given country:

(a) central bank reserves are very high;

(b) exports are increasing relative to imports;

(c) stock speculation has been and continues rampant and stock prices have risen greatly;

(d) commodity prices are stable.

What policy do you think the central bank should pursue, and why?

V

Spain is now on an inconvertible paper monetary standard. Suppose that political disturbances lead to a sharp decline in confidence with regard to Spain’s economic prospects, that present foreign lenders to Spain seek to withdraw their capital and that further loans are refused. Trace through the resulting movement of exchange rates the probable course of trade and industry in Spain up to the point of restoration of a stable economic equilibrium. Assume no further inflation of the Spanish currency.

VI

  1. Give a brief description of the Dawes Plan of reparations payments, criticizing adversely where such criticism seems to you to be warranted.
  2. Compare the economic effects on both paying and receiving countries of reparations in cash and reparations in kind.

 

Source:  Edward S. Jones. Comprehensive Examinations in the Social Sciences, Supplement to the December, 1933 Bulletin of the Association of American Colleges, pp. 38-41.

Image Source:John E. Sheridan, Princeton Poster, c. 1901  . Library of Congress Prints and Photographs Division Washington, D.C. 20540 USA.

 

Categories
Exam Questions Harvard Undergraduate

Harvard. Three economics subject exams from divisional comprehensives, 1931

 

Being a scavenger for old economics exams, I just had to transcribe the following three comprehensive subject examinations from the Harvard Division of History, Government, and Economics battery of comprehensive exams from 1931.  These exams were selected and published in a supplement to the Bulletin of the Association of American Colleges dedicated to the subject of comprehensive exams. The subjects examined were History of Economic Thought, Public Finance, and Labor Problems.

For some strange reason two of the questions were omitted, with a note that the questions were presented “elsewhere”. I have identified what I think to be the likely missing questions from a list of 65 questions discussed earlier in the monograph. These two questions are placed in square brackets in the public finance and labor problems examinations.

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History of Economic Thought

Harvard University, 1931
(Three hours)

Answer either FOUR or FIVE questions, including TWO from each group. If you answer FOUR questions, write about an hour on one of them and mark your answer “Essay.” This question will be given double weight.

A

Use a separate blue book for the questions in this part.

  1. Discuss the economic policies of one of the following in the light of theory and contemporary conditions: Colbert, Hamilton, Turgot, Bismarck, Andrew Jackson, Gladstone, Cromwell.
  2. Compare the part played by economic theories in the French Revolution and the Russian Revolution.
  3. In what ways do you think the economic thought of the Greeks reflects the social, intellectual, and political conditions of the period?
  4. Discuss the influence of economic fallacies upon public policy during the past hundred years.
  5. To what extent do you think the social and economic organization of medieval towns is reflected in the economic views of medieval thinkers?
  6. “Mercantilism is, in substance, the sum of all efforts to bring about a self-sufficient empire.” Discuss.
  7. How did contemporary writers explain the price revolution of the sixteenth century? Were these new or already accepted doctrines?
  8. Discuss the importance of economic theory for an understanding of British colonial policy during the period from 1783 to 1867.

B

Use a separate blue book for the questions in this part.

  1. What were some of the more widely held theories of wages during the nineteenth century?
  2. Discuss one of the following topics: The Medieval Doctrine of Just Price; The “Dismal Science”; Economic Stages.
  3. “Though the real problem of Distribution was sometimes approached by the Classical Economists, it was never properly presented, nor was an attempt made at its solution.” Discuss.
  4. What were the chief contributions to economic thought of one of the following writers: Senior, J. B. Clark, Walker, Cantillon?
  5. Explain the meaning of three of the following terms and tell with what writer or group they are chiefly associated: produit net, lucrum cessans, preventive check, productive forces, non-competing groups.
  6. ” There are no terms in economics which bear about them more palpable traces of the conflicts through which they have gone than ‘production’ and ‘productive.'” Discuss.
  7. What were the principal doctrines of the Austrian school of economics?
  8. Discuss the relation between the work of one of the following writers and the work of earlier thinkers: Smith, J. S. Mill, Marshall.

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Public Finance

Harvard University, 1931
(Three hours)

Part I
(About one hour)

  1. White an essay on one of the following topics:

(a) The general property tax,
(b) British budget principles since 1860,
(c) The sales tax,
(d) Postal rate problems in the United States,
(e) Financial problems of highway construction and maintenance.

Part II
(About one hour)

Answer TWO questions only.

  1. Do you think it wise for a government to exempt its own bonds and notes from taxation? Why, or why not?
  2. Indicate the nature and significance of the “grant in aid” in British public finance.
  3. Discuss recent tendencies in state and municipal expenditure.
  4. Discuss the fiscal aspects of a system of protective tariff duties.
  5. [In what ways do the problems of government finance affect currency systems and the control of currency?]

Part III
(About one hour)

Discuss THREE of the following quotations.

  1. “Modern taxation or tax making in its most characteristic aspect is a group contest in which powerful interests vigorously endeavor to rid themselves of present or proposed tax burdens.”
  2. “Though differential rents of land have complete ability to bear taxation directly imposed upon them, and cannot shift such taxation, they cannot be reached by a tax imposed upon their produce.”
  3. “To tax investment income at a higher rate would seem to be trebly unjust; for ‘savings’ are first taxed as ‘earned income’; the income derived from them is then taxed as ‘investment income’; and, thirdly, a portion of the invested capital, is confiscated by the ‘death duties’—a triple penalty upon thrift.”
  4. “It must not be supposed that a government’s safe borrowing power is anything like its national wealth, for the wealth belongs to the people and can be taken from them only by law and the laws are made by the people indirectly and eventually.”
  5. “Taxes should fall proportionately to the wealth of the taxed, that is, the sacrifice should be equally felt by all. This rule is easy to keep when taxation is light; but when taxation must be heavy, the rule is difficult to keep.”

