Oes more calculus improve student learning in intermediate micro and macroeconomic theory?

Note: I ll send the article and the data as an attachment.
Choosing and Doing Your Research Project
Economics 499  Senior Seminar for Economics Majors
What is a replicable paper?
The core of your semester project is to replicate and possibly extend a published empirical research paper
from the Economics literature. The key to a successful project is finding a good article to replicate. I
encourage you to find a published research paper that evaluates the impact of some government program
or policy. Most EC 499 students in the past have found interesting and feasible papers to work on  see
the  Suggestions for papers to replicate below  but it takes effort. You should plan to skim 10 to 20
papers and really read at least 3 or 4 before you find something that will work for you.
The article you replicate should have been published in a professional economics journal. Sometimes a
paper in a reputable working paper series (like the NBER s) will work as well. The article should satisfy the
following four criteria:
” It must address a question that interests you.
” Is must be empirical  that is, it should use data and apply econometric techniques to the data.
” It should not be overly technical; that is, it should take a relatively simple econometric approach
that you can understand and replicate. You will be able to tell if an article is highly technical,
although sometimes an article looks more technical than it really is (see below).
” It must use data that are publicly available (for example, the Current Population Survey, the Panel
Study of Income Dynamics, or the National Longitudinal Surveys), available from the author (often
the first footnote will tell you whether the author can or will make the data available to you), or
readily downloadable from the web.
The work presented in your project does not need to be wholly original. After all, you are replicating (and
possibly extending) someone else s work. The project must represent your own work and must add
something to our understanding of an issue. But few ideas are truly new, and following the example of an
earlier and more experienced researcher is a great way to learn. I am not trying to discourage originality. I
just want you to be realistic in your goals and see that the research project is doable and a useful learning
Finding a paper topic
Here are two possible ways to find a good paper to replicate.
1. The Gumshoe Approach
” Decide on two of three questions/topics that interest you. Write them down.
” Go to the Main Library (yes, the library; do NOT get online), and find one or more of the following
journals: Quarterly Journal of Economics, American Economic Review, Journal of Labor
Economics, Applied Economics Letters, etc.
” Look through 2 or 3 years of a journal for an article that both interests you and appears doable. If
you don t see anything in the first journal you pick up, try a second journal. A doable article is one
that satisfies four criteria listed above.
” Either copy the article or make a note of where you found it so you can download it later.
2. The Point-and-Click Approach
” Look at the section on  Suggestions for papers to replicate below. The papers in that list come
from a variety of economics journals and working paper series.
” Find one or two that interest you, then check other papers in the same journals or working paper
series, using a search engine like Google Scholar or Econlit. Google Scholar is an excellent
search engine for finding research papers on a particular topic.
” You can find many of the journals at JSTOR (
You can then scan several articles and really read two or three to get ideas on how to proceed.
Note on highly technical articles
Even a highly technical article may be a good article to base your paper on. It could be interesting to see
what happens when you use the same (or similar) data and a simple estimating technique like OLS, rather
than the fancy technique in the article. Also, some articles will have a highly mathematical theory section,
but a rather straightforward empirical section, which would be fine for your purposes. If you have questions
about these issues, see me or bring the article to our meeting during the week of January 30 so I can look
at it.
Obtaining Data
Increasingly, the data used in published articles are available online. For example, Journal of Applied
Econometrics, Journal of Money, Credit, and Banking, and the Federal Reserve Bank of St. Louis all
maintain online data archives that allow you to replicate the results of specific articles. Some journals
require authors to make data available on request as a condition of publication (for example, Journal
Human Resources). In fact, you can often obtain the data from a published article by asking the author
Some of you will want (or need) to construct your own data set from scratch. For example, you may want to
update or add to the data used by an author; you may want to use a different source of data to examine
whether the findings of a study hold up using a different data source; or the author of the paper you want
to replicate may not make his or her data available. If you are using micro data (that is, data on individual
people or households), you can often download the data you need from a public website. For example,
check out the following sites:
” Current Population Survey: <. (The extracts produced by RAND < (At the census website, you can download Excel spreadsheets that have data you can use, or you can download the entire print version of the Statistical Abstract as pdf files. " The City and County Data Book <midata.msu.edu>
In the end, obtaining the data for your project is your responsibility. You need to look
into data sources before you write the first draft and make sure you will be able to get the data you need.
tell me what government program or policy you will examine,
describe the question you plan to address in your statistical analysis, and summarize the methods and
results of the paper you have chosen to replicate. It must include the following sections (yes, you should
use section headers see the style sheet posted on ANGEL):
(1) An introduction stating the question you intend to address, discussing why the question is
important, and giving a citation to the articles you intend to replicate. Be sure to answer
the following questions:
” What question are you trying to answer?
” What article have you found that will help you answer it? (Give a full citation of the article you
will replicate.)
(2) A discussion of the model, data, and main findings of the paper you plan to replicate.
Be sure to write down the model you intend to estimate as an equation. That will help you focus
your discussion, which should answer the following questions:
” What is the dependent variable?
” What are the key independent variables?
” What are the relationships you want to investigate?
” Where will you find the data to address your question?
The first draft (and all subsequent drafts) will be evaluated on the basis of both content and writin