As we close out another academic year, we have many things to be proud of. Our students are increasing, both in terms of quantity and quality. We have worked hard to recruit the best and brightest students on campus and our efforts are paying off. Our students enjoy economics, work very hard at their classes and are a joy to teach. We have a wonderful community of faculty, undergraduates and graduate students that enriches us all.

The Department’s faculty continue to excel in every dimension. One of our members has received a University award for outstanding teaching, following a rich tradition in our Department. Department of Economics faculty are consistently recognizes as being the top researchers and teachers at the University.

We have several new initiatives: Certificate Program in SAS, Financial Economics concentration with the major, a Second Major with Math. All of these initiatives are effective this fall 2006 semester and will broaden our base in terms of course offerings, student recruiting, and opportunities for students going into either the job market or graduate school.

We are saying good-bye to a long-time colleague, Dr. David Ciscel (see Spotlight). Dr. Ciscel is retiring at the end of this spring semester, but will continue to teach for us in the spring semesters in the post-retirement program.

It’s been an exciting semester—a lot of changes and challenges. We wish you the best and hope you have a pleasant summer.