Economics & Finance

2012 Winter

• FINA 311-601 FINANCIAL MANAGEMENT
  Addresses fundamental concepts in financial management such as security markets, interest rates, taxes, risk analysis, time value of money, valuation models and related global issues. Explains how financial managers help maximize the value of a firm by making capital budgeting, cost of capital and capital structure decisions. Prerequisites: Majors: admission to the professional program, ECON 211, ECON 212. Minors or others: junior status, ACCT 201, MATH 155, ECON 150 or ECON 211. Three hours per week.

2012 Spring

• FINA 441-001 INVESTMENTS I
  Examines the capital market and marketable securities traded in the market, with emphasis on stocks and fixed income securities. Topics include portfolio theory, the efficient market hypothesis and evaluation of portfolio performance. Prerequisite: B or better in FINA 311. Three hours per week.

• FINA 441-002 INVESTMENTS I
  Examines the capital market and marketable securities traded in the market, with emphasis on stocks and fixed income securities. Topics include portfolio theory, the efficient market hypothesis and evaluation of portfolio performance. Prerequisite: B or better in FINA 311. Three hours per week.

• FINA 442-001 FINANCIAL DERIVATIVES
  Advanced study of security markets and investment alternatives. Topics include options, futures, advanced security analysis, portfolio theory, portfolio management and international dimensions of investing. Prerequisite: C or better in FINA 441. Three hours per week.

Visit the GullNet Logon Page to logon and view the entire schedule of classes.

Article(s)

Hill, B. & Caviglia-Harris, J. 
(In Press). 
Assessment plan & design: A model for enhancing instruction in economics courses. 
International Review of Economics Education, 
*

Caviglia-Harris, J., Chambers, D. & Kahn, J. 
(2009). 
Taking the "U" out of Kuznets: A comprehensive analysis of the EKC & environmental degradation. 
Ecological Economics, 
68(4), 
1149-1159. 
*

Sills, E. O. & Caviglia-Harris, J. L. 
(2009). 
Evolution of an Amazon frontier: Determinants of land value in Rondonia, Brazil. 
Land Use Policy, 
26, 
55-67. 
*

Caviglia-Harris, J. L., & Harris, D. W. 
(2008). 
Integrating survey & remote sensing data to analyze land use at a fine scale: Insights from agricultural households in the Brazilian Amazon. 
International Regional Science Review, 
31(2), 
115-137. 
*

Caviglia-Harris, J. L. 
(2006). 
Attendance & achievement in economics: Investigating the impact of attendance policies & absentee rates on student performance. 
Journal of Economic & Finance Education, 
4(2), 
2-15. 
*

Shone, B. M. & Caviglia-Harris, J. L. 
(2006). 
Quantifying & comparing the value of non-timber forest products in the Amazon. 
Ecological Economics, 
58(2), 
249-267. 
*

Caviglia-Harris, J. L. & Sills, E. 
(2005). 
Land use & income diversification: Comparing traditional & colonist populations in the Brazilian Amazon. 
Agricultural Economics, 
32, 
221-237. 
*

Caviglia-Harris, J. L. 
(2004). 
Academic achievement in large lectures: Analyzing the effects of attendance rates & class motivation on economics exam grades. 
Journal of Economic & Finance Education, 
3(1), 
48-60. 
*

Caviglia-Harris, J. L. 
(2004). 
Household production & forest clearing: The role of farming in the development of the Amazon. 
Environment & Development Economics, 
9(2), 
181-202. 
*

Caviglia-Harris, J. L. & Hatley, J. 
(2004). 
Interdisciplinary teaching: Analyzing consensus & conflict in environmental studies. 
International Journal of Sustainability in Higher Education, 
5(4), 
395-403. 
*

Caviglia-Harris, J. L. & Hatley, J. D. 
(2004). 
Interdisciplinary teaching: Analyzing consensus & conflict in environmental studies. 
International Journal of Sustainability in Higher Education, 
5(4), 
395-403. 
*

Caviglia-Harris, J. L. 
(2003). 
Introducing undergraduates to economics in an interdisciplinary setting. 
Journal of Economic Education, 
34(3), 
195-203. 
*

Caviglia-Harris, J. L. 
(2003). 
Sustainable agricultural practices in Rondonia, Brazil: Do local farmer organizations impact adoption rates? 
Economic Development & Cultural Change, 
52(1), 
23-50. 
*

Caviglia-Harris, J. L., Kahn, J. R. & Green, T. 
(2003). 
Demand-side policies for environmental protection & sustainable usage of renewable resources. 
Ecological Economics, 
45, 
119-132. 
*

Casey, J. F., Caviglia-Harris, J. L., Kahn, J. R. & Rivas, A. 
(2002). 
Information & the subsistence farmer's decision to deforest in Latin America. 
International Journal of Sustainable Development, 
5(4), 
392-414. 
*

Caviglia, J. L. & Kahn, J. R. 
(2001). 
Diffusion of sustainable agriculture in the Brazilian tropical rain forest: A Discrete choice analysis. 
Economic Development & Cultural Change, 
49(2), 
311-333. 
*

Awards(s)

Jill Caviglia-Harris (2010). Regents' Faculty Award for Excellence for teaching excellence - Board of Regents, University System of Maryland (USM).
*

Jill Caviglia-Harris (2010). Kenneth G. Elzinga Teaching Award - Southern Economic Association (SEA).
*

Jill Caviglia-Harris (2010). Outstanding Research Mentor Award - Student Research Conference, Salisbury University.
*

Jill Caviglia-Harris (2004). Distinguished Faculty Award - Salisbury University, Salisbury, MD.
*

Book(s)

Caviglia, J. L. (1999). Sustainable agriculture in Brazil: Economic development and deforestation. UK: Edward Elgar Publishing.
*

* * *

Please send any updates to smfridie@salisbury.edu.

