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The Department of Economics

Full Time Faculty. Steve Beckman Chair. Laura Argys. Brian Duncan. Mei-Chu Hsiao. Steve Medema. Naci Mocan. Dan Rees. Dr. Smith. Buhong Zheng. The Department of Economics. Department of Economics. Steve Beckman Chair. Laura Argys. Brian Duncan. Mei-Chu Hsiao. Steve Medema.

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The Department of Economics

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  1. Full Time Faculty Steve Beckman Chair Laura Argys Brian Duncan Mei-Chu Hsiao Steve Medema Naci Mocan Dan Rees Dr. Smith Buhong Zheng The Department of Economics

  2. Department of Economics Steve Beckman Chair Laura Argys Brian Duncan Mei-Chu Hsiao Steve Medema Naci Mocan Dan Rees Dr. Smith Buhong Zheng Department Summary 6 Full Professors 3 Associate Professors 17 Lecturers / Honoraria

  3. Department of Economics Steve Beckman Chair Laura Argys Brian Duncan Mei-Chu Hsiao Steve Medema Naci Mocan Dan Rees Dr. Smith Buhong Zheng Department Research Strengths Labor and Demography Experimental Economics Health Economics History of Economic Thought Development Economics Inequality and Poverty Economics of Crime Law and Economics

  4. Department of Economics Steve Beckman Chair Laura Argys Brian Duncan Mei-Chu Hsiao Steve Medema Naci Mocan Dan Rees Dr. Smith Buhong Zheng Potential Areas of Expansion Health Economics Macroeconomic Theory Industrial Organization / Game Theory Economic Growth

  5. Department of Economics Steve Beckman Chair Laura Argys Brian Duncan Mei-Chu Hsiao Steve Medema Naci Mocan Dan Rees Dr. Smith Buhong Zheng Recent CLAS Teaching Excellence Awards Brian Duncan, 2004 Patrick Emerson, 2005 Steven G. Medema, 2006 W. James Smith, 1991 Steven G. Medema, 1992 Laura Argys, 1998

  6. Department of Economics Steve Beckman Chair Laura Argys Brian Duncan Mei-Chu Hsiao Steve Medema Naci Mocan Dan Rees Dr. Smith Buhong Zheng Recent CLAS Research Excellence Awards Laura Argys, 2000 Steven G. Medema, 2001 Patrick Emerson, 2003 Naci H. Mocan, 2006 W. James Smith, 1992 Steven G. Medema, 1993 Naci H. Mocan, 1994 Buhong Zheng, 1997

  7. Department of Economics Steve Beckman Chair Laura Argys Brian Duncan Mei-Chu Hsiao Steve Medema Naci Mocan Dan Rees Dr. Smith Buhong Zheng Recent CLAS Service Excellence Awards W. James Smith, 1993 Mei Chu Hsiao, 1994 Laura Argys, 2002

  8. Department of Economics Steven Beckman Ph.D., University of California at Davis, 1982 Research: International Economics, Macroeconomics, and Monetary Economics Department Chair Published in:  J. of Econ. Behavior & Org. (3)  Social Choice and Welfare (2)  J. of Money Credit & Banking  J. of Economic Education  Research on Econ. Inequality (2)  Southern Economic Journal  International Rev. of Economics and Finance Recent Conference Presentations: Workshop on Envy, Budapest, Hungary  Economic Science Association Meetings, Tucson, Arizona

  9. Department of Economics Laura Argys Ph.D., University of Colorado, 1993 Research: Economic Demography, Labor Economic, and Public Finance Service Excellence Award, CLAS, 2002Research Excellence Award, CLAS, 2000Teaching Excellence Award, CLAS, 1998 Published in:  American Economic Review (P&P) Southern Economic Journal  Economic Inquiry  J. of Human Resources  J. of Population Economics  Demography Recent Conference Presentations: Western Economic Association Annual Meetings  Society of Labor Economists Annual Meetings  Population Association of America Annual Meetings

  10. Department of Economics Brian Duncan Ph.D., University of California at Santa Barbara, 1998 Research: Public Economics, Philanthropy, Immigration, Foster Care and Adoption Graduate Advisor Teaching Excellence Award, CLAS, 2004 Published in:  J. of Public Economics (2)  Public Choice  Southern Economic Journal  Public Finance Review  American J. of Epidemiology Recent Conference Presentations: Western Economic Association Annual Meetings, San Diego Society of Labor Economists Annual Meetings, San Antonio  American Economic Association Annual Meeting, San Diego

  11. Department of Economics Mei-chu Hsiao Ph.D., University of Rochester, 1967 Research: Econometric analysis of time-series and panel data, trade strategies, comparative economic development and growth of East and Southeast Asia Excellence in Service Award, CLAS, 1994 Published in:  World Development  Review of Development Economics  J. of Asian Economics (2)  J. of the Asian Pacific Economy  J. of Economic Development Recent Conference Presentations: International Conference on Korea and the World Economy.  Conference on Challenges and Opportunities in the Triangular Relations among the U.S., China, and Taiwan, New York

