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Department of Economics and Finance|College of Business

Economics and Finance In The News

UW College of Business students present to at the State Loan Advisory Board meeting

College of Business students stand with State Loan Advisory Board and Professor Patrick Fleming.

Professor Patrick Fleming and students presented to the State Loan Investment Board on April 10, 2014.  The State Loan Investment Board Members include Governor Matt Mead, Treasurer Mark Gordon, Secretary of State Max Maxfield, State Auditor Cynthia Cloud, and State Superintendent of Public Instruction Cindy Hill.

Professor Robert Godby publishes book Professor of Economics Robert Godby published new book titled The European Crisis.

Dr. Robert Godby, an associate professor in the Department of Economics and Finance, published his first book titled The European Financial Crisis in December of 2013. Professor Godby began his academic career at the University of Wyoming in 1997.  He has since published articles in journals, contributed to edited volumes, presented his research internationally, and served as public expert by commenting in radio, national television, and public media interviews on his main research areas, which include macroeconomic and monetary policy, behavioral economics, energy economics, industrial organization, and environmental economics and policy.  He collaborates with other researchers on projects and serves as a mentor to graduate students.   More details about Professor Godby can be found on his University of Wyoming academic profile webpage at the following link: http://www.uwyo.edu/econfin/people/faculty/robert-w-godby.html

A brief synopsis of The European Financial Crisis as posted on goodreads.com follows:

“The European debt crisis has posed a challenge for many people to understand, both non-Europeans and Europeans alike. Even economists, finance specialists and market commentators are often uncertain of its causes or in the interpretation of events ongoing, or of past events that have taken place that then shaped the current situation. Typically this lack of understanding results from a lack of understanding of how European institutions work, the structure of European politics and the Eurozone, the economics of the financial system, or the relationship of debt markets to current government policies in the EU. The purpose of this book is to describe the causes and outcomes of the European debt crisis (to the date of publication) within the context of three questions most often asked about the debt crisis: (i) what happened? (ii) why did it happen? and (iii) why has the crisis been so difficult for policy-makers to address? The book attempts to answer these questions in a straightforward, scholarly and thoughtful fashion, thereby developing a wider understanding of the crisis in its entirety for the reader. The book is by no means meant to be an exhaustive treatment on any of the issues it discusses. But the approach taken should be useful for those people who wish to better understand the events of the European financial crisis over the past three years but who do not need to acquire an exhaustive background in European institutions, debt markets, history and economic policy-making. For that reason the proposed book would have appeal to undergraduate students in business, economics, politics or interdisciplinary studies looking for an approachable yet detailed overview of the crisis, for graduate classes seeking similar goals and lay-people or professionals interested generally in the topic and/or with a need to acquire a basic understanding of the topic. Further, the book could serve as an introduction in courses or settings that lead to deeper discussion of the economic, political, and financial issues it presents. “

Professor Ed Barbier Speaks at Conference

Professor Edward B. Barbier will be a Keynote Speaker at the ESPA Annual Science Conference in London which is being held on Wednesday, November 20  and Thursday, November 21.  The Theme of the Conference is “Winners and Losers: Trade-offs in Ecosystem Services for Poverty Alleviation”.  Professor Barbier will make his presentation titled “Ecosystem Services and the Poor on Marginal Lands: Tradeoffs and Synergies” from 10:00 – 11:00 a.m. GMT on Wednesday, November 20.  For those who would like to web-stream Professor Barbier’s presentation as well as the Conference, please click here to view a  PDF with the web-streaming details.

Faculty Senate choses Dr. Edward Barbier as Fall 2013 Award Recipient for the Speaker Series

Dr. Edward Barbier presents at faculty senate speaker series on November 6, 2013.Professor Edward Barbier will present "Scarcity and Frontiers: How Economies Have Developed through Natural Resource Exploitation" as part of the faculty senate speaker series.  The presentation will be held November 11, 2013 at 4:10 p.m. in Classroom Building Room 129.  A brief description of the presentation as described by the faculty senate is as follows: "Throughout much of history, a critical driving force behind global economic development has been the response of society to the scarcity of key natural resources, such as land, forests, fish, fossil fuels and minerals.  Increasing scarcity raises the cost of exploiting existing natural resources and creates incentives in all economies to innovate and conserve.  However, economies have also responded to increasing scarcity by obtaining and developing more abundant sources of natural resources.  Since the agricultural transition over 12,000 years ago, this exploitation of new “frontiers” has often proved to be a pivotal human response to natural resource scarcity.  This talk, based on Barbier’s 2011 Cambridge University Press book of the same title, explores the contribution that natural resource exploitation has made to economic development in key eras of world history and also shows how we can draw lessons from these past epochs for the role of natural resources in global development today.

