Post on 29-Mar-2015
description
ticipated in
teaching in
the honors
program.
As you can
tell, it‟s
been a
very busy
five years!
We would love for you to
visit our blog and webpage.
Please don‟t be a stranger.
We look forward to hearing
from you and seeing you
whenever you‟re in Salem.
Finally, from the econo-
mist‟s joke book: Question
-how many neo-classical
economists does it take to
screw in a light bulb? An-
swer-it depends on the
wage rate.
Greetings from West Hall
to all Roanoke College past
and present economics stu-
dents! We are excited
about this new venture-our
very own newsletter. The
economists have been dis-
cussing the best ways to
reach out to our current
students and alumni and let
them know about the hap-
penings in the economics
program, and thought that a
newsletter would be the
best choice. So here it is-
our first edition!
First, let me thank Dr. Allie
Kassens and her student
editor, Megan Rhodes, for
all of their hard work in
making this happen. With-
out them, this project would
have not gotten off the
ground.
The last five years have
brought a four-fold increase
in the number of economics
majors at Roanoke College.
In 2007 we created a minor
in economics which has
also shown rising populari-
ty, especially among busi-
ness majors. The Fed Chal-
lenge has been revived-
thanks to the efforts of Pro-
fessor Michelle Alexander.
We have sent students to
present their research at
professional meetings. We
have a new endowed schol-
arship, named in memory of
Dr. Darryl Lowry, which
goes to an outstanding ris-
ing senior economics ma-
jor. We have developed
new courses and have par-
From the Director‟s Desk
Reaching out While going through the
assessment process for the
ECON major, we discov-
ered that our program does
very little outreach to cur-
rent and prospective stu-
dents, faculty, or alumni.
We want to change that,
and this newsletter is one
step in that direction.
Roanomics will be pub-
lished twice a year (March
and November), in the
weeks leading up to course
registration. This issue is
the inaugural issue.
If you would like to see a
particular topic addressed in
the newsletter, please send
us an email at
roanokeecon@gmail.com.
We might even publish
your remarks!
We look forward to hearing
from you!
Roanoke College Economics Program
Winter & Spring 2010-2011
Volume 1, Issue 1
Roanomics
Advising tips:
The Economics Pro-
gram offers a major and
a minor
If you major in BUAD,
there are only five addi-
tional courses left to
complete the minor in ECON (one of which
can count as the BUAD
elective)
Several of the ECON
200-level courses serve as electives in BUAD
concentrations
ECON 121 can substi-
tute for an INQ 260
Inside this issue:
News and notes 2
Editor‟s note 3
May, Summer, and
Fall courses 3
Fed Challenge 4
Faculty focus 6
Speed interviews 7
Favorite flem-
ingisms 7
Alumni 8
Accomplishments 9
Travels with Dr. Bob 10
Garry Fleming,
Shannon Chair of
Economics
Danielle (Shiley) McClosky„10
married Michael McCloskey
„10 this past January. Congrats!
Danielle also started her first
year in a masters program for
health policy at Boston Univer-
sity.
Samantha Sterba „09 started
her first year in the UMass-
Amherst PhD program in eco-
nomics this past fall semester.
Miro Batka „07 earned an MA
in economics (Johns Hopkins
University) and works for
IFPRI as a Senior Research
Assistant.
S.J. Brussard „09 started work
as a sales trading assistant at
Hudson Securities in Boston.
He reports that Andrew
Streaman „09 is an insurance
broker at Northwest Mutual.
Andres Menacho „10 just start-
ed a job at the Inter-American
Development Bank in Bolivia
Tyler Rinko „11 was accepted
to present his paper on the Eu-
ropean Debt Crisis at the 2011
NCUR Conference at Ithaca
College.
Nomin Baasandavaa „11 and
Gio Forte „11 were accepted to
present their papers at the Vir-
ginia Association of Econo-
mists 38th Annual Meeting in
March.
Elizabeth Hoover „08 was ac-
cepted to a pre-med program at
the University of Virginia. She
will begin classes in June 2011.
Dreama Poore has been cancer
free for over a year! We are so
very happy and grateful for that.
Dr. Alice Louise Kassens spon-
sorship with Brooks through the
ID PACE Team was renewed
and she earned a new Tier I
sponsorship with Hammer Nutri-
tion. Run happy!
