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U.Va. Economists Shine New Light on Effectiveness of Vocational Rehab Programs

With the help of a new $2.5 million grant, a ‘quantum leap’ improvement in measurement is coming just as state legislatures are increasingly questioning the effectiveness of vocational rehabilitation programs.....

To read the rest of  H. Brevy Cannon's article about Profs. John Pepper and Steven Stern's research, please click here

In Memoriam: Professor John James

 It is with great sorrow that we announce the passing of our colleague John James

John joined the Department of Economics at the University of Virginia in 1973 and UVa's Corcoran Department of History at a later date. He was a leading scholar in economic history, combining the archival methodology of history with the quantitative statistical tools of economics.  John served as a visiting faculty member at many universities on several continents and was awarded prestigious prizes and fellowships for his work. These included Guggenheim, Danforth, Woodrow Wilson and National Science Foundation fellowships. In addition John was a visiting fellow at All Souls College at Oxford University.

 A few of Professor James' collegues wrote a rememberance of him that was read at his memorial service.  You can read the full document here:  John Allen James: A Scholarly Remembrance.


Job Search Resources

Looking for a job? Start here.

Refer to our Job Search Resources for Econ Majors handout as a starting point in your career search! The document includes job databases, guides, and University-specific resources.


Career Events

Resources and Links for U.Va. Career Events

Economics Career Office Events for the 2014-2015 fall semester:

Fall 2014 Career Panels for Economics Majors (Students, click here to register in Econnect. Registration is required. All programs request at least business casual dress.)
Events are held Fridays at Noon in Monroe 118, except where indicated by an asterisk. Receptions follow in Monroe 120



Corporate Finance (in distinct industries or firms)  


*Investment Banking


Consulting - Economic and Management


Investment Management


Big Data


***Consumer Services (Includes marketing, manufacturing, and supply chain)


Public Policy Research and Think Tanks


***Internship Panel - Current majors speak about their summer internships (open to all A & S students). Consider attending before the UCS job fair the following week.


Government, Non-profit, and Associations


International Development



*This program will be held at 10:00 am in Newcomb Hall South Meeting Room.
**This program will be held on Thursday 10/9 at 6:00 pm in Monroe 116.
***This program will be held in Monroe 124.

Students must register through Econnect to attend.

Employers are welcome to contact the ECO about participating.


The events below are sponsored by the University and other career offices and are open to all students. The ECO encourages all majors to attend these events.

University Career Services, (UCS), provides a career events calendar and links to Career Fairs sponsored by UCS, the McIntire School of Commerce, and the School of Engineering and Applied Science, among others. 

Before and after these events, be sure to refer back to our handy Career Planning Timeline for Economics Majors!

University Career Fairs and Events:











2014 Department of Economics Graduation Ceremony

To view the 2014 economics graduation ceremony, please click here

Spring 2015 Course announcements and New Faculty!

The Department of Economics is delighted to welcome Karim Chalak, Denis Nekipelov, Andrew Kloosterman, and Peter Troyan as new faculty members!

Please read more about our new professors below (listed in alphabetical order). If you have any questions please feel free to contact Elysia (Ellie) Fung,


These are exciting times for the Economics program! The University is investing in hiring faculty in Economics as well as strengthening the program offerings. Let me introduce the four new faculty members who are teaching in 2014-15 (more on ):


  • Denis Nekipelov, who comes to UVa from Berkeley after receiving his PhD at Duke, uses advanced methods to study auctions and firm behavior in the context of high-dimensional data. Mr. Nekipelov is currently teaching Econometric Methods (ECON 4720).
  • Karim Chalik, who received his PhD from UC-San Diego, is an econometrician who uses advanced methods to consider inference in difficult modeling contexts such as when data are of poor quality or when there are networks interactions. Mr. Chalik will be teaching Introduction to Econometrics (ECON 3720) in Spring 2015.
  • Pete Troyan comes to UVa from Stanford as a micro-theorist who is working on problems of “mechanism design”, which concerns allocation in activities like school choice or job assignment in the military where prices may not be assigned to choices. Mr. Troyan will be teaching Intermediate Microeconomics (ECON 3010) in Spring 2015.
  • Andrew Kloosterman received his PhD from NYU and has an active research portfolio examining how information flows, including whether announcements are public or private, affects firm and individual decision making. Mr. Kloosterman will be teaching Intermediate Microeconomics (ECON 3010) in Spring 2015.

In addition to familiar upper level courses, we are pleased that we are able to offer new courses taught by distinguished professional Economists from outside the University, thanks in part to private support through the Innovation & Excellence Fund. These courses include Economics of the Middle East taught by Julia Devlin from the Brookings Institution, Advanced Money and Banking taught by John Weinberg who is a senior vice president at the Federal Reserve Bank of Richmond, and Empirical Finance taught by Steve Peterson who is the director of research for the Virginia Retirement System. See the full descriptions below.

