What Proportion Can I Fail?
Do you think students who have completed a finance course should be able to calculate (or, worse, identify in a multiple-choice question) the effective annual interest rate on their credit card account, given the monthly rate? Me, too.
Do you think students who have completed a finance course should know what is meant by "double taxation"? Me, too.
Do you think students who have completed a finance course should know that when the opportunity cost of investing in financial capital goes down, the prices on other assets will be bid up? Me, too.
Do you think a prof whose students cannot do the above should be fired? Me, too.
And those were the gimme questions on the exam, designed to keep the class average from slipping too far.
I would feel like a horrible failure if I thought the students had done much work for the course. Nevertheless, I still feel like a failure.
Do you think students who have completed a finance course should know what is meant by "double taxation"? Me, too.
Do you think students who have completed a finance course should know that when the opportunity cost of investing in financial capital goes down, the prices on other assets will be bid up? Me, too.
Do you think a prof whose students cannot do the above should be fired? Me, too.
And those were the gimme questions on the exam, designed to keep the class average from slipping too far.
I would feel like a horrible failure if I thought the students had done much work for the course. Nevertheless, I still feel like a failure.
Category: Economics, Education Posted on
Saturday, December 8, 2007 at 6:33am
<< main
>> "Do you think students who have completed a finance course should know that when the opportunity cost of investing in financial capital goes down, the prices on other assets will be bid up?"
Do you mean to say that when the returns to financial capital are low, people will invest in other asset and, caeteris paribus, accepting higher prices/lower returns?
So for your class... free to choose, free to lose, right?