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Friday, Nov. 23, 2012 12:42 p.m.

Business school could require liberal arts minors

by The GW Hatchet

The GW School of Business, housed in Duques Hall, could require students to take a minor outside the college. Hatchet File Photo by Jordan Emont | Assistant Photo Editor

This post was written by Hatchet reporter Mary Sette.

The GW School of Business is mulling a requirement for undergraduates to minor outside the college, in line with the school’s recent plans for a more liberal arts-based curriculum.

Isabelle Bajeux-Besnainou, the associate dean for undergraduate programs, said the plan for a required minor is still tentative, but added that feedback has been “positive” from faculty, students and alumni.

The business school would be the first at GW to mandate that students take a minor, which usually comprises about 18 credits.

The requirement would need the greenlight from the school’s faculty. Plans for a new curriculum has been pushed back twice over the past year, and Bajeux-Besnainou has said she does not have a target date for a vote or implementation.

“The specific details cannot be discussed yet,” she said in an email. “The only thing I can say is that we are looking at a lighter business core to provide the bandwidth for a more in-depth liberal arts education.”

The reform would be part of Dean Doug Guthrie’s agenda to focus the school on ethics and social responsibility in an era of Wall Street corruption.

While Bajeux-Besnainou said she hopes the required minor coupled with the school’s new liberal arts approach will give more “flexibility to our students,”  junior Sevara Mallyn is not so sure.

Mallyn, a junior double concentrating marketing and international business, said she thinks the business school already has enough requirements, and gives “very little leeway to make more demands of their students.”

“Students will have to think about what minor to take when they are not even sure what to major in,” said Mallyn.

Now, undergraduates take only one or two non-business electives each year and including courses on ethics, foreign language and science.

Bajeux-Besnainou has said the school would look to tweak that format to give students more academic breathing room.

Sophomore Matt Guarnaccia shared concerns over this possible new requirement.

“I think the business school should worry about how to increase their percentage of satisfied graduating students rather than potentially upsetting them further by making it a necessity to have a minor,” Guarnaccia said.

Bajeux-Besnainou said there would be some difficulties “if students have a hard time deciding on a particular minor, in which case the advising office will serve an important role.”

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Wednesday, Nov. 14, 2012 5:46 p.m.

GW ‘lifer’ takes a top business school post

by The GW Hatchet

Philip Wirtz, a professor of decision sciences, will take over as vice dean for education and programs in the GW School of Business. Becky Crowder | Senior Staff Photographer

This post was written by Hatchet reporter Lauren Grady.

Philip Wirtz is a self-described GW “lifer,” earning his undergraduate degree and doctorate in psychology here before becoming a professor of decision sciences in the GW School of Business.

But now he’ll fill his first administrative post as one of the business school’s top officials to help ease the transition of a merry-go-round of staffing changes that’s marked the school in the last year.

When Dean Doug Guthrie asked him to take on the role of vice dean of education and programs, he said he did what he thought was best for the business school.

“It’s not a job I sought. But if this is where I can be the most helpful to the dean and my colleagues, I’m willing to do it,” Wirtz said.

Along with the former vice dean Murat Tarimcilar, two other top undergraduate administrators have left their positions in the business school since the summer, leaving it in a state of transition. Those departures came on the heels of turnover in the entire undergraduate advising staff.

Wirtz attributed the departures to the difficulty of managing such a diverse range of programs within the business school, like its upcoming online MBA offerings and shifting undergraduate program. While that diversity draws students to the school, he said, the management process is arduous.

“Murat did an absolutely fabulous job but I can’t imagine anybody doing this job for more than two years without getting completely burned out,” Wirtz said.

Wirtz, who is also a professor of psychology, said he’ll complement Guthrie in planning the business school’s future because of the two men’s different backgrounds.

Guthrie came to GW two years ago from New York University, after spending years studying and working in China – a stark contrast to Wirtz’s lifetime at the University.

His portfolio will be wide and he’ll help GW sharpen recent and upcoming initiatives like a master’s program in China, improving ethics-based learning and rolling out online programs.

“It’s an incremental process. It doesn’t get done all at once. We simply need to proceed each year in a way that moves us towards our long term objectives,” Wirtz said.

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Wednesday, Oct. 31, 2012 6:07 p.m.

World’s richest man to fund graduate scholarships

by The GW Hatchet

This post was written by Hatchet reporter Lauren Grady. 

Mexican business mogul Carlos Slim will fund five scholarships for GW’s graduate programs to bolster the academic success of students from his native country.

