Flowering trees in front of academic building with a bike rider

Final Economics Honors Thesis Presentations

April 2024

Seniors in the economics honors program will give their final presentation and defense of their thesis to the faculty, fellow students and guests.

Light refreshments will be served.

Day 1: Wednesday, April 24, 4:00-6:30PM in Chapin 201
Day 2: Thursday, April 25, 4:00-6:45PM in Chapin 201

Chair under trees in shade in front of field

Prof. Reyes published in MJRL

April 2024

Professor Reyes and Professor Rene Reyes of Suffolk University Law School article Abolition Economics was published in the Michigan Journal of Race & Law.

Two people walking by a flowering tree and building

Economics Alumni awarded NSF fellowships

April 2024

The National Science Foundation recently awarded Graduate Research Fellowships (GRFP) to two economics alums: Charlie Smith '19 and Juanita Jaramillo '22. Charlie is a Ph.D. student in finance and economics at the University of Wisconsin-Madison and Juanita is starting her Ph.D. in economics and public policy in Fall 2024 at the University of Michigan.

At Amherst both were recipients of the department's James R. Nelson Prize awarded to the senior who has written a distinguished honors thesis that applies economic analysis to an important question of public policy.

"The NSF Graduate Research Fellowship Program (GRFP) is to help ensure the quality, vitality, and diversity of the scientific and engineering workforce of the United States. A goal of the program is to broaden participation of the full spectrum of diverse talents in STEM."

 

Man teaching a class

Introducing the Economics Resource Center

February 2024

The economics department has a newly updated resource center located in our computer lab in Converse 311. Econ major Eliza Williams 26 has been curating and updating materials on graduate programs, internships and other educational programs. We invite you to browse (in the seating area behind the computers) for available opportunities. You can also take a look at the bulletin board in the hallway outside the offices of Profs Sims, Kingston and Ishii for additional options you may be interested in pursuing.

F24 New Economics Courses

ECON 227
International Trade
Prof. Wang
227-01 TTh 10-11:20
227-02 TTh 1-2:20

This course will examine the patterns, causes, and consequences of international trade. We will begin by exploring empirical data on international trade, addressing questions such as: How has trade evolved over time? Which countries exhibit trade deficits or surpluses? And which country pairs trade more than others? Moving forward, we will use classic models of international trade to discuss the determinants of trade patterns. Key questions we will address include: Why and how much do nations trade? What factors determine the composition of exported goods of a given country? Subsequently, we will analyze the impact of international trade, particularly its effects on welfare, wages, employment, and inequality. We will examine who may benefit and who may lose as a result of opening to trade. In the final section, we will discuss the implications of various trade policies, including tariffs, quotas, export subsidies, and trade agreements. Throughout the course, we will emphasize the application of theoretical frameworks to explain trade patterns observed in data and to analyze the impact of trade openness and policies. Students will actively participate in discussions and write policy briefs. Requisite: ECON 111/111E. Limited to 25 students. Fall and spring semesters. Professor Wang.

ECON 426
Economics of Work and Family
Visiting Fellow Prof. Kelly Ragan, Stockholm School of Economics
TTh 1-2:20PM

This course explores—empirically, historically, comparatively, and theoretically—the changing significance, timing, and meaning of work, career, dating, cohabiting, marriage, family, and other personal economic decisions. Readings and assignments will emphasize empirical, quantitative, and theoretical analysis of these topics as well as important underlying mechanisms, such as contraceptive access and social norms, in shaping economic decisions. The course will involve students in the creative process of researching, writing, and presenting original research using primary sources (often large-scale, cross-section data sets). The analytical tools developed in the classroom will be applied to current policy discussions related to The Economics of Work and Family using current media sources. Requisite: ECON 300/301, ECON 360/361. Limited to 15 students. Fall semester. Visiting Fellow Kelly Ragan, Stockholm School of Economics.

S24 New Economics Courses

ECON 276
Well-Being and Economic Thought
Prof. Barbezat
MW 2:30-3:50

“Economics” is often defined as the study of the allocation of scarce resources. But what do we want to achieve from this allocation? We seem to want some idea of well-being – either for ourselves, certain groups or for a society at large. Economics is essentially the study of how we and the societies around us provide opportunities (sometimes only for selected groups…) to attain and sustain well-being given the constraints faced. This course analyzes the idea of economic “well-being” (utility) and examines the different ways in which the history of economic thought has conceived of well-being from antiquity to the present day, in part to study how these conceptions of well-being have affected economic analysis. We will examine the long history of this question with an emphasis on the contemporary period, looking carefully at neoclassical thought and its “heterodox” critics. Requisite: ECON 111/111E or its equivalent. Limited to 30 students. 

