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Gigi Foster

Gigi Foster - Australian School of Business  

PhD in economics, University of Maryland, College Park

BA, magna cum laude in Ethics, Politics, and Economics, Yale University

Senior Lecturer


+61 2 9385 7472 


+61 2 9313 6337 




Australian School of Business building

Gigi Foster's research has been supported by the Australian Research Council, the Spencer Foundation, the University of New South Wales, and the University of South Australia. She focusses primarily on aspects of human capital investment decisions and their welfare implications, with a particular emphasis on social influence.



  • Frijters, Paul with Gigi Foster (2013).  An Economic Theory of Greed, Love, Groups, and Networks.  Cambridge University Press.
  • Foster, Gigi and Charlene Kalenkoski (2013). 'Tobit or OLS?  An empirical evaluation under different diary window lengths.' Applied Economics 45 (20): 2994-3010.
  • Arcidiacono, Peter, Gigi Foster, Natalie Goodpaster and Josh Kinsler (2012). 'Estimating Spillovers using Panel Data, with an Application to the Classroom.' Quantitative Economics 3:421-470.
  • Foster, Gigi. (2012). 'The Impact of International Students on Measured Learning and Standards in Australian Higher Education.'  Economics of Education Review 31 (2012): 587-600.
  • Foster, Gigi, Paul Frijters, and David Johnston (2012). ‘The Triumph of Hope over Disappointment:  A note on the utility value of good health expectations.’  Journal of Economic Psychology.
  • Foster, Gigi (2011). ‘Academics as Educators in Australian Universities:  Power, perceptions, and institutions.’ Economic Papers 30 (4):  568-575.
  • Foster, Gigi and Paul Frijters (2010).'Students' Beliefs About Peer Effects.' Economics Letters 108 (2010): 260-263.
  • Foster, Gigi (2010). 'Teacher Effects on Student Attrition and Performance in Mass-market Tertiary Education.' Higher Education 60: 301-319
  • Shanahan, Martin P., Gigi Foster and Jan H.F. Meyer (2010). 'Threshold concepts and attrition in first-year economics.' In Land, R., Meyer, J. H. F. and Baillie, C. (eds.), Threshold Concepts and Transformational Learning, p. 207-226, Rotterdam: Sense Publishers
  • Foster, Gigi (2009).  'A Diagrammatic Exposition of Regression and Instrumental Variables for the Beginning Student.' Journal of Economic Education 40(3): 278-296
  • Foster, Gigi (2008). 'Names Will Never Hurt Me:  Racially identifiable names and identity in the undergraduate classroom.' Social Science Research 37(3):  934-952
  • Kalenkoski, Charlene M. and Gigi Foster (2008). 'The Quality of Time Spent with Children in Australian Households.'  Review of Economics of the Household 6: 243-266
  • Shanahan, Martin P., Gigi Foster and Jan H.F. Meyer (2008). 'Associations among Prior Acquisition of Threshold Concepts, Learning Dimensions, and Examination Performance in First-year Economics.' In Land, R., Meyer, J. H. F. and Smith, J. (eds.), Threshold Concepts within the Disciplines, p. 155-172. Rotterdam and Taipei: Sense Publishers
  • Foster, Gigi (2006). 'It's Not your Peers, and It's Not your Friends: Some progress toward understanding the educational peer effect mechanism.' Journal of Public Economics 90: 1455-1475
  • Shanahan, Martin P., Gigi Foster and Jan H.F. Meyer (2006).  'Operationalising a Threshold Concept in Economics: A first attempt using multiple choice questions on opportunity cost.' International Review of Economics Education 5(2): 29-57
  • Leach, Matthew, Jan Pincombe and Gigi Foster (2006).  'Clinical Efficacy of Horsechestnut Seed Extract in Venous Leg Ulcer Management.' Journal of Wound Care 15(4): 159-167
  • Leach, Matthew, Jan Pincombe and Gigi Foster. (2006). 'Using Horsechestnut Seed Extract in the Treatment of Venous Leg Ulcers:  A cost-benefit analysis.'  Ostomy/Wound Management 52(4): 68-78
  • Foster, Gigi. (2005). 'Making Friends:  A nonexperimental analysis of social pair formation.' Human Relations 58 (11): 1443-1465


External links


Research interests

  • Applied micro-econometrics
  • Economics of education
  • Social influences on economic behavior
  • Behavioral and experimental economics
  • Parental time use and inputs to child development
  • Implications of nonstandard utility functions and constraints

Research grants

  • 2011:  Australian School of Business Special Research Grant awarded by the University of New South Wales for project entitled, ‘Has NAPLAN Reporting Changed the Way Australian Schools Operate?,’ AUD$10,000
  • 2010: Australian School of Business Learning and Teaching Fund awarded by the University of New South Wales for project relating to the progress of low-socioeconomic status students in Australian universities, AUD$8,900
  • 2010: Australian School of Business Small Grant awarded by the University of New South Wales for project entitled, 'The Comparative Productivity and Efficiency of Sole-tasking Versus Multi-tasking', AUD$12,000
  • 2009-2011: ARC Discovery Project Grant awarded over three years by the Australian Research Council (2008) for project entitled, 'Should Rational Individuals be Optimistic? Theory, Survey Evidence, Experimental Evidence, and Policy Implications' (with Paul Frijters and Benno Torgler), AUD$221,000
  • 2008-2010: ARC Discovery Project Grant awarded over three years by the Australian Research Council (2007) for project entitled, 'Distributional Consequences of Mass-Market Higher Education in Business', AUD$89,740

 Courses taught

  • COMM5002 Managing Value Creation
  • ECON1203 Business and Economic Statistics
  • ECON1401 Economic Analysis
  • ECON3125 Economics of Human Capital
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