The Economics Department is pleased to announce the availability of several undergraduate scholarships recognizing academic excellence for the 2012 - 2013 academic year. They are:
The Honorable Idamae Garrott Memorial Scholarship
Melanie E. (Lee) Easley Memorial Scholarship
The Moskowitz Family Scholarship
The Mark C. Sullivan Economics Scholarship
The Melville J. Ulmer Scholarship
The Mark D. and Tracye C. Turner Scholarship in Economics
John Cumberland Award in Environmental Economics
More information including scholarship descriptions, eligibility requirements, and application instructions can be found here.
Application Deadline is Monday April 2nd
News, Updates & Opportunities for ECON Undergraduates
Friday, March 30, 2012
Thursday, March 29, 2012
TAMID Hosting Guest Speaker: Lior Shilat, Director of Investments at the Israeli Embassy
Interested in networking with former Fortune 500 CEOs, local venture capitalists, and fostering relationships with innovative companies in one of the world’s most dynamic and flourishing economies? The fresh face in investing, entrepreneurship, and foreign engagement on campus, the TAMID Israel Investment Group is an apolitical student run organization that aims to connect business minded students with the Israeli economy and its burgeoning leaders. After mastering the essentials of investing and the intricacies of the Israeli economy, the program ultimately culminates with a fully funded summer fellowship in Israel, in which participants will work with prestigious Israeli companies and immerse themselves in the culture.
For our first event we will be hosting Lior Shilat, the Director of Investments at the Israeli Embassy, to speak on the current state of the Israeli economy. This is an open invitation for anyone interested, especially those thinking about joining TAMID when it fully launches next fall.
The event will take place on Monday, April 2nd at 7 PM in the multipurpose room in the Maryland Hillel building. Refreshments and light food will be served.
Contact irarickman@gmail.com for more information.
Tuesday, March 27, 2012
Brattle Group - Research Anaylst
Research Analyst, (C4T Position # 59151)
Brattle Group, Cambridge, MA/Washington D.C.
POSITION TYPE: Entry Level (Full-Time)
The Brattle Group provides consulting and expert testimony in economics, finance, and regulation to corporations, law firms, and governments around the world. We combine in-depth industry experience and rigorous analyses to help clients answer complex economic and financial questions in litigation and regulation, develop strategies for changing markets, and make critical business decisions.
Our research analysts (RAs) are involved in diverse, challenging assignments within a stimulating, collegial work environment. You will work side by side with internationally recognized experts in financial economics, corporate finance, energy, competition, and regulatory economics. You will have an opportunity to support our principals and senior advisors as they serve as expert witnesses before courts and arbitration panels on behalf of some of the largest and most successful law firms and corporations worldwide in addition to numerous public and government agencies in the United States, Europe, and elsewhere.
Typical assignments might include:
-Analyzing companies and markets
-Building financial, economic, and operational models
-Conducting statistical analysis, running regressions, and estimating cost of capital
-Providing in-depth research, summarizing documents, and communicating with project team members at all levels
-Adapting economic theory to apply to real life questions and problems
By the end of the first year, typically you will have learned to conduct basic research, build spreadsheets and models, present research findings in a clear and consistent manner and have gained experience and aptitude with data management software beyond Excel.
Brattle Group, Cambridge, MA/Washington D.C.
POSITION TYPE: Entry Level (Full-Time)
The Brattle Group provides consulting and expert testimony in economics, finance, and regulation to corporations, law firms, and governments around the world. We combine in-depth industry experience and rigorous analyses to help clients answer complex economic and financial questions in litigation and regulation, develop strategies for changing markets, and make critical business decisions.
Our research analysts (RAs) are involved in diverse, challenging assignments within a stimulating, collegial work environment. You will work side by side with internationally recognized experts in financial economics, corporate finance, energy, competition, and regulatory economics. You will have an opportunity to support our principals and senior advisors as they serve as expert witnesses before courts and arbitration panels on behalf of some of the largest and most successful law firms and corporations worldwide in addition to numerous public and government agencies in the United States, Europe, and elsewhere.
Typical assignments might include:
-Analyzing companies and markets
-Building financial, economic, and operational models
-Conducting statistical analysis, running regressions, and estimating cost of capital
-Providing in-depth research, summarizing documents, and communicating with project team members at all levels
-Adapting economic theory to apply to real life questions and problems
By the end of the first year, typically you will have learned to conduct basic research, build spreadsheets and models, present research findings in a clear and consistent manner and have gained experience and aptitude with data management software beyond Excel.
