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IV
Economics Programs
In this chapter 93 research-doctorate programs in economics are
assessed. These programs, according to the information supplied by
their universities, have accounted for 3,770 doctoral degrees awarded
during the FY1976-80 period--approximately 92 percent of the aggregate
number of economics and econometrics doctorates earned from U.S. uni-
versities in this five-year span. On the average, 68 full-time and
part-time students intending to earn doctorates were enrolled in a pro-
gram in December 1980, with an average faculty size of 23 members.2
Two programs were initiated since 1970. Each of two institutions--the
University of California (Davis) and Oklahoma State University--has two
economics programs included in the assessment. In addition to the 91
institutions represented in this discipline, another 3 were initially
identified as meeting the criteria3 for inclusion in the assessment:
Colorado School of Mines
SUNY at Buffalo
Utah State University--Logan
The Colorado School of Mines chose not to participate in the assessment
in any discipline. Economics programs at the other two institutions
have not been included in the evaluations in this discipline, since in
each case the study coordinator either indicated that the institution
did not at that time have a research-doctorate program in economics or
failed to provide the information requested by the committee.
data from the NRC's Survey of Earned Doctorates indicate that 3,966
research doctorates in economics and another 126 research doctorates
in econometrics were awarded by U.S. universities between FY1976 and
FY1980.
2See the reported means for measures 03 and 01 in Table 4.2.
3As mentioned in Chapter I, the primary criterion for inclusion was
that a university had awarded at least 12 doctorates in economics dur-
ing the FY1976-78 period.
51
1
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52
Before examining individual program results presented in Table 4.1,
the reader is urged to refer to Chapter II, in which each of the 16
measures used in the assessment is discussed. Summary statistics de-
scribing every measure are given in Table 4.2. For 14 of the measures,
data are reported for at least 91 of the 93 economics programs. For
measure 12, a composite index of the size of a university library, data
are available for 75 programs; for measure 14, the total university ex-
penditures for research in this discipline, data are available for 69
programs. The programs not evaluated on measures 12 and 14 are typi-
cally smal~er--in terms of faculty size and graduate student enroll-
ment--than other economics programs. Were data on these two measures
available for all 93 programs, it is likely that their reported means
would be appreciably lower {and that some of the correlations of these
measures with others would be higher).
Intercorrelations among the 16 measures (Pearson product-moment co-
efficients) are given in Table 4.3. Of particular note are the high
positive correlations of the reputational survey results with the total
number of FY1976-80 program graduates (measure 02) and the total num-
ber of 1978-80 articles by program faculty (measure 17~. Figure 4.1
illustrates the relation between the mean rating of the scholarly qual-
ity of faculty (measure 08) and the number of faculty members (measure
01) for each of 93 programs in economics. Figure 4.2 plots the mean
rating of program effectiveness (measure 09) against the total number
of FY1976-80 program graduates (measure 02~. Although in both figures
there is a significant positive correlation between program size and
reputational rating, it is quite apparent that some of the smaller pro-
grams received high mean ratings and that some of the larger programs
received low mean ratings.
Table 4.4 describes the 185 faculty members who participated in the
evaluation of economics programs. These individuals constituted 66
percent of those asked to respond to the survey in this discipline and
9 percent of the faculty population in the 93 research-doctorate pro-
grams being evaluated.4 A majority of the survey participants had
earned their highest degree prior to 1970, and more than half held the
rank of full professor.
To assist the reader in interpreting results of the survey evalua-
tions, estimated standard errors have been computed for mean ratings
of the scholarly quality of faculty in 93 economics programs (and are
given in Table 4.1~. For each program the mean rating and an associ-
ated "confidence interval" of 1.5 standard errors are illustrated in
Figure 4.3 (listed in order of highest to lowest mean rating). In
comparing two programs, if their confidence intervals do not overlap,
one may conclude that there is a significant difference in their mean
ratings at a .05 level of significance.5 From this figure it is also
apparent that one should have somewhat more confidence in the accuracy
_ _ , _
4 See Table 2.3 in Chapter II.
ssee pp. 30-32 for a discussion of the interpretation of mean ratings
and associated confidence intervals.
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53
of the mean ratings of higher-rated programs than lower-rated programs.
This generalization results primarily from the fact that evaluators are
not as likely to be familiar with the less prestigious programs, and
consequently the mean ratings of these programs are usually based on
fewer survey responses.
