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    Community Engagement Plans: A Tool for Institutionalizing Community Engagement

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    The University of Louisville guided the development of community engagement plans by its academic and administrative units to strengthen their ability to assess and improve their partnership, outreach, and engaged scholarship with community partners. Using a common template, each unit developed a process for engaging with the community, building on its particular strengths and interests. The engagement plans serve as a road map to get each unit engaged with the larger community and institutionalize engagement across the university. Discussion centers around the template used to develop the engagement plans and the role they play in institutionalizing community engagement. A further look is taken at the process used to develop and implement the plans as well as some of the challenges and opportunities that were encountered along the way

    Empowering Higher Education Extension Workers for Community Engagement: The Case of a Certificate Course Offered by a Comprehensive University in Manila

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    Even though community engagement is an important function of higher educational institutions (HEIs), many HEI personnel across the world are in need of training in this area. In the extant literature, trainings for community engagement in an HEI context are well studied in countries of the Global North. However, in the Philippines, there seems to be a dearth of literature about this. This research addresses this gap by delving into the Certificate Course on Community Engagement and Organizing offered by the University of Santo Tomas (UST) in Manila.  Specifically, this study describes the content and conduct of the course, presents the satisfaction evaluation results of course participants, and culls out their learnings and insights. This study hopes to contribute in documenting efforts made by HEIs in the Philippines in mainstreaming community engagement in the fabric of academic life.&nbsp

    Effectiveness of a Pre-College STEM Outreach Program

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    Workforce shortages in the field of science, technology, engineering and math (STEM) have led to an increasing need for STEM outreach programs for high school students. This paper presents an integrated approach to such efforts; government agencies, the host university, and local professional associations play meaningful roles in program design and implementation. This paper also evaluates program effectiveness in increasing high school students\u27 likelihood of studying STEM in college. Beginning and end-of-program surveys, coupled with demographic data, provide rich information on participants\u27 backgrounds and their responses to STEM exposure and intervention. A discrete choice model discovers participants\u27 differential valuation of program effectiveness and quantifies the factors that influence participants\u27 pursuit of STEM college education due to program participation. In addition to demographics and family culture, overall program experience is critical to the perceived benefits of STEM exposure. Findings can help educators and outreach program directors develop appealing STEM outreach curriculum

    Vol 28 No 1 Masthead

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    A portfolio of leveraged exchange traded funds

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    This study demonstrates how a portfolio of leveraged exchange traded funds (LETFs) targeting a unit exposure to their underlying indexes outperforms a portfolio using traditional ETFs while simultaneously reducing downside risk. By extension, a 3x LETF portfolio designed to mimic 2x LETFs outperforms the underlying 2x LETF portfolio. The results are primarily a function of LETFs borrowing short while the investor lends the additional wealth generated from this leverage in one- to seven-year Treasury bonds or similar type of assets. For every one percent earned above the implied borrowing rate, a portfolio of 2x and 3x LETFs outperforms a traditional portfolio by 0.41% and 0.63%, respectively, corresponding roughly to the additional return on the 50% and 67% of the wealth invested in bonds. More than 90% of LETFs outperformance is explained by the borrowing lending differential

    Vol 28 No 1 Closing

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    Financial literacy, attitudes, and financial satisfaction: an assessment of credit card debt-taking behavior of Australians

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    Unpaid credit card debt can be problematic; people should avoid it where possible. Unlike prior studies, this article examines the relative strength of the association of financial literacy, attitude toward balancing spending and savings, and financial satisfaction with credit card debt- taking behavior by analyzing the 2016 wave of the Household, Income and Labor Dynamics in Australia (HILDA) Survey. We find that higher financial literacy is associated with less credit card debt. However, incorporating the other factors reduces this relationship. Our results advise policy-makers to include components in the financial literacy curricula that encourage savings attitude to reduce problematic debt-taking

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    The Effect of Town and Gown on Local Economic Development: An Analysis of Partnerships, Planning, and Policy

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    The relationship between institutions of higher learning and their local communities is often described as ‘town and gown.’ Few studies examine how these partnerships affect state and local public administration and local economic development. We analyzed data from the 2014 Economic Development Survey carried out by the International City/County Management Association (ICMA) to reveal empirical evidence regarding the factors that influence the formation of town and gown partnerships and the effects of these partnerships on local economic development. Communities that form town and gown partnerships were more likely to have written economic development plans and to utilize multiple development tools

    24(2) Editorial Board

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