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.


AAEA annual meeting honors for the department

The AAEA annual meeting, held in Minneapolis, Minnesota, July 27-29,save directed honors and recognitions to numerous members connected with the Department of Economics. The following is a list of these honorees:

  • Emeritus Professor Mike Duffy was honored as the outgoing secretary-treasurer, AAEA Extension section.
  • Associate Professor Chad Hart received the Distinguished Extensions/Outreach Program Award for an individual with less than ten years of experience. He also received the Outstanding Crop Forecaster Award, AAEA section.
  • Assistant Professor Lee Schulz received the Outstanding Livestock Forecaster Award, AAEA Extension section.
  • Graduate student Matthew Clancy and Professor GianCarlo Moschini received the Outstanding Applied Economic Perspectives & Policy Article Award. The title of their work is: "Incentives for Innovation: Patents, Prizes, and Research Contracts."
  • Graduate student Jonathan McFadden was awarded the Chester O. McCorkle Junior Student Scholarship.
  • Jacob Strapp, undergraduate business economics major, received a third-place award in the Outstanding Paper Competition.
  • The Agricultural Business Club received both the Outstanding Chapter Award, and the Creative Club Award (advisor, Georgeanne Artz).

Department economists enjoy RAGBRAI

Follow along as a team of Department of Economics faculty and an agronomist ride RAGBRAI. Along the way they get to study crops, local economies, and of course, sample the food. "Team Cyclohalic" included: Terry Alexander; Bruce Babcock & Ali Babcock; John Beghin; Dermot Hayes & Caroline Hayes; Helen Jensen; Keri Jacobs; John Miranowski & Susana Goggi (Agronomy).

Watch the full video from ISU News Service videographer Dave Olson at: http://www.news.iastate.edu/video/view/id/W0THtDmAgL8

Department welcomes Assistant Professor Otávio Bartalotti

The Department of Economics wishes to welcome new faculty member, Assistant Professor Otávio Bartalotti.

Bartalotti was previously an assistant professor at Tulane University in New Orleans, specializing on theoretical and applied econometrics and labor economics. His areas of research within econometrics focus on treatment identification and inference, regression discontinuity, quantile regression, missing data and nonrandom sampling. He received his PhD in economics from Michigan State University, an MS in economics from the Fundacao Getulio Vargas, Brazil, and a BS in economics from the University of Sao Paulo, Brazil.

Contact Bartalotti at: 279 Heady Hall; (515) 294-1085; bartalot@iastate.edu.

Ask an Economist

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