"Edward B. Barbier is the John S. Bugas Professor of Economics, Department of Economics and Finance, University of Wyoming. His main expertise is natural resource and development economics as well as the interface between economics and ecology. He has served as a consultant and policy analyst for a variety of national, international and non-governmental agencies, including many UN organizations, the World Bank and the OECD. He has authored over 200 peer-reviewed journal articles and book chapters, written or edited 21 books, and published in popular journals."

Welcome New Faculty Member to Department of Economics and Finance: Dr. Linda Thunstrom

Linda ThunstromDr. Thunstrom has been a visiting professor in the Department of Economics and Finance for the last 2 years, and it has been a very positive experience for her. She is excited about starting her new job as an assistant professor in the department this fall. Her research is in the fields of health economics, public economics and behavioral economics. Her focus is on analyzing contributors to the rise in diet related illnesses and how public policy may impact healthy choices, but she enjoys digging into other topics as well. She enjoys teaching and has been teaching principles of macroeconomics in Sweden and here at UW. This fall, she will also teach Public Economics, which she is much looking forward to. Dr. Thunstrom said: “My interest in public policy goes back to my first job at the Swedish Ministry of Finance, which gave me insight into policy making both nationally and in the European Union. I completed both my MSc and my Ph.D. at Umea university, Sweden, and have been working in Stockholm, at HUI Research AB, ever since I got my doctorate degree. Apart from a great research environment and wonderful colleagues, I fully enjoy the sunshine and white winters here in Wyoming -- it is a big step up from the darkness and dampness of the Scandinavian winters! Some of my favorite things to do, in addition to spending time with family and friends, include jogging and skiing around the Snowy range with my husband (Jason Shogren) and our four-year-old son.”

Join Economics and Finance Graduate Students on September 14 for "In The Wild" Hike at Longs Peak

Graduate Students at Longs Peak

Longs Peak is one of the more difficult but accessible 14'ers because of the distance and elevation gain of the trail. The hike is about 14 miles with 5,100 feet of elevation gain.  Do not let this deter you! Many people that climb Longs choose to hike up to the "Keyhole" which avoids the last 1,000+- feet of elevation and some of the more "technical" climbing. The hike up to this point is family friendly for the most novice hikers.  The last part, past the keyhole to the summit, requires a bit of hand-over-hand scrambling but no technical gear (ropes, helmets, etc.) is required.

Our first climb (in 2011) required snowshoes and crampons -- in 2012 we walked up in sneakers. The conditions are somewhat unpredictable but either way we will make sure everyone is prepared! We will hike the mountain on Saturday September 14th! The past two trips have been a really great experience and a nice opportunity to spend some out-of-office time in the alpine air with our colleagues.  So, get ready physically or mentally!

For detailed information about the mountain and trail please see http://www.14ers.com/routemain.php?route=long1&peak=Longs+Peak.

In the past we have left Laramie around 1 AM, been on the trail by 4 AM, off the summit by Noon, eating dinner at a local restaurant around 6 PM and back in Laramie that evening but there are plenty of camping and lodging opportunities in the Estes Park area to make the front end or back end of the trip more manageable.

Jake Hochard hopes some of you will join us and he'd be happy to answer any questions about the hike or logistics of the trip!  Please email him at jhochard@uwyo.edu.

The students pictured from left to right are as follows: John Strandholm, Jacob Hochard, Katie Lee, Zachary Timpe, Steve Targos, and Eric Becker.

Do Family

UW Graduate Continues Family Legacy

The Econ and Finance department had special visitors last week when Dr. Do and his family stopped in. Dr. Do is a professor of Economics at Hanoi University of Agriculture. His daughter graduated from UW with a Masters in Finance last May.

Dr. Do has been working and visiting many campuses in Australia, Japan, South Korea, Philippines, Germany, and Norway, and few in the U.S. Dr. Do shared about his visit on our campus, “UW has definitely left an impression with outstanding facilities, renowned faculty in many major areas, as well as interesting history of the development. I am very proud my two children have received their education from UW."

Names from right: Totti Nguyen, Klaas van 't Veld (Director of Graduate Programs), Chung Do, Duong Do, Fred Sterbenz Economics and Finance Department Chair), and Kim Do

College of Business Investment Management Class Presents to State Loan Investment Board

Investment Banking Class trip 04.12.2013

On April 11th, the Investment Management class presented their investment performance to the State Loan Investment Board in Cheyenne. The class manages  approximately $1.25 million dollars in assets from the State of Wyoming and the University of Wyoming foundation. Members of the board are Governor Matt Mead, Secretary of State Max Maxwell, State Treasurer Mark Gordon, State Auditor Cynthia Cloud, and Superintendent of Public Instruction Cindy Hill. Unfortunately, Governor Matt Mead was in the Middle East meeting with energy officials. The class prepared and presented their investment outlook which encompasses the current Global economic conditions and investment opportunities for this year. The students are currently producing a positive alpha over the S & P 500 benchmark. This is quite an accomplishment as approximately 70% of active managers are not able to beat their respective benchmark.