  12. Department of Economics Steve Medema Ph.D., Michigan State University, 1989 Research: History of Economic Thought, Law and Economics, Public Economics Journal of the History of Economic Thought, Editor Undergraduate Advisor Published in:  History of Political Economy (7)  Economics and Philosophy  Journal of Public Economics  Am. J. of Econ. & Sociology (2)  Three books published by Princeton University Press Recent Conference Presentations: Keynote Address, AISPE, Padova, Italy  History of Economics Society Annual Meeting, Grinnell College  Conference Organizer, The Economic Role of Government in the History of Economic Thought, Duke University

  13. Department of Economics Naci Mocan Ph.D., City University of New York, 1989 Research: The Impact of the Death Penalty, Guns and Juvenile Crime, Determinants of Corruption, Determinants of Organ Donation, Demand for Cigarettes for Juveniles with Mental Health Problems, Vengeance Listed in Top 1,000 Economists World (by Publications in 1990-2000) Research Associate, NBER Published in:  Economica  J. of Law and Economics (3)  Rev. of Econ. & Stats. (3)  American Economic Review  J. of Health Economics  J. of Population Economics Placed RAs in Economic Ph.D. Programs.  Cornell, Brown, Rochester, Florida, UC-San Diego, UC-Santa Barbara, UNC-Chapel Hill, Rice

  14. Department of Economics Daniel Rees Ph.D., Cornell University, 1992 Research: Labor Economics, Health Economics, and Economics of Education Graduate Advisor, Department of Economics Published in:  Economic Inquiry (2)  American J. of Epidemiology  Rev. of Econ. & Stats. (2)  American J. of Public Heath  J. of Health Economics  Economics of Education Review (5)  Labor Relations Review (2)

  15. Department of Economics James Smith Ph.D., University of Colorado, 1976 Research: Monetary Economics, Public Finance, Income Inequality, Poverty Former Dean, CLASTeaching Excellence Award, CLAS, 1991 Research Excellence Award, CLAS, 1992 Service Excellence Award, CLAS, 1993 Published in:  Social Choice and Welfare Economics Letters  Applies Economics  J. of Business Economics & Stats  Southern Economic J.  American Economic Review

  16. Department of Economics Buhong Zheng Ph.D., West Virginia University, 1993 Research: Income Distributions and Welfare Economics, Statistical Methods Social Choice and Welfare, Co-Editor Published in:  Economic Theory  Social Choice and Welfare (4)  Econometrica (2)  Journal of Economic Theory  Journal of Econometrics  Research on Economic Inequality (3) Recent Conference Presentations: UN-WIDER Conference on Advancing Health Equity, Helsinki, Finland

  17. Teaching & Enrollment Teaching Economics is the scientific study of decision-making. Economics is an invaluable component of any liberal arts education, not to mention an indispensable tool for making sense of the intricacies of the modern world. It is also excellent preparation for a future in business, as well as for graduate studies in law, public policy, and international studies. (Princeton Review)

  18. Teaching & Enrollment Starting Salaries (2004 NACE Survey) The Economics Degree (cont.)

  19. Teaching & Enrollment Upper Division Graduate Lower Division Enrollment Patterns Fall Economics Enrollments

  20. Teaching & Enrollment Initial Analysis of Enrollment Continued strong growth in principle enrollment. Grad enrollment stays strong despite Asian Crisis Upper division enrollment is not keeping pace.

  21. Teaching & Enrollment Upper Division Graduate Lower Division Teaching Patterns Teaching by Tenure Track Faculty

  22. Teaching & Enrollment Upper Division Graduate Lower Division Teaching Patterns (cont.) Teaching Evaluations

  23. Teaching & Enrollment Teaching Patterns (cont.) Tenured vs. Adjunct Ratings Lower Adj Upper TT Upper Adj Lower TT

  24. Department of Economics More Enrollment Analysis • Tenure track faculty do a fantastic job at all levels. • Ratings in principles for adjuncts have risen.(New instructor positions have helped) • Our challenge is staffing upper division courses. (This requires a specific skill set) • We are no longer able to staff grad courses with only tenure track faculty.

  25. Master’s Program The Master’s Program Revamped the Master’s program in 2001. Heavy emphasis on applied econometrics. Two semesters of econometrics. Applied seminar / Capstone research seminar. Admit 30+ students per year. Foreign students / Domestic students. Working students. Terminal MA degree / Prepare for Ph.D. program. AEA Summer Minority Program. The dual degree program (Economics and Finance).

