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SUMMARY:Price Theory Summer Camp 2022
DESCRIPTION:The Price Theory Summer Camp\, led by UChicago economist Kevin Murphy\, was created to introduce PhD students from outside the University of Chicago to price theory\, which emphasizes the application of basic economic tools to problems. \nDuring this intensive one-week program\, students heard lectures from UChicago and visiting faculty and experience a series of “Chicago-style” seminars where faculty presented their research in progress. Participants also worked on problem sets in workshops and had opportunities to discuss their own work with some of the world’s leading economists. \nThe program is geared toward PhD students in economics who have completed their third or fourth year of study\, but applications are accepted from doctoral candidates of all levels. Funding is provided to all accepted applicants to cover travel\, accommodations\, and meals. \n\nPrice Theory Faculty\nDierdre Nansen McCloskey\, Distinguished Professor of Economics\, History\, English\, and Communication\, University of Illinois at Chicago\n \n            \n                Dierdre Nansen McCloskey is an economist and economic historian who around 1980 got interested in the rhetoric of persuasion in her field\, and then wider literary matters\, such as literary and social theory. \nTrained at Harvard as an economist\, McCloskey has written twenty books and edited seven more\, and has published over four hundred articles on economic theory\, economic history\, philosophy\, rhetoric\, feminism\, ethics\, and law. She taught for twelve years in Economics at the University of Chicago\, and describes herself now as a “postmodern free-market quantitative Episcopalian feminist Aristotelian.”\n                Read More +\n                Show Less -\n            \n        \n\nKevin Murphy\, George J. Stigler Distinguished Service Professor of Economics\, University of Chicago Booth School of Business \n            \n                Kevin M. Murphy is the George J. Stigler Distinguished Service Professor of Economics at the University of Chicago Booth School of Business as well as co-director of the Becker Friedman Institute’s Price Theory Initiative. He primarily studies the empirical analysis of inequality\, unemployment\, and relative wages as well as the economics of growth and development and the economic value of improvements in health and longevity. In addition to his position at the University of Chicago\, Murphy works as a faculty research associate for the National Bureau of Economic Research. A fellow of the Econometric Society and an elected member of the American Academy of Arts & Sciences\, Murphy was a John Bates Clark Medalist in 1997. He has received fellowships from the Earhart Foundation\, the Sloan Foundation\, and the Friedman Fund. Murphy is the first professor at a business school to be chosen as a MacArthur Fellow. He was selected for “revealing economic forces shaping vital social phenomena such as wage inequality\, unemployment\, addiction\, medical research\, and economic growth.” The foundation felt his work “challenges preconceived notions and attacks seemingly intractable economic questions\, placing them on a sound empirical and theoretical footing.” In 2007\, Murphy and fellow Chicago Booth faculty member Robert Topel won the Kenneth J. Arrow Award for the best research paper in health economics for “The Value of Health and Longevity\,” published in the Journal of Political Economy. The award is given annually by the International Health Economics Association. Murphy is also the author of two books and many academic articles. His writing also has been published in numerous mainstream publications including the Boston Globe\, the New York Times\, the Chicago Tribune\, and two Wall Street Journal articles coauthored by Nobel laureate Gary Becker. He earned his PhD in 1986 from the University of Chicago after graduating from the University of California at Los Angeles with a bachelor’s degree in economics in 1981. He joined the Chicago Booth faculty in 1984.\n                Read More +\n                Show Less -\n            \n        \n\nJesse Shapiro\, George Gund Professor of Economics and Business Administration\, Harvard University \n            \n                Jesse Shapiro is the George Gund Professor of Economics and Business Administration at Harvard University. Prior to joining Harvard University\, Shapiro served as the Eastman Professor of Political Economy at Brown University and the Chookaszian Family Professor of Economics at the University of Chicago Booth School of Business. Shapiro received a BA in economics in 2001 and a PhD in economics in 2005 from Harvard University. He is a Research Associate at the National Bureau of Economic Research\, an Associate Editor of the Quarterly Journal of Economics and the American Economic Review: Insights\, and a former editor of the Journal of Political Economy. He was a 2011-12 Alfred P. Sloan Research Fellow\, a 2017 Fellow of the Econometric Society\, and a 2021 MacArthur Foundation Fellow.