The Yrjö Jahnsson Award is equivalent to the John Bates Clark Medal given in the US. The John Bates Clark Medal is widely regarded as one of the field’s most prestigious awards...second only to the Nobel Prize in Economics.

The Department of Economics at the University of Minnesota has for decades been a recognized world leader in advancing economic science and producing its future leaders. “Minnesota Economics” is known throughout the profession as combining theoretical rigor and the careful use of data to address economic questions.

Adway De, a graduate student in the Department of Economics, is switching up the way he teaches undergraduate economics students. He is bringing his involvement with UMN Energy Club into the classroom and seeing that the benefits certainly outweigh the costs.

Joaquin Garcia-Cabo came to the US with a prestigious master’s degree and an interest in macro and labor economics. As he completes his PhD program, his job market paper introduces a new model to understand the effects of firing costs on human capital accumulation, job cyclicality, and the persistence of job loss for Spanish workers. His research can be used to analyze the costs and benefits of future policies.

When Mons Chan started out as an undergraduate economics major, he didn’t want to just learn, he wanted to learn how to get things done. Economics, he came to realize, would give him the tools to contribute to positive change in the world. Now, as he wraps up the final year of his PhD program, Mons’ research on trade patterns is producing detailed information that policymakers will be able to use to ensure more people are better off.

It’s not every day that we have a Nobel Prize winner on campus to advise undergraduates, present a public lecture, receive an honorary degree, and cheer on the home team. Learn about Professor Daniel McFadden’s recent trip to the University of Minnesota.

Middle- and working-class workers’ earnings in the US have been stagnating or sinking in recent decades, according to a study conducted by a group of researchers that included the University of Minnesota’s Fatih Guvenen, Ph.D., Curtis L. Carlson professor of economics in the College of Liberal Arts.

By pairing economics with a major in global studies and extracurriculars, senior Riley Runnoe graduated this May with the knowledge, skills, and experience to pursue his passion for development economics.

Economist Fatih Guvenen talks about American workers’ tough financial times and the need for the country to confront the inevitable change from a manufacturing to a service economy.