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The Department of Economics is pleased to announce that the following members of the Class of 2004 have been conferred College Honors for outstanding academic achievement and for successfully completing a research thesis of honors quality:

Nikolay Filchev
Honors Thesis: "Labor Unions in a Changing Europe"
Faculty Mentor: Professor Giorgio Secondi

Matthew Hennessy
Honors Thesis: "Domestic Petroleum Policy in the United States: Recommendations for an Efficiently Operating Market"
Faculty Mentor: Professor Woody Studenmund

Christopher Hofmann
Honors Thesis: "The Austrian Theory of the Business Cycle: An Empirical Approach"
Faculty Mentor: Professor Jim Halstead

Branko Iossifov
Honors Thesis: "Should the United Kingdom Adopt the Euro As Its Currency?"
Faculty
Mentor: Professor Jim Whitney

Drenusha Kusari
Honors Thesis: "The Efficiency and Equity Effects of Immigration in the European Union"
Faculty Mentor: Professor Jim Whitney

Rachel Laybourn
Honors Thesis: "Payday Lending and Inner Cities"
Faculty Mentor: Professor Giorgio Secondi

Niko Lindell
Honors Thesis: "Executive Compensation—Costs and Benefits of Indexed Stock Options"
Faculty Mentor: Professor Robby Moore

Lauren Posin
Honors Thesis: "The Economics of Smoking: A Public Policy Analysis"
Faculty Mentor: Professor Sita Nataraj

Courtney Ross
Honors Thesis: "The Economic Attractiveness of the Proposed Eastside Extension Light Rail Project in Los Angeles
"
Faculty
Mentor: Professor Mike Tamada

Lauretta Wild
Honors Thesis: "The United States and Immigration: What is the Best Policy?"
Faculty Mentor: Professor Sita Nataraj

Evan Woods
Honors Thesis: "Toward a Socially Efficient Policy Concerning Cocaine and Heroin Use"
Faculty Mentor: Professor Jim Halstead