Department of Economics

1. Department of Economics University of Colorado A Tradition of Excellence 1956-2006

2. History of the Economics Department Evolution of the Economics Department • In the late 1870’s, courses such as Economic Geology and Political Economy are offered. • In the early 1880’s a new course, School of Economy, is created. • In 1884 James W. Bell becomes first professor of political economy and history. • In 1906 the College of Commerce is established as part of the College of Liberal Arts. • In 1939 Economics is in the Department of Economics, Sociology, Political Science, and Anthropology Department. • In the early 1950’s Economics is part of the Department of Social Sciences. • In 1956 the Economics Department is independently listed by the University.

3. The Transient Economics Department • 1956-1959 located in Hellems • 1959-1966 located in Cristol Chemistry • 1966-1971 located in the Hellems Annex (present day Education). • 1971-Present located in the Economics Building (former location of the School of Business).

4. 1956-1966 Economics Faculty 1956-57 Farr, Grant Carr, Edwin Dugan, James El Mallakh, Ragaei Fishman, Leslie Garnsey, Morris Garret, Donald McGuire, Carl Zinke, George Zubrow, Reuben 1960-61 Brinser, Ayers Mc Clurg, Donald Myers, John 1963-64 Bhargava, R. N. Long, Neal Jr. Uphoff, Walter 1965-66 Cassels, John Dowling, J. Malcolm Glahe, Fred Johnson, Byron Phillips, Edward Poulson, Barry Repas, Robert Udis, Bernard 1961-62 Hansen, Hugh 1962-63 Guha, Ashok Miernyk, William 1957-58 Owen, Wyn

5. Reuben A. Zubrow Winner of the Thomas Jefferson Award An Economics founding faculty member, Professor Zubrow was a special tax consultant for Colorado, Nevada, and Nebraska. He was one of the senior authors of the Governor’s Colorado Tax Study which formed the basis for the state tax reform of 1959. I choose economics because the building was closest to my fraternity…I stayed in economics because I had Zubrow. -James Farquhar BA 1986

6. Ragaei El Mallakh An Economics founding faculty member, Professor El Mallakh co-founded the International Research Center for Energy and Economic Development (ICEED). Professor El Mallakh was a leading expert on energy and its relation to international economic development.

7. Carl McGuire An Economics founding faculty member, Professor McGuire served as department chair and co-founded the department center that would later become the International Research Center for Energy and Economic Development. Thanks to a generous donation, Economics Department excellence is furthered through the Carl McGuire Center for International Economics.

8. Wyn F. Owen The first Economics Institute was held in 1958 in Madison, Wisconsin with Professor Owen as its director. The next year the program was brought to Boulder. In 1975, under Professor Owen’s direction, the Economics Institute expanded from a summer program to a year-round program providing training for international students in business and economics.

9. Bud Udis Professor Bud Udis joined the Economics Department in 1965. As a prominent defense economist, Bud considered issues ranging from arms control, to military procurement, to trade in arms.

10. Barry Poulson Barry Poulson joined the Economics Department in 1965, specializing in development economics and economic history. Professor Poulson has served as the President of the North American Economics and Finance Association. Professor Poulson is an adjunct scholar at the Heritage Foundation and a Senior Fellow at the Independence Institute.

11. 1966-1976 Economics Faculty 1969-1970 Snowberger, Vinson Senesh, Lawrence 1972-73 Domont, Ronald G. Helburn, Suzanne Lee, Dwight R. 1966-67 Hsiao, Sheng Tieh Frank Powelson, John 1970-71 Shimizu, Yoshio Morris, John Howe, Charles 1967-68 Boulding, Kenneth Geer, Marshall Morrissett, Irving 1973-74 Markusen, Ann 1975-76 Eaton, Curtis Lipsey, Richard 1971-72 Davis, James Mcnown, Robert 1968-69 Ballantyne, Arnold Schrock, Nicholas Singell, Larry 1976-1977 Lewis, Stephen Brauch, Charles

12. Frank Hsiao Professor Frank Hsiao joined the Economics Department in 1966. Working in economic growth and mathematical economics, Professor Hsiao became an expert in East Asian development, particularly with regard to Taiwan. Professor Hsiao has been a Fulbright-Hays Fellow and been a visiting professor at the Hoover Institute, the Fairbank Center at Harvard University, Kansai University, and Nagoya University.

13. Curtis Eaton Professor Eaton is a University Professor and Professor of Economics at Calgary University. In his career as a microeconomic theorist, Professor Eaton has published over seventy scholarly articles and books while serving on the faculty at Calgary, the University of Toronto, Simon Fraser University, and the University of British Columbia. Curtis Eaton, CU Economics B.A. (1965) and CU Ph.D. (1969).

14. John P. Powelson Professor Powelson joined the Economics Faculty in 1966. As a scholar, Professor Powelson published over 100 contributions through books and journal articles.

15. Kenneth Boulding “In a sense, Economic Analysis established my respectability so that I have been able to be disreputable ever since.” Recipient of the Mahatma Gandhi Prize for Non-Violent Peace and the 4th Annual Lentz International Peace Award.

16. Charles Howe Charles Howe joined the Economics Faculty in 1970, serving as chair from 1972-76. Professor Howe is currently serving as the lead author on the water resources chapter for the Intergovernmental Panel on Climate Change (IPCC), as well as a member of the World Water Vision group sponsored by the World Bank and UNESCO.