• Two Earn Outstanding Research Mentor Awards
  Wednesday, May 05, 2010
   
•  SU Faculty Go Into the Amazon--With Kids
  Friday, September 18, 2009
   
•  SU Environmental Researchers Earn $555,000 in Grants
  Thursday, June 19, 2008
   
•  SU Students Spend Spring Break With Foster Children in Costa Rica
  Thursday, April 03, 2008
   
•  Cavaglia-Harris Inaugurates 2008 'Mind Shrapnel' Series February 19
  Friday, February 01, 2008
   
•  Seventh Annual SU Student Research Conference April 27
  Thursday, April 19, 2007
   
•  Caviglia-Harris Earns $168,000 NSF Grant for Amazon Study"
  Wednesday, May 04, 2005
   
•  Dr. Jill Caviglia-Harris Earns 2004 Distinguished Faculty Award
  Thursday, October 28, 2004
   
•  SU Faculty Earn Promotions
  Friday, September 10, 2004
   

Visit the Press & Publications site for more information.

2012 Winter

• ECON 212-601 MACRO-ECONOMIC PRINCIPLES
  Explores forces behind business consumer purchases, capital spending and the balance of payments and their relationship to unemployment, inflation and the value of the dollar abroad. Also examines the effect of government spending, taxation and money supply policies on the economy's performance. Prerequisite: ECON 211. Three hours per week. Meets General Education IIIB or IIIC (Prior to Fall 2008: IIB).

2012 Spring

• BUAD 338-001 SPECIAL BUSINESS TOPICS
  Advanced study of varying business topics based on students' interests and needs. May be repeated once for credit under different subtitle. May substitute for a concentration elective depending on the topic (see director of undergraduate studies). Major Prerequisites: Varies by topic and admission to Professional Program. Non-Major Prerequisites: Varies by topic and junior standing. Three hours per week.

• ECON 212-602 MACRO-ECONOMIC PRINCIPLES
  Explores forces behind business consumer purchases, capital spending and the balance of payments and their relationship to unemployment, inflation and the value of the dollar abroad. Also examines the effect of government spending, taxation and money supply policies on the economy's performance. Prerequisite: ECON 211. Three hours per week. Meets General Education IIIB or IIIC (Prior to Fall 2008: IIB).

• ECON 212-603 MACRO-ECONOMIC PRINCIPLES
  Explores forces behind business consumer purchases, capital spending and the balance of payments and their relationship to unemployment, inflation and the value of the dollar abroad. Also examines the effect of government spending, taxation and money supply policies on the economy's performance. Prerequisite: ECON 211. Three hours per week. Meets General Education IIIB or IIIC (Prior to Fall 2008: IIB).

• ECON 212-604 MACRO-ECONOMIC PRINCIPLES
  Explores forces behind business consumer purchases, capital spending and the balance of payments and their relationship to unemployment, inflation and the value of the dollar abroad. Also examines the effect of government spending, taxation and money supply policies on the economy's performance. Prerequisite: ECON 211. Three hours per week. Meets General Education IIIB or IIIC (Prior to Fall 2008: IIB).

• ECON 494-001 DIRECT STUDY IN ECONOMICS
  Supervised study in an area of interest to the advanced student. May be taken twice under different course topics recorded with the registrar. Prerequisite: Junior standing and consent of instructor.

Visit the GullNet Logon Page to logon and view the entire schedule of classes.

Article(s)

Caviglia-Harris, J., Chambers, D. & Kahn, J. 
(2009). 
Taking the "U" out of Kuznets: A comprehensive analysis of the EKC & environmental degradation. 
Ecological Economics, 
68(4), 
1149-1159. 
*

Chambers, D. L., Wu, Y. & Yao, H. 
(2008). 
The Impact of Past Growth on Poverty in Chinese Provinces. Named one of the Journal of Asian Economics' "Top 25 Hottest Articles" in the category of economics, econometrics and finance. 
Journal of Asian Economics, 
19(4), 
348-357. 
*

Chambers, D., Wu, Y., & Yao, H. 
(2008). 
A Tale of Two Provinces: How Growth Can Help or Hinder Equality in China? 
International Research Journal of Finance & Economics, 
Issue 12, 
214-219. 
*

Chambers, D. 
(2007). 
Trading places: Does past growth impact inequality? 
Journal of Development Economics, 
82(1), 
257-266. 
*

* * *

Please send any updates to smfridie@salisbury.edu.

•  Four Perdue Faculty Present at 2007 Pacific Rim Conference
  Tuesday, February 13, 2007
   
•  Six Earn 2006 SU Faculty Mentor Awards
  Thursday, September 28, 2006
   
•  SU Announces 22 New Faculty
  Friday, September 10, 2004
   

Visit the Press & Publications site for more information.

2012 Winter

• ECON 150-601 PRINCIPLES OF ECONOMICS
  A general introduction to economic ideas and analysis with emphasis on economic institutions and processes in the context of a market economy. Includes basic discussion of micro-economic and macroeconomic topics including economic decision making in the context of scarce resources, price theory, monetary and fiscal policy, etc. This course is intended for nonbusiness majors. This course cannot be taken concurrently with or after having completed ECON 211 or 212. Three hours per week. Meets General Education IIIB or IIIC (Prior to Fall 2008: IIB).

2012 Spring

• ECON 150-001 PRINCIPLES OF ECONOMICS
  A general introduction to economic ideas and analysis with emphasis on economic institutions and processes in the context of a market economy. Includes basic discussion of micro-economic and macroeconomic topics including economic decision making in the context of scarce resources, price theory, monetary and fiscal policy, etc. This course is intended for nonbusiness majors. This course cannot be taken concurrently with or after having completed ECON 211 or 212. Three hours per week. Meets General Education IIIB or IIIC (Prior to Fall 2008: IIB).

• ECON 211-457 MICRO-ECONOMIC PRINCIPLES
  Introduction to the ideas and tools economists use to understand human behavior constrained by scarce resources. Analytical tools introduced include supply and demand analysis, elasticities, models of perfect and imperfect competition. These tools will be used to study topics such as consumer and producer decision making, taxation, environmental quality and health care. Three hours per week. Meets General Education IIIB or IIIC (Prior to Fall 2008: IIB).

