Areas of Expertise (7)
Fellow (elected), Academy of Economics and Finance
Service Fellow (elected), Academy of Economics and Finance
Service Fellow (Past-President) Academy of Economics and Finance
NROTC, Professor of the Year, Armstrong Atlantic State University
Undergraduate Economics Club Annual Teaching Award, University of Virginia
University of Virginia: Ph.D, Economics 1997
University of Virginia: MA, Economics 1990
Framingham State College: B.A., Economics 1987
Media Appearances (5)
Several Savannah businesses suddenly closing doors
"If the owners are considering closing they will look at the post-holiday season for closure, the reason is, you get your last big bump of sales before closing the business," said Dr. Richard McGrath, an Economics professor at Georgia Southern University.
McGrath said the closings aren't a reflection of the local economy. He said these businesses most likely closed for unrelated reasons.
Gas prices down in GA, but experts say it won't last long
"It looks like the future prices are higher in gasoline could be 20 cents more expensive in April than it is now and the future prices suggest it will stay at a level like that for the summer and into the fall and then it make dip down in a little while," said Georgia Southern University Economics Professor, Dr. Richard McGrath.
A closer look: Understanding tariffs and impact on farmers
If you have forgotten the ins and outs of high school or college classes on trade, Dr. Richard McGrath has a quick refresher course.
"The simple idea of a tariff is that it's a tax on imports," said the economics professor at Georgia Southern University's Armstrong campus.
Imports are goods that come into the country...
Local Study Disputes Benefits of Palmetto Pipeline
He's talking about a new study done on the benefits of the Palmetto Pipeline done by himself and Michael Toma who is also a professor at Armstrong. McGrath says he and Toma were asked to critique studies released about two months ago that were commissioned by Kinder Morgan. "And to consider whether or not the very large numbers used in those reports were reasonable and we found a number of different things that bothered us," McGrath said.
Richard McGrath - CitiBank Credit Cards
From the perspective of the credit card issuer, the cashback bonus is an inducement to use their card instead of a competitor’s card. It benefits the credit card issuer to split the reward in two because there is positive reinforcement for you to use their card when you make a purchase and there is positive reinforcement for you to use their card when you pay your bill. During both events the card issuer offers a lagniappe to make you happy while you give them your business.