Mark Thompson, PhD

Dean of Hull College of Business, Professor of Economics Augusta University

  • Augusta GA

Mark Thompson, PhD, dean of the Hull College of Business, is an economist in business conditions, risk analysis, energy and health care.

Contact

Augusta University

View more experts managed by Augusta University

Spotlight

2 min

What can America expect as supply chain issues leave the auto industry stuck in park?

America’s auto industry is slowing down – and this time the main source is not a matter of labor issues or a lack of customers. This time this crisis, like those plaguing so many other industries lies in the tangled web of supply chain issues that is challenging manufacturing, industries and economies across America and the continent. In the United States, the auto industry has been hit particularly hard. The nation’s largest automaker and the rest of the global auto industry have been sporadically shutting down plants since late last year due to the semiconductor shortage, which has cut supplies on dealer lots and driven new vehicle prices to record levels. To be sure, production still isn’t back to normal because some of the factories will only run on one shift per day. Phil Amsrud, senior principal analyst for IHS Markit who studies the chip market, said GM’s move is a good sign, but doesn’t signal the end of the chip shortage. “It’s just not a sign that the patient is through all the rough spots and it’s a matter of weeks before they’re released from the hospital,” he said. October 22 Associated Press There has been a lot of coverage, and a lot of questions asked as to how this happened and what it will take to untangle the mess. And that’s where experts from Augusta can help with coverage. "There are several factors but the main themes are suppliers inability to react to the increased demand, and governmental policies and responses,” explains Dr. Mark Thompson an economist and expert regarding the industrial issues facing America. “When COVID initially hit, demand dropped considerably. As it relates to the shortage of computer chips, what do you think consumers were demanding during the early phase of COVID...computers, laptops, handheld devices, etc. Technology companies responded and chip manufacturers switch to produce these items. Now, as consumers demand for new cars pick up, there is a shortage of the chips necessary for new cars. As it relates to government intervention, the stimulus has also increased demand for various goods and services furthering the shortage." As for how long will it take for America to see the supply chain replenished? "Good guess,” says Thompson. "I would say that we should expect to continue to see these shortages through the rest of 2021 and part of the way in 2022." If you’re a journalist covering the ongoing supply-chain issues – then let our experts help with your stories. Dr. Mark Thompson is an economist with highly accomplished work in business conditions, risk analysis, energy and the healthcare industry. Dr. Thompson is available to speak with media regarding the economic and industrial issues facing America during this supply chain crisis simply click on his icon now to arrange an interview today.

Mark Thompson, PhD

Multimedia

Social

Biography

Mark Thompson, PhD, was named dean of the James M. Hull College of Business in November 2023. A faculty member since 2013, Thompson served as associate dean and the Grover C. Maxwell Chair of Business Administration and professor of economics. He has served as interim dean twice, the first time from March 2015 to January 2017 and most recently since March 2023.

Thompson has served on the faculty in the Department of Physiological and Technological Nursing in the College of Nursing, as well as in the Division of Health Economics and Policy and the Department of Population Health Sciences in Medical College of Georgia. 

Among the highlights of his tenure since joining Hull, he has overseen and maintained the internal operations and developed a summer grant program to provide salary support for research and innovative teaching projects. He also has exemplified servant leadership by being one of the first AU faculty to teach a dual enrollment course in a local high school during the fall semester.

He earned both his PhD in economics and his BBA in business economics from Texas Tech University, where he served on faculty from 2009 to 2013. Thompson also worked as an assistant professor in the Department of Economics & Finance at Nelson Rusche College of Business in Nacogdoches, Texas, from 2003 to 2006 and at the University of Arkansas-Little Rock as a State Economic Forecaster for the Institute for Economic Advancement in 2006-07.

As an economist, Thompson’s work on business conditions, risk analysis, energy, and the healthcare industry have been cited in various national and regional outlets. He has previously served on the editorial boards for the International Journal of Information and Operations Management Education and the Journal of Business Valuations and Economic Loss Analysis. Thompson has also served as the State Economic Forecaster for Arkansas, where he provided economic and policy analysis to various state and local agencies.

