Welcome to the Department of Economics at Tufts University!
Please explore our website and learn more about our department's
people, programs (undergraduate and graduate), and activities.
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We are very happy to announce that two new faculty members are joining our department in the Fall of 2014.
joins us as a new Ph.D. from Berkeley. He works on development issues with special
emphasis on agriculture, including such topics as the response of agriculture to climate
change, the diffusion of technologies such as flood-tolerant rice, and the impact of
land reform on migration into and out of agricultural activities. Kyle’s work has natural
ties to research at both the Fletcher School of Law & Diplomacy and the Friedman School
of Nutrition, and we are very happy that faculty from both schools participated actively
in this recruitment effort. Kyle will complete his Ph.D. from the University of
California at Berkeley in June, 2014.
joins us as a new Associate Professor from William & Mary,
where she has been teaching for the past six years. Melissa
has published many papers, investigating the often closely
related issues of labor market behavior and health care. Her
papers have appeared in the Journal of Health Economics; the Journal
of Public Economics; the Journal of Human Resources;
and the Journal of Urban Economics, among other
outlets. Melissa earned her Ph.D. at the University of
Maryland in June, 2008. She also has a Master of Public
Policy degree from Georgetown University.
We are also very pleased to welcome back former Department Chair,
Lynne Pepall who served as Dean of
the Graduate School of Arts & Sciences, from
2007 through 2013, and who is spending this year as a visiting
economist at the Antitrust Division of the Justice Department.
Professor Pepall is a co-author of one of the best-selling
undergraduate texts in industrial organization (along with
Professors George Norman and Dan Richards), and is currently engaged
in research on patent policy, consumer privacy, and the economic
analysis of MOOCs.
Faculty returning from leave in 2014-15 include Professors
Ed Kutsoati (Spring),
and Jeff Zabel.
Professor Ioannides recognized for lifetime scholarly
Yannis Ioannides was
recognized, jointly with Professor Costas Azariadis, Washington
University at St. Louis, for their lifetime scholarly
achievements and for their contributions to improving the
quality of scholarship among Greek economists, at an event that
took place on July 14, 2014, under the auspices of the 2014
Conference on Research on Economic Theory and Econometrics (C.R.E.T.E.
2014). Ioannides has been a founding member of C.R.E.T.E.
and member of its organizing and program committee since its
inception in 2002. John Geanakoplos (Yale), Christopher
Pissarides (LSE), Enrico Spolaore
(Tufts), and Chris Waller (Federal Reserve Bank of St. Louis),
spoke during the session.
Commencement Message from the Chair
Once again, the Economics Department commencement was one of the
largest individual discipline ceremonies at this year's
graduation event. Over 160 undergraduates and 20 graduate
students received their degrees on a beautiful Sunday afternoon
with hundreds of family members and friends cheering them on.
The annual pre-commencement reception for students and their
relatives held at Braker Hall the day before was also a great
success. Both of these events were organized and directed by our
fantastic staff—Debra Knox, Linda Casey, and Caroline
Kalgeropoulos. I know faculty and students join me in thanking
our staff for their dedicated and efficient service in these
efforts and, indeed, for their superb work over the entire
academic year! They are the best and we are very grateful. Way
to Go Team!
Professor Garman wins Inaugural Graduate Economics
The Economics graduate students recently presented the first-ever
graduate economics teaching award to Professor David Garman.
Professor Garman (who has previously won the undergraduate Economics
Professor of the Year Award) was recognized by all the first- and
second-year graduate students for the clarity of his presentation in
the very challenging graduate econometrics and statistics classes
and for the concern he consistently showed for students’ learning.
This year marks the first time the award has been presented. The
graduate students, along with faculty and staff, join in
congratulating Professor Garman on this achievement, and look
forward to future winners of this award meeting the high standards
of teaching excellence that he has set. Congratulations Professor
Professor Downes wins Economics Professor of the Year Award
The Economics Society recently presented the 2014 Professor of the Year award to
Tom Downes. This award is bestowed to an Economics
Department faculty member by the Economics Society annually. The students, along with faculty
and staff, join in congratulating Professor Downes for his exceptional teaching and dedication
to his students. Congratulations Professor Downes!
New Finance Minor!
