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What Do College Seniors Know About Economics?, William Walstad, Sam Allgood

College of Business: Faculty Publications

If college seniors who have taken an economics course were asked questions that test their knowledge of basic economics, what would the results show? Would seniors give correct answers to most questions, or would they show significant deficiencies? Students are exposed to many ideas during their undergraduate education, so one would not expect them to retain all of the economic content they were taught, but one would hope that they would retain at least a knowledge of basic economics. This study investigates whether that is the case.

Two data sources were used for the study. The first was from a …