University at Albany

Department News

Eco 110 being offered in 8W2 for Spring 2018

The Economics Department will be offering a section of Eco 110 (Principles of Economics I: Microeconomics) during the 8W2 session this semester. Class details are: Eco 110 (10957) 8W2 MWF 10:25AM-12:25PM HU020

The 8w2 session begins on Wednesday, March 21st and ends on Wednesday, May 9th. If you are interested in taking the class, please register as soon as possible or if you have any questions, contact our Academic Advisor Runie Mensche


Professor Hounyo wins the Denis Sargan Econometrics Prize

Professor Ulrich Hounyo receives the 2016 Denis Sargan Econometrics Prize and his paper titled as "Validity of Edgeworth expansions for realized volatility estimators" with Bezirgen Veliyev is selected as the best article by young economists published in the Econometrics Journal in 2016. For the official webpage, click here.


Akihiro Nomura receives Pong Lee Award

Akihiro Nomura is chosen as the recepient of the 2017 Pong S. Lee Endowed Award. The Pong S. Lee Endowed Award is annually given to a Ph.D. student for outstanding research in economics. In his paper "A life-cycle model with heterogeneous agents and money," he studies effects of inflation using Japanese data and shows that the impacts vary significantly across socio-economic groups.


Professor Chatterji receives Teaching Award

Professor Pinka Chatterji receives the 2017-2018 College of Arts and Sciences Dean's Award for Outstanding Achievement in Teaching. Her principles in economics course is one of the largest and most popular courses around the campus. She also teaches Economics of Health Care, which attracts many advanced undergraduate students who are interested in markets for health care.


Two faculty members join the department of economics

Dr. Ulrich Hounyo joins the faculty as an assistant professor. He completed his Ph.D. at University of Montreal. He is an expert in econometrics and financial economics. Dr. Daiqiang Zhang joins the department as an assistant professor after completing his Ph.D. at Texas A&M. His areas of experties are econometrics and industrial organization.


The department welcomes a new academic advisor, Runie Mensche

The department of Economics is pleased to introduce a new academic advisor, Runie Mensche. He begins work at the department of economics from Fall 2017. He will perform a wide variety of tasks to advise and help economics majors.


Department of Economics moved to Building 25

In July 2017, the Department of Economics moved to Building 25. The building is located 800 feet west of the Podium, directly on the east-west access the Podium. The building is situated among a grove of trees on three sides. The building has an independent parking lot with around 50 parking spaces.


PhD Student Yimeng Yin wins Award for Best Public Finance Paper

PhD student Yimeng Yin's paper "Investment Risk-Taking by Public Pension Plans: Potential Consequences for Pension Funds, State and Local Governments, and Stake holders" with Donald J. Boyd at the Rockefellor Institute of Government won the award for Best Public Finance Paper at the 6th Annual Municipal Finance Conference hosted by the Brookings Institution.


Distinguished Professor Kajal Lahiri ranked among top 5% based on record of graduates

In March 2017, Distinguished Professor Kajal Lahiri was ranked among the top 5% of authors worldwide according to IDEAS based on the record of their graduate students. He has been the primary PhD advisor of 56 students, 18 of whom have received the coveted University Distinguished Doctoral Dissertation Award.


HansungSang-Han Lee, PhD Alumnus and President of Hansung University of Seoul, South Korea signs MOU between Hansung and UAlbany

Lee, ’89 Ph.D.(Economics), visited campus to sign a memorandum of understanding between UAlbany and Hansung University which will promote mutual faculty development, dual degrees and shared academic activities.

IMF honors Distinguished Professor Kajal Lahiri on the occasion of his 70th birthday

During April 26-27, the Research Department of the International Monetary Fund hosted a workshop ‘Forecasting Issues in Developing Economies’ in Honor of Distinguished Professor Kajal Lahiri. Over fifty economists from around the world were invited to participate including few of his former PhDs: Christie Teigland (1986), Susmita Dasgupta (1992), Anthony Davies (1994), Jay Song (1999), Chuanming Gao (2000), Simon Sheng (2009), Herbert Zhao (2014) and Xiaomei Li (2014). Professor Lahiri’s keynote lecture entitled “The International Transmission of Shocks: A Factor Structural Analysis using Forecasts Data”.  A selection of papers presented at the conference is scheduled to be published in a special issue of the International Journal of Forecasting.

Economics students participate in the 2017 Undergraduate Research Conference

Four Economics undergraduates, Deirdre Curry (homepage on left), Katherine Tare (homepage on right), Sebastian Herrera (pictured on left) and Maksim Papenkov (pictured on left), participated in the 14th Annual Undergraduate Research Conference. Curry and Herrera won Presidential UG Research Awards.             


Associate Professor Gerald Marschke receives grant from the National Science Foundation.

Dr. Marschke has been awarded a $500,000 grant from the National Science Foundation for his project, "Labor Market Outcomes of STEM PhDs: Measuring Career Earnings and Occupation Trajectories."

Assistant Professor Chun-Yu Ho researches on Financial Liberalization in China

Dr. Ho is a featured visiting fellow in the latest newsletter of Hong Kong Institute of Monetary Research (HKMR). His research examines the effects of foreign bank entry on domestic banks in China.

Yue Li AEA interview

Assistant Professor Yue Li Interview at the 2017 AEA Poster Session

Dr. Yue Li was interviewed at the 2017 AEA Poster Session on how people think about saving for retirement.

Yue Li AEA interview

The Department welcomes two new faculty members

Dr. Ibrahim Gunay joins the faculty as an assistant professor from the University of Michigan. His research is in International Trade. Dr. Chun-Yu Ho also joins the faculty as an assistant professor. He completed his Ph.D. at Boston University and has held previous faculty positions at the Georgia Institute of Technology and Shanghai Jiao Tong University. His area of expertise is Industrial Organization.

SiwachPh.D. Candidate Garima Siwach wins First Place Poster Award at APPAM Fall Conference

Garima Siwach wins First Place for her poster, "Unemployment Shocks for Individuals on the Margin: Exploring the Recidivism Effects," at the Association for Public Policy Analysis Fall 2016 Research Conference. (Watch her poster presentation at left.)


Michael Luca presents a research paper at his Alma Mater

Michael Luca, Assistant Professor of Business Administration at Harvard Business School returned to department of economics from where he graduated with a Bachelor of Science degree in 2003. He presented a paper showing on discrimination in the sharing economy. Online marketplaces increasingly choose to reduce the anonymity of buyers and sellers in order to facilitate trust. Michael and his coauthors demonstrate that this common market design choice results in an important unintended consequence: racial discrimination.

Photo: Michael Luca, third from the right, with the Economics professors who taught him while at UAlbany.

Zana Beck wins Undergraduate Research Award

Zana Beck, BS with Honors 2016, has won the 2016 Presidential Award for Undergraduate Research. Zana’s work looks at the efficacy of laws aimed to prevent underage alcohol consumption. While the results indicate that the beer keg registration has had little impact they do suggest that moving to vertical drivers licenses for under 21s have proven effective.

Photo: Zana Beck with a poster summarizing her research at the Economics graduation ceremony 2016.