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54
TABLE 4.1 Program Measures (Raw and Standardized Values) in Economics
Characteristics of
Prog Program Size Program Graduates
No. University - Department/Academic Unit (01) (02) (03) (04) (05) (06) (07)
001. American University 16 20 140 .17 9.5 .79 .04
Economics ' 43 43 66 46 31 51 35
002. Arkansas, University-Fayetteville 19 26 15 .12 7.5 .83 .21
Economics 46 45 38 42 48 55 47
003. Boston College 21 23 69 .16 7.3 .80 .24
Economics 48 44 50 46 50 52 49
004. Boston University 38 25 80 .11 9.7 .80 . 00
Economics 65 44 53 41 30 52 32
005. Brown University 15 34 50 .19 6.6 .70 .38
Economics 42 48 46 48 56 43 58
006. CUNY-Graduate School 13 40 57 .22 8.8 .56 .17
Economics 40 50 48 51 3 7 29 44
007. California Institute of Technology 19 10 18 NA NA NA NA
Economics* 46 39 39
008. California, University of-Berkeley 26 118 135 . 28 7.0 . 85 .38
Economics 53 78 65 56 52 57 58
009. California, University of-Davis 26 33 61 . 19 6.0 .85 .46
Agricultural Economics 53 47 48 49 61 56 64
010. California, University of-Davis 19 23 61 .22 6.7 .83 .11
Economics 46 44 48 51 55 55 40
011. California, University of-Los Angeles 27 73 118 .14 7.0 .75 .35
Economics 54 62 61 44 52 47 56
012. California, University of-Riverside 10 17 33 . 07 7.0 .73 .20
Economics 36 42 42 37 52 46 46
013. California, University of-San Diego 20 19 56 .33 6.5 .56 .28
Economics 47 42 47 61 56 29 51
014. California, University of-Santa Barbara 25 30 51 . 13 7.3 .73 .13
Economics 52 46 46 43 50 46 41
015. Carnegie-Mellon University 17 13 22 .43 5.5 .94 .75
Industrial Administration 44 40 40 70 65 65 84
016. Case Western Reserve University 10 12 16 .42 9.9 .73 .18
Economics 36 40 38 69 28 45 45
017. Chicago, University of 27 121 120 .37 7.0 . 93 .44
Economics 54 79 62 65 53 64 63
018. Cincinnati, University of 16 29 53 .08 7.3 .68 .12
Economics 43 46 4 7 3 8 50 40 41
019. Claremont Graduate School 19 28 50 .27 8.9 .74 .06
Economics 46 46 46 56 36 46 36
020. Clark University 9 14 35 .26 7.0 .94 .28
Economics 35 40 43 55 52 66 51
* indicates program was initiated since 1970.
NOTE: On the first line of data for every program, raw values for each measure are reported;
on the second line values are reported in standardized form, with mean = 50 and
standard deviation = 10. "NA" indicates that the value for a measure is not available.
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55
TABLE 4.1 Program Measures (Raw and Standardized Values) in Economics
University Research Published Survey Ratings
Prog Survey Results Library Support Articles _ Standard Error
No. (08) (09) (10) (11) (12) (13) (14) (17) (18) (08) (09) (10) (11)
001. 1.3 0.7 1.1 0.5 NA .06 74 12 .31 .11 .11 .08 .06
42 40 49 42 46 41 40 29
002. 0.7 0.3 NA 0.2 NA .00 1043 13 .42 .09 .09 NA .04
36 33 36 42 52 40 3 7
003. 1.8 1.1 1.2 0.8 NA .14 NA 33 .48 .11 .09 .09 .06
46 47 51 48 52 45 40
004. 2.3 1.4 1.5 0.8 -0.4 .05 350 24 .29 .09 .09 .09 .06
50 50 63 49 45 45 44 43 28
005. 3.4 2.0 1.0 1.5 -1.1 .40 108 33 .67 .08 .06 .06 .06
59 60 44 63 3 8 71 42 45 53
006. 1.6 0.9 0.9 0.5 NA .00 280 10 .39 .11 .09 .11 .06
44 43 43 43 42 44 39 34
007. 3.0 1.9 1.5 1.1 NA .42 NA 65 .84 .09 .07 .08 .07
56 59 64 55 73 53 64
008. 4.1 2.3 0.4 1.6 2.2 .19 2612 67 .69 .07 .06 .06 .05
65 65 22 65 70 56 71 54 54
009. 2.6 1.9 1.1 0.3 0.6 .00 1063 77 .73 .22 .13 .13 .06
53 59 48 39 55 42 53 56 5 7
010. 2.4 1.3 1.2 0.9 0.6 .11 1063 60 .84 .08 .07 .08 .05
51 50 51 49 55 49 53 52 64
011. 4.1 2.1 1.4 1.8 2.0 .22 1117 64 .70 .06 .07 .06 .04
65 62 60 68 68 58 53 53 55
012. 1.1 0.5 0.5 0.5 -1.0 .00 NA 33 .80 .10 .09 .11 .06
40 3 7 28 42 39 42 45 61
013. 3.2 1.8 1.7 1.2 -0.0 .25 NA 31 .60 .08 .07 .06 .07
58 57 71 56 48 60 45 48
014. 2.2 1.3 1.4 0.9 -0.1 .00 5 78 .64 .09 .08 .09 .06
49 49 61 50 48 42 40 56 51
015. 3.1 2.1 0.8 1.2 NA .47 585 54 .82 .08 .07 .08 .07
57 62 37 55 77 47 50 63
016. 0.5 0.4 0.7 0.2 - 1.3 .10 NA 12 .50 .09 .09 .10 .04
35 35 35 36 36 49 40 42
017. 4.8 2.7 1.0 1.9 0.9 .22 617 94 .70 .04 .05 .06 .03
72 72 44 70 5 7 5 8 4 8 60 55
018. 1.0 0.6 1.0 0.2 -0.2 .06 NA 17 .56 .11 .14 .09 .04
39 38 44 37 46 46 41 46
019. 2.0 1.3 1.1 0.6 NA .00 NA 25 .37 .10 .11 .12 .06
48 49 48 45 42 43 33
020. 0.6 0.5 0.9 0.3 NA NA 18 9 NA .10 .09 .07 .05
36 36 41 38 41 39
NOTE: On the f irst line of data for every program, raw values for each measure are reported;
on the second line values are reported in standardized form, with mean = 50 and
standard deviation = 10. "NA" indicates that the value for a measure is not available.
