The Economics of Urban Parks: Mihaylo Professor Examines the Impact

Yorba Linda’s Jessamyn West Park is one of the hundreds of city and county parks that dot the Orange County landscape. Image from Wikimedia Commons.

Yorba Linda’s Jessamyn West Park is one of the hundreds of city and county parks that dot the Orange County landscape. Image from Wikimedia Commons.

How do urban parks impact housing prices? Mihaylo Economics Assistant Professor Mitchell Livy examined the relationship in his recent report on the capitalized value of local park renovations. He discusses his study and its relationship to Orange County’s vast parklands.

For more than 150 years, urban planners throughout the world have recognized the value of parklands to increase the desirability of cities and towns. Today, park maintenance is one of the leading allocations of local governments, with annual spending in America’s 100 largest cities totaling more than $6.3 billion. How does spending to improve parks impact residential housing values?

Mihaylo Economics Assistant Professor Mitchell Livy addressed this question in his recent study, “Maintaining Public Goods: The Capitalized Value of Local Park Renovations,” which appeared in the journal Land Economics in February.

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San Diego: Enjoy One of America’s Best Cities Only Two Hours from Campus

The target of major revitalization projects, Downtown San Diego is developing as a major shopping, entertainment and residential district. Image from Pixabay.

The target of major revitalization projects, Downtown San Diego is developing as a major shopping, entertainment and residential district. Image from Pixabay.

Two zoos, SeaWorld, museums, historic sites, beaches, golf, shopping, pro sports. The list goes on and on of things to see and do in San Diego, California’s playground within driving distance of campus. Here are 10 top attractions.  

San Diego stands out among America’s metropolitan areas in its stunning variety of things to see and do. It’s a great place for visitors of every lifestyle, age range and budget – and it’s all only a two-hour drive (traffic permitting) from Cal State Fullerton.

Here are 10 things to do in Orange County’s southern neighbor.

  1. The San Diego Zoo and the San Diego Safari Park

Consistently ranked among the top zoos in the world, the original San Diego Zoo, founded in 1915, houses more than 3,700 animals of 650 species and subspecies in Balboa Park; the Safari Park in Escondido, a 30-minute drive north of San Diego proper on I-15, gives visitors a chance to see flora and fauna from around the world in its natural habitats. Cal State Fullerton students are eligible for discounted tickets at both locations.

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Mark Deppe: Visionary Mihaylo FEMBA Alumnus Creates e-Sports Program

Since the first video game tournaments held 20 years ago, e-sports has expanded to a large - and rapidly growing - industry. Hundreds of thousands of people watch live streams of competitions or attend events in which they watch virtual games, such as the League of Legends event shown above. Image from Wikimedia Commons.

Since the first video game tournaments held 20 years ago, e-sports has expanded to a large – and rapidly growing – industry. Hundreds of thousands of people watch live streams of competitions or attend events in which they watch virtual games, such as the League of Legends event shown above. Image from Wikimedia Commons.

Mihaylo Fully-Employed MBA (FEMBA) alumnus Mark Deppe ’15 has founded an innovative e-sports program at UC Irvine, the first such program at any public research university in the U.S. Deppe discusses his inspiration and vision and shares advice.

Mihaylo FEMBA alumnus Mark Deppe’15 developed an innovative concept in his strategic management capstone course last year. Under the direction of Mihaylo Management Lecturer Jack Mixner, Deppe was tasked with completing a competitive analysis and proposing recommendations for a given industry.

MIhaylo FEMBA alumnus Mark Deppe ’15 hopes the e-sports program he developed will serve as a model for other universities.

MIhaylo FEMBA alumnus Mark Deppe ’15 hopes the e-sports program he developed will serve as a model for other universities.

“I chose to do a strategic analysis of the video game industry,” he said. “I saw competitive gaming in higher education as an emerging market and found ways to fill the associated institutional voids. Using the experience I had with in-class presentations, I was able to successfully pitch my concept to the UC Irvine’s chancellor’s cabinet.”

