Get the dropdown list value and list in JQuery

I have a dropdown list class TaList in a column in a table.
To get the option value of dropdown list in JQuery:
  row3.find('td.TaList select').val();
To get the selected text of dropdown list in JQuery:
  stakeholder_name1 = row3.find('td.TaList :selected').text();
More codes:
$('div.ajax_list').find("#defaultTable").find('tr').each(function() {
    if($(this).find('.swap_option').attr('checked') == 'checked') total += 1;
    var row3=  $(this);
    if(total==1 && $(this).find('.swap_option').attr('checked') == 'checked'){
        courses_offered_id1=row3.find("input.courses_offered_id").val();
        stakeholder_id1 = row3.find('td.TaList select').val();
        stakeholder_name1 = row3.find('td.TaList :selected').text();
        section1 = row3.find('.TutSection').html();
        assignedID1 = row3.find('.assignedID').val();
    }
    if(total==2 &&$(this).find('.swap_option').attr('checked') == 'checked'){
        courses_offered_id2=row3.find("input.courses_offered_id").val();
        stakeholder_id2 = row3.find('td.TaList select').val(); 
        assignedID2 = row3.find('.assignedID').val();
        stakeholder_name2 = row3.find('td.TaList :selected').text();
        section2 = row3.find('.TutSection').html();               
    }           
});