[Note: Part II, Question 6 has been identified from a list of 65 questions as likely. It was appears to be the better “fit” of  two optional, 20-minute public finance questions.]

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Labor Problems

Harvard University, 1931

Part I
(About one hour)

  1. Write an essay on one of the following topics:

(a) the legal status of trade unions in Great Britain,
(b) unemployment and the business cycle,
(c) standard wage rates,
(d) the family allowance system,
(e) the policy of organized labor towards new machinery.

Part II
(About one hour)

Answer TWO questions only.

  1. To what extent does welfare work contribute to the solution of the labor problem?
  2. What is a sweated industry? What are the best correctives for this abuse?
  3. Compare the policies of the trade unionists in any two of the following countries:

(a) United States,
(b) France,
(c) Germany,
(d) Australia.

  1. Discuss the policy and objectives of the British Labor Party.
  2. Discuss the tendencies of judicial interpretations of “liberty of contract” in labor cases in the United States.

Part III
(About one hour)

Discuss THREE of the following questions.

  1. “Only the most formal conception of the idea of equality and the most unrealistic attitude toward groups in our community could think of the ordinary forms of labor legislation as class legislation.”
  2. “If no general fund exists which can be diverted from some other form of surplus income into wages, trade unionism becomes a mere device for adding to certain well organized groups of workers a scarcity wage paid by less favorably placed workers.”
  3. “Wages are more of a question for business than they are for labor. Low wages will break business far more quickly than they will labor.”
  4. “Scientific management, properly applied, normally functioning, should it become universal, would spell the doom of effective unionism as it exists today.”
  5. [“As long as there is liberty there will be strikes, for a strike is nothing more or less than liberty to stop work and to wait for a bargain.”]

 

[Note: Part III, Question 11 has been identified from a list of 65 questions as an optional optional labor question for about 20 minutes and that fits the discuss the quotation format]

 

Source:  Edward S. Jones. Comprehensive Examinations in the Social Sciences, Supplement to the December, 1933 Bulletin of the Association of American Colleges, pp. 33-36.

 

Categories
Columbia Curriculum Gender Undergraduate

Columbia. Economics and social science curriculum as of Dec. 1898

 

One of the duller parts of my project that covers roughly a century’s development (1870-1970) of undergraduate and graduate economics education is gathering information on the nuts-and-bolts of curriculum structure. Today, looking at a report of the Faculty of Political Science published in the December 1898 issue of Columbia University Quarterly, I saw the announcement that 1898-99 was the first time that women were admitted to graduate courses in history and economics. The report also presented an easy to follow outline of the four or five year curriculum in economics and the social sciences. The idea behind the curriculum was to provide an orderly and logical sequence of courses, yet with sufficient flexibility to serve the needs of undergraduates, graduates (a.k.a. specialists), and special students (those from outside the Faculty of Political Science).

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Other Relevant Columbia University Artifacts

_____________________________

Highlights from the December 1898 report of the Faculty of Political Science

For the first time in its history women are admitted to its courses in history and economics, but only women who are graduates and who are competent to carry on the work of the courses. No women are admitted as special students or to the courses given to the undergraduates, the idea being to put the women graduate students on the same footing as the men, giving them the same opportunities.” p. 75.

“Several new volumes in the series of Studies in History, Economics, and Public Law are now completed, including volumes eight and nine. These studies comprise the most successful of the dissertations which are submitted in partial fulfilment of the requirements for the doctor’s degree.”

Economics and social science curriculum (four or five years)

“Columbia University has attempted thus to formulate in the Department of Economics and Social Science a programme that shall be systematic, in the sense of orderly development and logical sequence (the course covers four or five years), and at the same time flexible, for the purpose of meeting the just demands of a great variety of students—the undergraduate, the specialist, and the special student.” p. 77.

Junior year economics:

“The undergraduate begins with the Economic History of England and America (Economics 1), which gives him that understanding of the evolution of economic institutions, such as the systems of land tenure, the factory system, the institutions of commerce and trade, which is necessary for any approach to economic discussion. That is followed by the Elements of Political Economy (Economics A), where the fundamental principles of the science are laid down and illustrated by contemporary events. These courses are usually taken during the Junior year, but may be taken a year earlier by students desiring to specialize in this direction. The lettered course is required of every student, and is in the nature of logical discipline for clear reasoning and a preparation for good citizenship. The College is held thereby to have discharged its duty to itself, in fulfilling the minimum required for the degree of A.B., and to the community, in inculcating sound principles in its graduates.” p. 76.

Senior year economics:

“For the majority of undergraduates these courses are but the preliminary sketch, the details of which are to be filled out by the more intensive study of Senior year. For this abundant opportunity is offered in the course on modern industrial problems, money, and labor (Economics 3), in the treatment of finance and taxation (Economics 4) and in the critical consideration of theories of socialism and projects of social reform (Economics 10 and 11). At the same time the elements of sociology (Sociology 15) furnish a broader foundation for generalization in regard to the fundamental principles of social life, and afford the student on the eve of graduation an opportunity to coordinate his knowledge of history, economics, philosophy, and ethics into a theory of society.

These courses of Senior year constitute the fundamental university courses, and are frequented by graduates of other colleges and by many students from the law school, the theological seminaries, and Teachers College, who find them valuable as auxiliary to their main lines of study. For the specialist and special student these courses in their turn are preliminary. They form the introduction to the university courses proper.” pp. 76-77.

Graduate (or specialist) economics:

“Here the specialist finds opportunity for development in economic theory (Economics 8, 9, and 10) and for further practical work (Economics 5 and 7), for sociological theory (Sociology 20, 21, and 25), for the treatment of problems of crime and pauperism (Sociology 22 and 23). and for the theory and practice of statistics as an instrument of investigation in all the social sciences (Sociology 17, 18, and 19). Crowning the whole are the seminars in political economy and sociology, and the statistical laboratory, where the student is trained for original work.” p. 77.

