Faculty

Professor Prakash and Association for Mentoring & Inclusion in Economics in UConn Today

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Professor Nishith Prakash and his work with the Association for Mentoring & Inclusion in Economics has been featured in the most recent UConn Today:

New Association Co-Founded By UConn Professor Looks to Diversify Economics

The field of economics, like many areas of academics and society, has struggled over time to bring a diverse range of people into the discipline.

To address some of these issues, a UConn professor has helped create a new organization with the goal of lessening gender, race, and socioeconomic-based gaps in economics through mentorship, resource provision, and the creation of a network focused on inclusion.

AMIE, the Association for Mentoring & Inclusion in Economics, was recently founded by Nishith Prakash, an associate professor of economics at UConn with a joint appointment in the school’s Human Rights Institute. The co-founder is Priya Mukherjee, an assistant professor of economics at the University of Wisconsin.

The pair started informally working on this idea while they were both visiting scholars at Boston University’s Institute for Economic Development three years ago, and decided to formally launch AMIE this year.

Specific groups that are a focus of AMIE include underrepresented minorities, the LGBTQIA+ community, first-generation college students, women, and international students – both those studying in the United States and abroad.

The full article is online at:

New Association Co-Founded By UConn Professor Looks to Diversify Economics

 

Professor Harmon receives CETL University Teaching Award

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Oskar HarmonProfessor Oskar Harmon has been named a University Teaching Fellow by the Center for Excellence in Teaching and Learning:

The Center for Excellence in Teaching and Learning University Teaching Awards are held annually to honor faculty and graduate students who show exemplary commitment to their teaching craft. The winners of these awards are leaders in their disciplinary pedagogy, innovation, and have an unequaled focus on student success.

The recipients who win this award are representative of exemplary practice and service to the university. Their commitment to teaching, demonstrated knowledge of pedagogy, and an interest in fostering innovative teaching practices is unparalleled. This award identifies recognition of excellence in and out of the classroom by students, peers, and administrators.

Oskar Harmon is an Associate Professor in the Department of Economics. He has taught at the university since 1994 and among many accolades, was the first faculty member to offer the “Principles of Economics” course in an online format in 2004. More information on Dr. Harmon can be found here.

Information about the Center for Excellence in Teaching and Learning, and the award, may be found online at:

https://cetl.uconn.edu/programs-and-events/awards/cetl-university-teaching-awards/

Tales from My First 90 Years by Professor Emeritus Alpha Chiang

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Professor Emeritus Alpha Chiang has published a new book, Tales from My First 90 Years 

Alpha C Chiang, a renowned economist, and Professor Emeritus of Economics at the University of Connecticut, is best-known for his classic textbook — Fundamental Methods of Mathematical Economics.

In this memoir, he tells the entertaining, scary, embarrassing, glorifying and surreal tales that colored his life.

On the academic side, Alpha describes in detail his scholastic journey, including why and how he created one of the most popular books on mathematical methods in economics, as well as the experiences of his teaching career. On the nonacademic side, he describes his ventures into his many hobbies, the spices of his life, including Chinese opera, ballroom dancing, painting and calligraphy, photography, piano, music composition, playwriting, and even magic. Such tales round out the depiction of a colorful life.

https://www.worldscientific.com/worldscibooks/10.1142/11850

Spring 2021 Awards

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Uconn sealWhile the department is not able to celebrate with an awards banquet this year, we still are able to recognize the best among undergraduate and graduate students, as well as faculty! This year’s award recipients are:

Undergraduate Awards

Economics Department General Scholarship

Jasmine Kuyateh-Banks
Melissa Mendez
Kelly-Anne Moffa
Joslin Valiyaveettil
Clare Wieduwilt
Linge Yang
Michael Zhu