  26. Master’s Program Recent Employment Outcomes State & Federal Government: Banks / Financial Institutions: Dept of Housing and Urban Dev. (2) Dept of the Interior U.S. Department of Labor United States Bankruptcy Court US AID CO State Governors Office CO Dept of Health Care Policy (5) CO Dept. Labor and Employment Arapahoe Community College Northwestern University Georgia State University UCD Accounting Office Wells Fargo INVESCO Funds Group (2) Citibank First National Bank Aurora Loan Services Evergreen National Bank Great-West Life SBER BANK

  27. Master’s Program Recent Employment Outcomes (cont.) Private Sector: International: Kaiser Sprint CB Richard Ellis Coca-Cola Co. BBC Research & Consulting FENIX Consulting Integrated Utilities Group The Piton Foundation Walter Scott & Partners Bank of Mongolia Capital Market Board of Turkey Central Bank of Turkey Indonesian Ministry of Finance Ministry of Nat. Resources and the Envt. Ministry of Planning Ministry of Social Protection National Planning Department The Bank of Korea

  28. Master’s Program Comments from Former Student Survey What Our Job Market Students are Saying: “I would not have this job had I not attended USDHSC for my Masters degree.” “All the faculty members engage in active research and they are always available.” “The faculty are friendly and willing to spend a lot of time working with the graduate students.” “I believe that there isn't a faculty member in the Economics department at UCDHSC that isn't committed to the success of the students in the program.” “Being able to use statistical software has given me an advantage.” “I liked and enjoyed the program... and Colorado... I think I benefited a lot.” “While I wasn't necessarily the top of the class in all my classes and struggled with several of them, the faculty were always supportive and available to answer questions to help students succeed and stay motivated.”

  29. Master’s Program Recent Acceptances to Ph.D. Programs Arizona State University Brown University (3) Cornell University (6) Bonn University (2) Michigan State University Ohio State University Rice Rochester Syracuse University (2) West Virginia University (3) DU Law School / Columbia Law U. of Chicago Law School U. of California, Santa Barbara (2) U. of California, Davis U. of Colorado, Boulder (5) U. of Florida (2) U. of Arizona U. of North Carolina at Chapel Hill (2) U. of California, San Diego U. of North Carolina, Greensboro U. of Texas - Austin U. of Virginia (2) U. of Washington Harvard (2)

  30. Master’s Program Comments from Former Student Survey What our Ph.D. bound students are saying: “Being an RA was a huge head start for doing research.” “I was able to work closely with faculty on research projects. This has helped me to immediately jump into research with faculty in my PhD programs.” “Working as an RA for Prof. Mocan helped me a lot.” “I was not thinking of pursuing Ph.D. at the time I entreated the program. By the time I finished, I was very passionate about economics and wanted to study further. The program helped shape my future significantly.” “The MA in Economics is what helped me in gaining access to PhD program.” “Earning my MA at UCDHSC was very beneficial for preparing me for the PhD program.” “Small programs like this don't often have researchers of this caliber.”

  31. Master’s Program Examples of Published Work with Students Argys, Laura, Daniel Rees, Susan Averett, and Benjama Witoonchart. 2006. “Birth Order and Risky Adolescent Behavior.” Economic Inquiry. Naci Mocan and Erdal Tekin. Forthcoming “Guns and Juvenile Crime.” Journal of Law and Economics.Naci Mocan and Kaj Gittings. 2003. “Getting Off Death Row: Commuted Sentences and the Deterrent Effect of Capital Punishment.” J. of Law and Econ. Naci Mocan and Erdal Tekin. 2003. "Nonprofit Sector and Part-Time Work: An Analysis of Employer-Employee Matched Data of Child Care Workers.” The Review of Economics and Statistics.Rees, Daniel, Elizabeth Lopez, Susan Averett, and Laura Argys. Forthcoming. “Birth Order and Participation in School Sports and Other Extracurricular Activities.” Economics of Education Review. Rees, Daniel, Jeffrey Zax, and Joshua Herries. 2003. “Interdependence in Worker Productivity.” J. of Applied Econometrics.

  32. Research and Grant Research A small, but very productive, research-oriented department. Every faculty member is actively doing research. Diverse research interests. Concentration in policy-oriented and applied research in health, education, welfare.

  33. Research and Grant Recent Publications Papers in Top 10 Economics Journals* • Econometrica (2) • Review of Economics and Statistics (5) • American Economic Review (2) • Journal of Economic Theory Papers in Top Field Journals • History of Political Economy (6) • Journal of Econometrics (3) • Journal of Economic Behavior and Organization (3) • Journal of Health Economics (2) • Journal of Human Resources (3) • Journal of Law and Economics (3) • Journal of Population Economics (3) • Journal of Public Economics (3) • Social Choice and Welfare (5) Editorship • Social Choice and Welfare • Journal of the History of Economic Thought * Tombazos (2005), European Economic Review, 49:2, pp. 251-77.

