Johns Hopkins University

Spring 2008
Vol. 5, No.2

NEWS

William R. Brody to Retire from Presidency

Lattman to Lead Hauptman-Woodward Institute

A Learning Lab for Conservation

A Super Bowl He Won't Soon Forget

Student Standouts

Mellon Foundation Boosts Support for Humanities

>The Financial Side of Economics

Writin' About a Revolution

Conversation in Bloom

Admissions by the Numbers

Moving a Mummy, Going Green

Faculty News

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The Financial Side of Economics

An innovative new center in the Department of Economics will deliver new coursework in macroeconomics, microeconomics, corporate finance, investments and portfolio management, and more.

Launched last fall, the Center for Financial Economics (CFE) ultimately will offer an undergraduate major and minor and prepare PhD candidates in financial economics.

Jon Faust, a member of the Arts and Sciences faculty since 2006, is the center’s first director. Faust is an accomplished scholar and leader in the field of finance with nearly 20 years of experience in the Federal Reserve System. A graduate of the University of Iowa, Oxford University, and the University of California at Berkeley, Faust serves as an ongoing advisor to the Federal Reserve Board and is widely published in scholarly journals on a broad range of topics at the intersection of finance and macroeconomics.

Faust’s recent appointment will allow the school to move forward with “realizing our vision for the Center for Financial Economics,” says James B. Knapp Dean Adam Falk.

That vision is to provide sound and rigorous training in economics and finance and demonstrate how the two facets of the economy are integrated, all within the context of a Hopkins liberal arts education. The center, which may begin offering a minor as early as this fall, will incorporate some courses currently offered by faculty members in the Department of Economics, including Laurence Ball, Stephen Shore, and Tiemen Woutersen.

When fully funded, the CFE will include four faculty members, including the endowed Carl Christ Professor, named in honor of the professor emeritus who is an award-winning teacher and influential scholar in the field of econometrics, and the recently announced Louis J. Maccini Professor, named for the longtime chairman of the department who played a major role in creating the CFE.