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Faculty of Political Science
[Full Report for Dec. 1898 Columbia University Quarterly]

Department of History.—The late war seems to have had its effect on educational matters, and several resulting tendencies have been particularly marked at Columbia University. Thus, in the School of Political Science the attendance of students in the course on the general principles of international law has been very large and much interest is being manifested in the subject. Ordinarily this course, as well as a number of others treating of kindred subjects, is given by Professor Moore, who is at present in the service of the United States government. In his absence the course is being conducted by Mr. Edmond Kelly, who has lectured before the school on numerous occasions. Professor Moore’s course on diplomatic history is now being given by Dr. Frederic Bancroft, formerly librarian of the State Department, and a former lecturer in this Faculty.

The Faculty of Political Science has commenced the term with every indication of a most prosperous year. For the first time in its history women are admitted to its courses in history and economics, but only women who are graduates and who are competent to carry on the work of the courses. No women are admitted as special students or to the courses given to the undergraduates, the idea being to put the women graduate students on the same footing as the men, giving them the same opportunities.

The number of publications from the members of this faculty is constantly increasing, and several important works have recently been published or are in preparation. The Macmillan Company will soon publish Professor John B. Clark’s two-volume work on the distribution of wealth and the new edition of Professor Seligman’s Shifting and Incidence of Taxation. Several new volumes in the series of Studies in History, Economics, and Public Law are now completed, including volumes eight and nine. These studies comprise the most successful of the dissertations which are submitted in partial fulfilment of the requirements for the doctor’s degree. Professor Robinson has just published a volume entitled Petrarch’s Letters, and Professor Munroe Smith’s Study of Bismarck has been issued from the University Press.

As Wednesday, October 19, was appointed Lafayette Day, President Low arranged for an address on “The Life and Services to this Country of Lafayette,” by Professor J. H. Robinson.

The department of history has enrolled about four hundred students from Columbia and Barnard. It offers a total of thirty-three courses. The new circular which explains fully its resources and gives a detailed account of its work can be had on application to the Secretary of the University. Professor Dunning is absent on leave. He is spending the winter in Rome, engaged in certain researches connected with the history of political theories and ancient institutions.

W. M. S. [William M. Sloane]

 

Department of Economics and Social Science.—The courses in this department have been so systematized as to meet the needs of both undergraduate and graduate students, while offering to other members of the University and of allied institutions the opportunity to broaden their studies by some knowledge of social theory and social problems.

The undergraduate begins with the Economic History of England and America (Economics 1), which gives him that understanding of the evolution of economic institutions, such as the systems of land tenure, the factory system, the institutions of commerce and trade, which is necessary for any approach to economic discussion. That is followed by the Elements of Political Economy (Economics A), where the fundamental principles of the science are laid down and illustrated by contemporary events. These courses are usually taken during the Junior year, but may be taken a year earlier by students desiring to specialize in this direction. The lettered course is required of every student, and is in the nature of logical discipline for clear reasoning and a preparation for good citizenship. The College is held thereby to have discharged its duty to itself, in fulfilling the minimum required for the degree of A.B., and to the community, in inculcating sound principles in its graduates.

For the majority of undergraduates these courses are but the preliminary sketch, the details of which are to be filled out by the more intensive study of Senior year. For this abundant opportunity is offered in the course on modern industrial problems, money, and labor (Economics 3), in the treatment of finance and taxation (Economics 4) and in the critical consideration of theories of socialism and projects of social reform (Economics 10 and 11). At the same time the elements of sociology (Sociology 15) furnish a broader foundation for generalization in regard to the fundamental principles of social life, and afford the student on the eve of graduation an opportunity to coordinate his knowledge of history, economics, philosophy, and ethics into a theory of society.

These courses of Senior year constitute the fundamental university courses, and are frequented by graduates of other colleges and by many students from the law school, the theological seminaries, and Teachers College, who find them valuable as auxiliary to their main lines of study. For the specialist and special student these courses in their turn are preliminary. They form the introduction to the university courses proper.

Here the specialist finds opportunity for development in economic theory (Economics 8, 9, and 10) and for further practical work (Economics 5 and 7), for sociological theory (Sociology 20, 21, and 25), for the treatment of problems of crime and pauperism (Sociology 22 and 23). and for the theory and practice of statistics as an instrument of investigation in all the social sciences (Sociology 17, 18, and 19). Crowning the whole are the seminars in political economy and sociology, and the statistical laboratory, where the student is trained for original work.

Columbia University has attempted thus to formulate in the Department of Economics and Social Science a programme that shall be systematic, in the sense of orderly development and logical sequence (the course covers four or five years), and at the same time flexible, for the purpose of meeting the just demands of a great variety of students—the undergraduate, the specialist, and the special student.

R. M.-S. [Richmond Mayo-Smith]

 Source: Columbia University Quarterly, Vol. 1 (December 1898), pp. 74-77.

Image Source:  Art and Picture Collection, The New York Public Library. (1890). Columbia University Retrieved from http://digitalcollections.nypl.org/items/510d47e0-cc6c-a3d9-e040-e00a18064a99

 

Categories
Curriculum Harvard Undergraduate

Harvard. Report on the Tutorial System in History, Government and Economics. Burbank, 1922

 

Harold Hitchings Burbank (1913-1951) will probably best be remembered in the history of economics for topping Paul Samuelson’s “Dishonor Roll” for antisemitism in the Harvard economics department ca. 1939 (the list is reproduced on p. 281 of Roger E. Backhouse’s first volume Becoming Samuelson, OUP 2017) as well as for being an all around bête noire in matters regarding mathematical economics at Harvard, though Backhouse (pp. 421-2) has at least been able to acquit Burbank of the charge of the premeditated “killing of the type” for Foundations of Economic Analysis [Plot spoiler: the printer did it (metal shortage)].