            Again, we are pleased that we are able to offer terrific courses in Spring 2015 and beyond. We hope you continue to thrive within this department and at the University! Please send any questions to


ECON 3630: Economics of the Middle East and North Africa

Prerequisite: Econ 2010 and 2020.
This course surveys growth and economic development challenges facing countries in the Middle East/North Africa region (MENA) with an emphasis on theory and practice. Topics covered include development strategies since 1950 as well as specific challenges facing policymakers today including (i) managing oil price volatility and economic diversification; (ii) rising water scarcity and agricultural policy; (iii) demographic dynamism, high rates of youth unemployment and segmented labor markets; (iv) low productivity and generally weak trade and investment performance; (v) rising inequality and (vi) challenges of development in conflict and transition environments. The course adopts a problem-solving approach, taking into account political, social as well as economic realities and includes case studies and analysis of specific country and sector programs. Course requirements include a development project competition in which students design a development project for a MENA country and present the concept to a group of development practitioners for review and commentary.  

Julia Devlin

Ms. Devlin is a Nonresident Senior Fellow at The Brookings Institution and has been a Lecturer in Economics at the University of Virginia where she has taught a course on Economics of the Middle East and North Africa. She has been a consultant for the World Bank Group and other development institutions in addition to her work with Global Economy and Development at Brookings. From 1998-2011 she was a staff member at the World Bank Group and held a number of positions focusing on country operations and development policy with specific emphasis on the Middle East and North Africa as well as issues of commodity dependence, trade liberalization, private sector development and development effectiveness. She has published articles and books in these areas and maintained a number of academic affiliations including teaching courses at Harvard University, Johns Hopkins University, New York University as well as the University of Virginia.  She began her career as a Visiting Assistant Professor in the School of Foreign Service at Georgetown University in 1995 and holds a Ph.D. in Economics from George Mason University (1995), an M.A. in Economics from the University of Virginia (1993), an M.A. in Arab Studies from the Georgetown University School of Foreign Service (1990) and a B.A. in Economics from the University of Virginia (1988).


ECON 4559: Advanced Money & Banking

Prerequisites ECON 3010 and ECON 3020

Studies money and banking beyond the intermediate level. Studies the role of money in the economic system, with emphasis on monetary policy and theory. Also addresses the sources of financial instability, with an application of the theory of financial intermediation to the financial crisis of 2007-2008 and the implications for financial regulation.

John Weinberg

Mr. Weinberg is senior vice president and research director for the Federal Reserve Bank of Richmond’s Research Department. Before joining the Richmond Fed in 1992, he held a faculty position at Purdue University. Mr. Weinberg is the author of numerous papers and publications. His research interests include contract theory, financial intermediation and industrial organization, and he leads the Richmond Fed Research Department’s work on monetary and financial stability policy. Mr. Weinberg holds a B.A. from the University of Pennsylvania (1979) and a Ph.D. from the University of Minnesota (1987).


ECON 4360: Empirical Finance

Prerequisite: ECON 4720 (minimum grade B)

Develop and analyze properties of pricing models for fixed income instruments, equity, and derivative securities.  Construct optimal portfolios of these securities, analyze their behavior and risk characteristics and manage these risks to various objective functions.  Test various theories of asset pricing and asset allocation and draw from these elements that guide us in financial decision-making. 

Steve Peterson

Mr. Peterson is the Director of Research and Senior Risk Officer at the Virginia Retirement System and a former Associate Professor of Economics at Virginia Commonwealth University.  His areas of expertise are in Econometrics, Monetary Theory, and Finance.  Mr. Peterson holds a B.A. in Political Science and a M.A. in Economics from Bowling Green State University and a Ph.D. in Economics from Indiana University.

The Secret Life of Ken Elzinga

Professor has written four murder mysteries under a pseudonym


Professor Ken Elzinga would kill to teach you economics. On paper, at least.

The revered U.Va. professor—who has taught more than 40,000  U.Va. students since 1967—has all the while been penning murder mysteries on the side, under the pen name Marshall Jevons, with a protagonist who solves crime using economic theory.....

To read Ms. Jaffee's article, please click here


Congrats to Prof. Amalia Miller on her IZA Young Labor Economist Award!

Congratulations to Prof Amalia Miller and her colleagues, Martha Bailey and Brad Hershbein, on their award from the IZA Young Labor Economists. (

"IZA Prize in Labor Economics", awarded annually since 2002, has become one of the most distinguished international awards in economics. In 2006, IZA has additionally established the "IZA Young Labor Economist Award" to honor an outstanding published paper in labor economics written by young researchers. To qualify for the award, all authors of the paper must be younger than 40 years of age at the time of publication. The prize money of 5,000 Euros is shared between the authors. The selection process starts with nominations sent in by IZA Research Fellows. The nominated papers are then be screened by the IZA Program Directors, who propose three papers each. On the basis of these proposals, the prize-winner(s) will be selected. ;The establishment of this award reflects IZA's strong ambition to support young and aspiring academics. It is meant to provide an additional incentive for this group to conduct high-quality research in labor economics," explained IZA Director Klaus F. Zimmermann.

2013 Economics Department Graduation Ceremony

May 19, 2013

Need a tutor?

We have graduate and ungraduate students that are willing to tutor economics undergraduates. This service is organized by the Economics Graduate Department and Econ Club, respectively. Please note that we make no claims about these graduate students' competency as tutors beyond verifying that they are in at least their second year of graduate work in the Department of Economics. In rare cases, a first-year graduate student may also be permitted to list here. The undergraduate students are recruited through the Econ Club. Again, we make no claims about these undergraduate students' competency. To Find a tutor to help you, click here!