Student fury over 'impossible' economics exam
bbc.co.uk
bbc.co.uk
That question they have a picture of looks like something I could attempt an answer to - and I've never studied economics.
1. The actual advice I remember from my dear old mum was "keep the heid".
My thought as well. If we assume that they have been introduced to 'coordination cost', it should be easy to answer. Non of the three sub-questions are even about calculating, they are about discussing the concepts of a very simple model.
Not so fast, or you might lose 10 points. ;-) Note that the coordination cost is given per-capita, and it is proportional to N^2. If the per-capita cost was O(N^a) for a < 1, the total cost would still be N*N^a = N^(1+a) which increases with N.
If the (per-capita) coordination cost were proportional to N, that would indicate that (e.g.) to do something, you have to contend with "N" other people (everyone else in the population), which makes sense.
The total coordination cost would be: (N people) X (per-capita cost of N) = N^2, which is familiar from various kind of networks, e.g., distributed computations in which total communication costs can rise like N^2 (where N is the number of processors).
But if the per-capita cost is proportional to N^a for some a > 1, that's even stronger. I'm not sure how you justify that. I'm sure you can, I'm just not sure how the course did it.
Maybe you say that you have to coordinate with all N other people, as well as all pairs of the N other people. The number of pairs of other people is proportional to N^2, giving you a per-capita coordination cost proportional to N^2.
But that might be less obvious to an econ student who's never studied complexity theory.
The claim in the exam is that the total coordination cost is above quadratic, i.e. proportional to N^b for some "b" strictly larger than 2. (Because per-capita cost is proportional to N^a for some "a" strictly larger than 1.)
This is not what is typically assumed in complexity theory.
This question does seem more mathy than economicsy, though, in that it looks like a math major could probably do very nearly as well at it as an econ major, if not better.
Maybe student expectations could have been managed better but I wouldn't think you'd have to explain to economics students preparing to graduate that they should expect to utilize basic calculus during an exam.
Throughout my entire academic career exams have worked this way, so regardless of whether they ought to know it for The Real World, if they haven't been taught it then it shouldn't have been on the exam.
Done correctly, that's a completely fair exam. I'm sort of inclined to think that if there's this much smoke, something's probably on fire though. I know my own students will complain about silly things, but if they all complain about something, invariably I end up agreeing with them.
I remember a particular instance in Geometry in high school. Everyone did poorly, so the teacher allowed us to work together to answer the questions again. My group was stuck on a particular question, so I asked the teacher to clarify. She refused, saying we were taught it. I retorted that since everyone was struggling, clearly the problem was on the other side of the desk. (It went over about as well as you might expect.)
I get the feeling that people now expect questions to be of the form "apply technique X to data A,B,C" which is what I used to expect of secondary school level exams.
As well as students taking a BSc in economics, the paper was sat by students taking a joint BA honours with other subjects, such as politics.
The head of the economics department, Prof Andy Dickerson, said not all the questions were mathematically based.
"Those that had mathematical content were set at a level consistent with the maths taught to all economics students, including those on dual degrees."
Nothing controversial here except for a bunch of whiny students who should know better given that it is their final year.
Or more precisely, you can't lecture on facts and then test application. Learning HOW to think is as important as WHAT to think. (If the course content is centered around deriving new conclusions, then by all means, test that ability.)
If it's only a 3-4 page exam, with only 3-5 questions in total, they should probably have been read through and attempted by a couple of lecturers beforehand.
What made it even worse was that I am at a Welsh university, so announcements have to be made both in English and in Welsh. Disrupting anybody doing a different exam and causing hassle for the students taking the incorrect one.
Going against the grain here I can understand the student's frustration when tests are implemented to establish a metric that is ultimately attached to a record of sorts and in some cases can affect the psyche of the student.
My example that is somewhat related was during a "Web Programming" course we were taught basic things like DHTML, CSS, JavaScript etc. All culminating in a final project of a personal website, nothing to difficult there.However due to the nature of online courses I had to take a test at a proctored location with a computer. One week prior to the exam being sent out instructor notified us that "Administration has mandated this to be a written test." This really threw my game off. I'm not sure any developers have ever tried "writing" a full webpage including CSS and Error checks for form fields on a sheet of paper but it definitely affected my performance on the test. During the class we it was in now way imparted upon us that writing code with a pencil would be our final artifact of having learned something in the course.
As much as I and many people I have met attribute intelligence to critical and problem solving skills. The reality of "normal" institutional teaching emphasizes the ability to take tests and remember data only dumping and moving on to another subject to repeat the process. The over arching theme, in my experiences, is that remembering and regurgitating topics in the course was/is the most rewarded endeavor. For some it is very difficult to escape this conditioning of remembering and studying material in order to get the right answers on a test with critical and problem skills existing only as a side effect of "learning".
This is like sitting in a driver's ed. classroom for a few weeks, and then putting you in your car for the actual test with no practice in the middle.
It frankly was never that big of a deal. Professors would generally curve the test and life would go on.
Certainly this doesn't merit a BBC story. If everyone bombed the test, then the professor should obviously consider giving it a healthy curve.
3.a. Specialization and trade. An exponent less than one would imply that a system with more elements has a lesser coordination complexity than each element acting independently. Such would only be possible if humans became telepathic when forced into close proximity.
3.b. Consumption per person would be equal to the usable output of each person, minus overhead losses, minus stockpiling and savings. Assuming the latter to be zero, consumption is x = sigma N^0.5 - gamma N^2. To find minima and maxima, we take the first derivative with respect to N, and find where it is zero. 0.5 sigma N^-0.5 - 2 gamma N = 0. The non-imaginary solution is N=(sigma/4 gamma)^(2/3).
