News Archive

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Oct. 2011 - Professor Ligo Speaks at Faires Faculty Forum

Oct. 2011 - Economics Prof Publishes in International Journal

Sep. 2011 - Accounting Prof Presents Personal Finance Fundamentals in "Get Real" Series

Aug. 2011 - Accounting Professor's Article Published

Aug. 2011 - Economics Professor Presents Debt Ratings Research

Aug. 2011 - Numerous Accounting, Econ, and Business Students among Those Awarded Scholarships from The Pittsburgh Foundation

April 2011 - Business Major Presents Capstone Research Results at Undergraduate Conference

April 2011 - Economics and Philosophy Major Presents at Philosophy Conference

April 2011 - Business Administration Major Wins 2011 Edward Entrepreneurship Scholarship

April 2011 - SIFE Team Competes in Chicago

Dec. 2010 - Business Majors Place 64th in International Competition

Dec. 2010 - Economics Prof Performs on Oboe at Environmental Symposium

Dec. 2010 - Students Hold Mock Bond Rating Competition

Nov. 2010 - Economics Professor Appointed to Visiting Position at Oxford Brookes University

Nov. 2010 - Professor Speaks on "Oboe Economics"

Sept. 2010 - Department Adds New Faculty Member in Economics


May 2010 - SIFE Team Competes in New York City


April 2010 - Financial Economics and Accounting Major Wins Edward Entrepreneurship Scholarship


Jan. 2010 - Accounting Professor Discusses Game Strategy at Faculty Forum


Oct. 2009 - Professor Smith to Present "Get Real!" Program on Investing


Oct. 2009 - Economics Prof Performs with Westminster Orchestra


Oct. 2009 - Business Majors Place in Top 40 in International Competition


Sept. 2009 - Professor Cushman Presents Paper in Oxford


Sept. 2009 - Professor Fischmar Publishes Paper


May 2009 - SIFE Team Competes at National Level


April 2009 - Zachary Gantz Wins Edward Entrepreneurship Scholarship


April 2009 - Professor Cushman Presents Paper at Atlanta Conference


April 2009 - SIFE Team Wins First Place Trophy in Arizona


April 2009 - Professor Smith Presents Final "Get Real!" Session on Investing


March 2009 - Professor King's Paper Wins Awards at International Conference


Nov. 2008 - Business Strategy Game Winners Advance to Finals


Nov. 2008 - Professor Smith and Students Demonstrate Monopoly Teaching Game at Conference


Oct. 2008 - 1977 Westminster Economics Graduate To Be One of Three Distinguished Alumni Lecturers


Sept. 2008 - Business Majors Place in International Competition


April 2008 - Ashley Carnahan Wins 2008 Edward Entrepreneurship Scholarship


April 2008 - Professor Cushman Has Paper Published in International Journal


March 2008 - Professor Cushman Presents Paper at Boston Conference


March 2008 - Professor Smith To Explain Investments in "Get Real!" Series


Jan. 2008 - Professor Cushman Presents at New Orleans Conference


May 2007 - SIFE Team Competes at National Competition in Dallas

In the national SIFE competition in Dallas, Westminster's SIFE team lost to six-time national champion Harding University (who then lost to this year's eventual national champion, La Sierra University). But, considering that 19 months ago the Economics & Business Department had just decided to restart a SIFE organization that had essentially died, reaching the national competition was quite an accomplishment. The team also learned what a team can do when it pulls together and what the best teams were doing to serve their communities. With only 4 graduating seniors and almost 20 returning veterans, the team now has the experience and the infrastructure to become stronger. Those who competed in Dallas were: Crystal Arbore, Kerri Campbell, Nate Capello, Ashley Carnahan, Marissa Catanzarite, Jeff Downey, Jared Foster, Cortney Fry, Jack Marti, Amanda Petrovich, Laura Pienkowski, Matt Saines, Louis Simeone, Brett Turk, and Deborah Ward.


March 2007 - SIFE Team Wins its Division at Chicago's Regional SIFE Competition

Westminster's student organization - Students in Free Enterprise (SIFE) - sent 17 members to SIFE's Regional Competition in Chicago, held March 18 and 19, 2007. And they came away winners. The organization put together a solid list of community service accomplishments during the school year, with the goal of promoting financial, economic and ethical well being in the community. The Chicago competition culminated with a presentation of the team's accomplishments for the year to a panel of industry judges. This is the first year since the organization started on campus in 1996 that the team placed first. The win qualifies the team for the National Competition in Dallas in early May.


February 2007 - Faculty Research

Professor David Cushman presented "The Uncertain Unit Root in U.S. Real GDP" at the Eastern Economic Association Conference, which met in New York, NY, February 23-25, 2007.


January 2007 - Faculty Research

Professor David Cushman's paper entitled "Real Exchange Rates May Have Nonlinear Trends" has been accepted for publication in the International Journal of Finance and Economics.


November 2006 - Faculty Research

Professor Gail Miller presented �A Case Study of Phoenix Entrepreneurship in a Small Manufacturing City� at the Applied Business and Entrepreneurship Association International Conference, which met in Kona, Hawaii, November 16-20, 2006.


