Department of Economics will use its Selective Investment Award
Hire nine faculty (both junior and senior) to build on its
existing quality in the areas of macroeconomics, microeconomics,
and econometrics; and
Move into the top ten among public universities and into
the top twenty among all universities by 2010.
of Economics has conducted a careful analysis of what it will take to
achieve the goal set forth in its own 2010 planto become a top 20
department overall nationally and in the top 10 among public universities
by the year 2010. In 1998, U.S. News & World Report ranked the department
30th overall and 12th among public schools.
In recent years, faculty productivity has increased substantially. Since
1995 the department has also hired a number of promising junior scholars
and three full professors, including one of the top three producers worldwide
in econometrics research. "We want to continue, and indeed accelerate,
this momentum," said department Chair Masanori Hashimoto, adding that
the department plans to recruit a combination of up-and-coming young scholars
and established scholars who would increase our performance in external
research funding and original research and help move the department to
a rank of seventh or eighth among public universities. "We want not only
to reach the goal but also to sustain it well into the futurethat's
why we want to recruit young scholars as well."
Economics, which serves numerous departments by instructing about 12,000
undergraduates annually, plans to hire nine total faculty in the areas
of macroeconomics, microeconomics and econometrics. The department operates
from a position of faculty strength, housing many award-winners as well
as those who have received prestigious temporary outside appointments.
Richard Steckel, who holds a joint faculty appointment in economics and
anthropology and is a recent winner of the University Distinguished Scholar
Award, said the department has benefited from Ohio State's support for
interdisciplinary exchange, which will be useful in the recruitment of
"The people we hire will know this is a department on the move," he said.
"That will help lead to our recruitment of great graduate and undergraduate
students, and we all know as faculty that we learn a great deal from our
of Economics website