• ECON 212-607 MACRO-ECONOMIC PRINCIPLES
  Explores forces behind business consumer purchases, capital spending and the balance of payments and their relationship to unemployment, inflation and the value of the dollar abroad. Also examines the effect of government spending, taxation and money supply policies on the economy's performance. Prerequisite: ECON 211. Three hours per week. Meets General Education IIIB or IIIC (Prior to Fall 2008: IIB).

Visit the GullNet Logon Page to logon and view the entire schedule of classes.

2012 Winter

• FINA 311-002 FINANCIAL MANAGEMENT
  Addresses fundamental concepts in financial management such as security markets, interest rates, taxes, risk analysis, time value of money, valuation models and related global issues. Explains how financial managers help maximize the value of a firm by making capital budgeting, cost of capital and capital structure decisions. Prerequisites: Majors: admission to the professional program, ECON 211, ECON 212. Minors or others: junior status, ACCT 201, MATH 155, ECON 150 or ECON 211. Three hours per week.

2012 Spring

• FINA 311-002 FINANCIAL MANAGEMENT
  Addresses fundamental concepts in financial management such as security markets, interest rates, taxes, risk analysis, time value of money, valuation models and related global issues. Explains how financial managers help maximize the value of a firm by making capital budgeting, cost of capital and capital structure decisions. Prerequisites: Majors: admission to the professional program, ECON 211, ECON 212. Minors or others: junior status, ACCT 201, MATH 155, ECON 150 or ECON 211. Three hours per week.

• FINA 311-005 FINANCIAL MANAGEMENT
  Addresses fundamental concepts in financial management such as security markets, interest rates, taxes, risk analysis, time value of money, valuation models and related global issues. Explains how financial managers help maximize the value of a firm by making capital budgeting, cost of capital and capital structure decisions. Prerequisites: Majors: admission to the professional program, ECON 211, ECON 212. Minors or others: junior status, ACCT 201, MATH 155, ECON 150 or ECON 211. Three hours per week.

• FINA 445-001 FINANCIAL INSTITUTI & MARKETS
  Examines the structure and functions of depository and non-depository financial institutions, the money and capital markets, and the role of government in the financial markets. Prerequisite: B or better in FINA 311 or economics major with senior status. Three hours per week.

Visit the GullNet Logon Page to logon and view the entire schedule of classes.

Article(s)

Claggett, T. & Ervin, D. 
(2008). 
International diversification of the lower 400 firms of the S&P 500 Index. 
Southern Business Review, 
33(1), 
29-37. 
*

Claggett, E. T. & Smoluk, H. J. 
(2002). 
Explaining T-Bill term premiums with embedded options. 
The Kentucky Journal of Economics & Business, 
21, 
87-99. 
*

Claggett, E. T. & Stutzman, J. R. 
(2002). 
A Note on international business growth in U. S. multinational firms. 
Southern Business Review, 
28(1), 
11-19. 
*

* * *

Please send any updates to smfridie@salisbury.edu.

•  Three SU Professors Named Fulbright Scholars
  Friday, July 18, 2008
   
•  Perdue School Students Study Alternative Energy Sources
  Friday, March 23, 2007
   
•  Four Perdue Faculty Present at 2007 Pacific Rim Conference
  Tuesday, February 13, 2007
   
•  Forum Brings Delmarva Energy Issues to Light
  Friday, October 13, 2006
   

Visit the Press & Publications site for more information.

• ECON 211-008 MICRO-ECONOMIC PRINCIPLES
  Introduction to the ideas and tools economists use to understand human behavior constrained by scarce resources. Analytical tools introduced include supply and demand analysis, elasticities, models of perfect and imperfect competition. These tools will be used to study topics such as consumer and producer decision making, taxation, environmental quality and health care. Three hours per week. Meets General Education IIIB or IIIC (Prior to Fall 2008: IIB).

• ECON 211-009 MICRO-ECONOMIC PRINCIPLES
  Introduction to the ideas and tools economists use to understand human behavior constrained by scarce resources. Analytical tools introduced include supply and demand analysis, elasticities, models of perfect and imperfect competition. These tools will be used to study topics such as consumer and producer decision making, taxation, environmental quality and health care. Three hours per week. Meets General Education IIIB or IIIC (Prior to Fall 2008: IIB).

• ECON 305-001 INTERMEDIATE MACRO-THEORY
  Study of the theory of economic aggregates through the use of national income accounts to determine the effect of certain key variables on employment and production. Key variables studied include savings and investment, the quantity of money, the velocity of money, the rate of interest and consumption. Prerequisites: C or better in ECON 211, ECON 212; MATH 155 and MATH 160 (or MATH 201). Three hours per week.

Visit the GullNet Logon Page to logon and view the entire schedule of classes.

Article(s)

Emerson, J. 
(2007). 
Cointegration of analysis & the choice of lag length 
Applied Economics Letters, 
14(12), 
881-885. 
*

* * *

Please send any updates to smfridie@salisbury.edu.

• FINA 311-001 FINANCIAL MANAGEMENT
  Addresses fundamental concepts in financial management such as security markets, interest rates, taxes, risk analysis, time value of money, valuation models and related global issues. Explains how financial managers help maximize the value of a firm by making capital budgeting, cost of capital and capital structure decisions. Prerequisites: Majors: admission to the professional program, ECON 211, ECON 212. Minors or others: junior status, ACCT 201, MATH 155, ECON 150 or ECON 211. Three hours per week.

• FINA 311-007 FINANCIAL MANAGEMENT
  Addresses fundamental concepts in financial management such as security markets, interest rates, taxes, risk analysis, time value of money, valuation models and related global issues. Explains how financial managers help maximize the value of a firm by making capital budgeting, cost of capital and capital structure decisions. Prerequisites: Majors: admission to the professional program, ECON 211, ECON 212. Minors or others: junior status, ACCT 201, MATH 155, ECON 150 or ECON 211. Three hours per week.