November 2006 - SIFE Members Earn 2nd in Competition

The Westminster College Students in Free Enterprise (SIFE) team came in second to the reigning national champions in a SIFE competition held at Syracuse University in November. Team members were Alyssa Swatko, Kerri Campbell, Laura Pienkowski, and Brett Turk.

"They competed in a Financial Case Study," reports David C. Smith, Westminster assistant professor of accounting and team advisor. "On Thursday evening, each team was presented with a set of facts about a fictitious family facing mounting financial debt. Teams then had 36 hours to research the problem and develop an effective recovery strategy based on the family's situation, geography, present economic conditions and regional resources."

The Westminster team used a novel approach. They interviewed local businesses and sought advice from local assistance agencies as part of creating their strategy. In addition, the team put together a financial plan to utilize local resources to help the family control expenses, increase earnings, and allow for debt repayment. A Power Point presentation to the judges supported their findings.


August 2006 - New Faculty

David O. Cushman (Ph.D., Vanderbilt), a Florida native and most recently Professor at the University of Saskatchewan, Canada, has been appointed Professor of Economics and Chair of the Department. He will also hold the Captain William McKee Chair of Economics and Business. Professor Cushman was Visiting Professor and Acting Chair at Westminster for the 2005-2006 academic year.

Jacque L. King (Ph.D., Regent) has been appointed Visiting Assistant Professor of Economics and Business. He will fill in for Professor Rita Akin, on leave for the 2006-2007 academic year.

Recent part-time faculty additions are Annette Kosmowski (B.A., Westminster) and Frank Matune (LL.M., Georgetown).


August 2006 - New Interdisciplinary Major: Quantitative Economics

Thanks to the efforts of Professor Dan Fischmar, the department is pleased to be able to offer a new major in Quantitative Economics. This should be of particular interest to students interested in graduate study in economics or math students interested in applications.


April 2006 - SIFE Members Attend Competition

On April 7th, ten students with Westminster�s Students in Free Enterprise (SIFE) organization traveled to Cincinnati to compete against about 30 other SIFE teams from similar schools in the eastern and central regions of the United States. The team members Jordan Hinds (pres.), Lauren Scheller, Justin Turk, Amanda Petrovich, Marissa Catanzarite, Meredith Muller, Deborah Ward, Brett Turk, Jared Foster, and Emily Bauer reported on their accomplishments of the past year which included holding a credit card seminar for first year students, creating a �Truth or Myth� financial concepts video and presentation, working with the local Ronald McDonald Children�s Charities organization, teaching price and value concepts to children at the annual Mardi Gras festival, producing and recording an anti-piracy video that was submitted for competitive judging by the Motion Picture Association of America, and helping high school students to understand the ethical side of business decisions.


March 2006 - Faculty Research

Professor Rita Akin presented a paper, �Shocks and Causation across Asset Classes� (co-authored with Dan Fischmar), at the Midwest Economics Association meetings in Chicago in March, 2006.


Fall 2005 - New Department Office Suite

Following major renovations to Old Main, the Department of Economics and Business has moved into a new suite of offices. Tours are planned following the Old Main rededication ceremony on Friday, September 23, at 6:00 p.m. The new Lauterbach Center, which will serve as a seminar room and classroom (OM 213), will be dedicated on Saturday, October 8.


Summer 2005 - Faculty changes

Professor Tom Rosengarth (accounting) has left Westminster to take a position at Bridgewater College in Virginia. Replacing him is David O. Cushman (Ph.D., Vanderbilt), on leave from the University of Saskatchewan, Canada. He will be Visiting Professor and Acting Chair. In another change, James Kirtley (M.B.A., Xavier) will teach part time in accounting.


Fall 2002 - Students Successful at Business Plan Challenge

Shana Johns, Michael Ranella, Betsy Dobbs, Jared Gashel, and Jennifer Poole won first place in the 2002 Business Plan Challenge, a business competition sponsered by the PICPA. Their winnings included money for both themselves and for Westminster College.

From the PICPA web site...

For the second year in a row, Westminster College won first place at the PICPA's Business Plan Challenge, pocketing a cash prize of $1,500. This program challenges college and university students in Pennsylvania to produce team-developed plans for a fictitious business. This year's challenge was to create a strategy for a daycare center start-up. Phase I plans were submitted in early October. A panel of judges picked the top five plans for the Phase II competition, on Nov. 16, 2002 at PICPA's headquarter offices in Philadelphia. In that second phase, the students were given a plan adjustment, and had four hours to rework their financial plans and develop marketing and communication strategies to account for the problem.

What is the Business Plan Challenge?

Test your business savvy in the PICPA Business Plan Challenge! The Pennsylvania Institute of Certified Public Accountants (PICPA) offers students in Pennsylvania colleges and universities a chance to compete and win cash! Phase I of the PICPA Business Plan Challenge asks student teams to write a business plan for an organization in need of accounting, finance and marketing services. The top five teams are then selected to participate in Phase II of the contest, which requires presenting a solution to a panel of CPA judges. All five finalist teams that advance to Phase II receive cash prizes and compete for the top prize of $1500!