Wednesday, March 21, 2012
Office of Tax Analysis, U.S Dept. of Treasury - Junior Surrey Fellowship
The Office of Tax Analysis (OTA) of the U.S. Department of the Treasury is interested in interviewing exceptionally talented individuals who have recently completed or are about to complete Bachelor’’s degrees in economics, public policy, or other related fields. Junior Surrey Fellows will serve as Research Assistants for two years and provide economic research and administrative support to the senior economists in OTA. Junior Surrey Fellows will be selected on the basis of outstanding academic achievement and professional recommendations.
Functions of the Office
The Office of Tax Analysis advises the President, the Secretary of the Treasury, and the Congress on the economic and revenue effects of current and proposed Federal tax policies. These tax policies directly and indirectly affect a wide range of nontax public policies, including health, pensions, welfare, labor, education, housing, financial institutions, the environment and energy. OTA staff provide tax policy advice in several forms: Administration tax proposals; reports to the President and to the Congress; Congressional testimony for top Treasury officials; background analyses, briefing papers, and revenue effects of tax proposals; estimates of receipts and tax expenditures for the President's Budget; and participation in the negotiation of bilateral tax treaties. Research Assistants will have the opportunity to support staff economists in several of these areas as well as gain first hand knowledge of how tax policy is researched, written, and enacted in the Federal Government.
OTA Organization
Five divisions: Business and International Taxation, Individual Taxation, Receipts Forecasting, Revenue Estimating, Economic Modeling and Computer Applications.
OTA is part of the Office of Tax Policy, which also includes legal staffs of the Tax Legislative Counsel, the International Tax Counsel, and the Benefits Tax Counsel. Office of Tax Policy staff, (about 50 economists in OTA, 40 attorneys, and support staff) is under the direction of the Assistant Secretary (Tax Policy).
Functions of the Office
The Office of Tax Analysis advises the President, the Secretary of the Treasury, and the Congress on the economic and revenue effects of current and proposed Federal tax policies. These tax policies directly and indirectly affect a wide range of nontax public policies, including health, pensions, welfare, labor, education, housing, financial institutions, the environment and energy. OTA staff provide tax policy advice in several forms: Administration tax proposals; reports to the President and to the Congress; Congressional testimony for top Treasury officials; background analyses, briefing papers, and revenue effects of tax proposals; estimates of receipts and tax expenditures for the President's Budget; and participation in the negotiation of bilateral tax treaties. Research Assistants will have the opportunity to support staff economists in several of these areas as well as gain first hand knowledge of how tax policy is researched, written, and enacted in the Federal Government.
OTA Organization
Five divisions: Business and International Taxation, Individual Taxation, Receipts Forecasting, Revenue Estimating, Economic Modeling and Computer Applications.
OTA is part of the Office of Tax Policy, which also includes legal staffs of the Tax Legislative Counsel, the International Tax Counsel, and the Benefits Tax Counsel. Office of Tax Policy staff, (about 50 economists in OTA, 40 attorneys, and support staff) is under the direction of the Assistant Secretary (Tax Policy).
Freddie Mac - Entry Level Position
Modeling Graduate, (C4T Position # 58336)
Freddie Mac, McLean, VA
POSITION TYPE: Entry Level (Full-Time), Permanent Experienced Hire
Freddie Mac offers a dynamic work environment, enabling Modeling Graduates to grow with us through a wide variety of experiences and responsibilities. Modeling Graduates start in a cohort with unique training on the development, analysis, and use of models across the enterprise along with Freddie Mac's business as a whole. Modeling Graduates take specific roles in Single-Family Models & Analytics, Multi-Family Research & Modeling, Financial Research and Engineering, Office of the Chief Economist, Credit Models, Enterprise Risk Models & Methods, or Internal Audit Model Risk & Data Analytics. Placement is determined as candidates advance through the hiring process based on candidate experiences, skill sets, and interests as well as business need. Modeling Graduates apply financial and statistical modeling and economic principles, concepts, and techniques in all roles, but with differing focuses. Regardless of placement, Modeling Graduates collaborate with experts who have been in the industry for years and are eager to impart their knowledge.
Job Duties
Modeling Graduates apply financial and statistical modeling and economic principles, concepts, and techniques in all roles, but with differing focuses. Modeling Graduates take specific roles in one of the following departments:
- Single-Family Models & Analytics: In Single-Family Models & Analytics, Modeling Graduates develop and improve models used by our customers to underwrite or service Freddie Mac mortgages. Routinely this could mean:
-Developing statistical models used to predict the probability of default and the loss given default (severity).