ECON 429 
Geospatial Analysis in Development Economics
Prof. Gebresilasse
MW 2:30-3:50

In this course, we will explore key development topics with a focus on research papers that use geospatial analysis to answer fundamental questions related to economic development. Geospatial analysis has been applied in economic research to examine an array of factors that shape economic development including roads, internet access, trade links, institutions, slavery, climate change, and inequality. We will carefully read a selection of journal articles that employ geospatial analysis, paying close attention both to the important economic insights as well as the econometric and geospatial methodologies employed in the articles. The course will begin with an introduction of the main types of datasets, tools and techniques employed in geospatial analysis using R programming language. In addition to carefully studying and discussing selected research papers that apply geospatial analysis, students will also replicate some of the analyses presented in these papers. Overall, the course aims to familiarize students with the application of geospatial analysis in cutting-edge economic research and enable them to develop an original research project that makes use of the tools and techniques explored in the course. Requisite: ECON 300/301 and ECON 360/361. Limited to 15 students. 

How to Declare an Economics Major

**PLEASE NOTE: Economics declarations may take up to two weeks to process in S24. Please plan accordingly**

There are several steps you must complete to declare a major in economics: 

  1. Have an email or other documentation from your current academic advisor approving your economics major declaration.
  2. Submit an "Intent to Declare Economics" Google form.
  3. Log on to Workday to select "Add Program of Study." 

Please note the following:

  • If you would like a particular member of the economics faculty to be your advisor you must contact them and discuss being added to their roster. Only with faculty approval can you be added to a requested professors roster, otherwise you will be assigned a department advisor.
  • You must complete the three steps listed above or your declaration cannot be processed.
  • You will be notified when your declaration has been completed and your new advisor assigned.

Winners of our "How Many Hershey Kisses?" Contest!

Johnson Chapel with Autumn Leaves

At our second annual Autumn Reception on September 14, four students won prizes for having the closest guesses to the number of Hershey's Kisses in one jar (172 was the magic number.) Congratulations to Rory Zhang 27 (1st), Aryen Shrestha 23 (2nd), Guilherme Santos Rocha 24 (3rd) and Shreya Mathew 25 (4th)!

S24 STATA TA Hours

Onupurba Das, Economics PhD candidate in the Department of Resource Economics at University of Massachusetts will continue hosting weekly STATA office hours this semester in the economics computer lab (Converse 311): 
  • Mondays 4-7 pm
  • Tuesdays 4-7 pm
  • Thursdays: 4-8 pm
Man in glasses smiling

Prof. Hyman presenting research paper at NBER Fall 2023 meeting

November 2023

Professor Hyman's research paper College Counseling in the Classroom: Randomized Evaluation of a Teacher-Based Apprach to College Advising was selected to be presented at the prestigious National Bureau of Economic Research (NBER) Economics of Education Fall 2023 meeting. See the meeting agenda and watch Prof. Hyman's presentation live-streamed at the NBER YouTube channel on Thursday, November 30th at 9:00AM in the links below

 

 

Man in glasses smiling

Prof. Hyman cited in 2023 Economic Report of the President

March 2023

The Biden-Harris Administration recently released the 2023 Economic Report of the President together with the Annual Report of the Council of Economic Advisers and cited Prof. Hyman's research. You can find his work on the following pages:

  • Gershenson et al., 2022, cited on page 164 and listed in the references on page 349
  • Hyman, 2017, cited on page 174 and listed in the references on page 351

New economics courses for S23

ECON 205  **Sophomore Seminar**
Pluralist Economics
Prof. Reyes 
TTh 11:30-12:50

Mainstream economics is fundamentally neoliberal, employing narratives of meritocracy to explain, normalize, and justify racial capitalism and the inequality and exploitation it inevitability produces.  Pluralist economics provides alternative explanations and understandings, directly challenging the conceptualizations, models, methods, values, topics, and pedagogy of economic practice.  This sophomore seminar engages students in an exploration of pluralist economics. Examples of pluralist approaches include: feminist economics, critical race theory, stratification economics, Marxist economics, cooperative economics, behavioral economics, institutional economics, and abolition economics.  Given the interweaving of mainstream economics, capitalism, and white supremacy, this engagement with pluralist approaches entails an uncovering of and challenge to racist capitalist logics that are central to both economics and the economy.  Together, we will endeavor to build a thoughtful, creative, and flexibly pluralist approach to our work as economic thinkers. REQUISITE: ECON 111/111E. Limited to 15 students.

ECON 450 
Monetary Theory and Policy
Prof. White
MW 12:30-1:50

The way a society creates and distributes money has a large impact on people’s income, wealth, employment opportunities, and financial security more generally. In this course, we will study modern monetary institutions and their impact on the economy. We will use both empirical and theoretical frameworks to address questions like: What causes inflation? How do interest rate changes affect employment? and How should policymakers decide what actions to take? We will examine the operational aspects of modern central banks as well as how and why the banks have evolved over time. We will also assess central bank tools to address inequality and climate change. Students will read research papers, follow current policy debates and decisions, and engage in independent research projects. REQUISITE: ECON 330/331, ECON 360/361. Limited to 15 students.

