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PURDUE ECONOMICS DEPARTMENT HOSTS MIDWEST MACRO MEETINGS

The Economics department hosted the Spring 2016 Midwest Macro Meetings on May 20-22, 2016. This semiannual conference rotates among universities in the Midwest and features scholars from around the world. This year’s program included 114 papers and plenary talks by Sergio Rebelo (Northwestern) and Randy Wright (Wisconsin-Madison). The weather was outstanding and the event was an overwhelming success. With events taking place in Rawls Hall, Krannert Hall, Stewart Center, and a banquet in the South Ballroom of the Memorial Union, the hospitality of our faculty and the beauty of our campus was on full display. We want to especially acknowledge the many graduate students who volunteered a total of 200 person-hours to make the conference a success. The organizing committee consisted of Matt Hoelle, Cathy Zhang, Soojin Kim, and Trevor Gallen. Both Jerry Lynch and David Hummels were a plenary talk host. And finally, Brenda Allie worked tirelessly as administrative coordinator.

Dean David Hummels Randy Wright Sergio Rebelo
Jerry Lynch Ballroom Hoelle
Masha Stanton Lin Hou
Brenda Allie


WELCOME NEW FACULTY 2016-2017

We extend a warm welcome to new faculty joining the Department in AY 2016-2017. Joining the ranks of our permanent faculty are Evan Calford, Farid Farrokhi, David Gill, and Victoria Prowse.

Evan Calford
Professor Calford received his Ph.D. from the University of British Columbia.  His research areas include Expperimental Economics, Behavioral Economics, and Game Theory.

Farid Farrokhi
Professor Farrokhi earned his Ph.D. in Economics from the Pennsylvania State University.  His research focuses broadly on International Trade and its intersections with Industrial Organization and Energy Economics.  He will be teaching International Economics and International Trade.

David Gill
Professor David Gill joins us from the University of Oxford where he was Associate Professor in the Department of Economics and the Roger Van Norden Fellow at Hertford College.  David also earned his Ph.D. in Economics from Oxford.  He is an applied microeconomist who uses game theory and experiments to understand how people and firms behave.

Victoria Prowse
Professor Prowse received her Ph.D. in Economics from the University of Oxford. Her research interests include Labor, Public, Behavioral and Experimental Economics.  Her recent work focuses on the design of social insurance programs for individuals and families and on learning and feedback in repeated interactions.



ECONOMICS DEPARTMENT HONORS OUTSTANDING UNDERGRADUATE STUDENTS

Every spring the Economics Department invites high-achieving undergraduate students to an awards ceremony where they are recognized for their outstanding academic performance in the classroom.  The students met the qualifications for the Purdue Chapter of the Omicron Delta Epsilon, the international honor society for economics.  Each student was  presented with a "Distinction in Economics" award.

Award Recipients - Group 1
L to R:  Alexander Abraham, Samuel Fehrman,
Matt Hoelle, Qingyang Gao

Award Recipients - Group 2
Wan Jiang, Zhuolin Li, Matt Hoelle, Conner Smith

Award Recipients - Group 3
Bixiao Zhang, Henry Zhao, Matt Hoelle, Xiaoyu Zheng.




TRIBUTE TO MIKE WATTS IN THE JOURNAL OF ECONOMIC EDUCATION

The latest issue of the Journal of Economic Education included a memorial article on Mike Watts. Several economists provided personal persectives on Mike's life, his service to JEE, and the significant contributions he made to economic education. The complete article can be read or downloaded at http://www.tandfonline.com/toc/vece20/current#.VbzrGE3bKUk


PURDUE ECON TEAM PLACES FIRST IN RAGNAR

Purdue Faculty in Ragnar Race Purdue Faculty in Ragnar Race - 2

 

A running team comprised of Economics members, spouses, and friends  completed a 200-mile Ragnar relay race. The team ran from Madison, Wisconsin to Chicago in 25 hours and 34 minutes. The team placed first in the Mixed Corporate/Public Service Division.  The members of the 12-person team took turns carrying the relay slap bracelet with each teammate running three times for total distances varying from 14 to 20 miles.  The six Economics faculty members on the team (including their Ragnar nicknames) were Tim "Mr. T" Cason, Brian "Too 5" Roberson, Sandra "Maxi" Maximiano, Julian "Juro" Romero, Matt "Kaiser" Hoelle, and Yaroslav "Yari" Rosokha.

    According to team members, "Ragnar brings a strong sense of camaraderie, teamwork, and friendship.  We start together and finish together with a big smile and a huge happy feeling.  Our victory also brought a great sense of accomplishment!"

WELCOME NEW FACULTY 2015-2016

We extend a warm welcome to new faculty joining the Department in AY 2015-2016. Specifically, Jillian Carr, Trevor Gallen, Joe Mazur and Miguel Sarzosa join the Department as Assistant Professors of Economics, Andres Vargas as a Continuous Term Lecturer, and Jacopo Magnani as Visiting Assistant Professor of Economics.

Jillian Carr
Professor Carr earned her Ph.D. in Economics from Texas A&M University.  Her research focuses broadly on Applied Microeconomics, Labor Economics and Public Economics. Her exciting and careful empirical research has a particular focus on the economics of crime.

