Stock Market

Research in Economics

The ten members of the Faculty of Economics bring further expertise into the classroom because of their involvement in research that has received national and international recognition.

  • One specialist in the Chinese economy was in Beijing conducting research at the time of Tianamen massacre. Another specialist in Europe saw the Berlin Wall fall.
  • An environmental economist has spent several months in the Yucatan in a path-breaking study of deforestation.

Some core ideas are very powerful

A few basic insights form the basis of modern economics:

  • The resources available to us at any time to address key concerns such as global warming or economic inequality are limited; making decisions that make best use of them requires us to understand the tradeoffs involved.
  • Voluntary exchange among people usually makes them better off.
  • Understanding the ideas of scarcity and exchange requires methods to use data about the economic world wisely and within a structured setting.

The study of economics offers students an opportunity to gain an extensive background in these core ideas of economic analysis, practical knowledge, and an understanding of how they help to illuminate key issues that face society. The study of economics at Clark offers one key advantage: course work is designed to help students gain ever-higher levels of sophistication in their understanding. The introductory course, Economics 10 serves as the prerequisite for several courses at the 100-level, including Money and Banking, courses in comparative economics, and environmental economics. More sophisticated analysis is available in the 200-level courses, which require the second course in Principles, or Economics 11. These courses offer students the opportunity to study the economic issues of the environment, developing countries, the international economy, health, population, sports, urban areas, and the government. Economics students with an interest in first-hand research can use their capstone projects or work directly with a professor as a research assistant.

Graduate student research: An international perspective

The Ph.D. program in economics adds to the intellectual excitement and international flavor of the the Department as it attracts students from four continents and important speakers from the community of economics at large. Advanced students engaged in research have access as well to the Department Computer Lab, which includes up-to-date computers with econometric and time series software.