Ariana Rodriguez 24 in The Amherst Student

October 2023

Economics and Education Studies major Ariana Rodriguez is featured in this week's Amherst Student feature Thoughts on Theses. Ariana traveled home to El Salvador this summer with funding from the Economics Department Summer Fellowship program to embark on research for her thesis on public school nutrition programs.

Fall 2023 Wait Lists for ECON 111

ECON 111/111E Wait Lists are maintained by the faculty. Please submit your request via Google Form to be wait listed. Note that there is no guarantee a spot will open up.

Further information about ECON 111 can be found at Getting Started in the Major.

Fall 2023 Economics Department Proficiency Exam

The F23 Economics Proficiency Exam is self scheduled in the following time frame: Monday, September 4th at 12AM -Wednesday, September 6th at 11:59PM. You may take it at any point between these dates. Details about the exam can be found on the Economics Proficiency Exam - Fall 2023 Google Form.

Audrey Cheng '20 Published in JEEM

August 2023

Amherst Economics alum Audrey Cheng '20 has been published in the recent issue of Journal of Environmental Economics and Management. The paper began as her Amherst College thesis Conservation and Development in China's Nature Reserves: Win-Win or Trade-Offs? Her co-authors are her thesis advisor Kate Sims, Professor of Economics and Environmental Studies at Amherst and YuanYuan Yi of China Center for Economic Research, National School of Development at Peking University. Cheng is currently a student at Harvard Law School.

student haoran tong standing for portrait

Haoran Tong '23: "The Pride of Amherst"

August 2023

In May Haoran Tong '23 was highlighted in Behind the Scenes: Senior Theses Projects for his work on two theses, one for LJST and one for Economics. And in August Amherst Magazine featured his impressive work and accomplishments as an undergrad in an article titled The Pride of Amherst. Tong is also the 2023 recipient of The James R. Nelson Memorial Award, presented to that senior who, in the opinion of the Economics Department, has achieved excellence in the study of economics while pursuing a broad liberal education.

Man teaching a class

Prof. Gebresilasse joins Provost's summer trip to South Africa

August 2023

At the start of the summer Prof. Mesay Gebresilasse along with other Amherst faculty and administrators joined Provost Epstein on a trip to Cape Town. They visited the University of Cape Town the top university in Africa to meet with faculty and administrators, and spent time exploring the University's study-away programs for potential future partnerships with Amherst. Prof. Gebresilasse has been a member of the economics department since 2019 and his areas of economic expertise are in development and applied microeconomics.

Professor Theoharides

Professor Theoharides featured on NPR Marketplace

August 2022

Prof. Theoharides was recently interviewed for NPR's Marketplace feature Ukrainians Abroad Find New Ways to Send Money Back Home.

Man in glasses smiling

Professor Hyman published in AEA Journal

November 2022

The November edition of the American Economic Journal: Economic Policy feautures Prof. Hyman's paper The Long-Run Impacts of Same-Race Teachers.

Economics Department Prizes and Awards 2022

Congratulations to our majors for their achievements!

The Bernstein Prize funded by a gift from the Bernstein family in honor of the work their son did at Amherst College is awarded to the senior who, in the opinion of the Economics Department and the Dean of the Faculty, has done particularly outstanding honors work in economics: Juanita Jaramillo 22, Aaron Rennert 22

The James R. Nelson Prize is awarded to the senior who, in the opinion of the Economics Department, has written a distinguished honors thesis that applies economic analysis to an important question of public policy: Juanita Jaramillo 22, David Xu 23E

The James R. Nelson Memorial Award is presented to that senior who, in the opinion of the Economics Department, has achieved excellence in the study of economics while pursuing a broad liberal education: Ruby Hastie 22, Benjamin Newman 22

The Jeanne Reinle Prize named after Jeanne Reinle, the Academic Department Coordinator of the Economics Department for 30 years, whose inviting and engaging presence welcomed and supported generations of Amherst Economics students and faculty, is awarded to the senior who, in the opinion of the Economics Department, exemplifies a commitment to building community in the Economics Department and a passion for Economics: Abdullah Brown-El 22, Juanita Jaramillo 22, Ella Peterson 22, Aaron Rennert 22

The Economics Department Junior Class Prize to be awarded to that member of the junior class who, in the opinion of the Economics Department, has achieved a record of excellence in the study of economics at Amherst College: Sara Kao 23, Yee-Lynn Lee 23, Aiqi Sun 23

The Hamilton Prize which was established by his former students in memory of Professor Walton Hale Hamilton, distinguished member of the Department of Economics from 1915-1923, is awarded to that first year student who ranks highest in the economics courses he or she has taken: Marius Cotorobai 25, Allison Deegan 24, Roman Moniz 25


Economics Department Prizes and Awards 2023

Congratulations to our majors for their achievements!