Carlos Slim, a Mexican telecommunications magnate, will fund five scholarships for graduate students. Photo courtesy of GW Media Relations

It’s the first time the University announced that Slim, a Mexican telecommunications magnate who has been the target of campus protests, has donated to GW.

Slim, worth an estimated $68.5 billion, will pay tuition for top Mexican prospective graduate students to study in the University’s advanced business, engineering or international affairs programs.

“The Carlos Slim Foundation Scholars program embodies Mr. Slim’s commitment to empowering Mexican youth through education,” University President Steven Knapp said in a release Wednesday.

University spokeswoman Michelle Sherrard did not immediately return request for comment on the total sum of Slim’s gift.

Awardees, who will make up the first class of the Carlos Slim Foundation Scholars program, will be chosen based on academic success and leadership ability. Only 16 graduate students came to GW from Mexico last year.

The program will provide students with intensive leadership training and access to international and U.S. leaders. The University now is searching for an executive director for the program.

But Forbes also named him one of the biggest philanthropists last year, giving $4 billion to his charity Fundación Carlos Slim.

The University handed Slim an honorary degree at Commencement last May, which drew dozens of picketers to the National Mall to push back against his alleged monopoly power in the country.

In 2009, the University awarded Slim the President’s Medal, citing his philanthropy and leadership.

 

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Monday, Aug. 27, 2012 2:00 p.m.

MBA tuition hike takes some students by surprise

by The GW Hatchet

The GW School of Business, housed in Duques Hall, raised tuition 4.4 percent for returning students this year, slightly higher than last year’s increase. Students say they were kept in the dark about the increase. Jordan Emont | Assistant Photo Editor

This post was written by Hatchet staff writer Aliya Karim.

Business school graduate students are disputing the $1,000 added to their tuition bills this fall, claiming the extra charge came without notice.

An additional $55 per-credit-hour fee was not included in a cost estimate handed out by the Global MBA Program last spring. The estimate, which brought tuition for the two-year program up to $123,085, pronounced the costs “subject to change,” but several students said they were unaware such a change had actually been made.

The Board of Trustees announced the tuition hike in February, but because the 4.4 percent increase is “within the range of the annual increase, [students] learn the rates through the university offices,” Dean Doug Guthrie said in an email.

The increase is also consistent with rates raised by many other business schools across the country. Last year, the business school raised tuition 3.5 percent for returning students.

Shashwat Gautam, a second-year MBA student who mortgages his home in India from the U.S., said he first found out about the increase when his tuition bill was emailed to students this month. He said the extra $1,100 he will owe the school this year will strain his already tight budget, because he applied for student loans using the previous tuition estimate.

“For middle class families from India and different parts of the world, it’s going to mean a lot,” said Gautam, the business school’s graduate representative for the Student Association. “We could’ve planned it better if we had an idea of it.”

Gautam, also the vice chair of SA’s academic affairs committee, said he is pushing the SA to lobby administrators to roll back the costs.

University spokeswoman Michelle Sherrard said tuition information is posted on both the University’s graduate enrollment and Colonial Central websites, but that details are not emailed to students because costs differ based on course load. “In addition, students applying for financial aid should be aware of tuition information well in advance,” she said in an email.

Associate Dean for MBA Programs Liesl Riddle sent an email to business graduate students addressing “tuition confusion and clarification” following The Hatchet’s inquiry into the school’s tuition bump.

She said in the email that the 4.4 percent increase falls within the standard practice of a 4 to 6 percent rise between a student’s first and second year, and maintained that the added tuition revenue would go toward expanding programming.

“Admissions sent you an estimated cost of attendance for the entire program when you enrolled and noted that second year tuition was an estimate that would likely change. In addition, the university posts the new rates in late spring for your review,” Riddle wrote.

Allan Simonds, a second-year MBA student, called the email “defensive and condescending,” and said it still did not clarify how the school would use the extra tuition money. “The email really pits the administration against the student body,” Simonds said.

The 4.4 percent increase is “not out of sync with general increases that we’re seeing in North America,” said Dan LeClair, the chief operating officer of the Association to Advance Collegiate Schools of Business. He said schools might increase tuition for course and curriculum improvement, global expansions, student engagement in the classroom and improved reputations.

Guthrie said in an email that the MBA tuition remained far below neighboring Georgetown University and University of Maryland, and a small increase in tuition would help pay for more student aid and programs, but did not specify which.

“If we want to have programs and student services that compare to those schools, we need also to have the resources that make us competitive,” Guthrie said.

