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January 3, 2025 | News

The Department of Economics Announces the 2024-25 Tobin Scholars

Tobin Scholars

The Department of Economics is proud to announce the 2024-25 recipients of the Tobin Scholar Prize for their outstanding performance in the Department of Economics core courses. The four seniors are Nina Gaither, Logan George, Paris Suksmith, and Alex Ye.

The prize honors James Tobin, a prominent member of the Department of Economics at Yale from 1950 to 2002, and the recipient of the Nobel Prize in Economics in 1981. Alumni Stephen Freidheim and David Swensen (Yale’s former Chief Investment Officer) created the Tobin Scholars Prize in 2012 to honor Professor Tobin and his scholarship.

In recognition of their accomplishments, the majors receive a cash prize and are presented the Tobin Scholars Mory’s Cup. For more history on the prize, and an interview with Stephen Freidheim and David Swensen, see this article.

The Department is excited to present this year’s award to Nina, Logan, Paris, and Alex, and highlight their achievements below.

Nina Gaither

Gaither

What drew you to major in economics?

I was drawn to Economics' ability to quantify social phenomena and to propose effective solutions to the wide range of issues that I care about. For example, my work as a research assistant has allowed me to look at eviction, female labor outcomes, conviction, and urban renewal.

What’s been your favorite class so far?

My favorite class so far has been ECON 136 Econometrics because we built from seemingly scratch the theory behind causal analysis and then applied it to issues like how staggering students into tiered performance-based classes impacts their learning outcomes. Even more importantly, Professor Vytlacil is a great professor!

Are you doing a senior essay, and if yes, what’s the topic?

I am writing my senior essay on assessing farmers' competitive responses to grain market oligopsonies.

What activities have you been involved with at Yale?

I'm involved in Women in Economics and Yale's Handbells Ensemble. I'm also a huge fan of the Schwarzman Center events, so if there were a student group dedicated to attending those, I would be in it.

Logan George

George

What drew you to major in economics?

I have always hoped for a career in public service, and when I took Introductory Micro my freshman year, I was instantly hooked. I love how Economics provides quantitative skills to critically analyze the world and hope to apply these skills to data-driven policy making in the future.

What’s been your favorite class so far?

My favorite class at Yale was the Global Financial Crisis taught by Professor Andrew Metrick. I was fascinated to learn the mechanics of the 2008 crisis and how regulators can build a more stable financial system. This class also inspired me to pursue a career in financial system regulation.

Are you doing a senior essay, and if yes, what’s the topic?

Yes! I am writing my senior essay on the Community Bank Leverage Ratio Framework (CBLR). The CBLR was a 2020 policy that allowed small banks to opt out of risk-weighted capital reporting to reduce the regulatory burden on the financial system. My project will examine whether banks that opted out engaged in riskier behavior when they were no longer subject to the same level of regulatory scrutiny.

What activities have you been involved with at Yale?

Outside of my academics, I am involved in Asian-ish, an affinity group for multicultural Asian students, Saybrook College Council, Yale Votes, and Women in Economics. I am also a peer mentor for the Economics department and have peer tutored for Introductory Macroeconomics and Intermediate Microeconomics.

Paris Suksmith

Suksmith

What drew you to major in economics?

Studying economics helps me understand a broad range of important issues. I can simultaneously discover both why some countries have prospered economically (hint: institutions are crucial – see the 2024 Economics Nobel for more!) and why the oat chai latte at Elm has seen a steep price hike this year. Second, Yale’s economics courses provide an opportunity to develop a diverse range of skills, from programming quantitative econometric models to evaluating competing macroeconomic theories in literature.

What’s been your favorite class so far?

One class I greatly enjoyed was Games and Information with Professor Polak and Professor Zhou (ECON 160). Building on the famed course ECON 159 (which I think everyone should consider!) was an opportunity to relax assumptions made in the previous course and introduce new concepts such as marriage algorithms, gerrymandering, and auction design. As a joint Global Affairs major, both classes connect the two academic fields incredibly well.

Are you doing a senior essay, and if yes, what’s the topic?

My thesis aims to understand why Thailand has disproportionally benefited from the US-China trade war and the resulting export tariffs through three methods: 1) using CGE and gravity trade models to assess whether Thailand’s exports in key sectors showed different price elasticities to competitors nations; 2) analyzing WITS trade data to identify which bilateral partnerships and sectors benefited most from these tariffs; and 3) surveying key policymakers to incorporate qualitative insights into Thailand’s response strategy, with an eye toward predicting the future impact of US-China tariffs on Thailand’s economic growth.

What activities have you been involved with at Yale?

Throughout my four years, I have been involved in the Yale Spizzwinks(?) A Cappella group, the Students’ Association of Thais at Yale, Yale Global Strategy & Consulting Group, the International Students Organization, Yale Danceworks, and the Yale Buddhist Student Community – a fun smattering of different experiences.

Alex Ye

Ye

What drew you to major in economics?

Economics helps us understand how people make decisions, which I find fascinating. It combines quantitative analysis with interesting questions that are socially relevant.

What’s been your favorite class so far?

I have two: Behavioral Finance with Professor Barberis and Monetary Policy with Professor English. Behavioral Finance describes how certain irrational behaviors might explain market anomalies, using concepts from psychology to challenge the traditional explanations. Monetary Policy helped me understand how policymakers approach the difficult task of maintaining stable prices while also keeping employment healthy. Both Professor Barberis and Professor English do an amazing job of explaining complex concepts in a simple, engaging manner.

Are you doing a senior essay, and if yes, what’s the topic?

I'm writing a senior essay about how central bank communications differ across countries, and the potential effects of these differences on financial markets. The topic is motivated by the fact that how a central bank communicates a policy is often just as important as the policy itself.

What activities have you been involved with at Yale?

I am a member of Yale's Fed Challenge Team, which participates in a competition that involves analyzing macroeconomic conditions and presenting a monetary policy recommendation. I am also an ULA for Intermediate Machine Learning, a member of the Yale Undergraduate Piano Collective, and previously a writer for the Yale Daily News.