Jessica Hennessey (Ph.D., University of Maryland at College Park) joined the Furman economics faculty in the fall of 2009. Her research focuses on causes and consequences of institutional change within a fiscal federalism framework. Her teaching interests include public finance, economic history, microeconomics, and econometrics. A talented and dedicated advisor, Professor Hennessey is a deserving recipient of the Alester G. Furman, Jr. and Janie Earle Furman Award for Meritorious Advising, and she has been a co-advisor of the Furman Economic Society.

Name Title Description


Introduction to Economics

Introduction to the essential concepts of economic analysis and implications for public policy. Emphasis on examining the operation of markets in both a macro and micro setting. Topics include: inflation, unemployment and monetary policy as well as consumer behavior, the operation of business firms, and supply and demand. Offerings at other institutions are not typically considered equivalent to this course unless they provide thorough coverage of topics introduced in both macro and microeconomics.


Public Finance

Microeconomic analysis of government expenditure and tax policies, with attention to social security, national health insurance, welfare programs, individual income tax and other current topics.


Government and Business

Evolution of governmental involvement in the U.S. economy. Special emphasis on the relationship between government and the business community; the structure, behavior and performance of the business community which have induced government response; the interpretation and application of antitrust law; and a brief survey of public utilities and transportation economics.


Empirical Methods in Economics

Introduction to the methods of preparing and analyzing data for economic research. Students become familiar with the basic empirical methods used by economists, particularly regression analysis. Computer software packages used extensively.


Senior Seminar in Economics

Capstone course for economics majors. Reading and analysis of selected topics. Research, data analysis and writing of selected topics. Presentation of student research in oral forum.


Furman Advantage Adv & Mntr

“Incentivizing laboratory federalism: can everyone participate?,” with Thomas Flood and Caroline Bowman. Public and Municipal Finance, 2(1), 2013, 56-70.​

“Motivating a Productive Discussion of Normative Issues Through Debates.” Journal of Economic Education, 45(3), 2014, 225-239.​​

“Loss of Control: Legislature Changes and the State‐Local Relationship.” Constitutional Political Economy, 25(4), 2014, 407-433.

“The Adoption of Constitutional Home Rule: A Test of Endogenous Policy Decentralization,” 2014, accepted at Eastern Economic Journal.

  • 2011-12 Alester G. Furman, Jr., and Janie Earle Furman Award for Meritorious Advising
    University of Maryland
    Carleton College

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