Personal Info

E-mail: terry.oshaughnessy(at)economics.ox.ac.uk

Tel: 01865 274863

Special responsibilities: Director of Studies for Philosophy, Politics and Economics (PPE); Director of Studies for Economics and Management (E&M).

Academic Background:
My first degrees were in Mathematics (University of Adelaide, 1970) and Electrical Engineering (University of Adelaide, 1971) and I subsequently studied Economics at King’s College Cambridge (MPhil, 1981; PhD, 1988). Between 1985 and 1989 I held a Junior Research Fellowship at King’s. I have been at St Anne’s since 1990.

Teaching Interests:
Undergraduate: I teach the Introductory Economics paper to first-year students in PPE, E&M and Modern History and Economics and to students in Engineering, Economics and Management and Materials, Economics and Management. I also teach the two core Economics papers (Microeconomics and Macroeconomics) as well as the Public Economics paper.

Graduate: I supervise graduate students in two areas: Public Economics (education, pensions, health) and Macroeconomics. I also convene a Graduate Economists’ Group in St Anne’s where graduate students and undergraduates who are doing research projects meet to discuss their work.

Research Interests:
I research in two areas: macroeconomics and public economics. On the macroeconomics side my main focus is on unemployment and inflation in open economies and, in particular, the relationship between these variables in the short, medium and long runs. A key concept I use is that of hysteresis which links short-run and long-run economic performance.
My research in public economics explores equity-efficiency trade-offs in a number of settings (for example, school choice and queuing for health care). I am also working on an ambitious project to provide an account of the ways in which economists have, over the past 230 years, explained sources of inequality and proposed policies to make societies less unequal. Here my research draws not only on economics but also on political philosophy and political science.

Selected Publications:
T. O’Shaughnessy, ‘Hysteresis in an Open Economy Model’, Scottish Journal of Political Economy, Vol. 47, No. 2 (2000), 156-82
T. O’Shaughnessy, C. Allsopp and T. Jenkinson, ‘Does the Balance of Payments Matter?’ in T. Jenkinson (ed.), Readings in Macroeconomics, Second Edition (2000)
T. O’Shaughnessy, ‘Robinson and Eatwell on the Long-period Theory of Employment’ in P. Kerr and G. Harcourt (eds.), Joan Robinson: Critical Assessments of Leading Economists, Vol. 2 (2001)
T. O’Shaughnessy and G.C. Harcourt, ‘Keynes’s Unemployment Equilibrium’ in P. Kerr and G. Harcourt (eds.), Joan Robinson: Critical Assessments of Leading Economists, Vol. 2 (2001)
T. O’Shaughnessy, ‘Richard Ferdinand Kahn’ in D. Rutherford (ed.), The Biographical Dictionary of British Economists, Vol. 2 (2004)
T. O’Shaughnessy, ‘The European Union – A Responsible Trading Partner?’ in H. Mayer and H. Vogt (eds.), A Responsible Europe? Ethical Foundations of EU External Affairs (2006)
T. O’Shaughnessy (joint editor), Economics and Economic Change: Macroeconomics (2006)
T. O’Shaughnessy, ‘Parental choice and school quality when peer and scale effects matter’, Economics of Education Review 26 (2007), 501-15