Trevor Gallen
Professor Gallen received his Ph.D. in Economics from the University of Chicago.  His research straddles the fields of Macroeconomics, Public Economics, Labor Economics and Health Economics. Dr. Gallen has conducted research related to the valuation of Medicaid, as well as labor market effects of the Affordable Care Act.

Joe Mazur
Professor Mazur comes to Purdue after receiving his Ph.D in Economics from Duke University. His primary field of interest is Industrial Organization. Professor Mazur has written a number of papers focusing on the airline industry.

Miguel Sarzosa
Professor Sarzosa received his Ph.D. in Economics from the University of Maryland. His primary fields of interest are Labor Economics and Applied Econometrics.  Professor  Sarzosa has studied the impact of bullying on skill accumulation and has developed a STATA routine for the estimation of factor models.

Andres Vargas
Dr. Vargas joins the Department of Economics as a Continuous Term Lecturer. Andres received his Ph.D. from the University of Texas-Austin, and served on the Texas Tech faculty from 2006-2014. Dr. Vargas will be involved with the teaching of Economics 252 (Macroeconomics), one of the most popular courses on campus.

Jacopo Magnani
Dr. Magnani joins the Department as Visiting Assistant Professor of Economics. His primary fields of interest are Microeconomic Theory, Experimental Economics and Behavioral Economics. Dr. Magnani's primary teaching responsibilities with be Economics 451 (Game Theory).



In Memory of Michael W. Watts 

MichaelWWatts

The Department of Economics and Krannert School of Management are deeply saddened by the passing of our friend and colleague, Mike Watts.

Mike received his Ph.D. in Economics in 1978 from Louisiana State University and joined the Krannert faculty in 1981. He remained on the Purdue faculty for 33 years.    

Mike’s academic accomplishments were many:  he  authored 77 scholarly articles in academic journals,  served as the Editor of the Journal of Economic Education, won numerous awards for his teaching, and was invited to share results of his research at universities and institutions around the world.

Mike was particularly passionate about the teaching of Economics. This passion led him to accept the role of Director of the Purdue Center for Economic Education (PCEE), a position he held since 1984. The Center’s charge is to help teachers incorporate economic thinking into elementary, middle and secondary school classrooms, as well as to promote economic literacy across our state.  Under Mike’s leadership, PCEE was recently named recipient of the 2014 Peter V. Harrington Award – a distinction reserved for the top Indiana Center for Economic Education.

Mike saw economics in everything, a quality best revealed in his book, The Literary Book of Economics, and in his most recent work focusing on economics and art. He had made great progress on that project, producing a website with thousands of paintings and related economics concepts, which he made freely available to teachers. Sadly he wasn't able to complete that project and write the companion book that was supposed to be, as he said, his "swan song."

The faculty of the Economics Department will sorely miss Mike’s scholarly contributions, service, collegiality and sense of humor. In his honor, and to recognize his extensive contributions to Purdue, the Department will award the Michael W. Watts Scholarship for Excellence in Economics, a scholarship given to an outstanding junior Economics major. 

TRIBUTE TO MIKE WATTS APPEARS IN THE JOURNAL OF ECONOMICS EDUCATION
The June 2015 issue of the Journal of Economic Education included a memorial article on Mike Watts. Several economists provided personal persectives on Mike's life, his service to JEE, and the significant contributions he made to economic education. The complete article can be read or downloaded at http://www.tandfonline.com/toc/vece20/current#.VbzrGE3bKUk




PURDUE ECON AMONG THE BEST in RAGNAR

Regnar 2013Economics faculty, graduate students, and others placed among the best in the mixed corporation division of the Ragnar Relay in Chicago, 2013.  The team's name is "Just Purdue It", a name that won the coveted "Ragnar Nom" (best team's name).  Participants in the photo: Top: Kory Garner (Grad. Student Economics) , Matt Hoelle (Assistant Prof. Economics), Abby Engelberth (Assistant Prof. Agricultural and Biological Engineering), Travis Butt (Advisor at Krannert), Christopher Hartwell, Sharon Skorbiansky (Grad. Student Ag. Economics);  Bottom: Summer Forester (Grad. Student Political Science), Tom Mustillo (Assistant Prof. Political Science), Christine Jackson (Associate Prof. OBHR), Sandra Maximiano (Assistant Prof. Economics), Lauren Lawson (Julian’s girlfriend), Julian Romero (Assistant Prof. Economics).


WELCOME NEW FACULTY 2013-14

 We extend a warm welcome to the new faculty for 2013-14. Joining the ranks of our permanent faculty this year are Dr. Soojin Kim, Dr. Yaroslav Rosokha, and Dr. Cathy Zhang. Also joining the department as a continuous term lecturer is Dr. Benjamin Van Kammen.

Soojin Kim
We are happy to welcome Dr. Soojin Kim who received her Ph.D. and M.A. in Economics from the University of Pennsylvania.  Her research focuses broadly on macroeconomics, public economics, health economics, and labor economics.  She is particularly interested in understanding the effects of taxation and health policies as well as the optimal design of government policies.

