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Welcome to MInes Division of Economics & Business

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Our mission is to produce graduates and scholarship of international distinction.  We emphasize applied work devoted to industry decision making and public policy, especially as they relate to minerals and materials, energy, the environment, and technology.  Taking advantage of the strong mathematical and quantitative skills of Mines students, our degree programs emphasize quantitative methods.  As a multidisciplinary department, we focus on fields within economics and business that complement one another - that is, microeconomics, the management sciences (including operations research), and finance.


We would be pleased to talk to you about our academic programs or research.

Michael Walls
Professor and Interim Division Director

Academic Programs

Division News

The Society for Mining, Metallurgy and Exploration Inc. (SME) is pleased to announce that Graham A. Davis has been selected as the 2014 recipient of the SME/AIME Mineral Economics Award. Established in 1965, this award recognizes distinguished contributions to the advancement of mineral economics. Dr. Davis is being honored for research and teaching of modern methods of valuing and evaluating undeveloped mineral resources, and the role of minerals in economic development. Presentation of the award took place in February during the SME Annual Meeting in Salt Lake City, UT.

       Dr. Davis has been a member of SME for more than 30 years. He is a Registered SME Member and also a Fellow of the Australasian Institute of Mining and Metallurgy. Prior to joining academia he worked as a metallurgical engineer at mines in Canada and Namibia.

Professor Emiritus John Tilton was recently quoted in Science Magazine on "The Coming Copper Peak"

Graham Davis has been appointed Academic Advisor to the Brattle Group, an economics consulting firm with offices around the world. Brattle's Principals include Nobel Prize winner Daniel McFadden (Berkeley). Other Academic Advisors include Richard Brealey (London Business School), Timothy Brennan (Maryland), Robert Hall (Stanford), Gilbert Metcalf (Tufts), and Suresh Sundaresan (Columbia).

January 28, 2014,  Dr. Rod Eggert presented before the Committee on Energy and Natural Resources, U.S. Senate on S. 1600, THE CRITICAL MINERALS POLICY ACT OF 2013

On October 4th, Dr. Graham Davis gave the keynote speech at the Inauguration of the Master of Mine Management program, GERENS Graduate School, Lima, Peru.  He later gave the inaugural lecture to the first incoming class.  Other faculty and alumni of EB involved with the program include Dr. Alexandra Newman, Dr. Arturo Vasquez Cordano, Mr. Arnaldo Leon, and Dr. Max Inga.

Dr. Alexandra Newman was presented with the Teaching of Practice Award from the 2013 Committee for the Teaching of OR/MS Practice on October 6th, 2013. The awards ceremony was held at the Minneapolis Institute for Operations Research Theory and the Management Sciences (INFORMS) conference.

Vitaliy Krasko has been selected to receive a 2013 National Science Foundation (NSF) Graduate Research Fellowship (GRF). His selection was based on his "outstanding abilities and accomplishments, as well as his potential to contribute to strengthening the vitality of the U.S. science and engineering enterprise." Vitaliy is a PhD student in the ORwE program in the Division of Economics and Business. He is currently advised by Dr. Steffen Rebennack.

Dr. Edward Balistreri, along with Christoph Bohringer and Volker Clausen, hosted a workshop on trade and climate policy in early August 2013 at the University of Duisburg-Essen, Germany.

Dr. Alexandra Newman went to Europe in July to visit Stuttgart Army base and Ramstein Air Force base to discuss the counterinsurgency and logistics research of her PhD students, Marvin King and Michael Teter. Dr. Newman then went to the University of Wisconsin, Madison, to attend a conference on mixed integer programming, and to Chicago to work with Dr. Sven Leyffer of Argonne National Labs.

Dr. Steffen Rebennack gave an invited plenary talk at the "3rd International Conference on Network Analysis (NET2013), " held in Nizhny Novgorod, Russia. He presented on research conducted with Dr. Harrison Fell and Timo Lohmann, a Mines ORwE PhD student, regarding policy evaluation for power generation expansion planning with demand response using a novel dynamic Benders' Decomposition type algorithm.

 Dr. Carol Dahl received the Outstanding Contributions to the Profession Award for her contributions to the field of Energy Economics and its literature at the 36th Annual International Associations for Energy Economics International Conference at Daegu, South Korea, June 16-20, 2013.

In June 2013, Dr Alexandra Newman went to Latin America to work with Chilean researchers on optimization problems in mining and to deliver nine talks on energy and mining to members of the ministry in Peru. She also attended a Military Operations research conference with Marvin King, one of her PhD students in the ORwE program, and visited the Office of Naval Research, where she secured a grant for her incoming PhD students.

Over the Summer, Dr. Edward Balistreri visited the National Center for Atmospheric Research (NCAR) to continue his collaborative research on climate change policy and integrated assessment. Dr. Balistreri is an Affiliate Scientist with the Inter grated Assessment Modeling Group at NCAR, which focuses on the interactions between socio-economic and climate systems

Dr. John Tilton completed his 10th year of teaching one semester a year in the mining Engineering Department of the Catholic University of Chile this summer. He also published his most recent article, The Terms of Trade Debate and the Policy Implications for Primary Product Producers, in Resources Policy.

This summer, Dr. Harrison Fell presented his on-going work on renewable electricity and carbon emissions policies at the Association of Environmental and Resource Economist Summer meetings in Banff, Canada. Dr. fell has also made visits to the University of Stirling in Scotland, TU Delft in the Netherlands, and Resources for the Future in Washington, D. C. to work with various collaborators.

Rod Eggert was interviewed about the Critical Materials Institute at the University of Queensland in June, 2013. The University's Sustainable Minerals Institute is initiating a new research consortium initiative which seeks to bring together leading international academics, industry practitioners, and policy makers to discuss the full product cycle of rare earth minerals.


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Last Updated: 04/15/2014 07:39:37

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