Towson University

College of Business and Economics

Eva de Francisco


Curriculum Vitae


Research interests:


Macroeconomics, Political Economy, Public and International Finance, and International Economics. 



Recent publications:


Financial Liberalization, Inequality, and the Rising Public Debt (joint with Marina Azzimonti and Vincenzo Quadrini), conditionally accepted at the American Economic Review.


Aggregation and aggregation (joint with Marina Azzimonti and Per Krusell), Journal of the European Economic Association Papers and Proceedings, 2008, Vol. 6, No 2-3.

Marketwide Private Information in Stocks: Forecasting Currency Returns (joint with Rui Albuquerque and Luis Marques), Journal of Finance Vol. 63(5), pp. 2297-2343 (2008).                                                               

Production subsidies and redistribution (joint with Marina Azzimonti and Per Krusell), Journal of Economic Theory, 2008, Vol. 142, No 1, Sept. Also circulated as “ The political economy of labor subsidies”.

Dynamic politico-economic equilibrium: aggregation, first-order conditions and computation  (joint with Marina Azzimonti and Per Krusell), Scandinavian Journal of Economics, Vol 108, No 4, pp. 587-606, December 2006.


Classes taught at Towson University:


ECON 201 Principles of Microeconomics:  You will learn things such as what is Economics anyway? How can resources be best allocated? Are we really going to be better off if we stop buying stuff from China? If the government increases taxes on soda producers, will I end up paying more when buying sodas?

Interesting, right? If you want to understand a little better how people behave, and make better decisions yourself, this is the class for you!

ECON 202 Principles of Macroeconomics: In this course you will learn a lot about how the economy functions as a whole and how economists measure this performance using the unemployment rate, the consumer price index and so on. You will also learn the goals and limitations of the fiscal and monetary policies that governments implement.

ECON 313 Money, Credit and Banking:  What can banks do these days with our money? Do we really need them? Why did the government bailed them out? What is an interest credit swap? And a stock option? If you want to know more about our financial system, you came to the right course.


ECON 310 Intermediate Macroeconomics:  In this course we look at the big picture economy, concepts such as GDP, unemployment, economic growth, booms and recessions. We wonder why some countries grow faster than others, and whether  governments can help with these problems some how. We get rigorous here! We look at the data and try to build a simple model with reasonable assumptions that explains the facts. Once we are happy with our model, we venture in to the unknown and make predictions about the future!


ECON 451 Mathematical Economics:  My favorite course to teach at TU! Designed for our brightest students interested in pursuing graduate studies or for those brave ones who love to be challenged . We question assumptions and look at the math behind them. We learn to use a software program called Matlab to tackle more complicated dynamic economic problems, with consumers (demand) and firms (supply) interacting, finding the equilibrium prices that balance all markets in our economy.


ECON 504 Economics for the UB-TU MBA:  The perfect mix of Micro and Macroeconomics for our motivated MBA students!