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Faress Bhuiyan

Associate Professor of Economics, Economics
Chair of Economics, Economics

Education & Professional History

Northwestern University, BA, MA, PhD

I spent much of my formative years growing up in a middle-income household in Dhaka, Bangladesh. My interest in development is strongly related to my upbringing there. I left Bangladesh in 2000 and received a bachelors and subsequently masters and doctoral degrees in Economics from Northwestern University (IL, USA). Although I began college with the aim of studying Physics and Mathematics, thanks to some incredible economics professors at Northwestern, during my sophomore year, I decided to change my focus towards Economics.

Living in Bangladesh, I have always been astonished by the high degree of conspicuous consumption that people of all socioeconomic backgrounds seem to indulge in. I was convinced very early on that interpersonal comparisons play a major role in individual decisions. Consequently, my graduate work involved constructing a theoretical model of interdependent preferences to study how peer comparisons affect labor supply decisions, subjective well-being, rural-to-urban migration and the economy as a whole. My research has since expanded to determinants of different subjective wellbeing measures, mental suffering, quality of life research, microfinance, survey methodology, perception formation, and income inequality, particularly as it all relates to economic development.

I enjoy teaching microeconomics of development, labor economics, and welfare economics.  A huge fan of the Bangladesh cricket team, the Argentine soccer team, Barcelona FC and mainstream music, I love playing soccer, cricket, badminton, ping pong and listening to music.

At Carleton since 2010.

Organizations & Scholarly Affiliations

President, Nourish Bangladesh

GLO Fellow, Global Labor Organization

Advisor, The Happiness Alliance

Consultant, Global Team for Local Initiatives

Director, Winter Break Off-Campus Studies to Bangladesh, Carleton College, MN

Off-Campus Studies Fellow (past), Carleton College, MN

Director, Minnesota Economic Association (past)


  • World Development
  • Applied Economics (Incorporating Applied Financial Economics)
  • Journal of Business Venturing
  • Journal of Happiness Studies
  • Economics Journal of International Wellbeing
  • Journal of Economics and International Finance
  • Choice, Association of College and Research Libraries


  • International Society for Quality of Life Studies
  • Midwest Economic Association
  • American Economic Association
  • Western Economic Association International

Current Courses

  • Fall 2023
    ECON 240: Microeconomics of Development
    ECON 274: Labor Economics
    ECON 392: Independent Research
  • Winter 2024
    ECON 201: Analysis of Microeconomic Development Models
    ECON 291: Independent Study
  • Spring 2024
    ECON 246: Welfare Economics and Mechanism Design
    ECON 291: Independent Study
  • Fall 2024
    ECON 111: Principles of Microeconomics
  • Winter 2025
    ECON 111: Principles of Microeconomics
    ECON 240: Microeconomics of Development
  • Spring 2025
    ECON 274: Labor Economics
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Curriculum Vitae