The students pictured from bottom to top are as follows: Kaitlin Mary Inchauspe; Tracy T Mc Ewen; Ivana Milickovic; Olivia Davis; Trista Louise Wood; Patrick Anthony Passow; Colin W Herold; Zachary David Mills; Foerstner G Meyer; James B Williamson; Devon Richard Johnson; Jeremiah B. Decker; Nicholas Joseph Diller; and Derek Ian Sibrel.

Other headlines:

  • Chuck Mason, a UW professor of petroleum and natural gas economics, was quoted in a CBS Money Watch story about rising heating fuel prices caused by unusually cold weather nationwide.
  • UW Economics Professor Edward Barbier is the lead writer of a commentary in the international science journal Nature that calls for governance and funding for deep-sea reserves and the restoration of ecosystems damaged by commercial interests.
  • Professor Thorsten Janus published an op-ed in the Christian Science Monitor.  Read the article in Christian Science Monitor.
  • Professor Edward Barbier publications ranked among world's best in Marine Econsystem Service. Read the article in UW campus news.
  • A UW economist, Anne Alexander, was quoted in The Casper Star-Tribune about Wyoming business concerns over health insurance mandate.
  • Professor Edward Barbier published a study in March 2013 demonstrating that the presence of marshes in Louisiana could reduce strom property damage. Read the article in Nature.
  • Professor Ed Barbier's work appears in two prestigious journals.  Read the article in UW campus news.
  • Professor Ed Barbier had a Policy Forum published on Science magazine: The Green Economy Post Rio+20.
  • Professors Hilla Skiba and Nicole Choi traveled to Omaha, NE to meet with Warren Buffet, CEO of Berkshire Hathaway.  Read the article in UW campus news and the Casper Star-Tribune.
  • Economics and Political Science major, Megan Degenfelder, is named UW's Co-Outstanding Graduating Woman.  Read the article in UW campus news.
  • Professor Jason Shogren was quoted in an article in the Wyoming Business Report on "Consumers show dip in confidence: Consumer Reports Index".
  • Professor David Finnoff has been honored with the 2012 Mortor Board's Outstanding Advisor award.  The Outstanding Advisor Award is presented to a member of the university community who has performed outstanding academic, career, and personal advising. Students are asked to nominate individuals who skillfully, and consistently, provide academic advice as well as career guidance, and who establish personal relationships with their students.
  • Professor Edward Barbier's book assesses progress in achieving sustainable economics.  Read the article in UW campus news.
  • Professor Edward Barbier has a comment piece in Nature on "Tax 'societal illls' to save the planet".
  • Professor Jason Shogren will take part in the Royal Professors' Symposium on Global Sustainability, scheduled March 22 at the Royal Palace in Stockholm, Sweden.
  • WSJ.com cites Professor Tim Considine in the article "Oil and Gas Boom Lifts U.S. Economy". 
  • Can the West save us from foreign oil imports?  Read the article "Drilling to Energy Independence".
  • Professor Tim Considine presented research at the University of Southern California comparing the economic impacts of renewable portfolio standards, natural gas power generation, and developing oil and gas resources in California.  
  • Salon.com reports on the "Five Places where the rich, got richer" and quotes UW Professor Jason Shogren.
  • Canadian Broadcasting Corporation interviews Professor Tim Considine at the Quebec Oil and Gas Association meeting.  The link is in french.
  • Guardian from the United Kingdom referenced UW Stroock Professor Jason Shogren and Appalachian State University Professor Todd Cherry's research on "The Social Cost of Coal:  A Tale of Market Failure and Market Solution".
  • Newsweek's Daily Beast quoted UW Economics Professor Ed Barbier in an article about the economic crisis.
  • Richard Van Horne, Assistant Lecturer, addressed the CFA Society of Singapore on the topic of Hedge Funds and Hedging Mutual Funds.
  • Forbes.com referenced UW Economics Professor Tim Considine's model of the global oil market.
  • Financial Times referenced UW Finance Professor Hilla Skiba's research on "Home Bias".
  • Economic Logic Blog spot comments on UW Economics Professors David Aadland and Sherrill Shaffer's research on the perception of time.
  • USA Today quoted UW Economics Professor Rob Godby in an article about the state's population growth.
  • The Casper Star Tribune published a feature about experiences offered to students in the new UW College of Business trading room.

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