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.
Beghin honored for work in international agriculture
Professor John Beghin was recognized for Outstanding Achievement in International Service at the College of Agriculture and Life Sciences' spring 2014 awards program, held on March 12. The award recognizes Iowa State faculty who have promoted and integrated international perspectives in their research and teaching.
Brown Graduate Fellowship awarded to Clancy
Matthew Clancy is this year's graduate awardee of the Brown Graduate Fellowship. The focus of the Fellowship is to strategically advance ISU research in the areas of study which include science, agriculture, and space science. Graduate students who show a high level of excellence in both their studies and research are those chosen for the fellowship.
McFadden awarded AAEA’s McCorkle Scholarship
Jonathan McFadden, fourth-year PhD student in the Department of Economics, was recently awarded the Chester O. McCorkle Jr. Student Scholarship by the AAEA Trust Committee. The $1,600 scholarship supports applied research by a graduate student on economic issues relating to agriculture, and provides funds to be used for tuition and program related expenses such as fees, books, supplies and equipment.
Prescott scholarship awardees honored
Department of Economics graduate student awardees of the James R. Prescott creative scholarship in economics, Jiaqi Ge, Younjun Kim and Xiying Liu, were recently honored at a special reception. Jeri Prescott, presented the honor to students on behalf of her husband, former Emeritus Professor James R. Prescott.