Arthur J Raymond
Education
- Ph.D., economics, Tufts University
- M.A., economics, Tufts University
- B.A., economics, Bryant College
Teaching Interests
The learning of economics and finance requires understanding theory and its application to real events. It is this doing of economics and finance whereby students come to comprehend the world and the social and political implications of the economic way of thinking. After each class in all of my courses, students are offered the opportunity to apply what is presented and discussed in class to hypothetical and real problems that provide ways to understand world events, ranging from how individuals make decisions to how nations form economic policy. An important part of my teaching is modeling the application of the logic of economics to social and political issues and to questions about our world.
Research and Scholarship
In the early part of my Muhlenberg career, I pursued traditional research on international finance and international monetary systems and published a number of articles in that area. More recently I have focused on the education of economics and the assessment of learning in economics. For many years, I served the Educational Testing Service as the chief reader of economics, both microeconomics and macroeconomics, for the College Board’s Advanced Placement Program. The chief reader provides significant input in the construction of the yearly AP exams, establishes the criteria by which the essay part of the AP exam is assessed, selects readers to assess student exams and teaches the application of assessment criteria to the readers that score the AP exam. The chief reader also presents at a number of workshops and assessment forums each year. After retiring from the chief reader position I served as the higher education chair of the macroeconomics test development committee. In addition to serving Educational Testing Service and the College Board, I have written study guides for an introductory text in international economics and an advanced text in international economics.
- Econometrics
- Economics Independent Study/Research: Success in Pro Tennis
- Finance Independent Study/Research: Kibera Hospital
- Finance Internship: MALT Prevention Program
- Principles of Microeconomics
As part of the econometrics course, I supervise 10 to12 group projects every fall semester. Occasionally, projects are chosen to be presented at the yearly Economics Honorary Society, Omicron Delta Epsilon (ODE), and/or at other conferences. Two projects are listed below that were presented at both the ODE Conference and at the Economics Scholars Program for Undergraduate Research sponsored by the Federal Reserve Bank of Dallas and Austin College:
- Plumeri, S, Hits Making Hits?: Effects of Google Search Volume on First Week Box-Office Revenue, (2010)
- Weeks, J., Bossard, A., and Cody, J. Reducing Infant Mortality Rates in India: Determining Factors, (2014)
- Study Guide for Salvatore, International Economics, 12th edition, (2016).
- Common Errors in the 2016 AP Macroeconomics Exam, invited opening speaker at the Federal Reserve Bank of St. Louis, (June 14-June 16, 2016).
- Top Ten Errors on the 2016 AP Macroeconomics Exam, Advanced Placement Annual Conference, (July 15-16, 2016) Anaheim, CA
- Exchange Rate Economics, Advanced Placement Annual Conference, (July, 2013), Atlanta, GA
- Well What Do You Expect: Inflationary Expectations and Macroeconomic Variables, Advanced Placement Annual Conference, (July, 2011), San Francisco, CA
Multiple Bridge Builder Awards
Accounting, Business, Economics & Finance
Economics
Finance
Political Economy and Public Policy
Contact: arthurraymond@muhlenberg.edu