-Valuing cash flows based on statistical models of default and severity.
-Monitoring the performance over time of statistical and financial valuation models.
- Financial Research & Engineering: In Financial Research & Engineering, Modeling Graduates develop and analyze models for use company-wide. Development is primarily done in SAS and C++.
- Office of the Chief Economist: Modeling Graduates in the Office of the Chief Economist participate in forecasting the housing and mortgage markets, as well as perform economic research on market trends and policy issues affecting the company.
- Credit Models: Modeling Graduates in Credit Models assist in developing models for measuring monitoring and forecasting home prices.
- And more!
To read more about the position, log in to your Career4Terps (C4T) account(http://www.careercenter.umd.edu/) and paste the ID number (listed beside the position titles) in the "Search" box.
Freddie Mac, McLean, VA
POSITION TYPE: Entry Level (Full-Time), Permanent Experienced Hire
Freddie Mac offers a dynamic work environment, enabling Modeling Graduates to grow with us through a wide variety of experiences and responsibilities. Modeling Graduates start in a cohort with unique training on the development, analysis, and use of models across the enterprise along with Freddie Mac's business as a whole. Modeling Graduates take specific roles in Single-Family Models & Analytics, Multi-Family Research & Modeling, Financial Research and Engineering, Office of the Chief Economist, Credit Models, Enterprise Risk Models & Methods, or Internal Audit Model Risk & Data Analytics. Placement is determined as candidates advance through the hiring process based on candidate experiences, skill sets, and interests as well as business need. Modeling Graduates apply financial and statistical modeling and economic principles, concepts, and techniques in all roles, but with differing focuses. Regardless of placement, Modeling Graduates collaborate with experts who have been in the industry for years and are eager to impart their knowledge.
Job Duties
Modeling Graduates apply financial and statistical modeling and economic principles, concepts, and techniques in all roles, but with differing focuses. Modeling Graduates take specific roles in one of the following departments:
- Single-Family Models & Analytics: In Single-Family Models & Analytics, Modeling Graduates develop and improve models used by our customers to underwrite or service Freddie Mac mortgages. Routinely this could mean:
-Developing statistical models used to predict the probability of default and the loss given default (severity).
-Valuing cash flows based on statistical models of default and severity.
-Monitoring the performance over time of statistical and financial valuation models.
- Financial Research & Engineering: In Financial Research & Engineering, Modeling Graduates develop and analyze models for use company-wide. Development is primarily done in SAS and C++.
- Office of the Chief Economist: Modeling Graduates in the Office of the Chief Economist participate in forecasting the housing and mortgage markets, as well as perform economic research on market trends and policy issues affecting the company.
- Credit Models: Modeling Graduates in Credit Models assist in developing models for measuring monitoring and forecasting home prices.
- And more!
To read more about the position, log in to your Career4Terps (C4T) account(http://www.careercenter.umd.edu/) and paste the ID number (listed beside the position titles) in the "Search" box.
Thursday, March 15, 2012
Minor in Survey Methodology
The Joint Program in Survey Methodology is happy to announce that undergraduates can now obtain a minor in Survey Methodology. Knowledge of survey methods is useful in many fields and will provide students with some additional skills when they enter the job market. A brochure describing the program is attached.
The minor requires 16-18 credits:
- 2 statistics and research methods courses ( 6 to 8 credits)
- 1 core course in survey methodology (3 credits)
- 2 additional courses in survey methodology (6 credits)
- Introduction to the Federal Statistical System and to the Survey Research Profession (1 credit seminar)
http://www.jpsm.umd.edu/jpsm/?programs/minor.htm
Wednesday, March 14, 2012
Fall 2012 White House Internship
The application for the Fall 2012 program http://www.whitehouse.gov/about/internships/apply/application is now open.
White House Interns dedicate their time, talents, energy, and service to better the White House, the community, and the nation. They become a part of the White House team, and the assignments given to an intern on any given day could include conducting research, managing incoming inquiries, attending meetings, writing memos, and staffing events. They also participate in a weekly speaker series with senior staff members and small group meetings exploring different policy aspects of the Executive Office of the President through speakers, discussion and off-site field trips. Most importantly, the internship experience includes an emphasis on service and interns participate in regularly scheduled service projects at schools and non-profit organizations in Washington, D.C.
Please visit www.whitehouse.gov/internships for detailed information about the program, the application process, a timeline with deadlines, and the departments that participate in the program. A complete application includes: short answers, two essay questions, a one-page resume, and two letters of recommendation. The deadline to apply for Fall 2012 is April 1, 2012.
