Lester Hadsell Cameron Hall 220-A Updated October 2015 hadselll@uncw.edu Academic Appointments Education Visiting Lecturer of Economics, 2012-2013, 2014-2016 University of North Carolina Wilmington, Cameron School of Business Assistant Professor of Economics, 2007-2012 College at Oneonta, State University of New York, Division of Economics and Business Lecturer of Finance, 2000-2007 University at Albany, State University of New York, School of Business Lecturer of Economics, 1999-2001 University at Albany, State University of New York, Department of Economics Ph.D. (1999), Economics, Rensselaer Polytechnic Institute M.A. (1994), B.A. (1991), Economics, State University of New York, University at Albany A.A.S. (1985), Data Processing, State University of New York, College at Cobleskill Research Interests Volatility, Risk, and Market Efficiency in Wholesale Electricity Markets; Economics and Finance Education; Regional and Local Economies Courses Taught Undergraduate courses: Industrial Organization Government and Business Managerial Economics Intermediate Microeconomics Public Finance Economics in the News Principles of Economics Principles of Microeconomics Principles of Macroeconomics Principles of Finance / Financial Management Money and Capital Markets Graduate (MBA) courses: Economics and Institutions Economic Analysis Managerial Economics Global Economic Environment Economic Analysis and Financial Management Financial Markets: History, Psychology, & Ethics Research Project/Master s Thesis
Lester Hadsell vita 2 Journal Articles Economics and Finance Education Promoting Economic Literacy Through an Understanding of Economic Ideology. With Michael McAvoy and Jaime McGovern. 2013. New York Economic Review. 44 (Fall). 54-76. Grades as an Incentive in Introductory Courses. 2013. Journal of Economics and Finance Education. 12(1): 25-38. Faculty Perceptions of Grades: Results from a National Survey of Economics Faculty. With Raymond MacDermott. 2012. International Review of Economics Education. 11(1): 16-35. Gender Differences in Effort in Economics and Finance. 2012. Journal of Economics and Finance Education. 11(1): 100-111. Achievement Goals, Locus of Control, and Academic Success and Effort in Introductory and Intermediate Microeconomics. 2010. American Economic Review 100(2): 272-276. Grade Dropping, Strategic Behavior, and Student Satisficing. With Raymond MacDermott. 2010. American Journal of Business Education 3(7): 57-71. The Effect of Quiz Timing on Exam Performance. 2009. Journal of Education for Business 84(3). Jan/Feb: 135-141. Computers, Learning Outcomes, and the Choices Facing Students. With Gerald T. Burke. 2007. Eastern Economic Journal 33: 111-124. Exploring Values: Three Classroom Exercises for Introductory Economics. 2005. American Economist 49(2): 51-59. Bond Pricing: Two Classroom Exercises for Capital Markets Courses. 2005. Advances in Financial Education 3: 7-24. Electricity Markets Inefficiency in Deregulated Wholesale Electricity Markets: The Case of the New England ISO. 2011. Applied Economics 43(5): 515-525. Efficiency and Profit in the NYISO Transmission Congestion Contract Market. With Hany Shawky. 2009. Electricity Journal 22(9): 47-57. Day Ahead Premiums on the New England ISO. 2008. Electricity Journal 21(4): 51-57. One-Day Forward Premiums and the Impact of Virtual Bidding on the New York Wholesale Electricity Market Using Hourly Data. With Hany Shawky. 2007. Journal of Futures Markets 27(11): 1107-1125. Collateral Requirements for Virtual Transactions on the NYISO. 2007. Electricity Journal 20(9): 47-54.
Lester Hadsell vita 3 The Impact of Virtual Bidding on Price Volatility in New York's Wholesale Electricity Market. 2007. Economics Letters 95(1): 66-72. Electricity Price Volatility and the Marginal Cost of Congestion: An Empirical Study of Peak- Hours on the NYISO Market, 2001-2004. With Hany Shawky. 2006. Energy Journal 27(2): 157-179. A TARCH Examination of the Return Volatility-Volume Relationship in Electricity Futures. 2006. Applied Financial Economics 16(12): 893-901. Estimating the Volatility Of Wholesale Electricity Spot Prices in the US. With Achla Marathe and Hany Shawky. 2004. Energy Journal 25(4): 23-40. Regional and local economies Seasonal Homes and the Local Property Tax: Evidence from New York State. With Chad Colarusso. 2009. American Journal of Economics and Sociology 68(2): 581-602. Second Homes in the Adirondack Park and their Impact on Property Taxes. With Chad Colarusso. 2008. Adirondack Journal of Environmental Studies 14(2): 28-33. Large Retailers, Economic Development, and the Local Property Tax Base: Evidence From Wal- Mart in New York State. 2002. New York Economic Review 32: 27-41. Other Publications Economic Ideology and Deficit Reduction Choices: An Exercise to Engage Students in an Economics Principles Course. With Michael McAvoy and William P. O Dea. 2013. Papers and Proceedings, 2012 New York State Economics Association Annual Conference. Incentives and Student Learning. With Wayne Grove. 2012. Contribution to the Encyclopedia of the Sciences of Learning. Springer Reference & Database Publishing: Heidelberg. Review of Green Economics: An Introduction to Theory, Policy and Practice by Molly Scott Cato. 2010. Journal of Economic Issues. December 44(4): 1102-1104. Review of Understanding Sustainability Economics: Towards Pluralism in Economics by Peter Söderbaum. 2010. Journal of Economic Issues. September 44(3): 847-848. Wal-Mart. 2009. The Sentinel. 9(7): 18-19. Review of The Local Economic Impact of Wal-Mart by Michael J. Hicks. 2009. (Invited.) Eastern Economic Journal. Spring 35: 264-266. Review of Lectures in Antitrust Economics by Michael D. Whinston. 2009. Journal of Economic Issues. June 43(2): 562-563. Putting Grade-Hounds to Productive Work: Classroom Exercises. Papers and Proceedings, Thirteenth Annual Teaching Economics Conference, Robert Morris University, Spring 2002: 37-43. Economic Growth, But At What Cost? 1995. Albany Times Union. C1.
