Economics Newsletter Spring 2013

On behalf of the ECBU faculty and staff, welcome to the 7th edition of the department’s newsletter. There are several significant changes afoot that I want to bring to your attention.

First, Col. Floyd Duncan, department head and longtime faculty member in the department, retired effective May 31, 2013. We will miss his leadership and camaraderie but wish him a long and happy next chapter in life. On June 1, 2013, I became the new department head. I was fortunate to be appointed to the position in fall of 2012, thus being able to work with Floyd and learn a great deal about the job.

Second, replacing Floyd on the faculty is Bing Jiang, who recently received her Ph.D. in economics from Emory University. In this newsletter you will find a link to her bio. We are excited to have her join the department.

Third, in addition to being department head, Floyd Duncan was the holder of the Robert’s Chair in Free Enterprise Economics. That chair is now held by Col. Atin Basu, who is well-deserving of this honor.

We hope you will enjoy reading about the many exciting activities and accomplishments of the past academic year. Just click on the topic heading for the full story.

Best Regards,

Col. Bob Moreschi
Department Head

The Major Field Test in Business 
Though not up to our usual standards, the Class of 2013 did improve upon the previous years performance on the Educational Testing Service’s Major Field Test — Business (MFTB).

Faculty Research 
Our faculty has been hard at work publishing research in academic journals as well as presenting their research at various conferences around the country and the world.

New Faculty 
We are very fortunate to have one new faculty members joining our department.

The Cadet Investment Group 
The Cadet Investment Group (CIG) was founded in 1986 by the VMI Foundation. The group’s mission is to learn about investing. To do this, members serve as investment analysts and portfolio managers.

Cadet Internships 
In the summer of 2013, thirteen cadets will be participating in internships at various businesses across the country. Some of these cadets are also doing the associated academic work required to earn business or economic elective credits for their internships.

Honor Societies 
The Sigma Beta Delta, the Honor Society for Business and Omicron Delta Economics Honor Society were quite active this past year thanks to cadet leadership.

Cadet Awards 
The Annual Honors Banquet to recognize our top cadets was held on 19 March.

Memorandum of Understanding
VMI has established memorandum of understanding (MOU) agreements with five graduate schools in business.

Alumni Survey
Calling all members of the Classes of 1998 and 2008.

Stay Connected to ECBU
Please let us know what you've been up to by emailing us at or look us up on Facebook (search for “VMI Economics and Business”). If you are interested in hosting a field trip, accepting an intern, speaking to our cadets or helping out in any way at all, just let us know. Even if you have nothing to report, send an email to let us know that you want to be on our email list.