Welcome

Welcome to the Department of Economics at Iowa State University. We provide the intellectual home to a set of dedicated and talented faculty, motivated and extremely capable staff, and a diverse group of enthusiastic undergraduate and graduate students.

Read more about the department.

What is Economics?

Economics is the study of what individuals, institutions, and economic systems do, or should do, as they deal with the problem of satisfying virtually unlimited wants with scarce resources. Economics deals with choices and optimization, typically embedded in a market system where the notion of equilibrium is essential and where prices play a crucial role. Economics provides a logical and ordered way of looking at a wide variety of issues, and the principles of economics are finding growing applicability in a number of fields. An  understanding of economic concepts can provide substantial personal and social benefits.

News

Kling named to National Academy of Sciences

Catherine Kling, Charles F. Curtiss Distinguished Professor of Agriculture and Life Sciences, professor of economics and the director of the Center for Agricultural and Rural Development at Iowa State, is among 84 new members and 21 foreign associates from 15 countries named to the National Academy of Sciences.

Swenson completes 200th marathon


Dave Swenson
, an associate scientist of economics at Iowa State University, ran his first marathon in 1999, and it was such a painful experience that he thought he’d never run another after crossing the finish line. But this spring, Swenson completed his 200th race that was 26.2 miles or farther in distance. - See more at: http://www.news.iastate.edu/news/2015/05/18/swensonrunning#sthash.mGxl0h...

Guo and Kim receive PhD degrees


Congratulations to economics graduate students Zizhen Guo and Younjun Kim who received their PhDs Friday, May 8th in the graduate school graduation ceremony at Hilton Colliseum.

Younjun received his BA and MA degrees in South Korea and will move to the University of Nebraska, Lincoln as a post-doc iin August.

Grad assistants receive teaching excellence awards

 

Congratulations to four graduate assistants who received Iowa State’s Teaching Excellence Award for the 2014-2015 academic year.

Diego Soares-Cardoso, Niklaus Julius, Adam Pendry (left to right), and Shufen Chen (not shown) were honored for their hard work and patience in working with students!

 

Econ Club travels to Berkshire Hathaway meeting


Members of the Economics Club travelled to the CenturyLink Center in Omaha last week to hear Warren Buffet speak at the annual Berkshire Hathaway shareholders’ meeting.

The trip ended an eventful year of club meetings with guest speakers, including Shazia Manus, Emily and Andrew Dust, Deloris Wright, Daniel Oh, and other notables in the field of economics.

Kreider selected as exemplary mentor

The Office of the Senior Vice President and Provost has recognized Professor Brent Kreider for demonstrating exemplary mentoring of junior faculty for the 2014-2015 academic year. Brent was nominated by his mentee, Dr. Oleksandr Zhylyevskyy. Congratulations, Brent!

Hoffman named senior research fellow


Professor Elizabeth Hoffman was recently invited to be a Senior Research Fellow at the Searle Center on Law, Regulation, and Economic Growth at the Northwestern University School of Law, Chicago. This is an honorary position, recognizing the research Dr. Hoffman is currently conducting with Matthew Spitzer, the center director.

Farm management team wins award


In March, the Farm Management Team, comprised of Farm Management Extension Specialists and Alejandro Plastina, received the "2015 Impacting Iowans Award" from ISU Extension and Outreach for the decision tools and educational efforts to inform producers about the 2014 Farm Bill Act.

 

Ron Deiter receives special citation award


Over 5,000 members of the Iowa FFA Association were on campus April 19-21 for their 2015 (annual) Leadership Conference. At their general session meeting on April 20, Ron Deiter was presented with a Special Citation Award. He was the only recipient of this award this year. The award was given in honor of his more than 30 years of service to the association preparing materials for their annual Farm Business Management contest.

 

Ag bus club places first in competition

Five members of the ISU Agricultural Business Club travelled to Moline, IL on April 9th to compete in the NACTA Agribusiness Management contest. The team placed first overall in the competition and also claimed four of the top five individual awards.

In photo (l to r): Geordan Hanson placed 1st, Nate Christenson 2nd, Hailey Meitner, 4th, Meghan Mills 5th and Natalina Sents, 7th.

Iowa State had seven teams from various departments at the contest. ISU also won the "sweepstakes" award which recognizes the most outstanding all-around performance by a school.


See full contest results.



Consider the possibilities of a graduate degree in economics. Read student stories here.