Colorado State University and the College of Liberal Arts is committed to tackling the wicked problem of racism and exclusion. In this SOURCE story our own Dr. Guy Numa is one of three CLA professors highlighted. Numa stresses the importance of moving from discussion to action. He is a proponent for the creation of “baby bonds,” trust accounts that would be given to all newborns at birth, with larger amounts given to those in low-income families, to elevate the economic status of minority families.
ECON 101, Economics of Social Issues, is normally only offered in the spring semesters. The class is open to all majors, has no prerequisites and fills the requirement for AUCC category 3C. Social and Behavioral Sciences. The Department of Economics has added a special section of ECON 101 to the Fall 2020 semester focusing on the broad impact of COVID-19.
Economics is a broad social science discipline that brings together diverse tools for understanding the choices we make about how we provision for ourselves and our families and communities, and the consequences for the critical social issues of equity, efficiency, and sustainability. The COVID-19 crisis is a complex social phenomenon with many dimensions that can be usefully studied through an economic lens. Does it make economic sense to have a lockdown in the face of a spreading pandemic? What is the optimal timing and duration of such a policy? How do such policies differentially impact people from different races, gender or class? Should college kids be treated the same as older adults? How should incomplete data on infection and mortality rates be interpreted as we seek to understand the true risk of the virus? What is the correct macroeconomic response when the economy runs off a cliff? What are the environmental effects of recent economic changes, and how might policy be used to steer us away from business-as-usual levels of pollution? This fall, Econ 101 will be reimagined, bringing together eight professors from across the CSU Economics Department to explore these questions and more. Join us!
ECON 101, Economics of Social Issues: The Economics of COVID-19
MWF 3-3:50 PM, CLARK A207 (CRN: 69124)
CONGRATULATIONS 2020 Graduates of the Department of Economics at Colorado State University!
What a tremendous accomplishment! In lieu of shaking your hands at graduation this weekend, some of your economics professors have a special message for you below!
Be safe and well, and we look forward to marking the occasion in person at graduation in December.
Historically every April the Department of Economics hosts an annual award ceremony to recognize students who became members of Omicron Delta Epsilon during the academic year and to celebrate students who received awards and scholarships. This year’s celebration had to be cancelled due to the COVID-19 pandemic.
In lieu of gathering at the Lory Student Center on April 28, 2020 Undergraduate Coordinator, Dr. Nancy Jianakoplos created this video to honor each new ODE member and undergraduate award and scholarship winners. Please enjoy!
Congratulations to all our students! We are so proud of your accomplishments!
The Economics Department office will be operating remotely until further notice. Normal office hours will be in effect Mondays thru Fridays: 7:30 am-12:00 pm and 1:00-4:30 pm (MST).
The office staff may be reached at 970-491-6324 or via email: CLA_Economics@colostate.edu
If you need assistance from any other faculty or staff, you are welcome to contact them directly via email. You can view our department’s website for contact information: https://economics.colostate.edu/people/
We are here to help! Stay well! #RamsTakeCareOfRams 🐏
The Winter 2019/Spring 2020 edition of the CLA Magazine is now available for your viewing pleasure! The Liberal Arts Magazine showcases stories from faculty, students, and alumni on universal topics. In this issue, we apply the lenses of the liberal arts to place and space. Our department’s article highlights the work of Professor Stephan Weiler and REDI.
Identifying rural solutions to urban needs, and vice versa, has been a big part of Professor Weiler’s work for decades. With the Regional Economic Development Institute, Weiler and others are examining the many ways to bridge the urban-rural divide. Whether it’s malting barley, charter school supply and demand, or poverty and incarceration, rural and urban communities can learn from and benefit one another and provide opportunities for more people to succeed.
The department’s annual undergraduate and graduate award ceremony was held on April 29, 2019. Congratulations to all our amazing students!
Outstanding Undergraduate Student: Eli Oftedal
Eli is completing dual degrees: a B.A. degree with a double major in Economics and Interdisciplinary Liberal Arts with a minor in History and a B.S. degree with a major in Ecosystem Science and Sustainability. Eli is working to make the world a better place by combining his economic knowledge with his desire to promote environmental sustainability that ensures intergenerational equity for years to come. Eli has already participated in several internships focusing on environmental sustainability. After graduation and a gap year, Eli plans to pursue graduate studies in environmental economics and an MBA so that he can engage in venture capital impact investing.
The Undergraduate Program Committee selects the recipient of this award by inviting the 10 students with the highest cumulative CSU GPAs who have senior status and have completed, or will complete by the end of the semester, at least 60 credits at CSU to submit their resumes and a personal statement of their educational experience and personal goals.
