Cooperative Extension Service Communications and Technology Department 3354 1000 E. University Ave. Laramie, WY 82071 (307) 766-2540 • fax (307) 766-3998 • www.uwyo.edu

 

For Immediate Release

 

Contact: Robert Waggener, Editor

Phone: (307) 766-3571

E-mail: robertw@uwyo.edu

 

Date: Oct. 4, 2006

Experimental economics lab goes online at UW

            A state-of-the-art computer laboratory for economic experiments in research and teaching has gone online in the University of Wyoming’s College of Agriculture.

            Research will be the primary use of the new laboratory in the Department of Agricultural and Applied Economics. It will also allow students to participate in economic experiments. Students will experience such things as how livestock auctions and other trading institutions work and how economic policies impact the markets.

            Associate Professor Roger Coupal, interim department head of agricultural and applied economics, said, “From a research perspective, you can focus on particular aspects of a policy. Does it cut back on production? Does it give producers more income? How does it affect supply and demand?”

            Undergraduate and graduate agribusiness and resource economics classes will use the laboratory.

            Faculty and staff members in the Department of Agricultural and Applied Economics designed the lab and developed computer software.

            The facility is reportedly the first “full-fledged” experimental economics lab in Wyoming.

            On the Web: http://www.uwyo.edu/agecon/.

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