Abstract
The demand for grades is an engaging topic for economics students. This study surveyed students to determine the maximum price they would be willing to pay for a grade of “A.” Survey results were utilized to estimate a well-behaved demand function and demonstrate basic principles of demand and elasticity. A probit model revealed that student demand conforms to economic theory, and in particular, that willingness to bid is associated with student financial endowments and “taste” for a purchased “A.” Significant gender differences were discovered; males were both more likely to bid and to be influenced by financial and intellectual endowments.
Recommended Citation
Cloutier, Norman and Kaufman, Dennis
(2003)
"The Price of Success: The Demand for an “A” in Economics Principles,"
Journal of Economics and Finance Education: Vol. 2:
Iss.
1, Article 4.
Available at:
https://scholarship.rollins.edu/jefe/vol2/iss1/4
