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Ceteris Paribus CETERIS PARIBUS Ceteris Paribus Department of Economics Newsletter October 2018 From the Chair by Nathan Cook Greetings! Since you last heard from us, there In 2018, after 40 years at Furman, Professor We’d love to hear more about the exciting have been several significant and exciting Dave Roe retired. In recent years, Professor work that you are doing, too! Hopefully we’ll changes in the Department of Economics. Roe taught Introduction to Economics, see you at Homecoming on October 20, but Statistics, and Law and Economics. An feel free to contact me anytime at Our academic program is stronger than ever. excellent academic advisor, Professor Roe [email protected] We graduated a record number of majors in was the recipient of the 1997-1998 Alester G. 2018: 38 majors in Economics and 13 majors in Furman Jr. and Janie Earle Furman Award for Mathematics-Economics. Our students’ Meritorious Advising. experiences inside and outside of the classroom have prepared them for excellent We’ve also been busy hiring some excellent Homecoming new faculty over the past several years. In employment and graduate school October 19-21 opportunities beyond Furman. In this 2017, we welcomed Dr. Kelsey Hample and newsletter, we describe some of the recent Dr. Jessie Wang to the department, and in Individual departments and organizations will research and internship opportunities our 2018 we welcomed Dr. M. Taha Kasim and Dr. host drop-in tents adjacent to the students have experienced, and some of the Jessica Sauve-Syed. Elsewhere in this Homecoming Tailgate. All of your favorite recent post-graduate placements of our newsletter, we’ll tell you more about our new students. We’re very proud of them. colleagues, but we’re excited to have them. people will be in one location! In the past several years, the Department of All of these exciting changes reflect some of Furman Mall (Rain location: Trone Center) Economics has also seen several changes in the enduring values of the Department of the makeup of our faculty. Economics: our faculty continue to be committed to excellent teaching, mentoring After 33 years at Furman, Professor Bruce and advising, and professional activity; our Brown retired in 2017. In recent years, students continue to thrive in the classroom Professor Brown taught Introduction to and in all sorts of internships and research Economics, Money and Banking, Health opportunities; and our alumni continue to Economics, and a very popular course in play an essential role in supporting all of these Personal Finance. He also served as the activities. In the rest of this newsletter, we faculty director for several recent Study Away highlight some of the exciting work being programs in Brussels and Edinburgh. done by our faculty, our students, and our alumni. CETERIS PARIBUS 2 in Corporations and the American Democracy Working Paper Series. During the last two (edited by Naomi R. Lamoreaux and William years, he has given lectures for the Tax Policy, J. Novak, Harvard University Press). She gave Fiscal Analysis and Revenue Forecasting a lecture on the impact of the new South course offered by International Center for Carolina EITC at the South Carolina Public Policy in Atlanta. Last year, Dr. Kasim Association for Community and Economic and Dr. Karen Allen (in Earth & Environmental Development “Opportunity SC 2017” Science Department) were the main speakers Conference in December 2017. Dr. Hennessey at a Cultural Life Program (CLP), which was is one of eight faculty members that piloted aimed at discussing the different approaches Furman University’s new “Pathways” advising adopted in environmental and ecological program for first and second year students. economics to solve environmental issues. Moreover, she led the Edinburgh Spring 2017 program and will lead the program again in Dr. Jessie Wang presented working papers at Faculty News Fall 2019. She also co-mentored, with Dr. the Society of Economics of the Households Nathan Cook, the Hollingsworth Meeting and ASSA/AEA Meetings in the Dr. Nathan Cook presented “The African Undergraduate Research Program team of CSWEP session. These papers study the effect Growth and Opportunity Act (AGOA) and Nino Kodua, MiaoMiao Xu, and Paul Yoon of elderly care on female labor supply and the Growth in Sub-Saharan Africa: A Local who studied how terrorism impact a country’s labor markets in an aging population. Dr. Projection Approach” at the Western ability to attract Foreign Direct Investment. Wang is also the co-investigator of the Economics Association International Greenville Health System (GHS) Health Conference in Vancouver, Canada, in June Dr. Jason Jones has continued to work with Sciences Center (HSC) Seed Grant. This 2018. He participated in two Alliance to Dr. Cook on the effects of the African Growth project examines the effectiveness of the Advance Liberal Arts Colleges (AALAC) and Opportunity Act (AGOA) on growth in delivery of cancer care, particularly for the workshops to enhance equity, diversity, and Sub-Sahara Africa. He presented their elderly. During her first year, Dr. Wang inclusion in economics departments at liberal ongoing work at the Conference for developed a new course, “Economics of arts colleges (in Chicago, IL in January 2017, Macroeconomists at Liberal Arts Colleges, Gender”, which discusses methods to and in Philadelphia, PA in January 2018). He held at Davidson College in August 2017. As a investigate gender and family related also served as an educator for the U.S. member of the organizing committee for this questions (household production, time- delegation to the APEC Voices of the Future conference, he is also involved with paper allocation, family as an economic institution, program in Da Nang, Vietnam in November selection and session organization for the etc.) under traditional economic frameworks. 