Arya B. Gaduh, an associate professor in economics at the Walton College, has been invited to join the Abdul Latif Jameel Poverty Action Lab as an affiliated professor. Continue reading Gaduh Named Abdul Latif Jameel Poverty Action Lab Affiliated Professor
The economies of smaller cities and rural areas in Arkansas might take longer to bounce back from the crisis surrounding the COVID-19 pandemic than the state’s larger metro areas, a University of Arkansas economist says. Continue reading Economies of Smaller Cities, Rural Areas Likely Hardest Hit by COVID-19
Nathaniel Burke, a Ph.D. candidate in the Department of Economics at the Sam M. Walton College of Business at the University of Arkansas, has been awarded a Humane Studies Fellowship for the 2020-2021 academic year by the Institute for Humane Studies at George Mason University.
“This is such a prestigious award,” said Raja Kali, economics department chair. “I am proud of Nathaniel’s economic research regarding college mentoring and student behavior. This work has the potential to create successful college experiences for many.”
Burke will use the award to fund his field experiment which provides free college mentoring within Arkansas. The fellowship will also fund travel and conference attendance.
“The program targets minority, first-generation and underprivileged high school students and tests how information asymmetry and a student’s identity is impacted by different mentoring matches and information framing,” Burke said. “Simply put, I am running an experiment to see how students change their college investment (application) strategies and perceptions based on the identity of a perspective mentor and the relevance of the information to their own identity.”
He will present his findings at a conference presentation or in a peer-reviewed journal by August 31, 2021.
“I am excited that I will have more financial support to expand the college mentoring aspect of my field program and help more students across the state have access to higher education,” Burke said. “This opportunity helps validate that an unbiased third party sees the policy relevance and value in the work I am doing and reaffirms that I am doing desirable research in behavioral economics and the economics of education.”
Burke’s research focuses on behavioral economics and applied microeconomics using experimental methods. He teaches principles of microeconomics and serves as a graduate mentor and graduate assistant. He received a B.A. Economics from Manhattan College, a M.S. Resource and Applied Economics from the University of Alaska Fairbanks and is in progress to complete a Ph.D. in economics from the University of Arkansas.
The Institute for Humane Studies promotes the teaching and research of classical liberal ideas and advances higher education’s core purpose of intellectual discovery and human progress. It is affiliated with George Mason University.
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The Sam M. Walton College of Business at the University of Arkansas is now offering a Master of Science in Economic Analytics, a 10-month program. Classes will begin in fall 2020 and applications are being accepted. Continue reading U of A Now Offering Economic Analytics Master’s Degree
It doesn’t happen often, but there are times when ignorance about something changes one’s life trajectory for the better. Continue reading EPIC Spotlight: Ahmad Shah Mobariz
Sherry Li had one word to say when she first laid eyes on the Walton College’s Behavioral Business Research Lab: “Wow!” Continue reading EPIC Spotlight: Sherry Li
Between the time Hyunseok Jung earned his economics degree and was employed by the South Korean government, he worked for 2½ years at a fire station. Continue reading EPIC Spotlight: Hyunseok Jung
Mervin Jebaraj, director of the Center for Business and Economic Research center at the Sam M. Walton College of Business, has been selected to serve on the board of the Association for University Business and Economic Research.
The Association for University Business and Economic Research is a professional association of leading university-based economic research centers and affiliate organizations across the United States.
“I am excited to represent the University of Arkansas at a national level on AUBER’s board,” Jebaraj said. “This position will allow wonderful collaborations, encourage sharing of best practices and provide the latest in research.”
Kathy Deck, the 2017-18 AUBER president, director of Community and Economic Research Partnerships at the University of Alabama’s Culverhouse College of Business and former Walton College director of the Center for Business and Economic Research center, welcomed new board members.
“The AUBER organization continues to add value for regional economic experts at universities across the United States,” Deck said. “The newly elected board of directors bring their enthusiasm and talent to AUBER and will continue the good work of supporting our membership with vital programming and connection opportunities.”
The board elections were announced October 16 at AUBER’s 2018 conference held in Salt Lake City, Utah, which was hosted by the Kem C. Gardner Policy Institute at the University of Utah.
For more information about AUBER, visit auber.org.
In Memoriam: Thomas Roy McKinnon
April 4, 1935 – August 10, 2018
Soft spoken. Gentle. Athletic. Trusted. Leader. Teacher. Mentor. Friend.
Just a few of the words friends and colleagues used to describe Thomas “Tom” Roy McKinnon, emeritus university professor of economics, who died August 10.
Former colleagues at the Walton College describe McKinnon – known to many as TMac – in glowing terms as they reminisced about their friendship with him and his impact on the college.
“He was just Tom,” said Bill Curington, emeritus university professor of economics and former chair of the Department of Economics. “He always cooperated. If there was a controversy in the department, he looked for solutions. Everybody valued his input.”
“He was the Pied Piper of economics,” said David Gay, retired university professor of economics who worked with McKinnon. “He had a way of getting people to feel comfortable and relax and have a better understanding of economics, to expand their boundaries as teachers or as students.”
