There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. A minor in economics is open to students enrolled in any college. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE).
A departmental honors program provides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students.
Penn State now offers a two-year program designated only for the M.A. degree in economics. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree
With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. Students who receive a Ph.D. from Penn State and whose doctoral research is excellent have been recruited and sought after by leading academic and research institutions: our Ph.D. students have obtained tenure-track positions at Chicago, Harvard, Johns Hopkins, MIT, Northwestern, NYU, UPenn and many more.
Kyungmin Kim from Emory University will present “The Limits of Monopoly Pricing and Positioning” joint work with Nenad Kos (Bocconi)
Abstract: We consider the monopoly problem in Hotelling’s linear city model and study the extent to which the market outcome depends on the distribution of consumers. Specifically, we characterize the monopoly firm’s profit guarantee---the lowest profit it would achieve under any distribution---and explicitly construct a (seller-worst) distribution that yields the lowest profit. We also characterize an essentially unique (consumer-optimal) distribution that maximizes consumer surplus.