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Dr. Ehsan Ahmed
Contact Info

JMU Faculty Ehsan AhmedProfessor and Head of the Economics Department


Started at JMU: 1983


Ph.D. (Economics), Michigan State University
M.A. (Economics), Roosevelt University, Chicago
M.A. (Economics), Government College, Lahore, Pakistan
B.A. (Economics, Political Science), Punjab University, Lahore, Pakistan

Professional Interests:

Research and teaching: Monetary Macroeconomics, Global Financial Market, Applied Econometrics, Economic Growth

Personal Interests:

Interfaith and intercommunity dialogue. Promotion of Pakistani-American cultural and political understanding and interaction. 

Current Courses Taught:

GECON 200 Principles of Macroeconomics
ECON 332 Intermediate Macroeconomics
ECON 432 Advanced Macroeconomics (Economic Growth) 

Key Publications:

“Jamaat-i-Islami and the field of Islam Economics” Oxford Encyclopedia of Islam and Finance, forthcoming, Ed. El-Gamal, Mahmoud, NY, USA: Oxford University Press, Forthcoming.

“Financial Development and Bubbles: The Case of the Karachi Stock Exchange of Pakistan” Co-authored,Journal of Emerging Markets, Summer 2010, Volume 15, Number 2, pp 33-48. 

“Emerging Markets and Stock Market Bubbles: Nonlinear Speculation?” Coauthored, Emerging Markets Finance and Trade, July-August 2010, Volume 46, No 04, pp 23-40.

“Nonlinear Bubbles in Chinese Stock market in the 1990’s “, Co-authored, Eastern Economic Journal, winter 2006, Volume 32, Number 1, pp 1-18.

Multiple Unofficial Economy Equilibria and Income Distribution Dynamics in Systemic Transition (with Barkley Rosser and Marina Rosser), Journal of Post Keynesian Economics, (2003), Volume 25, No. 3, pp 425-447.

Volatility Via Social Flaring (With Barkley Rosser and George Hartman), Journal of Economics Organization and Behavior (2003), Volume 50, No. 1, pp 77-87

“Income Inequality and the Informal Economy in Transitional Economies”, Coauthored, Journal of Comparative Economics. (2000), 28, pp 156-171

"State-Space Estimation of Rational Bubbles in the Yen/Deutschemark Exchange Rate"  (Co-authored), WeltwirtschaflichesArchiv (1999), Vol. 135(2), pp 317-33

Positions Held:

January 1998 - present, Head, Economics Department, James Madison University
1997 - present, Professor of Economics, James Madison University
1989-1997, Associate Professor of Economics, James Madison University
1983-1989, Assistant Professor of Economics, James Madison University 


Recipient of Madison Scholar Award 2002-03 James Madison University, College of Business, James Madison University. (Madison Lecture delivered in College of Business, fall 2002: Title “Islamic Economics: Past, Present and Future).

Community Service Award, College of Business, James Madison University, 2010-11

Business Community Service Award, 1995-96, College of Business, James Madison University.