Jeff Adams, the Allen-Bradley Professor of Economics has taught at Beloit College since 1982, teaching courses in quantitative research and public policy and is the department chair. His primary research interest is in community economic development (including the impact of economic amenities and civic capital on community development). For the past 18 years he has been actively involved with Beloit 2020, a local nonprofit development corporation devoted to renewing the historic core of Beloit. He has been the advisor to Belmark Associates since 1985. He received a B.S. from Carroll College, a Ph.D. from the University of Pittsburgh, and did post-doctoral study as a National Institutes of Health Fellow at the University of Wisconsin-Madison. Professor Adams has been an active member of many civic organizations and currently serves on the board of directors of the Wisconsin Taxpayers Alliance.
Bob Elder (Chair) joined the faculty in 1989. He teaches courses in macroeconomics, money and banking, econometrics, industrial organization, game theory, and mathematical economics. During the 1994-95 academic year, he held a Fulbright lectureship at the Krakow Academy of Economics in Poland. He spent the 2001-02 academic year in Riga, Latvia, again on a Fulbright lectureship. More recently he has taught in the international MBA program at the Helsinki School of Economics. His professional interests continue to involve applications of growth theory to economies in transition from central planning to free markets. A Keynesian, Professor Elder nevertheless seeks to provide his students with an objective appraisal of the various views debated among macroeconomists over the course of the century. Thus, an eclectic presentation acquaints students with the menu of alternative approaches to thinking about aspects of macroeconomic activity, permitting them to draw their own informed conclusions as they reflect on data from the real world. Professor Elder earned a B.S. at Georgia Institute of Technology, and an M.A. and Ph.D. at Yale University.
Laura Grube is a visiting instructor in the Department of Economics for the 2013 – 2014 academic year. Laura completed her undergraduate work at Beloit College, majoring in Economics and Management. She also has a minor in African Studies. Laura completed her MA in Economics from George Mason University and is currently a Mercatus Fellow, Dunn Fellow, and PhD candidate at George Mason University. Laura is teaching Principles of Economics and Comparative Systems. Her research interests include political economy (and constitutional political economy), economic development, and Austrian economics. She has published in the Review of Austrian Economics and is working on an edited book (with Virgil Henry Storr) under contract with Elgar. After college Laura worked with the Free Market Foundation of Southern Africa (Johannesburg, South Africa) as a Fulbright Student. Additionally, Laura was a business analyst at Deloitte Consulting and senior business analyst at Perficient, Inc.
Jerry Gustafson (professor emeritus)
Jerry Gustafson earned his B.A. at Beloit College and his Ph.D. from The Johns Hopkins University. Professor Gustafson joined the faculty in 1967. For twenty years, he taught economic principles and theory, focusing upon his interests in public-choice-making and welfare theory. As a Fellow of the American Political Science Association in 1973-74, he was aide in House and Senate offices where he worked on energy legislation and budget process reform. In 1987, Professor Gustafson became Coleman Foundation Professor in Entrepreneurship. He began to teach courses in entrepreneurship and business in which he has increasingly specialized. He is a member of the Coleman Council for Entrepreneurship Awareness, of the United States Association for Small Business and Entrepreneurship, and serves on the board of Self-Employment in the Arts. He is a former member of the Higher Education Entrepreneurship Advisory Committee to the Kauffman Foundation, and the recipient of the Appel Prize, from the Price/Babson Institute, for bringing the entrepreneurial spirit to academe. In 2004, Professor Gustafson founded and became Director of the Center for Entrepreneurship in Liberal Education at Beloit (CELEB), an incubator for student businesses. He held Fulbright Senior Lectureships at Marmara University, Istanbul (1987–88) and at the Middle-East Technical Institute, Ankara, Turkey (1995-96), and was founder of the Beloit/Turkey Student Exchange Program.
Arielle John is the Miller Upton Teaching Fellow in the Department of Economics. Ms. John is a Ph.D. candidate in the Department of Economics at George Mason University and a Mercatus Center Graduate Student Fellow. She earned her M.A. in Economics from George Mason University in 2010 and her B.A. in Economics from Hood College in 2008. Ms. John's expertise is in the area of Caribbean economic development with a particular emphasis on the ways in which culture shapes entrepreneurship in the region. Ms. John's teaching interests include principles of economics, microeconomics, economic development, constitutional economics, and law and economics. She will be teaching in the Department of Economics at Beloit in the Spring and Fall semesters of 2012.
Warren Palmer, The Coleman Foundation Chair in Entrepreneurship, joined the department in 1992. He has taught courses in microeconomics, macroeconomics, accounting, finance, comparative economic systems, international comparisons of industrial firms, managerial economics, the Chinese economy, and energy and environmental economics. Most recently, he developed a new course, The Life and Financial Planning Workshop, an interdisciplinary course open to any junior or senior. The course helps students identify the key financial decisions they will face following graduation, gives them the analytical tools to make wealth- and life-enhancing decisions and helps them recognize potential entrepreneurial opportunities in choosing their life and career paths. Professor Palmer graduated with a B.S. from the University of Montana, and a Ph.D. from the University of Wisconsin-Madison with a major field in comparative economic systems and a minor field in Asian studies. A late entrant into academia, Professor Palmer has operated various small businesses continuously since 1975. He has owned a print shop, worked as a publications consultant, contributed articles to Organic Gardening and other magazines and, with his spouse, continues to rent out the house that they designed and built in the mountains outside of Missoula, Montana. He and his spouse even once operated a small farm, at least according to the 1980 census worker who visited their Montana home and claimed that growing bedding plants for sale made their four acre homestead a "small farm".
Diep Phan received her Bachelor degree in economics from Macalester College, and earned her Ph.D. in Agricultural and Applied Economics from the University of Wisconsin-Madison in 2008. Her primary research interest is in economic growth and development of developing nations, especially East and Southeast Asian economies. Currently she is researching extensively on the labor market in Vietnam, studying the impacts of economic growth, structural change and trade liberalization on the labor market outcomes, and how such impacts relate to poverty and income distributions issues. In 2009, she joined the Department of Economics at Beloit, teaching international economics in addition to introductory economics.