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Economics Department Website
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Students who take our courses learn about a wide range of forces that shape our
economy and society. Our curriculum emphasizes economic theory, statistical
analysis, and the role of public policy in addressing economic and social
problems. We are committed to teaching students how to construct and test
rigorous models of individual and aggregate behavior and how to interpret
empirical results in the context of competing explanations. We offer a broad
range of courses designed to serve the aspirations of all economics majors as
well as the intellectual purposes of the broader student body.
Majors adopt either a general or a mathematical approach to the study of
economics. Students may specialize in financial, managerial, international, and
industrial economics, or another area of focus. Some classes make extensive use
of the computer instruction facilities in the Carnegie and Hahn buildings and at
Information Technology Services. Also introductory courses are kept to a very
small size to facilitate faculty-student interaction.
Rahsan Akbulut’s research focuses on macroeconomics, labor economics, and
household and family economics. Tahir Andrabi analyzes the education of young
women in Pakistan, the economics of international borrowing and the export
performance of developing nations; and is doing joint work with professor
Kuehlwein on the effects of railways on market integration and famines in
British India. Eleanor Brown '75, is a specialist in the areas of charitable
giving, volunteer labor, and the nonprofit sector. Ludwig Chincarini specializes
in portfolio management, quantitative equity management, and derivatives. His
research interests include portfolio strategies,
 investment
tax issues, and derivatives, and hedge funds. Cecilia Conrad studies and writes
about poverty among women and families. Bowman Cutter’s research spans a range
of environmental topics, including: market-based environmental regulation, the
political economy of environmental policy, groundwater valuation, water quality
issues, and land use. Sofia Franco’s research interests include urban economics,
environmental economics, and industrial economics. She is particularly
interested in topics such as urban sprawl and land use change in the U.S. and on
the costs and environmental consequences of federal and state ethanol subsidies.
Glenn Hueckel studies and writes on the history of economic theory and is an
Adam Smith scholar. John Jurewitz studies environmental and natural resource
economics and specializes in energy economics and policy. Michael Kuehlwein
focuses on theories of income tax overwithholding and is doing joint work with
Professor Andrabi on the effects of railways on market integration and famines
in British India. James Likens focuses on the financial services industry with
an emphasis on credit unions. Fernando Lozano is an applied labor economist who
primarily focuses on immigration. Stephen Marks serves as an adviser to the U.S.
State Department and to the Indonesian Ministry of Trade on international trade
policy and his research includes quantifying the effects of trade and other
policies throughout the Indonesian economy. Neva Novarro’s research in public
economics looks at the effects of state government revenue and expenditure
policies with a specific focus on earmarking and pre-commitment practices
relating to state lotteries, the environment, and blue laws. Slavi Slavov’s
current research deals with the impact of the Euro and other such monetary
integration projects on inflation and on current account dynamics. Gary Smith's
research generally has either a finance or statistical angle, though he has also
looked at the socioeconomic mobility of the daughters of immigrant mothers and
used the gravity model to evaluate the site value of tribal casinos. Michael
Steinberger uses state of the art econometric methods to analyze wage
differentials between different groups: men vs. women, college educated vs. high
school graduate, and straight vs. gay and lesbian.
The Economics Club sponsors career discussions with visiting alumni, co-hosts an
annual personal financial planning seminar for students, and plans social and
sports activities with faculty, including Women in Economics luncheon meetings.
The Senior Colloquium has hosted internationally known guest speakers such as
former San Francisco Federal Reserve President, Robert Perry; current San
Francisco Federal Reserve President, Janet Yellen; Robert Litterman of Goldman
Sachs; and Nobel laureate Myron Scholes. The Investment Club and Sagehen Capital
Management offer students the opportunity to manage real investment funds.
Our curriculum prepares our graduates for rewarding careers in academia,
government, finance, law, journalism, consulting, business, and the non-profit
sector. Graduates have engaged in activities such as organizing an agricultural
extension service for drought-ridden areas of Africa, writing for The Wall
Street Journal, trading yen on the foreign exchange market, and starting
retail businesses. Karen Horn, a 1965 Pomona graduate, was the first woman to
serve as president of a Federal Reserve Bank.
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