The Bernstein Prize funded by a gift from the Bernstein family in honor of the work their son did at Amherst College is awarded to the senior who, in the opinion of the Economics Department and the Dean of the Faculty, has done particularly outstanding honors work in economics: Sara Kao 23

The James R. Nelson Prize is awarded to the senior who, in the opinion of the Economics Department, has written a distinguished honors thesis that applies economic analysis to an important question of public policy: Xinyu Ni 23

The James R. Nelson Memorial Award is presented to that senior who, in the opinion of the Economics Department, has achieved excellence in the study of economics while pursuing a broad liberal education: Haoran Tong 23

The Jeanne Reinle Prize named after Jeanne Reinle, the Academic Department Coordinator of the Economics Department for 30 years, whose inviting and engaging presence welcomed and supported generations of Amherst Economics students and faculty, is awarded to the senior who, in the opinion of the Economics Department, exemplifies a commitment to building community in the Economics Department and a passion for Economics: Maira Owais 23, Ella Steciuk 23

The Economics Department Junior Class Prize to be awarded to that member of the junior class who, in the opinion of the Economics Department, has achieved a record of excellence in the study of economics at Amherst College: Aidan Cook 24, Ernest Protas 24, Gillian Richard 24, Aryen Shrestha 24

The Hamilton Prize which was established by his former students in memory of Professor Walton Hale Hamilton, distinguished member of the Department of Economics from 1915-1923, is awarded to that first year student who ranks highest in the economics courses he or she has taken: Winton Garrelts 26, Andrew Glassford 26, Ivy Haight 25, Rhine Hazra 26

Department of Economics invites seniors and their guests to a reception for majors on saturday may 27 five pm to six thirty pm

Class of 2023 Reception for Majors

May 2023

The Department of Economics invites the Class of 2023/23E and their guests to a reception for majors on Saturday, May 27 from 5:00-6:30PM in the Nicholson Economics Common Room (Converse 306).

Light refreshments and bar.

Economics Anti-Racism Statement

The Department of Economics is committed to creating learning environments that are inclusive, anti-racist, and supportive of open inquiry and debate. We are deeply concerned about student experiences regarding diversity, equity, and inclusion in our major. While we have been working hard to listen, innovate, and improve, we know there is much to be done.
We have written an Open Letter to students on Anti-Racism and plan to host meetings in the fall semester to listen to students and discuss this ongoing work. We look forward to being in conversation with you this Fall!
Chapel building with sun on it and trees around it

Final Economics Honors Thesis Presentations

April 2023

Seniors in the economics honors program will give their final presentation and defense of their theses to the faculty, fellow students and guests. 

Light refreshments will be served.

Day 1: Wednesday, April 26, 4:00-6:30PM in Paino (Beneski)
Day 2: Thursday, April 27, 4:00-6:30PM in Paino (Beneski)

susan dynarski profile

The Power of Promising Free Tuition

Susan Dynarski, Harvard Graduate School of Education

Date: Wednesday, April 12, 2023
Time: 5:00-6:00 p.m.
Location: Stirn Auditorium, Mead Museum

Professor Dynarski, herself a first-generation college graduate, will speak on financial aid and increasing college access for disadvantaged students. Her lecture is sponsored by Amherst's Department of Economics, the Education Studies Program, the Lamont and Eastman Lecture Funds, and the Provost and Dean of the Faculty's Office.

Susan Dynarski is Patricia Albjerg Graham Professor of Education at Harvard University. She is a faculty research associate at the National Bureau of Economic Research, a member of the National Academy of Education, a member of the American Academy of Arts and Sciences, and a Carnegie Fellow. Dynarski’s research focuses on reducing inequality in education. She has consulted on education and tax policy with the Federal Reserve Board of Governors, Consumer Financial Protection Bureau, White House, Treasury, and the Department of Education. She has testified to the US Senate Finance and HELP Committees, the US House Ways and Means Committee, and the President's Commission on Tax Reform.

If you have any questions about this event, please contact Professor Joshua Hyman at jhyman@amherst.edu

Man in glasses smiling

Recent New York Times piece cites two studies by Professor Hyman

September 2022

A recent article on the front page of the New York Times links to two studies by Prof. Joshua Hyman about the effects of increased school funding for disadvantaged school districts. Find the citations in the article by searching “Reduce local property taxes” and “show the gains.”