• FINA 440-002 CORPORATE FINANCE
  Study of corporate financial policy issues within the context of value creation. Topics include in-depth analysis of advanced capital budgeting methods, capital structure policy, dividend policy, derivatives and hedging risk within the context of corporate financial policy. Case studies, application-oriented articles and daily media reports used to bridge the academic/theoretical arguments to the real life problems/situations. Prerequisite: B or better in FINA 311. Three hours per week.

Visit the GullNet Logon Page to logon and view the entire schedule of classes.

Article(s)

Claggett, T. & Ervin, D. 
(2008). 
International diversification of the lower 400 firms of the S&P 500 Index. 
Southern Business Review, 
33(1), 
29-37. 
*

McDermott, E. P. & Ervin, D. M. 
(2005). 
The influence of procedural & distributive variables on settlement rates in employment discrimination mediation. 
Journal of Dispute Resolution, 
1, 
45. 
*

Smith, K. J., Ervin, D. M., & Davy, J. A. 
(2003). 
An examination of the antecedents of cheating among finance students 
Journal of Financial Education, 
13-33. 
*

Awards(s)

Danny Ervin (2010). Wilson H. Elkins Professorship - University System of Maryland (USM).
*

* * *

Please send any updates to smfridie@salisbury.edu.

•  Two SU Faculty Earn $80K USM Elkins Professorships
  Monday, August 17, 2009
   
•  ShoreENERGY™ Hosts 'Energy Forecast' April 13
  Wednesday, April 11, 2007
   
•  Perdue School Students Study Alternative Energy Sources
  Friday, March 23, 2007
   
•  Forum Brings Delmarva Energy Issues to Light
  Friday, October 13, 2006
   

Visit the Press & Publications site for more information.

• ECON 211-001 MICRO-ECONOMIC PRINCIPLES
  Introduction to the ideas and tools economists use to understand human behavior constrained by scarce resources. Analytical tools introduced include supply and demand analysis, elasticities, models of perfect and imperfect competition. These tools will be used to study topics such as consumer and producer decision making, taxation, environmental quality and health care. Three hours per week. Meets General Education IIIB or IIIC (Prior to Fall 2008: IIB).

• ECON 211-002 MICRO-ECONOMIC PRINCIPLES
  Introduction to the ideas and tools economists use to understand human behavior constrained by scarce resources. Analytical tools introduced include supply and demand analysis, elasticities, models of perfect and imperfect competition. These tools will be used to study topics such as consumer and producer decision making, taxation, environmental quality and health care. Three hours per week. Meets General Education IIIB or IIIC (Prior to Fall 2008: IIB).

• ECON 306-001 INTERMEDIATE MICRO-THEORY
  Study of supply and demand relationships under the various market classifications. Major topics include the market forms, the principles of production, costs of production, resource allocation and income distribution with some discussion of welfare economics. Prerequisites: C or better in ECON 211, ECON 212; MATH 155 and MATH 160 (or MATH 201). Three hours per week.

Visit the GullNet Logon Page to logon and view the entire schedule of classes.

Article(s)

Hill, B. & Caviglia-Harris, J. 
(In Press). 
Assessment plan & design: A model for enhancing instruction in economics courses. 
International Review of Economics Education, 
*

Hill, B. & Deskins, J. 
(In Press). 
Have state tax interdependencies changed over time? 
Public Finance Review, 
*

Hill, B., Deskins, J. & Deskins, S. 
(In Press). 
How do state arts appropriations affect state economic growth? 
Review of Regional Studies, 
*

Hill, B. C. & Deskins, J. 
(2010). 
State taxes & economic activity revisited: Have distortions changed? 
The Annals of Regional Science, 
44(2), 
331-348. 
*

Hill, B., Deskins, J. & Ullrich, L. 
(2010). 
Education spending & growth: Are all dollars created equal? 
Economic Development Quarterly, 
24(1), 
45-59. 
*

Hill, B. C., Bruce, D., Deskins, J. & Rork, J. 
(2009). 
(Small) business activity & state economic growth: Does size matter? 
Regional Studies, 
43(2), 
*

Hill, B. 
(2008). 
Agglomerations & strategic tax competition. 
Public Finance Review, 
36(6), 
651-677. 
*

Hill, B. & Murray, M. 
(2008). 
Interactions between welfare caseloads & local labor markets. 
Contemporary Economic Policy, 
26(4), 
539-554. 
*

* * *

Please send any updates to smfridie@salisbury.edu.

2012 Winter

• FINA 447-601 INTERNATIONAL FINANC MANAG
  Analysis of the foreign exchange markets, exchange rate behavior and risk management, international trade financing, country risk analysis, international banking and the role of direct foreign investment. Prerequisite: B or better in FINA 311. Three hours per week.

2012 Spring

• FINA 447-601 INTERNATIONAL FINANC MANAG
  Analysis of the foreign exchange markets, exchange rate behavior and risk management, international trade financing, country risk analysis, international banking and the role of direct foreign investment. Prerequisite: B or better in FINA 311. Three hours per week.

• FINA 447-602 INTERNATIONAL FINANC MANAG
  Analysis of the foreign exchange markets, exchange rate behavior and risk management, international trade financing, country risk analysis, international banking and the role of direct foreign investment. Prerequisite: B or better in FINA 311. Three hours per week.

• FINA 626-601 MANAGERIAL FINANCE
  A review of financial theory and techniques. Topics include capital acquisition, risk analysis, use of the capital asset pricing model, advanced capital budgeting and multinational corporate finance. Prerequisites: Admission to the MBA program; completion of IVY Software Finance Assessment; FINA 311 or equivalent with a C or better; ACCT 618. Four hours per week for half a semester.

Visit the GullNet Logon Page to logon and view the entire schedule of classes.