Dr. Chris McCart became the
BUAD/ECON Department Chair
beginning in the fall of 2010.
Dr. Garry Fleming was named
the Director of Economics at RC
Justin Tuma „11 was selected as
a D-III Men‟s Lacrosse First
Team Preseason All-American.
Justin is truly a scholar-athlete
and we are very proud of him.
Please let us know what is new
with you at roanokee-
con@gmail.com or fill out our
form at kassensroanokee-
con.blogspot.com
News and notes
Where are our alumni now? ury Management Relationship
Manager at US Bank in Park
City, Utah
Brode McCrady „07 is a Pre-
mium Services Brokerage Rep-
resentative with Fidelity Invest-
ments in Cincinnati, OH
Stephanie Wright „95 is the
Deputy Staff Director, DLA
Finance - IT and Investment
Operations for Defense Logis-
tics Agency in Fort Belvoir, VA
Vic Thacker „67 is the Vice
President - Protection Systems
for Orr Safety Corp in Louis-
ville, KY
Maria Schuler „01 is a Busi-
ness Analyst with Markel Cor-
poration in Richmond, VA
David Slusher „74 is em-
ployed by the U.S. military
Charles Julg „76 is an Area
Supervisor for ATK in Rad-
ford, VA
Fill out the alumni survey at
kassensroanokee-
con.blogspot.com
Have career advice or contacts
for our current Economics
students? Please send an email
to roanokeecon@gmail.com.
Many current students have asked
both “What can I do with a degree
in Economics?” and “What are
RC Economics alumni doing
now?” To that end, we will list a
few of the current jobs of our
alumni in each issue of Roanom-
ics to help address both of these
questions.
S.J. Brussard „09 works as a
sales trading assistant at Hudson
Securities in Boston. The compa-
ny covers airlines and industrial
names. Feel free to contact S.J.
with career questions at
sjbrussardjr@gmail.com
Melissa Zamarin „08 is a Treas-
Page 2 Roanomics
Samantha Sterba „09
Miro Batka „07
Dreama Poore
Tyler Rinko „11
It is my privilege to welcome
the Roanoke College eco-
nomics community to the
first issue of Roanomics. Working with Dr. Alice Kas-
sens on this first issue has
been a tremendous opportuni-
ty.
This newsletter will provide
past and present students the
chance to receive current
news on the Roanoke Eco-
nomics department.
Just a few months short of
graduating myself, I am al-
ready looking forward to
being able to stay up-to-date
with the happenings of my
alma mater and the econom-ics department here at Roa-
noke.
My hope is that this newslet-
ter will serve two main func-
tions: capture what the eco-
nomics professors and stu-
dents are currently doing and
also highlight the achieve-
ments of department gradu-
ates.
The economics department
has provided me with terrific
opportunities, from partici-
pating in the Federal Reserve
challenge to submitting an academic paper to a competi-
tion.
Lastly I look forward to
learning about all of the ac-
complishments of the teach-
ers who have had such an
impact on my education: Dr.
Kassens, Dr. Nik-Khah and
last but surely not least Dr.
Fleming! Happy reading!
-Megan Rhodes „11
Editor‟s note
Attention:
Course offerings
and professors
will be different
next year
because of two
sabbatical
leaves (Nik-
Khah &
Kassens) and
one permanent
departure
(Berger)
Page 3 Volume 1, Issue 1
May, Summer, & Fall 2011 courses MAY 2011 ECON 277 Experimental Eco-
nomics Nik-Khah (Campus)
INQ 177 Greener Life in Ger-
many Berger (Travel)
SUMMER 2011 SUMMER SESSION I
ECON 121 Principles of
Microeconomics
Block 1 Kassens
SUMMER SESSION II
ECON 122 Principles of
Macroeconomics
Block 2 Fleming
FALL 2011
ECON 121 Principles of
Microeconomics
Block 1 Staff
Block 2 Staff
Block 4 Staff
Block 9 Staff
ECON 122 Principles of
Macroeconomics
Block 1 Kassens
Block 11 Staff
Block 12 Staff
ECON 227 Health Economics
Block 4 Kassens
ECON 232 Money and Banking
Block 7A Staff
ECON 252 Fed Challenge
E1 Alexander
ECON 267 Labor Economics
Block 2 Kassens
ECON 321 Intermediate
Microeconomics
Block 10 Fleming
ECON 448 Econometrics
Block 5 Kassens
Megan Rhodes „11,
Student Editor,
Roanomics
I‟m a community banker by day and adjunct college professor
by night. Since 2006, I have
balanced my passions in these
two professions. Call me a geek, but my early banking
career was spent revering how
Alan Greenspan steered a pro-
longed economic expansion and
chaired the Federal Open Mar-ket Committee. I found humor
in his perplexing “Greenspeak”
and like the media, judged the
size of his briefcase to predict his next monetary policy move.
