Principles for a Successful Undergraduate Economics Honors Program

Abstract

An honors program fits the current passion for active, in-depth learning and “capstone experiences.” Principles that guide a successful undergraduate economics honors program include simplicity, accessibility, skill development, risk minimization, and incentives to combat procrastination. The model program specifies three of the usual six electives and requires a senior thesis that makes an original contribution to economics understanding. It can be started as late as the middle of the junior year, providing accessibility and limiting student risk. A required econometrics course and a policy seminar prepare students to write a thesis. A series of short-term deadlines helps combat procrastination. Although an honors program is not for everyone, its emphasis on quality rather than quantity can add a valuable dimension to most economics degree programs.

Key Words:

• capstone experience
• honors thesis
• undergraduate honors program

Additional information

Notes on contributors

John J. Siegfried

John J. Siegfried is a professor of economics at Vanderbilt University (e-mail: [email protected]) and an adjunct professor of economics at the University of Adelaide, South Australia.