Tag Archives: Economics

TMMBA welcomes 6 new faculty

Sara Jones, TMMBA Assistant Director & Class of 2012

In the past year we have seen the addition of six faculty to the TMMBA teaching team.  Many of them have been repeat recipients of teaching awards and have published well-renowned research in their fields.  We’re very excited to have them as part of the TMMBA experience!  Here’s a little bit on each of our new faculty members and the courses they teach.

Jeff Barden, Assistant Professor of Management

Jeff BardenWhy do some organizations succeed while others fail?  One fundamental answer is strategy.  Students address this question during their second quarter in Competitive Strategy. Starting this year the course is taught by Jeff Barden, who has been at the Foster School since 2005.  Barden leads students through an examination of how managerial action can reinvent competition within existing industries and how the creation and implementation of strategy drives the success of business.  Check out this article for highlights from his paper on the impact of corporate acquisitions on technology adoption.

Edward Rice, Associate Professor of Finance & Business EconomicsEd Rice

Students dive into microeconomic issues their first quarter in TMMBA. Ed Rice began teaching the TMMBA Microeconomics course last quarter. He sees the course as dual purpose. First, it explains the fundamental principles of microeconomics, a theory of how agents interact in individual markets. Second, it shows students how these principles are applied to managerial decisions and firm optimization. Rice has won numerous teaching awards from his students at Foster.

Lance Young, Assistant Professor

Lance YoungLance Young takes students into the world of finance in the TMMBA Corporate Financial Strategy course. Finance deals with how individuals make consumption and saving decisions and how firms make investment and financing decisions. Through his course, Young shares interesting and useful frameworks and techniques that help students develop a competitive advantage over their peers as they progress in their careers. In 2011, Young won the PACCAR Award for Excellence in Teaching.

Debra Glassman, Senior Lecturer in Business Economics

Debra GlassmanDebra Glassman helps students understand the complex global macroeconomic environment in her TMMBA course, Domestic and International Economic Conditions.  Students discuss economic growth, inflation, unemployment, business cycles, fiscal policy and monetary policy. They also get a global perspective through exploration of national business systems, trade policy, the political economy of trade, and regional economic integration.  After just one quarter teaching in TMMBA, Glassman was recognized by students with the Faculty of the Quarter award.

Rebecca Lovell

Rebecca LovellLovell is a Foster alum, Chief Business Officer at GeekWire, and also teaches TMMBA’s new Venture Capital Investment Practicum. This two-day course synthesizes the TMMBA curricula with a refresher of marketing, finance, and management through the lens of venture capital investing.  The output is an all-day competition where teams analyze two businesses and present their analysis and investment decision to a panel of entrepreneur judges.

Andy Boyer

Andy BoyerAndy Boyer is also a Foster alum and co-founder of Social3i, a social media and online marketing consulting firm.  This quarter he taught a new Social Media for Managers course in TMMBA. The course familiarized students with successful social media programs and took a broad look at social media – from tactics and tools to how to use social in their business strategy.  Boyer had students contribute to a blog to share what they were learning and the progress of their class projects.

Summer after TMMBA Graduation

Tom Mackey, TMMBA Alum

Some of you current TMMBA students are probably wondering what you will do with all that free time after graduation. In my case, at least, the question is “What free time?” Heh — it is amazing how fast it gets filled in with bits of vacation, household tasks, the J.O.B. that helped fund your studies, and both new and old personal pursuits. Two weeks after graduation found us in Eastern Washington, specifically, taking a tour of the Hanford Site. They open up tour dates in April and the slots fill up in just a few hours. We have wanted to take a tour for several years, and this was our “post-grad” treat. Our roses and other landscaping had really suffered for the last 1.5 years, and this summer I have spent a lot of time getting things pruned, watered, fertilized, and watered some more. The hot spell this year made it extremely challenging to keep things alive without running up the water bill too much. It seems I’ve spent just as much time on the computer as before, only now instead of writing papers, I’ve been researching more personal interests and discussing possible business ideas with Marilyn. And finally, I’ve started back into painting the final interior pieces of our house, and I’ve already been informed that the laundry room, one of the first things I painted when we moved in, will have to be painted a different color soon! It reminds me of the Golden Gate Bridge in San Francisco — when they finish painting it they shift back to the other end and start all over!

So what bits of knowledge from the TMMBA program have I been using lately? The things that come to mind, in no particular order are:

Macro Economics — the knowledge we got from Karma helps every day in understanding what I hear and read in the news. It’s nice to be able to explain what is really happening when we hear that the “Fed is printing money”. And did anyone see the article in the March 21-22 Wall Street Journal titled “Fed Doesn’t Need a Press to Print Its New Money”? I now keep it at work to show folks the difference between Federal Reserve notes and the overall money supply.

Wall Street Journal — I renewed my subscription on the student rate. If not offered next year, I’ll switch to electronic. I try to read it every day, but often have to skip all but the first section and then try to skim through the rest on the weekends.

Negotiations — I have to say that the Negotiations class was only a primer — I am getting my real education from Marilyn as we plan a purchase of an Airstream Travel Trailer in which to further explore this great country we live in. The one thing that she has made clear to me that the class did not is that as soon as you make contact with a new car or RV dealer, you have engaged in a war over the contents of your wallet. Pure and Simple, everything you say, and the way you say it, will be used against you if at all possible. Luckily we have some time before we get serious, so with one possible exception, my initial dealings have not had an impact on our wallet. In that one case, we will probably choose to exclude that dealer from our possibilities as he will probably remember a comment I made and know that we have a vulnerability in one area. More on this topic in a later post…

Leadership — Well, that’s something we can all improve upon, right?

Managerial Accounting — Has helped convince me even more that getting our home paid off is the best use of any extra cash we happen to have. Where else can you get a guaranteed 5% return on your money right now? And it sure is nice to see that “Interest Charged” amount go down with each extra payment made!

Marketing and Entrepreneurship — Every day Marilyn and I discuss possible business ideas — does it play to our strengths? How would we market the goods or service? Is it worth the time and effort required to make it work? So far, we have not come up with a winner, given our particular circumstances, but it could happen on any given commute, our normal “brainstorming” time.

Hi to TMMBA Alums. Happy Summer break to Class 9. Welcome to incoming Class 10+. Comments welcome!

-TomM