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56
TABLE 4.1 Program Measures (Raw and Standardized Values) in Economics
Characteristics of
Prog Program Size Program Graduates
No. University - Department/Academic Unit (01) (02) (03) (04) (05) (06) (07)
021. Colorado State University-Fort Collins 39 28 22 .18 8.3 .78 .33
Economics 66 46 40 47 42 50 55
022. Colorado, University of 20 62 15 .16 6.7 .71 .16
Economics 4 7 5 8 3 8 46 55 43 44
023. Columbia University 28 53 213 .21 7.6 .84 .26
Economics 55 54 82 50 48 56 50
024. Connecticut, University of-Storrs 19 32 45 .27 9.1 .73 . 06
Economics 46 4 7 45 56 35 45 3 7
025. Cornell University-Ithaca 24 55 67 .23 6.2 .84 .32
Economics 51 55 50 52 59 56 55
026. Duke University 22 57 60 .40 6.7 .80 .21
Economics 49 56 48 68 55 52 47
027. Florida State University-Tallahassee 16 28 60 .27 7.3 .78 .19
Economics 43 46 4 8 56 50 50 45
028. Florida, University of-Gainesville 20 22 32 .12 5.4 .64 .04
Economics 4 7 43 42 42 66 3 7 35
029. Fordham University 14 14 57 .14 9.5 .62 .08
Economics 41 40 4 8 44 31 34 3 8
030. George Washington University 24 51 157 .09 9.3 .61 .00
Economics 51 54 70 39 34 34 32
031. Georgetown University 15 18 47 .05 8.8 .70 .05
Economics 42 42 45 36 37 42 36
032. Georgia State University-Atlanta 20 25 46 .12 9.1 .84 .16
Economics 47 44 45 42 35 56 43
033. Harvard University 34 123 130 .37 6.7 .91 .46
Economics 61 80 64 64 55 62 64
034. Hawaii, University of 21 36 70 .09 7.0 .78 .16
Economics* 48 48 50 39 52 50 43
035. Illinois, University-Urbana/Champaign 56 77 98 .15 5.4 .87 .40
Economics 83 63 57 45 66 59 60
036. Indiana University-Bloomington 21 53 66 .26 8.9 .88 . 23
Economics 48 54 50 55 36 59 48
037. Iowa State University-Ames 32 99 122 . 10 6.2 .70 .33
Economics 59 71 62 41 59 42 55
038. Iowa, University of-Iowa City 23 21 36 .25 6.3 .83 .42
Economics 50 43 43 54 58 55 61
039. Johns Hopkins University 7 51 41 .26 6.2 .89 .24
Political Economy 33 54 44 54 59 60 49
040. Kansas, University of 17 8 32 .30 6.3 .70 .40
Economics 44 38 42 58 59 42 60
* indicates program was initiated since 1970.
NOTE: On the f irst line of data for every program, raw values for each measure are reported;
on the second line values are reported in standardized form, with mean = 50 and
standard deviation = 10. "NA" indicates that the value for a measure is not available.
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57
TABLE 4.1 Program Measures (Raw and Standardized Values) in Economics
Survey Results
(08) (09) (10) (11)
1.2 0.7 1.1 0.3
41 40 49 3 8
1.6 1.1 0.9 0.5
44 46 42 43
4.2 2.1 1.4 1.7
66 62 59 65
1.4 0.8 1.2 0.5
43 42 53 42
3.2 1.8 1.3 1.3
57 57 56 59
026. 3.0 1.8 1.4 1.3
56 58 60 58
027. 1.5 1.0 1.0 0.5
43 45 45 42
028. 2.2 1.2 1.6 0.9
49 47 67 51
029. 0.6 0.4 1.1 0.2
35 35 49 3 7
030. 1.7 1.0 1.1 0.7
45 45 49 4 7
1.0 0.7
39 40
1.2 0.7
41 40
4.9 2.4
72 67
1.0 0.6
39 39
2.8 1.6
54 54
036. 1.9
46
037. 2.4
51
038. 2.1
48
039. 3.1
57
040. 1.4
42
1.0
44
1.1
48
1.0
45
1.0
44
0.9
42
1.2 0.8
48 38
1.8 0.8
57 40
1.3 1.5
50 65
1.9 0.6
59 31
0.8 0.8
42 38
0.3
38
0.4
40
1.9
70
0.2
37
1.1
55
0.7
46
0.8
47
0.9
50
1.4
60
0.5
42
0.3
52
-0.4
45
0.8
56
NA
NA
-0.6
43
NA
Univers ity Research
Library Suppor t
(12) (13) (14)
-1. 1 .00 1064
3 8 42 53
-0.9 .10 132
40 49 42
1.7 .21 2992
66 57 75
-0.5 .00 108
44 42 42
1.6 .29 1591
64 63 59
.18 99
55 42
.00 165
42 42
.05 396
45 45
.00 NA
42
.04 200
45 43
.00 NA
42
.00 NA
42
.27 1647
61 59
.00 436
42 45
.13 2858
51 73
3.0
78
- O. . 1
47
2.0
68
0.9
58
—0.5
44
0.3
51
—0.4
45
0.1
50
NOTE: On the f irst line of data for every program,
.10 49
49 41
.13 1795
51 61
.09 51
48 41
NA 38
41
.00 315
42 44
Published Survey Ratings
Articles Standard Error
(17) (18) (08) (09) (10) (11)
62 .49
52 41
41 .70
47 55
72 .71
55 56
14 .42
40 37
42 .7 1
47 55
90
59
21
42
52
50
4
38
34
45
15
41
22
42
197
86
34
45
158
76
.12 .12
.12 .11
.06 .06
..0 9 . 11
.0 6 .0 5
.0 6 .06
.09 .05
.10 .06
.07 .05
.08 .05
.07 .06
·07 .06
.77
60
.69
54
.85
65
.14
18
.50
42
.47
40
.50
42
.79 .03 .07 .07 .03
61
.76 .11 .11 .09 .04
59
.75 .08 .08 .08 .05
58
.11 .08
.09 .09
.11 .11
.09 .09
.11 .10
.12 .11
.08 .08
23 .67
43 53
92 .69
60 54
26 .61
43 49
12 NA
40
10 .35
39 32
.10 .10
.09 .08
.08 .08
.11 .08
.11 .10
.07
.10
.08
.07
.11
raw values for each measure are reported;
on the second line values are reported in standardized form, with mean = 50 and
standard deviation = 10. "NA" indicates that the value for a measure is not available.