Incoming MBA students will also face a 8.7 percent higher tuition than last year’s students, the steepest climb in an across-the-board tuition increase for graduate programs. New doctoral students in the Columbian College of Arts and Sciences and Graduate School of Education and Human Development and masters students in the Elliott School of International Affairs will see an 8.5 percent increase in tuition.

In addition to the extra tuition revenue, the business school is also receiving $9.4 million in cash from GW through 2014 – the largest investment in the history of the school.

Business school administrators have been busy both in D.C. and China in the past year, linking MBA students in planning the District’s economic development plan and opening up master’s programs in Suzhou. The business school also added four online graduate programs this summer.

“I do think and hope the extra money will go to benefit students and the school, and especially to increase our rankings,” Neha Shah, a second-year MBA student, said. “I also don’t realistically expect that I will personally get to enjoy these benefits in my last year as a student.”

The business school’s graduate program fell five spots to No. 57 in the U.S. News and World Report ranking in March.

Business students have soured on administrators’ communication effectiveness in the past. In Bloomberg Businessweek’s survey of undergraduate business students, many at GW cited issues of communication for administrators as one of the school’s problems.

“There are bright spots, but they have a long way to go,” Simonds said. “They should begin with better communication, more transparency and less squandering of money.”

- Cory Weinberg contributed to this report.

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Thursday, July 19, 2012 5:29 p.m.

As three top business school officials exit, students question turnover

by Cory Weinberg
Duques Hall, School of Business

Two top undergraduate officials in the GW School of Business, housed in Duques Hall, announced their departures from the University last week. Hatchet File Photo

Updated July 21, 2012 at 2:52 p.m.

Three of the GW School of Business’ top undergraduate administrators announced this week they are leaving the University – the exclamation point on a year of high turnover that has business students scratching their heads.

Joelle Carter, director for undergraduate programs, and Larry Fillian, director of undergraduate advising and assessment, will step down this summer, while the business school is knee-deep in reshuffling its undergraduate curriculum and advising. Murat Tarimcilar, the vice dean for programs and education, will leave his deanship and continue teaching starting Jan. 1, 2013.

Their departures punctuate a year of personnel changes in the business school’s main undergraduate arms – the office of undergraduate programs and the advising center.

Almost the entire advising staff turned over last summer after the school adjusted advising roles to include teaching.

Former executive coordinator for undergraduate programs, Betsy Smith, left in January to work for LivingSocial. Four months later, undergraduate adviser Jason Sparks left for a career at Blackboard. The school announced replacements for both slots last week.

Carter and Fillian informed business students of their exits by email on July 12 and July 16, respectively. Tarimcilar sent an email to colleagues July 17, saying he has “questioned” whether he fits into Dean Doug Guthrie’s team.

“At this point, he needs a leadership team that supports his philosophy, vision and plans with unwavering conviction,” he said in an email obtained by The Hatchet. “In recent months, I have questioned whether I fit that role and have concluded that I owed him the opportunity to build his team — hence, my resignation.”

Some students said frustration is mounting with the departures of the school’s top undergraduate staff members.

Andrew Litavis, a senior business major, praised the relationships Carter forged with students, but added, “The high turnover [in the advising center] has hindered students from being able to foster these long-term relationships that make the decentralized advising model so effective.”

“The trend of leadership and administration departing from the business school is alarming and should be taken extremely seriously by both GWSB and the entire university. Leadership isn’t bred in a culture of high turnover,” he said.

One junior business major, who asked to remain anonymous because he often works with administrators, called Carter’s departure “the icing on the cake” to a year of exits by staff members who work closely with students.

Carter will head to Western Kentucky University, where she will take on an administrative position. While leading the office of undergraduate programs for two years, Carter expanded the school’s first-year development program and launched living communities for business students.

“Words can not express how honored and privileged I feel to have had the opportunity to work with so many intelligent and incredible students,” she told business students in a July 12 email. She did not respond to a request for further comment.

Fillian, who oversaw the advising center’s transition to developmental advising and worked at GW for six years, told students in an email Tuesday that he was leaving the school. He said in an email to The Hatchet that he is leaving GW for “personal and professional reasons,” and did not respond to a request to elaborate on where he will be working next.

“My departure does not, in any way, reflect the wonderful experience that I have had working here,” he told The Hatchet. “I am working with my colleagues to ensure a smooth transition for students.

Tarimcilar said it is common for leadership to have diverging opinions in complex academic organizations, but “the focus should never be about the individuals.”

