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Privacy Policy for economics-department.blogspot.com

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Intermediate & Advanced Courses

The intermediate (200 level) courses offer material on many different economic topics. These courses require Economics 105 as a prerequisite and are designed to be useful to non-majors as well as minors and majors. Finally, the advanced (300 level) courses involve a much more technically sophisticated approach to analyzing many of the same economic topics. These normally require some combination of Economics 203, 300, 302 and 304 as prerequisites and are designed primarily for economics minors and majors and those who expect to make use of economics in their professional careers. In most of the advanced courses, a substantial paper is an important part of the requirements.
Junior Research Seminars, Senior Thesis

Junior Research Seminars are semester-long research seminars which junior majors take to develop their research skills. They are developed around a topic, for example labor market discrimination. In these small seminar courses professors will guide their students as they examine current research in the area, learn the relevant research techniques, and conduct original projects. These electives, depending on the topic, will require Economics 203, Economics 300 and/or Economics 302, and possibly Economics 304. These courses should be taken in the second semester of junior year, or possibly in the first semester of senior year. The culminating experience in the economics major is the senior thesis, written as part of a year-long senior research seminar. The first semester is a group seminar in which students learn salient research skills, listen to and critique work of guest economics speakers, and develop their own research question. During the second semester students conduct original and independent economics research under the guidance of one of the economics faculty members.

Department of Economics

One of the larger departments on campus, the department of economics is committed to academic excellence. The objective of the department is to provide for our students a solid foundation in economic theory, develop their capacity to think (as we say, "like an economist") about problems that face society, and develop their capacity to do empirical work. We strive to develop basic analytical skills which contribute toward the understanding of our own and other economic systems, which serve as valuable foundation for advanced studies in the fields of economics, business and law, and which are necessary for making sound decisions in business or government careers.

Mar Gudmundsson New Icelandic Central Bank Governor?

The word on the street is that Mar Gudmundsson, Chief Economist & Director of the Economics Department at the Central Banki is set to be appointed the new Central Bank Governor. This is literally according to The Word On the Street column at Eyjan.is.

His bio reads like this:

Mar Gudmundsson is the Chief Economist and the Director of the Economics Department of the Central Bank of Iceland. He has a BA-honours degree in economics from the University of Essex and a M.Phil. degree in economics from the University of Cambridge England. His main research interests are in the fields of inflation, exchange rates, monetary policy, financial stability and pensions. He has published several articles in books and economic journals. He is on the editorial board of Economic & Financial Review and was a guest editor of an issue on monetary and exchange rate policies in the Nordic countries. Gudmundsson has been a member of several ministerial appointed committees in Iceland and has served as a consultant for the IMF. Gudmundsson was the chairman of the board of one of the biggest pension funds in Iceland 1989-1992, has been a member of two government appointed committees on pensions and has written several papers on the pension system in Iceland.

Mar’s resume reads wonderfully next to the one of David Oddson and other politicians that have made the position their own. Wish him good luck, he’ll need all he can get.

Economics Degree College Course

Getting an economics degree is perhaps feared by most people. However, if given the proper critical thinking ability, they would probably want to earn a degree in economics. An economics degree promotes critical thinking. Critical thinking about the dynamics in business, environment, politics, money, as well as people is crucial in learning economics. Economists are feared in the world of business because of their ability to look at business situation in a much broader scenario.

Economists are the planners in fiscal as well as monetary policies in a government. They are responsible for securing the distribution of wealth. They plan the use of resources in order for it to be equitable and sustainable as possible. The graduates of an economics degree are sought after in the world of finance, planning, managing, forecasting, and executing business principles that work. Not all individuals are adept enough to become an economist, however.

An economics degree requires students to have an excellent critical thinking. A keen observation skill is also needed in order to grasp both tangible and intangible theories thrown at you in the class. Often if not most of the time, an economics class challenge students to use their constructive imagination to form the scenario in their mind that are related to the subject being discuss by the teacher. Perhaps the number subject requirement to study economics is mathematics. Mathematics, particularly calculus and statistics, is the language of economics. An economics student must be prepared to handle numbers most of the time. Knowledge in computer and English composition is also a must. An adequate background in politics and government is also indispensable.

In London, the best schools to study economics are the London School of Economics and Political Science and Cambridge University. The Harvard Economic Department in Harvard University, USA is the best school to go to study economics in the United States together with Massachusetts Institute of Technology Department of Economics. The University of Tokyo is one of the best schools in Asia to study economics.

