An Economic Analysis On Intermediate Microeconomics: An Ordered Probit Model

Abstract

An ordered probit model is utilized in this study to determine primary factors leading to academic success among undergraduate students taking intermediate microeconomics. Using a sample of 169 students enrolled in intermediate microeconomics during the 2003-2004 academic year, it is found that individual student cumulative grade point average or total score on the Scholastic Aptitude Test along with choice of academic major influence the expected grade in intermediate microeconomics.