Indiana State University - Department of Economics

Indiana State University - Department of Economics Holmstedt Hall, Room 275
620 Chestnut Street
Terre Haute, Indiana 47809

The connection between Indiana State University and Latin America goes back to 1983, when Dr. Donald Richards, a Profess...
05/20/2024

The connection between Indiana State University and Latin America goes back to 1983, when Dr. Donald Richards, a Professor of Economics at ISU’s College of Arts and Sciences, took part in a Junior Fellowship in Paraguay and Argentina. Since then, Dr. Richards has helped strengthen the connection with Paraguay and the institution.
The esteemed professor has brought other perspectives to the university through his lessons in Latin American Political Economy, as well as his support for students by working as an advisor for International Studies. He has also successfully hosted two Fulbright Visiting Scholars from Paraguay.
As Dr. Richards retires from the university this year, his legacy of internationalizing the Department of Economics and the organization is certainly expected to continue.
Part of this legacy will be strengthened through Marcelo Echague Pastore, former Director of Institutional Relations at Paraguay’s Securities and Exchange Commission. Prof. Pastore is the current Fulbright Scholar-in-Residence at Indiana State University, where he has spent the academic year co-teaching Latin American Political Economy with Dr. Richards, as well as Economic Development with Dr. Bassam Yousif.
Talking about his time in Terre Haute, Pastore said, “when we submitted the application for the Fulbright Scholar-in-Residence program, there was only one place on my mind: Indiana State University. I was already aware of the university’s historical ties to my home country Paraguay, and working alongside the Department of Economics has allowed me to teach and research at the highest level while gaining a deeper understanding of the differences of the economies in our countries.”
He added: “Through collaboration with other organizations in the city and state, I have also been able to further explore the connections between Terre Haute and Paraguayan institutions. My favorite thing about this opportunity has been meeting so many fantastic people and the connections I have made. While I am certainly sad that my time here is soon coming to an end, I am confident that this is not a farewell and that the relationship between Paraguayan organizations and Indiana State University will continue to strengthen.”
In addition to teaching, Prof. Pastore has been involved in over 130 events and activities since his arrival at Indiana State in Fall 2023. These include workshops on financial literacy, collaborating with universities based in Paraguay, and working with local organizations such as Ivy Tech Community College, Indiana Council for the Social Studies, United Campus Ministries, St. Mary of the Woods College, and Rose-Hulman Institute of Technology, among many other institutions.
Prof. Pastore earned a bachelor’s degree in economics from the National University of Asuncion – Paraguay and a master’s in public policy from the National Graduate Institute for Policy Studies in Tokyo, Japan. He is a former World Bank Junior economist for several Latin American countries, including Paraguay, Argentina, and Uruguay.
The Fulbright Program is the U.S. government’s flagship international academic exchange program, supported by the people of the United States and partner countries around the world. Participating governments, home and host institutions, corporations, and foundations worldwide also provide direct and indirect support to the Program, which operates in over 160 countries across the globe.

Faculty, students, staff, alumni, and community members are invited to attend the annual Creason Memorial lecture, in me...
04/03/2024

Faculty, students, staff, alumni, and community members are invited to attend the annual Creason Memorial lecture, in memory of long-time Professor of Economics, Dr. Woody Creason. This year’s speaker is Pat Martin, ISU Economics alumnus and Senior Transportation Planner, City of Bloomington, on Friday April 26 at 5 pm. His topic is "Terre Haute Public Finance Infrastructure Investments: 1996-2016." Light refreshments will be provided.

When: Friday April 26, 2024 at 5 pm
Where: HMSU, 9th floor

For additional information please contact: Debra Israel, Chairperson, Department of Economics, [email protected]

Anastasia presents at Issues in Political Economy conference and Marcelo presents at Eastern Economics Association today...
03/05/2024

Anastasia presents at Issues in Political Economy conference and Marcelo presents at Eastern Economics Association today in Boston!

02/12/2024
Fulbright Scholar-In-Residence Marcelo Echague Pastore gave a presentation yesterday at the Terre Haute Rotary Club call...
01/24/2024

Fulbright Scholar-In-Residence Marcelo Echague Pastore gave a presentation yesterday at the Terre Haute Rotary Club called "Paraguay at a Glance." He talked about the culture, socioeconomic and political aspects of his home country!

01/23/2024

Surely, you’ve seen and heard about the putt that shocked the world. Last week, Indiana State University senior and economics major Camden Harden sunk a 94-foot putt to win $10,000. This viral play exploded on the internet and even took top play on SportsCenter’s Top 10 plays. Get to know more about the Terre Haute native below.

Q: How confident were you going into this challenge?

A: Probably more confident than most since I have been playing golf consistently for about 7 years. I go to every home game and watch away games on the TV. My parents have season tickets. With that being said, I have seen the putt for quite some time. Everybody shoots it too fast. When it’s on hardwood, it is going to roll for days I told myself that I need to hit this soft and focus on hitting it straight.

Q: Is there one moment of this experience at all that stood out? Surely being the #1 play on SportsCenter Top 10 must be surreal.

A: So surreal. This is a moment I will never forget, and neither will a lot of the people I know. One day Ill share this with my kids. This is definitely the number 1 highlight of my whole 21 years of life.

Q: Any plans on how you plan to spend your new fortune?

A: Going to save my money that I get and hopefully use it in a year or two on a down payment for a house or car. Whichever one comes first!

Marcelo Echague Pastore, Visiting Fulbright Scholar-in-Residence with the Indiana State Department of Economics, talks t...
01/03/2024

Marcelo Echague Pastore, Visiting Fulbright Scholar-in-Residence with the Indiana State Department of Economics, talks to Economics students at South Vigo High School about Global Macro Indicators with a Focus on Paraguay!

Check out the article titled "Personal Finance is a Social Science" by Katrina Babb, Director of the Indiana State Unive...
12/11/2023

Check out the article titled "Personal Finance is a Social Science" by Katrina Babb, Director of the Indiana State University Center for Economic Education, and Morgan Babb!

The Indiana Council for Social Studies is conducting a Professional Development Insight Survey to tailor our programs to your needs. We value your input on preferred topics, convenient times, and ideal frequency for these events. Your feedback will directly shape our future professional development....

Congratulations to Chloe Farro, Marketing and Economics major, and for being named ISU Athlete-of-the-week!
11/10/2023

Congratulations to Chloe Farro, Marketing and Economics major, and for being named ISU Athlete-of-the-week!

TERRE HAUTE, Ind. – Indiana State women's swimming and diving's Chloe Farro was named this week's Mark Clinkenbeard Construction ISU Student-Athlete of the Week as announced by the athletic department on Monday afternoon.

09/28/2023

You’re invited to attend the Social Science Research Seminar on Wed. Oct. 4 from 4-5 pm in Holmstedt Hall 280. Dr. Don Richards from the Department of Economics will present his research on “Five Provocative Questions Regarding the ‘Father of Economics’.” For further information, or to present your research in the future please contact Dr. Debra Israel, Department of Economics at [email protected] or 812-237-2165.

Address

620 Chestnut Street
Terre Haute, IN
47809

Opening Hours

Monday 7:30am - 4pm
Tuesday 7:30am - 4pm
Wednesday 7:30am - 4pm
Thursday 7:30am - 4pm
Friday 7:30am - 3:30pm

Telephone

+18122372160

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