Vast opportunity waits for economist. Governments are still the number employer of top caliber economists for the federal or local level. They take care of the Federal Reserve, the monetary as well as the fiscal policy, and the planning of the wealth of the government. Economists are sought after in commercial banks, securities brokers, insurance companies, Fortune 500 companies, market research and consulting firms. They can work in the fields of agriculture, environment, finance, transposition, labor, international trade, and many others.

Law and Economics

Florida State Law views the joint J.D./M.S. in Economics as an integral part of its focus on Law, Business and Economics. Students in this joint degree program not only take graduate classes in the economics department and the law school, but they also enjoy the opportunity to work on academic projects at the law school with professors doing cutting-edge research on the intersection of law and both empirical and theoretical economics. The law school offers some scholarships for select students interested in pursuing this joint degree.

Applicants must apply for admission to both colleges.

Both the GRE and LSAT must be taken in order to be considered. Applicants to the economics department must have a bachelor's degree, an upper division (junior and senior) grade point average of 3.0 or better and a minimum combined score of 1,000 on the verbal and quantitative portions of the GRE. At the College of Law, for the Fall 2009 entering class, the average LSAT score was a 161 and the median GPA was a 3.53.

Once a student is accepted to both colleges, they must complete an application for the joint degree program. The application is available at Florida State Law's Office of Admissions, or can be accessed by clicking here. This normally is done during the first year of law school. The first year of study is generally done at the law school.

Economics: From dismal to sexy in three decades

Economics is the hottest major in the College of Arts and Sciences these days. With upward of 600 students tallied in the department's 2006-07 annual report, economics is now the most popular major in the arts college.

How did Thomas Carlyle's allegedly "dismal science" get to be so ... so sexy?
Uri Possen portrait
Franklin Crawford/Cornell Chronicle
Uri Possen, chair of the economics department, in his Uris Hall office.

One answer: It pays to know economics -- especially if you have your sights set on Wall Street, says Uri Possen, chair of the economics department, which has 31 faculty members. But increasingly, a solid grounding in economics is being seen by undergraduates as crucial to their resumes. As a social science, it also serves a global function.

"We understand the world better if we know economics," says Possen, who says he still advocates for a classic liberal arts education. "And students are finding it to be an extremely useful and important thing to understand."

Undergraduates are not only majoring in economics like never before, they also are adding it as a minor or doubling up. The trend is not unique to Cornell, says Possen.

"Universities across the country are seeing an increase in majors, and the economics departments in our peer institutions are considered central to the academic mission of their respective colleges," he said.

Cornell's numbers have been on the rise since the mid-1970s, when there were roughly 150 students majoring in economics. That figure had doubled by the mid-1980s and has since doubled again, according to the department's annual reports. That steady rise is not only in keeping with a national increase in economics majors at colleges and universities -- it parallels the boom in subscriptions to such magazines as The Economist.

So there is excitement -- and challenge. For Possen and members of his relatively small department, the trend means ever more ferocious competition to recruit and retain top-notch economists.

The department got a major boost in October with a campaign gift of $5 million from Cornell trustee Donald C. Opatrny '74 that will bolster teaching and research efforts.

The Opatrny endowment can serve to augment resources in developmental economics and allow the department to award postdoctoral fellowships for research (there are about 60 graduate students in economics). Undergraduates also benefit, and it gives Possen's department the support needed to attract the best and brightest.

Possen is optimistic that the university is committed to strengthening its economics department. Cornell was ranked 17th overall for economics, ranking 10th in development economics and seventh in labor economics in U.S. News and World Report's rankings last spring. Getting into the top 10 will take a lot of support. But Possen said New York University's economics department once ranked behind Cornell and is now in the top five. Columbia also has strengthened its department considerably.

The challenge, of course, is an economic one. For someone with a doctorate in economics, it's a seller's market. They can choose a fairly lucrative career in the private sector or, if they are a hot item, take a teaching post in one of many business schools that tend to offer far higher salaries, Possen says.

Economists also have plenty of choices in academia and that also raises the stakes. At Cornell, there are economists teaching in the College of Agriculture and Life Sciences, the College of Human Ecology, the ILR School and the Johnson School.

For now Possen is hoping that administrative discussions about bolstering the department bear fruit, and that Cornell takes the lead from its undergraduates who have a nose not only for what's in vogue but what's necessary to know in order to survive in a very competitive global economy.

Department of Economics M.A. Forecasting Program Faculty

The core faculty associated with the program are four current members of the Economics Department plus one new member who is expected to join the department in Fall 2004. In teaching the courses designated for the certificate, these faculty will be joined by outside economists who are experts in forecasting. In addition, a number of faculty from other departments at the University are affiliated with the forecasting programs.

Professor Kajal Lahiri, an internationally recognized forecasting expert, has agreed to spearhead the departmental effort to set up the certificate program and teach some of the core forecasting courses.

