Ph.D. University of Tennessee, 2019

M.A. University of Tennessee, 2015

M.PHIL. University of Ghana, 2010

 B.A. University of Ghana, 2007


 Teaching: Contemporary Issues in Macroeconomics, Macroeconomic Theory, International Economics

 Research Areas: Macroeconomics, Monetary Economics,  International Economics, Development Economics, Taxation  

Professional Website



Twin Cities PBS, Economist Panel on Minnesota's economy

MPR news: Twin Cities receives hopeful inflation report: what does it mean for your wallet?

StarTribune:  "Twin Cities prices leap 7.4%, not as high as rest of U.S."

WCCO-TV news at 10: "When should we worry about inflation"

Featured Expert: Zippia's future of the job market report

St. Olaf news: "Economics professor blends classroom learning and real-world applications"



"Overconfidence, underconfidence and entry in contests”, with W. Neilson and J. S. Lee, Managerial and Decision Economics, August 2023.

“Tackling the shadow economy through inflation and access to creditwith M. Mohsin, The Journal of International Trade & Economic Development, June 2023.

"Remittances and financial development in Caribbean countries", with C. Cannonier, In: Cannonier, C., Galloway Burke, M. (eds) Contemporary Issues Within Caribbean Economies, June 2022, pp. 191-23, Palgrave Macmillan, Cham.

"Welfare implications of trade liberalization when revenue matters" with M. Mohsin, The Journal of International Trade & Economic Development, February 2021, Vol. 30, Issue 4,  pp. 574-595.


Marcus Bansah is an Assistant Professor of Economics at St. Olaf College. Prior to joining St. Olaf, he was appointed as Belmont University Fellow in Economics at the Jack C. Massey College of Business. Prof. Bansah earned his Ph.D. in Economics from University of Tennessee, Knoxville. He received his B.A in Economics with first class honors (Summa cum laude), and M.Phil in Economics from the University of Ghana, Legon.  After receiving his masters in 2010, he spent three years working as a teaching/research assistant at the Department of Economics, and as a Principal Research Assistant at the Institute of Statistical, Social and Economic Research (ISSER), University of Ghana. While at ISSER, he co-instructed Quantitative Methods at the MBA level at Wisconsin International University College and Ghana Institute of Management and Public Administration (GIMPA). Prof. Bansah also served as a Faculty Intern at Ashesi University, where he was a co-instructor of International Trade and Policy. In 2014, he joined the PhD economics program at the University of Tennessee, Knoxville. As a graduate teaching associate, he taught six intermediate undergraduate classes in Macroeconomics, Development Economics, and Monetary Economics. He also served as graduate research assistant at Boyd Center for Business and Economic Research. His research focuses on analyzing policy-relevant development and trade issues at the macro level, particularly in small open economies.  Prof. Bansah has published in The Journal of International Trade and Economic Development and Managerial and Decision Economics and has presented his research at several conferences including the annual meetings of the Southern Economic Association. He has spoken to many media outlets on contemporary macroeconomics issues in the U.S. Prof. Bansah is a member of Amazing Church International.