Greenspan had a business back-
ground while his successor,
Ben Bernanke, heralds a re-spected academia approach to
his reign. I like to pretend that I
emulate a blend of both chair-
men, Greenspan‟s business sense and Bernanke‟ academic
world, into my community
bank and liberal arts alma ma-
ter. And, nothing has allowed me to blend these two passions
and two worlds more than the
College Fed Challenge.
The Fed Challenge is an aca-
demic competition, regionally
sponsored by the Federal Re-
serve Bank of Richmond, and is designed to expand the under-
standing of the Federal Reserve
System's unique role in the
economy and the importance of monetary policy conducted by
the Federal Open Market Com-
mittee. Encouraging a better
understanding of the nation‟s central bank, the forces influ-
encing economic conditions in
the United States and abroad,
and the ways the economy af-fects consumers‟ lives, the
competition is framed to assist
in the development of students'
research, group dynamics,
presentation, and critical think-
ing skills.
I just completed my fourth year coaching Roanoke Col-
lege‟s Fed Challenge team.
Each year I have been blessed
with bright students who con-duct significant economic
research and project future
actions of the FOMC. Our
team competes against col-
leges and universities throughout the Common-
wealth of Virginia, by deliv-
ering an oral presentation to a
panel of Federal Reserve economists who judge our
content, teamwork, and abil-
ity to provide impromptu
responses to unknown ques-tions. Just as each team‟s
composition and personality
changes each year, so has the
economic environment. Dur-ing the four years, we lived
through inflation fears, defla-
tion fears, odds of a double
dip recession, quantitative easing, a Eurozone crisis,
unemployment, a housing
market boom, bubble, and
burst, a financial crisis on
Wall Street, and criticism of
our beloved Fed‟s dual man-
date.
My own Money and Banking professor at Roanoke Col-
lege, Dr. Robert Stauffer,
comes out of retirement to
assist our team in preparing for competition each year.
This is one example of how
the Roanoke College commu-
nity has been very supportive
of our team‟s experimental learning project. This
firsthand learning experience
provides students a practical
application of their research
and textbook learning.
I aspire for the pinnacle of bringing both of my careers
together with a trip inside the
Board of Governors building
in Washington, D.C. while coaching a Roanoke College
team at the national level. In
that moment, I am sure Alan
Greenspan would acknowledge that my exuber-
ance would be rational!
Federal Reserve Challenge: Michelle Alexander „93
“The
competition
is framed to
assist in the
development
of students'
research,
group
dynamics,
presentation,
and critical
thinking
skills”
-Michelle
Alexander
„93
Page 4 Roanomics
The 2010 RC Team: (back, left to right) Randall Bennett, Tyler Rinko, Will
Lavenberg, Gregg Cooper, Phillip Sheridan; (front, left to right) Megan
Rhodes, Michelle Alexander (faculty supervisor)
PAST RC FEDER-
AL RESERVE
CHALLENGE
TEAMS
2009
Danielle Shiley, Kevin
Gallagher, Randall
Bennett, Matt
Delaney, Jay
Laramore
2008
Andrew Streaman,
Stephanie Melnik,
Samantha Sterba,
Cedric Porst, Matt
Jones
2007
Virginia Hopkins,
Matt Jones, Daniel
Logan, Andew De-
Coster, Andy Gleason
Federal Reserve Challenge: Tyler Rinko „11 When we arrived in Richmond,
we were all stunned by the hotel
Roanoke College hooked us up
with. After hanging out in the
concierge lounge, drinking and
eating all the free goodies, we
got ready for our fancy dinner
at the Tobacco Company, also
provided by the college. In the
middle of Ms. Alexander‟s pho-
to rampage, we all picked what
we wanted to eat. I must add in
that before we ordered, Ms.