17. Professor Singell joined the Economics Department in 1968. A distinguished labor economist, Larry provided departmental leadership as Economics Chair for two separate terms. Subsequently Larry served as Dean of the Leeds School of Business from 1993-1998 before returning to the Economics Department. Larry Singell

18. 1976-1986 Economics Faculty 1981-82 Kaempfer, William Kim, Invhul Kohli, Ulrich Lehman, Dale Maskus, Keith Owen, Anthony Potiowsky, Thomas 1976-77 Lillydahl, Jane Orr, Sarah Trimble, John 1983-84 Alm, James Bradley, Michael 1979-80 Hertzmark, Donald Thackray, Lydia Ash,John Bovet, Eric 1984-85 Akacem, Mohammed Chen, Ming Chien Kaempfer, William Schulze, William Waldman, Donald 1977-78 Bell, Trevor Bramhall, David McKee, Michael Webb, Roy 1980-81 Greenwood, Michael Hsiao, Mei-Chui Morey, Edward Mott, Tracey Pacey, Patricia 1982-83 Bradley, Michael Orr, Douglas 1978-79 Graves, Philip 1985-86 Guidotti, Pablo Peters, Elizabeth Roper, Donald

19. Michael J. Greenwood Michael Greenwood joined the Economics Department in 1980. As an urban and regional economist, Professor Greenwood has distinguished himself as a leading expert on economic migration. For many years Professor Greenwood served as Director for the Center for Economic Analysis.

20. Gary Hunt After graduating from CU, Gary Hunt worked for the Federal Reserve Bank of Chicago, the University of Colorado Center for Economic Analysis, East Carolina University, and the University of Maine. Hunt is currently a Professor of Economics at the University of Maine, continuing to work in demographic economics, spatial economics, and econometrics. CU Economics Ph.D. 1984

21. 1976-1986 Economics Faculty

22. 1986-1996 Economics Faculty 1990-91 Baghestani, Hamid Carlos, Ann Feeney, Joann Gianoulades, Andrea Khalil, Saadeldin Markusen, James Pelter, Barbara Robles, Barbara Zax, Jeffrey Prince, Raymond 1988-89 Byrns, Ralph Foster, Gladys Howrey, E. Philip Lee, Byung-Joo Olewiler. Nancy Pezzey, John Whittington, Leslie Carr, Thomas 1986-87 Cesario, Frank Shaw, Douglass Wang, Leonard Sullivan, Richard 1992-93 Jung, Woo Sik Kilkenny, Maureen Rutherford, Thomas Skoufias, Emmanuel 1987-88 Becker, Charles Anayiotos, George Kruse, Jamie McKee, Michael Pourgerami, Addas Prince, Raymond Shenfield, Arthur 1993-94 de Bartolome, Charles 1989-90 Bruce, Neil Cronshaw, Mark Hunt, Gary Zuchegno, Daniel 1994-95 Alston, Lee 1991-92 Kaplan, Jules G. Kohli, Ulrich Kulkarni, Kishore 1995-96 Flores, Nicholas Beauchemin, Kenneth Alberini, Anna

23. Alok Bohara After graduating from CU in 1986, Alok Bohara joined the faculty at the University of New Mexico where he is a Professor of Economics. As an applied econometrician, Professor Bohara has worked in environmental and development economics. CU Economics Ph.D. 1986

24. Leslie Whittington After graduating from CU, Leslie joined the faculty at Georgetown University where she became the Associate Dean of the Institute for Public Policy. Whittington’s research focused on taxation and family structure. Sadly Leslie and her family died on September 11, 2001. CU Economics Ph.D. 1989

25. James Markusen James Markusen joined the CU faculty in 1990 and served as department chair from 1991–1995. Professor Markusen has held the Stanford Calderwood Endowed Economics Chair at CU and in 2001 won the Jagdish Bhagwati Award for the most influential publication in international economics for 2000-2001. In 2006 Professor Markusen was designated a University of Colorado Distinguished Professor.

26. 1986-1996 Economics Faculty

27. 1996-2007 Economics Faculty 1996-97 Robles, Jack Chen, Yongmin Holland, Steven Morrow, Don Zhang, Kevin 2001-02 Pessach, Anna R. Walsh, Randall 2005-2006 Keller, Wolfgang Shiue, Carol Jennifer Lamping Tania Barham 2002-03 Mobarak, Amhed Mushfiq Rubunchik, Anna 1998-99 Boileau, Martin Canals-Cerda, Jose Carr, David 2003-04 Alston, Lee Savage, Scott Wang, Ruqu 2006-2007 Demirel, Ufuk Devrim Utar, Hale 1999-2000 Janeba, Eckhard McKinnish, Terra 2004-2005 Mertens, William Small, Rachel

28. 1996-2006 Economics Faculty

29. Nicholas Flores – City of Aspen, US EPA, National Center for Earth Surface Dynamics. Barry Poulson – Colorado Commission on Taxation, Center for Economic Education, Independence Institute. Jeffrey Zax – Colorado Departments of Transportation, Human ServicesTerra McKinnish – National Hunger Survey, Boulder County Food Bank. Edward Morey – National Oceanic and Atmospheric Administration. Donald Waldman – National Weather Service, US EPA. Tania Barham- World Band, Nicaragua, Yemen. Mushfiq Mobarak – Economics development Bangladesh, Brazil. Scott Savage – Communications policy advisor Botswana, Tanzania. Keith Maskus – Egypt, Indonesia, China, Lebanon, World Health Organization, World Intellectual Property Organization. James Markusen – Royal Commission on Economic Union and Development Prospects, Mexico’s Ministry of Trade. Yongmin Chen – U.S. Department of Justice, Swedish Competition Authority. Michael Greenwood – U.S. Commission for Immigration Reform. Connections Around the World

30. Special Thanks to the Economics Advisory Board Dr. Tucker Hart Adams Beverly A. Berman James C. Campbell Alan Cohen Dr. Kathleen B. Cooper James Fish Venita VanCaspell Harris Richard Meckley Andrew Safire Edward G. Sanders Dr. Chester N. Winter Dr. Deloris Wright Professor Luize E. Zubrow