Lester Hadsell vita 4 Research in Progress Religion and Economic Ideology With Rob Burrus, Adam Jones, and Pete Schuhmann. Pricing Risk in Volatile Markets: Transmission Congestion Contracts on the NYISO. With Hany Shawky. Financial Speculation in Wholesale Electricity Markets. Editorial Appointments Editorial Advisory Board, Cogent Economics & Finance (formerly Economics and Finance Research), 2012-2015 Consulting Editor, Journal of Education for Business, 2007-2015 Editorial Board, Journal of Economics and Economic Education Research, 2011-2014 Presentations at Academic Conferences, Workshops, Seminars Religion and Economic Ideology Paper with Rob Burrus, Adam Jones, and Pete Schuhmann. Academy of Economics and Finance Annual Meeting. Mobile, AL. February 2013. Consumer Choice a View from Economics and Psychology. Invited Speaker, Economics Club. Providence College. April 2012. Promoting Economic Literacy Through an Understanding Economic Ideology. Paper with Michael McAvoy and Jaime McGovern. Academy of Economics and Finance Annual Meeting. Charleston, SC. February 2012. Achievement Goals, Locus of Control, and Academic Success and Effort in Introductory and Intermediate Microeconomics ASSA Annual Meetings, session sponsored by the AEA Committee on Economic Education. Atlanta, GA, January 2010. Incentives and Student Motivation in the Economics Classroom. (Invited speaker) 9 th Annual Teaching Economics Workshop. Wilmington, NC, October 2009. Transmission Congestion Contracts on the New York Wholesale Electricity Market. SUNY Oneonta, September 2009. Faculty Perceptions of Grades: Results from a National Survey of Economics Faculty. University of North Carolina, Wilmington. February 2009. Learning and grade orientations of economics faculty: Results from a national survey. SUNY Oneonta, February 2009. Faculty Perceptions of Grades: Results from a National Survey of Economics Faculty. ASSA Annual Meetings, session sponsored by the National Association of Economic Educators (NAEE) and National Council on Economic Education (NCEE). San Francisco, CA, January 2009. Pricing Risk in Wholesale Electricity Markets: Transmission Congestion Contracts on NYISO. SUNY Oneonta, October 2008. Promoting a Learning Orientation in the Economics Classroom by De-emphasizing Grades. ASSA Annual Meetings, session sponsored by the AEA Committee on Economic Education. New Orleans, LA, January 2008. Learning styles, grading practices, and student performance. New York State Economic Association 60th Annual Conference. Albany, NY, October 2007. Deregulated Electricity Markets: The Evidence So Far. New York State Economic Association 60th Annual Conference. Albany, NY, October 2007. Seasonal Homes and the Local Property Tax: An Empirical Study of Upstate New York. With Chad Colarusso. Adirondack Research Consortium, Annual Conference. Tupper Lake, NY, May 2007. Effects of anonymity and discovery on market behavior. Southern Economic Association Annual Conference. Charleston, SC, November 2006.