Alexander explicitly said for no
one order the twin lobster tails,
since they were the most expen-
sive item on the menu. We all
go around giving our orders to
our waitress, with pretty much
everyone ordering steak. Then
the waitress gets to Phillip.
Phillip pauses for a second
while looking at his menu,
looks up and says, “I‟ll get the
twin lobster tails.” The rest of
us look around at each other
thinking he must be joking.
Once the waitress walks away we
all start laughing, while Phillip
has no idea what‟s going on. After
we explain why we‟re laughing he
finally apologizes and offers to
change his order, but Ms. Alexan-
der said that it was alright. While
we‟re waiting for our food and
having small talk, Phillip leaves to
go to the bathroom, or so we
think. A few minutes before our
food comes out, we find out that
he left to tell the waitress to bring
him only one lobster tail, which
left him wanting more after he
finished his meal.
Once dinner ended, Ms. Alexan-
der‟s photo rampage picked up as
we headed back to the hotel for a
quick practice presentation. The
next morning we all ate breakfast,
ran through our presentation one
last time, and boarded the van to
the Fed. Luckily, no one forgot
anything and we were ready to
roll. After our flawless presenta-
tion, we toured the Federal Re-
serve and we were even provided
lunch. At lunch we had figured we
did pretty well on the competition
since one of the schools tried to
sabotage us by putting pieces of
glass in our meal. Fortunately for
us, we go to Roanoke so you
know we‟re tough. The results
were finally announced and to our
dismay, we did not place to go
onto the next round. The team was
pretty disappointed, but we all
appreciated the opportunity we
were given. To any members of
next year‟s team reading this,
good luck and have fun. And
don‟t miss any meetings.
This year I was selected to be
on Roanoke‟s [Fed Challenge]
team which included Megan
Rhodes, Phillip Sheridan, Greg
Cooper, Will Lavenberg and
Randall Bennett. Throughout
the summer and the beginning
of this semester we did a lot of
research. My topic was Inter-
national Aspects and The Dol-
lar. After a few months of
gathering research and practic-
ing our presentations, we had a
rehearsal presentation with RC
professors. After all the
“positive” feedback, we knew
we needed to tighten up last
minute screws. On Monday,
November 8, the day before
the competition, we all met
behind the library to pack up
our van. Luckily, Randall had
made it on time and there were
no concerns about missing
team members. We eventually
hit the road for our three hour
journey to Richmond.
Page 5 Volume 1, Issue 1
Getting ready for the presentation: (from left to right) Will Lavenberg, Megan
Rhodes, Philip Sheridan, Greg Cooper, Randall Bennett, and Tyler Rinko
“The team
was pretty
disappointed,
but we all
appreciated
the
opportunity
we were
given.”
-Tyler Rinko
„11
2010 TEAM Will Lavenberg
Megan Rhodes
Phillip Sheridan
Greg Cooper
Randall Bennett
Tyler Rinko
Richmond Federal
Reserve Building
It has been quite a year! For
those of you who don't know
me, I began working at Roa-
noke College in the fall of 2005
and earned tenure and promo-
tion to Associate Professor for
AY 2010-2011.
I earned my B.A. in history and
economics from the College of
William and Mary and my
Ph.D. in economics from North
Carolina State University. My
fields of specialty are labor and
health economics.
This past year, I presented one
of my current projects at a vari-
ety of venues, had a teaching
supplement published, and was
a Visiting Scholar in Residence
at the Heldrich Center for
Workforce Development at
Rutgers University July-
August, 2010.
I presented a paper that I am co-
authoring with Dr. William M.
Rodgers III (Rutgers Universi-
ty) at the 2010 American Socie-
ty of Health Economists
(ASHE) at Cornell University
in June. This was a fabulous
experience as I got some great
feedback from some of the best
health economists in the coun-
try. One of the exciting parts
was eating dinner and watching
golf one evening next to Allen
Goodman. It was great to talk
to such a respected economist
about something other than eco-
nomics. Sports bring the world
together!
In July I travelled with two of
my dogs (Millie and Lily) to
New Jersey for my Visiting
Scholar in Residence position at
the Heldrich Center. This was
my first experience going some-
where to focus solely on re-
search. I worked with Bill Rodg-
ers on our project regarding the
effects of clinical depression on
labor market outcomes. Bill has
been my mentor since he was my
professor and advisor at William
and Mary and it is so wonderful
to now call him a colleague. I
will be returning to the Center
during the summer of 2011 and
during my sabbatical in the
spring of 2012.
