David K. Smith Professor of Applied Economics
Phanindra V. Wunnava is the David K. Smith '42 Chair in Applied Economics at Middlebury College, Middlebury, Vermont, a Research Fellow atIZA (Institute for the Study of Labor), Bonn, Germany, and a Researcher at EPRN (LERA), UIUC. He joined Middlebury economics department in 1985. He has also served as chair of the department. He was a Research Associate in economics at the State University of New York-Binghamton, NY during the academic years 1989-1992. During the academic year 1999-2000 he was a Visiting Scholar/Professor of Economics at the University of North Carolina, Chapel Hill, NC.
He was trained under a noted labor economist Solomon Polachek of State University of New York-Binghamton, and received a Ph.D. in economics in 1986. His fields of interest are applied econometrics and labor economics. Wunnava received his Bachelor of Commerce and Master of Commerce degrees from the Andhra University (India), Master of Arts and Doctor of Arts degrees in economics from the University of Miami, Coral Gables, Florida.
Wunnava's articles appeared in wide range of scholarly journals (such as Review of Economics and Statistics, Southern Economic Journal, Journal of Labor Research, Economics Letters, Economic Development and Cultural Change, Eastern Economic Journal, Applied Economics, Applied Financial Economics, Applied Economics Letters, American Journal of Economics and Sociology, Small Business Economics, Economics of Education Review, American Economist, Journal of Business and Economic Studies, North American Journal of Economics and Finance, Journal of Forensic Economics, The Empirical Economics Letters, International Journal of Applied Economics, Review of International Economics, Technology and Investment, African Finance Journal) covering the areas of life-cycle union non-union wage/benefit differentials, firm size effects, gender and racial wage differentials, efficiency wage models, charitable contributions towards higher education, disincentive effects of unemployment insurance, infant mortality, effect of net foreign investment on manufacturing productivity, time-series properties of the north American unemployment rates and Asian stock markets, the effect of political regimes on economic growth, fertility determinants, determinants of internet diffusion, and the economics of optimal currency area. He routinely serves as a referee for a number of scholarly journals.
He also co-edited New Approaches to Economic and Social Analyses of Discrimination (with Richard R. Cornwall) Praeger 1991; Immigrants and Immigration Policy: Individual Skills, Family Ties, and Group Identities (with Harriet Duleep) JAI Press 1996; Changing Role of Unions: New Forms of Representation, M. E. Sharpe 2004 -- has been recognized by the Industrial Relations Section of Princeton University as one of the twelve Noteworthy Books in Industrial Relations and Labor Economics for 2004.
Courses offered in the past four years.
▲ indicates offered in the current term
▹ indicates offered in the upcoming term[s]
ECON 0150 - Intro Macroeconomics
An introduction to macroeconomics: a consideration of macroeconomic problems such as unemployment and inflation. Theories and policy proposals of Keynesian and classical economists are contrasted. Topics considered include: banking, financial institutions, monetary policy, taxation, government spending, fiscal policy, tradeoffs between inflation and unemployment in both the short run and the long run, and wage-price spirals. 3 hrs. lect.
ECON 0155 - Intro Microeconomics
An introduction to the analysis of such microeconomic problems as price formation (the forces behind demand and supply), market structures from competitive to oligopolistic, distribution of income, and public policy options bearing on these problems. 3 hrs. lect.
ECON 0211 - Regression Analysis
Introduction to Regression Analysis
In this course regression analysis is introduced. The major focus is on quantifying relationships between economic variables. Multiple regression identifies the effect of several exogenous variables on an endogenous variable. After exploring the classical regression model, fundamental assumptions underlying this model will be relaxed, and further new techniques will be introduced. Methods for testing hypotheses about the regression coefficients are developed throughout the course. Both theoretical principles and practical applications will be emphasized. The course goal is for each student to employ regression analysis as a research tool and to justify and defend the techniques used. (MATH 0121; and ECON 0150 or ECON 0155; and ECON 0210; or by approval) 3 hrs. lect., 1 hr. lab
Spring 2010, Spring 2011, Fall 2012
ECON 0411 - Applied Econometrics ▲
This course is designed to further students' understanding of parameter estimation, inference, and hypothesis testing for single and multiple equation systems. Emphasis will be placed on specification, estimation, and testing of micro/macro econometric models and using such models for policy analysis and forecasting. Large cross-sectional as well as panel data sets will be used for estimation purposes. (ECON 0211 and ECON 0250 and ECON 0255; or by approval) 3 hrs. sem.
Fall 2009, Fall 2010, Spring 2013, Fall 2013
ECON 0500 - Individual Special Project ▲ ▹
Individual Special Project
If you choose to pursue an area that we do not offer or go in depth in an area already covered, we recommend the Individual Special Project option. These ECON 0500 proposals MUST be passed by the entire department and are to be submitted to the chair by the first Friday of fall and spring semester, respectively. The proposals should contain a specific description of the course contents, its goals, and the mechanisms by which goals are to be realized. It should also include a bibliography. According to the College Handbook, ECON 0500 projects are a privilege open to those students with advanced preparation and superior records in their fields. A student needs to have a 3.5 or higher G.P.A. in Economics courses taken at Middlebury in order to pursue an Individual Special Project. ECON 0500 does not count towards one of the 10 courses for the major.
Fall 2009, Winter 2010, Spring 2010, Fall 2010, Winter 2011, Spring 2011, Winter 2012, Fall 2012, Winter 2013, Spring 2013, Fall 2013, Spring 2014
ECON 0701 - Senior Research Workshop I ▲
Senior Research Workshop I
In this first semester, students will design and begin their projects. Emphasis will be on designing a novel research question (while making the case for its importance) and an appropriate strategy for answering it. This requires immersion in the academic literature on the topic. General research principles and tools will be taught in class, as a group, while those specific to individual projects will be covered in one-on-one meetings. By the end of the term, students will outline their plan for completing the project, including demonstrating that it is a feasible research question for which the necessary information (e.g., data or source materials) is available or can be generated by the student (e.g., lab or other experiment). (Approval required)
ECON 1013 - Current Debates in Economics
Current Debates in Economics
This course will expose students who are not majoring or minoring in economics to certain current debates in economics professions, such as free trade vs. protectionism, work fare vs. welfare, pros and cons of federal deficits, deregulated financial markets, bank bailouts, immigration, and environmental activism. Basic economic tools to facilitate better understanding of the assigned readings will be covered in the class lectures. In addition, students will be required to read and present key articles which focus on some of these ongoing debates. The main objective of this course is for students to have a better appreciation of the opposing opinions in such debates. (Not open to economics majors/minors; not open to those students who have received credit for ECON 0150 or 0155)
FYSE 1369 - U.S. Economy & Immigrants
Immigrants and the U.S. Economy
The demise of national origin quotas for U.S. immigration in 1965, and its replacement with an emphasis on family reunification, opened the gates to a large and increasing flow of immigrants from the developing countries. Accordingly, this seminar will focus, within an interdisciplinary framework, on such currently pressing immigration issues as: are native-born low-skill workers displaced by recent immigrants? Is English language proficiency crucial for immigrant assimilation in the labor market? What is the role of close-knit communities in facilitating immigrant entrepreneurial activities? The mixture of perspectives should help shed light on diverse immigration policy options. 3 hrs. sem.