Indiana University-Purdue University Indianapolis
Economics


Welcome to the Department of Economics

Economics Faculty on the rooftop of their home, Cavanaugh Hall

Spotlight

In Memoriam


1950-2013

We are deeply saddened by the passing of Mark B. Chappell.  Mr. Chappell served as a Trustee Lecturer in Economics at the IU School of Liberal Arts at IUPUI since 2004 and as a visiting lecturer in 2003, teaching economics principles to thousands of students.  From 2000-2003 he held  various adjunct faculty appointments at IUPUI, the University of Indianapolis, Franklin College, Vincennes University, and Oakland City University.  Prior to pursuing college teaching, Mr. Chappell worked in management for nearly 25 years at American States Insurance Group, where he retired as Vice-President of Corporate Planning. Mark Chappell held a Master of Arts degree in Economics from Indiana University and a Bachelor of Arts degree in Economics from Hanover College.

Mark was a quiet and friendly colleague, always happy to lend a hand wherever help was needed. Students benefitted from Mark’s ability to relate economic principles to the issues of the day and to situations he encountered in the corporate world.  As a former basketball player at Hanover, he was a great fan of IU basketball and was always happy to engage students on that topic as a gateway to lead the discussion towards economics. He was a very popular instructor.

Background Prior to IUPUI

American States Insurance Group, 1974 -1998.
(Retired as)
Assistant Vice President 
Director of Investor Relations and Strategic Planning
 


Professor Carlin and Dean Tian (Shanghai University of Finance and Economics) signing Master’s program enrollment agreement.

MASTER of Arts in ECONOMICS  

The Department of Economics is pleased to announce that it now offers three concentrations in the MA program.  Each concentration requires 30 hours of coursework, including 6 hours of electives outside of economics.  The General Econometrics concentration is designed to give students general skills in interpreting and analyzing data that are suitable for a wide variety of jobs in business and government.  The concentration in Health Economics prepares students for work in the health industry and for private and government research positions that examine various impacts of health on the economy.  The third concentration, PhD Prep, prepares students to enter a PhD program in economics by emphasizing more theoretically rigorous courses and fewer applied courses.  Please click here for more information.
 

The IUPUI Department of Economics proudly announces the hiring of senior health economist and applied econometrician, Joseph V. Terza. Professor Terza joins us from the University of North Carolina-Greensboro; prior to that appointment he was at the University of Florida and the Medical College of South Carolina. For nearly two decades before that he was a member of the Department of Economics at Penn State. Professor Terza conducts empirical research in health economics and has developed a number of new econometric techniques designed to improve the empirical analysis of health care issues.


Professor Terza’s main interest in applied econometrics has been nonlinear models, with special attention to binary response models which suffer from censoring and/or endogeneity bias. Professor Terza’s paper on two-stage residual inclusion has been extremely influential. In fact, a distinguished health econometrician has noted that it "...changed the way health economists estimate models that are nonlinear and have an endogenous explanatory variable. These models are common and his methods are now widely used."  

Professor Terza’s recent health care research has focused on:

  • Earnings and re-employment of individuals with spinal cord injuries;
  • Drug use and hospital costs;
  • Drinking alcohol during pregnancy; and
  • Alcohol abuse in general

His research has been widely published in health services, economics and econometric journals and has recently been supported by grants from the:

  • National Cancer Institute
  • National Institutes of Health
  • National Institute on Alcohol Abuse and Alcoholism
  • Agency for Healthcare Research and Quality
  • National Institute of Child Health and Human Development
  • Robert Wood Johnson Foundation

Professor Terza will teach a health econometrics course in our doctoral program starting this coming January.

The Department Chair, Professor Paul Carlin, and Assistant Professor Ye Zhang, recently returned from a trip to China. They met with Professor Carlin’s former colleague and most recent IU honorary degree recipient, Yi Gang.

The Department Chair, Professor Paul Carlin, and Assistant Professor Ye Zhang, recently returned from a trip to China. They met with Professor Carlin’s former colleague and most recent IU honorary degree recipient, Yi Gang.

Dr. Yi is currently the Deputy Governor of the People’s Bank of China and Director of the State Administration of Foreign Exchange. Governor Yi assisted the department in setting up meetings in Beijing and Shanghai with students, faculty and administrators concerning graduate exchange programs, doctoral recruitment and other educational cooperation. They met with representatives from Beijing Normal University (School of Economics and Business Administration), the Central University of Finance and Economics (School of Economics), Peking University (National School of Development), and the University of International Business and Economics (School of Risk and Insurance) in Beijing.

In Shanghai they met with groups at Fudan University (School of Economics), Shanghai Jiao Tong University (Antai College of Economics and Management), and the Shanghai University of Finance and Exchange (SUFE)  (School of Economics). While at SUFE, they had a chance to catch up with former IUPUI M.A. student, Feng Liu, now an assistant professor there after getting his PhD from Cornell, and his wife, Yang Wang.

Dr. Yi is currently the Deputy Governor of the People’s Bank of China and Director of the State Administration of Foreign Exchange. Governor Yi assisted the department in setting up meetings in Beijing and Shanghai with students, faculty and administrators concerning graduate exchange programs, doctoral recruitment and other educational cooperation. They met with representatives from Beijing Normal University (School of Economics and Business Administration), the Central University of Finance and Economics (School of Economics), Peking University (National School of Development), and the University of International Business and Economics (School of Risk and Insurance) in Beijing.

In Shanghai they met with groups at Fudan University (School of Economics), Shanghai Jiao Tong University (Antai College of Economics and Management), and the Shanghai University of Finance and Exchange (SUFE) (School of Economics). While at SUFE, they had a chance to catch up with former IUPUI M.A. student, Feng Liu, now an assistant professor there after getting his PhD from Cornell, and his wife, Yang Wang.

IUPUI welcomes its new assistant professor, Henry [Ying-hin] Mak. Henry received his Ph.D. from Boston University in 2011 and has been a Max Weber post doctoral fellow at the European University Institute in Florence, Italy for the past year. He is an Albert Ma student and has research interests in industrial organization, health economics and public economics. His current research focuses on information and incentive issues in health care markets. 

Henry Mak

IUPUI Economics Hosted Midwest Health Economics Conference, May 10-12th, 2012.

The Center for Health Economics Research and the School of Liberal Arts’ Department of Economics at Indiana University-Purdue University Indianapolis hosted the Third Annual Midwest Health Economics Conference on Thursday, May 10, and Friday, May 11. The conference included presentations and discussion of the latest health economics research.

Researchers from the following institutions contributed papers: Dartmouth University, Ingenix Consulting, Indiana University (Bloomington), IUPUI, Northwestern University, Rand, Yale University, University of Chicago, University of Illinois, University of Michigan, University of Minnesota, University of Toronto, University of Wisconsin.

Sessions Included:

  • Effects of Expanding Publicly Funded Health Insurance Coverage
  • Prescription Drug Regulations Effects on Utilization and Unintended Consequences
  • Issues in Measurement and Reporting
  • Hospitals: Capacity and Utilization
  • Employment Health Insurance and Employment Outcomes

Economists attended from as far away as Germany and as close as Ball State.

Support was provided by the IUPUI Conference Fund (Office of Academic Affairs), the IU School of Liberal Arts at IUPUI and the IUPUI Department of Economics.

Featured in Inside Indiana Business with Gerry Dick

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Graduate Programs in Economics at IUPUI

Economics Seminar Schedule