Finally, my updates for the Pow-
erPoint slides for the new edition
of Macroeconomics by Dorn-
busch, Fischer, and Startz have
been released. This is one of the
most widely used intermediate
texts. I updated my original
slides from the 10th edition for
this year‟s 11th edition.
Faculty Update: Dr. Alice Louise Kassens
Faculty Update: Dr. Edward Nik-Khah tual property rights to the roll-back of regulation, and that one
can find traces of this role not
only in articles and textbooks,
but in unpublished manuscripts
and even old letters.
I‟m using my digital camera to capture images of old letters,
which gets me thinking of the
ways that the information econ-
omy might influence my own
field. The internet offers the possibility of digitization,
which, if delivered upon, means
I could do my work from the
Roanoke Valley. On the other hand, nobody writes letters any-
more, so it‟s easy to wonder
whether the digital archives of
the future will be empty. Will
Dr. Edward Nik-Khah traveled
to the University of Rochester
during the summer of 2010 to
work in the archives on one of
his projects. He shares some of
this thoughts during that trip.
A dispatch from the archives
(June 23, 2010)…
I‟m in Rush Rhees Library,
University of Rochester, on a visit to do some research on the
economics of regulation. I‟m
here because I‟m convinced that
the ideas of economists have played an important role in cre-
ating today‟s “information
economy,” in areas ranging
from the expansion of intellec-
Page 6 Roanomics
Dr. Alice Louise Kassens,
Associate Professor of
Economics
Dr. Edward Nik-khah,
Associate Profes-
sor of Economics
the information economy make me better at what I do, or less
useful? I suppose lots of people
have asked themselves this ques-
tion. Like them I shrug it off and
get back to work…
Image uploaded from Internet, public
domain.
Rush Rhees Library
mand curve: It‟s flat! All right,
an elastic demand curve is flat,
like a pizza.
On the Fed ignoring inflation
and continuing with quantitative
easing: They don't want to admit
it, but its coming. Everyone
knows it is. Inflation is kind of
like the rhinoceros in the room.
Is that right? Rhinoceros? Yeah,
I think that‟s right.
Do you have a favorite Flem-
ingism? If so, send it to us at
roanokeecon@gmail.com
What is your favorite topic cov-
ered in your ECON class(es)?
“Labor force and unemploy-
ment”
“Perfect and imperfect competi-
tion”
“Supply and demand”
“Public policy”
“Game theory”
If you could offer advice to gov-
ernment officials, what would it
be?
“Use your money wisely.”
“Do not forget principles of
economics”
“No universal health care.”
“None….Good advice is proba-
bly bad politics.”
“Stop fighting against each oth-
er and start working together.”
If you could have any job in the
world, what would it be?
“I would own a professional
sports team.”
“Anything where I know I‟ve
made someone happy.”
“CEO of Vogue.”
“Astronaut.”
“Econometrician.”
“I‟m not sure.”
What is your favorite thing
about Roanoke College?
“Feel accomplished in my clas-
ses.”
“Go to lacrosse games.”
“Hang out with friends.”
“Small classes.”
If the ECON Program had a
mascot, what would it be? Why?
“I have no idea.”
“A delta. Change is inevitable
and needed.”
“Don the Dollar because he sup-
ports our economy.”
“Twin lobster tails; not for any
particular reason.”
“Lady Gaga…she not only ex-
udes pure confusion, she con-
stantly has her legitimacy ques-
tioned, two important qualities of
economics.”
Speed interviews
Page 7 Roanomics
Description of fiscal stimulus
during a recession: Its like
drinking a cup of coffee every
time you drink a beer. All night
long.
Analogizing short run and long
run goals to literal short and
long runs on a treadmill: You
see, I can run on a treadmill at 5
miles per hour for nearly an
hour! But! If I turn it up to, say,
11 miles per hour... I WILL
DIE! I can only run at that
speed for a few moments before
my heart explodes and I DIE!
So that‟s what the short run is
like.
On bonds: Bonds are just like
horse races. The horse is the
bond and the yield curve, well,
the yield curve is just the proba-
bility of that horse winning.
Junk bonds, well those are one
step away from the glue factory.
