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.


Ag Bus Club hosts alumni breakfast

The Ag Business Club hosted their 7th annual Alumni Homecoming Breakfast on Oct 31 at the Memorial Union.

Club leaders, along with 10 faculty members, welcomed 38 alumni and guests who came from as far away as Florida, and represented graduation years from 1955 to 2014.

The event is an opportunity for alumni to reconnect with the club and one another at a casual event before the Iowa State homecoming football game.

Romans to speak Dec 2

Christine Romans, CNN's chief business correspondent and a graduate of Iowa State, will speak here on "Smart is the New Rich: Money Guide for Millennials" on Wednesday, Dec. 2nd. This lecture is part of the Technology, Globalization & Culture Series.

Recent publications by Tesfatsion

Harl receives honors

Emeritus Professor Neil E. Harl was elected to the Board of Governors, Iowa State University Foundation (a lifetime appointment) on Oct. 2.

On Oct. 11, Harl was honored as an outstanding alumnus at the University of Iowa, Iowa City, at the 150th anniversary of the founding of the University of Iowa College of Law.

On Oct. 21, Harl presented, "Legal and Economic Challenges in a Civilized Society," at the Osher Lecture at Iowa State University.

CARD hosts National Science Foundation workshop

Coinciding with World Food Prize week, the Center for Agricultural and Rural Development (CARD) at Iowa State University on Monday hosted a National Science Foundation workshop examining the models used for sustainable food, energy, and water (FEW) systems. The two-day event, part of a $75 million grant program administered by the National Science Foundation, brought together about 80 economists, statisticians, and scientists of various backgrounds to discuss the key scientific, engineering, an data challenges associated with understanding the FEW systems.

CALS students honored

Abrah Meyer and Eric Coddington were honored at the National FFA Convention and Expo held Oct. 28-31 in Louisville, Ky.

Students meet with Buffett

On Friday, Oct. 16, 20 econ students and staff member Brent Moore traveled to the offices of Berkshire Hathaway in Omaha to meet with business magnate and CEO Warren Buffett. Their 2-hour Q&A session was followed by lunch at Piccolos. Peter Orazem, club president Hieu Nguyen and vice-president Lauren Sendelbach were involved in organizing the trip.

Hart receives CALS research award

Wendy Wintersteen, Endowed Dean, College of Agriculture and Life Sciences announced Tuesday, September 29 that Associate Professor Chad Hart has been awarded the CALS Special Research Award. The $3,000 award is funded by the Dean’s Endowment and must be spent by June 30, 2016.

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!


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.


Upcoming Seminars

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