McKinnon earned a bachelor’s degree in history and political science from Southern State College (now known as Southern Arkansas University) in 1956. He met his wife Frances there. After a stint in the U.S. Army, McKinnon began his professional career teaching history and social studies in 1959 to high school students in El Dorado. He completed his master’s degree in secondary education from the University of Arkansas in 1960. Within a few years, he became an assistant principal at the high school in El Dorado.
In 1968, McKinnon completed his master’s degree in economics at the University of Illinois. He then moved his family to Oxford, Miss., to earn his Ph.D. in economics from the University of Mississippi in 1972. After earning his doctorate, McKinnon moved back to Fayetteville and began work as an assistant professor of economics at the University of Arkansas. In the process, he made lifelong friends at the School of Business Administration, now known as the Walton College.
A Lasting Legacy
In the late 1960s and early ‘70s, McKinnon worked with Bessie B. Moore, an influential educator and the first executive director of the Arkansas Council on Economic Education, the predecessor to Economics Arkansas. Moore asked McKinnon to assist with economic workshops for teachers and encouraged him to acquire his doctorate.
With his background in secondary education, both as a teacher and an administrator, and his new position as an assistant professor in economics, Moore felt McKinnon would be a strong director for a new economic education center at the university. With that position in mind, Moore recruited McKinnon, who help to found the Center for Economic Education in 1978. He served as the director of the center from 1979 through 2004.
Since 1979, the Bessie B. Moore Center for Economic Education has been training Arkansas teachers to teach primary and secondary students economics through innovative, hands-on workshops, creative curriculums and interactive projects. Countless Arkansans have learned basic economics through the center’s programs.
Now “every kid has to have economics in high school,” Curington said.
“He created a large contingency of informed decision makers,” said Rita Littrell, current director of the Bessie B. Moore Center for Economic Education. “Every student was important.”
In addition to his duties as an economics professor and center director, McKinnon served as the interim dean of the college from 1992 to 1993, prior to Doyle Z. Williams being hired. McKinnon also served as co-director of the Center for Teaching Effectiveness, chair of the re-accreditation team and participated and led numerous college and departmental committees.
McKinnon’s influence reached beyond the college to the university. He served as chair of the Campus Council, co-director of the Center for Teaching and Faculty Support, president of the Teaching Academy and helped to establish the Faculty Senate for the university.
On a national level, McKinnon had an impact on economics through various journals and associations. He served on editorial boards for the Journal of Economics and Finance, Journal of Business Leadership andJournal of the International Associations of Children’s Social and Economic Education. He also served as a reviewer for the Journal of Economic Education, Southwest Economic Review and theForum of the Association of Arid Lands Studies.
People and Places
McKinnon’s life outside the university was just as full with travel, athletics, family, friends and fun. He enjoyed traveling to countries to learn new cultures and meet new people.
McKinnon, often accompanied by his wife Frances, traveled with study abroad and exchange programs to Lithuania, Croatia, Italy, Kazakhstan, Turkey and more. Twice he taught a semester at sea, traveling around the globe.
For several years in the early 1990s, he would join fellow Walton professors for a rim-to-rim hiking excursion in the Grand Canyon the day after commencement.
“He was the strongest hiker among us,” Curington said.
Outside the U.S., McKinnon – at age 76 – hiked Machu Pichu, a 27-mile hike in Peru with a maximum height of 13,776 feet. At age 78, he also hiked sections of the Camino De Santiago pilgrimage, a 500-mile trek in Spain.
In addition to hiking, McKinnon ran three marathons, played baseball and basketball and led Walton College Dead Day Float trips with colleagues on the Buffalo River.
In 1988, McKinnon was chosen to appear on the game show “The Price Is Right,” alongside celebrity Bob Barker, and won a 2-door Subaru coupe. His experience was highlighted in the local paper.
In Tom’s later years, he wrote a book, Footprints in the Sand, for his children and grandchildren about his life as a child. He took art classes so that he could illustrate the book.
“Tom embraced everything,” Littrell said. “Whatever the experience, Tom was going to be part of it. He lived life to the fullest.”
Paying It Forward
Littrell met McKinnon through workshops he held for Arkansas teachers. Working in nearby Springdale, Littrell often assisted him with workshops and seminars, training teachers how to integrate economics into their curriculums.
“I’d been a school administrator four years – I was ready for a change,” Littrell said.
During Doyle Williams’ tenure as dean, McKinnon created a part-time center position for Littrell. He encouraged her to attain her doctorate, just as Bessie Moore had encouraged him to do the same. In 1997, Littrell became the assistant director for the economic education center.
In June 2004, McKinnon retired and Littrell was named his successor as center director in August.
“If you measured your pedigree by your mentors, I would have the highest pedigree,” Littrell said.
McKinnon is survived by his wife of 60 years, Frances, daughters Laura Harrison and Lisa Wilson, son Alex McKinnon and their spouses and children.
“People like Tom are difficult to find,” Gay said. “Find someone like Tom McKinnon. Find them. Get to know them. Treasure them.”