FARZAD FARSIO, Ph.D.
PROFESSOR OF ECONOMICS/FINANCE
EDUCATION
Ph.D. in Economics/Area of Specialization: Finance and Quantitative Methods
The ClaremontGraduateUniversity
Claremont, California
Dissertation Topic: Exchange Rate and Stock Prices
MBA, NorthropUniversity
Inglewood, California
BA in Economics
University of Tehran
Tehran, Iran
UNDERGRADUATE COURSES TAUGHT
Principles of Financial Management (online and onsite), Intermediate Financial Management, Corporate Finance, Investments, Research in Finance and Economics, Business Forecasting, Principles of Macroeconomics (online and onsite) , Intermediate Macroeconomics,Principles ofMicroeconomics,Statistics for Business and Economics, ,Introductionto Business,DecisionAnalysis
GRADUATE COURSES TAUGHT
Financial management, Macroeconomics, Quantitative Decision-Making, Business Field Experience,Investments
PUBLICATIONS
2007. “Understanding Macroeconomics”, Textbook, Co-author: Professor Edwin Dolan of Yale University, Horizon Textbook Publishing, Second Edition, May 2007.
2006. “Can Book-to-Market Ratio (B/M) Predict Stock Returns?", Co-Authors: Travis Lance and Tyler Chapmon, Journal of Business and Economic Perspectives,Vol. XXXII, No. 2, Fall/Winter, 2006, pp. 136-142.
2006. “Understanding Macroeconomics”, Textbook, Co-author: Professor Edwin Dolan of Yale University, Horizon Textbook Publishing, First Edition, July 2006.
2006. “ADR and Exchange Rates”, Co-Authors: Christine Mueller and Emily Bachman, Indian Journal of Economics and Business, Volume 5, Number 2, December 2006, PP.271-277.
2005. “Job Outsourcing and the GDP/Unemployment Relationship”, Co-author: David Sande, Review of Business Research, Volume V, Number 2, 2005, PP.91-94.
2005. “ADR Returns and Exchange Rates”, Co-authors: Christine Mueller and Emily Bachman, Proceedings of The American Society of Business and Behavioral Sciences, Feb. 2005, Vol. 12, Number 1, PP. 1257-1270.
2004. “Relationship Between Earnings and Dividends”, Co-authors: Amanda Geary and Justin Moser, Journal for Economic Educators, Volume 4, Number 4, Fall 2004, PP.1-5.
2003 "Finding the Right Predictions for Earnings, Case: Japanese Retail Industry", Journal of Academy of Accounting and Finance Studies, Volume 7, Number 1, Summer 2003, PP. 85- 91.
2003. "An Empirical Analysis of the Relationship Between GDP and Unemployment", Co-author: Stacey Quade, Journal of Humanomics, Volume 19, Numbers 2 & 3, Summer 2003, PP.1-5.
2003. "An Empirical Analysis of the Phillips Curve", Co-authors: Kris Eklund and Rick Frye, Proceedings of The American Society of Business and Behavioral Sciences, Feb. 2003, Vol. 10, Number 1, PP. 435-439.
2002. “Economic Value Added (EVA) and Stock Returns”, Co-authors: Joe Degel and Julia Degner, Journal of Financier, Volume 7, Number 1-4, Spring 2002, PP 115-118.
2001. “Market Capitalization and Stock Returns”, Proceedings of The American Society of Business and Behavioral Sciences, Feb. 2001.
2000. “Book to Market Ratio, Firm Size, and Stock Returns: A Critique on Recent Empirical Studies”, Co-author: Mike Doty, Journal of Business and Economic Perspectives, Volume XXVI*, Number 1, Spring/Summer 2000, PP 46-50.
2000. "An Empirical Investigation of the Effects of Book to Market Ratio and Dividend Yield on Stock Returns”, Proceedings of The American Society of Business and Behavioral Sciences, Feb. 2000, Vol. 7, Number 1, PP.4-11.
1999. “Prediction of Stock Returns Using Dividend Yield and P/E Ratio”, Journal of Massachusetts Society of Certified Public Accountants, October, 1999.
1999. “How to Find Under-Valued Stocks?”, Journal of Massachusetts Society of Certified Public Accountants”, January, 1999.
1997. “Money Supply and Stock Prices: An Empirical Investigation” ,co-author; Stacey Suydam, Journal ofBusiness and Economic Perspectives, Volume XXII*, Number 1, Spring/Summer 1997, pp.27-37.
1996. "The Relationship Between Bond Prices and Stock Prices", Journal of Business and Economic Perspectives, Volume XXII, Number 1, Spring/Summer 1996, pp.62-75.
1994. "An International Evidence on the Relationship Between Exchange Rates and Stock Prices: A Cointegration and VAR Approach," co-author: Dr. M. Safarzadeh, Journal of Business and Economic Perspectives, Volume XX, Number 2, fall 1994, pp. 88-98.
1993. "Interrelationships Among Interest Rate, Exchange Rate and Stock Prices, Case: Japan, Germany and England," co-author: Dr. S. Fazel, InternationalReview of Economics and Business, vol. 40, October-November 1993, No. 10- 11, pp. 941-951.
- "Exchange Rate Variability and Stock Prices," co-author: Dr. M. Safarzadeh, New York Economic Review, vol. 24, fall 1993, pp. 15-23.
- "The Dollar and the Dow," co-authors: Professors T. Willett and T. Goodwin, International Review of Economics and Business, vol. 39, No. 10-11, October-November, 1992, pp. 899-906.
- "Is the Loss in Japan's Economy a Gain for U.S.?” Big Sky Business Journal, July 1992.
- "Are Stock Prices Overpriced in Current Recession?” Big Sky Business Journal, October 1991.
ACADEMIC
AWARDS AND
ACHIEVEMENTS
May 2007, Emeritus Professor Title
April 2007, Meritorious Post Tenure Award
March 2007, The MSU-Billings “Faculty Achievement Award for Excellence in
Teaching, Scholarship and Service” Third Consecutive Award, Eligible for Nomination Every 6 Years (1 of 3 among about 200 professors)
April 2003, Meritorious Post Tenure Award
April 2003, College of Business “2003 Outstanding Scholarship Award”
April 2002, College of Business “2002 Outstanding Teaching Award"
April 2002, College of Business "2002 Outstanding Scholarship Award"
April 2001, The MSU-Billings “Faculty Achievement Award for Excellence in
Teaching, Scholarship and Service” Second Consecutive Award, Eligible for Nomination Every 6 Years (1 of 3 among about 200 professors)
April 2001, College of Business “2001 Outstanding Faculty Award”
April 2001, College of Business “ 2001 Scholarship Award”
November 2000, College of Business “2000 Scholarship Award”
March 1998, “Who is Who” teaching award
August 1996, Promotion to the rank of Full Professor
April 1996, The “Outstanding Teaching Award” by MSU-B student Association
April 1995, The MSU-Billings “Faculty Achievement Award for Excellence in
Teaching, Scholarship and Service”, (1 of 3 among about 200 professors)
April 1994: Granted Tenure
August 1992: Promotion to the rank of Associate Professor
1992-1993: Merit Award for Excellence in Academic Performance