Deppe strongly believed in applying his MBA assignments to practical, rather than theoretical, issues, which prompted him to develop a business plan for his current employer while leveraging the feedback of others in developing solutions. “Pitch your ideas to friends and family, pitch ideas as much as you can,” he says. “The more feedback you get, the better prepared you’ll be to share them with people who can help make them happen.”

The e-sports program, featuring virtual multiplayer video game contests, will launch this fall in an arena equipped with high-end gaming PCs, a competition stage and live webcasting facilities. “We have four main focuses with the program: Elite competition, connecting with research and academics, supporting the massive gaming community, and creating live and online entertainment,” says Deppe. “This is the next step for collegiate e-sports and I hope it will pave the way for other schools to follow.”

Deppe views his FEMBA coursework as invaluable to his personal development. “I loved everything I got out of my FEMBA experience,” he says. “I loved the team environment, the pace of the coursework, the schedule, the faculty and all the skills I gained over three years.”

For more on Mihaylo’s FEMBA program and other graduate studies, visit Mihaylo MBA and Graduate Programs online or at SGMH 4210.

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How’s Business Down Under? Mihaylo Grad Annie Nguyen Starts a Coffee Shop in Australia

Annie Nguyen ’14 in Cairns, Queensland, Australia, in fall 2014. She says that despite differences, there is a strong connection between the Californian and Australian business cultures. “If anything is big in California, Australia won’t be too far behind.”

Annie Nguyen ’14 in Cairns, Queensland, Australia, in fall 2014. She says that despite differences, there is a strong connection between the Californian and Australian business cultures. “If anything is big in California, Australia won’t be too far behind.”

Australasia, as Australia, New Zealand and New Guinea is known, attracts millions of tourists each year and the growth of the Pacific Rim as the world’s foremost economic area means that major cities in the region, such as Sydney and Auckland, are likely to become important links in world trade and commerce.  One Mihaylo grad talks about her experience starting a business Down Under.

Mihaylo entrepreneurship alumna Annie Nguyen ’14 moved to Australia out of her motivation to travel the world. She established Annee’s CaPhe a Vietnamese coffee sales business, which began as a stand that she operated for three days each week at Rusty’s Farmer’s Market in Cairns, Queensland, on the country’s northeast coast. “I spent less than $200 to buy coffee and materials and started pouring coffee out of a pitcher,” she says. “After a trial and error process, the concept worked. The initial cost was $20 per day for a table rental. Eight months later, I moved into a shop space which is located in the market as well, with a rent of $270 a week.” Today, the business has expanded to a permanent shop location and Nguyen has hired three employees.

She discusses her business concept, the Australian business climate and the impact of her Mihaylo education.

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Slow But Steady Growth Predicted in Mihaylo Midyear Economic Forecast

The economy is not expected to lapse into recession, but growth won’t be stellar either, according to the Midyear Forecast presented by Dean Anil Puri and Associate Professor of Economics Mira Farka at the Irvine Marriott on April 28, 2016.

The economy is not expected to lapse into recession, but growth won’t be stellar either, according to the Midyear Forecast presented by Dean Anil Puri and Associate Professor of Economics Mira Farka at the Irvine Marriott on April 28, 2016.

Mihaylo’s Woods Center for Economic Analysis and Forecasting released its midyear economic forecast written by Dean Anil Puri and Associate Professor of Economics Mira Farka at the Irvine Marriott on April 28. In light of a rocky start to the year, Puri and Farka predict continued modest growth in the global and local economies.

“The start of 2016 was not for the faint of heart: gloom and doom seemed to have descended on equity market, which had the worst start of the year in more than two decades. China’s manufacturing activity ground to a halt, raising fears of an imminent recession that threatened the entire global economy. Emerging market wobbled, oil and commodity prices plunged, and market volatility shot up.”

That is how Mihaylo Dean Anil Puri and Associate Professor of Economics Mira Farka describe the tumultuous start of 2016, which prompted many business observers to talk about the possibility of recession. Yet stability has returned to the markets, altering the already uncertain outlook for the economy.

“Though things now seem less dire than in the deep of winter blues, questions remain as to whether the (nearly) seven-year recovery is nearing its end,” says the report.

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