In the late ‘70s and early ‘80s Finn Kydland and Edward Prescott published groundbreaking research on the time consistency of economic policies and the driving forces behind business cycles. In 2004, they were recognized for their contributions with the Nobel Prize in Economic Sciences.

Kydland, who holds the Richard P. Simmons Distinguished Professorship at Carnegie Mellon and is the Henley Professor of Economics at the University of California in Santa Barbara, doesn’t typically teach undergraduates. But this spring—for the first time in a decade—Kydland is teaching undergraduate business administration students at Carnegie Mellon University in Qatar.

“We are thrilled to welcome our first Nobel laureate to deliver a course at Carnegie Mellon Qatar. Dr Kydland has made contributions of great significance to the field of macroeconomics, and this is a rare opportunity for our students to learn from a renowned economist,” said Ilker Baybars, dean of Carnegie Mellon University in Qatar.

Kydland, a CMU alumnus, first visited the Qatar campus last year to deliver a distinguished lecture in business management. He is now spending five weeks on the Qatar campus, where he is co-teaching a course in Advanced Topics in Macroeconomics and Real Business Cycles.