.08 .06
.08 .06
.12 .05
.08 .06
.07 .05
.12
.06
.06
.06
.06
.06
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58
TABLE 4.1 Program Measures (Raw and Standardized Values) in Economics
Prog
No. University - Department/Academic Unit
Program Size
(01) (02)
Characteristics of
Prouram Graduates
(03) (04) (05) (06) (07)
041. Kentucky, University of 17 30 46 .19 6.4 .89 .30
Economics 44 46 45 4 8 5 7 60 53
042. Maryland, University of-College Park 40 45 213 .14 8.3 .77 .20
Economics 6 7 52 82 44 42 49 46
043. Massachusetts Institute of Technology
Economics
044. Massachusetts, University of-Amherst
Economics
045. Michigan State University-East Lansing
Economics
046. Michigan, University of-Ann Arbor
Economics
047. Minnesota, University of
Economics
048. Missouri, University of-Columbia
Economics
049. Nebraska, University of-Lincoln
Economics
37 129
64 82
25 20
52 43
29 40
56 50
45 82
72 65
33 71
60 61
15 21
42 43
20 27
47 45
129
64
94
56
52
46
143
67
100
57
42
44
35
43
.63 5.6
88 64
.16 7.7
45 47
.06 8.0
37 44
.36 6.6
64 56
.20 8.2
4g 43
.29 7.0
57 52
.07 7.8
37 46
.91
62
.42
16
.74
46
.85
57
.80
52
.79
51
.53
68
.11
40
.24
49
.30
53
.39
59
.33
55
.77 .17
49 44
050. New School for Social Research 11 43 214 .06 10.1 .61 .17
Economics 3 7 51 83 36 26 34 44
051. New York University 29 38 82 .05 8.3 .55 .05
Economics 56 49 53 36 42 28 36
052. North Carolina State University-Raleigh 44 41 45 .32 6.9 .90 .24
Economics and Business 71 50 45 60 53 62 49
053. North Carolina, University of-Chapel Hill
Economics
054. Northern Illinois University-De Kalb
Economics
055. Northwestern University
Economics
056. Notre Dame, University of
Economics
057. Ohio State University-Columbus
Economics
058. Oklahoma State University-Stillwater
Agricultural Economics
059. Oklahoma State University-Stillwater
Economics and Finance
26 55
53 55
16 18
43 42
41 53
68 54
12 31
38 47
24 30
51 46
23 35
50 48
17 28
44 46
65
49
30
41
101
57
60
48
77
52
26
41
29
41
.18 6.3
48 58
.06 9~5
36 31
.41 5.6
68 64
.19 5.8
48 62
.12 6.3
42 58
NA NA
.26 7.0
55 52
.86
57
.89
60
.81
53
.59
32
.82
54
NA
.42
61
.11
40
.36
57
.17
44
.35
57
NA
.78 .28
50 51
060. Oklahoma, University of-Norman 15 20 23 .08 8.3 .63 .21
Economics 42 43 40 3 8 41 35 4 7
* indicates program was initiated since 1970.
NOTE: On the first line of data for every program, raw values for each measure are reported;
on the second line values are reported in standardized form, with mean = 50 and
standard deviation = 10. "NA" indicates that the value for a measure is not available.
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59
TABLE 4.1 Program Measures (Raw and Standardized Values) in Economics
Prog Survey Results
No. (08) (09) (10) (11)
041.
042.
