• <div style="background-image:url(/live/image/gid/26/width/1600/height/300/crop/1/29987_finance_3.rev.1450464570.png)"/>
  • <div style="background-image:url(/live/image/gid/26/width/1600/height/300/crop/1/29986_finance_1.rev.1450464569.png)"/>
  • <div style="background-image:url(/live/image/gid/26/width/1600/height/300/crop/1/29985_business.rev.1450464558.png)"/>
  • <div style="background-image:url(/live/image/gid/26/width/1600/height/300/crop/1/29897_economics2.rev.1450298007.png)"/>

Economics, Business, and Finance

S. Hesam Ghodsi

Lecturer in Economics


Real Estate and Financial Economics
International Economics


PhD Economics, University of Wisconsin-Milwaukee 
MA Economics and Electronic Commerce, University of Tehran
MA Environmental Economics (non-degree), University of Tehran
BA Economics, University of Tehran

Courses Taught

BUSN 130 Applied Statistics
ECON 110 Principles of Economics

Teaching Experience

Lecturer, Department of Economics, Business and Finance, Lake Forest           College
Instructor, Department of Economics, University of Wisconsin-Milwaukee
     Principles of Macroeconomics
     Economic Development
Instructor, Department of Economics, University of Tehran
     Mathematical Economics


“Do Changes in the Fundamentals have Symmetric or Asymmetric Effects on House Prices? Evidence from 52 States of the U.S.” Applied Economics, Vol. 48 (2016, No. 31), pp. 2912-2936, (with M. Bahmani-Oskooee).

“Asymmetric Causality and Asymmetric Cointegration between Income and House Prices in the USA.” International Real Estate Review, Vol. 20 (2017, No. 2), pp. 127-165, (with M. Bahmani-Oskooee).

“Policy Uncertainty and House Prices in the United States,” Journal of Real Estate Portfolio Management, Vol. 23 (2017, Issue 1), pp. 72-85 (with M. Bahmani-Oskooee).

“Asymmetric Causality between Unemployment Rate and House Prices in Each State of the U.S.A.” International Real Estate Review, forthcoming (with M. Bahamani-Oskooee).

“On the Link between the U.S. Housing Market and its Stock Market: Evidence from State Level Data” Real Estate Finance, forthcoming (with M. Bahamani-Oskooee).

“UK Trade Balance with its Trading Partners: An Asymmetry Analysis” Economic Analysis and Policy, forthcoming (with M. Bahamani-Oskooee).

Book: “Smoking” (Outcome of a research for Anti-Smoking Campaign and Union against Tuberculosis and Lung Disease) Shahid Beheshti University, Arvij Publishing, Tehran, Iran, 2011.


“Asymmetric Effects of Exchange Rate Changes on British Bilateral Trade Balances” European Trade Study Group 18th Annual Conference, 2016

“Wealth of Nations, Determinants of GDP per Capita Growth” Claremont Graduate University, 2012