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$5.2M In active external funding to Department faculty and Department centers

#6 Among public universities in business economics

$82,895 Average Starting Salary

The Department of Economics is committed to providing students, at both the graduate and undergraduate level, the opportunity to develop the skills to critically analyze economic data, to better understand and evaluate policies in both the private and public sectors, and to contribute more broadly to the betterment of society, both locally and globally.

Faculty are actively engaged in quantitative research that help better the understanding of the operation of the economy. That research includes the impact of government tax, transfer, trade and regulatory policies on economic development and well-being at the individual, household, firm, and macroeconomic levels.

The Department of Economics houses the Center for Business and Economic Research (CBER), an applied economic research center focused on providing economic analysis and information to Kentucky’s decision makers, the Center for Poverty Research (UKCPR), a federally-funded cross-disciplinary center providing research to inform evidence-based policy on poverty and inequality in the United States and the Kentucky Research Data Center (KRDC), which serves to expand the data infrastructure available to qualified scholars and students with approved projects by providing access to restricted individual and firm-level data from participating federal statistical agencies. The department is affiliated with the Institute for the Study of Free Enterprise (ISFE), which is dedicated to understanding the role that markets play in the economy and in society.

Economics News

Professor Gail Hoyt stands in the front of a classroom and addresses a crowd

Gatton scholars recognized among leading voices shaping economics education

LEXINGTON, Ky. A recently published national study on economics education research highlights the growing influence of Gatton-affiliated scholars whose work is shaping how economics is taught across the country.

 

students in Gail Hoyt's Economics of Altruism course present their proposal in front of their class at the end of semester celebration

Gatton Course Puts Economic Tools to Work for Lexington Nonprofits — and Gives Students a $40,000 Decision

The Economics of Altruism course uses a “learning by giving” model that combines economic reasoning, service learning and philanthropy. This fall, a cohort of 23 students partnered with five nonprofits, developed comprehensive analyses tailored to each organization’s work, and ultimately selected Camp Hero as the top grant recipient, with the other organizations also receiving grant funds.

Ken Troske Headshot

Kenneth Troske, PhD, Contributes to NASEM Report and Upcoming Webinar

The Gatton College of Business and Economics is proud to recognize Kenneth Troske, PhD, Richard W. and Janis H. Furst Endowed Chair in Economics, for his role as a co-author on a newly released National Academy of Sciences, Engineering, and Medicine (NASEM) report.