1.5
44
3.2
58
043. 5.0
73
044. 2.3
50
045. 2.9
55
046. 3.9
63
047. 4.4
68
048. 1.3
42
049. 1.2
40
050. 1.4
42
0.8
41
1.6
54
2.9
74
1.2
48
1.7
56
2.1
63
2.5
68
0.9
42
0.7
40
0.8
41
051. 3.4 1.6
60 54
052. 1.9 1.3
47 50
053. 2.8 1.7
54 56
054. 0.7 0.3
36 34
055. 4.1 2.2
65 64
1.0
46
1.5
65
1.2
52
0.9
41
1.3
55
1.1
51
1.4
61
0.9
42
1.0
46
0.9
41
1.6
68
0.9
43
1.1
50
0.7
36
1.5
64
0.9 0.6 0.9
38 39 41
2.3 1.4 1.0
50 51 46
058. 1.3 0.8 NA
42 42
059. 1.4 1.0 1.0
43 44 47
060. 0.8 0.6 1.0
38 38 46
Univers ity
Library
(12)
0.5 -0.1
43 48
1.4 0.2
60 50
1.9 -0.3
70 46
1.1 -0.7
54 42
1.1 0.3
54 52
1.6 1.8
64 66
1.7 1.2
65 60
0.4 -0.2
41 47
0.3 -0.5
38 44
0.8 NA
49
1.5
61
0.5
43
1.1
55
0.2
36
1.8
67
0.4
41
1.0
52
0.2
36
0.6
43
0.3
38
0.5
53
NA
1.0
58
NA
.14 747
52 49
.02 NA
43
.15 265
53 43
.00 181
42 42
0.3 .3 2 272
52 65 44
-1.3 .00 NA
36 42
0.9 .17 1061
57 54 53
-1.9 .00 389
30 42 45
-1.9 .00 389
30 42 45
-0.6 .00 468
43 42 46
Research Published
Support Articles
(13) (14) (17) (18)
.00 NA 22 .53
42 42 44
.13 1162 46 .65
51 54 48 52
.54 1731 161 .78
82 60 77 60
.00 370 37 .56
42 45 46 46
.03 2812 119 .69
44 73 67 54
.27 1108 123 .80
61 53 68 61
.24 1847 90 .67
60 62 59 53
.00 1670 31 .73
42 60 45 57
.00 1204 39 .60
42 54 47 48
.00 NA 14 .55
42 40 45
75 .69
56 54
80 .64
57 51
90 .81
59 62
28 .75
44 58
76 .68
56 54
30 1.00
44 74
60 .75
52 58
37 .57
46 46
12 .35
40 32
27 .53
44 44
Survey Ratings
Standard Error
(08) (09) (10) (11)
.10 .09 .10 .06
.07 .06
.05 .03
.08 .07
.00 .04
.10 .09 .08 .06
.08 .07 .07 .07
.06 .06 .07 .06
.06 .05 .06 .05
.12 .10 .06 .06
.05
.06
.12 .11
.12 .10
.07 .07 .07 .06
.12 .11 .09 .06
.08 .07 .06 .06
.09 .08 .12 .04
.06 .05 .07 .04
.12 .09 .07 .06
.09 .07 .07 .06
.19 .19 NA .04
.11 .11 .05 .06
.09 .10 .07 .04
NOTE: On the first line of data for every program, raw values for each measure are reported;
on the second line values are reported in standardized form, with mean = 50 and
standard deviation = 10. "NA" indicates that the value for a measure is not available.
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TABLE 4.1 Program Measures (Raw and Standardized Values) in Economics
Characteristics of
Prog Prouram Size Program Graduates
No. University - Department/Academic Unit (01) (02) (03) (04) (05) (06) (07)
061. Oregon, University of-Eugene 17 32 35 .13 6.6 .76 .17
Economics 44 47 43 43 56 48 44
062. Pennsylvania State University 24 26 42 .21 8.8 .73 .21
Economics 51 45 44 50 38 45 47
063. Pennsylvania, University of 41 87 148 .17 7.0 .83 .22
Economics 68 67 68 47 52 55 47
064. Pittsburgh, University of 23 54 61 .20 6.6 .84 .20
Economics 50 55 48 49 55 55 46
065. Princeton University 41 75 76 .32 6.3 .89 .39
Economics 68 62 52 60 58 60 59
066. Purdue University-West Lafayette 21 45 45 .27 5.3 .85 .40
Economics 48 52 45 55 66 57 60
067. Rice University 12 23 33 .20 6.4 .73 .27
Economics 38 44 42 49 57 46 51
068. Rochester, University of 15 38 59 .14 7.1 .78 .46
Economics 42 49 48 43 51 50 64
069. Rutgers, The State University-New Brunswick 35 27 71 .20 7.0 .92 .42
Economics 62 45 51 49 52 63 61
070. SUNY at Albany 16 34 67 .08 7.0 .74 .09
Economics 43 48 50 39 52 46 38
071. SUNY at Binghamton 20 27 61 .14 7.0 .89 .15
Economics 47 45 48 44 52 60 43
072. SUNY at Stony Brook 18 21 83 .14 5.2 .95 .67
Economics 45 43 53 44 67 66 78
073. South Carolina, University of-Columbia 16 15 29 .12 8.8 .77 .12
Economics 43 41 41 42 38 49 40
074. Southern California, University of 26 26 66 .17 8.8 .70 .15
Economics 53 45 50 47 38 42 43
075. Southern Illinois University-Carbondale 13 21 19 .17 6.8 .72 .11
Economics 40 43 39 46 54 44 40
076. Southern Methodist University 13 25 30 .14 8.2 .67 .14
Economics 40 44 41 44 43 39 42
077. Stanford University 32 81 131 .23 7.6 .87 .29
Economics 59 65 64 52 47 59 52
078. Syracuse University 17 26 55 .18 6.7 .74 .37
Economics 44 45 47 47 55 46 58
079. Texas A & M University 24 52 58 .18 5.9 .77 .35
Economics 51 54 48 47 62 49 57
080. Texas, University of-Austin 29 24 84 .15 9.0 .75 .20
Economics 56 44 54 45 36 47 46
* indicates program was initiated since 1970.
