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.
View the latest edition of Alumni Update (spring 2013)
Gain an in-depth look at the programs, students, faculty and alumni of the Iowa State Department of Economics - read the spring 2013 edition of Alumni Update.
Kling named Charles F. Curtiss Distinguished Professor
Catherine Kling, professor of economics and interim CARD director, was recently named a Charles F. Curtiss Distinguished Professor in Agriculture and Life Sciences. Kling has been the head of CARD's Resource and Environmental Policy Division since 1999, and has served as the interim director since 2011.
Calhoun uses statistical analysis to make sports projections
With 24-hour sports networks and social media, there is no shortage of sports information and statistics for fans to access. But a desire for better analysis of those statistics led Assistant Professor Gray Calhoun to create VisualScoreboard.com, a website designed to give fans a breakdown of the game and make projections on future matchups through statistical analysis.