The M.A. program in Economics at the University of Connecticut has been ranked #38 of the 157 programs evaluated in the Financial Engineer’s 2015 Master of Economics Rankings.
A variety of factors are used to evaluate each program, including acceptance rates, the employment prospects for new graduates, and starting salaries and bonuses. The results are considered “”the most comprehensive rankings for graduate financial economics programs in the United States.”
Professor Naknoi presented her paper on exchange rate pass-through in the annual meeting of the Society for Economic Dynamics, which was held in Warsaw, Poland, June 25-27.
Book Review
Paul Hallwood, Economics of the Oceans: Rights, Rents and Resources. Oxon and New York: Routledge, Taylor & Francis Group. 298 pages. ISBN: 978-0-415-63911-8.
“Economics of the Oceans fills a critical gap between broad environmental economics texts and marine resource texts focused on only one resource. Its major strength is the ease with which Paul Hallwood blends background information, case studies and economic theory.
“Over fifty percent of the book is on non-fish resources and includes important ocean resource topics such as coral reef protection, mineral extraction, ocean pollution, maritime piracy and shipwreck recovery. The major strength of the book is the ease with which the author blends background information, interesting case studies and economic theory. The book is a great example of just how applicable basic microeconomic principles are to a range of policy issues (even in the often anarchic world of the ocean).
“The general theme of Economics of the Oceans is that property rights are what really matter in the ocean. This will come as no surprise to economists but the stark differences in outcomes across settings that differ primarily in terms of rights may surprise even the most ardent Coaseans. As an illustrative example, Hallwood cleverly compares and contrasts oil with fish. Offshore oil is heavily regulated in most countries with clear property rights and generates significant rents for host governments. Fish populations are poorly regulated in the waters of many countries with unclear property rights and generate little economic rents. Why this has come about and what can be done to remedy this situation is one of the key lessons in Economics of the Oceans.”
John Lynham, University of Hawai’i at Mānoa and Center for Ocean Solutions, Stanford University. (Applied Economics Journal Vol. 21 No. 2 (December 2014): 105-108).5
Professor
Harmon took part in the panel “Nontraditional Magic: Online and Service-Learning Pedagogy and Teaching,” joining panelists: Diana Rios, UConn Professor of Communication and El Instituto, and UConn Professor Carl Salsedo, Extension Educator, Horticulture, at the 2015 American Association of University Professors Conference on the State of Higher Education, Washington, D.C. June 11, 2015.
The roundtable focused on reconfiguring traditional “live” ways of learning and lecturing into another kind of “magic.” Contemporary “magic” refers to dynamic inspiration to share knowledge and to instigate learning among Millennials.
Professor Michele Baggio has had two papers published this spring:
“Optimal Fishery Management with Regime Shifts: An Assessment of Harvesting Strategies,” in Environmental and Resource Economics
“Modeling adaptation in multi-state resource systems,” with co-author Charles Perrings, in Ecological Economics.
As the dollar appreciates against world currencies, Prof. Naknoi answered questions in UConn Today on the impacts of dollar appreciation on summer travel.
The entire Q&A is published on May 28 in UConn Today:
http://today.uconn.edu/blog/2015/05/strong-dollar-pays-off-for-summer-travel/
Professor Langlois took part in the first UConn Science Salon, joining panelists from across disciplines to discuss “3D Printing: Living Tissue to Human Organ.”
See pictures and highlights from the event at UConn Today.
As the debate on the Trans-Pacific Partnership heats up, Prof. Ahking answered questions in UConn Today on the pros and cons of this trade agreement.
The entire Q&A is published on May 6 in UConn Today.
Professor Mikhael Shor has had his paper, “How collaborative forecasting can reduce forecast accuracy,” accepted by Operations Research Letters.
The brief article compares an independent supplier and retailer who each forecast consumer demand with a jointly-profit-maximizing supplier and retailer who share their forecasts of consumer demand. The move from non-collaborative to collaborative forecasting can have the unexpected impact of decreasing demand forecast accuracy while still increasing profit. Therefore, collaborating firms should maintain a focus on profits, not forecast accuracy, as the appropriate measure of success.
Professor Paul Hallwood last week was awarded the Outstanding Researcher award by the Avery Point Director, Professor Marty Wood. The prize is awarded annually to faculty including the science departments.
The citations mentioned that Professor Hallwood is the author of 10 books and about 70 papers in refereed journals, and that he is active in applied work – notably in redesigning a tax system for the Scottish government and earlier as an economic advisor to the Government of Saudi Arabia.