Article(s)

Khazeh, K., Winder, R. C., & Salimian, F. 
(2011). 
Measuring Transaction Exposure Using Value at Risk: Lexicographic Permutation of a Five-Currency Portfolio. 
Journal of Business & Behavioral Sciences, 
23(3), 
35-43. 
*

Khazeh, K. & Winder, R. C. 
(2010). 
An Inter-Temporal Comparison of Transaction Exposure & Value at Risk. 
Journal of Current Research in Global Business, 
13 (20), 
15-25. 
*

Khazeh, K. & Winder, R. C. 
(2007). 
Hedging transactions exposure through options & money markets: Empirical findings. 
The Multinational Business Review, 
14(1), 
79-91. 
*

Khazeh, K., Winder, R. C., Landau, C. & Mathias, H. 
(2006). 
How effective are the effective rates: A long-term view of short-term asset & liability management (Post-Curo empirical findings). 
Journal of Business & Behavioral Sciences, 
(Fall), 
87-94. 
*

Decker, W. H., Winder, R. C., & Khazeh, K. 
(2005). 
The inclination to switch banks as a function of customer age & bank size. 
Review of Business Research, 
72-83. 
*

Khazeh, K. and Kincaid, J. F. 
(2002). 
A Long-term view of short-term asset/liability management using foreign currency: Empirical findings. 
The Derivatives Risk Management Service, 
(August), 
4M1-14. 
*

Khazeh, K. and Winder, R. C. 
(2001). 
Managing transaction exposure through forward & money markets. 
The Derivatives Risk Management Service, 
(August), 
4L1-14. 
*

Khazeh, K. & Winder, R. C. 
(2000). 
To cover or not to cover: Empirical findings of a potential foreign financing. 
The Derivatives Risk Management Service, 
(June), 
4H1-13. 
*

Khazeh, K. and Winder, R. C. 
(2000). 
Short-term asset/liability management using foreign currency. 
The Derivatives Risk Management Service, 
(December), 
4I1-14. 
*

Khazeh, K. and Winder, R. C. 
(2000). 
Locational arbitrage & bid ask spreads in the market for foreign exchange. 
The Derivatives Risk Management Service, 
(April), 
5I1-8. 
*

Khazeh, K., Winder, R. C. & Decker, W. H. 
(1996). 
An analysis of attitudes toward the banking system. 
Bankers Magazine, 
179(6), 
55-62. 
*

Winder, R. C., Khazeh, K., & Decker, W. H. 
(1996). 
Demographics & bank selection decisions. 
The Community Banker - Second Quarter, 
1996, 
32-37. 
*

Khazeh, K., Winder, R. C. & Decker, W. H. 
(1994). 
The effects of the 1987 stock market crash on the small investor: Perception vs. reality. 
New York Economic Review: Journal of the New York State Economics Association, 
25, 
55-62. 
*

Khazek, K., & Decker, W. H. 
(1994). 
Mortgage lender selection: Location differences in consumer preferences. 
Real Estate Finance: The Quarterly Review of Commercial Finance Techniques, 
11(2), 
32-35. 
*

Khazeh, K. & Decker, W. H. 
(1992). 
How customers choose banks. 
Journal of Retail Banking, 
14(4), 
41-44. 
*

Khazeh, K., Decker, W. H., Winder, R. C., & Neat, M. T. 
(1991). 
Who has ARMs? 
Real Estate Finance: The Quarterly Review of Commercial Finance Techniques, 
7(4), 
57-60. 
*

Khazeh, K. & Clark, D. P. 
(1990). 
A case study of effects of developing country integration on trade flows: The Andean Pact. 
Journal of Latin American Studies, 
22(2), 
317-330. 
*

Khazeh, K., Decker, W. H., & Winder, R. C. 
(1990). 
Consumer preferences toward adjustable & fixed rate mortgages. 
Real Estate Finance: The Quarterly Review of Commercial Finance Techniques, 
7(2), 
65-70. 
*

Awards(s)

Kashi Khazeh (2004). Faculty Appreciation Award - Salisbury University Alumni Association, Salisbury, MD.
*

Kashi Khazeh (2003). Best Paper Award, Finance & Economic Track - Southeast Decision Sciences Institute, Williamsburg, VA.
*

Presentations

Khazeh, K., Winder, R. C. & Salimian, F. (2010). Measuring transaction exposure using value at risk: An application of a five-currency portfolio. Presented at the annual conference of Northeast Decision Sciences Institute. Presented at Northeast Decision Sciences Institute, Alexandria, VA.
*

Winder, R. C. & Khazeh, K. (2009). A comparison of approaches to estimating transaction exposure & value at risk. Presented at the 45th annual meeting of SE INFORMS. Presented at Southeast Institute for Operations Research & the Management Sciences (SE INFORMS), Myrtle Beach, SC.
*

Khazeh, K. & Winder, R. (2008). Measuring transaction exposure using value at risk: A comparison of two different time periods. Presented at Annual Meeting of the Association for Global Business, Newport Beach, CA.
*

Khazeh, K. & Winder, R. (2008). Transaction exposure & value at risk: A practical application for MNCs. Presented at Southeast Institute for Operations Research & the Management Sciences (SEINFORMS), Myrtle Beach, SC.
*

Khazeh, K. &  Kincaid, J. (2005). How Effective are the Effective Rates: A Long-Term View of Short-Term Asset & Liability Management (empirical findings) Presented at National Business & Economics Society, Key West, FL.
*

Khazeh, K. (2004). To Hedge or not to Hedge Transaction Exposure through Currency Options: Empirical Findings Presented at Hawaii International Conference on Business, Honolulu, HI.
*

Khazeh, K. & Winder, R. C. (2003). Hedging Transaction Exposure through Options & Money Markets: Empirical Findings Presented at AIB-Northeast Annual Conference, Salisbury-Ocean City, MD.
*

Khazeh, K. & Winder, R. C. (2003). To Hedge or Not to Hedge Transaction Exposure through Money Markets: Empirical Findings Presented at European Applied Business Research Conference, Venice, Italy.
*

Khazeh, K. (2001). Transaction Exposure Management: Forward Hedge, Money Market Hedge or Both: Empirical Findings Presented at 8th Annual Annual Global Finance Conference, Los Angeles, CA.
*

Khazeh, K., Kincaid, J. & Rotondo, D. (2001). Effective Financing Rate & Investment Yield Using Foreign Currency: Empirical Findings Presented at Hawaii Conference on Business, Honolulu, HI.
*

* * *

Please send any updates to smfridie@salisbury.edu.