Burbank has in fact left a fundamental institutional legacy at Harvard College, having played a major role in the establishment and running management of the tutorial system that was set up to prepare undergraduates for the general examinations in their respective divisions of study. Many a Harvard economics graduate student, instructor, and  faculty member have served as economics tutors so that no study of the education of economists would be complete without a serious examination of Harvard’s tutorial system in which economists have been active from the very beginning.

________________________________

Harvard College President Lowell on the undergraduate general examination for divisions and the Tutorial System (1922)

The effect of the general examination upon the choice of subjects for concentration is interesting. When first introduced for History, Government, and Economics it diminished the number of students electing those studies as their main field of work, presumably frightening away the faint-hearted. But the dread soon passed off, and at present seems to have little influence.

[…]

The framing of general examination papers which shall be comprehensive enough to cover the subject, at the same time shall be fair, and which give the student a chance to show his knowledge or ignorance, his comprehension or vacuity, demands much skill, ingenuity and labor. Moreover, a great deal of time is required to read the books, or conduct the oral examinations, in any department where the candidates are numerous. Clearly members of the instructing staff cannot be expected to do this in addition to their ordinary work. Some provision ought, therefore, be made in such cases for relieving them of a part of their teaching; and in the Division of History, Government, and Economics, where the plan has been in operation much longer than in any other, the examiners are relieved of about half their courses, either by reducing these throughout the year, or by exemption from course instruction in the second half-year, that being the period when by far the heaviest burden of the examinations falls. In conducting them the committee in charge is really examining not only the candidates, but also the instructors in courses and the tutors if any, because they can hardly avoid forming some impression of the thoroughness with which teaching is done by the different members of the staff; and although they make no report upon the matter, the opinions they form cannot fail in the long run to have an effect upon the instruction in the departments of which they are members. Moreover, their examinations determine the requirements for a degree in the various subjects of concentration, and the standard of attainment on the part of undergraduates. Their selection is therefore a matter of the utmost importance. In those departments that have recently adopted the plan, and where the number of candidates is too large to be examined by the instructors as a whole, a committee is appointed by the department itself; but in the Division of History, Government, and Economics it is appointed by the Corporation. The first members of this committee, Professors G. G. Wilson, R. B. Merriman, and E. E. Day, were the pathfinders, and to their wisdom and labor is due from the outset the success of the project.

When the general examination was introduced for History, Government, and Economics, it was perceived that in these subjects it could not work well unless the students were provided with the assistance of tutors in correlating what they had learned in their courses, and in mastering the parts of the field which courses do not cover. At first it was difficult to find men qualified for this task, quite unknown as it was in American college education, since no one had any experience in doing it. A new form of instruction had to be devised; new men had to teach themselves a new art. They have done so, until at present an excellent corps of tutors is working systematically in this division. No doubt experience will still farther perfect their methods, and by frequent conferences they are seeking constant improvement. A tutor, who by the way may be of any academic grade, is by no means wholly confined to tutorial work. A number of them are also conducting courses, and that is a distinct advantage. The only college work which they cannot do is obvious. They should not be on the committee in charge of the examinations. There is no better way of stating what they strive to do, and what they have accomplished, than by inserting as an appendix hereto the report of Assistant Professor H. H. Burbank, the Chairman of the Board of Tutors for the division.

Source: President’s Report in Reports of the President and the Treasurer of Harvard College, 1921-1922, p. 13-4.

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Report on the Tutorial System in the Division of History, Government and Economics at Harvard University, 1922

To THE PRESIDENT OF THE UNIVERSITY:

SIR, — I have the honor to submit a report on the Tutorial System in the Division of History, Government and Economics.

The tutorial system of the Division of History, Government and Economics was made possible and necessary by the introduction of the general examinations. When this Division accepted the principle of these examinations it declared that they could be made effective and, at the same time, just to the student only by the development of a system of individual guidance. Tutorial instruction began in 1914 with a staff of six tutors supervising the work of some one hundred and fifty students. At that time the Division expected the number of concentrators would not at any time exceed four hundred. During the present academic year sixteen tutors have given instruction to six hundred and forty-eight students.

When provision was made for tutors, the Division contemplated only indefinitely their functions and the scope of their work. There were no examples to be followed; no system of like nature had been established in any American university and the precedents afforded by Oxford and Cambridge could give little guidance. During the first three years many experiments were necessary. The place of the tutor’s work in the general system of instruction had to be found, methods of work had to be developed. These problems could be met only by a process of trial and selection. At first there were many false starts; undoubtedly there was some lost effort, but there was also appreciable growth and development. The War brought an abrupt cessation of activities. With the resumption of normal academic conditions in 1919-20, tutorial work was reorganized, and it is from this time that the more important growth of the system is to be recorded.

Different methods of tutorial instruction are still being tried and probably will continue for some time, but the experience of the years since 1914 has been sufficient to give a definite indication of the processes which are best suited to our needs. Because of the several experiments which different tutors are undertaking, all generalizations regarding tutorial work are open to some exceptions.

Each tutor has under his supervision approximately forty students, selected in about equal proportions from the senior, junior and sophomore concentrators. The tutor meets his students regularly, usually once each week, in individual conferences. In some few instances, especially with sophomores, groups of two or, at the most, three students are found advantageous, but such group conferences are used sparingly; the characteristic method is the individual conference. Usually the conference lasts for about half an hour, but here the exceptions are many. The student is never limited in the matter of time. If he wishes to see his tutor with greater frequency it is his privilege to do so and he is encouraged to take full advantage of the unusual opportunities offered to him by individual instruction. The unwilling students — and they are so few that they leave no mark on the system — are obliged to do a minimum amount of work and to give a minimum amount of time to the tutor. The interested students can have about all they desire in time and instruction.