Kathryn A. Cassidy Economics Scholarship

Lauren Pawlowski

Rockwood Q. P. Chin Scholarship

Ryan Durrell
Cole Ensinger
Yue Sun

Louis D. Traurig Scholarship

Kader Akpinar
Susan Bailey
Prasad Gosavi
SeSe Nguyen

Paul N. Taylor Memorial Prize

Brendan Adams

Julia & Harold Fenton and Yolanda & Augustine Sineti Scholarship

Linge Yang

Charles Triano Scholarship

Matthew Petridis

Dr. Joseph W. McAnneny Jr. Scholarship

Kelly-Anne Moffa
Benjamin Scudder
Kira Smith
Alexander Taylor
Joslin Valiyaveettil
Clare Wieduwilt
Michael Zhu

Robert J. Monte Scholarship

Isadore Johnson

Ross Mayer Scholarship

John Peterson
Ajshe Zulfi


Graduate Awards

W. Harrison Carter Award

Jinsoon Cho
Jingwei Huang

Abraham Ribicoff Graduate Fellowship

Miranda Mendiola Valdez

Timothy A. and Beverly C. Holt Economics Fellowship

Yijia Gao
Anastassiya Karaban
Ha Kyeong Lee
Kunze Li
Ghania Shuaib
Jiaqi Wang
Yangkeun Yun

Albert E. Waugh Scholarship

Umesh Ghimire

Economics Department General Scholarship

Tiange Du
Xuejian Gong
Ruohan Huang
Benjamin Taraskevich
Ziyun Wu
Yizhi Zhu

Best Third Year Paper Award

Lindsey Buck, awarded for her paper “Head Start Improves Health and Welfare 25 Years After Participation”

Graduate School Pre-Doctoral Fellowship

Faisal Algosair
Abdulmohsen Almuhaisen
Erdal Asker
Birenda Budha
Dingxian Cao
Jingyun Chen
Zhenhao Gong
Treena Goswami
Huarui Jing
Chuang Li
Chun Li
Xizi Li
Tongan Liu
Deepak Saraswat
Rui Sun
Victor Volkman
Jinning Wang
Haoxiang Xu
Heli Xu
Heshan Zhang
Wei Zheng


Faculty Awards

Grillo Family Research Award

Jorge Agüero

Grillo Family Teaching Award

Natalia Smirnova

 

Congratulations to everyone!

Alexander Vaninsky publishes in Environment Systems and Decisions

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Professor Alexander Vaninsky, a long-time economics instructor at the Stamford Campus, recently published the article “Multiobjective restructuring aimed at green economic growth” in Environment Systems and Decisions (February 2021) https://rdcu.be/ch3UZ

ABSTRACT

This research introduces an approach to the structural optimization of national economies resulting in green economic growth.  This study considers the comparative advantages of the sectors of the economy in the final product ratio, energy intensity, and carbonization of the gross output. The input–output model is transformed to a structured form, and the projected gradient of the gross domestic product (GDP) is derived. Factorial models of energy consumption and carbon dioxide (CO2) emissions are developed and used to obtain the projected antigradients of these indicators. Each of these vectors determine the locally

optimal structural change for each dimension. Their components are found to be proportional to the sectoral deviations from the national average, thus revealing a sectorwise comparative advantage or disadvantage. This observation allowed us to characterize these components as Ricardian gradients. Although it is not possible to move in each of the three vectors concurrently, it is possible to direct the economic restructuring to make the least possible acute angles with each vector.  Thus, the locally Pareto-optimal vector of structural change is formed. At each moment in time, the system is directed to move alongside this vector or by the boundary. The suggested approach is applied to simulate the economies of China and the United States. The obtained results reveal that the suggested changes in the structure of the gross output simultaneously allowed for an increase in GDP, a decrease in energy consumption, and the mitigation of CO2 emissions. Applications to international cooperation and trade are discussed.

 

MSQE Alumni Panel

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Two alumni of the MSQE Program participated in a virtual MSQE Alumni Networking Panel on March 18th:

Louis Booth: MSQE Dec 2018

John Rolfe:  MSQE Dec 2019

Louis currently works at Travelers, as a Consultant Analytics and Research Development, where he is on the  Advanced Tools and Technologies Team.  John  currently works at Spreetail as a Demand Planner where he does demand forecasting.

They spoke highly of their MSQE training in Python, R, and Tableau, and gave several examples of how they use these skills in their current positions.