• Khazehs Assist Chinese University With Finance Class, Alumni Relations
  Friday, August 20, 2010
   
•  Khazeh, SU Alums Publish 'Effective' Rate Study Findings
  Thursday, March 29, 2007
   

Visit the Press & Publications site for more information.

• FINA 311-156 FINANCIAL MANAGEMENT
  Addresses fundamental concepts in financial management such as security markets, interest rates, taxes, risk analysis, time value of money, valuation models and related global issues. Explains how financial managers help maximize the value of a firm by making capital budgeting, cost of capital and capital structure decisions. Prerequisites: Majors: admission to the professional program, ECON 211, ECON 212. Minors or others: junior status, ACCT 201, MATH 155, ECON 150 or ECON 211. Three hours per week.

Visit the GullNet Logon Page to logon and view the entire schedule of classes.

• FINA 449-001 PRACTICUM IN PORTFOL MANAG
  Practical experience in managing an investment portfolio in a teamwork environment, with emphasis on economic, industry and company analysis; report preparation; security selection; daily decision making; record keeping; and performance evaluation. Students will be responsible for making all material decisions in managing the Perdue School Student Management Investment Fund and will interact regularly with external advisors for feedback on their research Completion of this course satisfies the ABLE requirement. May be repeated for an additional three hours credit. Prerequisite: FINA 441 and consent of instructor. Three hours per week.

• FINA 490-601 FINANCE INTERNSHIP
  Intern experience in finance. May be used as a business concentration/track elective if approved by the school dean. Prerequisites: Finance major; FINA 311 with a B or better grade; placement approval and permission of the department chair; completion of ABLE office administrative requirements. Three hours per week.

• FINA 491-601 ADVANCED FINANC INTERNSHIP
  Research associated with an internship experience in finance. Prerequisites: FINA 490 or completion of one to three hours per week ABLE requirement, placement approval and permission of the department chair, completion of ABLE administrative requirements. One to three hours per week.

Visit the GullNet Logon Page to logon and view the entire schedule of classes.

Article(s)

Manakyan, H. 
(2007). 
Establishing linkages to an introductory finance course in real estate electives. 
Journal of Financial Education, 
33, 
87-95. 
*

Liano, K., Huang, G. C. & Manakyan, H. 
(2003). 
Market reaction to open market stock repurchases & industry affiliation. 
Quarterly Journal of Business & Economics, 
42(1&2), 
97-120. 
*

Redman, A. L., Tanner, J. R. and Manakyan, H. 
(2002). 
Corporate real estate financing methods: A Statistical study of corporations' choices. 
Journal of Corporate Real Estate, 
4(2), 
169-186. 
*

Manakyan, H. & Liano, K. 
(2001). 
Performance of focused mutual funds. 
Journal of Business & Economic Perspectives, 
27(1), 
91-101. 
*

Manakyan, H., Liano, K. and Huang, G. C. 
(2000). 
An Alternataive explanation of the market reaction to dividend changes. 
Advances in Financial Planning & Forecasting, 
9, 
253-278. 
*

Redman, A. L., Gullett, N. S. and Manakyan, H. 
(2000). 
The Performance of global & international mutual funds. 
Journal of Financial & Strategic Decisions, 
13(1), 
75-85. 
*

Liano, K., Liano, K. & Manakyan, H. 
(1999). 
Presidential administrations & day-of-the-week effect in stock returns. 
Review of Financial Economics, 
8, 
93-99. 
*

Redman, A. L., Manakyan, H. & Tanner, J. R. 
(1999). 
A normalized citation analysis of real estate journals. 
Real Estate Economics, 
27(1), 
169-182. 
*

* * *

Please send any updates to smfridie@salisbury.edu.

• Dr. Ying Wu Travels to China as Fulbright Scholar
  Wednesday, August 25, 2010
   

Visit the Press & Publications site for more information.

2012 Winter

• ECON 211-601 MICRO-ECONOMIC PRINCIPLES
  Introduction to the ideas and tools economists use to understand human behavior constrained by scarce resources. Analytical tools introduced include supply and demand analysis, elasticities, models of perfect and imperfect competition. These tools will be used to study topics such as consumer and producer decision making, taxation, environmental quality and health care. Three hours per week. Meets General Education IIIB or IIIC (Prior to Fall 2008: IIB).

2012 Spring

• ECON 211-156 MICRO-ECONOMIC PRINCIPLES
  Introduction to the ideas and tools economists use to understand human behavior constrained by scarce resources. Analytical tools introduced include supply and demand analysis, elasticities, models of perfect and imperfect competition. These tools will be used to study topics such as consumer and producer decision making, taxation, environmental quality and health care. Three hours per week. Meets General Education IIIB or IIIC (Prior to Fall 2008: IIB).

• ECON 441-001 INTERNATIONAL ECONOMICS
  Study of the basic economic concepts and theories for international business, international trade and finance, commercial policy, and foreign investment and multinational firms. Prerequisites: C or better in ECON 211, ECON 212 and MATH 155. Three hours per week.

• ECON 441-002 INTERNATIONAL ECONOMICS
  Study of the basic economic concepts and theories for international business, international trade and finance, commercial policy, and foreign investment and multinational firms. Prerequisites: C or better in ECON 211, ECON 212 and MATH 155. Three hours per week.

Visit the GullNet Logon Page to logon and view the entire schedule of classes.

• ECON 212-006 MACRO-ECONOMIC PRINCIPLES
  Explores forces behind business consumer purchases, capital spending and the balance of payments and their relationship to unemployment, inflation and the value of the dollar abroad. Also examines the effect of government spending, taxation and money supply policies on the economy's performance. Prerequisite: ECON 211. Three hours per week. Meets General Education IIIB or IIIC (Prior to Fall 2008: IIB).

• FINA 312-001 RISK MGMT & INSURANCE
  Examines principles and practices of asset and income conservation for businesses and individuals through various risk-management techniques including insurance. Prerequisite: B or better in FINA 311. Three hours per week.