The introduction of the tutorial system was not accompanied by any change in course requirements. The student who elects to concentrate in History, Government or Economics, and thereby comes under the direction of the tutor, carries the usual number of courses from which he secures the groundwork for his general and special concentration. But courses are not synonymous with subjects; they cut through or across subjects. The first work of the tutor is to help the student organize and correlate this course material so that his chosen field of study appears to him as continuous and homogeneous rather than as groups of data or ideas with little or no relation. For seven years the tutors proceeded on the principle that class instruction could be taken for granted, that the material offered in courses had been accepted and assimilated by the students. The results of the examinations lessened confidence in the validity of this position and pointed directly to the need for further instruction along the same line. Many of the courses in this Division have very large numbers; the majority of those which are elected by undergraduates are conducted by the lecture method with little or no opportunity for discussion or for a thorough test of the student’s grasp of the subject matter. Further study and emphasis in the tutorial conference of material already presented in courses is proving of inestimable value. The data frequently is the same, — an historical period, a theory of government, a principle of economics, — the point of view is different, the stimulus is different. In the tutorial conference there is no question of marks or discipline; the one important object is to understand something which appears to be important.

Thus the tutor’s work deals in part with the materials already presented in class instruction — correlating it, focusing it, teaching it. But to arrive at the standards imposed by the general examinations requires a very considerable amount of additional reading. The tutor must and does expand the field of study by assigning and discussing problems not within the limits of courses now offered. In this connection as well as in the reconsideration of course material the tutor strives to interest his students in general reading. This is a very great opportunity. The student at Harvard as well as at the other colleges of this country has been so beset with textbooks, books of selected readings, page assignments and the like, that the reading habit not only has gone undeveloped but has tended to become stultified. Through conferences with his tutor and by means of his reading, the student gains a familiarity with his subjects of study that courses alone cannot impart. Furthermore, if he responds adequately to tutorial direction, he forms, largely unconsciously, a reading habit, a critical judgment and a discriminating taste that the established system of college education seldom produces. Another phase of this subject, or perhaps a by-product of this tendency, is found in the matter of general reading during the vacations. Ten years ago the student was rarely found who did not regard the final examinations in June as the terminus of his educational effort for that year. By small degrees this is changing. With the inauguration of tutorial instruction students were urged to continue their reading during the vacations, especially during the summer months. The cumulative effect has been important. Students in sufficient numbers are undertaking this work, to call for facilities to direct their reading between June and September. A plan is now under consideration whereby tutors will be in Cambridge during the summer either to take personal charge of students or to direct their work by correspondence. The significance of this development is apparent when the reader is reminded that such work is not only voluntary but receives no credit in terms of grades or courses.

The tutor has still another function, less tangible perhaps, but no less important than those already mentioned. A cursory study of the college records of undergraduates is sufficient to indicate that a relatively small proportion achieve anything above mediocrity — that is, above a “C” grade. This is not because of limitation of capacity. Undergraduates are capable of accomplishment far beyond that registered in courses. But they have many interests other than those which find their expression in the class-room. Their interests and their efforts are scattered; much time and energy are wasted. A tutor of the type sought by this Division has the power and capacity to stimulate the undergraduate to real intellectual achievement. When a student comes to him with a predominating intellectual curiosity — the type of student who is usually a candidate for distinction — he has but to mould the material into finished form. The more difficult, but possibly the more important, task is to stimulate the less eager student, to make his subject of study real and alive, to make it attractive, to inspire the student to want to learn not because of the record that may be involved nor because of any particular honors that may be granted, but for the sake of the achievement itself. To do this on an increasingly larger scale is one of the main objects of the tutorial system. During the last three years there has been perceptible progress in this direction. A great deal remains to be done, but very definite limitations are imposed by the inflexible requirements of university instruction. Without any substantial change in these requirements considerably more can be accomplished. It depends upon securing the unusual type of tutor. With more flexibility and perhaps with some reasonable reduction of the requirements in terms of courses, progress is possible and probable that will be significant in the trend of American college education.

One might expect that the improvement in academic interest which the tutorial system has been able to stimulate would express itself in an increase in the number of candidates for distinction. To some extent such an increase has appeared; students have become candidates who would not have done so without the stimulation of individual direction and instruction. But there has been a concurrent counter effect. Candidacy for distinction is dependent upon grades in courses. Unfortunately, intellectual interest, sustained work and broad accomplishment are not always synonymous with a high grade in the particular course which covers a part of the field of study. Undergraduates in appreciable numbers are showing a distinct preference for tutorial rather than for class work — less effort is given to courses, more is devoted to the more intimate work with the tutor. No attempt is being made to pass upon the desirability of this tendency. It is simply presented as a tendency which is showing increasing strength.

Among the various experiments which the tutors have made in the effort to secure broader and better preparation for the general examinations have been those connected with written work. For some time it has been clear to the tutors that one of the most effective methods of instruction is found in the construction and repeated criticism of written reports, essays and theses. Incidentally, very few of the students do not need the added instruction in composition and expression that written work entails. Recently this Division, recognizing and emphasizing the value of written work, has voted that a satisfactory thesis shall be required of all candidates. To provide more adequate opportunity for writing of this character, each Department is now offering a course in thesis work.

