Friday, December 20, 2013

The Capture Theory In Action

It's also fair to say that the burden of evidence the courts require makes it difficult for a regulator to meet the standard.  So for the public, it is hard to tell whether capture has happened or not.

Thursday, December 12, 2013

Grades in Moodle have been updated

Here's the new stuff

Excel Homework

10 points for Excel HW #7 if that was submitted.   Then I added a column called Excel Bonus.  It has 30 points.  Every student got that.  The original plan was 10 homework assignments.  There were 100 points allocated to this in the syllabus.  So it was a way to bring that into balance.

Blog Posts

I tracked submissions for blog posts 9 and 10.  I also put in scores and comments for Blog posts second half.  The maximum possible score was 125.  I was pretty generous assigning points here, in my humble opinion.

Running Total

I added a column at the end to say how many cumulative points you've achieved to date.  The maximum possible, counting the 50 point bonus that everyone got, is 700.

What is not there

I didn't assign points yet for the comments you did.  There is a 50 point maximum on that.  I will assign those at the same time I grade the final.  Truthfully, this gives me a bit more of a fudge factor, based on the performance I see on the final exam.  This is worth 300 points at the max, so there are still 350 points to allocate.  Some incentive in the course is rear-loaded, by design.

Good luck with your other exams.

Tuesday, December 10, 2013

What I left out today

I rehearsed (in my head) for this class session quite a bit but as you could see when I had the senior moment before I could come up with "case studies," my mind wasn't fully there today.  So here are some things I had intended to say but didn't.

Developing a sense of taste - what is a good answer?

I only came up with using the Gift Exchange approach to organize the first half of today's session after flailing for two days with other approaches - each of which ended in me scolding you for not taking more responsibility for your own learning.  The problem is, scolding doesn't work.  It ends up more as venting than as effective communication.

Needing to have this sense of taste for a good answer is part of the take away I'd like you to have.  If you develop that feel for a good answer, then the next take away is to develop the habit of letting the sense of taste drive you in your learning and not stopping your inquiry prematurely, before you have an answer that pleases you.

Attendance

Since attendance was not required, those who were regulars gave a gift by being there.  That to me is less interesting than understanding your behavior about attending classes more broadly.  Are there some of you who regularly attend some classes but not others?  Or is your attendance pattern pretty similar across the classes you take?  I have no sense of this now and would welcome feedback on the matter.

Other possible means for gift exchange in class

One thing I think obvious for a course like ours is to tie course matter to things that are happening out in the real world that are related to what we are studying.  This is one reason why I have the Econ in the News and Misc. Tags.  If there were gift exchange on this, some of you might have commented on these posts.  My sense is that there was very little such commenting and I suspect most of these posts were ignored by the majority of the class.

In particular, given my emphasis on Gift Exchange, you might enjoy this piece, which links to a NY Times Magazine piece about Adam Grant, a Professor at Wharton.  The Times magazine article is called: Is Giving the Secret to Getting Ahead?  Sounds pretty relevant to me.

Math via discovery rather than lecture

I don't know if this would interest anyone, but I had thought to offer, for anyone who is interested, to release the Excel workbooks without having the sheets locked - after the due date, so for those interested they can see how the graphs are generated, how the questions get evaluated, etc.  In other words, a complete look under the hood.  Those who want to delve deeper into the models might learn more this way than through traditional means.  This is another one where I'd appreciate feedback, if you have any to give.

Total time spent on the class

I don't know whether this is common knowledge with you or not, but the seat-time model (how many hours per week a class meets) has an implicit model on out of class time - two hours out of class for every hour in class, that most faculty subscribe to.  Thus, overall, our class demands 9 hours per week.  That should be interpreted as an average over the semester, not an exact number each week.  Nonetheless, the research I'm aware on this nationally, evidence from the National Survey of Student Engagement, says that at most universities the ratio is more like one hour out of class for every in class hour, or even lower.  In other words, students have different expectations on the effort front than what faculty have.  Consequently, many faculty, and I'm in this category, think that most students don't put in enough time in their studies.   The system may have evolved in an unhealthy way, to accommodate the student expectation.   It makes students happy near term but produces less learning long term.  

Learning outside the course setting with friends or at work.  

We did a tiny bit of benchmarking with other courses today, but we didn't do any whatsoever about learning informally with your friends via experiences (going to hear live music, for example) or discussion that happens with some regularity (say about those experiences or about national politics or on any other topic that interests you).  Likewise we didn't discuss today any learning that may arise at a part time job you have, though that has been the subject of one or two blog posts this semester.

Because I had a lot of this informal learning as an undergrad, particularly in my junior and senior years at Cornell, I'd be quite happy regarding the total time issue in the previous bullet, if class time was less than the faculty norm because learning outside the course setting was happening with substantial frequency.

Having fun can be quite educational.  Alternatively it can be pure time dissipation with little to no learning happening (think of playing hearts or some other card game to the wee hours of the morning).  So what is of interest is the total picture, including all the learning activities and then consider our course within that.  This would speak as to whether requirements should be raised, lowered, or left where they are.

Thank you

It has been an interesting semester for me.   Unlike last year, I have enough energy this time to write a post like this after the class session.  I appreciate your indulgence in letting me discuss these extra matters.

The Final Exam is in our regular classroom

There is a different room posted, but that is for extra space only.

The Marx Brothers on Contract Negotiation

A partial list of non-economics works that informed the design of our course