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		Victor Chernozhukov Awarded Bessel Prize from Humboldt Foundation Victor Chernozhukov was awarded the Friedrich Wilhelm Bessel Research Award Prize from the Humboldt Foundation in January. The Bessel Prize is awarded to scholars outside Germany who are internationally renowned in their field. They are invited to spend up to a year collaborating with their peers at an institution in Germany.

		Amy Finkelstein's Work on Impact of Hospital Stays on Unemployment Featured Professor Amy Finkelstein explores the financial and employment impact of a hospital stay on Californian workers. She demonstrates that while insurance can cover the direct medical fees to an extent, it does not cover earnings losses, which are significant.

		Isaiah Andrews selected as an 2018 Alfred P. Sloan Research Fellow Silverman (1968) Family Career Development Associate Professor of Economics Isaiah Andrews has been awarded a 2018 Sloan Research Fellowship, recognizing his exceptional contributions to theoretical and applied econometrics research. These awards by the Alfred P. Sloan Foundation 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.

		Drew Fudenberg Gives Presidential Address to Econometric Society Prof. Drew Fudenberg gave the presidential address to the Econometric Society on Thursday, January 4, at the ASSA meetings in Philadelphia.

		Featured Research: MIT economist David Atkin looks beneath the surface of global commerce Take a moment to consider what the following facts have in common. In India, migrants from within the country continue to consume the favored foods of their home regions - even though the relatively high prices mean they eat less. In Mexico, more 9th graders drop out of school when a local manufacturing plant opens to export goods. And in Egypt, rug weavers earn 20 percent more in profits when orders come from foreign buyers. Three countries, three quite different issues. What are the links? First, these circumstances have all been created, one way or another, by economic trade. And second, these facts were all uncovered by MIT economist David Atkin, a scholar whose empirical, tightly focused studies of trade and development have helped experts better understand trade's effects.

		Dave Donaldson received the John Bates Clark Medal at the 2018 AEA Meetings Dave Donaldson received the John Bates Clark Medal from the American Economic Association at the AEA's annual meeting in January, with AEA President and MIT Professor Emeritus Olivier Blanchard presiding. The Clark Medal is awarded by the AEA annually to the American economist under the age of forty judged to have made the most significant contribution to economic thought and knowledge. Donaldson's scholarship has opened new vistas on longstanding questions in international economics, including gauging the welfare impacts of within-country market integration, and assessing the degree to which productivity differences between countries determine international trade flows. By pairing state-of-the-art theory with detailed and creative empirical work, Dave Donaldson's work has helped to catalyze a renaissance of empirical scholarship in the field of international trade.

		James Poterba elected to Royal Academy Mitsui Professor of Economics James Poterba, an expert on tax policy and on issues surrounding retirement security, was elected a Corresponding Fellow of the British Academy at its July 2017 meeting. The British Academy, which was chartered by King Edward VII in 1902, is the United Kingdom's national body for the promotion of humanities and the social sciences.

		New Economics and EECS undergraduate major announced MIT's Departments of Economics and Electrical Engineering and Computer Science (EECS) have announced the new undergraduate major 6-14 in Computer Science, Economics and Data Science. The new major aims to equip students with a foundational knowledge in the areas of economic analysis, computing, optimization and data science, as well as hands-on experience with empirical analysis of economic data, in order to identify, analyze and solve real-world challenges in both real and virtual settings. The central motivation for the new major is the recent raise of contemporary electronically-mediated platforms for market-level and individual exchange that combine complex human decisions with intensive computation and data processing, all of which operate within an engineered economic environment. Examples include: online markets, crowdsourcing platforms, spectrum auctions, financial platforms, crypto currencies, and large-scale matching/allocation systems such as kidney exchanges and public school choice systems.

		Esther Duflo and Sara Ellison awarded an inaugural MITx Prize for Teaching and Learning in MOOCs MIT's Office of Digital Learning honored the winners of its inaugural MITx Prize for Teaching and Learning in MOOCs (massive open online courses), recognizing educators who have devoted themselves to better engaging learners around the world through digital classrooms. Professors Esther Duflo and Sara Ellison were one of the three winning groups of co-instructors were selected from a pool of individuals who made significant contributions to MITx MOOC coursework offered on edX.org during the 2016 calendar year. Their course, 14.310x Data Analysis for Social Scientists, is used in MIT undergraduate studies and as part of the Data, Economics and Development Policy MicroMasters program. The duo were selected for their balance of rigor and accessibility in helping students acquire and develop big data skills via the edX platform.

		Esther Duflo elected to National Academy of Sciences Professor of Poverty Alleviation and Development Economics, Esther Duflo, is one of the 84 new members and 21 foreign associates from 16 countries elected to the National Academy of Sciences in recognition of their distinguished and continuing achievements in original research. Duflo joins MIT colleagues Stephen Bell (Biology), Sangeeta Bhatia (Institute for Medical Engineering and Science), Christopher Cummins (Chemistry), Klavs Jensen (Chemical Engineering), and Nergus Mavalvala (Physics) as new members in 2017.

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