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		Featured Research: The Man Who Made Us See That Trade Isn't Always Free Ford Professor David Autor is one of the leaders of the empirical revolution in economics, pioneering ways to make the economics discipline both more credible and more relevant. He has tackled subjects like monopoly power and the polarization of the job market. But perhaps his biggest bombshell has been his finding, along with co-authors David Dorn and Gordon Hanson, that opening the U.S. economy to trade with China hurt American workers a lot more than had previously been thought. Though that finding has been challenged by others such as George Washington University's Jonathan Rothwell, it has already changed the way economists think and talk about the costs and benefits of free trade.

		Alexander Wolitzky selected as an Alfred P. Sloan Research Fellow Pentti J. K. Kouri Career Development Associate Professor of Economics, Alex Wolitzky, has been awarded a 2017 Sloan Research Fellowship. The Sloan Research Fellowships seek to stimulate fundamental research by early-career scientists and scholars of outstanding promise. These two-year fellowships are awarded yearly in recognition of distinguished performance and a unique potential to make substantial contributions to their field.

		Daron Acemoglu wins BBVA Foundation Frontiers of Knowledge Award Elizabeth and James Killian Professor of Economics Daron Acemoglu has won this year's BBVA Foundation Frontiers of Knowledge Award for Economics, Finance, and Management, in honor of his prolific research contributions that have helped reshape his discipline over the last two decades. The BBVA Foundation awards honor recipients in eight intellectual and artistic categories for "contributions of broad impact for their originality and theoretical significance," including "research work that successfully enlarges the scope of our current knowledge."

		Featured Research: Better wisdom from crowds The notion that the average judgment of a large group is more accurate than that of any individual, including experts, is widely accepted and influential. This "wisdom of the crowd" principle, however, has serious limitations, as it is biased against the latest knowledge that is not widely shared. A new study, co-authored by joint Economics-Sloan Professor, Drazen Prelec, proposes an alternative principle - the "surprisingly popular" principle - that requires people to answer a question and also predict how others will answer it. By selecting the answer that is more popular than people predict, the "surprisingly popular" algorithm outperforms the wisdom of crowds.

		Rob Townsend to Lead Society for the Advancement of Economic Theory On January 1, Robert M. Townsend, the Elizabeth & James Killian Professor of Economics, began his tenure as President of the Society for the Advancement of Economic Theory (SAET). Founded in 1990 and dedicated to advancing knowledge in theoretical economics, SAET publishes the journals Economic Theory and Economic Theory Bulletin, names Economic Theory Fellows, and bestows the Aliprantis Prize for Excellence to a young researcher. SAET also facilitates communication among researchers in economics, mathematics, game theory, and other fields that have the potential to inform and shape economic theory.

		John Van Reenen awarded OBE for services to Economics and Public Policy John Van Reenen, Professor in MIT Department of Economics and Sloan was made an officer of the Order of the British Empire (OBE) in Queen Elizabeth II's New Year's Honors for services to Economics and Public Policy Making. The Order of the British Empire is an honor conferred by the Queen to those who have made significant achievements in public life and committed themselves to serving and helping the United Kingdom.

		Parag Pathak elected Fellow of the Econometric Society Jane Berkowitz Carlton and Dennis William Carlton Professor Parag Pathak, along with colleagues Alberto Abadie and Jon Gruber, is one of the 16 new Fellows of the Econometric Society elected in 2016.

		Jonathan Gruber elected Fellow of the Econometric Society Ford Professor Jonathan Gruber, along with colleagues Alberto Abadie and Parag Pathak, is one of the 16 new Fellows of the Econometric Society elected in 2016.

		Alberto Abadie elected Fellow of the Econometric Society Professor Alberto Abadie, along with colleagues Jon Gruber and Parag Pathak, is one of the 16 new Fellows of the Econometric Society elected in 2016.

		MicroMasters in Data, Economics, and Development Policy (DEDP) Announced J-PAL and MIT's Department of Economics has announced an innovative online MITx MicroMasters credential in Data, Economics, and Development Policy (DEDP), as well as a unique blended MIT Master's program in DEDP, which combines online learning with one semester in residence at MIT. The DEDP MicroMasters program equips learners with the practical skills and theoretical knowledge to address challenges that the poor face in both developing and developed countries. Through a series of five online courses taught by J-PAL affiliated professors and MIT professors of economics, learners will gain a strong foundation in microeconomics, development economics, probability and statistics, and engage with cutting-edge research in the field. The DEDP MicroMasters is also unique in its focus on the practicalities of running randomized evaluations to assess the effectiveness of social programs and its emphasis on hands-on skills in data analysis. While the MITx DEDP MicroMasters is open to all learners, the highly selective MIT blended Master's program will consider only students who have earned-and excelled in-the MicroMasters by successfully completing all courses and corresponding in-person exams. If accepted, students will earn MIT credit for the MicroMasters courses and will be able to pursue an accelerated on-campus Master's degree at MIT. The DEPD MicroMasters is now open for enrollment for courses beginning in February 2017. (Photo credit: Francisca de Irruarrizaga)

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