Subscribe to our email list
Professors Stephen Smith, Arun Malik, Chao Wei, and Fred Joutz at graduation ceremony.

To the Alumni and Friends of the GW Department of Economics 

Welcome to our fall newsletter, the first in our move to a biannual newsletter. The past academic year saw the department continuing to build on its success. Our undergraduate and graduate programs continue to grow. We saw 148 students in the Columbian College graduating with an economics major.  We also had 18 students successfully completing their PhD dissertations. Doctoral students on the academic market received tenure-track appointments in institutions with strong research programs. Those on the non-academic track also obtained excellent placements (World Bank, IMF, Federal Reserve Board, Bureau of Economic Analysis etc.). We are really very proud of our 2016 graduates! We are also very proud of our faculty, current students and alumni. The items in the newsletter list some of their accomplishments. We wish you the best for the coming academic year. 

Department Spotlights

Christopher Varvares, BA ’77, senior managing director and co-founder of Macroeconomic Advisers, LLC, delivered the spring 2016 Economics Alumni Network Lecture. In 1982, he teamed with Joel Prakken and Larry Meyer to form what would become Macroeconomic Advisors, one of the foremost economic forecasting and consulting firms. Today the firm provides forecasts and analysis that are used in business, academia and the popular press. In a presentation that was both lively and informative, Chis discussed both his most recent forecasts and the sources of uncertainty going forward because of the difficulty of understanding departures of recent investment behavior compared to historical determinants of investment. The Economics Alumni Network Lecture includes a reception prior to the talk which this spring was attended by close to 70 alumni.
Joseph Pelzman
Joseph Pelzman’s new book Spillover Effects of China GoingGlobal
Professor Irene Foster received the 2016 Robert W. Kenny Prize for Innovation in Teaching of Introductory Economics.
Professor Remi Jedwab was promoted to tenured associate professor of economics, and Professor Maggie Chen was promoted to professor of economics.
Professor Joseph Pelzman has published another book! Pre-order your copy of Spillover Effects of China Going Global at http://bit.ly/2caGw8V.
Cigdem Akin, PhD ’09, is a public management economist at the South Asia Department of the Asian Development Bank in Manila, Philippines.
Vikram Bakhru, BA, BS ’01, is currently living in San Francisco working for a venture-backed telemedicine company called First Opinion. He is also still involved in patient care at UCSF Medical Center. If you happen to be in the Bay Area, feel free to get in touch!
Daniel Barkan, BA ’84, after a 25-year career on Wall Street trading currencies, interest rates, credit  and equities at Bankers Trust, Soros Fund Management and Deutsche Bank, is now a global macroeconomic adviser to funds, banks and leveraged finance groups around the world.
Will Larson, PhD ’11, returns to campus to give a paper in the Herman Stekler Forecasting Workshop. Will has had a really diverse career path thus far. As a graduate student, he was an RA at GW, IMF and the U.S. Senate Committee on Finance. He worked as the manager of modeling and forecasting and web analytics for The Washington Post and as a consultant. He was a research economist at the Bureau of Economic Analysis and is currently senior economist at the Federal Housing Finance Agency. In spite of all this employment activity, Will has managed to publish two papers in the Journal of Urban Economics, and one each in Real Estate Economics, Economic Inquiry, Journal of Monetary Economics, Proceedings of the National Academy of Science and International Encyclopedia of Housing and Home. Recently he, along with William Doerner and Alex Bogin, have created zip code level measures of house price appreciation for United States cities from 1983 to the present which should be valuable in a variety of economic applications.
Yeshwant Chillakuru is a senior majoring in economics and biology in the seven-year accelerated BA/MD program at GW. As an avid runner, he saw that the full potential of charity running was not being reached. By working with nonprofits and runners, he and his co-founder Charles Dorward created Project Dream Miles to make charity running simple and engaging, allowing runners to raise 10 cents or more for every mile they run. Through the Rhodes or Marshall Scholarships, Yeshwant hopes to pursue master’s degrees in public health financing and management before returning to medical school at GW. He aims to apply his entrepreneurial background to bringing novel, effective health technologies to market and improving public health outcomes.
The Applied Economics Master's Program began its second year with more than 40 students enrolled, including around 20 new students who joined the program in fall 2017. Applied economics has proven to be popular among a wide range of students, and the program includes a mix of students who are recent graduates and those with work experience, students who studied in the United States and those who studied abroad and those with backgrounds in economics and other fields. Several new initiatives are underway, including creating joint applied MA-certificate degrees with other graduate programs at GW, developing a partnership with a local business economics organization and expanding course offerings in the applied economics MA program. 

