University at Buffalo (UB)
Research Areas
Faculty and doctoral students in the Department of Economics are involved with national and international organizations in many areas of research. We are keen on finding the interconnected links of applied economics and theoretical thought, and our faculty take great pride in preparing the next generation of business and academic leaders.
Research Areas
International Economics assesses the implications of trading goods and services, as well as investment on a global scale. Our faculty study how the production of one nation is purchased by another nation and how the currency of one nation is exchanged for the currency of another nation to pay for this production. We also study economic and political issues related to international trade and finance. (Finance; Trade; Macroeconomics)
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Econometrics is the quantitative application of statistical and mathematical models using data to develop theories or test existing hypotheses in economics and to forecast future trends from historical data. It subjects real-world data to statistical trials and then compares and contrasts the results against the theory or theories being tested.
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The study of labor economics seeks to understand the relationship between workers and employers. It's important to society as it determines wages, the causes of discrimination, the impact of migration on employment, and how governments should manage recessions.
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Microeconomics is the social science that studies the implications of individual human action, specifically how those decisions affect the utilization and distribution of scarce resources. Microeconomics shows how and why different goods have different values, how individuals make more efficient or more productive decisions, and how individuals’ best coordinate and cooperate with one another. (Chinese Economy, Game Theory, Information, Labor, Marxist Theory, Organizational, Public Economics, Public Finance, Search Theory, Urban Economics)
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Macroeconomists develop models explaining relationships between a variety of factors such as consumption, inflation, savings, investments, international trade and finance, national income and output. Such macroeconomic models, and what the models forecast, are used by government entities to aid in the construction and evaluation of economic policy. (Growth and Development; International Economics; International Finance; Monetary Theory)
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