Senior Thesis Presentations - Nov 29 and Dec 1

Seniors in the economics honors seminar will present their thesis proposals to department faculty and fellow students. Come hear about your peers' proposed research and gain insight into the economics thesis process over two days of presentations.
Guests welcome for the entire time, or feel free to drop in when you can, leave when you must.
Light refreshments will be served.
Tuesday, November 29 and Thursday December 1 from 4-6PM in Pruyne Lecture Hall (Fayerweather 115)

AY22-23 Planned course offerings in economics

Fall 2022:

  • 111 Intro sections
  • 3XX Core courses including 361 Adv Econometrics (Ishii)
  • 218 Inequality in the U.S. (Hyman)
  • 224 Intro to Economic Networks (Porter)
  • 250 Money & Banking (White)
  • 271 Economic History of U.S. (Barbezat)
  • 414 Urban Economics (Ishii)
  • 416 Economics of Race & Gender (Reyes)
  • 420 Game Theory (Kingston)
  • 453 Economics of Entrepreneurship (Blackwood)
  • 498 Thesis seminar (Hyman)

Spring 2023 (proposed but not finalized):

  • 111 Intro sections including 111E
  • 2XX Sophomore seminar (Reyes)
  • 3XX Core courses including 301 Adv Microeconomics (Ishii), 331 Advanced Macroeconomics (Blackwood)
  • 4XX Course (White)
  • 207 Economics & Psychology (Guzman)
  • 211 Anti-Racist AntiEconomics (Reyes)
  • 220 Public Choice (Kingston)
  • 224 Intro to Economic Networks (Porter)
  • 225 Industrial Organization (Ishii)
  • 419 Education and Inequality (Hyman) 
  • 471 Economic History (Barbezat)
  • 479 Institutions & Governance (Kingston)

Declaring an economics major: in-person and remote options

For Spring 2022 economics major declarations can be processed in person or remotely.

Before you declare please have these required documents:

1. Declaration of Major Form from the Registrar's Office (completed as much as possible)
2. Copy of your transcript from ACData
3. Email from your current academic adviser approving your economics major declaration

Then follow these steps:

1. In-person declaration: Bring required documents to Amy Johnson, Economics Academic Department Coordinator in Converse 306-A. You will receive a department shirt at time of declaration.

2. Remote declaration: Complete the Google form linked below. You will receive an email confirming your declation is processed and a department shirt in campus mail.

Please Note: You do not need to seek the signature of the department chair - that will be handled by the ADC while processing your declaration.

Professor Theoharides upcoming publications

Prof. Theoharides has two joint papers recently accepted for publication:

Medical Worker Migration and Origin-Country Human Capital: Evidence from U.S. Visa Policy at Review of Economics and Statistics. She presented this at NBER Summer Institute Development meetings this summer. 

Child Labor and Economic Development at the Handbook of Labor, Human Resources and Population Economics.

Professor Gebresilasse on VoxDev podcast

In a VoxDev Development Economics podcast, Prof. Mesay Gebresilasse discusses his work which examines the complementarities in the effects of expansions in rural roads and extension programs on agricultural productivity.

AY22-23 Planned course offerings in economics

In Fall 2022:

  • 111 Intro sections
  • 3XX Core courses including 361 Adv Econometrics (Ishii)
  • 218 Inequality in the U.S. (Hyman)
  • 224 Intro to Economic Networks (Porter)
  • 250 Money & Banking (White)
  • 271 Economic History of U.S. (Barbezat)
  • 414 Urban Economics (Ishii)
  • 416 Economics of Race & Gender (Reyes)
  • 420 Game Theory (Kingston)
  • 453 Economics of Entrepreneurship (Blackwood)
  • 498 Thesis seminar (Hyman)

In Spring 2023 (proposed but not finalized):

  • 111 Intro sections including 111E
  • 2XX Sophomore seminar (Reyes)
  • 3XX Core courses including 301 Adv Microeconomics (Ishii), 331 Advanced Macroeconomics (Blackwood)
  • 4XX Course (White)
  • 207 Economics & Psychology (Guzman)
  • 211 Anti-Racist AntiEconomics (Reyes)
  • 220 Public Choice (Kingston)
  • 224 Intro to Economic Networks (Porter)
  • 225 Industrial Organization (Ishii)
  • 419 Education and Inequality (Hyman) 
  • 471 Economic History (Barbezat)
  • 479 Institutions & Governance (Kingston)

 

Economics Department Prizes and Awards 2021

Congratulations to our majors for their department prizes!

The Bernstein Prize funded by a gift from the Bernstein family in honor of the work their son did at Amherst College is awarded to the senior who, in the opinion of the Economics Department and the Dean of the Faculty, has done particularly outstanding honors work in economics: Claire Holleman 21, Sean Gao 21

The James R. Nelson Prize is awarded to the senior who, in the opinion of the Economics Department, has written a distinguished honors thesis that applies economic analysis to an important question of public policy: Emily Kiernan 21, Kevin Ma 21

The James R. Nelson Memorial Award is presented to that senior who, in the opinion of the Economics Department, has achieved excellence in the study of economics while pursuing a broad liberal education: Seamus Lawton 21, Andrew Swenson 21, Yujing (Crystal) Zhou 21

