The Economics department has finally decided to become economically efficient and "technologically sophisticated" an informed source i the department admitted yesterday.
"The department has begun to adopt some technological changes in the administration segment of its production function," he stated. "We are attempting to accumulate the information necessary for determining input-output ratios and other facts relevant to running an efficient business."
John T. Dunlop, Chairman of the Economics department, added that such a large scale operation as the Economics department was always looking for ways of improving its information:
With this aim in mind the department has made a statistical study including such factors as course sizes, relative popularity of the department in terms of concentrators, and "output mix of the graduate courses with respect to undergraduate enrollment, and vica versa."
While Ec 1 has grown by more than 250 students over the past ten years, the department as a whole has declined in student popularity. Over this same period the proportion of students concentrating in the field has dropped from 10.7 per cent in 1953 to 5.7 per cent in 1962.
The only statistics that seem to correlate with these facts show that since 1953 a higher percentage of seniors in the department have not graduated than in the College in general. In 1963 5.9 per cent "lost degrees" while only 2.8 per cent failed to graduate in, 1953.
Slightly more useful information in the report concerned "manpower input." Because of the heavy work load an additional full-time appointment was made.
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