The Department of Economics, located in the Rice University’s School of Social Sciences, is undergoing a major transformation. Under the leadership of newly appointed Department Chair Antonio Merlo, the department is poised to become a center of excellence for research and teaching in economics. Its faculty, engaged in cutting-edge research and effective teaching, is committed to the advancement of knowledge in all areas of economics and to foster a better understanding of the importance of economic research in the formulation and assessment of public policy.