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Margaret Ray - University of Mary Washington. Fredericksburg, VA, US

Margaret Ray

Chair and Professor of Economics | University of Mary Washington

Fredericksburg, VA, UNITED STATES

Dr. Ray specializes in applied microeconomics and econometrics, industrial organization and regional economics.



Margaret Ray Publication Margaret Ray Publication Margaret Ray Publication



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You know the subject when you feel ready to take the test – and when it comes to macroeconomics, you can thank Margaret Ray for that.

A professor of economics at the University of Mary Washington, Dr. Ray is the author of three study guides for the AP Macroeconomics books. She specializes in applied microeconomics and econometrics, industrial organization and antitrust, regional economics, economic education and equine industry economics.

Dr. Ray also serves as the director of the UMW Center for Economic Education, established in 2011 to build ongoing partnerships with the region’s school divisions and their teachers, provide professional development workshops for teachers and provide creative, hands-on lesson plans, curriculum and programs for students.

In addition to her experience in teaching, Dr. Ray has served as an economist for the Federal Reserve Bank of Richmond. Her work has been published in refereed journals, including Social Science Quarterly, Economic Inquiry, Journal of Sports Economics, Feminist Teacher, the American Economist, and the Journal of Economic Education.

Dr. Ray also has been named to Who’s Who Among America’s Teachers and has been included in Outstanding Young Women of America.

Areas of Expertise (7)

Applied Microeconomics

Economic Education

Industrial Organizations and Antitrust

Regional Economics

Equine Industry Economics



Education (3)

University of Tennessee: Ph.D., Economics 1988

Western Illinois University: M.A., Economics 1985

Oklahoma State University: B.Sc., Economics & Agriculture 1984

Media Appearances (3)

UMW Center for Economic Education Receives State Farm Grant

University of Mary Washington  online


The University of Mary Washington Center for Economic Education has received a grant from the Council for Economic Education and State Farm to fund learning opportunities for area teachers and students. The $2,900 grant, the first external grant for the newly formed center, will provide training workshops for more than a dozen local educators...

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Winter weather is financial hit for some businesses, boon to others

The Free Lance-Star  print


The deluge of snow last weekend put a damper on retail sales across the region. But some repair businesses got a bump.

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Turf Paradise has $91 Million Impact on AZ

Blood Horse.com  online


A study, recently released by economist Dr. Margaret Ray of the University of Mary Washington in Fredericksburg, Virginia found that Turf Paradise Race Course generates an annual economic impact of $91 million to the state of Arizona.

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Articles (5)

How much on that doggie at the window? An analysis of the decline in greyhound racing handle

The Review of Regional Studies


In recent years, considerable attention has been given to the role of legalized gambling in regional economic development. Evidence of the effectiveness of legalized gambling activities in causing economic growth has led to its expansion in the United ...

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Total quality management in economic education: defining the market

The Journal of Economic Education


This article contains an overview of criticisms of the use of TQM in teaching and proposes an alternative for economic education. The alternative TQM model is demonstrated in classroom use of quality circles, one-minute papers, and quality check sheets...

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Employment changes in the European economic community: A shift-share analysis

The Review of Regional Studies


The EC has become an established free trade zone and as such has become a relatively homogeneous economic region. While many studies have investigated the overall impact of the EC, few have focused on intraregional differences. The establishment of a ...

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Economics: Microcomputers in the college classroom—A review of the academic literature

Social Science Computer Review


During the past I5 years, numerous articles have appeared in academic literature concerning the use of microcomputers in the college economics curriculum. This paper presents a brief review of this literature. The authors discover that the specific topics and ...

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Right-to-work legislation and employment growth in the 1980s: A shift-share analysis

Regional Science Perspectives


Section 14-B of the Taft-Hartley Act grants states the right to enact legislation that prohibits collective bargaining contracts from including clauses requiring union membership as a condition of continuing employment. Since the passage of Taft-Hartley in 1947 more than ...

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