Faculty & Research

Ram Shivakumar

Clinical Professor of Economics and Strategy

Phone :
Address :
5807 South Woodlawn Avenue
Chicago, IL 60637

Ram Shivakumar specializes in industrial organization and business strategy. His research has appeared in the California Management Review, Journal of International Economics, the Canadian Journal of Economics, and the Journal of Industrial Economics. His current research projects include: (1) Sports analytics in cricket (2) the evolution of small and medium-sized enterprises in India and (3) the organizational and market challenges in scaling the firm.

In describing his courses, Shivakumar says, "I try to do three things in my courses. The first is to try to instill a passion & enthusiasm (in my students) for the subject matter. Second, I place a premium on intuition and first principles since these are, for the most part, the only things that students remember long after the course is done. And third, my courses encourage students to think both big and small: to develop a big picture view of how industries and markets might evolve, to identify the emerging opportunities and to also think through the micro-challenges that firms must address if they are to become industry leaders."

Shivakumar received a bachelor's degree in economics from the University of Madras, India, a master's degree in financial mathematics from the University of Chicago, and a PhD in economics from Indiana University.

Shivakumar is an avid crossfit and golf enthusiast, and enjoys reading, cooking and traveling.


2014 - 2015 Course Schedule

Number Name Quarter
33001 Microeconomics 2014 (Fall)
33001 Microeconomics 2015 (Spring)
42001 Competitive Strategy 2014 (Fall)
42800 Competitive Strategy 2015 (Winter)

2015 - 2016 Course Schedule

Number Name Quarter
33001 Microeconomics 2016 (Spring)
42001 Competitive Strategy 2015 (Fall)
42800 Competitive Strategy 2016 (Winter)

Other Interests

Cricket, golf.


Research Activities

Industrial organization; financial economics.

"Strategic trade policy: Choosing between export subsidies and export quotas under uncertainty," Journal of International Economics (August 1993).

With Andrew C. Brod, "On R&D Cooperation and the Joint Exploitation of R&D," Canadian Journal of Economics (July 1997).

With Andrew C. Brod, "Advantageous Semi-Collusion," Journal of Industrial Economics (September 1999).

For a listing of research publications please visit ’s university library listing page.