For one week in early July, 28 doctoral students in economics from programs across the world converged on the University of Chicago for the annual Price Theory Summer Camp.
Price Theory is an area of research that inherently fits within UChicago Economics. This approach analyzes individual economic behaviors through the fundamental role of prices, markets, and incentives. In addition to traditional topics like consumption, taxes, and regulation, Price Theory sheds light on a wide range of human behaviors including marriage, discrimination, and crime and corruption.
Led by Kevin Murphy, the George J. Stigler Distinguished Service Professor of Economics at the University of Chicago Booth School of Business, and Steve Levitt, the William B. Ogden Distinguished Service Professor in Economics and the College, this intensive one-week program brought together graduate students in economics for a series of “Chicago-style” seminars where price theory scholars present their research in progress. Participants also worked on problem sets in workshops and have direct opportunities to discuss their own work with renowned economists. Additional faculty lecturers included John List, The Kenneth C. Griffin Distinguished Service Professor in Economics and the College, and Jesse Shapiro, professor of economics at Brown University.
According to Mallick Hossain, a PhD candidate from the University of Pennsylvania, “It was truly an unforgettable experience, and I learned so much from some of the smartest economists in the world.”