Department of Economics News

Department of Economics News

Economics class gets inside look at Federal Reserve

Federal Reserve System

A group of economics majors studying Economics of Money and Banking this spring visited the Board of Governors of the Federal Reserve System in Washington, D.C.

A special one-hour tour organized for the students — joined by Nakul Kumar, assistant professor of economics, — introduced them to the history and functions of the Federal Reserve System.

Students got a chance to explore the special research library, and the boardroom, where the Chairperson and the Governors of the Federal Reserve make key monetary policy decisions.

The Board of Governors of the Federal Reserve System, commonly known as the Federal Reserve Board, is the main governing body of the Federal Reserve System. It is charged with overseeing the Federal Reserve Banks and with helping implement monetary policy of the United States. Governors are appointed by the President of the United States and confirmed by the Senate for staggered 14-year terms.

Scholar discusses economic inequality

Gregory Mankiw

Dr. N. Gregory Mankiw of Harvard University is coming to Bloomsburg University to give a talk on “The Rise in Economic Inequality: Causes and Cures” on Thursday, April 14th 2016. The talk will be held at Mitrani Hall of HAAS Center for Arts at 2PM. There will also be a Q&A in the morning at 9:30 AM, the location for Q&A session will be announced shortly.

Economics scholar N. Gregory Mankiw, who was appointed chairman of the Council of Economic Advisers by former President George W. Bush, will discuss “The Rise in Economic Inequality: Causes and Cures” in his lecture at 2 p.m. in Haas Center of the Arts, Mitrani Hall. Admission for the lecture is free and open to the public.

A professor of economics at Harvard University, Mankiw teaches macroeconomics, microeconomics, statistics, and principles of economics. In addition to serving as chairman of the Council of Economic Advisers, he was a research associate of the National Bureau of Economic Research, adviser to the Federal Reserve Bank of Boston and the Congressional Budget Office, and member of the Educational Testing Service’s test development committee for the advanced placement exam in economics.

Along with his two textbooks, “Principles of Economics,” which sold more than 1 million copies in 20 languages, and “Macroeconomics,” Mankiw has published articles in the American Economic Review, Journal of Political Economy, Quarterly Journal of Economics, and public forums, including The New York Times, The Washington Post, The Wall Street Journal and Fortune. Mankiw received his Bachelor of Arts in economics in 1980 at Princeton University and earned his doctorate in economics from the Massachusetts Institute of Technology in 1984. His research includes work on price adjustment, consumer behavior, financial markets, monetary and fiscal policy, and economic growth.

Exploring the nation's economic engine

Economics Washington D.C.

A group of Bloomsburg University economics students got an up-close look at the country’s economic system in the fall of 2014 in the heart of the nation’s capital. The recent trip to Washington D.C. for this Honors class opened the doors — and their eyes — to the World Bank, Washington Center, Federal Reserve and cultural treat at several local destinations.

  • World Bank – students received a detailed explanation how the bank worked, specifically how it helps underdeveloped countries through low interest loans and economic advice.
  • Washington Center – students networked for possible internship opportunities, as well as received information on its program and services.
  • Federal Reserve – students learned about its operations and its role with the Board of Governors play in adjusting the money supply, controlling inflation and helping to stimulate the economy.

Among the cultural spots the students visited included Smithsonian Museum of Air and Space, Museum of Natural History and the Washington Monument.

Joint-degree exchange program honored

Saleem M. Khan

Saleem M. Khan, professor of economics, was recently honored in appreciation of leadership in founding and directing Joint-Degree and Exchange Program between Bloomsburg University and the Financial University Under the Government of the Russian Federation by the College of Liberal Arts. The collaboration with the Financial University was started in 1992 and Double-Degree in 2003. So far over 165 students from Russia have graduated from Double-Degree in economics from BU.

This program was recognized number one in the U.S. and Russia in a recent international conference held at Bard College, New York. More than 40 universities from the U.S. and Russia participated in this conference. Presidential leadership is central to the success of International collaborative programs and Dr. Soltz has been enthusiastic and active supporter of this initiative.

Andrew Bentivegna

James Brown, dean of the College of Liberal Arts, awarded the plaque in a reception welcoming Finance University exchange students at Fenstermacher Alumni House. David L. Soltz, president, Thomas Fletcher, associate vice president, Brown, Luke Springman, Director, director of global and multicultural education, Madhav P. Sharma, director of international education services and many other faculty and staff members attend the event.

Economics major presents research

Andrew Bentivegna, a student at BU majoring in economics and accounting, presented the results of his research in 23rd Annual Health Science Symposium in April 25, 2014. The research explains the relationship between depression and social relationship among households in local community.