Welcome to Rutgers-Newark Economics

 

Hill Hall banners celebrate the success of  our undergraduates in the College Fed Challenge national finals

 

 

Department of Economics

The Department of Economics on the Rutgers Newark campus is composed of research-active faculty dedicated to excellence in undergraduate and graduate teaching.  Whether you are headed to the job market or graduate school, Economics (the only social science with a Nobel Prize) may be the ideal major or minor for you.

 


 

News & Announcements

  • The skyscraper was born in the United States, but in recent years, it has grown and flourished in Asia. Countries there recognize that to be seen as a player on the global stage, it helps to have tall buildings. Over a century ago, New York and Chicago demonstrated that the skyscraper is, fundamentally, a solution to an economic problem: how to allow for hundreds, if not thousands, of people and businesses to be at the same place at the same time. Urban clustering, especially in a high-tech world, is more important than ever. By promoting density, skyscrapers confer a competitive advantage and allow a city to become a beacon of commerce.

    https://www.nytimes.com/2017/10/11/opinion/china-asia-skyscrapers.

  • Ask a random person what zoning is about and he is likely to conjure up images of committee hearings and unintelligible jargon. But zoning is a crucial factor in housing affordability and the quality of life in New York City.

    Consider that from 2011 to 2015 the city added 62,345 units of housing—enough to accommodate about 125,000 people—as the population increased by more than 300,000, to more than 8.5 million. The population is on pace to reach 9 million in 2021. Meanwhile, housing costs are likely to rise in no small part because of zoning that effectively limits housing construction.

    http://www.crainsnewyork.com/article/20170412/OPINION/170419958/a-lot-of-zoning-rules-are-outdated-or-never-made-sense-to-begin-with

  • Through an economic analysis of building density, Rutgers University-Newark’s Jason Barr found that Red Hook, Gowanus, Carroll Gardens, Park Slope Brooklyn’s Chinatown, the West Village and northeastern Queens are the city’s most underbuilt residential neighborhoods. If zoning restrictions were removed, he says, the housing stock in these areas could surge.

  • "A new book by Jason Barr, an economist at Rutgers University-Newark, focuses on Manhattan, and shows why these behemoths develop, in a conversational style that almost makes you forget that you are reading a book about economic history."  http://www.economist.com/news/books-and-arts/21705303-using-economics-explain-why-buildings-get-big-up-and-up