Fall 2010

Thursday, September 24, 2010 5:15 to 6:45 p.m.
Lecture 1 of 3
Engineering 189
"Somalia after State Collapse: Chaos or Improvement?"
Dr. Benjamin Powell
Suffolk University

Many people believe Somalia has been in a state of chaotic anarchy since its government collapsed in 1991. Dr. Powell's research shows that although Somalia is very poor, it has actually been growing faster since the state collapsed and has improved relative to the sub-Saharan average. How is enough law and order provided to form a foundation for growth? What threats do pirates pose? What lessons from Somalia could be relevant for other African countries?

Ben Powell is Assistant Professor of Economics at Suffolk University and Senior Economist at the Beacon Hill Institute in Boston. He has broad research interests that include the economics of housing, development and economic growth, outsourcing and sweatshops, and entrepreneurship. He has published three books including Housing America, edited with Randall Holcombe and Making Poor Nations Rich along with dozens of referenced and mainstream economic articles. Ben has also participated in several televised discussions including a recent debate over farm subsidies on CNBC. He received a B.S. from the University of Massachusetts Lowell and a Ph.D. in Economics from George Mason University. Prior to his appointment at Suffolk, Ben was an Assistant Professor at San Jose State University.

Thursday, October 28 , 2010
Lecture 2 of 3
Morris Dailey Auditorium
"Climate Change or Ad Hoc Management" The Effect of Discretionary Decision-Making on alaska's Oil Exploration Season
Sherri Wall
Instructor in the School of Management, the University of Alaska Fairbanks

From 1970 until the 2004, the length of the winter tundra travel season allowing oil exploration on Alaska's North Slope declined 100 days. The narrowing operating window, attributed to climate change, posed a threat to the fiscal stability of the State of Alaska and the energy security of the United States. The Department of Natural Resources (DNR) is responsible for making the yearly determination if conditions are suitable to declare a “general tundra opening” for winter exploration. A review of DNR's management history in conjunction with a statistical analysis of available scientific data implies that a large percentage of the declining season was due to ad hoc management rather than climate change.

Sherri Wall is a Natural Resource Economist from the University of Alaska Fairbanks and has researched on fire management and oil exploration in Alaska. She is the founder and faculty advisor for SWEET (students who enjoy economic thinking) at UAF which hosts weekly discussions and a lecture series. She is also the faculty advisor for UAF's SIFE (students in free enterprise) team which has won two Regional Championships. Her passion is economic education and she recently contracted with McGraw-Hill to co-author two undergraduate economics textbooks. Ms. Wall holds a Bachelor's of Technology and a Master's of Science in Resource and Applied Economics from the University of Alaska Fairbanks. She is currently completing a interdisciplinary Ph.D. in the National Science Foundation's Integrated Graduate Educational Research Trainee (IGERT) Program.

Tuesday, November 16, 2010 5:15 to 6:45 p.m.
Lecture 3 of 3
Morris Dailey Auditorium
The Unintended Consequenses of Financial Regulation
Stephen Brochner, Esq., CEO of Wilson, Sonsini, Goddrich and Rosati, LLP