Lester Hadsell vita 5 Premiums in the New York State Wholesale Electricity Market. Southern Economic Association Annual Conference. Washington, DC, November 2005. Exploring Markets: A Casebook for Introductory and Intermediate Economic. Southern Economic Association Annual Conference. Washington, DC, November 2005. Premiums in the New York State Wholesale Electricity Market. New York State Economic Association 58th Annual Conference. Geneva, NY, October 2005. Factors affecting student choice of business school. New York State Economic Association 58th Annual Conference. Geneva, NY, October 2005. Ethics in Finance. SUNY Albany School of Business Ethics Series for MBA students, February 2005. With David Smith. Volatility of Electricity Prices: NYISO 2000-2004. Southern Economic Association Annual Conference. New Orleans, November 2004. Volatility of Electricity Prices: NYISO 2000-2004. New York State Economic Association 57th Annual Conference. Ithaca, NY, October 2004. Ethics in Finance. SUNY Albany School of Business Ethics Series for MBA students, April 2004. With Chris Faugere and Bill Ding. The Executive Game in my MBA Econ Course. SUNY Albany School of Business Lecture Series, April 2002. Putting Grade-Hounds to Productive Work. Robert-Morris University Conference on Teaching Economics. Pittsburgh, PA, February 2002. The Dog that Didn't Bark: What's missing from Introductory Economics Texts. Robert-Morris University Conference on Teaching Economics. Pittsburgh, PA, February 2002. Teaching Economic Fundamentals using The Executive Game. ASSA Annual Meeting. Session sponsored by the National Council on Economic Education and the National Association of Economic Educators. New Orleans, LA, January 2001. Large Retailers and Rural Economic Development. Adirondack Research Consortium, Seventh Annual Conference. Saranac Lake, NY, May 2000. Large Retailers and Rural Economic Development. Microeconomics Workshop, SUNY Albany Department of Economics, May 2000. Other Presentations, Interviews Upcoming presentation on Wal-Mart and property taxes. Interview, North Country Public Radio. September 28, 2004. Wal-Mart and Your Property Tax. Presented at a forum sponsored by Citizens for Responsible Growth. Potsdam, NY, September 29, 2004. Referee and Conference Activity Referee for Energy Journal, Energy Economics, Applied Economics (selected by editors as a Top 50 Reviewer 2011), Quarterly Review of Economics and Finance, Applied Financial Economics, American Economist, American Journal of Economics and Sociology, Utilities Policy, Journal of the Academy of Business Education, New York Economic Review, Journal of Economics and Finance Education, Journal of Economics and Economic Education Research,
Lester Hadsell vita 6 Journal of Economic Education, International Review of Economics Education, Eastern Economic Journal Discussant, Academy of Economics and Finance Annual Meeting. Mobile, AL. February 2013. Discussant, Academy of Economics and Finance Annual Meeting. Charleston, SC. February 2012. Discussant, ASSA Annual Meeting. Session sponsored by the National Association of Economic Educators and National Council on Economic Education. Atlanta, GA, January 2010. Discussant, ASSA Annual Meeting. Session sponsored by the National Association of Economic Educators and National Council on Economic Education. San Francisco, CA, Jan. 2009. Discussant, ASSA Annual Meeting. Session sponsored by the National Council on Economic Education and the National Association of Economic Educators. New Orleans, LA, January 2008. Session Chair, New York State Economic Association Annual Conference. Albany, NY, Oct. 2007 Discussant, New York State Economic Association Annual Conference. Albany, NY, Oct. 2007 Discussant, Southern Economic Association Annual Conference, Charleston, November 2006. Discussant, Eastern Economic Association Annual Conference, Philadelphia, February 2006. Discussant, ASSA Annual Meeting. Session sponsored by the National Council on Economic Education and the National Association of Economic Educators. Boston, MA, Jan. 2006. Discussant, Southern Economic Association Annual Conference, Washington, November 2005. Discussant, N.Y. State Economic Association 58th Annual Conference, Geneva, NY, Oct. 2005. Session Chair, Eastern Economic Association Annual Conference, New York City, March 2005. Discussant, Eastern Economic Association Annual Conference, New York City, March 2005. Discussant, Southern Economic Association Annual Conference, New Orleans, November 2004. Discussant, N.Y. State Economic Association 57th Annual Conference, Ithaca, NY, October 2004. Reviewer of numerous textbooks (economics and finance). University Service Member, College Senate, SUNY Oneonta, 2008-2009, 2010-2012. Member, Library Committee, Division of Business and Economics, 2008-2010. Alternate, College Senate, SUNY Oneonta, 2009-2010. Member, Search Committee, Finance Faculty search, Division of Economics and Business, 2008-2009. Member, College Library Committee, 2007-2008. Alternate, College Senate, SUNY Oneonta, 2007-2008. Member, Graduate Affairs Committee, SUNY Albany School of Business, 2005-2007. Member, Instruction and Technology Committee, SUNY Albany School of Business, 2001-03 and 04-05. Member, Undergraduate Affairs Committee, SUNY Albany School of Business, 2003-2004. Teaching Courses, Seminars, and Workshops Attended Off-campus Eleventh Annual Teaching Economics Workshop. Wilmington, NC, October 2011. Sessions at the ASSA meetings in Denver, CO, January 7-9, 2011 Ninth Annual Teaching Economics Workshop. Wilmington, NC, October 2009. McGraw-Hill/Irwin Corporate Finance Symposium, New Orleans, LA, March 1-4, 2007. Master Teacher Program (5 days), Georgia State University, May 2002. On-campus (at UNCW Office of e-learning) Introduction to WexEx. Fall 2015 Master the Art of Screencasting. Fall 2015.
Lester Hadsell vita 7 On-campus (at SUNY Albany Center for Effective Teaching and Learning, CETL) A Simple Plan to foster critical thinking and independent learning. Spring 2007. Integrating Technology and Developing Critical Thinking: Making Use of an Online Discussion Board and Creating Resources for Writing. Fall 2006. Dynamic Classroom Teaching. Fall 2003. WEBCT Best Practices. Spring 2002. Teaching Writing-Intensive Courses. Fall 2000.