“It should always be about the future of the school, which has been and will always be of utmost importance to me,” he said. “I believe, at this point, the school will be better served if I contribute as a faculty member rather than as a vice dean.”

He said it is difficult to see any members of the community exit, and that the school will “gather up and move on” after the inevitable “hiccup” such shifts prompt.

Guthrie, entering his third year as the business school’s dean, said Carter and Fillian were valuable employees and hoped this would be the only year marked by high turnover.

“I hope it’s an anomaly. Both Larry and Joelle have been here a long time and we hope to find replacements for them who will be here for a long time going forward. You want to find stability in the organization,” Guthrie said. He did not immediately return a request for comment regarding Tarimcilar’s announcement.

He added that he not spoken to Carter or Fillian about why they are leaving, but said the school has “the system and structure in place allows for these kinds of transitions to happen.”

The dean’s office’s has also seen a revolving door of undergraduate chiefs this year. Business ethics professor Tim Fort took on an interim role as associate dean for undergraduate programs this year after former associate dean Ken Singleton went on sabbatical last summer.

In April, finance professor Isabelle Bajeux-Besnainou took on the permanent position as associate dean for undergraduate programs. Bajeaux-Besnainou said she was out of the country and unavailable to comment on Carter’s and Fillian’s departures.

The school’s undergraduate programs took a hit in the Bloomberg Businessweek annual rankings in March. The school fell seven spots to No. 66 – its worst standing since the rankings began seven years ago – and scored low marks in student satisfaction.

Geoff Gloeckler, a staff editor at Businessweek who compiles the business school rankings, told The Hatchet in March that student said in surveys that they were dissatisfied with communication with administrators.

- Chloe Sorvino and Priya Anand contributed to this report

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Friday, June 15, 2012 12:22 p.m.

Business school adds four online graduate programs

by Cory Weinberg
Duques Hall, School of Business

The GW School of Business, housed in Duques Hall, will offer three new online degree programs this fall, administrators announced Thursday. Hatchet File Photo

Correction appended

The GW School of Business unveiled four online graduate programs Thursday that will use social networking and mentoring programs to keep graduate students connected.

An online masters of business administration, masters of tourism administration and two masters of science degrees in information systems technology management and project management will be offered, part of a plan to boost enrollment as business schools nationwide jostle to make their mark on online learning.

The suite of graduate programs are dubbed “GWSB: DC,” or digital community. The school partnered with the education technology company Pearson to use social networks and multimedia to teach ethical leadership, globalization and social responsibility.

“We are striving to leverage technology to help us grow without sacrificing that which we hold dear – student attachment to and feeling of belongingness in our program,” Associate Dean for MBA Programs Liesl Riddle said in an email.

The business school’s first online MBA program in healthcare landed a spot among the top 14 online graduate business programs in January’s inaugural U.S. News & World Report ranking of online graduate programs.

The new programs will use the same curriculum as the business school’s face-to-face professional MBA program, Riddle added, and will not be as specialized as the healthcare program.

The 52.5-credit online MBA will cost students $1,420 per credit, bringing each program’s total tuition to $74,550 – equal to tuition for the regular professional MBA degree. The program will start with an initial cohort of 25 to 40 students this fall, with plans to enroll 100 to 120 students in the first year over the spring and summer semesters, Riddle said.

Business school administrators said last fall that reaching more students through online programming was a priority as other top schools launched new programs.

The school could develop the programs into a hybrid model, which combines classroom and online learning, after their first year, Riddle said. Business school alumni will also team up with students in a mentorship program.

“With the GWSB:DC online MBA, we are now able to reach a broader distance-learning audience with our programs beyond students interested in the healthcare industry,” Riddle said.

This post was updated June 18, 2012 and June 20, 2012 to reflect the following:

Due to incorrect information from a source, The Hatchet incorrectly reported that three online degree programs would be offered. The business school will actually offer four new online degrees. Also, due to incorrect information on a University website, the Hatchet incorrectly reported tuition charged for the online MBA program. Students will pay $1,420 per credit.

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Wednesday, May 30, 2012 9:35 a.m.

Business school tourism program to partner with Jordan university

by Cory Weinberg

University President Steven Knapp signed an agreement Tuesday to exchange faculty and students with the University of Jordan, part of a plan for GW to help the Middle Eastern school build up its tourism program.

Scholars and administrators from the GW School of Business’ International Institute of Tourism Studies will take part in strengthening University of Jordan’s tourism and hospitality school, which enrolls 200 students after launching three years ago.

