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| | University of Chicago: Department of Economics |
 | | Chicago research in applied microeconomics has made important contributions to understanding problems in industrial organization, informational economics, human capital and other aspects of labor economics, agricultural economics and economic development, law and economics, including the Coase theorem, the economics of slavery, choice under uncertainty, and many other important issues. |
 | | Current research is analyzing returns to education, crime, use of illegal drugs, the value of life, and investments in health, marriage and divorce, including the effects on labor markets, demand for insurance, the structure of industries, and many other topics. |
 | | The Cowles Commission was active at Chicago in the 40's and 50's and developed pioneering methodology for the study of causality and simultaneity that is the foundation of modern econometrics. |
| economics.uchicago.edu /about_research.shtml (816 words) |
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