The University of Chicago’s Expanding Diversity in Economics (EDE) Summer Institute was launched in 2021 by the Becker Friedman Institute for Economics to identify and support talented undergraduate students from a broad range of backgrounds interested in the study of economics. Our goal is to diversify the pool of students majoring in economics and to inspire them to graduate study or a career drawing on this important skill set. This video highlights the importance of diversity in economics and recaps the first two cohorts of the program.

Economists typically presuppose that the absence of state capacities to raise official revenue to finance public service is a key factor in the persistence of so-called weak states. However, so-called “weak states” often have a strong “real” capacity to raise revenue and organize public service—albeit not along official lines.

Many consumers would not be surprised to learn that US corporations spend significant resources on marketing, including advertising, branding, promoting, selling, and trademarking. The evidence abounds from ads alone, including those on buses and billboards, radio and television, social media and websites, product placement in movies and TV shows, among many other manifestations.

In April 2013, Teva Pharmaceuticals, a large generic drug manufacturer, hired a marketing executive with strong connections throughout the industry with the goal of exploring opportunities to increase profits. Or, in that marketing executive’s own words, to enact “price increase implementation.”

In the twenty years since UChicago’s Rachel Glennerster and Michael Kremer proposed Advanced Market Commitments...

This event featured two case studies on policy innovation through experimentation (for development). David Yang,...

In this lecture, Nobel laureate Michael Kremer, University Professor at the University of Chicago, discussed...