Price Theory Summer Camp 2022


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.
During 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.
The 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.
Price Theory Faculty
Dierdre Nansen McCloskey, Distinguished Professor of Economics, History, English, and Communication, University of Illinois at Chicago
Trained 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.”
Kevin Murphy, George J. Stigler Distinguished Service Professor of Economics, University of Chicago Booth School of Business
Jesse Shapiro, George Gund Professor of Economics and Business Administration, Harvard University
Robert H. Topel, Isidore Brown and Gladys J. Brown Distinguished Service Professor of Economics, University of Chicago Booth School of Business
2022 COHORT
You can see more information on the 2022 Price Theory Cohort here.
2022 Agenda
View the agenda for the 2022 Price Theory Summer Camp below.
Sunday, July 10, 2022
12:00 pm – 4:00 pm | Check-in and Registration Campus North Residential Commons 5500 S. University Ave, Chicago, IL 60637 |
5:30 pm – 7:30 pm | Welcome Dinner, The Study 1127 E. 60th St., Chicago, IL 60615 |
Monday, July 11, 2022
8:00 am – 8:30 am | Breakfast |
8:30 am – 9:00 am | Mandatory Safety Announcement |
9:00 am – 10:30 am | Introduction to Price Theory – Kevin Murphy |
10:30 am – 10:45 am | Break |
10:45 am – 12:15 pm | Application to Carbon Pricing – Robert H. Topel |
12:15 pm – 1:30 pm | Lunch |
1:30 pm – 3:00 pm | Some Price Theory Lessons for Empirical Work – Jesse Shapiro |
5:00 pm – 5:10 pm | Board Shuttle Meet in front of Campus North Residential Commons |
5:30 pm – 8:30 pm | Reception and Dinner Hosted by MarrGwen and Stuart Townsend |
Tuesday, July 12, 2022
8:30 am – 9:00 am | Breakfast |
9:00 am – 10:30 am | Some Price Theory Lessons for Empirical Work – Jesse Shapiro |
10:30 am – 10:45 am | Break |
10:45 am – 12:15 pm | Some Fundamentals of Price Theory – Kevin Murphy |
12:15 pm – 1:30 pm | Lunch |
1:30 pm – 3:00 pm | Applications/Problems Discussion Session – Kevin Murphy |
6:30 pm – 6:45 pm | Board Shuttle |
7:30 pm – 10:30 pm | Comedy Show The Best of Second City: Chicago-Style Second City Up Comedy Club 230 W. North Ave., Chicago, IL 60614 |
Wednesday, July 13, 2022
8:30 am – 9:00 am | Breakfast |
9:00 am – 10:30 am | Investment (Stocks and Flows) – Kevin Murphy |
10:30 am – 10:45 am | Break |
10:45 am – 12:15 pm | A Price Theory Perspective on Inequality – Robert H. Topel |
12:15 pm – 1:30 pm | Lunch |
1:30 pm – 3:00 pm | Curve Bending for Simulation: Partial and General Equilibrium – Deirdre McCloskey |
5:00 pm – 5:10 pm | Board Shuttle Meet in front of Campus North Residential Commons |
6:00 pm – 7:00 pm | Boarding |
7:00 pm – 10:00 pm | Odyssey Lake Michigan Fireworks Dinner Cruise Departs from Navy Pier, 600 East Grand Avenue |
Thursday, July 14, 2022
8:30 am – 9:00 am | Breakfast |
9:00 am – 10:20 am | Next Steps: Price Theory for “Humanomics” – Deirdre McCloskey |
10:20 am – 10:30 am | Break |
10:30 am – 12:00 pm | Consumer Choice, Contracts and Intermediaries – Kevin Murphy |
12:15 pm – 2:30 pm | Closing Lunch at Quadrangle Club 1155 E. 57th St., Chicago, IL 60637 |
RELATED MATERIALS
Reading Materials for Lectures by Deirdre Nansen McCloskey
COVID-19 SAFETY INFORMATION
Please review BFI’s COVID-19 safety guidelines and requirements found here.
Generous support for this program has been provided by MarrGwen and Stuart Townsend. For more on Price Theory, visit the Price Theory Initiative webpage.