On March 12, the Arts & Sciences Faculty voted in favor of a proposal from the
Economics Department to create a new, interdisciplinary Minor in Finance. The new
minor includes core courses in Economics, Mathematics, and Philosophy as well as
several electives related to the study of financial economics and financial markets.
The advisor for the minor is Professor of the Practice,
Chris Manos. Read the
description here. We
are very excited to offer this curriculum to Tufts students.
Professor Gilbert Metcalf elected to AERE Board of Directors
E. Metcalf, professor of economics, was elected to the Board
of Directors of the
Association of Environmental and Resource Economists (AERE).
Founded in 1979, AERE is the international professional
association for economists working on the environment and
natural resources. In addition to publishing the top
field journals in environmental and resource economics, AERE
sponsors sessions at the annual meetings of the major economics
meetings and co-sponsors the quadrennial World Congress of
Environmental and Resource Economics.
Congratulations to Tufts econ grad Eugene Fama on his Nobel Prize!
Tufts alum and econ major, Eugene Fama, was one of three economists to
share this year's Nobel Prize in Economics. Professor Fama was a pioneer
in empirical studies of finance and his work is fundamental to the efficient
markets hypothesis as well as to precise modern models of asset prices.
We are happy to say that it started all here at Tufts economics where Fama
was an undergraduate major and 1960 alumnus. His work and its origins
from his years at Tufts are described more fully on the
section of the main university web page. However, as Professor Fama's
intellectual home, the faculty, staff, and the students of the Tufts
Economics Department wish to offer our own warmest congratulations to
Professor and fellow Jumbo, Eugene Fama for this well-deserved award!
In the Media:
Enrico Spolaore's research on size of countries and federalism featured in
Yannis Ioannides was
quoted in the Boston Globe in the article
Greece Shake It's Corruption Problem?"
recently testified before the Senate Committee on Finance at its
hearing on Reforming America's Outdated Energy Tax Code. In his
prepared statement, Metcalf made the case for a carbon tax as the
centerpiece of national energy policy. In the absence of a national
carbon pricing plan, Metcalf argued for a streamlined system of
technology neutral tax credits and the elimination of special tax
preferences for the oil and gas industry.
See his testimony.
We are happy to announce that
Margaret McMillan of Tufts
University and IFPRI and
William Masters from Tufts were the recipients of the
prestigious 2014 Agriculture and Applied Economics
Association (AAEA) "Publication of Enduring Quality" Award.
This honor was presented to both based on the enduring impact of
their article titled "Climate
and Scale in Economic Growth", which was published in the
Journal of Economic Growth in 2001.
Read the blog >
Margaret McMillan was recently quoted in the
Los Angeles Times in the article 'U.S.
moves to cash in on African economic promise.'
Forbes' coverage on
Gilbert Metcalf's recent talk at the Peterson Institute on
plan to regulate greenhouse gas emissions from power plants.
'The Myth of de-industrialization in sub-Saharan Africa' was
recently featured in “This is Africa.”
Margaret McMillan had two of her
papers cited in a recent
New York Times op-ed piece by Thomas Edsall, reviewing the evidence that trade with low-wage countries is one source of the wage erosion and lost employment among low-skill manufacturing workers in the US.
Tufts University Arts & Sciences News regarding economic transformation in sub-Saharan Africa.
Enrico Spolaore's research on the political economy of borders and
secessions covered in
The Financial Times.
Spolaore's research on the diffusion of economic development
The Financial Times publication 'This is Africa'
published an op-ed piece by
Professor Margaret McMillan, arguing that Africa is
undergoing a quiet revolution that bodes well for the future of
economic growth in Africa.
Read the piece.
Additionally, Professor McMillan, together with the African
Center for Economic Transformation, organized a conference in
Nairobi on 'The Quest for Economic Transformation in Africa'. At
the conference, leading academics, entrepreneurs and
policymakers gathered to discuss challenges and opportunities
for economic transformation in Africa.
Read about the conference.
Metcalf was interviewed on the Obama Administration's
decision to curtail funding for coal projects through
international aid and development institutions.
Read the article.
Marcelo Bianconi's research
on the risk factors and value-at-risk of
nonrenewable energy sector companies has been
in the Chicago Policy Review.