The Jeanne Reinle Prize named after Jeanne Reinle, the Academic Department Coordinator of the Economics Department for 30 years, whose inviting and engaging presence welcomed and supported generations of Amherst Economics students and faculty, is awarded to the senior who, in the opinion of the Economics Department, exemplifies a commitment to building community in the Economics Department and a passion for Economics: Ahliaa Moore 21, Andrew Swenson 21

The Economics Department Junior Class Prize to be awarded to that member of the junior class who, in the opinion of the Economics Department, has achieved a record of excellence in the study of economics at Amherst College: Naya Burshan 22, Aaron Rennert 22, David Xu 22

The Hamilton Prize which was established by his former students in memory of Professor Walton Hale Hamilton, distinguished member of the Department of Economics from 1915-1923, is awarded to that first year student who ranks highest in the economics courses he or she has taken: Sara Kao 23, William Marshall 24, Lucas Romualdo 24

Economics Department hosts Ray Lopez 99 for Family Day 2021

As part of Amherst College Family Day 2021 the Department of Economics hosted a virtual presentation by Ray Lopez Class of 1999. Ray is Director of Programs, Little Sisters of the Assumption Family Health Service, Inc. and he shared his organization's efforts to both provide essential services and engage in systems change work in East Harlem, NYC.

Click to watch Facing Root Causes Together: A Community Based Organization's Efforts to go Beyond Basic Service Provision and Create Lasting Community Improvements  

 

Economics Department Prizes and Awards 2020

Congratulations to our majors for their department prizes!

The Bernstein Prize funded by a gift from the Bernstein family in honor of the work their son did at Amherst College is awarded to the senior who, in the opinion of the Economics Department and the Dean of the Faculty, has done particularly outstanding honors work in economics: Audrey Cheng 20, Emily Young 20

The James R. Nelson Prize is awarded to the senior who, in the opinion of the Economics Department, has written a distinguished honors thesis that applies economic analysis to an important question of public policy: Jackson Herrick 20, Morgan Yurosek 20

The James R. Nelson Memorial Award is presented to that senior who, in the opinion of the Economics Department, has achieved excellence in the study of economics while pursuing a broad liberal education: Alejandra Castro 20, Peyton Lane 20

The Jeanne Reinle Prize named after Jeanne Reinle, the Academic Department Coordinator of the Economics Department for 30 years, whose inviting and engaging presence welcomed and supported generations of Amherst Economics students and faculty, is awarded to the senior who, in the opinion of the Economics Department, exemplifies a commitment to building community in the Economics Department and a passion for Economics: Kelly Chian 20, Ralph Skinner 20

The Economics Department Junior Class Prize to be awarded to that member of the junior class who, in the opinion of the Economics Department, has achieved a record of excellence in the study of economics at Amherst College: Pedro Balduino Morais 21, Sirig Gurung 21, Seamus Lawton, 21, Andrew Swenson 21, Yujing (Crystal) Zhou 21

The Hamilton Prize which was established by his former students in memory of Professor Walton Hale Hamilton, distinguished member of the Department of Economics from 1915-1923, is awarded to that first year student who ranks highest in the economics courses he or she has taken: Quentin Jeyaretnam 23, Yee-Lynn Lee 23, David Xu 22

Lauren Pelosi 22 paper on Covid published

Economics major Lauren Pelosi's paper Investing Altruistic Demand During COVID was recently feaured in the 2021 edition of Equilibria: Duke Economics Review.

Economics alums receive National Science Foundation fellowships

The following alums were recently announced as recipients of Graduate Research Fellowships from the National Science Foundation:

Julia Yates 16 (Social Sciences - Economics), Hannah Firestone 19 (Social Sciences - Economics), Jamie Tucker-Foltz 19  (Comp/IS/Eng - Algorithms and Theoretical Foundations) and Julia Turner 19 (Social Sciences - Public Policy) all won National Science Foundation Awards. 

Congratulations to all!

Eric Budish 00 published in Wall Street Journal

Class of 2000 economics major Eric Budish had an op-ed in a recent issue of the Wall Street Journal, Bigger is Better When it Comes to Vaccine Production.

Andrew Swenson 21 in "Thoughts on Theses"

Senior economics major Andrew Swenson was recently featured in the Amherst Student "Thoughts on Theses" column. Andrew is writing a thesis "...at the intersection of urban economics and industrial organization economics" and is advised by Professor Ishii.

 

Felix Stetsenko 19 published in Undergraduate Economic Review

Recent alum Felix Stetsenko's paper Raise the Seawalls: Local Governments and Flood Protection was recently published in the Undergraduate Economic Review published by Illinois Wesleyan University.

Professor Gebresilasse's working paper in NBER

Prof. Gebresilasse has a working paper (pre-publication) at the National Bureau of Economic Research, Rugged Individualism and Collective (In)action During the COVID-19 Pandemic.