NOTE: On the first line of data for every program, raw values for each measure are reported;
on the second line values are reported in standardized form, with mean = 50 and
standard deviation = 10. "NA" indicates that the value for a measure is not available.
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TABLE 4.1 Program Measures (Raw and Standardized Values) in Economics
University Research Published Survey Ratings
Prog Survey Results Library Support Articles Standard Error
No. (08) (09) (10) (11) (12) (13) (14) (17) (18) (08) (09) (10) (11)
061. 1.7 1.2 1.1 0.5 -0.9 .00 NA 19 .53 .11 .10 .08 .06
45 48 49 43 40 42 42 44
062. 2.0 1.2 1.1 0.6 0.7 .08 1751 80 .75 .09 .09 .07 .06
47 47 48 45 56 48 61 57 58
063. 4.3 2.2 1.4 1.8 0.7 .51 1578 136 .76 .07 .06 .07 .04
67 64 61 67 55 80 59 71 58
064. 2.1 1.3 1.1 0.8 0.1 .00 25 42 .57 .08 .07 .07 .06
48 50 49 49 49 42 41 47 46
065. 4.8 2.6 1.6 1.8 0.9 .20 733 138 .66 .04 .05 .06 .04
71 70 67 68 57 56 49 71 52
066. 2.5 1.6 0.8 0.9 -0.5 .05 3348 35 .48 .08 .07 .07 .07
51 54 37 50 44 45 79 46 40
067. 1.7 1.2 0.7 0.7 - 1.4 .00 NA 26 .58 .10 .09 .07 .07
45 47 36 46 35 42 43 47
068. 3.9 2.3 1.1 1.6 - 0.6 .20 NA 57 .53 .08 .06 .07 .06
64 65 49 64 43 56 51 44
069. 1.8 1.0 1.1 0.7 0.8 .00 800 70 .66 .09 .09 .09 .07
46 44 50 47 56 42 50 54 52
070. 1.1 0.8 1.2 0.4 - 1.0 .13 NA 31 .69 .11 .10 .11 .06
40 41 54 41 39 51 45 54
071. 1.6 1.0 1.0 0.6 NA .00 56 20 .55 .09 .10 .11 .05
44 44 46 44 42 41 42 45
072. 2.3 1.4 1.5 1.0 -0.6 .22 92 21 .61 .09 .08 .09 .06
50 50 63 52 42 58 41 42 49
073. 1.3 0.6 1.5 0.4 -0.4 .00 NA 19 .56 .10 .11 .10 .05
42 39 63 40 45 42 42 46
074. 2.7 1.4 1.8 1.1 0.4 .15 137 75 .65 .08 .08 .05 .06
54 51 76 54 52 53 42 56 52
075. 0.6 0.3 0.9 0.3 -0.2 .00 96 13 .46 .10 .09 .12 .05
35 34 43 39 47 42 41 40 39
076. 1.9 1.1 1.1 0.7 NA .00 NA 34 .77 .11 .10 .12 .06
46 47 50 46 42 45 59
077. 4.8 2.6 1.6 1.8 2.0 .28 1011 121 .94 .04 .05' .06 .04
72 70 69 68 68 62 52 67 70
078. 1.8 1.3 1.1 0.7 -0.3 .06 171 17 .59 .13 .11 .08 .07
45 49 49 46 45 46 42 41 47
079. 2.5 1.5 1.3 1.0 -0.5 .17 1361 58 .75 .09 .08 .08 .06
52 53 56 52 44 54 56 51 58
080. 2.2 1.2 1.1 0.9 1.6 .17 760 62 .62 .08 .08 .07 .06
49 48 48 50 64 54 49 52 50
NOTE: On the f irst line of data for every program, raw values for each measure are reported;
on the second line values are reported in standardized form, with mean = 50 and
standard deviation = 10. "NA" indicates that the value for a measure is not available.
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62
TABLE 4.1 Program Measures (Raw and Standardized Values) in Economics
Character istics of
Prog Prouram Size Prouram Graduates
No. University -. Department/Academic Unit (01) (02) (03) (04) (05) (06) (07)
081. Tulane University 11 14 16 .47 5.2 .94 .59
Economics 37 40 38 74 67 65 73
082. Utah, University of-Salt Lake City 21 23 60 .10 6.8 .70 .20
Economics 48 44 48 40 54 42 46
083. Vanderbilt University 23 39 49 .22 7.6 .75 .11
Economics and Business Administration 50 49 46 51 48 47 40
084. Virginia Polytechnic Institute & State Univ 15 46 50 .16 5.7 .79 .35
Economics 42 52 46 46 63 51 56
085. Virginia, University of 30 34 60 .42 7.5 .93 .40
Economics 57 48 48 69 48 64 60
086. Washington State University-Pullman 19 21 37 .26 8.5 .91 .39
Economics 46 43 43 55 40 63 59
087. Washington University-Saint Louis 20 46 53 .44 7.4 .87 .31
Economics 47 52 47 70 49 58 54
088. Washington, University of-Seattle 30 31 57 .29 7.3 .79 .32
Economics 57 47 48 57 50 51 54
089. Wayne State University 21 23 25 .25 7.8 .60 .08
Economics 48 44 40 54 45 33 38
090. West Virginia University 24 18 72 .15 7.3 .85 .15
Business and Economics 51 42 51 45 50 5 7 43
091. Wisconsin, University of-Madison 45 126 172 .41 6.1 .86 .35
Economics 72 81 73 68 60 58 56
092. Wisconsin, University of-Milwaukee 17 13 24 .08 8.3 .64 .14
Economics 44 40 40 3 8 42 3 7 42
093. Yale University 51 99 147 .21 6.2 .90 .41
Economics 78 71 68 50 59 62 60
* indicates program was initiated since 1970.