University President Steven Knapp and Ekhleif Tarawneh, president of the University of Jordan, signed a memorandum of understanding Tuesday to exchange students and faculty between the universities' tourism programs. Photo courtesy of the Office of Media Relations

Knapp joined University of Jordan President Ekhleif Tarawneh in Amman, Jordan to sign the memorandum of understanding formalizing the two schools’ relationship.

“The George Washington University is honored to sign this agreement with the University of Jordan to develop collaborative research, academic programs and training projects in Jordan and the United States,” Knapp said in a release.

GW’s business school offers a master of tourism administration degree, and its tourism program already established ties with universities in Brazil, Canada, South Korea and Trinidad and Tobago. The University was the first in the country to offer a tourism master’s degree in 1974.

University of Jordan’s tourism school, which prepares students to jump into the country’s largest private sector employer, started in 2009 in Aqaba, a coastal city near the country’s borders with Israel and Saudi Arabia.

Tourism has slumped in Jordan over the past two years since unrest started in the region, according to a March article in The New York Times. The country shares its northern border with Syria and part of its northeastern border with Iraq.

Jordan also boasts tourist attractions like coral reefs, ancient mosques and the archaeological city Petra, one of the New Seven Wonders of the World.

“Jordan has much to offer as a tourism destination. GW has enjoyed a long-standing relationship with the tourism sector in Jordan. We look forward to this new partnership with the University of Jordan and to working together to build an even stronger tourism workforce for Jordan and the entire region,” Kristin Lamoureux, director of the International Institute of Tourism Studies, said in a release.

The University has already sent medical students and doctors to work in the country’s hospitals, as the School of Medicine and Health Sciences has a similar agreement with the University of Jordan.

Knapp met with medical students and physicians who have studied and worked at GW on his trip, which also included meetings with Jordan’s Queen Rania Al Abdullah and Fayez Ahmad al-Tarawneh, prime minister and minister of defense of Jordan.

The University has long looked to expand its global reach, but its international focus has been sharpened over the last year. Globalization is a central theme to GW’s upcoming strategic plan, which may lay out a blueprint for it to establish stronger ties in Asia, South America and sub-Saharan Africa.

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Friday, March 30, 2012 10:48 a.m.

Federal Reserve critic hits back against Bernanke lectures

by The GW Hatchet

Investor Peter Schiff accused Federal Reserve Chairman Ben Bernanke of missing signs of the recession in a lecture held at the Reason Foundation Thursday. Delaney Walsh | Hatchet Photographer

This post was written by Hatchet staff writer Katherine Rodriguez.

Federal Reserve Chairman Ben Bernanke defended the central bank’s role in the financial collapse during his final lecture Thursday to 30 students.

But one of Bernanke’s sharpest critics wanted to tell the other side of the story.

Peter Schiff, an investor and former economic adviser for Rep. Ron Paul, R-Texas, warned that Bernanke presented a “revisionist” history of the recession in a counter-lecture at the Reason Foundation, a public policy think tank.

“Ben Bernanke’s been complacent. The recession was in the Federal Reserve’s power,” Schiff said. “He’s a liar.”

The chief executive officer of both a Connecticut-based broker-dealer and a gold and silver dealer in New York City, Schiff has risen as one of the top libertarian voices against Bernanke after Schiff forecasted the looming recession in his 2007 book “Crash Proof.”

Schiff, whom The Wall Street Journal called a “financial fortune teller for Tea Party activists” in 2010, argued for anti-deficit and anti-inflationary monetary policies at the counter-lecture, which was not sponsored by the University even though about 30 students attended. Ten of whom also enrolled in Bernanke’s class.

“The University wants to have people who worked for the government as mouthpieces,” Schiff said.

He presented a slide-by-slide counterpoint to Bernanke’s four lectures at the GW School of Business, which he said presented a lopsided Keynesian view of economics.

Schiff, who is wary of inflation, said the Fed overreached when it drove interest rates to near-zero and purchased rounds of bonds, an action Bernanke defended Thursday as a way to help the economy recover on the heels of the financial collapse.

Bernanke said in his class that while another financial crisis was “probably unavoidable,” he projected the  country would soon return to stable 3 percent annual growth.

The Federal Reserve failed when the central bankers ignored the housing bubble that built up before the recession, something Bernanke has failed to note in his lectures, Schiff said.

“Students should do their research. Past performance is not indicative of future results,” Schiff said. “The Federal Reserve confused the housing bubble with recovery. When we had this housing bubble, Bernanke said it didn’t exist.”