Visit the GullNet Logon Page to logon and view the entire schedule of classes.

• FINA 104-001 PERSONAL FINANCE
  Comprehensive survey of personal financial topics including budgeting; borrowing; savings and investments; life, health and casualty insurance; and home buying. Emphasis on lifetime economic cycle. Three hours per week.

• FINA 446-001 RETIREMENT PLANNING
  Introduces the student to the study and application of contemporary techniques for individual retirement planning. The instruction will include the retirement field as a profession, as well as the personal financial planning process (budgeting, emergency fund planning, credit and debt management) and personal financial statements. Other specific topics covered include the social security system, Medicare, defined benefit plans versus defined contribution plans, vesting, tax effects of investing, qualified versus nonqualified plans, and tax-advantaged retirement plans (401K, 403b, etc. accounts). Prerequisite: B or better on FINA 311. Three hours per week.

Visit the GullNet Logon Page to logon and view the entire schedule of classes.

• ECON 212-005 MACRO-ECONOMIC PRINCIPLES
  Explores forces behind business consumer purchases, capital spending and the balance of payments and their relationship to unemployment, inflation and the value of the dollar abroad. Also examines the effect of government spending, taxation and money supply policies on the economy's performance. Prerequisite: ECON 211. Three hours per week. Meets General Education IIIB or IIIC (Prior to Fall 2008: IIB).

• ECON 610-151 MONEY & BNKNG & MACROECON
  Examines a policy-oriented approach to analyzing the financial and monetary systems of the U.S. economy with focus on the Fed's monetary policy decisions. Includes examining the financial system and the role of money, the present value formula, interest rate risks, term structure of interest rates, real interest rates, and the commercial banking system and its regulation. Introduces money demand, international economic interdependence and the role of exchange rates in trade and financial international economic interdependence and the role of exchange rates in trade and financial flows. Culminates in the study of the Fed's monetary control process, monetary policy instruments, functioning of the federal funds market, and rules for monetary policy. Prerequisites: Admission to the MBA program; completion of ECON 211 or ECON 150 or their equivalents with a C or better. Four hours for half a semester.

Visit the GullNet Logon Page to logon and view the entire schedule of classes.

Article(s)

Wu, Y. 
(In press). 
Exchange rates & prices under processing trade: A macroeconomic analysis. 
Atlantic Economic Journal, 
*

Wu, Y. 
(2009). 
Measuring China's monetary sterilization & autonomy in the era of globalization: 1995-2005. 
Journal of Asian Economics, 
20(3), 
336-347. 
*

Chambers, D. L., Wu, Y. & Yao, H. 
(2008). 
The Impact of Past Growth on Poverty in Chinese Provinces. Named one of the Journal of Asian Economics' "Top 25 Hottest Articles" in the category of economics, econometrics and finance. 
Journal of Asian Economics, 
19(4), 
348-357. 
*

Chambers, D., Wu, Y., & Yao, H. 
(2008). 
A Tale of Two Provinces: How Growth Can Help or Hinder Equality in China? 
International Research Journal of Finance & Economics, 
Issue 12, 
214-219. 
*

Wu,Y. 
(2008). 
A Macroeconomic Analysis of Foreign Assets & Foreign Liabilities. 
Journal of Economics & Finance, 
32(2), 
119-135. 
*

Wu, Y. & Yao, H. 
(2007). 
Labor Leasing, Direct Hiring, & Efficiency Wages. 
International Journal of Applied Economics, 
4(2), 
46-61. 
*

Wu, Y. 
(2006). 
The RMB exchange rate & monetary sterilization in. 
China: An International Journal, 
4(1), 
32-59. 
*

Wu, Y. & Chengyu, Q. 
(2006). 
Pay, Training, & Quitting: A Contract Model. 
China Industrial Economy, 
23(12), 
113-119. 
*

Wu, Y. & Yao, H. 
(2006). 
Entrepreneurs & Professionals: Their Relative Supplies & Returns - A Perspective from Economic Growth. 
International Journal of Applied Economics, 
3(2), 
21-39. 
*

Wu, Y. 
(2005). 
A Modified Currency Board System: Theory & Evidence. 
Journal of International Financial Markets, Institutions, & Money, 
15(4), 
353-367. 
*

Wu, Y. 
(2005). 
Determining a Modified Currency Board's Two-Period Exchange Rate Strategy. 
International Advances in Economic Research, 
11(4), 
347-357. 
*

Ng, Y. & Wu, Y. 
(2004). 
Multiple Equilibria & Interfirm Macro-Externality: An Analysis of Sluggish Real Adjustment. 
Annals of Economics & Finance, 
5(1), 
61-77. 
*

Wu, Y. 
(2004). 
Singapore's Collective Bargaining in a Game of Wage & Exchange Rate Policies. 
Open Economies Review, 
15(3), 
273-289. 
*

Wu, Y., Goh, K. H., & Lee, B. K. 
(2004). 
The Interplay of Wage & Exchange Rate Policies in Singapore: A Case of Collective Bargaining in Macroeconomic Management. 
Contemporary Economic Policy, 
22(1), 
39-49. 
*

Wu, Y. and Wang, R. 
(2003). 
Monetary sterilization of capital inflows through the Central-Provident-Fund Savings in Singapore. 
Review of Pacific Basin Financial Markets & Policies, 
6(1), 
65-86. 
*

Wu, Y. 
(1999). 
Exchange rate & wage movements under quasi-sterilization: Singapore experience. 
Pacific Economic Review, 
4(2), 
185-201. 
*

Wu, Y. 
(1999). 
More on monetary policy in a small open economy: A credit view. 
International Review of Economics & Finance, 
8, 
223-235. 
*

Awards(s)

Ying, W. (2009). Best Paper Award, Economics Category - Academy of Economics & Finance.
*

Presentations

Wu, Y. (2010). Will RMB appreciation reduce China's exports? - A perspective from processing trade. Presented at the Academy of Economics & Finance annual meeting. Presented at Academy of Economics & Finance, Houston, TX.
*

