David Hakes

Professor of Economics


Ph.D. (Economics -- Monetary and International) Iowa State University; B.S.  (Economics and Industrial Administration) Iowa State University.

Teaching Interests

Principles and Intermediate Macroeconomics, Money and Banking, History of Economic Thought.

Research Interests

Monetary Policy, Central Banking, Financial Markets, Macroeconomics.


Editor, Journal of Economics.

Professional Accomplishments

David's macroeconomic and monetary policy research has been published in a variety of academic journals, such as the Journal of Money, Credit, and Banking, Southern Economic Journal, Public Choice, Journal of Macroeconomics, Eastern Economic Journal, and History of Political Economy. He also writes the study guides that accompany the most popular principles of economics and money and banking textbooks. He is well respected as an outstanding teacher, and was recognized with the 2003 UNIBusiness Faculty Teaching Award. David also earned the UNIBusiness Scholarly Achievement Award in 1995, the UNIBusiness Service Award in 2000, and the Regents Award for Faculty Excellence in 2000.

Latest News & Views

Curris Business Building circa 1986
Is history on repeat? Former UNI student body presidents weigh in on the changes

Four former student body presidents and graduates from the College of Business Administration shared the highlights and struggles of their terms across four decades, illuminating along the way the universal struggles of the college experience and the unique challenges brought on by current events.

5 months 23 hours ago
news media at press conference
News bias? You choose the news you wish to consume

During election season, people love to accuse the media of bias. Liberals and conservatives assail local and national newspapers, as well as various television newscasts, of tilting in one political direction or another. Since it is unlikely that a news source can be biased in both directions, many people’s perceptions must be erroneous.

5 months 3 weeks ago
UNI business students at career fair
The complete guide to choosing a college major

College is an exciting time in your life, but don’t spend all four years merely enjoying it – you should take advantage of this time to determine exactly what you want to do with your life. This article will help you decide how to choose your college major that fits your long-term goals.

5 months 4 weeks ago
digital face
Scammers have not fallen victim to COVID-19

The COVID-19 epidemic has revealed that scammers are still alive and well. They nimbly offered nostrums to prevent or cure the virus to naïve buyers within a few weeks of the epidemic’s explosion. In doing so, the medical quacksters have lived up to their predecessors: let no health scare or new technology go to waste.

6 months 2 weeks ago
tax refund check with U.S. dollars
Moral hazard in the labor market

In the wake of the disruption in America’s economy, legislators on both sides of the aisle quickly rushed through palliatives for American businesses and workers. In doing so, they may have created situations rife with what economists call “moral hazard,” situations where the affected parties have disincentives to mitigate losses.

6 months 2 weeks ago