 

Access to "The Economist"

The economics department will be discontinuing our hard copy subscription to "The Economist" for the duration of remote learning.

The college has access to the publication online so you can continue to read it for news and research. 

If you have questions or problems regarding this publication or access to it, contact Dawn Cadogan, Social Sciences Librarian at Frost: dcadogan@amherst.edu

Juan Agudelo 22 wins AEA award

photo of economics major Juan Agudelo

Award was given virtually

Economics major Juan Agudelo attended the 2020 virtual American Economics Association Summer Program where he received the Ron Oaxaca Award for Best Paper with his work "The Untold Story of the School-to-Prison Pipeline: Police Officers and In-school Arrests" co-authored with Sara Torres-Inda.  Congratulations to Juan from the economics department!

Read more

Important update for junior and senior economics majors

In response to the COVID-19 situation, current junior and senior majors who are full-time students in both Fall and Spring of 2020-2021 can graduate with one fewer economics course, for a total of 8 economics courses for non-thesis writers and 9 for thesis writers. All majors will still be required to take the core economics courses (Microeconomic Theory, Macroeconomic Theory, and Econometrics) and all majors still must take at least one 400 level course, and thesis students are still required to take at least two 400 level courses.

Audrey Cheng 20 featured in Commencement issue of The Amherst Student

New alum Audrey Cheng 20 finished a dual major of economics and music and is headed to Yale Law School as a pre-doctoral fellow. Congratulations to Audrey!

Professor Theoharides featured in BBC World News

Prof. Theoharides was recently featured in a report on BBC World Business Report explaining Covid-19's impact on remittances. Her segment begins at 14:48.

Economics Department Prizes and Awards 2019

Congratulations to our majors for their department prizes awarded on May 8th!

The Bernstein Prize funded by a gift from the Bernstein family in honor of the work their son did at Amherst College is awarded to the senior who, in the opinion of the Economics Department and the Dean of the Faculty, has done particularly outstanding honors work in economics: Simon Essig Aberg 19, Mujin Choi 19

The James R. Nelson Prize is awarded to the senior who, in the opinion of the Economics Department, has written a distinguished honors thesis that applies economic analysis to an important question of public policy: Charles Smith 19, Julia Turner 19

The James R. Nelson Memorial Award is presented to that senior who, in the opinion of the Economics Department, has achieved excellence in the study of economics while pursuing a broad liberal education: Hayes Honea 19

The Jeanne Reinle Prize named after Jeanne Reinle, the Academic Department Coordinator of the Economics Department for 30 years, whose inviting and engaging presence welcomed and supported generations of Amherst Economics students and faculty, is awarded to the senior who, in the opinion of the Economics Department, exemplifies a commitment to building community in the Economics Department and a passion for Economics: Hannah Firestone 19

The Economics Department Junior Class Prize to be awarded to that member of the junior class who, in the opinion of the Economics Department, has achieved a record of excellence in the study of economics at Amherst College: Jackson Herrick 20, Peyton Lane 20, Morgan Yurosek 20

The Hamilton Prize which was established by his former students in memory of Professor Walton Hale Hamilton, distinguished member of the Department of Economics from 1915-1923, is awarded to that first year student who ranks highest in the economics courses he or she has taken: Sarah Kim 21, Sophia Fikke 22, Aaron Rennert 22, Benjamin Stick 22

Some fun facts about Amherst College Economics!

In "A Snapshot of the Resilient Class of 2020" the economics department is cited as one of the top six most declared majors at Amherst as well as being one of five departments to have the largest number of students graduating with honors (14 this year!)

Professor White featured in article on "Covid in the Classroom"

Prof. White's Spring 2020 Macroeconomics course took some unplanned paths to assess the impact of COVID-19 on the economy as it was happening.

 

Amherst Alum Writes COVID-19 Children's Book Available for Free

Dr. Adam Block '99 and his wife Dr. Lauren Block have recently released a free children's book on COVID-19:

Discover along with eight-year-old Kelly the science behind the COVID-19 illness, viral transmission, basic epidemiology, and social distancing needed to protect your kids and community. Dr. Lauren Block MD MPH, a primary care physician and medical educator and Dr. Adam Block PhD, a health economist and public health professor, are parents of three curious kids.

After months treating COVID-19 patients in New York City this is what we teach our children about the science behind the COVID-19 pandemic.  This is the only children's book that goes into depth on the science behind the spread of coronavirus, how the virus causes the symptoms it does, and how vaccines contribute to herd immunity. You and your children will understand why the virus spreads so rapidly, how handwashing and social distancing can prevent transmission, how kids can help others during the pandemic, how people who become ill are treated in the hospital, and how you can protect your family from infection.

Professor Hyman published in JPAM

Professor Hyman was recently published in the Journal of Policy Analysis and Management: Can Light-Touch College-Going Interventions Make a Difference? Evidence from a Statewide Experiment in Michigan.

