All undergraduate college students face the important decision of what major to graduate with. This important choice affects their future careers and current happiness while in college. A number of factors go into this decision-making practice, including ability, preferences, and demographic trends. This paper hypothesizes that students also care about the current state of the economy. The data used in this multinomial logit model comes from eleven years of data on Colorado College graduates. After analyzing the results at the division and major level, the hypothesis proved to be weak in the Colorado College population. Six out of twenty-eight majors significantly responded to the independent variable measuring the national unemployment rate, although none of the majors responded drastically. Overall, an increase in the unemployment rate led to more economics, mathematical economics, and environmental studies majors while a decrease led to more physics, religion and English majors.
Appendix to the Colorado College faculty meeting, Block 1, September 2013.
Appendix to the Colorado College faculty meeting, Block 5, February 10.
Edward H. Honnen was born in Pueblo, Colorado on April 17, 1899, and grew up in Colorado Springs. In the midterm of 1917, he entered Colorado College, where he excelled in three sports: basketball, track, and especially football, for which he was named the Rocky Mountain Conference's All Conference Tackle. When his father died in 1920, Honnen assumed control of the family's construction business. Over the years, he became a highly successful general contractor, involved in many important regional projects such as the building of Ft. Carson, Peterson Field, and various aspects of the Denver and Colorado Springs water systems. Around 1949, he became President of the McCoy Caterpillar Company, until his retirement in 1965, when he pursued team roping in the Old Timer's Rodeo Circuit. He is a member of the Cowboy Hall of Fame and the Pro Rodeo Hall of Fame. His many philanthropies have included: Colorado College Ice Rink, the donation of Western Art to the Fine Arts Center, and the Orchid House at the Denver Botanical Gardens. From 1946 to 1950, he served as a Colorado College Alumni Trustee and then as a Charter Trustee from 1960-1983. He received two Honorary Degrees from Colorado College, the first in 1960 and another in 1983. His autobiography, Tally Ho, contains further details of his life and many accomplishments.
Appendix to the Colorado College faculty meeting, Block 5, February 2014.