On the shape of an elastic de-
Favorite flemingisms You know you
are a legend if
students keep
several pages at
the end of their
notebook dedi-
cated to your
daily gems. As
an alum said
“Fleming‟s bril-
liance was al-
ways in his abil-
ity to analogize
economic con-
cepts to things
that were at once
both bizarre, and
startlingly clari-
fying.” We cat-
alog his best for
your clarity.
Students in sev-
eral ECON clas-
ses during the
fall semester
were invited to
participate in
Speed Inter-
views: a quick
questionnaire on
a variety of top-
ics. Several
students an-
swered these
questions, and
some of the no-
table and inter-
esting responses
are listed here.
Anonymity was
maintained.
Fellow Economists, hello
from Boston!
I'm finishing up my first se-
mester of graduate school and
am thankful for the Roanoke
College education. It certain-
ly has shaped my experiences
in graduate school, and econ-
ometrics even got me placed
out of a biostatistics require-
ment for my concentration!
The skills I learned as an eco-
nomics major were so valua-
ble during this semester as I
analyzed data and had fre-
quent class discussions about
health outcomes and commu-
nity events clearly affected
by our nation's economic
status.
You're truly embarking on an
education unlike any other,
and despite its difficulty at
times, the practices you're
learning will help you suc-
ceed in the long run (and the
short!) I would not have got-
ten through some of the diffi-
cult course material in public
health school if it weren't for
the things I learned as an eco-
nomics major.
Graduate school is tough,
both mentally and emotional-
ly. It was difficult transition-
ing to a large university
where advisors and profes-
sors aren't as available.
The best piece of advice I can
give is to stay ahead of the
game, go to TA study ses-
sions when you can, and form
a study group.
I was thankful I went to ori-
entation because I found fa-
miliar faces in my clas-
ses. Knowing people has led
to study groups and help
when there are gaps in my
understanding. It's challeng-
ing, but a great and worth-
while experience!
Danielle is getting her Mas-
ters Degree in Public Health
(MPH) with a concentration
in Women/Child Health from
Boston University in Boston
Massachusetts
Contact Danielle at
abbydls@yahoo.com
Alumni comment: Danielle McCloskey „10
Alumni Weekend 2 p.m. featuring economics
majors and minors.
Make sure to cheer for:
#3 Nate Katkov
#19 Justin Tuma
#24 Jimmy McNeely
#27 Kyle Hagens
Don‟t be shy! Drop by our
offices on Friday or the re-
ception on Saturday to say
hello. We would love to hear
what you have been up to.
Our offices are:
Fleming: West 6
Nik-Khah: West 107
Kassens: West 234
Berger: West 236
Alumni weekend is scheduled
for April 15-17, 2011. If you
are going to be on campus
please drop us a line at roa-
nokeecon@gmail.com.
There should be a variety of
events Saturday including a
BUAD/ECON reception with
beverages on the Main Street
side of West Hall from 2-3
p.m., and a men‟s lacrosse
game vs. Hampden-Sydney at
“I would not have
gotten through
some of the
difficult course
material in
[graduate school]
if it weren't for
the things I
learned as an
economics major.”
-Danielle
McCloskey „10
Page 8 Roanomics
Danielle McCloskey „10
Danielle married Michael McCloskey „10 in January 2011.
Economics Minor Justin Tuma „11
82% of the Class of
2010 said that they
were satisfied or
very satisfied with
their Roanoke Col-
lege economics edu-
cation; no one was
dissatisfied.
Currently we have 26
declared economics
majors and 12 declared
economics minors.
Alice Louise Kassens
PowerPoint presentations to
accompany Rudiger Dorn-
busch, Stanley Fischer, and
Richard Startz. (2011). Mac-
roeconomics, 11e. New York:
McGraw-Hill/Irwin.
Edward Nik-Khah
“George J. Stigler,” pp. 337-
341 in The Elgar Companion
to the Chicago School of
Economics, Ross Emmett, ed.
Cheltenham, UK: Elgar.
2010.
as an Imperative of Chicago
Neoliberalism
Alice Louise Kassens
The Effect of Clinical De-
pression on Labor Market
Outcomes (with William M.
