PJ Glandon joined the economics department in the fall of 2012 after completing his doctorate at Vanderbilt University. Prior to graduate school, he worked for Procter Gamble in Cincinnati as a financial analyst in their pharmaceuticals and personal health care divisions. His current research studies the pricing behavior from a macroeconomic perspective. He has published articles on the role that temporary price reductions (sales) play in business cycles and how competition affects pricing strategy. He is currently working documenting the methodology used by macroeconomists and how it has changed over time.
Glandon teaches principles of macroeconomics, intermediate macroeconomic theory, introduction to econometrics, advanced econometrics, portfolio allocation and industrial organization.
Areas of Expertise
Macroeconomics, finance
Education
2011 — Doctor of Philosophy from Vanderbilt University
2000 — Bachelor of Science from Miami University Oxford
Courses Recently Taught
This course studies national economic performance. Building upon the microeconomic theories of consumer and producer behavior developed in ECON 101, the course introduces models that focus on the questions of unemployment, inflation and growth. Topics covered include measurement of national income and inflation, macroeconomic models, saving and investment, money and banking, fiscal and monetary policy, and international trade and finance. This course is required for the major. Prerequisite: ECON 101. Offered every spring semester.
This course examines the optimal allocation of an individual's wealth among risky financial assets and the related question of the pricing of these risky assets. After a consideration of various measures of risk and return, modern portfolio theory is used to derive the capital asset pricing model. The empirical performance of the capital asset pricing model is analyzed, and alternative asset pricing models are discussed. Throughout the course, equity shares will be used as a particular application. The remainder of the course is spent on derivative assets, most important, futures and options. Time permitting, options are treated in some detail, concluding with a discussion of the Black-Scholes option-pricing model. While completing assignments, students make fairly heavy use of a spreadsheet program such as Excel. This counts toward an elective for the major. Prerequisite: ECON 101, 102 and a college course in statistics or a 4 or 5 on the AP statistics exam. Generally offered every year.
This course provides an introduction to industrial organization, a field that focuses on how firms, interacting through markets, attempt to exploit opportunities for profit. We examine the standard models of perfect and imperfect competition, emphasizing the strategic behavior of the interacting firms. Topics include pricing models, strategic aspects of business practice, vertical integration and technological change. This counts toward an elective for the major. Prerequisite: ECON 101, 102 and 201. Generally offered every other year.
This seminar studies the empirical testing of economic models. The focus varies depending on the instructor. Possible topics include instrumental variable analysis, time series analysis, panel data analysis and limited dependent variables. Each student undertakes and reports on a research project. This counts toward the seminar requirement for the major. Prerequisite: ECON 101, 102 and 205. Generally offered every other year.
This seminar studies the empirical testing of economic models. The focus varies depending on the instructor. Possible topics include instrumental variable analysis, time series analysis, panel data analysis and limited dependent variables. Each student undertakes and reports on a research project. This counts toward the seminar requirement for the major. Prerequisite: ECON 101, 102 and 205. Generally offered every other year.