The most significant development in connection with the tutorial system has been the very favorable response of the students. Tutorial instruction is an addition to the usual requirements for the degree. At the minimum this increase is equivalent, in terms of courses, to about one course a year or, during the three years of concentration, it approaches an additional requirement of a year’s work. At the maximum the only limitations are those set by the available time of the student and the tutor. Each year there are some students who give considerably more time to their tutorial instruction than to their more formal requirements. These, however, are exceptional instances. Yet, as a group, the majority of concentrators accept tutorial instruction as an educational opportunity rather than as a demand for additional hours of study. In spite of the very considerable increase in the work involved, concentration in this Division has increased steadily. When the system of general examinations and tutorial instruction was announced, concentration in the Division, especially in Economics, declined heavily. Almost immediately, however, the Division proceeded to win back the numbers it had lost through the additional requirements. In part, this may be explained by the introduction of general examinations in other Divisions, but there is reason to believe that concentration in this Division would have approximated its present position if the examinations had been confined to History, Government and Economics. Although this increase in numbers has been gratifying, a more pronounced reason for satisfaction is found in the distinct improvement in the quality of the student and in the level of accomplishment. To a large degree this is due to the failure of the unwilling or the less capable student to choose this Division as the field for his special study. In part, also, it is due to the increasingly effective work of the tutor. Indifferent students still choose this field, but in decreasing numbers, and as the sophomore and junior years pass by they are weeded out in considerable proportions or, responding to the efforts of the tutor, their work improves. After a trial, more or less prolonged, the indifferent student seeks other Departments, but during the last two years transfers to this Division have more than filled these vacancies.

Another aspect of tutorial work is indicative of the attitude of the student. Attendance at the conferences is not compulsory. There is no system of monitoring or reports of absences to the college office. The fear of disciplinary action cannot serve as a stimulus to meet appointments or to prepare assignments. It is true that the authority to employ disciplinary measures can be invoked if the occasion arises, but in eight years no resort to such measures has been necessary. Yet the cutting of tutorial appointments is comparatively rare, far less than the cutting of courses. The majority of concentrators, well over ninety per cent, seldom fail to meet their engagements. The tradition of tutorial work has become firmly established.

H. H. BURBANK.

Source: Harvard University. Reports of the President and the Treasurer of Harvard College, 1921-22, pp. 34-38.

Image Source: Assistant Professor of Economics Harold Hitchings Burbank in Harvard Class Album, 1920.

Categories
Curriculum Harvard Undergraduate

Harvard. Undergraduate Fields of Distribution. Economics Second, 1920

 

 

Economics served as a pioneer for the introduction of the division examination in a major field as a degree requirement. It is interesting to note that this additional requirement appears to have reduced the number of economics majors. “Beginning in 1914, all students “concentrating” in the division of history, government, and economics, have been obliged to take a general examination in their senior year. This requirement has been confined to that division, and has doubtless had the effect of turning away many men who otherwise would “concentrate” in economics.”

____________________

FIELDS OF “CONCENTRATION”

More students in Harvard College are specializing in English literature this year than in any other subject. Economics ranks second; and chemistry, third. Every student is now required to take during his four years in College at least six courses in some one field of study. Three hundred sixty-two men have chosen English literature as their field of “concentration”; 314, economics; 200, chemistry; 178, romance languages; 126, history; 87, government; and 63, mathematics.

In 1914 more students “concentrated” in economics than in any other subject; and English literature ranked second. In that year nearly four men were specializing in economics for every three in English. But since that time English has taken the lead. Beginning in 1914, all students “concentrating” in the division of history, government, and economics, have been obliged to take a general examination in their senior year. This requirement has been confined to that division, and has doubtless had the effect of turning away many men who otherwise would “concentrate” in economics.

Beginning with the class of 1922, however, the general examination, will be required of practically every student in Harvard College; and those who specialize in English and other subjects will be subject to a test similar to that which has been in force in the economics group for four years. There are already signs of a drift back to economics, though English is still in the lead.

Other changes in the past few years have been a decline in the number of men specializing in German, an increase in those specializing in Romance Languages, and an increase in the popularity of chemistry.

The figures for this year are as follows:

SUBJECT NUMBER OF MEN CONCENTRATING IN IT.
English

362

Economics

314

Chemistry

200

Romance Languages

178

History

126

Government

87

Mathematics

63

Engineering Sciences

53*

Geology

33

History and Literature

31

Biology

30

Classics

29

Fine Arts

29

Philosophy and Psychology

29

Physics

16

German

14

Music

10

Other Subjects

17

*This figure does not represent the entire enrollment in engineering, for most men whose tastes and abilities lie in this direction are registered in the Harvard Engineering School rather than in Harvard College.

 

Source:     Harvard Alumni Bulletin,   Vol. XXIII, No. 12 (December 16, 1920), p. 276.

 

Categories
Duke Undergraduate

Duke. Reflections on the learning objectives for undergraduate economics majors. Bronfenbrenner, 1977

 

 

This is a transcription of a draft of a paper that was later presented at the New York meeting of the American Economic Association (December 28, 1977) by Martin Bronfenbrenner (Chicago Ph.D., 1939). A revised version was published in Atlantic Economic Journal, vol. 6 (1978), pp. 22-25. The revision sandwiched the text below between an introductory and concluding sections. The conclusion consists of his responses to “strenuous opposition” the paper received from radical economists and faculty from small, “self-consciously ‘proletarian’ institutions.” To document the year of the draft, I have appended the comments (with date) from the Duke department of economics chair, Allen Kelley.

What struck me first upon seeing this draft was the reflection of a sexist empirical reality expressed in the subtitle of the paper. Bronfenbrenner title refers to “the person majoring in economics” as opposed to meaning major as “a particular course of study”: the published version begins with the sentence: “I view the undergraduate economics major not as a potential economist but as a potential lawyer or businessman, politician or journalist, and likewise as a potential voter.”)  But the brief note is more interesting as an artifact, an older scholar’s reflections (in the late 1970’s) of what an undergraduate education in economics should be all about. 

From the perspective of today, Bronfenbrenner’s inclusion of doctrinal history, 3 semesters of historical and/or current policy applications, 2 semesters of “alternative economic ideas and institutions” sounds like an early call (about forty years early to be precise) for the CORE Project.

