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Investigating the Relevance of Economics Training and the Demand for Economists : preliminary results from the DOE StA and Mona Processes. Dr. Marlene Attzs Department of Economics, UWI St. Augustine. Presentation to the Economic Growth Conference, Mona September 2007.
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Investigating the Relevance of Economics Training and the Demand for Economists :preliminary results from the DOE StA and Mona Processes Dr. Marlene Attzs Department of Economics, UWI St. Augustine Presentation to the Economic Growth Conference, Mona September 2007
Outline of Presentation • Background to Process • DOE 2/3-stage initiative • Major Employers of DOE Graduates (StA and Mona) • DOE in the context of the UWI Strategic Plan • Survey results and recommendations from stakeholders • Policy Conclusions and recommendations
Background to the DOE Initiative • Objectives of the original surveys were: • To anticipate the demand for Economists in Trinidad and Tobago and in the wider Caribbean in the new millennium; and • To determine DOE’s future research and teaching agenda. • 1st survey of DOE StA graduates done in Q1 1997; 2nd survey done over the period May to July 2006 with a view to updating the baseline data collected in 1997. • DOE Mona process conducted 2007
Current Context and Process • DOE St. Augustine’s Strategic Plan Process • V- Caribbean people recognise UWI’s Economics Department (s) as being in their corner through our contribution to development of the Caribbean. • M - to deliver quality research, teaching, training, outreach and dissemination of knowledge in the Economics of Development in SIDS in a student friendly environment. • Consultation with stakeholders/users of DOE services/employers of graduates
Results from Civil Society Survey • The sample consisted of local and regional CS and diverse in terms of functions • Primary objective … to distill Civil Society’s perspective of Economics and Economists, particularly wrt the role and function of the UWI DOE StA • Data collection period: July/ August (en process)
Areas of training important to Civil Society • Budget Preparation • Proposal writing • Current economic issues • Accounting • Project evaluation
DOE Mona : Students’ Perception of Economics Teaching • MSc programme • geared towards preparing students for Economics studies at the PhD level and not for the work place; • focus theory vs applicability • Limited exposure to economic dynamics of both the Jamaican and Caribbean economies • Lack of diversity in course options/fields
DOE Mona : Students’ Perception of Economics Teaching • Undergraduate programme • needs to be enhanced to facilitate better preparation for MSc programme: • Need for some compulsory (Economic Development, Caribbean Economics, etc) • Stronger focus on incorporation of more research to enhance writing and analytical skills and better understanding of the discipline
Summary of respondents recommendations • Need to refine critical thinking, report writing and analytical skills • Greater understanding of the dynamics of the national and regional economy • General view on the need for more consultation/ interaction between Economics Dept and institutions (locally and regionally) in curriculum reform • There needs to be a synergy between the economics skill set and those of the other social sciences (graduates too “specialised”)
Policy Conclusions • Survey results suggest need to rationalise teaching/research • Results suggest some need for mix of “traditional” and “non-traditional” training • Relevance of Economics and Economics Training ought to be in the context of relevant for and to whom?