Resource Economics

Introductory Statistics is a class most students approach with fear and trembling, but for Richard Rogers, associate professor of Resource Economics, this attitude just makes teaching the course a more interesting challenge. "My motto is: Stats is Fun',' says Rogers. "And I want students to be pleasantly surprised."

Rogers's enthusiasm and teaching skill have earned him public recognition, including the College of Food and Natural Resources's Outstanding Teaching Award and the University's Distinguished Teaching Award as well as the USDA's National Award for Excellence in College and University Teaching. Colleagues and students praise his creativity and commitment. "Even when he has developed a course to perfection, he will tinker with the next offering and, to my amazement, will improve upon perfection." wrote Cleve Willis, head of Resource Economics, in support of Rogers' nomination for the Distinguished Teaching Award.

A slim man in his early 40's, Rogers conducts the class with energy and enthusiasm. He will stop at almost nothing to make statistics comprehensible to his 367 students, whose range of mathematical skill varies greatly. Every Friday he plays "Stats Live!" with the class, adopting a snappy game-show host manner as he uses his computer to choose students to participate in empirical demonstrations of statistics concepts discussed in class. He has even resorted to handing out hundreds of bags of M&M's to the students so they can calculate the probability of finding different colors in each bag.

"I'll spend $35 or $40 out of my own pocket for the M&M's," he says. "Some students think it's silly, but for others, it's a tangible way to relate to the concept of probability."

Not every minute is fun and games, but Rogers does his best to connect the material with students' daily lives. One Friday morning in September, he starts a lecture on probability by exclaiming,"Get statistics into your weekend. Just think, you'll probably go out, and you probably won't have a good time!" The students burst into laughter. "This stuff applies," he says. He then asks the students how they like his outfit � khakis, a denim shirt and a stylish black-and-white tie. Having engaged their attention, he turns on his overhead projector and begins the days lecture.

Rogers illustrates statistical formulas using simple examples like throwing dice and flipping coins. He then applies the formulas to serious, real-life situations, such as the probability of getting breast cancer or the accuracy of the stereotype that young people don't vote. Once he had his students do a taste test of Stateline potato chips, which the company used as market research. "It gave the students a practical view of how companies make decisions," he explains. He laces his lectures with up-to-the-minute examples from UMass (the changing length of basketball shorts) or national news (public opinion supporting Ross Perot's participation in the presidential debates).

Rogers cares not only about communicating his subject, but also about setting an example. "A student may have forgotten standard deviations," he says, "but will remember how I responded to a person of color in the classroom."

Tardiness is unacceptable. "I tell students,'If you're 15 minutes late for your plane at spring break, it doesn't wait for you.'"

For students who need extra help, Rogers holds "Saturday Stats" sessions. "It's exciting," he says. "By fear or some other motivation, I've brought them in on Saturday morning to talk about statistics." He also offers an honors section "open to anyone who's extremely serious about the class and would like to put forth the extra effort to make me feel my job is worthwhile."

Along with his commitment to teaching, Rogers is also a nationally recognized scholar. He studies the structure and performance of the national food industry, a subject he teaches to upper level and graduate students. Having attended large public universities himself (Berkeley and the University of Wisconsin), Rogers wants students to recognize that they are getting a first-rate education at UMass. "I want them to think: 'He's available to us, and he's widely respected in his field.'"

The secret of Rogers' success is simple, he says."I really care. It's a passion. Every day I come in wanting to do a good job in the classroom."

MU professor Haslag named Kenneth Lay Chair in Economics

COLUMBIA — The MU Economics Department has finally hired a professor for the department’s Kenneth Lay Chair in Economics, a position it has struggled to fill for nearly a decade.

Lay, an MU alumnus, donated $1.1 million of Enron stock in 1999 to fund the chair.

After years of attempting to use the chair to bring in world-renowned economists from other universities, the College of Arts and Science has now decided to give it to one of their own, Joseph Haslag.

He received his bachelor’s and master’s degrees from MU and his doctorate from Southern Methodist University. He has been employed at MU since 2000.

As Lay Chair, Haslag will be paid $150,000 for the academic year.

Lay was CEO of Enron from 1986 until 2002. The company declared bankruptcy in 2001. Enron’s bankruptcy and collapse caused the loss of more than 4,000 jobs and $2.1 billion in pension plans. The company and Lay’s name subsequently were associated with shoddy accounting practices and white-collar crime. The Missourian reported in 2002 that MU raised $1.1 million when it sold Lay’s donated Enron stock in 1999.

