Economics is the study of how society uses its scarce resources. The goal of the department is to promote an understanding of economic aspects of society and to develop each student's ability to reason about economic issues - that is, to provide a basis for intelligent, responsible participation in modern society. The major is comprised of eight, four credit Economics classes with accompanying course work in History and Mathematics. View more information about the major.
Carnegie Hall, 1210 Park Street, is located north of Herrick Chapel. Dedicated June 13, 1905, the building is in modified Classical form with a low hipped roof, impressive cornice with dentils, red-brick walls, and quoins outlining window areas. The middle section of the facade is framed by two imposing pilasters with six engaged columns within the frame, the pilasters and columns all topped with Ionic capitals. A frieze surmounting the walls bears the names of some of the greats of Western civilization: Shakespeare, Dante, Homer, Plato, Michelangelo, Darwin, Goethe, Galileo, Emerson, and Caesar.
Carnegie Hall today houses classrooms and offices for Humanities faculty. At the rear of the building is the College Book Store, which was added in 1970.
Gilbert DeBartolo worked with Professor Robert Haveman to write a paper that subsequently was published in the American Economic Review. Gilbert viewed that experience of doing mentored original research as one of the highlights of his Grinnell career. After his untimely death, his family established this award to recognize students who take advantage of similar opportunities to do supervised original research, whose quality we hope is recognized beyond the campus.
2012: Isaac Garcia Molina
The Horn-Theophilus Award was established by the Class of 1951 to recognize and pay tribute to two of its members, Willard Horn and David Theophilus, who died in action as Marine Corps officers during the Korean War. The Class of 1951 honors the service of these two economics majors. It similarly wants to recognize current graduating economics majors who have made service to others a part of their Grinnell College career and who plan to maintain that commitment in the future.
William D. Ferguson
Professor of Economics
Gertrude B. Austin Professor of Economics
The chair was created in 1963 by Gertrude Bishop Phillips (’09) Austin and Charles Burgess Austin, who was Instructor in Economics at Grinnell in 1910 and 1911. The previous holder of the chair was Bradley Bateman.