Ben W. Garcia Scholarship recipient: Savanna Millburn
Savannah is a double major in Economics and Animal Science and a minor in History. Savannah has had a very interdisciplinary life serving both as a member of CSU’s award-winning meat judging team and as president of the CSU’s Economics Club. Savannah’s essay examines possible economic policies to reduce pollution and increase sustainability in the animal agricultural industry. She examines the potential to reduce carbon emissions from swine lagoons by imposing a carbon tax and the possibility of using government subsidies to promote the adoption of technologies to convert animal waste to energy or other saleable products. Savannah’s paper certainly illustrates an interdisciplinary approach, combining elements of her seemingly unrelated majors – economics and animal science.
The Ben W. Garcia Economics Scholarship is a $1,000 award for one academic year. Ben Garcia is a former economics major and 1981 graduate of CSU. Ben went on to earn his M.A. in Economics with an emphasis on Labor Studies from Notre Dame in 1983. Ben has spent his career working for Colorado Labor Market Information, a Colorado state government agency that produces the official employment statistics for Colorado.
The purpose of this award is to provide scholarship benefits to economics majors who are pursuing an interdisciplinary approach to economics by using knowledge from other social science or humanities fields to help explain economic phenomena. In addition to being a junior or senior level economics major exhibiting academic merit, the recipient must submit a paper written for an economics class that illustrates an interdisciplinary approach to economics.
Ed Hewett Scholarship recipient: Zachary Hughes
Zach is a junior Honors Scholar double majoring in Economics and Business with a concentration in Finance. In his essay he provided an economic analysis of price gouging in Puerto Rico during Hurricane Maria. After college Zach intends to become a lawyer in order to provide a voice for those without one.
The Ed A. Hewett Memorial Scholarship is a $2,500 award for one academic year. Ed Hewett earned his Bachelor’s and Master’s degrees in Economics here at CSU in 1966 and 1968, respectively, and went on to earn his Ph.D. at the University of Michigan in 1971, specializing in the Soviet economy. Ed Hewett served as a key government policy advisor during one of the most important events of the Twentieth Century: the collapse of communism in the Soviet Union and Eastern Europe. Just before his untimely death in January 1993, Ed’s contributions were recognized by a Special Award for Exceptional Service from the first President Bush.
The Ed A. Hewett Memorial Scholarship was established to encourage outstanding students in economics to follow the example of Ed Hewitt and to strive to make a difference in the world. The recipient of the scholarship must be a junior majoring in economics with at least a 3.0 GPA and submit an essay applying economic principles to real world issues.
Alok Mehta Scholarship recipient: America Rios-Martinez
America is a junior Honors Scholar triple majoring in Economics, International Studies with a concentration in Latin American Studies, and Languages, Literature and Culture with a concentration in Spanish. After graduation America wants to provide services to members of Spanish speaking migrant communities to help them achieve better lives. In accordance with the stated preferences of the Mehta Scholarship donors, our scholarship selection committee was particularly pleased to find such a qualified and deserving applicant as America, who had volunteered as an after-school tutor at the Boys and Girls Club in Brighton.
The Alok Mehta Memorial Scholarship is a $1,500 award established by Dr. and Mrs. Gopal Mehta, in honor of their son Alok and other victims of the 9-11-2001 terrorist attacks on the World Trade Center. Alok was a year 2000 CSU graduate, with an Economics major and Biochemistry minor.
Applicants for this scholarship must be undergraduate Economics majors with a minimum 3.0 GPA, demonstrated financial need, with preference given to a member of the Triangle Fraternity, and/or an applicant involved with the Boys and Girls Clubs or other community engagement activities.
Outstanding ODE Undergraduate Paper: Davianna Velasco Valdivieso
CSU’s chapter of Omicron Delta Epsilon (ODE) provides awards to the Best Undergraduate and Graduate Term Papers written in Economics courses in the past academic year.
Davianna’s paper was written for her ECON 335 Econometrics class. In the paper she empirically investigates the oft-made claim that violent crimes are higher in areas with more undocumented immigrants. Using data for a sample of 189 metro areas, controlling for population, poverty rates, and unemployment rates, and estimating a number of different specifications, Davianna’s results show a statistically negative relationship between the proportion of undocumented immigrant population in a metro area and violent crimes in the area, on average, controlling for population size. This result does not lend statistical support to the perception that undocumented immigrants contribute to an increase in violent crimes.
Outstanding ODE Graduate Paper: Adam Walke
Adam’s paper, titled: ““Capital Exportation and the Falling Rate of Profit: a Comparison of Marx and Mill,” highlights similarities in the analysis by Mill and Marx on the role of profitable opportunities for capital investment in colonies as a counteracting force to the decline in the profit rate, which the classical political economists view as inevitable.