The panel was moderated by Professor Harmon.

Professor Prakash receives CLAS Summer Funding

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Professor Nishith Prakash (Economics) and Professor Kim Chaney (Psychological Sciences) have received CLAS Summer Funding for their project entitled “Proposal: Can “Guilt” Change Police Attitude towards Gender-Based Violence?” with co-PIs Sofia Amaral (ifo Institute), Girija Borker (World Bank), and Asmi Khushi (IFMR).

The project aims to implement a field experiment with 500-700 police officers in India using confrontation of mis-handled gender-based violence (GBV) cases as an intervention to evoke guilt, and in turn promote more positive future responses to GBV crime. It ties together insights and expertise in causal inference and field experiments from development economics, with the study of countering discrimination and prejudice from social psychology.

Professor Lanza’s 2021 Forecast for the Connecticut Economy Featured in HBJ

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Professor Lanza’s 2021 forecast for the Connecticut economy was featured in the December 28, 2020 issue of the Hartford Business Journal.

Lanza predicts a year of moderate recovery as vaccines roll out and the state gets back to work.

The complete forecast may be found online at:

https://www.hartfordbusiness.com/article/hbjs-2021-economic-forecast

Econ PhD Alumnus is Chief Economist for Macro Policy at the CEA

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Aaron Cooke, a 2018 PhD graduate of the UConn Department of Economics, recently became the Chief Economist for Macroeconomic Policy at the Council of Economic Advisers (CEA).

The CEA, an agency within the Executive Office of the President, is charged with offering the President objective economic advice on the formulation of both domestic and international economic policy.

Aaron earned his PhD degree from the Department of Economics in 2018, specializing in macroeconomics and public policy. His PhD dissertation, “Three Essays on Wealth and Income Inequality”, studied the causes of U.S. wealth and income inequality, and was completed under the supervision of Professor Kai Zhao.

Prior to joining the CEA, Aaron was an economist at the Office of Management and Budget.

Stamford Team Competes in the College Fed Challenge 2020

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This year, the College Fed Challenge competition was virtual. It was a challenging transition to understand the intricacies of new rules and regulations and to pivot in September to be ready by October 9. But the UConn-Stamford team was well-organized, enthusiastic, and well-prepared to put forward the arguments that the current economic situation warrants keeping the target federal funds rate unchanged.

The 2020 team consisted of five Stamford students: Cullen Murphy (ACES, sophomore), You Kim (Financial Management and Economics, senior), Shayla Siljkovic (Linguistics and Philosophy, sophomore), Eileen Zhu (Economics, junior), and Rashana Weerasinghe (Business Data Analytics, sophomore). They worked virtually; very diligently, creatively, and collaboratively. They describe the challenges of this new environment as the loss of a camaraderie of in-person interactions, technical difficulties, and physical isolation. However, the presentation that they put forward combines the intellectual rigor of each member, deep research of economic indicators, and a collective vision of what the forecast of current economic conditions looks like.

You can watch their presentation here.

Our team did not make the next round of the competition this year, which is, of course, disappointing. However, the learning that has occurred was a worthwhile experience. First, each student has developed an expertise in a selected economic indicator or industry: each team member researched, constructed graphs, and made connections with overall economic development as well as with monetary policy implications. Furthermore, students gained highly valuable skills such as critical thinking and teamwork. These are the skills that are transferable to other professional environments such as a graduate school or a workplace.

You can read the students’ reflections here:

Cullen Murphy – Stamford Fed Challenge 2020

You Kim – Stamford Fed Challenge 2020

Shayla Siljkovic – Stamford Fed Challenge 2020

Rashana Weerasinghe – Stamford Fed Challenge 2020

Eileen Zhu – Stamford Fed Challenge 2020

The course that will be used to prepare a team for the next year’s competition is ECON 3492 – Practicum. It is offered every semester. Stamford students who are interested in joining the team should contact Dr. Smirnova. The student’s major does not matter – all majors are welcome! What matters is the desire to learn about the economy and monetary policy, and to be open-minded to work well in a team.