Harold Hotelling (1945 – 2009) joined Lawrence Tech as an associate professor of economics in 1989 and taught courses in business law, business ethics, constitutional law, urban social issues, and law and economics. His life was marked by an unwavering dedication to his family, his church, his students, and his profession. Everyone who knew him benefited from his keen intellect, tireless devotion, quick wit, and wonderful sense of humor. Hotelling’s contributions to Lawrence Tech will always be remembered, but more importantly, he will be remembered as a great person and a dear friend.
Paul Traub, Senior Business Economist
Federal Reserve Bank of Chicago - Detroit Branch
Wednesday, November 19 - 7:00pm
Mary E. Marburger Science and Engineering Auditorium (S100), Science Building
21000 W. 10 Mile Road, Southfield, MI
The Lecture - U.S. and Michigan economic Overview and Outlook
The economic recession that started in December 2007 was the greatest single contraction in the U.S. economy since the Great Depression forcing the Federal Reserve into an extraordinary monetary policy response. It has now been over 5 years since the start of the current economic recovery and the U.S. is still struggling to get back to its full potential. With the average economic expansion since 1961 running 71 months, what are the concerns that a normal business cycle contraction will prevent the U.S. from reaching its output potential during this business cycle? Mr. Traub's discussion will compare this recovery to past post-recession expansions as well as discuss some recent economic developments for the U.S. and Michigan. The topics covered will include an analysis of consumption, private investment, global trade and federal and local government consumption and investment together with the Federal Reserve Banks role in helping the U.S. achieve a full economic recovery.
The Harold Hotelling Memorial Lecture Series was founded to honor an esteemed scholar and colleague. Harold Hotelling (1945 - 2009) joined Lawrence Tech as an associate professor of economics in 1989 and taught courses in business law, business ethics, constitutional law, urban social issues, and law and economics. His life was marked by an unwavering dedication to his family, his church, his students, and his profession. Everyone who knew him benefited from his keen intellect, tireless devotion, quick wit, and wonderful sense of humor. Hotelling's contributions to Lawrence Tech will always be remembered, but more importantly, he will be remembered as a great person and a dear friend.
If you are interested in supporting future Harold Hotelling Memorial lectures, please contact Lawrence Tech’s Office of University Advancement at 248.204.2300 or email firstname.lastname@example.org.
About Lawrence Tech
Lawrence Technological University is a private, accredited university focused on providing superior education through cutting-edge technology, small class sizes, and innovative programs. Lawrence Tech offers more than 60 academic programs through the Colleges of Architecture and Design, Arts and Sciences, Engineering, and Management.
Nearly 5,000 students are enrolled in undergraduate, master's, and doctoral programs conveniently offered for full or part-time students, with day, evening, and weekend courses. Lawrence Tech's 125-acre wireless laptop campus offers a complete range of academic, residential, and recreational facilities.
2013- Dr. Stephen Josiah Spurr, JD, Professor and Chair, Department of Economics, Wayne State University
In his lecture, Dr. Spurr explored a variety of topics on the current economic climate in the U.S. and abroad. He addressed how married couples can juggle careers, housework, and childcare; how well U.S. workers are doing compared to the rest of the world, how the growth of the U.S. economy compares with other countries and whether we are still an upwardly mobile society. Is the U.S. still a land of opportunity or can you expect that your annual earnings will be largely determined by the earnings of your parents? As women across the world become more career-oriented, how does this affect the number of children they have and the division of household work?
2012 - Dr. Michael Belzer, Associate Professor of Economics
Transforming the Detroit Region into a Transportation Hub
While the value proposition for business is great, Belzer estimates it's even greater for the region: $11 billion annually in new economic activity, 150,000 new jobs, and more than $1.3 billion in taxes to reenergize state and manicipal governments.
2011- Dr. Charles Ballard
Michigan’s manufacturing-based economy was a powerhouse in the middle of the 20th century. But manufacturing has accounted for a shrinking portion of the economy for half a century. As a result, while incomes in Michigan were above the national average throughout the 1950s, 1960s, and 1970s, they have fallen below the national average in most years since then. This is partly because Michigan lags behind the national average in many aspects of educational attainment. If Michigan is to realize its potential for a brighter economic future, it will need to increase the skills of its workforce. Professor Ballard discussed the policies that will help to achieve that brighter future.
2010 - Dr. Miron Stano
After describing trends in U.S. health care spending and health outcomes, Miron Stano provides an overview of cost-utility analysis. To many health care analysts, cost-utility analysis provides the conceptual framework for allocating dollars to alternative treatments including preventive measures. Although our current health care delivery system contains significant barriers to increased acceptance and adoption of preventive care, some preventive measures are not cost-effective. This presentation will focused on the various issues that relate to these barriers, the role of cost-utility analysis in preventive care, and recommendations for improving the efficiency of our health care system. ...more