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Ten new faculty members have been added to the Economics Department this fall, four of them senior professors who were granted tenure, including leading international trade scholars recruited from Harvard and Princeton, and six junior faculty who will expand course offerings in Columbia's most popular undergraduate major.
The faculty expansion accomplishes two strategic goals, according to David Cohen, vice president and dean of the faculty of Arts and Sciences. With the hiring of four new tenured professors who are respected researchers in several fields of study Columbia, whose faculty includes the distinguished international trade theorists Jagdish Bhagwati and Ronald Findlay, deepens its traditional area of strength, international economics, and at the same time broadens its overall stature in research and teaching.
At the same time, the appointment of six new junior faculty members, one hired at the School of International and Public Affairs and all joining Columbia from Stanford and Harvard universities, NYU, the London and Stockholm Schools of Economics, and Massachusetts Institute of Technology, contributes further to the strength of the department. Overall, the new appointments fulfill Columbia's commitment to smaller class sizes and expanded course offerings in economics for undergraduates.
The department, through aggressive recruiting by chairman Richard Clarida, accomplished in one year a three-year plan to rebuild and enhance the faculty. In addition, the department was able to retain Professor Kyle Bagwell, a specialist in industrial organization with a joint appointment at Columbia Business School, who had accepted an offer to join the faculty of Yale. "The old model was that faculty members moved maybe once during their careers," Clarida said. "It's much more the case today that faculty members in economics move several times."
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