The Mayo Innovation Scholars Program (MISP) is an experiential, interdisciplinary learning opportunity that engages science and economics majors at select Minnesota private colleges in evaluating the commercial potential for inventions and discoveries by Mayo Clinic physicians and researchers. Each student is led by a MBA student and advised by a Licensing Manager from the Mayo Clinic Office of Intellectual Property. The student team gains valuable insights and experience in assessing and evaluating new medical technologies, devices, and ideas submitted to the Mayo Clinic’s Office of Intellectual Property. The experience culminates with a presentation of the team’s research findings at the Mayo Clinic in Rochester, MN.
Participating Mayo Scholar Students in 2013 included economics major Brianna Noland, biology majors Joe Buchman, Sandra Hinzs, Zachary Stevens and Augsburg MBA student Kelvyn Henderson. Faculty mentors for the team were Economics Professor Stella Hofrenning and Biology Professor David Crowe.
The Mayo Innovation Scholars Program is an annual research opportunity. There is a competitive selection process every fall to determine participating students. Please see Undergraduate Research and Graduate Opportunity for additional information.
ECO 312 students publish their Economic analyses in the Augsurg echo
Under the guidance of Economics Professor Dr. Tajibaeva, students in Intermediate Macroeconomics (ECO 312) published their research analyzing the impact of the pandemic on the U.S. economy. Students analyzed data, created charts, and wrote a final research report applying economics theories to actual data. What an amazing opportunity for students!
Economics student Brianna Noland Presents at “Posters on the Hill”
Brianna Noland, a senior economics major, represented Augsburg University in the Council of Undergraduate Research Posters on the Hill event in 2013. This non-partisan event, held each year at the U.S. Capitol Building in Washington D.C., showcases the research of a total of 60 undergraduate students (out of 800 applicants) from colleges and universities across the country.
Economics Professor Stella Hofrenning, who was Brianna’s research advisor, said that the Council chose projects that represented outstanding examples of undergraduate research. Brianna’s project, which was funded through the Undergraduate Research and Graduate Opportunities (URGO) program at Augsburg involved analyzing college student retention rates and the impact of student debt on those rates. For more information about undergraduate research see Augsburg Undergraduate Research (URGO).
While at the Capitol, Noland and Hofrenning met with U.S. Senators Al Franken and Amy Klobuchar from Minnesota. Later in the day, Noland presented her poster to a large crowd of members of Congress, congressional staffers and other guests. For more information about the Council of Undergraduate Research see U.S. Council on Undergraduate Research.
Dr Elinor Ostrom, the first woman to receive the Nobel Prize in Economics in 2009, was the keynote speaker for Augsburg’s Festival of the Commons Conference, October 8, 2011 at Augsburg College. Her groundbreaking research demonstrated that ordinary people are capable of creating rules and institutions that allow for the sustainable and equitable management of shared resources.
Stella Hofrenning’s Research Methods in Econometrics course not only introduces Economics students to the process of solving economic problems, it also provides them the invaluable opportunity to present their research and findings to a national audience and to connect with peers from around the country.
For the past several years, numerous students of Hofrenning have represented Augsburg at the MidWest Economics Association Conference, Posters on the Hill Conference and the National Conferences for Undergraduate Research (NCUR).
Professor Hofrenning reports: “The experience of working on a research project and presenting the research at a conference motivates students to learn by doing. My research students learn to apply the economic theory in class by working with data and developing models for analysis. Having been accepted to present at a conference also helps students build their analytical and communicative skills as well as their confidence speaking in front of a group.”
International Monetary Fund (IMF) economist, Prakash Loungani, spoke at Augsburg College’s Batalden Seminar on Applied Ethics on March 3, 2009. Dr. Loungani’s speech was entitled “Economic Globalization: Who Wins and Who Loses.” For information about the IMF and Dr. Loungani please see IMF Economist Prakash Loungani.