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The Trend Line
Dear alumni and friends of the department,  

This has been an extraodinary and eventful year for the department.  The popularity of our major keeps growing:  the number of declared majors has recently crossed the 600 mark. The overall demand for our classes this year has also been extraordinarily large. On the supply side, we were fortunate to make three new excellent faculty hires, Associate Professor Daniela Puzzello and Assistant Professors Filomena Garcia and Volodymyr Lugovskyy, and received authorizations from the College to recruit more new faculty in the coming year. The department organized conferences, including a major international conference in Public Economic Theory, research seminars and brought in outstanding external speakers for the benefit of our students and faculty. There were sad news too: the passing of Professor Roy Gardner.   Please read about some of these events below, and please keep coming back to the site as its is being regularly updated.      

Yours Truly,
Michael Kaganovich
Professor and Chair, Department of Economics
Intensive Writing and Research Course r /> for Students from Pusan National University, Korea
On July 18 a group of thirteen students, led by Professor Lee, arrived at the Department of Economics at Indiana University to participate in an intensive 16 day course.  The students majors are mostly Economics, but Accounting, Management Information Systems, Marketing and Finance are also represented. The purpose of the course is to help the students prepare their research for publication in international English language journal and for presentation in English language conferences.

Each day the students spend 4 to 5 hours in class. Classes consists of presentations by the instructor of record, Professor Glomm, discussions of research topics and research strategies, presentations by professors Alexeev and Lee, and, of course, multiple presentations by the students themselves.  The high lights of the course include a field trip to St Louis with a visit to the St. Louis Federal Reserve Bank, a trip to the top of the Gateway Arch, a St Louis Cardinals baseball game and victory over the Cubs, and a visit to the Meramec campus of St Louis Community College where the Campus President, George Wasson (an alumnus of the IU Department of Economics) and his staff welcomed us with incredibly generous hospitality.

The students will give their final research presentations on August 2 and 3. Each student will be awarded a certificate for completing the course.
The  12th Annual PET11 Conference concluded June 4th, 2011, at I.U. Bloomington. It was a great success and much appreciated by all. 

Thanks to the many participants that sent us their feedback, some of which you can read here.

See photos »


Opening session with Elinor Ostrom
Professor Eric Leeper's research on Fiscal Stress and Inflation is receiving more and more national and international attention. For a nice non technical description of this research program as well as a short bio of Professor Leeper see    http://www.nber.org/reporter/2011number2/2011no2.pdf. The National Bureau of Economic Research is widely considered to be the most prestigious research organization in the country and perhaps the world.
Professor Hans Werner Sinn, Professor of Economics and Public Finance, University of Munich, President of Ifo Institute for Economic Research, Director of CES – Center for Economic Studies, University of Munich, and of the IIPF (International Institute of Public Finance) will be presenting a series of lectures based on his recent book The Green Paradox. Appeal for an illusion-free climate policy, Econ: Berlin, 2008. These lectures will take place Monday October 3 at 4 pm, Tuesday October 4 at 4 pm in Wylie Hall 005. Professor Sinn's third lecture will be a part of a mini-conference on Environmental Policy on Friday, October 7.  Location: Tocqueville Room, Political Theory Workshop, 513 North Park Avenue.

Click Here for Conference Program »

Click here for Professor Sinn's and CESifo's profile, and here for an article about him.
Sue MedlandCongratulations to Sue Medland who received the 2011 Advisor of the Year award from the College for her work with the ever growing number of students in Economics; the award nominations are made by students. We always knew she was the best!

Excerpts from Chair’s Recommendation letter:
From the very first day Sue has jumped into her new position with enthusiasm. When Sue was hired, Economics as an academic discipline was something totally new to her. With seemingly endless energy and an untiring spirit she set out to learn about the peculiarities of the discipline, the content of the classes, the reason for the highly structured curriculum with strict prerequisites, internship opportunities, the job market prospects, and the linkages to other departments and programs. Sue attended classes and meetings, and she met frequently with me and the Director of Undergraduate Studies to learn about our program.