__________________________

THE ECONOMICS MAJOR—WHAT IS HE?
Martin Bronfenbrenner, 1977 draft

We have on undergraduate campuses “Junior Ph.D.,” “Fraternity Row,” and “Split Level” major programs in Economics. As an elitist (meritocrat, intellectual snob) I want Economics to become a “Junior Ph.D.” major, along with, e.g., Mathematics and most of the natural sciences. There are plenty of alternatives open, including individual Economics courses, to playboys doing nothing and to intellectual anarchists “doing their own things.”

And so I should like undergraduate economics concentrations to include at least:

(1) Two semesters (or equivalent) of intermediate-level macro- and micro-theory of the standard sort. Doctrinal history might also fit into this group.

(2) Three semesters of quantitative techniques (mathematics at full-blown university level, statistics, econometrics, computer science, accounting). Formal requirements, such as the calculus, should also apply to the intermediate theory courses under (1) to avoid postponement to the student’s final term (which makes them meaningless).

(3) Three semesters of courses applying (1-2) to a historical record and-or to significant current problems of the U.S. and international economies.

(4) Two semesters’ exposure to “alternative” economic ideas and institutions. Radical and institutional economics naturally belong here, along with comparative systems, economic anthropology, specific studies of non-capitalist countries, etc.

(5) (For honors candidates) A “small-group learning experience” of a semester seminar which includes an honors essay. The essay should not only overcome passivity and indicate competence in some facet of undergraduate economics, but demonstrate ability at expository writing.

I have minimized reference to specific courses, since Section 1 of Public Finance, say, under Professor Jones, may be all theory and belong in Group 1, while Section 2 (Professor Brown) may be all policy problems (Group 3) and Section 3 (Professor Johnson) may fit equally well in either category. Harassed Chairmen, Executive Officers, and Directors of Undergraduate Studies will have unavoidable problems with the “nuts and bolts” of such a major, if they take their duties seriously. These problems will be lessened, of course, insofar as superior students are allowed to do whatever they like regardless of formal rules.

But before writing this proposal off as “impossible” or “Utopian” (as well as “elitist,”) please consider a few “matters in mitigation.”

(a) Economics won’t, and shouldn’t, do it all. Credit toward all the above requirements should be allowed for work in other departments. Mathematics, Computer Science and Economic History (as viewed by historians) are obvious examples. Labor Law in the Law School, History of Politics of Africa or Latin America with strong “Economic Development” or “International Economics” loadings, the History of Socialism, inter-disciplinary studies of the U.S.S.R. or Modern China, are only a little less obvious.

(b) The prospective Economics major should be encouraged to read Principles on his own, and go directly into Intermediate Theory. Alternatively, he should be shunted into a one-semester version of Principles. (Need I add that some version at least of the Principles course should be open to Freshmen?) More controversially perhaps, I also believe that the Principles course should be aimed primarily at non-majors, and modeled more frequently on the legendary “Physics for Poets” than on cram courses for Ph.D. qualifying examinations.

(c) The seminar (5) would presumably always count simultaneously toward satisfaction of some other requirement (1-4).

(d) And finally, I think the universities yielded too much on course requirements to the student activism of 1967-71. Reduction of the standard 5-course load to 4 courses, I recall, was proposed to promote student creativity and student participation in the real-world off-campus community. Well, it didn’t work that way. (And thank God, say I, whenever I read a student newspaper!) The 5-course normal load, I accordingly suggest, should be restored at least for the Sophomore and Junior years. Freshmen in process of culture shock, and Seniors in process of job-hunting, might well be left alone with the 4-course load.

MARTIN BRONFENBRENNER
Duke University

__________________________

Comment on draft by Allen Kelley, Chairman of the Duke Department of Economics

Department of Economics
Duke University

Chairman [Allen Kelley]
August 31, 1977

Dear Martin,

Dave Davies passed along your draft of the comment for the Christmas meetings.

A couple of observations.

Why would you consider doctrinal history as a substitute for theory? I’d almost put it in your category 4.

Why so much quantitative training? Statistics I can see as a major requirement. But accounting, computer programming? The latter can be learned at a mini-pragmatic level in the stat course, where the student runs some regressions with standard packages (e.g., SPSS). Many excellent students will want to do more analytical work, and spending three of their courses on quantitative skills seems a bit excessive.

I like everything else, and especially your addition of 4. Of course, I believe in 5, and most of the students already do 3 in most majors.

A final point, one that can’t be resisted by a zealous chairman. Does the University of Colorado have to get such heavy credit—looks like a joint appointment. We Dukies want to internalize all of your great prestige!

I’ve not sent this to Japan, since it would take too long to forward back to Durham.

Welcome home.

[signed “Allen”]

Durham, North Caorlina 27706

(919) 684-2723

 

Source: Duke University. David M. Rubenstein Rare Book & Manuscript Library. Economists’ Papers Project. Papers of Martin Bronfenbrenner, Box 26, Folder “Misc”.

 

Categories
Exam Questions Swarthmore Undergraduate

Swarthmore. External Examiner Richard Musgrave’s Economic Theory Exam, 1946

 

 

Harvard economics alumnus Wolfgang Stolper (Ph.D. 1938) was able to leverage his friendships and connections from graduate school to obtain a flow of external examiners for Swarthmore College’s honors examinations in economics. For today’s post I have transcribed the examination questions in economic theory provided by Richard Musgrave (Harvard Ph.D., 1937).

The 1943 honors examination questions of Paul Samuelson have been posted earlier.

_________________________

SWARTHMORE COLLEGE

Honors Examination
Richard A. Musgrave
Federal Reserve Board
Washington, D. C.

June 11, 1946
2:00-5:00 p.m.

ECONOMIC THEORY

Answer 4 questions, one from each part. All questions have equal weight.

Part I

There are some basic tools and concepts of economic analysis which can be applied to the solution of a variety of economic problems. Demonstrate this for any one of the following three tools, choosing such illustrations as you consider most significant:

(1) Indifference curves
(2) Tendency toward equilibrium
(3) Multiplier principle

Indicate both merits and shortcomings of your tool.

