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Online Course Offering – Summer 2009

Money and Banking
Analysis of financial instruments and markets, and monetary policy.
Prerequisites: Econ 201 and Econ 202

Textbook: The Economics of Money, Banking, and Financial Markets, 8th edition by Frederic S. Mishkin (purchased online or through the UMW bookstore).

Also, you must purchase access to the Aplia website ($35, paid to Aplia.) Note: When you sign up for the class you have immediate access to the site; payment isn’t due until 6/4. You can preview the site at any time!
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Independent Research Course in Economics offered Fall 2009

Participate in the “College Fed Challenge” Speaking Competition and receive Speaking Intensive credit. Prerequisites; Econ 201 and 202

Fed Challenge is an annual speaking competition sponsored by the United States Federal Reserve System. Teams of students research and present their recommendation for monetary policy. The presentations are judged by Federal Reserve economists, in mid November. Winners at the District level receive a trip to give their presentation at the Board of Governors in Washington, DC (judged by actual Federal Reserve Governors and Fed Bank Presidents). Winners receive awards and cash prizes. For more information about college Fed Challenge go to www.richmondfed.org/educational_info/academic_competitions/college_fed_challenge.

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Economics Alumni Career Forum – Thursday, March 26 @ 7 PM

This Spring’s Economics Alumni Career Forum will be held on Thursday, March 26 starting at 7 pm at EconHouse.  Recent graduates will talk about succeeding in life as an economics major.  Committed to appear are Derek Simpkins (American Red Cross), Katie Teller (U.S. Department of Energy), Catherine Stewart (U.S. Office of Management and Budget), and Celeste LeRoux (America Abroad).

Economics Course Syllabi

The syllabi of department faculty will be available from the Department web page (www.umw.edu/economics). Follow About the Department/Economics Course Syllabi. Go directly to it via this link.

Fall Economics Course Schedule

View the Economics Course schedule for Fall 2009 here.

Open House at Econ House!

An Open House will be held at Econ House on Thursday, February 19 from 4:30 – 6:30 PM.  Tour the house, talk to your professors and fellow students, play some games, and have a little food and drink.

Eastern Economics Association Practice Sessioin

On Tuesday, February 17 from 4 PM - 6 PM in EconHouse 102, six fellow economics majors will be presenting their research in preparation for the Eastern Economics Association Annual Conference.  Scheduled to present are:

Erin Beddingfield – “Analysis of Carbon Market Permit Allocation”
Kim Blodgett – “An Economic Analysis of Assistance to Firefighters Grant Money Awarded to Pennsylvania Fire Companies in 2005″
Margaret Graybeal – “Has Income for Young Adults Shifted?  A Multiple Decade Comparision of Earnings, Compensation, and Other Income-Related Factors for Young Adults
Joe Mundy – “Measuring Permanent and Transitory Components of Income on their Marginal Propensity to Consume”
Sarah Restaino – “Gymnastics Enrollment, Obesity, and Olympic Games”
Sierra Stoney – “Homegrown Capital in a World Economy: the Effect of Remittances on Developing Nations”

Be there to support your classmates.

New Department Blog

Professor Brad Hansen has a new blog called Economics and History: This is a blog about economics, history, law and other things that interest me.  This blog joins Steve Greenlaw’s Pedablogy.

Goodbye Monroe, Hello EconHouse!

The UMW Economics Department is permanently leaving the confines of Monroe Hall to take up residence in the house at 1004 College Avenue–EconHouse.  The plan is to be fully moved in prior to the beginning of the Spring semester.  The new offices and numbers are:

201 – Greenlaw

202- Humphrey

203- Hansen

204-Stageberg

205- Rycroft

Phone numbers will not change.  Professor Ray will remain in Monroe, eventually moving to Combs 123.

UMW Philanthropy Class Announces Grant Recipients

December 2, 2008

Students enrolled in a philanthropy course at the University of Mary Washington have awarded $10,000 in grant money to the Rappahannock Big Brothers Big Sisters to initiate a Hispanic Youth Mentoring Project in the Fredericksburg area.

Tristan Diaz, class-elected representative of the course-created Mary Washington Charitable Foundation, made the announcement today at the university’s Jepson Alumni Executive Center.

“I’m so honored and elated,” said Lisa Bales, executive director of Rappahannock Big Brothers Big Sisters. “This award will enable us to launch this program very soon. It’s going to allow us to do something fresh and different and serve a population that is really needed.”

The pilot project, which will be augmented by the Ronald McDonald House Charities, will serve a minimum of 25 Hispanic children through a long-term mentoring relationship. Hispanic adults will be matched with Hispanic children between the ages of 6 and 13 who come from a single parent home. The Mary Washington Charitable Foundation gift will make it possible for the local Big Brothers Big Sisters organization to hire a part-time coordinator who will assist in recruiting and training the adult volunteers.

The grants were funded by Doris Buffett’s Sunshine Lady Foundation, which provided the class with $10,000 to award how it saw fit. The class of 21 students reviewed a total of ¬¬27 applications.

“We wanted to fund a program that would provide underprivileged youth with the skills, knowledge and character development necessary to be successful in school and beyond,” Diaz said.

He said that that mentoring project will achieve these goals by hiring a project director who will be responsible for pairing at-risk Hispanic youth with bilingual mentors and will give the participants the opportunity to build a healthy relationship that will provide them with the support, security and skills necessary to make good decisions.

The course, Economics of Philanthropy and the Nonprofit Sector, is taught by Robert Rycroft, professor of economics at the University of Mary Washington. It allows students to learn about philanthropy through the hands-on experience of forming a foundation, creating the criteria for the award, soliciting applications for the grants, reviewing the applications and selecting the award winners.

The class has reaffirmed Diaz’s conviction in giving back to the community.

“As I read through the applications, I was humbled by the dedication and goals set by each organization,” Diaz said. “There are few opportunities in the classroom setting to apply the theoretical framework of our studies to the real world. Knowing that our decisions will benefit not only individuals but also the community as a whole has brought the class and Professor Rycroft closer together.”

This is the fourth year the class has been offered, and it is slated to be taught each fall at the University of Mary Washington with continued funding from the Sunshine Lady Foundation. Buffett also funds similar courses at Cornell University, the University of Virginia, Tufts University, Davidson College and the University of Montana.

Past recipients in the Fredericksburg area were the National Housing Trust/Enterprise Preservation Corporation, the Fredericksburg Counseling Services, Inc., Homes for America: Heritage Park Academic Achievement Program, Rebuilding Together, Rappahannock Refuge Inc./Hope House and the Fredericksburg Regional Boys and Girls Club.

The Sunshine Lady Foundation is a private family foundation funded by Doris Buffett, sister of billionaire Warren Buffet. The foundation invests in organizations and programs dedicated to providing opportunities for the advancement of education, well being and new life choices for disadvantaged people with special empathy for the working poor and families in crisis. More information about the foundation is available at www.sunshineladyfdn.org.

For more information about the philanthropy course at the University of Mary Washington, contact Dr. Rycroft at (540) 654-1500 or  rrycroft at umw.edu.

News release prepared by Marty Morrison

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