Enhancing Learning Outcomes in Econometrics: A 12-Year Study

Abstract

This paper presents the findings of 12 years of data from studying the teaching of econometrics. The first course on the topic of econometrics has always been a challenging course for both students and instructors. Students come from different quantitative backgrounds, and mostly with the prejudice that this is one of the most challenging courses in their academic career. We showed that using Classroom Response Systems (CRSs) such as polls closes the achievement gap between students from higher and lower quantitative levels. Besides students’ performance, we also investigated instructor performance through teaching and course evaluations utilizing data from 38 classes over the course of 12 years. We showed that the instructor performance is higher under the in-class modality compared to the online modality and showed that this gap in performance between the two modalities widens as students’ grades improve; a positive association between grades and instructor performance under the in-class modality exists; however, the association is negative under the online modality.

Keywords

• teaching econometrics
• teaching pedagogy