Rodgers, III)
Edward Nik-Khah
Getting Hooked on Drugs:
The Chicago School, the
Pharmaceutical Project, and
the Construction of Medical
Neoliberalism
Inland Empire: Imperialism
What does not kill me makes
me thinner? Under review,
January 2011
Sebastian Berger
The Discourse on Social
Costs: Kapp‟s Impossibility
Thesis vs. Neoliberalism
Publications
Working Papers
Presentations Alice Louise Kassens
American Society for Health
Economists Annual Meeting,
Ithaca, NY, June 2010
Garry Fleming
Hawaii International Confer-
ence on Business, June 2010
Edward Nik-Khah
ASSA, Denver, January 2011
Rotterdam, December 2010
Economics
Fall 2010
Honors:
Athletic Honor
Roll - 4
Dean‟s List - 10
Page 9 Volume 1, Issue 1
Sara Caudle „12 Athletic Honor Roll
Softball
Fall 2010 Academic Honors
Athletics Honor Roll
Sara Caudle - Softball
Kyle Hagens - Lacrosse
Jimmy McNeely - Lacrosse
Justin Tuma - Lacrosse
Dean‟s List
James Bradshaw
Dustin DeMaria
Jillian Foerster
Kyle Hagens
Marko Krkeljas
Wai Paing
Tyler Rinko
Mahmoud Thaher
Katie Thornton
Nic Wright
Kyle Hagens „13 Academic Honor Roll
Lacrosse
“...Because we view economics as solidly within the liberal arts, we are
committed to examining the relationship between economics and other are-
as of knowledge. Students will therefore find it to be an excellent comple-
ment to many other majors, including, but not limited to public policy, soci-
ology, history, environmental policy, mathematics, biology, and business
administration, as well as concentrations such as gender studies and peace
and justice studies.”
For information about the Economics Program contact Dr. Garry Fleming
(fleming@roanoke.edu)
For comments or suggestions about the newsletter email
roanokeecon@gmail.com
Read our blog: kassensroanokeecon.blogspot.com
Faculty Editor: Dr. Alice Louise Kassens
Student Editor: Megan Rhodes „11
221 College Lane
Salem, VA 24153
Phone: 540-375-2426
Fax: 540-375-2577
E-mail: roanokeecon@gmail.com
Economics Program
from RC go to the Richmond
Federal Reserve and make a
presentation on monetary
policy. It's a great educa-tional experience!
Perhaps the best part of re-
tirement is the ability to trav-
el in the off-season. This
past September/ October we
went to Moab, Utah—a laid-
back town on the Colorado
River that is adjacent to two
National Parks: Canonlands
and Arches. We also visited some ski resorts in Colorado
(Vail, Telluride, and Crested
Butte): not to ski, but to take
advantage of the great scen-
ery, fine restaurants and gen-
erous discounts (but not the
medical marijuana).
Although I retired in 2008, I
still show up on campus
from time to time.
In late August at the Depart-
ment's opening party, I pre-
sented a resolution in appre-
ciation of Dr. Lynch's 18
years service as Chair (Dr.
McCart is the new Chair). I
was just joking when, in
describing Lynch's masterful
use of the travel budget, the
words "pillage and plunder"
somehow slipped out. I apologize if anyone was
offended.
During the fall semester I
helped Michelle Alexander
with the Fed Challenge. This
is an intercollegiate competi-
tion where six Econ majors
How's that 2% cut in payroll
taxes working for you this
year?? Of course, you know
from the "permanent income hypothesis" that it would be
irrational to run out and
spend it all on consumption.
So here's an alternative: why
not make a donation to the
Lowry Scholarship Fund? It
will help out a rising senior
Econ major at RC while
honoring the memory of Dr.
Lowry—one of the most
conscientious college profes-sors ever!
For donations to the Lowry Scholarship Fund, write a check to Roanoke College. On the bottom left indicate the Lowry Fund. Send to the Office of Resource Development, 19 Col-lege Lane, Salem, VA 24153
Travels with Dr. Bob
FOLLOW US ON TWITTER
@ ROANOKEECON
T ELL U S WH AT ‟ S N EW :
KA SSE N SRO ANO KE E CO N .BLO GSPO T . CO M
C HEC K O U T THE BU AD/
E CON FA C EBO O K PA GE
The Lowry Scholar-
ship Fund was started
after the death of Dr.
Darryl Lowry, an eco-
nomics professor at
Roanoke College.
The Scholarship goes
towards the tuition of
a senior economics
major.
Bob at Arches National Park,
Moab, UT