Site News

Congratulations 2020 Economics Graduates

I want to congratulate all of the Economics Graduates of 2020. This has not been an easy year for those finishing their undergraduate studies. The fact that you are graduating is proof that you successfully navigated remote learning. This is a great accomplishment and it is to your credit that you have succeeded in this way. But this necessitated a separation of students from faculty and a narrowing of the College experience.

This is a tough time. It is unfortunate that you cannot attend an normal commencement with your family and friends to celebrate your achievement. But this does not lessen your achievement at all. You have successfully completed your studies and graduated with a degree in economics. I applaud you all. You deserve it.

I hope that despite all the special hardships you found your Penn State experience worthwhile, and that you will use your economics education with success in your future endeavors. Economics is a great profession, and the faculty and I are proud of you. We wish you all well in the next phase of your life.

Be healthy and be proud of your achievement. And remember us, we will remember you! Best of luck and be successful!

Barry W. Ickes, Department Head and Professor of Economics

Emeritus Professor James Jordan passed away Monday, January 25, 2021

We regret having to announce that Emeritus Professor James Jordan died on January 25, 2021 . He joined our Economics Department in 1998, and retired in 2017. He served as Acting Head of the Department from 2005 to 2007. He was appointed as Liberal Arts Professor of Economics in 2008. Before coming to Penn State, he was a member of the faculty at the University of Minnesota. Jim was a wonderful colleague and mentor and will be greatly missed. According to his wishes, there will be no funeral or obituary.

In Memoriam – Teh-wei Hu, Economics Faculty Member from 1966 to 1986

The Department of Economics is deeply saddened to announce that Dr. Teh-wei Hu, our former colleague and professor emeritus passed away on February 3, 2020.

Department of Economics introduces new Joint Undergraduate-MA Program

The Department of Economics is pleased to announce that we are now offering an integrated program allowing students to combine a B.A. or B.S. in Economics degree with a Master of Arts in Economics degree as a continuous program of study.

For IUG Program details, click here.

Kei Hirano elected a fellow of the IAAE

Congratulations to Kei Hirano for being elected a fellow of the International Association for Applied Econometrics. Kei joins his colleagues Ron Gallant and Patrik Guggenberger.


Ph.D. Graduate, Oleksii Khvastunov, passed away February 3, 2021

It is with our deepest sympathy to announce that former Penn State Graduate Student, Oleksii Khvastunov, passed away unexpectedly on February 3, 2021.  Oleksii graduated with his Ph.D. in Economics in the summer of 2017. He was born in the Ukraine on August 14, 1987, son of Oleg Khvastunov and Tetiana Khvastunov. Also survived by his brother Illia Khvastunov. 

A Celebration of Life Service will be held at 10:00 AM Sunday, February 21, 2021 and can be viewed on livestream. 

For information on Oleksii's memorial service, click here