NOTE: On the f irst line of data for every program, raw values for each measure are reported;
on the second line values are reported in standardized form, with mean = 50 and
standard deviation = 10. "NA" indicates that the value for a measure is not available.
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TABLE 4.1 Program Measures (Raw and
Prog
No. (08)
081. 1.8
45
082. 1.4
42
083. 2.4
51
084. 2.9
55
085. 3.0
56
086. 1.0
39
087. 2.7
53
088. 2.9
55
089. 1.8
46
090. 1.1
39
091. 4.1
65
092. 1.4
43
093. 4.7
71
Survey Results
I) (09) (10)
1.0 1.3
45 58
0.8 1.2
42 51
1.4 1.0
51 45
1.6 1.3
55 55
1.7 1.4
56 59
0.6 1.3
38 58
1.6 1.0
54 44
1.8 1.3
57 56
1.1 1.1
47 49
0.7 1.0
41 47
2.3
66
0.8
41
2.5
68
1.5
63
1.2
53
0.9
43
University
Library
(11) (12)
0.8 -1 .0
48 39
0.4 -0.6
40 43
0.9 -0.7
51 42
1.4 -0.0
59 48
1.2 0.7
57 56
0.3
38
1.1
55
1.2
56
0.8
49
0.4
40
1.8
67
0.6
44
1.8
69
—0.3
46
—0.4
45
1.5
63
—0.4
45
NA
1.6
64
NA
2.1
69
63
' Standardized Values) in Economics
Research
SuPPOr t
(13) (14)
·09 NA
48
.00
42
.04
45
.47
76
.17
54
NA
NA
829
50
263
43
.11
49
.10
49
.10 248
49 43
.00 190
42 43
.04 714
45 49
51
41
NA
.36 3388
68 80
.06 32
46 41
.33 1245
66 55
26
43
34
45
78
56
27
44
30
44
.53
43
.70
55
.73
57
.48
40
.33
31
142 .80
72 61
32 .59
45 47
145 .65
73 51
Published Survey Ratings
Articles Standard Error
(17) (18) (08) (09) (10)
21 .82 .11 .10
42 63
20 .43 .11 .09
42 37
58 .74
51 57
69 .73
54 57
83 .53
58 44
(11)
.11 .07
.09 .05
.09 .08 .08 .06
.09 .08 .08 .06
.08 .06 .08 .06
.15 .13
.07 .07
.16 .05
.06 .06
.08 .07 .07 .06
.0 8 .06
tog .10
.11 .13 .09 .05
.05 .06 .07 .04
.10 .09 .08 .05
.0 5 .06 .06 .04
NOTE: On the f irst line of data for every program, raw values for each measure are reported;
on the second line values are reported in standardized form, with mean = 50 and
standard deviation = 10. "NA" indicates that the value for a measure is not available.
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TABLE 4.2 Summary Statistics Describing Each Program Measure--Economics
Number
of
Programs Standard D E C I L E S
Measure Evaluated Mean Deviation 1 2 3 4 5 6 7 8 9
Program Size
01 Raw Value 93 23 10 13 16 17 19 21 23 26 29 39
Std Value 93 SO 10 40 43 44 46 48 50 53 56 66
02 Raw Value 93 41 28 16 21 23 27 30 35 45 53 80
Std Value 93 50 10 41 43 44 45 46 48 52 54 64
03 Raw Value 93 68 45 23 33 42 50 57 61 70 96 134
Std Value 93 50 10 40 42 44 46 48 48 50 56 65
Program Graduates
04 Raw Value 91 .21 .11 .08 .12 .14 .16 .18 .21 .25 .28 .37
Std Value 91 50 10 38 42 44 45 47 50 54 56 65
05 Raw Value 91 7.3 1.2 9.1 8.5 7.8 7.3 7.0 6.9 6.6 6.3 5.8
Std Value 91 50 10 35 40 46 50 52 53 56 58 62
06 Raw Value 91 .78 .11 .62 .70 .73 .76 .79 .82 .84 .87 .91
Std Value 91 50 10 35 43 45 48 51 54 55 58 62
07 Raw Value 91 .26 .15 .08 .12 .17 .20 .23 .28 .34 .38 .42
Std Value 91 50 10 38 41 44 46 48 51 55 58 61
Survey Results
08 Raw Value 93 2.3 1.2 1.0 1.3 1.4 1.8 2.1 2.4 2.8 3.2 4.1
Std Value 93 50 10 39 42 42 46 48 51 54 58 65
09 Raw Value 93 1.3 .6 .6 .7 .9 1.1 1.2 1.4 1.6 1.9 2.3
Std Value 93 50 10 38 40 43 46 48 51 54 59 65
10 Raw Value 91 1.1 .3 .8 .9 1.0 1.0 1.1 1.1 1.2 1.4 1.5
Std Value 91 50 10 38 42 46 46 49 49 53 60 64
11 Raw Value 93 .9 .5 .3 .4 .5 .6 .8 .9 1.1 1.4 1.7
Std Value 93 50 10 39 41 43 45 48 50 54 60 66
University Library
12 Raw Value 75 .1 1.0 -1.1 -.6 -.5 -.4 -.1 .3 .7 .9 1.7
Std Value 75 50 10 38 43 44 45 48 52 55 57 65
Research Support
13 Raw Value 91 .11 .13 .00 .00 .00 .04 .06 .10 .15 .21 .29
Std Value 91 50 10 42 42 42 45 46 49 53 58 64
14 Raw Value 69 832 863 51 106 187 301 452 776 1063 1404 1800
Std Value 69 50 10 41 42 43 44 46 49 53 57 61
Publication Records
17 Raw Value 93 52 40 13 20 26 31 35 54 65 78 112
Std Value 93 50 10 40 42 43 45 46 50 53 56 65
18 Raw Value 91 .63 .15 .42 .50 .55 .59 .65 .69 .71 .75 .80
Std Value 91 50 10 36 41 45 47 51 54 55 58 61
NOTE: Standardized values reported in the preceding table have been computed from exact values
of the mean and standard deviation and not the rounded values reported here.