  34. Research and Grant Interdisciplinary Work by Faculty American Journal of Public Health (2) American Journal of Economics and Sociology (2) American Journal of Epidemiology (1) Demography (2) Economics and Philosophy (1) International Journal of Forecasting (1) Industrial Relations (1) Journal of Drug Issues (2) Journal of Interdisciplinary Economics (1) Journal of Legal Studies (1) Journal of Policy Analysis and Management(1) Phi Delta Kappan (2) Public Choice (2) Tennessee Law Review (1) Transfusion (1) World Development (2)

  35. Research and Grant Recent Grants and Contracts Naci Mocan, Carnegie Corporation of New York, Smith-Richardson Foundation, Pew Foundation, and Packard Foundation. 1992-1994, $1,000,000. Laura Argys, NIH, NICHD. 1993-1998, $176,773. Naci Mocan, CO Dept. of Transportation. 1998-1999, $107,237. Laura Argys, NIH, NICHD. 1999-2004, $79,639. Steven Medema, Earhart Foundation. 2003, $14,555. Laura Argys, NIH, NICHD. 2003-2007, $563,000. Laura Argys and Daniel I. Rees, NIH, NICHD. 2004-2006. $142,000. Naci Mocan, CO Dept. of Transportation, 2004-2007, $71,271. Steven Medema, Earhart Foundation. 2005, $19,000. Steven Medema, National Endowment for the Humanities. 2005, $5,000. Brian Duncan and Laura Argys, NIH, NICHD. 2005 – 2007, $142,000.

  36. Research and Grant Other Research Activities Conferences, Seminars, Keynote Speeches. • In the U.S., and in Canada, Spain, England, France, Taiwan, Hong Kong Turkey, Portugal, Finland, Colombia, Japan, Korea, Thailand, Malaysia. • United Nations, World Bank & World Health Organization Media (domestic and international) Coverage of Research. • Fox News, Today Show, CBS News, Washington Post, Atlanta Journal- Constitution, Business Week, San Francisco Chronicle, TriCity Herald, Bild (GER), Sydsvenskan (SWE), Corriera Della Sera (ITA), Sabah, Milliyet, Posta (TUR), and the Denver Post and Rocky Mountain News. • Radio interviews from Australia to Ireland. The department seminar series. • 26 seminars over past two years (19 outside speakers). Writing referee reports. • Over 60 each year.

  37. Research and Grant Department Ranking-Labor, Health, Education, Welfare Top 20 Ranked Economic Departments 1 2 3 4 5 6 7 8 9 10 Harvard U UCLA U Chicago MIT Stanford U U California - Berkeley U North Carolina - Chapel Hill U Michigan - Ann Arbor Yale U Cornell U 11 12 13 14 15 16 17 18 19 20 U Wisconsin - Madison Columbia U U Maryland - College Park Dartmouth College U Pennsylvania Indian Statistical Institute U Essex Northwestern U U Toronto Princeton U USA USA USA USA USA India UK USA CAN USA USA USA USA USA USA USA USA USA USA USA Source: Department rank in JEL categories Labor and Demographic Economics, and Health, Education and Welfare.

  38. Research and Grant Department Ranking-Labor, Health, Education, Welfare Economic Departments Ranked 30-53 30 31 32 33 34 35 36 37 38 39 40 41 London School of Economics U Washington Washington U St Louis Duke U Chinese U Hong Kong U North Carolina - Greensboro Ohio State U U Laval U British Columbia Johns Hopkins U Georgetown U U Minnesota 42 43 44 45 46 47 48 49 50 51 52 53 Indiana-Purdue University Boston College U Colorado - Denver Penn State U U Bristol U Texas - Austin U New South Wales Carnegie Mellon U U Rochester U York Oxford U U California - Santa Barbara USA USA USA USA UK USA AUS USA USA UK UK USA UK USA USA USA China USA USA CAN CAN USA USA USA Source: Department rank in JEL categories Labor and Demographic Economics, and Health, Education and Welfare.

  39. Vision Vision Maintain our national prominence in:  Scholarly research. The quality of our Masters program. Retain our core faculty. Strengthen our research capabilities. Strategic hires in Health/Macro/Growth/Development. Continue to expand our external funding. Build on our interdisciplinary research record. (Institute for Public Policy & Decision Analysis)

  40. Vision Vision (cont.) Strengthen our Graduate program through: • New interdisciplinary dual degree programs.MA Econ / MA Stats. • MA Econ / Ph.D. Stats. • MA Econ / MPA (Public Admin.).  New interdisciplinary MA (Decision Analysis).  New Ph.D. (Applied Statistics).  School of Public Health. Strengthen our Undergraduate program through: A signature undergraduate degree program. New BA-Econ / BS-Finance Degree.

  41. The Department of Economics

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