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Economics Department Curriculum Faculty & Staff After Mac Student Activities Endowed Programs Web Resources
 Above: Congratulations to Zack Devlin-Foltz `08, awarded the Thomas J. Watson Fellowship this year.
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· Congratulations to Zack Devlin-Foltz `08, awarded the Thomas J. Watson Fellowship this year. Zach will be examining the social meaning of sports. "In the U.S., I have found that sports teach toughness, personal responsibility, and selflessness and help promote racial integration. By learning the language of soccer in Paraguay and Argentina and the language of baseball in Venezuela and Puerto Rico, I hope to discover what sports do for other societies." .Welcome Amy Damon, recently hired by the Economics Department. Amy received her PhD in Applied Economics at the University of Minnesota summer 2008. Her research interests include investigating the impacts of international migration from Central America to the United States and the impact that this migration process has on families living in Central America. She will teach principles of economics and the economics of global food problems. .Welcome Joyce Minor `88. Joyce will be working in the Economics Department teaching a course this fall, Introduction to Investment Banking and a course in spring 09, Introduction to Securites Analysis. She graduated from Macalester in 1988 and worked at Piper Jaffray until 1990 and earned her M.B.A. from Harvard Business School in 1993. She has worked at several other companies including her last experience at Lehman Brothers in New York as a Senior Vice President, Equity Research. · Professor Pete Ferderer was promoted to the rank of Professor. · Congratulations to the Minnesota Economics Association 2007 Undergraduate Student Paper Contest Winners. First Place in the Senior Thesis contest, Brendan Pierpont, `07 "Democracy, Property Rights and FDI in Developing Countries: A Regional Analysis", Advisor: Gary Krueger. Also Pawan Dhir `07 won Third Place in the Term Paper contest, "The Impact of Stock Market Liberalization on Emerging Equity Market Volatility: A Simulation Approach,", Advisor: Gary Krueger. The MEA Conference will be held at Macalester College in October and winners will then receive their awards. · Katie Lim `08 and Zack Devlin-Foltz `08 attended the International Atlantic Economic Society Conference in Savannah, Georgia. They presented their paper, “Motivations for Non-Rational Punishment in Public Goods Settings: An Experimental Analysis” and won first prize in the Undergraduate Student Paper Contest. This paper was written in Professor Pete Ferderer's Behavioral Economic class. Zack and Katie’s paper was chosen as one of four finalists out of 40 submitted papers. Their paper will be published in the Atlantic Economic Journal. · The Macalester College Economics Department has recently been ranked seventh among top liberal arts colleges based on the research produced by its faculty! To see the rankings report, compiled under the direction of Claremont McKenna economics professor Marc Weidenmier, visit the CMC website at http://econ.claremontmckenna.edu/rankings.pdf. · Course descriptions and course schedules for the 2008-09 academic year are now updated online. Click here. · Something new added to Macalester College Economics web page. Digital Commons offers some of the best award winning economics papers and honors thesis for you to read. · Three Macalester alums presented papers at the prestigious and highly selective Summer Workshop on Public Policy and the Environment at the National Bureau of Economic Research (NBER) Summer Institute in Cambridge, MA. Mushfiq Mobarak `97, who will be a faculty member in the Yale School of Business beginning Fall 2007, presented a paper on the effects of government decentralization on water quality in Brazilian rivers. Jim Sallee `01, who is seeking his Ph.D. at University of Michigan, presented a paper on the effect of tax credits on purchases of hybrid electric vehicles. Soren Anderson `01, also seeking his Ph.D. at University of Michigan, presented work on how demand for ethanol responds to changes in gasoline price. Professor Sarah West `91 , who is a member of the NBER's Working Group in Environmental Economics, was excited to have these alums join her at the Workshop and proudly notes that Macalester is alma mater for more participants than is any other liberal arts college. · Professor Liang Ding's paper, "Market Structure and Dealers: Quoting Behavior In the Foreign Exchange Market" has been accepted for publication at Journal of International Financial Markets, Institutions & Money. This paper was extended from one chapter of his dissertation and got accepted in his first year of being a Macalester Faculty. · Professor Sarah West co-edited the book Environmental Issues in Latin America and the Caribbean, a non-technical interdisciplinary collection of 12 essays, each of which uses natural or social science methods. This book serves as a reader for undergraduates or master’s students in interdisciplinary courses, a rich source of case studies for courses within one discipline, and an example of cutting-edge analyses for the educated reader interested in environmental issues in general or specific to the region. · Professor Sarah West's paper with Soren Anderson '01, "Open Space, Residential Property Values, and Spatial Context," has been accepted for publication at Regional Science and Urban Economics. Soren began working on this topic for Professor Gary Krueger's Econometrics class, expanded it into an honors thesis that Professor West supervised, and then made other significant improvements on the way to publication. Professor West quotes "It was a true joy for me to chaperone Soren through the publication process. He's a tremendously good researcher and writer." · Professor Vasant Sukhatme's paper, co-authored with David Abler ’82, “The ‘Efficient but Poor’ Hypothesis” is forthcoming in the Fall 2006 issue of the journal Review of Agricultural Economics. An earlier version of the paper had been presented in Boston in early 2006 at an invited paper session at the Allied Social Science Associations annual meeting. The American Agricultural Economics Association sponsored the session in Boston in memory of Theodore W. Schultz. David Abler ’82 is a professor in the Department of Agricultural Economics and Rural Sociology at Pennsylvania State University. T. W. Schultz, Nobel laureate and long time professor of economics at the University of Chicago, had served on the dissertation committees of both Sukhatme and Abler. Vasant Sukhatme’s paper, jointly with Keith Gilsdorf of Augsburg College, entitled “Tournament Incentives and Match Outcomes in Women’s Professional Tennis” has been accepted for publication in the journal Applied Economics. · Professor Sarah West is currently working on a project funded by the Robert Wood Johnson Foundation and the National Institutes of Health that estimates the optimal tax on alcohol, another project that examines the optimal tax on cigarettes, and on a paper that explores the determinants of Americans' love for sport utility vehicles. · The Department is pleased to welcome back the following faculty in the coming academic year. Lisa Giddings will be returning in Spring 2009 again teaching two courses TBD. She is an Associate Professor at University of Wisconsin, La Crosse and received her Ph.D. at the American University, Washington DC. Paul J. Aslanian, former faculty member and College Treasurer of Macalester College, will once again be teaching in the Economics Department in Spring 2009. He will teach one section of Priciples of Economics and Economics of Not-for-profit. Paul is the recently retired Vice President for Finance and Planning at Swarthmore College. In May, the Macalester Chapter of Omicron Delta Epsilon, the Economics Honors Society, with the Bureau of Economic Studies, published the ninetenth volume of the Macalester Journal of Economics. This is a student edited journal reporting the results of research undertaken by students in the 2007-2008 academic year. 2008's editors included Kaitlyn Orr '08 and Subechya Shrestha '08.
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