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TOWARDS A MARKET ORIENTED APPROACH: EMPLOYER REQUIREMENTS AND IMPLICATIONS FOR UNDERGRADUATE ECONOMICS PROGRAMS
Author(s) -
Hellier Phillip,
Keneley Monica,
Carr Rodney,
Lynch Barbara
Publication year - 2004
Publication title -
economic papers: a journal of applied economics and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.245
H-Index - 19
eISSN - 1759-3441
pISSN - 0812-0439
DOI - 10.1111/j.1759-3441.2004.tb00367.x
Subject(s) - value (mathematics) , point (geometry) , economics , economics education , focus (optics) , positive economics , public economics , higher education , economic growth , computer science , mathematics , physics , geometry , machine learning , optics
The decline in enrolments in economics degrees and majors has been the focus of much concern in recent times. In 2001, two of the current researchers published a paper outlining a framework with which future investigation into the issue could be conducted (Keneley and Hellier 2001). Essentially this paper argued that a market orientated approach, which takes into account the value students and employers place on economics studies may point the way to a solution to the problem. As a first step in developing such an approach it is necessary to determine what employers require of the economics graduates they hire. With the support of the Economics Society of Australia such a survey was conducted in 2002. This paper presents the results of this survey and discusses some of the ramifications for the teaching of undergraduate economics.