Nobel Prize in Economics

Colleges and Universities A-Z Princeton University
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<p>Princeton University professor Christopher Sims has been awarded the 2011 Nobel Prize in economics along with Thomas Sargent, a New York University economist who is a visiting professor at Princeton, for developing tools to analyze the effect of monetary policy on the economy. See: Princeton</a> University - 12:20 P.M. OCT. 10 UPDATE - Princeton's Sims wins Nobel in economics with visiting professor Sargent Sargent, who is a visiting professor in Princeton's Department of Economics this fall and was a visiting professor at Princeton last year as well, is co-teaching a graduate course on advanced macroeconomic theory with Sims this semester. He also is teaching a graduate course on macroeconomic theory. Professor Sims is currently teaching an undergraduate course in Money and Banking. [BTW, the Money and Banking course is a great course that explains the operation of the Federal Reserve. If you want to understand economics this should be a required course.]</p>

<p>Sims joins two other tenured Princeton faculty member to receive a Nobel Prize in economics in the last decade, following Paul Krugman in 2008 and Daniel Kahneman in 2002. Here is a link to the announcement concerning Paul Krugman: Princeton?s</a> Krugman wins Nobel in economics - 10/20/2008 - Princeton Weekly Bulletin </p>

<p>Eric S. Maskin winner of the 2007 Nobel Prince in Economics has been a visiting professor of economics. See: Nobel</a> Prizes in economics, peace have Princeton ties - 10/22/2007 - Princeton Weekly Bulletin </p>

<p>John Nash *50 won the Nobel Prize in Economics in 1994. Nash recently teamed with Harold Kuhn to teach Economics 308, Theory of Games.</p>

<p>Professor Alan B. Krueger has been confirmed by the senate banking committee to to serve as the chairman of the President’s Council of Economic Advisers. See: News</a> & Notes: Economics professor Krueger confirmed as CEA chairman - The Daily Princetonian </p>

<p>Former Professor Ben Bernanke is currently Chairman of the Federal Reserve. Mr. Bernanke was named by Time magazine as the Man of the Year for 2009. Time said “he happens to be the most powerful nerd on the planet. Ever since global credit markets began imploding, its mild-mannered chairman has dramatically expanded those powers and reinvented the Fed. He didn't just reshape U.S. monetary policy; he led an effort to save the world economy.”</p>

<p>Woodrow Wilson School Professor Paul A. Volcker '49 was head of President Obama's Economic Recovery Advisory Board and was a former Federal Reserve Chairman. </p>

<p>If you are interested in studying economics from Nobel Prize winners Princeton offers you that opportunity.</p>

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<p>Though I have yet to take a class from Sims (next year, hopefully) I’m currently taking Sargent’s macro course and he is one of the best lecturers I have ever had. Congrats to both of them.</p>

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<p>Sims is the worst, don’t take his class.</p>

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<p>wow congrats to this guy</p>

<p>maybe now someone can fix the financial problems of this failing corporation we call the USA.</p>

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<p>What makes Sims so bad in your opinion, Random?</p>

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<p>He assumes we’re all freaking geniuses. 2/3 of the class dropped after the second week. Also, the material he presented in class was just a dry model with a ton of math, nothing particularly interesting.</p>

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<p>Some people would find Sims’ dry model with a ton of math very interesting. To each his or her own.</p>

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<p>That’s what economics is. Although if you like macro and money, the models are anything but dry. And it’s Princeton, he has every right to assume his students are smart.</p>

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Good to hear about a fellow Cal Bear. :)</p>

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<p>Huh? I have no affiliation with Cal…</p>

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<p>I was referring to your professor.</p>

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<p>Is Sargent also teaching at Princeton? I read that he teaches at NYU.</p>

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<p>The last two years he’s been visiting Princeton, teaching the first-year grad macro course and jointly teaching the second-year grad macro course with Sims.</p>

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<p>I thought Sargent has been at Princeton for a while - just perpetually “visiting.”</p>

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<p>[Princeton’s</a> Sims presented with Nobel Prize in economics](<a href=“Princeton's Sims presented with Nobel Prize in economics”>Princeton's Sims presented with Nobel Prize in economics)</p>

<p>Here is a news story about Princeton Professor Sims at the Nobel Prize ceremony.</p>

<p>“Sims joins two other tenured Princeton faculty members who have received a Nobel Prize in economics in the last decade, following Paul Krugman in 2008 and Daniel Kahneman in 2002. In total, 13 members of the current Princeton faculty (including emeritus and visiting professors) are recipients of the Nobel Prize. Sims is the ninth Princeton faculty, staff member or alumnus to be awarded a Nobel in economics.”</p>