Economics
Mark C. Schug, Ph.D., is Professor Emeritus at the University of Wisconsin- Milwaukee and President of Mark Schug Consulting. Professor Schug earned his Ph.D. from the University of Minnesota and taught for over 36 years. His primary focus is on economics and financial education. He has written and edited over 230 publications, including over 125 articles in several national journals and over 25 books and monographs as author or co-author. Most recently, he served as co-editor of “Teaching Economics in Troubled Times,” published by Routledge Press, and as co-author of the national award-winning book, “Economic Episodes in American History” (with William C. Wood), published by Wohl Publishing. Professor Schug has spoken to local, state and national groups throughout the United States and abroad. He has received four national awards for leadership, curriculum writing, service and research in economic education.
The Economy of President Trump One Year after the Election
Economists Analyze the Ups and Downs of President Trump’s First Year
It may be hard to believe, but it was almost one year ago that Donald Trump shocked the world when he was elected President of the United States. A lot has happened since then. Today, we have a clearer picture of the economic direction of the Trump administration.
We have invited an outstanding panel of FAU economists to analyze the economic policies that have emerged thus far from the administration and Congress.
Mr. Dan Mangru, the Founder and Managing Director of The Global Advisory Group and experienced television host, will moderate the discussion.
Our panelists will be:
- Daniel Gropper, Florida Atlantic University, Dean of the College of Business
- Professor Keith Jakee, Economics, Florida Atlantic University, Wilkes Honor College
- Professor Kanybek Nur-tegin, Economics, Florida Atlantic University, Wilkes Honor College
- Professor Mark C. Schug, University of Wisconsin-Milwaukee, Emeritus and FAU Adjunct Professor of Economics
While it is hard to know exactly what the news will be in November of 2017, we imagine that trade, taxes and government spending will be in the news. Rest assured that whatever the latest economic policies and controversies are, those will be the focus of the panelists.
Register Early! There is a $5 charge for registering on the day of a one-time lecture or event.
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| Course # F1R3 — One Time Event
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| Place: | Auditorium, Lifelong Learning Complex, Jupiter Campus |
| Dates: | Thursday, November 2 2017 |
| Time: | 4:30 - 6:30 PM |
| Fee: | $25 / member; $35 / non-member |
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Register Now
Why is Israel an Economic Success?
An Economic Analysis of Israel and Some of Its Neighbors Including Egypt
Israel is a nation of 8 million people living in an area about the size of New Jersey. It has limited arable land and natural freshwater resources. It has some natural resources including timber, potash, copper ore and natural gas. But, it must import crude oil, grain and raw materials. On the surface, it appears that Israel faces serious economic challenges.
Let’s turn to Egypt to get some perspective. Egypt is a much larger nation. It is more than eight times the size of Ohio and has a population approaching 95 million people. It has a relatively large endowment of natural resources including petroleum, natural gas, iron ore, phosphates, manganese, limestone, gypsum, talc, asbestos, lead, rare earth elements and zinc; not to mention the highly fertile Nile River valley. The Egyptian economy is one of the largest in the region. It clocks in at about $1 trillion GDP as measured by purchasing power parity. In comparison, Israel has a total GDP of about $300 billion as measured by purchasing power parity.
But, if we look at per capita GDP, the difference between the two nations is stark. Israel’s per capital GDP is $34,000 compared to Egypt’s which is $12,100. In per capita terms, Israel’s economy is more than twice as large as Egypt’s. Israel has a standard of living comparable to many in Europe while Egypt continues to face high levels of poverty and high rates of unemployment.
What explains why Israel is one of the most prosperous nations in the world given the many countries obstacles it has had to face?
Register Early! There is a $5 charge for registering on the day of a one-time lecture or event.
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| Course # F1M5 — One Time Event
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| Place: | Auditorium, Lifelong Learning Complex, Jupiter Campus |
| Dates: | Monday, December 11 2017 |
| Time: | 9:30 - 11 AM |
| Fee: | $25 / member; $35 / non-member |
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Register Now