Don’t wait – apply today!
White House Interns dedicate their time, talents, energy, and service to better the White House, the community, and the nation. They become a part of the White House team, and the assignments given to an intern on any given day could include conducting research, managing incoming inquiries, attending meetings, writing memos, and staffing events. They also participate in a weekly speaker series with senior staff members and small group meetings exploring different policy aspects of the Executive Office of the President through speakers, discussion and off-site field trips. Most importantly, the internship experience includes an emphasis on service and interns participate in regularly scheduled service projects at schools and non-profit organizations in Washington, D.C.
Please visit www.whitehouse.gov/internships for detailed information about the program, the application process, a timeline with deadlines, and the departments that participate in the program. A complete application includes: short answers, two essay questions, a one-page resume, and two letters of recommendation. The deadline to apply for Fall 2012 is April 1, 2012.
Don’t wait – apply today!
Office of Undergraduate Admissions UMD - Summer Internship
The Office of Undergraduate Admissions is looking to hire several paid interns to work in the office throughout the summer of 2012. The primary responsibility of each Intern will be to provide campus tours to prospective students, families and groups visiting campus. Other responsibilities include responding to calls in our Public Inquiry area, staffing the front counter and greeting guests in the Rossborough Inn and Mitchell Building, and collaborating with other individuals on special office projects as assigned.
This is a full-time position for rising Sophomores, Juniors and Seniors that will require 40 hours/week and several weekend tours throughout the summer. On average each intern will need to commit to 5-7 Saturday tours of their choosing along with mandatory attendance and participation in our annual College Access Conference (Saturday, June 23) for prospective students and their families. Although this is a full-time position, students who are taking summer courses on campus are encouraged to apply as well. Please be advised that it is University policy that no student is permitted to work over 40 hours/week, so if you have another on campus job, please make sure you will not be scheduled during office hours and will not go over 40 hours. If you have an off-campus job, please make sure that you will not be scheduled during office hours before applying.
Internship Length: May 29 – August 24, 40 hours/week between 8:00 a.m. and 5:00 p.m. Pay: $8.00/hour *Please note, you must be able to start the internship on May 29, no exceptions. There will be very important training sessions the first week of the internship.
Application Instructions - To apply please complete the form below and email your resume and three references to OUASummerInternship@gmail.com.
Application deadline: Friday, March 30, at 5pm. - After reviewing applications, OUA staff will contact a limited number of applicants for an interview during March and April.
Should you have any questions feel free to contact Matthew Jones, Coordinator of Visitor Services at 301-314-4112 or OUASummerInternship@gmail.com
This is a full-time position for rising Sophomores, Juniors and Seniors that will require 40 hours/week and several weekend tours throughout the summer. On average each intern will need to commit to 5-7 Saturday tours of their choosing along with mandatory attendance and participation in our annual College Access Conference (Saturday, June 23) for prospective students and their families. Although this is a full-time position, students who are taking summer courses on campus are encouraged to apply as well. Please be advised that it is University policy that no student is permitted to work over 40 hours/week, so if you have another on campus job, please make sure you will not be scheduled during office hours and will not go over 40 hours. If you have an off-campus job, please make sure that you will not be scheduled during office hours before applying.
Internship Length: May 29 – August 24, 40 hours/week between 8:00 a.m. and 5:00 p.m. Pay: $8.00/hour *Please note, you must be able to start the internship on May 29, no exceptions. There will be very important training sessions the first week of the internship.
Application Instructions - To apply please complete the form below and email your resume and three references to OUASummerInternship@gmail.com.
Application deadline: Friday, March 30, at 5pm. - After reviewing applications, OUA staff will contact a limited number of applicants for an interview during March and April.
Should you have any questions feel free to contact Matthew Jones, Coordinator of Visitor Services at 301-314-4112 or OUASummerInternship@gmail.com
Friday, March 9, 2012
START Career Development Scholarship Program
The Career Development Program, also known as the Emerging Global Security Issues Fellowship Program, is open to a wide range of majors at the University of Maryland, including all BSOS Majors, Engineering, Math, Economics, Business and many others. This program will provide tuition and stipends to six high-achieving undergraduates interested in social science research, terrorist, and homeland security for their final two years in a University of Maryland bachelor's degree program.
Please visit the following link for more information about the benefits of the program, eligibility and how to apply: http://www.start.umd.edu/start/education/academic_programs/cdp/.
Please visit the following link for more information about the benefits of the program, eligibility and how to apply: http://www.start.umd.edu/start/education/academic_programs/cdp/.
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