Wu, Y. (2010). Revisiting the Marshall-Lerner condition from processing trade: China experience. Presentation at the 18th annual conference on Pacific Basin Finance, Economics, Accounting, & Management (PBFEAM): "Pacific impact on global economy recovery," at the Graduate University of Chinese Academy of Sciences. Presented at Pacific Basin Finance, Economics, Accounting, & Management (PBFEAM), Beijing, China.
*

Wu, Y. & Yao, H. (2010). Does macroeconomic policy affect poverty & income inequality? Presentation at the 18th annual conference of Pacific Basin Finance, Economics, Accounting, & Management (PBFEAM): "Pacific Impact on Global Economy Recovery," at the Graduate University of Chinese Academy of Sciences. Presented at Pacific Basin Finance, Economics, Accounting, & Management (PBFEAM), Beijing, China.
*

Wu, Y. & Chu, Y. (2009). Determinants of U.S. consumption expenditures: 1999-2008. Presented at the Academy of Economics & Finance annual meeting. Presented at Academy of Economics & Finance, Pensacola, FL.
*

Wu, Y. & Yao, H. (2009). Credit multiplier effects of foreign exchange reserves under monetary sterilization & capital adequacy constraints: A preliminaray analysis & evidence from China (2002-2008). Presented at the RCIE annual conference "China & the World Economy," University of International Business & Economics. Presented at RCIE, Beijing, China.
*

Wu, Y. (2008). A macroeconomic analysis of foreign assets & foreign liabilities. Presented at American Committee for Asian Economic Studies (ACAE), Bologna, Italy.
*

Wu, Y. (2006). Revisiting Singapore's exchange rate & public debt policies before the Asian financial crisis. Presented at the Academy of Economics & Finance Annual Meeting. Presented at Academy of Economics & Finance, Houston, TX.
*

Wu, Y. (2006). A cointegration analysis of monetary endogeneity in China: 1995-2005. Presented at the 60th International Atlantic Economic Conference. Presented at International Atlantic Economic Conference, Berlin, Germany.
*

Wu, Y. (2006). Comparing outsourcing with labor leasing. Presented at the Academy of Economics & Finance Annual Meeting. Presented at Academy of Economics & Finance Annual Meeting, Houston, TX.
*

Book Chapters

Wu, Y. (2006). On the Intertemporal Sustainability of Fiscal Debt in China. The Chinese Economy after WTO Accession. (111-124.) Aldershot & Burlington: Ashegate Publishing.
*

Wu, Y. (2006). Policy Cooperation between Wage & Exchange Rates in Singapore. Encyclopedia of Finance (715-723.) Springer.
*

Wu, Y. (2006). Equilibrium Credit Rationing & Monetary Nonneutrality in a Small Open Economy. Encyclopedia of Finance. (705-714.) Springer.
*

* * *

Please send any updates to smfridie@salisbury.edu.

• Dr. Ying Wu Travels to China as Fulbright Scholar
  Wednesday, August 25, 2010
   
•  Dr. Ying Wu Earns 2007 SU Distinguished Faculty Award
  Tuesday, September 11, 2007
   
•  Four Perdue Faculty Present at 2007 Pacific Rim Conference
  Tuesday, February 13, 2007
   
•  Perdue School Students Finalists in 2006 College Fed Challenge
  Tuesday, November 21, 2006
   
•  Perdue School Professor, Ying Wu, Awarded 2000 Millennium Medal of Honor
  Tuesday, April 27, 1999
   

Visit the Press & Publications site for more information.

• ECON 211-003 MICRO-ECONOMIC PRINCIPLES
  Introduction to the ideas and tools economists use to understand human behavior constrained by scarce resources. Analytical tools introduced include supply and demand analysis, elasticities, models of perfect and imperfect competition. These tools will be used to study topics such as consumer and producer decision making, taxation, environmental quality and health care. Three hours per week. Meets General Education IIIB or IIIC (Prior to Fall 2008: IIB).

• ECON 211-005 MICRO-ECONOMIC PRINCIPLES
  Introduction to the ideas and tools economists use to understand human behavior constrained by scarce resources. Analytical tools introduced include supply and demand analysis, elasticities, models of perfect and imperfect competition. These tools will be used to study topics such as consumer and producer decision making, taxation, environmental quality and health care. Three hours per week. Meets General Education IIIB or IIIC (Prior to Fall 2008: IIB).

• ECON 381-001 LABOR ECONOMICS
  Examination of factors which influence the number of job seekers and the number of jobs in the aggregate, and the efficiency with which the economic system utilizes its labor resources. Topics include individual decision-making with regard to education, job search strategy and hours of work as well as government policies affecting labor compensation, welfare and the right to bargain collectively. Prerequisites: C or better in ECON 211, ECON 212; MATH 155, and MATH 160 (or 201). Three hours per week.

Visit the GullNet Logon Page to logon and view the entire schedule of classes.

Article(s)

Chambers, D. L., Wu, Y. & Yao, H. 
(2008). 
The Impact of Past Growth on Poverty in Chinese Provinces. Named one of the Journal of Asian Economics' "Top 25 Hottest Articles" in the category of economics, econometrics and finance. 
Journal of Asian Economics, 
19(4), 
348-357. 
*

Chambers, D., Wu, Y., & Yao, H. 
(2008). 
A Tale of Two Provinces: How Growth Can Help or Hinder Equality in China? 
International Research Journal of Finance & Economics, 
Issue 12, 
214-219. 
*

Wu, Y. & Yao, H. 
(2007). 
Labor Leasing, Direct Hiring, & Efficiency Wages. 
International Journal of Applied Economics, 
4(2), 
46-61. 
*

Wu, Y. & Yao, H. 
(2006). 
Entrepreneurs & Professionals: Their Relative Supplies & Returns - A Perspective from Economic Growth. 
International Journal of Applied Economics, 
3(2), 
21-39. 
*

* * *

Please send any updates to smfridie@salisbury.edu.