Outstanding Graduate Student Teaching: Edward Teather-Posada
Edward is a 5th year PhD student interested in Political Economy and Economic Development and has taught undergraduate courses in Gender and the Economy, and History of Economic Thought. He has also served as the Graduate Instructor Supervisor. The award recognizes Edward’s “unique and relaxed lecturing style, that engages students and promotes inclusive classroom interaction.” Further, it recognizes the “real depth to the material he covers.”
Outstanding Graduate Research: Sarah Small
Sarah is a 4th year PhD student with interests in Political Economy and Public Economics. Sarah has been presenting papers at several workshops and conferences, and is working on several related projects: one on state-variation in intimate partner violence with Anita Pena, another one on a feminist take on women participation in the labor force with Elissa Braunstein, and a third one with Steven Pressman on J.S. Mill’s Subjection of Women.
Dissertation Fellowship: Bryanna Dixon and Yuchen Hu
Bryanna is a 5th year PhD student with fields in Public Economics and Regional Economics who has passed her preliminary defense. Her dissertation is focused on relationships between community economic and non economic factors and migration by race in the modern United States with attention to whether migration is voluntary or involuntary (e.g., displacement).
Yuchen is a 5th year PhD student with fields in Regional Economics and Public Economics who has passed her preliminary defense. Her dissertation is composed of three papers broadly on the topic of community resilience to natural disasters, and it uses a variety of methodologies such as CGE computer simulations of alternative resilience strategies, as well as econometric identification techniques to study out-migration following hurricane Katrina.
The department awards two fellowships each year to PhD students who are working on their dissertation research. The purpose of the fellowships is to release the students from teaching obligations for a semester to accelerate their progress on their research. Recipients of the fellowship are required to submit a report at the end of the fellowship period detailing what they were able to achieve.
Graduate Research Assistantship: Yeva Aleksanyan
Yeva will be working with Professor Sammy Zahran on a project addressing the marketing relations between pharmaceutical companies and young physicians. In particular, the project uses CMS National Provider Identifier File (NPIF) and Open Payments 2016 data in order to explore whether medical school policies affect promotional payments acceptance later in physicians’ careers.
Graduate students at any level are eligible to apply for money to support research undertaken in conjunction with a faculty member during a semester. The student and faculty member jointly apply for this research funding. The purpose of this assistantship is to provide a student with research experience working with a faculty member with the expectation that the collaboration will result in a publishable paper.
Fan Graduate Scholarship recipient: Kit Deming
Kit is a 3rd year PhD student. He receives the award in recognition of his strong motivation, rigor, and dedication. In the words of his recommender, “Kit has the talent and work ethic to be highly successful in our program.”
The Fan Scholarship was established in honor of Professors Emeriti LS Fan and Chuen Mei Fan. It is intended for PhD students who have passed the Qualifying Exams, have maintained at least a 3.0 GPA in their graduate studies, and are still enrolled in classes. The scholarship is a $2,500 award and is intended for students who exemplify excellence in academic achievement in economics, particularly in the areas of public economics (Professor CM Fan’s field) and economic development (Professor LS Fan’s field).
Ozawa Graduate Scholarship recipient: Teresa Perry
Teresa is a 3rd year PhD student. The scholarship is awarded in recognition of Teresa’s academic accomplishments, as well as her ongoing effort in fostering the adoption of open-access resources in the Principles courses.
The Ozawa Scholarship was established in honor of Professor Emeritus Terry Ozawa. This award is intended for PhD students who have passed the QE, have maintained at least a 3.0 GPA in their graduate studies and are still enrolled in classes. Eligibility for this award also requires that students have presented a conference paper or participated in the ECON/DARE Graduate Workshop or the Western States Graduate Workshop. The amount of the scholarship is $2,000.
Today Dr. Shulman turned the page on his ten years as department chair. He has served us well.
“Some or even most of you have heard by now that I will finish as department chair when I complete my second term on June 30. Alex Bernasek will replace me. I am grateful to Alex and confident that she will prove to be a good leader for the department. Anita will replace her as Coordinator of Graduate Studies. On top of all that, Jenifer will retire in September. Next semester a new team will take the helm, marking a pivotal change for the department.
Our graduate program has prospered over the past ten years. The faculty has worked consistently to improve its academic content & structure. We have put more resources into the program, creating graduate student scholarships, offering online & classroom teaching opportunities & supporting conference travel. Funded research opportunities have significantly grown. We have not only survived, we have thrived as one of the few genuinely heterodox departments in the country. We offer our students a unique mix of intellectual perspectives & applied skills. Our job placement record is impressive & many of our students have gone on to successful careers. I am proud of what all of us have accomplished together.
As for my plans, I look forward to contributing to our teaching programs in some new ways, including playing a more active role in the principles system. I also hope to focus more on my role as the research director of the Center for the Study of Academic Labor. Come see me if you are interested in academic labor markets & the economics of higher education. Whatever your research interests, I would be glad to serve on dissertation committees, & to help you in whatever ways that I can.”