2017. 2019 workshop. He also mentored Matthew Deininger and Samikshya Pandey to extend Dr. Kailash Khandke rejoined the department Dr. Kelsey Hample received the Robert E. their Hollingsworth Summer Scholar project in 2016 after serving as the Assistant Dean for Hughes Professorship in Economics. This is a “Crisis Length and Speed of IMF Response”. Study Away and International Education at three-year appointment, which recognizes Dr. Jones presented this paper at the Furman for seven years. Dr. Khandke the general record of teaching, scholarship, Southern Economic Association meeting and published an article “Economic Outlook: A and service at Furman University. During the it is currently under review at the Economics Tax Cut versus A Growth and Jobs Act” in year, Dr. Hample presented “Effects of Bulletin. Dr. Jones has served on a number of Greenville Business Magazine in April 2018. Improved Cookstove Use on Fuelwood committees for the University including the Demand” at Sustainable Energy Transitions Chair of the Academic Policies Committee, Initiative (SETI) at Duke University. SETI is an the Faculty Governance Review Committee, international and interdisciplinary the Faculty Athletics Committee, a faculty collaborative focused on energy in low- and observer on the Trustees Furman Investment middle- income countries. She also presented Committee, and is The Furman Advantage “Formal Insurance in Social Networks: Liaison for four academic departments. He is Laboratory Evidence from the US and Kenya” also a faculty fellow for the Cothran Center for at Liberal Arts Colleges Development Vocational Reflection. Dr. Jones accompanied Economics Conference (LAC-DEV) at students to the Voices of the Futures and Middlebury College. LAC-DEV is an annual APEC meeting in Lima, Peru and he conference which brings together faculty thoroughly enjoyed the experience. working in development economics at liberal arts colleges. For the 2019 academic year, she Dr. M. Taha Kasim published “Evaluating the will be developing a new course entitled effectiveness of an environmental “Behavioral Economics”, which studies how information disclosure policy: An application psychological, social, cognitive, and to New South Wales.” in Resource and Energy emotional factors affect decision making. The Economics. In November 2017, Dr. Kasim theoretical and empirical aspects of the presented “The Impact of WIC on Tobacco course are also employed in her recent and Alcohol Consumption” at the Southern research projects. Economic Conference. Currently, he is working on a project that establishes a novel Dr. Jessica Hennessey wrote a chapter link between gasoline consumption and “Corporations and Organizations in the prices. This project is part of the National United States after 1840,” with John J. Wallis Bureau of Economic Research (NBER) CETERIS PARIBUS 3 Meet Our New Faculty Kelsey Hample joined the Furman economics or close to 40% of the world's population, faculty in 2017 after receiving a PhD in relied on burning wood or other solid fuels Economics from North Carolina State for cooking as of 2010. Apparently, simply University. She currently teaches Growth and providing these households with more Development, Behavioral Economics, efficient stoves is not enough to ensure a Statistics, and Introduction to Economics and reduction in fuel use. was recently selected to receive the Robert E. Hughes Professorship in Economics for her Dr. Hample looks forward to working with worK at Furman. students on their own research topics and continuing to excite students about the breadth of questions economics can help Kelsey Hample Dr. Hample’s research interests include topics in development and behavioral economics them answer. She has been engaged with with a focus on individual decision maKing in Furman’s Shi Center for Sustainability and the face of risK and uncertainty. In one paper, looks forward to opportunities for she analyzes the potential tradeoff between interdisciplinary research related to informal risk sharing and formal, but costly, sustainability questions. Having had a insurance. Creating markets for formal wonderful study abroad experience in insurance is a popular proposal to improve college, she also looks forward to leading welfare among subsistence level farmers in students on future study away courses. Dr.
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