The BYU Macroeconomics and Computational Laboratory was a collaborative group of undergraduate students and professors at BYU doing research in the field of computational macroeconomics.  We operated from 2012 through 2016 under the following set of premises:
  • Bright, motivated undergraduate students can make significant contributions to macroeconomic research.
  • To do so, they need appropriate training in numerical tools and economic theory.
  • They also need guidance from faculty dedicated to undergraduate mentoring.

Following the example of the BYU Math Department's successful IMPACT program, we select a group of well-prepared undergraduate students who have completed the economics core curriculum and who have a solid background in mathematics.  We train these students extensively during Spring Term in an intensive “boot camp” environment where they are a) introduced to a set of useful computational mathematics tools, b) introduced to modern dynamic macroeconomic theory and methods, and c) trained in numerical programming techniques.  During the following academic year students are brought onto faculty-sponsored research projects, usually as full coauthors with the intent of producing a paper ready for submission to peer-reviewed academic journal by the end of the school year.

Successful MCL students are well trained, have a strong work ethic, are highly motivated, and are ready to enter and excel in the best graduate programs in economics and finance.

The curriculum from the BYUMCL was used as the basis for the Open Source Macroeconomics Laboratory which began operation at the University of Chicago in Spring 2017.

Our Motto

In his historical fiction novel, 1356: A Novel (p. 355), Bernard Cornwell describes Edward, the Prince of Wales, as motivating his commander in the Battle of Poitiers by exclaiming, “Go with God,... and fight like the devil.” Eric Eide, the Department Chairman of the BYU Department of Economics, suggested the following adaptation of that quote for the BYU-MCL. “Go with God, and compute like the devil.” Properly latinized, as any self-respecting motto should be, we say:

Vade cum Deo, et computare similis diabolo

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