Starting in August 2021, the graduate stipend was increased to $18,000 per year. This helps us to move a little closer to competition, but we are still well behind close peers both regionally and in a similarly ranked group, among the Big Ten in particular (notably Purdue, Illinois, Michigan State and Ohio State). We are actively working with the College administration to make further progress in the near future, so we can continue attracting the best talent to our Ph.D. program.
Graduate Student News
In the spring of 2021, at the height of the pandemic, four of our Ph.D. students graduated and accepted positions at the Bank of Korea, JP Morgan Chase, Lehigh University, and the School of Business at Macau University of Science and Technology. We currently have nine students on the spring 2022 job market. Twelve new Ph.D. students joined our program in Fall 2021.
Our graduate students presented at several prestigious conferences, including the Midwest International Trade Meetings and the Southern Economics Association meetings. Five of our Ph.D. students received travel awards to attend conferences which are generously funded by members of the Duesterberg family. The Daniel J. Duesterberg Award honors the memory of Dan Duesterberg, an alumnus of the IU Department of Economics Ph.D. program. This year's recipients of this award were Kairong Chen, Seokil Kang, Seunghee Lee, Kelin Lu, and Siying Ding. These awards are very important to our Ph.D. students, giving them an opportunity to attend, and in many cases present their research, at professional conferences which enhances their future job prospects.
The department recognizes the importance of coding skills among our Ph.D. students. In Spring 2021 we organized two mini-courses: one in R and one in Python, taught by our students Joe Westenberg and Kairong Chen. In Spring 2022, we are planning one more coding course which will be taught by Joe Seidel.
Hoosier Economics Conference
The first annual Indiana University Department of Economics' Hoosier Economics Conference (HEC) was held on April 30, 2021, via Zoom. The HEC is the new setting for our Ph.D. students to present the preliminary draft of their third-year research paper and replaces the Jordan River Conference. The HEC was sponsored by Pearson Education, Cengage, MacMillan Learning, and the Department of Economics. Congratulations to Austin Knies and Jonathan Leslie, co-winners of the Hoosier Economics Conference Best Paper Award.
Job Market Placement for 2021
We had a relatively small number of students on the spring 2021 job market, at the height of the pandemic. We are pleased all of them were successful, accepting jobs at the following institutions:
Bank of Korea
JP Morgan Chase
Macau University of Science
and Technology, School of Business