The issue is available to read in Nicholson Commons (Converse 306).

Economics students attend Sadie Alexander conference

Three students who attended Sadie Alexander Conference in Washington DC
(l to r): N Semwaga 22, M Roberts 23, C Henry 22

"Vision 20/20: Restore, Revive, Reclaim"

In February the Economics Department sponsored three students to attend the second annual Sadie T.M. Alexander Conference for Economics and Related Fields in Washington DC. Natasha Semwaga '22, Maya Roberts '23 and Cynthia Henry '22 attended keynotes and break-out sessions at the Urban Institute and reported there were exciting opportunities for learning and networking. The conference is presented by the Sadie Collective - per their website: "Founded by Anna Gifty Opoku-Agyeman and Fanta Traore, and co-led by an incredible team of young Black women, the Sadie Collective is named after Sadie Tanner Mossell Alexander, the first African American to earn her doctoral degree in economics in 1921 from the University of Pennsylvania... ​Our organization aims to bring together Black women at different stages in their academic and/or professional careers in quantitatively demanding fields such as economics, finance and public policy. The Collective provides resources, programs and a community to Sadie Collective members and advocates for broader visibility in the field."

Learn more

Professor Theoharides class on migration in Amherst News

Professor Caroline Theoharides Fall 2019 course, Economics of Migration is featured in recent news about Amherst College.

Journal of Economic Perspectives recommended articles for student reading

In 2018 the Journal of Economic Perspectives (JEP) from the American Economics Association asked members to share articles they use in their course syllabi. Their findings were compiled in the Summer 2019 issue and can be found under the Resources tab in our department menu.

Sen. Kamala Harris cites Prof. Hyman's Research in Democratic Debate

Senator Kamala Harris cited the results of a study by Professor Josh Hyman during the September 12th Democratic Debate that black students who have a black teacher during elementary school are more likely to attend college.

You can read Prof. Hyman's study here.

Lucas Davis 96 on new Mexican environmental policy

Lucas Davis 96, Professor in Business and Technology at the Haas School of Business at the UC Berkeley recently presented on Mexico Goes Backward on Renewables.

Julia Turner 19 joins School Effectiveness & Inequality Initiative

Class of 2019 graduate Julia Turner has joined the School Effectiveness & Inequality Initiative at the Massachusetts Institute of Technology as a Research Fellow. Julia's senior honors thesis was titled, "The Impact of Resegregation on the Racial Achievement Gap: Insights from Seattle."

Professor Theoharides work in Innovations for Poverty Action

Professor Theoharides case study on child labor in the Philippines was recently featured in an IPA press release: Evidence-Informed Social Protection Programming in the Philippines

Casey McQuillan '18 published in Liberty Street Economics

Casey McQuillan a 2018 economics graduate is the co-author of an article in Liberty Street Economics: Is the Recent Tax Reform Playing a Role in the Decline of Home Sales?

New book by Gib Metcalf '75 published

Amherst Alum Gib Metcalf's new book Paying for Pollution: Why a Carbon Tax is Good for America is out now.

Visiting Lecturer Georgiou published in Journal of Official Statistics

Visiting Lecturer Georgiou was recently published in the Journal of Official Statistics: Extracting Statistical Offices from Policy-Making Bodies to Buttress Official Statistical Production

Professor Sims published in Conservation Biology

Professor Sims was recently published in the journal Conservation Biology: Assessing the Local Economic Impacts of Land Protection.

Professor Honig to be published in JMCB

Professor Honig's paper Elections and Capital Flows has been accepted for publication in the Journal of Money, Credit and Banking.

Interview with Prof. Debnam in Amherst News & Events

Professor Debnam's popular new course "Economics and Psychology" is profiled in the college's News and Events.

2018 Nobel Memorial Prize in Economic Sciences winners announced

National Bureau of Economic Research (NBER) Research Associates William Nordhaus and Paul Romer have been awarded the 2018 Nobel Memorial Prize in Economic Sciences "for their path-breaking research on integrating innovation and climate into the study of economic growth." 

Professor Theoharides published in JHR

Professor Theoharides was recently published in The Journal of the Human Resources: Manila to Malaysia, Quezon to Qatar: International Migration and Its Effects on Origin-Country Human Capital

Professor Reyes published in JAMA

Professor Reyes was recently published in The Journal of the American Medical Association: A Social Justice Framework for Lead Policy

Professor Debnam published in AJAE

Professor Debnam was recently published in The American Journal of Agricultural Economics: Selection Effects and Heterogeneous Demand Responses to the Berkeley Soda Tax Vote

Visiting Lecturer Andreas Georgiou given commendation by ISI

Visiting Lecturer Andreas Georgiou '83 was recently given a commendation by the International Statistical Institute in acknowledgement of  his "upholding of the highest professional standards in his public service in the pursuit of integrity of statistical systems."