Part II

(1) Explain the shape of short and long run cost curves for the individual firm and show their relationship to the industry’s cost schedule.

(2) “From the social point of view perfect competition is always superior to monopolistic competition, monopoly or oligopoly.” Discuss.

(3) Discuss price determination under duopoly.

(4) Show briefly the effects on a firm’s price and output of any three of these changes:

(a) An increase in wage rates
(b) A progressive tax on profits
(c) A fall in demand
(d) A flat tax on unit of output. Show how the results will depend upon the prevailing state of competition.

Part III

(1) Compare the economic determination of (a) distribution of income and (b) factor prices in a free market economy and in a centrally planned economy.

(2) “The theory of distribution based on the concept of marginal productivity provides the economist with an adequate answer to the solution of wage disputes”. Do you agree?

(3) Discuss the difference, if any, between interest and profits and state the major factors which determine either return.

(4) Discuss the economic pros and cons of a more equal distribution of income, allowing for all major aspects of the question.

Part IV

(1) Suppose that a rapid development of atomic energy during the next 10 years will lead to a drastic reduction in the cost of power and a replacement of coal and electricity. What would be some of the economic consequences?

(2) Discuss the major factors determining the level of income and employment. You may illustrate with reference to a future year, say 1950.

(3) “As long as flexible costs and prices are assured, it is indeed impossible that overproduction or unemployment should prevail. The doctrine of under-employment equilibrium advanced by Keynes and others is based on the assumption of price rigidity.” Do you agree?

(4) “The capitalist society is inherently unstable. It may be likened to a bicycle rider who can maintain his balance only by moving ahead at a rapid rate.” Explain and discuss.

 

Source: Duke University. David M. Rubenstein Rare Book and Manuscript Library. Economists’ Papers Archive. Wolfgang Stolper’s Papers. Box 22, Folder 1.

Image Source:Richard A. Musgrave portrait from the University of Michigan Faculty History Project.

Categories
Curriculum Harvard Uncategorized Undergraduate

Harvard. Undergrad economics program described in The Harvard Crimson, 1953

 

 

The Harvard Crimson has a really useful search function that can get you a student’s perspective on undergraduate economics education in Harvard’s ivy-covered (well, sometimes) lecture halls. I added links to courses and professors for a bit of value-added. Otherwise the article speaks for itself.

_______________________

The Harvard Crimson
April 22, 1953

Economics
Number of Concentrators: 331.
1952 Commencement Honors: cum, 17; magna, 20; summa, 1; 2 cums in General Studies.

The fact that Economics can boast one of the top faculties in the country, and probably has more nationally known professors than any other department in the College, is one of the main drawbacks to the concentrator. For few undergraduates are able to claim having really studied under any of them.

Most of the courses are conducted under the lecture system which does allows the undergraduate little contact with the men who divide their time between Washington and Cambridge.

The mistake should not be made that a concentrator in Economics will be trained in how to make his first million, no illusions should be developed that Economics is just another term for business administration. What the Department of Economics attempts to do is quite simple: the development of the economic background to present day social and political issues.

Tutorial

Economics I, required of every concentrator, is designed to introduce the student to the field. Its main criticism is that it is too general. But in the past it has been quite efficient in preparing students for the more advanced courses.

In an attempt to introduce some personal contact, the Department has now extended tutorial to all sophomores and juniors. According to Departmental chairman Arthur Smithies, its purpose is threefold: 1) to make specific things brought up in classes more concrete, 2) to tie the various fields of economics together, 3) to bring out the close relationship between economics and the other social sciences.

Tutorial in the junior year, usually limited to honors candidates, is now open to non-honors candidates also. Called “presumptive honors tutorial,” it meets in sessions conducted along honors tutorial lines. The program was opened last year with the hope of inducing more concentrators to apply for honors in their senior year. According to Ayers Brinser ’31, Head tutor of Economics, a great majority of the juniors who enter the junior tutorial with no intention of being an honors-candidates, change their minds during the junior year. By offering the presumptive tutorial, the department enables students who did not sign for honors to change in their senior year.

Basic Courses

Requirements for concentration do not impose too great a restriction on the concentrator’s program. Four Economic courses including Economics I are a must for non-honors men, while honors candidates are held for five. Three of the courses must be chosen from the basic courses: Economics 101, Economic Theory and Policy; Economics 141, Money, Banking and Economics Fluctuations; Economics 151. Public Finance; Economics 161, Business Organization and Public Regulation; Economics 171, Economics of Agriculture; and Economics 181a and b, Trade Unionism and Collective Bargaining, Public Policy and Labor.

Honors candidates may elect to take tutorial for credit for one semester of their senior year, while they work on their 40,000 word theses. Currently, more than a third of the concentrators are honors candidates.

The department also requires all concentrators to take full courses in Government, History, Social Relations or the second group Social Science courses.

Most popular of the advanced courses last year was Economics 161. Professors Kaysen and Galbraith divided last year’s schedule. The course deals with the structure and character of business and their markets; the attitude of the public toward combination and regulation, including the transportation industry and the public utilities; and the problems of resource conservation and industrial mobilization.

Labelled by most concentrators as the most difficult of the basic courses, Economics 141 crams a great deal into its program. Most concentrators prefer to get this one out of the way in their sophomore or junior year, since it is a good foundation for other courses in the field.

Labor Economics

One of the most popular professors teaching an undergraduate courses, John Dunlop will be back to give the two semesters of Labor Economics. Different from the other basic courses in that it emphasizes more human aspects, Economics 181 combines human and legal aspects of the labor movement as well of the economic foundation.

Economics 101, the basic theory course for undergraduates, is restricted to honors candidates in their last year of study.

Source: The Harvard Crimson, April 22, 1953.