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Nicholas Karatjas

Nicholas KaratjasOffice: McElhaney Hall, Room 213-F

Office Phone: 724-357-4855



Ph.D., Economics, State University of New York at Stony Brook

M.A., Economics, State University of New York at Stony Brook

B.A., Economics, George Washington University

Areas of Expertise:

Economic Education, Health Economics, Managerial Economics, and Tourism Economics


Dr. Karatjas is a professor in and chairperson of the Department of Economics. He has been a member of the Department of Economics since 1978 and department chair since 1998.

Dr. Karatjas coauthored (with the late Dr. James Dyal) a survey textbook titled Basic Economics, published by Macmillan Publishing Company. In addition, they coauthored the student study guide, instructor’s manual, and testbank. Dr. Karatjas is also a manuscript/software reviewer/consultant for a variety of economics publishers.

Dr. Karatjas has cochaired the IUP Council of Chairs and was chair of the University-Wide Promotions Committee. He is currently a member of the Academic Affairs Strategic Planning Steering Committee and chair of the Building a Community Workgroup. He initiated the department’s involvement with the Administrative and Leadership Studies (ALS) Program and, as a result, the department now offers two required classes as part of the ALS Ph.D. Program. Dr. Karatjas authored and had approved the only on-line courses (Basic Economics, Principles of Macroeconomics, and Principles of Microeconomics) currently offered by the department. He is also the department’s webmaster. Dr. Karatjas recently co-wrote a new course designed to increase financial literacy. This course, ECON 143 Financial Wellness, is one of the options in the the Dimensions of Wellness liberal studies requirement. While the course is structured to provide students with information relative to their financial experiences during college, the principles and strategies examined are applicable throughout a student’s lifetime.

Currently, one of Dr. Karatjas’s areas of interest is the economy of Cyprus. He has been fortunate to be able to work with the Pyla-Koutsopetria Archaeological Project (PKAP), which is codirected by Dr. Scott Moore, chairperson of IUP’s Department of History. Because of this collaboration, he has been able to visit Cyprus in 2008 and 2009 and has been able to reconnect with his father’s family. He hopes to be able to visit Cyprus on a regular basis.

As a result of his involvement with his wife’s dollhouse miniatures business, Dr. Karatjas just completed four years as a member of the Board of Trustees of the National Association of Miniature Enthusiasts as Marketing/Publicity Board Liaison. Also, because of this involvement with his wife's business, he recently participated in a session titled “Using Miniatures in the Family and Consumer Sciences Classroom: Opportunities for Cross-Curricular Learning” at the annual Pennsylvania Association of Family Consumer Science (PAFCS) conference.