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65
TABLE 4.3 Intercorrelations Among Program Measures on 93 Programs in Economics
Measure
01 02 03 04 05 06 07 08 09 10 11 12 13 14 17 18
Program Size
01 .61 .53 .20 .17 .30 .23 .61 .58 .32 .55 .61 .39 .49 .79 .22
02 .63 .36 .29 .32 .33 .75 .74 .00 .71 .57 .54 .52 .76 .37
03 .05 -.06 .09 .07 .56 .50 .17 .59 .62 .38 .45 .47 .16
Program Graduates
04 .33 .43 .52 .42 .46 .03 .40 .15 .45 .11 .32 .21
05 .35 .62 .36 .42 .01 .35 .06 .39 .25 .32 .47
06 .59 .31 .34 -.03 .25 .38 .35 .18 .33 .24
07 .48 .53 -.01 .44 .25 .54 .27 .38 .34
Survey Results
08 .98 .35 .97 .67 .76 .44 .78 .47
09 .30 .93 .60 .76 .44 .75 .47
10 .36 .21 .31 -.05 .26 .12
11 .63 .78 .38 .72 .45
University Library
12 .45 .41 .67 .41
Research Support
13
14
Publication Records
17
18
.29 .60 .45
.54 .31
.54
NOTE: Since in computing correlation coefficients program data must be available for both of the measures
being correlated, the actual number of programs on which each coefficient is based varies.
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66
5.0++ *
+ *
+ * * *
+
+
+ *
+ *
+ *
+ * * * *
4. 0++
+ *
+
+
+
+ * *
+ * *
Measure +
3.0++ * * *
08 +
+ *
+
+ * *
+ * * *
+ * ** *
+ * * *
+ *
2.0++ * *
+
+
*
* * *
* * * *
* * *
* *
* *
* * * *
* * *
*
+ * * *
1.0++ * * * * r = .62
+ *
+ *
+ * *
.
* * *
*
*
O +/+++++++++++++/+++++++++++++/+++++++++++++/+++++++++++++/++++++++++ ~ ++/+++++++++++++/+++++++++++++/
1 4 9 16 25 36 49 64
Measure 01 (square root scale)
FIGURE 4.1 Mean rating of scholarly quality of faculty (measure 08) versus number of faculty members
(measure 01)--93 programs in economics.
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67
3 . 0++
+
+
+
2.0++
Measure +
09 +
1. 0++
+
*
*
*
* *
* ** *
* * * **
* *** *
* *
* **
*
*
* * * * *** *
* *
* **
* *
* *
* *
* **
*
* *
* *
*
* **
* * *
*
*
* *
* *
* * *
*
*
*
* *
*
*
r ~ .74
+ * * *
+
+
O. O +/++++++++/++++++++/++++++++/++++++++/++++++++/++++++++/++++++++/++++++++/++++++++/++++++++/++++++++/
1 4 9 16 25 36 49 64 81 100 121 144
Measure 02 (square root scale)
FIGURE 4.2 Mean rating of program effectiveness in educating research scholars/scientists (measure 09)
versus number of graduates in last f ive years (measure 02) --93 programs in economics.
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68
TABLE 4.4 Characteristics of Survey Participants in Economics
Respondents
N %
Field of Specialization
Econometrics 17 9
Economics 155 84
Other/Unknown 13 7
Faculty Rank
Professor 101 55
Associate Professor 52 28
Assistant Professor 32 17
Year of Highest Degree
Pre-1950 7 4
1950-59 27 15
1960-69 68 37
Post-1969 82 44
Unknown 1 1
Evaluator Selection
Nominated by Institution 167 90
Other 18 10
Survey Form
With Faculty Names 169 91
Without Names 16 9
Total Evaluators 185 100
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69
x
x
x
x
x
~ ——X——
x
~ ——X——
_______y _____ __
3.0 2.0 1.0
Mean Survey Rating (measure 08)
FIGURE 4.3 Mean rating of scholarly quality of faculty in 93 programs in economics.
NOTE: Programs are listed in sequence of mean rating, with the highest-rated program appearing at the
top of the page. The broken lines (---) indicate a confidence interval of +1.5 standard errors
around the reported mean (x) of each program.
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Representative terms from entire chapter:
std value