About ten students enrolled in Bernanke’s class also attended the counter-lecture, saying they wanted to hear another economic perspective on a financial crisis that has divided experts.

“[We’re getting] broad points of views in order to allow us to decide what we think is right, wrong and makes the most sense,” junior economics major David Pomeroy said. “I tend to think the truth lies somewhere in the middle.”

 

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Friday, March 23, 2012 3:47 p.m.

Business school slumps in undergraduate rankings

by The GW Hatchet
Duques Hall, School of Business

The School of Business, housed in Duques Hall, fell seven slots in Bloomberg Businessweek's rankings of undergraduate programs. Hatchet File photo. Hatchet file photo

This post was written by Hatchet reporter Kelly Quinn.

The GW School of Business’s undergraduate program slipped seven spots to No. 66 in the annual ranking released Tuesday by Bloomberg Businessweek.

The rankings, which are weighed on nine measures including student satisfaction, job placement and academic quality, showed the school losing the most ground in surveys from corporate recruiters.

“I’m obviously concerned. Businessweek is a tough one because it’s quantitative, so small numbers make huge fluctuations. I don’t want to overreact to this though,” said Murat Tarimcilar, the business school’s vice dean of programs and education.

The school maintained a top-20 nod among schools who fed undergraduate students into top master’s programs.

This school’s ranking was its lowest in the seven years Businessweek has judged undergraduate programs. Tarimcilar added that the volatility of the rankings was frustrating, with the school starting at No. 41 in 2006 and fluctuating from year to year.

He said business school administrators would go to New York City to meet with Businessweek editors and examine more detailed data gathered from student and recruiter surveys.

Geoff Gloeckler, a staff editor at Businessweek who compiles the business school rankings, said the business school’s low student satisfaction, which sat at No. 96 this year, has been its undoing.

Students noted in surveys that communication with administrators fell short of expectations, Gloeckler said. This hurt the school, he said, “especially when you see these other schools where students are lauding how great the communication is.”

Students were also dissatisfied with the school’s academic advising, Gloeckler said.

Murat Tarimcilar, the business school's vice dean for programs and education, said administrators would examine the ranking's survey data, which hurt the school's standing. Hatchet File Photo

The drop comes as business school administrators are planning an undergraduate curriculum overhaul, which business school Dean Doug Guthrie has said will favor ethics and social responsibility.

When he took over as dean two years ago, Guthrie said he said raising the school’s ranking was a top priority.

“[The Businessweek ranking] is a great justification to go through with this curriculum overhaul and strategic planning. I’m interested in an incentive for the faculty to look at the curriculum and program as a whole and question everything we do,” Tarimcilar said. “It’s not an alarming thing, but it’s something that tells us there’s some room where we can improve.”

Gloeckler said the curriculum revamp, especially one that stresses ethics, would likely prove beneficial to the University in the long run.

The business school also faced drops in graduate program rankings from U.S. News & World Report and The Financial Times this year. The Aspen Institute, which promotes social consciousness in business, ranked the business school graduate programs No. 11 in the world last year in promoting ethics and responsibility.

Notre Dame’s Mendoza College of Business earned the Bloomberg Businessweek’s top spot for the third year.

“There’s no denying that rankings play a role in students decisions. As shallow as rankings are, and it shows in terms of fluctuations with small data variations, it’s a reality of life,” Tarimcilar said. “We all have to live it.”

- Cory Weinberg contributed to this report

 

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Thursday, Jan. 26, 2012 11:44 a.m.

Ben Bernanke to guest lecture in business school class

by Lauren French

Ben Bernanke

The chairman of the Federal Reserve will give four guest lectures to students through a School of Business course this semester, the Federal Reserve and GW announced today.

The class, dubbed “The Federal Reserve and Its Role in Today’s Economy” and taught by professor Tim Fort, will be open to undergraduate students with a basic understanding of the Federal Reserve. It will begin March 20.

Chairman Ben Bernanke will attend the March 20, 22, 27 and 29 classes.

“Chairman Bernanke’s distinguished career and tenure at the Federal Reserve place him in a unique position to provide GWSB students with an unmatched understanding of the Federal Reserve’s role in today’s economy,” business school dean Doug Guthrie said.

Bernanke first took over as Federal Reserve chairman in February 2006, and began his second term in 2010.

Interested students must apply for the 1.5 credit course. GW will announce the process at a later date. The course will also be streamed online.

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