Faculty
Rachel L. Graefe-Anderson

Associate Professor and Department Chair
Office Hours
Monday/Wednesday 12-1pm, 3-4pm, by appointment.
Year Joined UMW
2012
Expertise
Corporate Finance, Corporate Governance, Financial Literacy, Financial Management, Financial Analysis, CEO Compensation.
Courses Taught
Principles of Finance, Financial Management, Financial Modeling, Advanced Corporate Finance, Investments, Student-Managed Investment Fund Class, Financial Crises.
Degree(s)
Ph.D., Purdue University
Amrita Dhar
Associate Professor
Office Hours
T – 9.30-10.30am, 12.30-1.30pm
W (Zoom)- 11.30-12.3pm (FINC 301), 12.30-1.30pm (ECON 201)
R (Zoom) – 12.30-1.30pm (ECON 201)
Year Joined UMW
2012
Expertise
International Economics, Monetary Policy, Macroeconomics, Forecasting, and Applied Econometrics.
Courses Taught
Principles of Finance, Principles of Macroeconomics, Principles of Microeconomics, Introductory Econometrics, International Trade, Economic Development, International Finance, Independent Research, Experntl Learning: Career Dev
Degree(s)
Ph.D., University of Houston
Select Recent Publications
Social Openness and International Capital Flows (With Christopher Biolsi): Southern Economic Journal, November, 2025
Inequality in Public School Spending across Space and Time. (With Christopher Biolsi, Steven G. Craig, Bent E. Sorensen): Review of Economic Dynamics, October 2022.
Identification of Extreme Capital Flows in Emerging Markets: International Review of Economics and Finance, January 2021.
Honors/Awards
Impact Spotlight Feature by the Virginia Council on Economic Education, October 2025. Best Paper Award: Best Paper Award, 2023, for the paper, “Social Openness and International Capital Flows. (With Christopher Biolsi) awarded by the Kentucky Economic Association Annual Meetings in Berea, Kentucky in October of 2023 Outstanding Referee Award, 2020, for referee service to Economic Inquiry, Western Economic Association International.
Brad Hansen
Professor
Office Hours
MWF 12:00 PM – 1:00 PM
MW 3:00 PM – 4:00 PM
Year Joined UMW
1995
Expertise
Business and Economic History, Law and Economics
Courses Taught
Principles of Microeconomics, American Economic History, Law and Economics,
Introduction to Economic Analysis, FSEM Game Theory
Degree(s)
B.A. Liberal Arts, The Evergreen State College
M. Sc. Economic History, The London School of Economics
Ph.D. Economics, Washington University
Select Recent Publications
Bankrupt in America: A History of Debtors, their Creditors, and the Law in the Twentieth Century (with Mary Eschelbach Hansen). University of Chicago Press, (2020).
“Trust Company Failures and Institutional Change in New York, 1875-1925,” Enterprise & Society (2018).
Honors/Awards
Stanton Foundation Award for Applying History to Clarify the Covid 19 Challenge
Newcomen-Harvard Award from Harvard Business School and the Newcomen
Society for “The People’s Welfare and the Origins of Corporate Reorganization:
The Wabash Receivership Reconsidered,” Business History Review (2000).
Arthur H. Cole Grant from the Economic History Association
Shirley Van Epps Waple Economics Professorship
David Lockhart Henderson III

