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, firstname.lastname@example.org:
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 http://economics.virginia.edu/news ):
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 email@example.com.
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.
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.
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.
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.