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ECONOMICS


ECONOMICS: IT’S MORE THAN YOU THINK!

The principles of economics can be used to answer questions such as: Does taxing
carbon emissions spur investments in cleaner technologies? What types of
educational policies close income- and race-based gaps in college attendance?
Why do men and women specialize in different household responsibilities?



ECONOMICS

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CONTACT

Diamond, 3rd floor
5230 Mayflower Hill
Waterville, Maine 04901
P: 207-859-5230
F: 207-859-5248


DEPARTMENT CHAIRS

 * Tim Hubbard, chair (timothy.hubbard@colby.edu)
 * Dan LaFave, associate chair (drlafave@colby.edu)


ABOUT ECONOMICS

You may think economics is the study of money, markets, and business. Although
economists do study business cycles, the stock market, and inflation, economics
is much more than that! Rather than a set of topics, economics is a toolkit that
can be used to ask and answer questions about human behavior with the goal of
improving people’s lives.

Economists study topics as diverse as the gender wage gap, health in developing
countries, and the role of government programs in addressing poverty. Our
program will teach you the theoretical and empirical tools that economists use
to understand decision-making by individuals, firms, institutions, and
governments, and how to apply those tools to solve human problems.

Our graduates go on to pursue careers in federal, state, and local government;
policy and research organizations like the Federal Reserve, the World Bank, and
the Brookings Institution; and private companies such as Google, Morgan Stanley,
and the Boston Consulting Group. In addition, our alumni place at some of the
top graduate schools in the world.

The Economics major at Colby has been designated a STEM major, with a CIP code
of 45.0603 (“Econometrics and Quantitative Economics”).


FACULTY AND STAFF

We take great pride in the breadth of expertise across our faculty, who teach
classes and maintain active research agendas in many different fields within the
discipline.


JORDAN BAZAK

Visiting Assistant Professor of Economics

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MICHAEL DONIHUE

Herbert E. Wadsworth 1892 Professor of Economics; Associate Vice President for
Academic Affairs and Associate Dean of Faculty, 2008-2010

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LINWOOD DOWNS

Assistant Professor of Economics

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KATHRIN ELLIEROTH

Assistant Professor of Economics

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YANG FAN

Todger Anderson Assistant Professor of Investing and Behavioral Economics

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DAVE FINDLAY

Pugh Family Professor of Economics

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PATRICE FRANKO

Grossman Professor of Economics; Chair of Global Studies Program

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ERIN GIFFIN

Assistant Professor of Economics

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SAMARA GUNTER

Associate Professor of Economics

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TIM HUBBARD

Associate Professor of Economics; Chair of Economics

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DANIEL LAFAVE

Associate Professor of Economics

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ROB LESTER

Associate Professor of Economics

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JEN MEREDITH

Assistant Professor of Economics

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LACKSON MUDENDA

Visiting Assistant Professor of Economics

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SANVAL NASIM

Assistant Professor

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STEPHANIE OWEN

Assistant Professor of Economics

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BENJAMIN SCHARADIN

Assistant Professor of Economics

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EKATERINA SEREGINA

Douglas Assistant Professor of Economics and Finance

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JAMES SIODLA

Associate Professor of Economics

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MICHAEL SOLOMON

Visiting Assistant Professor of Economics

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ANDREAS WALDKIRCH

The Mitchell Family Professor of Economics

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YAOJUE XU

Visiting Assistant Professor of Economics

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EMERITI


 * Debra A. Barbezat, M.A. ’04, Ph.D. (Smith, Michigan), 1992-2017, Mitchell
   Family Professor of Economics, Emerita
 * Henry A. Gemery, M.A. ’77, Ph.D., 1961-2002, Pugh Family Professor of
   Economics, Emeritus
 * James W. Meehan, M.A. ’82, Ph.D., 1973-2012, Herbert E. Wadsworth Professor
   of Economics, Emeritus
 * Douglas C. Terp ’84, M.B.A. (Colby, Thomas), 1987-2022, Vice President for
   Administration and Chief Financial Officer; Professor of Economics, Emeritus
 * Thomas H. Tietenberg, M.A. ’84, Ph.D., 1977-2008, Mitchell Family Professor
   of Economics, Emeritus
 * Randy A. Nelson, M.A. ’90, Ph.D. (Northern Illinois, Illinois), 1987-2022,
   Douglas Professor of Economics and Finance, Emeritus


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