3.c. Plug N=2 into the above equation. To support cities of that size, gamma must be less than 9% of sigma. Sigma may be increased by gains in productivity, such as with specialization. Gamma may be reduced by lowering coordination burdens, such as by using money instead of barter, or employing merchant specialists. Changes in gamma have a greater effect on city size, so given the equal-cost choice between a universal education mandate and a guaranteed uniform currency standard, the latter is preferable, if larger cities are desired.
If student economists cannot think their way through that problem, we may assume that they will have a detrimental future effect upon both sigma and gamma, and we should therefore kill them now before they cause our cities to collapse. Judging by Detroit, we may already be too late.
In fact, even though I'm suppose to be slaving over getting onDisconnect to clean up correctly in Emberfire for my boss before the afternoon whipping, I can't help but have fun solving this problem:
1. the gamma (coordination) term is NN because people all have their own opinions and agendas which they have to tell everyone else. In other words, if there are 3 people, person A must tell his idea to person B and person C, person B must tell his to Person A and C, etc., and in total there are 9 "tellings" (aka meetings).
2. The graph of production-v-person and cost-v-person, if plotted onto the same paper, would look like the lower case letter gamma tilted 45 degrees to the right. The most-bang-for-your-buck optimal city size would be were ( g N * N - a * sqrt N ) is largest. If I knew calculus and can do derivatives, I can get N = ( a / 4g ) ^ 2/3 as the answer.
3. A peasant city is one where (a / 4g) <= 1, that is, where talking to other people is really really hard but doing things is really easy (lol just like at my work, where we're all peasants and we slave for months only to have our projects cancelled and the blamed placed on us). "a" and "g" can change with technological improvements, for example, "g" can go up when the society discovers email, the telephone, writing, etc., and it can go down when the society discover facebook of 4chan (and then we all spend our time being holier-than-thou, insulting each others' tastes, and disparaging each others' waifus). "a" can go up with the development of productivity tools; an example of this in the javascript world where I hail from is when jashkenas discovering coffeescript, wycats + tom dale inventing ember, etc. "a" can go down when you get a legal department who insists you can't use X, can't contribute to Y, and I must watch my language F.
Also, gamma has a loop in it and the function we're dealing with is a surjection, so its graph can't have a loop.
Regarding per-capita consumption and total consumption, if you have per-capita consumption, and you have N the total number of people, you can multiple per-capita consumption with the total number of people to get total consumption. If per-capita consumption varies with the number of people, then a bit of calculus is needed as you "integrate" per-capita consumption with respect to number of people to find "the area under the curve" which is your total consumption. But if the students have not yet learned calculus, I can see how it could be unfair to have them derive calculus during the test.
I think these students are just upset that they did not receive a "canned" exam, with memorization questions.
And then there is this question in the article - if you are studying economy you really can't answer a calculus question?
But what I found surprising from this story was that these kids are in their final year and their expectations are completely out of alignment with what the University required in the exam. It makes me wonder if the earlier years were extra easy? or this last year extra hard? And why aren't they prepared to think by the time they get to their final year?
The model doesn't make much sense to me. Why would the per person coordination cost be quadratic. You'd expect something maybe linear.
In a group of N people, there are N x (N-1) potential direct 1-to-1 interactions, and (N-1) x (N-2) interactions with one predetermined intermediary. Those are both N^2 terms. Per capita, it would be an N^1 term. At the human scale of around 150 personal relationships, everybody knows everybody, so the burden for anyone is knowing everyone else.
Beyond that size, you need at least one intermediary. There are N x (N-1) x (N-2) interactions between two people with an unspecified intermediary. That is an N^3 term, so N^2 per capita. The burden there is knowing at least one person that knows the person you want to deal with. At another critical size, again dependent on human social limits, you can no longer effectively use friend-of-a-friend connections.
Then you create sociological systems to take the place of personal intermediaries. These tend to scale relatively proportionally with the size of the population. A road system for a town with twice the population will be about twice as big. Miles of road per person will be similar near the median town size. The same goes for cops per person and sewer pipes per person and cash available for withdrawal from bank branches per person, and so on. For simplicity, we can just assume that all the systems of civil society scale according to N. So now all trades with two counterparties have complexity N x N x (N-1), which is again an N^3 term with an N^2 per-capita component. But the scale of the system is not necessarily N^1. We just know it's a positive number. So the per-capita coordination burden is more rightfully N^(1+something).
That "something" can be found by performing a statistical analysis of city budgets by city population. That seems like a task for someone more interested in the topic than I am.
Introduction of fees means that some students see an education as a product that they're buying, with that kind of "customer service" expectation tacked on.
Education is always news-worthy in England because politics.
We often see articles about exams (at all levels) going wrong - bad questions; cheating schools; bad marking; etc.
Are these the course being discussed?
https://www.sheffield.ac.uk/economics/undergraduate/degrees/...
> The BSc Economics course places particular emphasis on the mathematical and statistical techniques used in economic analysis. It's suitable for students with A Level Maths or equivalent. In each year you take modules to the value of 120 credits.
http://www.sheffield.ac.uk/economics/undergraduate/entry
> AAB including B in Maths
(That's 3 A level qualifications, of which one must be grade B in Math).
> BA Economics and Politics (LL12) AAB
That's just 3 A levels, no math requirement.
I hope the people with no math were suitably warned before hand about the math requirements.
As a EE major I found it pretty amusing.
Whine some more, kiddos. "Honours" my ass.
That's a shame because some of the comments here talking about the question are interesting.