CoBE alum lands dream job using Econ, Communication, and English skills

Thursday, March 25, 2021, 5:00am by

Seth Master graduated in December with honors with degrees in Economics and Communication and a certificate in Creative Writing.  These qualifications opened many different career paths to him, but he had a very specific goal.  He wanted to stay on Hawaii Island and use his education to help uplift families and community.

Master took a position as Employment Counselor for Goodwill Hawaii. Goodwill Hawaii is a 501 (c)(3) non-profit charity that helps people with employment barriers to reach their full potential and become self-sufficient.

“This position allows me to interact personally with clients and connect them to the help they need,” he says. This help can be skill-building, tuition assistance, job search support, help with acculturation, or other types of career-related assistance. “I get to use my experience from UH Hilo being the most culturally diverse university to my advantage as I interact with people from all over the world.”

Master says all three areas of study have come into play in his new position.

“I am thankful for my econ professors who helped me understand the flow and nature of money as I now counsel members of our society who are hurting,” he says, “and for the communication department for equipping me to communicate inter-culturally and effectively. My English professors will be proud to hear that I write  and personalized employment plans for families, in addition to completing tons of paperwork!”

For those still in school, Master advises focusing on the big picture, and looking outward and forward:

“Keep your heads up in the trying time of continued online class work. It won’t be like this forever. Find out what you can do to take steps towards a better tomorrow now and then take those steps! Be the leaders and the creative minds Hawaii deserves and let’s build up our local economy!”

Goodwill Hawaii’s employment services are available free of charge to eligible families.

CoBE Econ Professor Keisuke Nakao Honored for Research on Two-Front War

Monday, February 15, 2021, 2:28am by

Dr. Keisuke Nakao, Associate Professor of Economics, was selected to receive the 4th Walter Isard Annual Award for the year 2020’s best article in Peace Economics Peace Science and Public Policy (PEPS). PEPS is a scholarly journal whose aim is promoting and disseminating the study of peace economics. Walter Isard, after whom the award is named, was the journal’s founder. The journal’s editor-in-chief and associate editors voted unanimously to award best paper status to Dr. Nakao’s  “Rationalist Explanations for Two-Front War,” describing it as “brilliant theoretical work.”

Advancing our understanding of conflict among three or more states

While theorists in International Relations have developed a number of models of war fought between two states, they have devoted much less efforts to modeling war among three or more states presumably because of difficulties with modeling multilateral interactions. By focusing on a particular form of war—two-front war—where a state at the center is fought by two enemies at opposing peripheries, the article addresses why war can break out in one front and then spread to the other. Because a war in one front can affect the war outcome in the other through the shift of military balance, a peripheral state may preventively join the war ongoing in the other front to leverage its power (e.g., Napoleonic Wars), or the central state may preemptively initiate war in one front to establish its preponderance in the other (e.g., World War I). These findings echo the concern that a multi-polar system may not be so stable as the bipolar system that existing models of war commonly presume.

Economics is about more than just supply and demand curves

Dr. Nakao’s research illustrates the expansive reach of the economics field. Economics principles can be applied to business, government, education, international aid, and personal finance, among other things.

Economics, at its very heart, is the study of people. It seeks to explain what drives human behaviour, decisions and reactions when faced with difficulties or successes. ~ Dr. Yu-Hsiang Lei, London School of Economics

The College of Business and Economics offers a BBA with a concentration in Applied Economics, a minor in Economics, and  Economics courses a la carte. In the fall of 2021, in addition to introductory and intermediate microeconomics and macroeconomics, we will offer ECON 430 Quantitative Forecasting, and ECON 482 Natural Resource Environmental Economics.

About Dr. Nakao

Dr. Keisuke Nakao is Associate Professor of Economics in the College of Business and Economics. He received his Ph.D. in Economics with an emphasis on Game Theory and Political Economy from Boston University. His research interests center on Positive Theory of International Politics. Dr. Nakao has published in such outlets as Journal of Peace Research; Journal of Theoretical Politics; Economics & Politics; B.E. Journal of Economic Analysis & Policy; Defence & Peace Economics; Peace Economics, Peace Science, & Public Policy; Review of Law & Economics; Economics Bulletin; Economics of Peace & Security Journal; and Asian Journal of Law & Economics. He is currently working on game-theoretic analyses of armed conflict.

Money and Banking course sees record enrollment as students seek to understand current events

Monday, August 24, 2020, 7:07pm by

The College of Business and Economics is seeing unprecedented enrollment in ECON 340, Money and Banking.

The course covers:

  • The relationship between the monetary system and price levels, employment and income.
  • The nature and functions of money and banking.
  • The role of money in international trade and inflation.

ECON 340 fulfills a requirement for the BBA degree, but it is also attracting attention from other majors and even non-students.

Dr. Amir Mohammadian, who teaches ECON 340, says he is not surprised that in this volatile and often-confusing era, students want to learn how our economic systems work:

Basically, every financial decision we make depends on what is happening in the financial markets. This course helps you gain a clear understanding of how financial markets work, how they are connected to each other, and the role of monetary policy.

ECON 340 gives students a glimpse behind the curtain at the impact the Federal Reserve, the central banking system of the United States, has on the economy. Dr. Mohammadian says,

What I find even more interesting about this course is that we learn about the channel through which the Fed influences the banking system, financial markets and as a result our life, career, and economic well-being. The knowledge you gain in this class will help you to make rational, thoughtful, and educated decisions for your financial plans based on current and future economic conditions.

CoBE is working to accommodate everyone who wants to take the class. Those wishing to take Money and Banking on a non-credit basis, please contact the College of Business and Economics Executive Education program at exedcobe@hawaii.edu or 808.932.7272.

CoBE agri-tourism expert Fa`anunu featured panelist in July 21 webinar

Monday, July 20, 2020, 10:54pm by

The Hawai‘i Island Farm Trails smartphone application and website, a venture co-founded by CoBE’s Dr. Angela Fa‘anunu, has won $5,000 in the MahiX Open Innovation ChallengeHawai‘i Farm Trails connects farmers to visitors by promoting farm tours, farmers markets, and agricultural events on Hawai‘i Island. (more…)

Certificates in Business, IT, and Finance sought as pandemic disrupts careers

Thursday, June 25, 2020, 7:25am by

Strada Education reports that over half of Americans are concerned about job security in the wake of the pandemic, and many of those believe a career change would require more education. Career-changers prefer certificates over 4-year degrees.

Potential career-switchers prefer non-degree programs

Source: Strada Education

The most popular fields to switch into are Business, Information Technology, and Finance.

18% want to switch to business; 14% to IT; and 9% to finance.

Source: Strada Education

The  University of Hawaiʻi at Hilo offers non-degree certificates in  AccountingBusiness AdministrationData Science,  Finance, and Health Care Administration.  Apply here to enroll in a non-degree certificate; no application fee is required.

The College of Business and Economics also offers executive education and proctoring of professional exams. Contact cobeuhh@hawaii.edu for more information.