Department Events

Save the Date! Please join the department and your fellow alumni on Friday, January 6, 2017, for our second annual alumni reception to be held during the ASSA meeting in Chicago. 

Donor Recognition

The Department of Economics would like to gratefully acknowledge the following generous donors who made a gift to the department from July 1, 2015 – June 30, 2016.
  • National Economics Research Associates
  • The KPMG Foundation
  • Vanguard Charitable Endowment Program
  • Anthony W. Arias, BA ’11
  • Maya C. Atta-Mensah, BA ’16
  • Caitlin S. Barbas, BA ’16
  • C. Frampton Chowenhill, BA ’53
  • Engin Civan, MPhil ’85
  • Betty Crites Dillon, SGB ’82, BA ’83
  • Deena A. Elmeged~ Qing Feng, BA ’16
  • Jordan Kellogg Frank, BA ’12
  • John Thomas Gaffney, BA ’82
  • Dr. Robert S. Goldfarb+
  • Carroll N. Guin, BA ’81
  • Dr. David Dennis Hanig, MPhil ’81, PhD ’85
  • Minako Hanig, MPA ’85
  • Dr. Stuart L. Harshbarger, MPhil ’93, PhD ’94
  • James Gerard Hopkins, BA ’76
  • Dinorah Paola Iriarte, BA ’10
  • Michael J. Kelly, BA ’11
  • Thomas J. Kennedy, III, BS ’07
  • Christopher Shin Kim, BS ’13, MPP ’15
  • Allyson K. Larose, BS ’16
  • Katie L. Lumsden, BA ’15
  • Samuel M. MacKey, BS ’16
  • Claire V. MacKoul, BA ’14
  • Dr. Stephen L. Mangum, MPhil ’83, PhD ’84
  • Kameswari V. Mantha** 
  • Venkat Mantha**
  • Patrick M Margolis, BS ’12
  • Sarah J. Margolis, BA ’14
  • M. Dennis Marvich, MPhil ’82
  • Steven P. Masotti, III, BS ’16
  • James R. Mautz~
  • James W. McConnaughey, MA ’79
  • Bruce Taylor McWilliams, MPhil ’98, PhD ’05
  • Gao Meng, BS ’12
  • Jeffrey David Messina, BS ’13
  • Michelle A. Migdalovich, BA ’16
  • Amr S. Moubarak, BA ’08
  • Dr. Masako N. Murphy**
  • Amirdara S. Novini, BS ’14
  • Jeffrey K. O'Hara, BS ’00
  • Thomas H. Pendleton, MA ’60
  • Dr. George Andrew Plesko, BA ’80
  • Fenohasina T. Rakotondrazaka Maret, MA ’04, MPhil ’08
  • Rodrigo Riaza Perez, BA ’16
  • Paola Rivera, BA ’16
  • George D. Santopietro, BA ’78
  • Dr. Graciela M. Santopietro**
  • James W. Sawhill, BA ’84
  • Shreyes Shekhar, BA ’16
  • Roselyn S. Silverman, BA ’46
  • James Henry Starkey, III, MA ’72
  • Dr. Cornelia M. Strawser, MPhil ’81, PhD ’83
  • Robert A. Sugarman, BA ’69
  • David William Washington, BA ’03
  • Jeanine M. Wood**
  • John Douglas Worth, BA ’91
  • Dr. Greg R. Zarelli, BA ’77 

* Friend

** Parent

 + Faculty/Staff

~ Student  


SUPPORT THE DEPARTMENT

Gifts to the Economics Department allow us to provide support for faculty and student research and travel, graduate student fellowships, and academic enrichment activities including guest speakers, visiting faculty and symposia. Each gift, no matter how large or small, makes a positive impact on our educational mission and furthers our standing as one of the nation's preeminent liberal arts colleges at one of the world's preeminent universities.
Your gift to the Economics Department will be considered a part of Making History: The Campaign for GW, a comprehensive, university-wide philanthropic effort to raise funds in support of GW’s vision and priorities.  To learn more, please visit http://campaign.gwu.edu/.
You can make your gift to the department in a number of ways:
  • By mailing your check, made out to The George Washington University and with the name of the department in the memo line, to:
The George Washington University
2033 K Street NW, Suite 300Washington, DC  20052
Washington, DC  20052
  • By phone by calling the GW Annual Fund at 1-800-789-2611.
Volunteer with GW Travel with GW alumni Industry-based alumni networks
powered by emma