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                                                        Curriculum Vita


Economics 231 Principles of Macroeconomics

Economics 325 Money, Banking, and Credit

Economics 331 Intermediate Macroeconomic Theory

Economics 425 Money Markets, Capital Markets and Monetary Theory

Economics 471G International Monetary Economics

Economics 525 Monetary Theory and Policy

                          Spring 2012 Class Schedule


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                                            Published Books:

Opportunity Cost of Constrained Portfolio Strategies - Theory, Method, Evidence, VDM Verlag Dr.Muller, Berlin, Germany, 2008


                                           Published  Papers:

The Opportunity Cost of Being Constrained by the Mean-Variance Framework, Journal of Financial and Economic Practice, Vol. 6; No. 1 (Fall 2005), 21-41

The Opportunity Cost of Being Constrained by the Type of Asset: Bonds only or Stocks only, Journal of Applied Economics, Vol. 9; No. 2 (November 2006), 325-344

Is More Always Better? – Empirical Evidence on Optimal Portfolio Size, the Eastern Economic Journal, Vol. 35, No. 1, Winter 2009

The Cost of a Short-selling Constraint - Welfare Implications for Investors Under Uncertainty, the Applied Economics Letters,17(9): 849-860, June 2010

The Effect of Capital Wealth on Optimal Diversification: Evidence from the Survey of Consumer Finances, The Quarterly Review of Economics and Finance, 50 (1): 90-98, February 2010

The Opportunity Cost of Holding a "Naive" Portfolio, forthcoming in The Journal of Economics, 2011

Optimal Diversification and Risk-Taking: A Theoretical and Empirical Analysis, with J.A. Yunker, forthcoming in Applied Economics, 2011

                                           Working Papers

(1) Optimal Portfolios Size - Evidence of Restricted and Unrestricted VAR, submitted to Computational Economics, 2009.

(2) “Are Treasury Bills Important? – Empirical Evidence on Optimal Portfolio Size,” working paper, 2010

(3) “Small-CAPS or Large-CAPS? – Welfare Implications for Investors Under          Uncertainty,” working paper, 2010

(4) "The Cost of International Diversification", working paper, 2010

(5) Money, Prices, and Gross Domestic Product – New Evidence, work in progress, 2009

(6) Portfolio Variance and Correlation Matrices: Comment, 2001