In 2002, MU faculty members spoke out against the university’s ties to Lay and acceptance of such a large donation from him.

Professor Emeritus Haskell Hinnant was one of the faculty members to speak out, but now thinks that Lay’s stigma is fading with time and the greater issue is MU’s difficulty filling the position.

“It’s a little embarrassing that they weren’t able to fill it with an outside person,” Hinnant said. “But the university has other embarrassments, too.”

Michael O’Brien, dean of MU’s College of Arts and Science, said the department made four offers to faculty at other universities, all of which were topped by counteroffers from the professors’ home institutions.

“We know what we’re up against in this arms race,” O’Brien said.

However, O’Brien maintains that Haslag is a good candidate for the chair position.

“We’re just delighted to be able to use the chair to retain one of the outstanding faculty members in Arts and Science,” he said.

Professor Emeritus Rex Campbell, who spoke out in 2002 against Lay’s donation, said he still thinks that filling the chair position could be damaging to the MU’s reputation.

“I don’t know what the impact is going to be immediately,” he said.

Haslag said that his duties will not change significantly with his new position.

“My position is to continue to do as high quality economic research as I can and to teach students here at MU,” he said.

Welcome to the Economics Program

Economics is a study of how our society chooses to allocate its limited resources to best meet our unlimited wants. As a social science, economics attempts to describe behavioral idiosyncrasies of consumers and producers and their responses to changes in incentives. Furthermore, economics attempts to predict future patterns of economic environment on an individual as well as a global scale. An economics degree is ideal for most careers. Economics stresses critical thinking. Economics also stresses computer proficiency and communications skills. There is a plethora of potential jobs available for those with economics degree. Graduates work in government, academia, commercial banks, insurance companies, International lending institutions, unions, consulting firms, and trade associations. Red Rocks offers economic courses in a variety of formats including on-line classes.

Department of Economics

Economics is the study of the ways in which individuals, households, companies, industries, governments, and nations allocate scarce resources among alternative uses and the resulting consequences of these decisions. The choices and the consequences are evaluated in terms of performance criteria such as efficiency, stability, and economic growth.  The understanding and the objective evaluation of these choices and their consequences allow us to explore alternative forms of private and public organizations and their economic decisions that may further improve the long-run performance of those organizations and institutions.

The Department of Economics at Cleveland State University offers a general undergraduate economics major and minor as well as an MA program in Economics.  The Department also offers a certificate program in Applied Economics and Public Policy.  These web pages provide more detailed information about these programs, the faculty and the Department's research activities. Please feel free to navigate our website through the links provided on the right side of this page.

Economics Department

The Department strives to acquaint the students with the economic aspects of modern society, familiarize them with the techniques for the analysis of the contemporary economic problems and develop in them an ability to exercise judgment in evaluating public policy. There is training for the students as well as for those who plan careers as economists in civil service, private enterprise, teaching, or research.

The under-graduate programme provides an excellent background for those who want to graduate in the professional schools (for example, business and law).

The primary objective of the graduate programme is to educate students as research economists. In the process, students also acquire the background and the skills necessary for careers as university teachers and as practitioners of economics. The curriculum includes a comprehensive treatment of modern theory and empirical techniques.

School of Economics and Management

I studied at Lund University School of Economics and Management. it encompasses the department of business administration, department of economics, department of economics history, department of business law, department of informatics, etc!

Economics

The Economics Department at the University of Portsmouth has over 30 members of staff engaged in teaching and research.

The Department is committed to the provision of high quality teaching at both undergraduate and postgraduate levels attracting students from the UK, Europe and the rest of the world. All of our degree courses have been carefully designed to ensure that students graduate with the skills that best meet their preferred career ambitions.

Undergraduate students are encouraged to participate in volunteering and work experience placements that give them the opportunity to significantly further their career prospects. We also offer students the ability to diversify in other key disciplines such as law, accounting and also languages through the University?s Institution-wide Language Programme (IWLP).

There are strong affiliations to the local community and much of our research informs policy making in Local or National Government as well as the European Union, United Nations and OECD (Organisation for Economic Co-operation and Development). Our key research group CEMARE (Centre for the Economics and Management of Aquatic Resources) generates research funds in excess of £700,000 per year.

Economics

The MIT Economics Department today is a vibrant collection of faculty and students. The Department's distinguished scholars have received numerous awards, including three Nobel Prizes (Franco Modigliani, Paul Samuelson, and Robert Solow), and many are Fellows of the National Academy of Sciences, the American Academy of Arts and Sciences, and the Econometric Society. Many faculty members have served in various elected offices of the American Economic Association and the Econometric Society.

The Department offers exceptional opportunities for undergraduate and graduate study and research.