\n                Read More +\n                Show Less -\n            \n        \n\nRobert H. Topel\, Isidore Brown and Gladys J. Brown Distinguished Service Professor of Economics\, University of Chicago Booth School of Business \n            \n                Robert H. Topel conducts research on many areas of economics including labor economics\, industrial organization and antitrust\, business strategy\, health economics\, energy economics\, national security economics\, economic growth\, and public policy. He is the Co-Director of the Energy Policy Institute at Chicago. Topel has been at the University of Chicago since 1979\, with the exception of an appointment as a Professor of Economics at UCLA in 1986. In 2006\, he was the Kirby Distinguished Visiting Professor of Economics at Texas A&M University. He is also a founding partner of Chicago Partners\, LLC. He received a bachelor’s degree in economics from the University of California at Santa Barbara in 1974 and a PhD in economics from UCLA in 1980. \n                Read More +\n                Show Less -\n            \n        \n\n2022 COHORT\nYou can see more information on the 2022 Price Theory Cohort here. \n\n2022 Agenda\nView the agenda for the 2022 Price Theory Summer Camp below. \n            \n                \nSunday\, July 10\, 2022 \n\n\n\n12:00 pm – 4:00 pm\nCheck-in and Registration\nCampus North Residential Commons\n5500 S. University Ave\, Chicago\, IL 60637\n\n\n5:30 pm – 7:30 pm\nWelcome Dinner\, The Study\n1127 E. 60th St.\, Chicago\, IL 60615\n\n\n\n\nMonday\, July 11\, 2022 \n\n\n\n8:00 am – 8:30 am\nBreakfast\n\n\n8:30 am – 9:00 am\nMandatory Safety Announcement\n\n\n9:00 am – 10:30 am\nIntroduction to Price Theory – Kevin Murphy\n\n\n10:30 am – 10:45 am\nBreak\n\n\n10:45 am – 12:15 pm\nApplication to Carbon Pricing – Robert H. Topel\n\n\n12:15 pm – 1:30 pm\nLunch\n\n\n1:30 pm – 3:00 pm\nSome Price Theory Lessons for Empirical Work – Jesse Shapiro\n\n\n5:00 pm – 5:10 pm\nBoard Shuttle\nMeet in front of Campus North Residential Commons\n\n\n5:30 pm – 8:30 pm\nReception and Dinner Hosted by MarrGwen and Stuart Townsend\n\n\n\n\nTuesday\, July 12\, 2022 \n\n\n\n8:30 am – 9:00 am\nBreakfast\n\n\n9:00 am – 10:30 am\nSome Price Theory Lessons for Empirical Work – Jesse Shapiro\n\n\n10:30 am – 10:45 am\nBreak\n\n\n10:45 am – 12:15 pm\nSome Fundamentals of Price Theory – Kevin Murphy\n\n\n12:15 pm – 1:30 pm\nLunch\n\n\n1:30 pm – 3:00 pm\nApplications/Problems Discussion Session – Kevin Murphy\n\n\n6:30 pm – 6:45 pm\nBoard Shuttle\n\n\n7:30 pm – 10:30 pm\nComedy Show\nThe Best of Second City: Chicago-Style\nSecond City Up Comedy Club\n230 W. North Ave.\, Chicago\, IL 60614\n\n\n\n\nWednesday\, July 13\, 2022 \n\n\n\n8:30 am – 9:00 am\nBreakfast\n\n\n9:00 am – 10:30 am\nInvestment (Stocks and Flows) – Kevin Murphy\n\n\n10:30 am – 10:45 am\nBreak\n\n\n10:45 am – 12:15 pm\nA Price Theory Perspective on Inequality – Robert H. Topel\n\n\n12:15 pm – 1:30 pm\nLunch\n\n\n1:30 pm – 3:00 pm\nCurve Bending for Simulation: Partial and General Equilibrium – Deirdre McCloskey\n\n\n5:00 pm – 5:10 pm\nBoard Shuttle\nMeet in front of Campus North Residential Commons\n\n\n6:00 pm – 7:00 pm\nBoarding\n\n\n7:00 pm – 10:00 pm\nOdyssey Lake Michigan Fireworks Dinner Cruise\nDeparts from Navy Pier\, 600 East Grand Avenue\n\n\n\n\nThursday\, July 14\, 2022 \n\n\n\n8:30 am – 9:00 am\nBreakfast\n\n\n9:00 am – 10:20 am\nNext Steps: Price Theory for “Humanomics” – Deirdre McCloskey\n\n\n10:20 am – 10:30 am\nBreak\n\n\n10:30 am – 12:00 pm\nConsumer Choice\, Contracts and Intermediaries – Kevin Murphy\n\n\n12:15 pm – 2:30 pm\nClosing Lunch at Quadrangle Club\n1155 E. 57th St.\, Chicago\, IL 60637\n\n\n\n\n                Read More +\n                Show Less -\n            \n        \n\nRELATED MATERIALS\nReading Materials for Lectures by Deirdre Nansen McCloskey \n\nThe Applied Theory of Price\nLiberalism Caused the Great Enrichment\n\n\nCOVID-19 SAFETY INFORMATION\nPlease review BFI’s COVID-19 safety guidelines and requirements found here. \n\nGenerous support for this program has been provided by MarrGwen and Stuart Townsend. For more on Price Theory\, visit the Price Theory Initiative webpage.
URL:https://legacy.bfistage.com/event/price-theory-summer-camp-2021/
LOCATION:University of Chicago
CATEGORIES:Seminar
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