All posts filed under “Education

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Rethinking Dutch Economics Education

Last week, the Dutch branch of Rethinking Economics published a study on the build-up of  Dutch economics curricula (bachelor’s). Rethinking Economics is an international network of students, academics and professionals whose goal it is to diversify and renew contemporary economic thinking. The major conclusion this study draws is that Dutch economics education is dominated by the study of market mechanisms among rational, utility-maximising actors. This stems from the supremacy of neoclassical economics in Dutch economics education, with 86% of the theory course time assigned to that economic school. None of the other schools of economic thought have more than 4% of course time. Another area the study focuses on, as seen in the figures, is research methods. Rethinking Economics NL criticises the lack of qualitative analysis, and conclude that ‘students are effectively blinded by to all aspects of the economy which cannot be expressed in numbers’. Lastly, another big complaint is that three-quarters of the curriculum is dominated by abstract theory and methods, and not by real world economics. (source)

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The Lingering Effects on Public Universities in the US

Although pundits claim that we have left the financial crisis behind us, many of the measures were taken during that time, are still having a negative effect on the world. One example of this is public education in the United States. This chart, made by The Wall Street Journal, shows the amount states spend on public universities has come down significantly since 2008. On the other hand, the average tuition fees have grown considerably in the last two decades: from $3.829 in 2000, up to $6.572 in 2017. This has led to the tuition fees being higher in some states, than the state educational appropriations. The amount of money states spend on higher education varies dramatically. Vermont appropriates the least, at $2.695 a student—down 20% since the recession; Wyoming spends the most, $18.237, up 4%. (source)