She always looks at the positive and bright side of things and brings out the best in her colleagues and in the students. The number of econ majors has risen substantially from about 200 when Sue started here in Economics to over 600 actively enrolled Econ majors now. I attribute a good portion of this increase in majors to Sue, her thoughtful and caring attitude.
The Conference on "Games: Theory and Applications" in memory of Professor Roy Gardner, who passed away on January 19, 2011, took place April 15, 2011. The invited speakers Frank Page, Christopher Waller, Subir Chakrabarti, Claudia Keser, and Jürgen von Hagen covered a wide spectrum of topics ranging from international capital flows, to the measuremnt of the shadow economy, experimental economics and game theory. At the reception the department announced a fund raising drive to establish the Roy L. Gardner Memorial Lecture Series in Microeconomics.  >> More Pictures
Kyle FletcherCongratulations: Kyle Fletcher wins Palmer-Brandon Prize in the Humanities! Kyle is a double major in Philosophy and Economics and is on track to graduate this coming May.  The Palmer-Brandon Prize is one of the major awards in to College of Arts and Sciences at IU. It is named for the late Ralph Graham Palmer of Washington, Ind., and his wife, the late Barbara Brandon Palmer, both IU alumni. The award was made possible by a gift to the College of Arts and Sciences in the 1980s. Winners can choose to apply the prize money directly to their tuition costs.
VolodymyrVolodymyr Lugovskyy, Georgia Institute of Technology, has accepted our offer for a position as an assistant professor and will be joining our department in the fall. His research focuses on international trade and experimental economics. For more information see his CV at http://www.econ.gatech.edu/people/faculty/lugovskyy. We are delighted that he has accepted our offer and look forward to having him join our department.
FilomenaFilomena Garcia, Technical University of Lisbon, has accepted our offer for a position as an assistant professor and will be joining our department this coming fall. Her research focuses on industrial organization, game theory, matching and networks. For more information see her CV at http://pascal.iseg.utl.pt/~fgarcia/ . We are delighted that she has accepted our offer and look forward to having her join our department.
Roy GardnerProfessor Roy J. Gardner passed away unexpectedly on Monday, January 10, 2011 at his residence in Bloomington.  He was 63 years old.  He recently retired from Indiana University where he had been since 1983.  He held the titles of Chancellor’s Professor of Economics (since 1996) and Henry H. H. Remak Professor of West European Studies (since 2004).  Roy specialized in the theory of games and economic behavior.
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Todd WalkerProfessor Todd Walker's research attracts national attention. His article on the Rooney Rule in the NFL was recently cited in the New York Times Freakonomics blog and in the IU News.
Daniel Schuster wins HHC Burnett/Masters Junior Scholars Award!    Full Story »
AwardsEconomics Department Awards Presentations for 2010.



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MahuadFormer President of Ecuador, Jorge Jamil Mahuad spoke at I. U. Bloomington on March 25th, explaining the complex economic conditions he faced as President of Ecuador from 1998-2000, and drawing many parallels to many conditions being faced by President Obama in the United States today.

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Elinor OstromElinor (Lin) Ostrom, Arthur F. Bentley Professor of Political Science was awarded the 2009 Nobel Prize in Economic Sciences "for her analysis of economic governance, especially the commons". 

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Rubiana 
ChamarbagwalaProfessor Rubiana Chamarbagwala was awarded a Eunice Kennedy Shriver National Institute Of Child Health & Human Development (NICHD) Grant for 2009-2011 to study "Sub-Caste Identity, Inter-Generational Transmission, and Offspring Sex-Selection in India". 
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Themester, 
Fall 2009Themester is a new and exciting initiative in the college of Arts and Sciences for the undergraduate students. The theme for fall 2009 was "Evolution, Diversity, and Change"

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Alumni ReunionThe department organized its first Alumni Reunion in November. The department hosted a brunch and Dr. Dale Henderson delivered a policy lecture on The Financial Crisis: The Ins and the Outs. While the size of the first alumni reunion was modest, we are already working on preparations for the second reunion on October 16, 2010, so please mark your calendars. Full Story »
Number of Econ majorsThe last few years have seen a tremendous increase in the number of economics majors.

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