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.


Luvaga and undergrad Premkumar honored with Cardinal Key Award

Ebby Luvaga, senior lecturer in the Department of Economics, and undergraduate economics major Deepak Premkumar  were recently honored with Iowa State University’s Cardinal Key Award.

The award was established in 1926, to honor outstanding leaders among students, faculty, and staff at the university. Awardees demonstrate exemplary leadership in university activities, a high level of scholarship, strength of character, and outstanding service to the university community. The Cardinal Key designation also serves to identify a unifying body of campus leaders who promote “cardinal virtues” within the university community.

Thursday's William Murray Memorial Seminar: Christopher Timmons, Duke University

"Estimating the Impacts of Brownfield Remediation on Housing Property Values," with Christopher Timmins, Duke University, Thursday, April 24, 3:40 PM-5 PM, 368A Heady Hall.

Christopher Timmins is a professor in the Department of Economics at Duke University, with a secondary appointment in Duke’s Nicholas School of the Environment. He holds a BSFS degree from Georgetown University and a Ph.D. in economics from Stanford University. Professor Timmins specializes in natural resource and environmental economics, but also has interests in industrial organization, development, public and regional economics. His recent research has focused on measuring the costs associated with exposure to poor air quality, the benefits associated with remediating brownfields and toxic waste under the Superfund program, and the external costs and benefits from shale gas development. Professor Timmins is a research associate in the Environmental and Energy Economics group at the National Bureau of Economic Research, and has served as a reviewer for numerous environmental, urban, and applied microeconomics journals. He currently serves on the editorial board of the American Economic Review and is a co-editor of the Journal of the Association of Environmental and Resource Economists. His research has appeared in a wide variety of outlets, including Econometrica, the AER, IER, JEL, and the Journal of Environmental Economics and Management.

Friday's Department Seminar: Skip Crooker, University of Central Missouri

"Predicting freshmen credit hours earned with statistical learning methods," with Skip Crooker, University of Central Missouri, Friday, April 25, 12 PM-1:20 PM, 368A Heady Hall.

Skip Crooker serves as professor of economics and director of institutional research at the University of Central Missouri. He became the director of institutional research in January, 2013, after serving as associate dean of the Harmon College of Business and Professional Study at the university. While in the Harmon College, Crooker has served as the director of the Master in Business Administration program and taught the quantitative and managerial economics course since arriving at UCM in 2002. He also previously chaired the Department of Economics and Finance.

Upcoming Seminars

Ask an Economist

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