Susan Helper, the Frank Tracy Carlton Professor of Economics, talked about the impact of the decrease in commodities such as lumber, steel and plastics, on the railroad industry in this Washington Post article, "Troubles for trains as the demand for 'stuff' slows."
Scott Shane discussed how practice on their elevator pitches helps entrepreneurs have better results in obtaining investment capital. PITCH U, an elevator pitch competition for students, is part of Shane's experiment to identify the best training to improve performance.
Research by Gallagher argues that flood insurance take-up decisions in a community serve as a proxy for attitudes about flood risk there. "Learning about an Infrequent Event" is cited in this American Economic Association article.
The Economics Department is a center for sophisticated teaching and research in applied microeconomics, management, and public policy. Our research and teaching interests range from core issues in micro and macroeconomics to international economics, health economics, incentive design and behavioral economics, negotiation and conflict resolution, and the economics of technological change.
Our faculty combine insights from modern economic theory with a close study of institutional detail, including novel sources of data such as administrative records and cooperative experiments with firms or governments. Several members of the faculty have been cited in scholarly work more than 1,500 times. In addition, faculty have designed experiments with local governments and non-governmental organizations to improve service delivery in health and education in South Asia, Latin America, the U.S., and Europe. The department cultivates a stimulating intellectual environment for students and faculty, and each semester, top scholars from around the country are invited to present research in our Markets, Organizations, and Public Policy Seminar Series. This series provides a glimpse of the frontiers of economic research to invigorate our core studies—ranked #5 (undergraduate microeconomics) and #7 (undergraduate macroeconomics) in the nation in 2012 by Businessweek. Meanwhile, faculty contribute to the public conversation on economics and are frequently quoted in important media sources such as National Public Radio, The Wall Street Journal, The New York Times, The Washington Post, CNN, and The New Republic.