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Economics

Department of Economics

Contact Information

College of Arts and Sciences
415 Fronczak Hall
North Campus
Buffalo, NY 14260-1520

Phone: 716.645.2121
Fax: 716.645.2127
Web Address: www.economics.buffalo.edu
Isaac Ehrlich
Chair
Zhiqiang Liu
Director of Undergraduate Studies

Program Overview

The Department of Economics offers a comprehensive curriculum integrating economic theory with applied topics, including education and health economics, economics of the public sector, econometrics and statistical analysis, growth and development, international trade and finance, financial and monetary economics, urban & regional economics, information and Internet economics, and industrial organization and regulation. Among the topics discussed are the interaction of consumers and producers, behavioral economics, market equilibrium, investment and savings, employment and unemployment, money and banking, monetary policy and the role of the FED, economic development and emerging markets, and government taxation and spending.

Economics is the study of scarcity and its implications for the optimal use of resources, production of goods and services, advances in technology and welfare over time, and a myriad of other issues of vital concern to individuals and society. The central challenge of economics is to determine the most effective use of resources to improve individual and social welfare. Economics can also be used to improve one's personal finances and enjoyment of life. Achieving the most satisfactory allocation of one's own resources is a crucial life-skill.

The department is also home to the Center of Excellence on Human Capital, Technology Transfer, and Economic Growth and Development (HEAD), established by a grant from New York Office of Science, Technology and Academic Research (NYSTAR). The Center has also been chosen as one of the pillars of the Civic Engagement and Public Policy area of strength in the UB 2020 Strategic Plan. The Center houses the editorial office of the new Journal of Human Capital, which is published by the University of Chicago Press. The Journal is listed in the Thomson Reuters Master Journals List and covered by the SSCI.

Last updated: May 29, 2014 3:01 pm EST