Roanomics, Vol 1, Issue 1

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

[email protected].

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

mailto:[email protected]

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-

[email protected] 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 [email protected].

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

[email protected]

Melissa Zamarin „08 is a Treas-

Roanomics

Samantha Sterba „09

Miro Batka „07

Dreama Poore

Tyler Rinko „11

http://www.ifpri.org/

http://roanoke.edu/News_and_Events/Campus_News/Tyler_Rinko_Economics_paper.htm

http://roanoke.edu/News_and_Events/Campus_News/Tyler_Rinko_Economics_paper.htm

http://www.ncur.org

http://www.ncur.org

http://www.vaecon.org



http://www.brooksrunning.com

http://www.hammernutrition.com

http://www.hammernutrition.com

http://www.gonoke.org

http://www.gonoke.org



http://kassensroanokeecon.blogspot.com/






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)

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


Macroeconomics

Block 2 Fleming

FALL 2011


Microeconomics

Block 1 Staff

Block 2 Staff

Block 4 Staff

Block 9 Staff


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

http://www.roanoke.edu/academics/courselist.cfm

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

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.

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-

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

http://www.heldrich.rutgers.edu

http://www.heldrich.rutgers.edu

http://www.heldrich.rutgers.edu/about-center/staff/william-m-rodgers-iii-phd

http://www.heldrich.rutgers.edu/about-center/staff/william-m-rodgers-iii-phd

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

[email protected]

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

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

[email protected]

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-

[email protected].

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

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

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

([email protected])

For comments or suggestions about the newsletter email

[email protected]

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: [email protected]

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



http://kassensroanokeecon.blogspot.com


Roanomics, Vol 1, Issue 1

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