Yaroslav Rosokha
Dr. Rosokha received his Ph.D. in Economics from the University of Texas at Austin.  His research interests concern individual and social learning under uncertainty.  Also among his interests are Experimental Economics, Game Theory, and Computational Economics.  He will be teaching courses in Economics and also Operations Management.

Cathy Zhang
Professor Zhang comes to Purdue from the University of California, Irvine where she received her PhD. in Economics in 2013 after completing an undergraduate degree at the University of California, Berkeley.  Dr. Zhang's areas of expertise lie in macroeconomics, monetary economics, and search theory.  She also has research interests in International Economics and Experimental Economics. 

Benjamin Van Kammen
Dr. Van Kammen comes to Purdue from Milwaukee, WI, where he completed his Ph.D. in Economics at the University of Wisconsin-Milwaukee in 2013.  As a Continuous Term Lecturer, he presently teaches Labor Economics and Econometrics and performs empirical research in the areas of Labor and Household Economics. 


WELCOME NEW FACULTY 2012-13

 We extend a warm welcome to the new faculty for 2012-13. Joining the ranks of our permanent faculty this year are Dr. Timothy Bond and Dr. Matthew Hoelle.

Timothy Bond
Professor Bond received his Ph.D. in Economics from Boston University in 2012.  His research interests include Labor Economics, Economics of Education, and Social Welfare.  His most recent work has focused on the black-white achievement gap in early education and establishment promotion practices.

Matthew Hoelle
Dr. Hoelle came to the Purdue Economics Department last year as a Visiting Faculty Member and this year we welcome him to the ranks of our permanent faculty.  He received his Ph.D. from the University of Pennsylvania in 2010.  His main areas of research are Macroeconomic Theory, General Equilibrium Theory and Game Theory.

Joining us as visiting faculty members are Zhigang Feng and Rui Li.  Ron Laschever is filling a joint appointment with the Economics Department and the Department of Consumer Sciences & Retailing.  We also extend a warm welcome to Continuous Term Lecturer John Thompson.

Zhigang Feng
Professor Feng received his Ph.D. from the University of Miami in 2009.  Since then he has been a Postdoctoral Fellow at the Department of Banking and Finance at the University of Zurich, Switzerland.  His research interests are Macroeconomics, Computational Economics, Optimal taxation and Macroeconomic Aspects of Health.

Ron Laschever
Dr. Laschever received his Ph.D. from Northwestern University in 2007.  His research interests include Labor Economics and Applied Econometrics.

Rui Li
Professor Li received his PhD from the University of Wisconsin-Madison. His areas of expertise are Macroeconomics, Corporate finance and Game Theory. Currently he focuses on research of firm dynamics with limited enforcement and asymmetric information based on continuous-time principal-agent models.

John Thompson
Dr. Thompson received his Ph.D. from Auburn University in 1998 and since that time has acquired much experience in academia and in  business and economics consulting.  His areas of expertise include Applied Microeconomics, Industrial Organization, and Competition Policy.


WELCOME NEW FACULTY 2011-12

We extend a warm welcome to the new faculty for 2011-12. Joining the ranks of our permanent faculty this year is Dr. Anson Soderbery.  Joining us as a visiting faculty member is Matthew Hoelle.

Anson Soderbery
Professor Soderbery  received his Ph.D. from the University of California in 2011.  His areas of expertise are International Trade, Empirical Industrial Organization, and Applied Econometrics. 

Matthew Hoelle
Matthew received his Ph.D. in Economics from the University of Pennsylvania in 2010. Since then, he has been a Max Weber Postdoctoral Fellow at the European University Institute in Florence, Italy. His research interests are Macroeconomic Theory and Financial Economics, specifically including the equilibrium effects of policy changes related to bankruptcy and taxation.


WELCOME NEW FACULTY 2010-11

We are happy to welcome two new members to our faculty for the 2010-2011 year.   Joining the ranks of our permanent faculty this year are Dr. Brian Roberson and Dr. Julian Romero

Brian Roberson
We are happy to welcome Professor Roberson back to the Purdue Economics Department. Brian received his Ph.D. from the Purdue University in 2005.  He had been an Assistant Professor of Economics at Miami University (Ohio).  Brian has a number of publications in game theory, with applications in economics and political science.  Among his research interests are Economic Theory, Game Theory, Political Economy, and Contest Theory.

Julian Romero
Professor Romero comes to Purdue from the California Institute of Technology where he completed his Ph.D. in Economics in 2010.  Julian's research interests include Game Theory, Behavioral Economics and Experimental Economics.  He also has interests in Political Economy and Numerical Methods. Julian returns to the Midwest and the Big 10, as his undergraduate degree is from Northwestern University.


PURDUE TO CO-SPONSOR UPCOMING  INTERNATIONAL CONFERENCE

In July of 2011 the International Conference of the Economic Science Association will be jointly sponsored by Purdue's  Krannert School of Management and the Booth School, University of Chicago.  Approximately three hundred experimental economists will gather for the event at the Booth School making it one of the world's largest experimental economics conferences.