April 3, 2017
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Economics Department Newsletter
Why Wall Street Matters
Monday, April 3
Brooks-Rogers Recital Hall, Bernhard Music Center

Bestselling author William D. Cohan (P. '16, '17) has long been critical of the bad behavior that plagued much of Wall Street leading up to the 2008 financial crisis. As an ex-banker, he's also an expert on the sector’s inner workings. But in recent years he has become alarmed by the vitriol directed at the bankers, traders and executives who keep the wheels of our economy turning. In a conversation with Jerry Caprio, William Brough Professor of Economics and chair of the CDE’s executive committee, he’ll discuss his new book, Why Wall Street Matters.
[Sponsored by the Center for Development Economics and the Economics Department.]
Note to basketball fans: Both speakers want to see the NCAA finals at 9:00pm that night, so incentives are compatible.

Economics Department Seminar:
How Do Emerging Markets Respond to Macroeconomic Shocks? Dynamic Panel Evidence on the Effects of Disasters by Yabin Wang, Visiting Assistant Professor
Wednesday, April 5
Griffin 6

CDE Lunchtime Development Dialogue:
“From Local to Global: External Validity in a Fertility Natural Experiment” by Rajeev Dehejia, Professor of Public Policy at NYU Wagner
Friday, April 7
CDE dining room
[Reservations are required due to limited seating: Please RSVP to by 11:00am on Thursday, April 6.]
Randomized controlled trials (RCT’s) have become an increasingly popular research design in economics and social sciences. RCT’s, when well implemented, are known to deliver accurate estimates of policy effects. However, less is known about the ability of RCT’s to create externally valid (or generalizable) knowledge: does what we have learned about a policy impact in one location translate to reliable knowledge of the policy impact in another location. Rajeev Dehejia will discuss a series of projects looking at the external validity of experimental and non-experimental methods.

CDE Seminar:
The Effect of Fertility on Mothers' Labor Supply Over the Last Two Centuries by Rajeev Dehejia, Professor of Public Policy at NYU Wagner
Friday, April 7
Griffin 6

Women in Economic Research Conference
Saturday, April 8
9:30am - 6:30pm
Griffin 3
[Important:  You must register by midnight Thursday, April 6, 2017 to attend.  More information here.]
2017-18 Barbara Solow Research Fellowship
Reminder:  Application deadline is Friday, April 14

The Barbara Solow Research Fellowship provides financial assistance to Williams College student(s) conducting research in Economic or Business History, or in other areas reflecting the diverse interests of the pioneering economic historian Barbara L. Solow, including Irish history, Caribbean slavery, and other historical topics in the social sciences.  More details and contact information can be found in the announcement
On-Campus Opportunities:
Economics TAs for Fall 2017
If you are interested in being a Teaching Assistant for the Economics Department in Fall 2017, please apply using the link below by Friday, April 14 at noon (12:00pm). We will not accept late applications.
We will need TAs in ECON 110, 120, 251, 252, 255, 205, 456, 502, 503, 504 and POEC 253.  We will also need a Computer TA and general STATA TAs.  There may also be positions open in other economics classes.
Please apply through the following
link.  [Note: to access the application you should log in using your short form email address (e.g.,]

Summer Student Needed for Data Visualization Sponsored by OIT
"OIT is looking to hire a summer student for 9 weeks on campus to help with data visualization using a JavaScript library called D3."  More information here.

Mathematica Policy Research, Princeton, NJ
Internship - Business Development, Health Technology
"We are seeking a dynamic, tech enthusiast, and self-starting individual to join the business strategy group for a paid summer internship. In this role, you will help Mathematica expand business development opportunities beyond the organization’s existing portfolio of projects."  Details here.

Post-Graduation Opportunities:
Academic Editor
Rural Education Action Program, Xi’an, Shaanxi Province, China
Stanford's REAP is recruiting current seniors or recent grads with a solid economic background, English writing ability and basic Chinese language skills. This position is ideal for someone interested in and seeking to gain field experience in Chinese development and looking to improve their Chinese language skills by working in a Mandarin-speaking environment.  More information here.

Full-time Research Assistants
University of Chicago Behavioral Marketing
These positions beginning in Summer/Fall 2017 lasting for at least one year "will entail close collaboration with faculty members Oleg Urminsky, Dan Bartels and Abby Sussman on a number of new and ongoing projects in behavioral science, psychology and marketing, with a focus on consumer financial decision making.  These positions are ideally suited for someone interested in pursuing a PhD in marketing, psychology, or behavioral economics."
Research Professional (General, Lab Manager)
Research Professional (Programming and Stats Focus)

Mathematica Policy Research, Cambridge, MA
Junior Front-End Data Scientist
This entry-level position with the Program Improvement team “requires the combined skillset of a general programmer and statistical programmer.”  Details here.
ECON Alum News:
Alums Awarded NSF Graduate Fellowships
The National Science Foundation recently announced the 2017 award recipients for their Graduate Research Fellowship Program.  Selected from over 13,000 applicants were two ECON alums: Erica Moszkowski '15 and Dan Zhao '14.  More information about this honor can be found in the NSF press release.

Current Student and Alum Published
Andy Yao (MATH/PHYS '18) and David Kane (ECON/PHIL '88) published "walkr: MCMC Sampling from Non-Negative Convex Polytopes" in the Journal of Open Source Software.
Abstract: "Consider the intersection of two spaces: the complete solution space to Ax = b and the N-simplex. The intersection of these two spaces is a non-negative convex polytope. The R package walkr samples from this intersection using two Monte-Carlo Markov Chain (MCMC) methods: hit-and-run (Kannan and Narayanan 2009) and Dikin walk (Vempala 2005). walkr also provide tools to examine sample quality (Gabry 2015)."
IAES Best Undergraduate Paper Competition:
"The winner of this student competition will receive: a $500 check, a plaque recognizing their accomplishment, and complimentary publication of the paper in the Atlantic Economic Journal."  More details here.  Deadline: June 15, 2017

Graduate Programs:
Brandeis International Business School
Accelerated Master’s Program / Master of Arts in International Economics and Finance (MA)
This STEM-designated program "combines graduate coursework with practical training and is ranked among the top ten in the U.S. by the Financial Times (#2 in 2016), and has been for the past six years. The MA is also ranked second overall for Financial Economics programs by the TFE Times."  Additional flyer here.

Master of Science in Finance (MSF)
This STEM-designated program is "known nationally and internationally for its unique balance of comprehensive financial theory and hands-on practical skills. The MSF program is also part of the CFA Institute University Recognition Program and the Global Association of Risk Professionals (GARP)."  Additional flyer here.


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