Professor
Office Hours
Tuesday, Thursday 1-2pm, 3:15-4:45pm
Year Joined UMW
2012
Expertise
Accounting Information Systems, Accounting Analytics, Managerial Accounting
Courses Taught
Principles of Accounting, Accounting Information Systems, Accounting for Decision Making and Control, Business of UK Soccer
Degree(s)
Ph.D., Virginia Polytechnic Institute and State University
Select Recent Publications
Henderson, D. and Marsh, J. (2022), Decisions, Decisions, Decisions: Summer activities for Anna!.
Southeastern Case Research Journal, 19(1), 27-31.
Shawn Humphrey
Associate Professor
Office Hours
Tuesday and Thursday 10:00 AM – 11:00 AM(in office), Wednesday and Friday 10:00 AM – 11:15 AM (via zoom) or by appointment.
Year Joined UMW 2005
Expertise
Economic Development, Social Entrepreneurship
Courses Taught
Game Theory, How to Change the World, Intermediate Microeconomics, Economic Development, and Designing the Life of a Changemaker
Degree(s)
Ph.D. Washington University
Select Recent Publications
Rewild School: A Pedagogy of Possibility
Don Lee
Associate Professor
Office Hours
Monday/Wednesday 1:00 PM – 3:00 PM and Friday 1:00 PM – 2:00 PM
Year Joined UMW
2015
Expertise
International Trade, Applied Econometrics, Macroeconomics
Courses Taught
Principles of Macroeconomics (ECON 201B), International Trade (ECON 382), Introductory Econometrics (ECON 361A), Macroeconomics (ECON 304), Managerial Economics (ECON 302), Money and Banking (ECON 321), Economics of Multinational Corporations (ECON 428), Economics of Social Issues (ECON 100), Advanced Economic Analysis (ECON 462).
Degree(s)
Ph.D. in Economics, University of Oregon
Select Publications
“Evidence for the Effect of Monitoring Costs on Foreign Direct Investment,” (with Bruce A. Blonigen and Anca D. Cristea) Journal of Economic Behavior and Organization 177 (2020):601-617.
“Resource-Seeking Cross-Border Mergers and Acquisitions and Growth: Industry-level Analysis,” International Economic Journal, 34 (2020):388-404.
“Cross-Border Mergers and Acquisitions with Heterogeneous Firms: Technology vs. Market Motives,” North American Journal of Economics and Finance 42 (2017):20-37.
Honors/Awards
Shirley Van Epps Waple Professorship. Kleinsorge Summer Fellowship. Best Graduate Student Paper Award from West Coast Trade Workshop.
Ken Machande

Professor
Office Hours
MWF 8:45-10:00am
Year Joined UMW
2000
Expertise
Accounting
Courses Taught
Principles of Accounting, Cost/Managerial Accounting, Intermediate Accounting, Governmental and Not-for-profit Accounting
Degree(s)
MBA, Albany State University
Honors/Awards
CPA, CMA, CFM
John Marsh

Professor
Office Hours
N/A
Year Joined UMW
2013
Expertise
Finance, Strategy
Courses Taught
Personal Finance, Principles of Finance, Financial Management
Degree(s)
Ph.D., Rensselaer Polytechnic Institute
Select Recent Publications
Henderson, D. & Marsh, J. 2022. Decisions, Decisions, Decisions: Summer Activities for Anna! Southeast CASE Research Journal, 19(1), 27-31.
Lewis, B., Gower, K., & Marsh, J. 2021. Lily Farms Nurseries: A Company Culture Change to Survive. Southeast CASE Research Journal, 18(2), 61-68.
Richardson, W., Marsh, J., & Machande, K. 2021. Retirement Planning: It’s All About the Assumptions. Case Research Journal, 41(3).
Sayan Sarkar

Associate Professor
Office Hours
Tuesday, Thursday 10:45 AM - 12:15 PM, Wednesday 11-1 PM Via Zoom
Year Joined UMW
2016
Expertise
Financial Accounting
Courses Taught
Principles of Accounting, Intermediate Accounting, Foundations in Financial Markets
Degree(s)
Ph.D., University of Texas, El Paso
Select Recent Publications
Wood, D. A., M. Achhpilia, M. T., Adams, [et al. including Sarkar, S.]. (2023). The ChatGPT artificial intelligence chatbot: How well does it answer accounting assessment questions? Issues in Accounting Education.
ANikbakht, E., Sarkar, S., Smith, G. C., & Spieler, A. C. (2021).
Pre-IPO earnings management: Evidence from India. Journal of International Accounting, Auditing and Taxation.
Benedetti, H., Nikbakht, E., Sarkar, S., and Spieler, A. C. (2021).
Blockchain and CorporateFraud. Journal of Financial Crime
Tsung-Hsuan “Joey” Yang

Assistant Professor
Office Hours
Tuesday, Thursday 3:15-5:30pm
Year Joined UMW
2023
Expertise
Accounting
Courses Taught
Principles of Accounting, Federal Taxation of Individual, Auditing
Degree(s)
Ph.D., University of Texas at Arlington
Recent Honors/Awards
Certified Public Accountant (CPA)