Areas of Expertise

Economics
Energy
Healthcare Industry
Risk Analysis

Education

Texas Tech University

PhD

Economics

2003

Texas Tech University

MA

Economics

2000

Texas Tech University

BBA

Business Administration and Management

1997

Affiliations

  • Journal of Business Valuations and Economic Loss Analysis
  • International Journal of Information and Operations Management Education

Media Appearances

FOX54 SPECIAL REPORT: Three new grocery stores opening reflect the CSRA's growth

WFXG  tv

2024-08-29

The CSRA is getting three new grocery stores in a matter of months. It's a sign of growth across the two-state.

Two new stores are opening in Augusta and one has opened in Aiken, creating hundreds of jobs.

What was an empty site with trees off of Jimmy Dyess Parkway is now a brand new Kroger Marketplace. It's one of several grocery stores opening up in 2024 in the CSRA, catering to people moving into new neighborhoods across the area.

Three new grocery stores
Lowes Foods on Whiskey Road in Aiken is now open. The new Kroger Marketplace opened in May, minutes from Fort Eisenhower, catering largely to the military community.


"That was something that was just kind of missing on this side," Kroger Atlanta Division senior construction manager Taylor Jensen said on the need of a grocery store at Eisenhower Crossing.

FreshTake on Washington Road is still under construction in Augusta.

Experts tell FOX54 the increase in stores is connected to an increase in population.

"You're getting and attracting people from outside the area," Augusta University economist Dr. Mark Thompson said.

President of Lowes Foods, Tim Lowe, said growth is happening across both Carolinas.

View More

Lots of opportunities for a bright future at the Hull College of Business at Augusta University

WJBF  tv

2023-09-05

The Fall semester is off to a busy start at Augusta University.

On this edition of The Means Report, we talk to Mark Thompson.

He is the interim dean at the Hull College of Business.

View More

How new overtime pay regulations could affect you

WJBF  tv

2016-06-03

More than 4 million U.S. workers will become eligible for overtime pay at the end of the year under new rules implemented by President Obama. However, Republicans and business groups see this as a small business killer.

View More

Articles

2023 Top Hospitals: Leading the Way in Healthcare

Georgia Trend

Mark Thompson

2023-11-30

Hospital rankings can provide useful benchmark information; however, it is important to understand what factors may impact such rankings. Every year, Georgia Trend evaluates Georgia hospitals that participated in the Centers for Medicare and Medicaid Services

(CMS) Hospital Value-Based Purchasing program. The hospitals are ranked by the total performance score that is usually derived from four domains: clinical outcomes; person and community engagement; safety; and efficiency and cost reduction. Due to the pandemic, CMS adopted a policy to pause the use of data if it determined that COVID-19 had a significant impact on such measures. Last year’s rankings were based only on the clinical outcomes domain.

This year’s rankings are based on two of the four domains: the clinical outcomes domain and the efficiency and cost-reduction domain. As in past rankings, hospitals were grouped by similar size and mission to include the categories of: Teaching Hospitals, whose primary mission is teaching, regardless of size, and which are certified by the Association of American Medical Colleges Council of Teaching Hospitals and Health Systems; Large Hospitals (250+ patient beds); Medium Hospitals (100 to 249 beds); and Small Hospitals (less than 100 beds). These rankings are based on the American Hospital Directory and CMS data downloaded July 29, 2023.

View more

Being mindful in your practice

Journal of Medical Practice Management

2015

As physician practices function to deliver safe and low-risk patient care, they often are susceptible to unexpected events for which the consequences can be high. By acting mindfully, physicians can focus on better managing unexpected events as well as decreasing the risk of such an event.

View more

IT Contract Flexibility and Negotiator Incentives

Managerial and Decision Economics

2015

Information Technology outsourcing contracts are plagued by inflexibility. We develop an economic model to explain how the contract negotiator's incentives influence contract flexibility.

View more

Show All +