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Managerial Economics & Decision Sciences

Adjunct Professor of Managerial Economics & Decision Sciences

Portrait of Daniel Aaronson, Faculty at the Kellogg School of Management
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Jacobs Center Room 548

Daniel Aaronson is a Vice President and Director of Microeconomic Studies at the Federal Reserve Bank of Chicago. He received his B.A from Washington University and his PhD from Northwestern. 

Aaronson's research interests are in labor economics and U.S. economic history.  Some of his recent research projects have looked at the varied ways that firms respond to changes in low-wage labor costs, how access to credit impacts urban development, how fertility impacts female labor supply decisions as countries get wealthier, and how a large educational intervention impacts skill accumulation, fertility, mobility, and health.  His research has been published in leading journals such as the American Economic Review, Journal of Political Economy, Review of Economics and Statistics, Economic Journal, Journal of Labor Economics, and Journal of Human Resources. 

  • Ph.D., 1996, Northwestern University
    B.A., 1989, Washington University in St. Louis, Magna Cum Laude
  • Vice President, Federal Reserve Bank of Chicago, 2008-present
    Director of Microeconomic Studies, Federal Reserve Bank of Chicago, 2007-present
    Economic Advisor, Federal Reserve Bank of Chicago, 2002-present
    Senior Economist, Federal Reserve Bank of Chicago, 1999-2002
    Economist, Federal Reserve Bank of Chicago, 1996-1999

Economics of Competition (MECNX-441-0)

Economics of Competition prepares students to diagnose the determinants of an industry’s structure and formulate rational, competitive strategies for coping with that structure.