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Farahmand Rezvani

Associate Professor, Economics

BS, Pahlavi University (Iran)
MA, Roosevelt University
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Farahmand Rezvani is an associate professor of economics in the Department of Economics, teaching courses in microeconomics, econometrics and MBA level courses such as economic analysis and financial markets and monetary policy. His academic research has focused on economics of crime, economics of offshoring and renewable energy. Dr. Rezvani’s papers have appeared in prestigious journals such as Journal of Mathematical Modeling and proceedings of the International Symposium on Forecasting, Harvard University, Boston.

Dr. Farahmand Rezvani received his Ph.D. degree in economics from Graduate School of the City University of New York, his master from Roosevelt University, Chicago and B.Sc. from Pahlavi University, Shiraz, Iran.


Global Equity Markets
Foreign Trade and Investment
Energy Trends and Opportunities

Office Hours


11:15 am - 12:00 pm
11:15 am - 12:00 pm


  • Renewable Energy: Northeast Region: 21st Century Challenge<br>This paper looks into investment into renewable energy in the Northeast and currently I am in process of collecting data and reading literature on changing regulations encouraging replacing fossil fuels with renewable energy.
  • Renewable Energy: Northeast Region<br>This is an extension on previous paper which was concentrated on state of New Jersey. This paper focus on the Northeast region and progress that is being made through Biden administration to promote green energy. 2021 – 2026
  • The Impact of High Oil Prices on Iranian Economy
  • Renewable Energy: Northeast Region<br>This paper looks at New York State and New Jersey energy policy with emphasize on renewable energy
  • Renewable Energy: State of New Jersey, presented at PEA Conference May 20-22, 2021 at Misericorida University.
  • Renewable Energy: State of New Jersey<br>This paper has been accepted for publication, 2023
  • Is there a U.S. Dollar-Petroleum Price Nexus? Paper is under revision using updated data. Paper will be presented in an international conference upon completion.
  • Oil Prices, Monetary Policy, and Income Inequality:<br>The role of Education<br><br>Being one of the largest oil consumers globally, the United States’ economy is susceptible to sudden shifts and fluctuations in oil prices. More precisely, oil price fluctuations can significantly influence various economic factors, such as interest rates and income inequality. To manage the economy’s response to these oil-related fluctuations, central banks typically make adjustments to interest rates and employ other monetary policy measures to stabilize the economy. In this paper, we investigate how shocks in oil supply and subsequent monetary policy actions impact income distribution. Our particular focus lies in understanding the role of education in mitigating disparities in earnings resulting from oil price shocks and subsequent monetary interventions within a society. What makes our study unique is that it explores how different levels of education affect the distributional consequences of reactive monetary policy responses to oil price changes, a topic that has not been adequately explored in previous research.<br><br>*
  • Is There a U.S. Dollar Petroleum Price Nexus? (An Update)<br><br>This paper originally looked into the relation between U.S. dollar and price of oil which had limited number of observations. The current updated version will include more years of observations and contribute to its accuracy and forecast.
  • Renewable Energy: 21st Century Challenge This paper submitted to the International Academy of Business and Economics for presentation at IABE conference Florence Italy June 16- 18, 2016
  • Renewable Energy in New Jersey : 21 Century Energy Challenge Preliminary results will be presented in a regional conference this year and final version will be presented at an international conference in 2019
  • "Iran Economy Under Economic Sanctions"<br>This is a paper that I am currently working with Dr. Kamrouz Pirouz (retired professor) who is currently in Iran and helping with data and relevant materials.<br>This paper expected to be ready by Fall 2021
  • <b>THE IMPACT OF EXCHANGE RATE ON THE TRADE BALANCE: THE CASE OF EMERGING ECONOMIES</b><br>This research paper is coauthored with Dr. Glen Rawlins and the results of the paper will be presented at an international conference and the final outcome of the paper will be submitted for publication in 2022
  • Iran Economy under Sanctions
  • <b>Adam Smith & operation of the Market System</b><br><br><b>This paper looks into the theory of Invisible Hand and the efficiency of the market with no government intervention. Paper further looks at how intervention and price controlling in Iran has created inefficiency and interfere with economic growth.</b>

Professional Experience

  • Associate Professor, Montclair State University (1983 - Present)


  • Academic, Professor Bita Kash . (March 2008 - Present). Advising as an econometrician for her grant application submitted to AHRQ (NIH affiliate agency) Spring 2008

Honors & Awards

  • Graduate Fellowship, Roosevelt University (September 1978)
  • University Fellowship, Graduate School of the City University of New York (September 1979)
  • Graduate Fellowship, Graduate School of the City Univeristy of New York (September 1982)

Refereed Published Articles

  • A. Meziani, F. Rezvani (1990). Using the AHP to Select a Financing Instrument for a Foreign Investment. Journal of Mathematical Modeling
  • K. Pirouz, F. Rezvani (2008). US offshore outsurcing with reference to India. Review of Business Research
  • N. Firoz, F. Rezvani (2007). Comparing Interest-Free Banking with Conventional Banking. Ethics & Critical Thinking
  • K. Pirouz, F. Rezvani (2007). Iran - China Alliance . The Journal of American Academy of Business, Cambridge
  • A. Baytas, S. Leveen, F. Rezvani (2006). A Global Portfolio Allocation Strategy Under Some Practical Constraints. The Business Review, Cambridge
  • F. Rezvani (2006). The U.S., Japan in the Global Semiconductor Industry. Journal of American Academy of Business
  • F. Rezvani, A. Baytas, S. Leveen (2006). The United States and Japan in the Global Semiconductor Industry. The Journal of American Academy of Business
  • N. Firoz, F. Rezvani (2003). Foreign investment opportunities and customs laws in China's Special Economic Zones' . International Journal of Marketing
  • F. Rezvani (2002). Why are Crime Rates Going Down? Case of New York City. Journal of Development Alternatives and Area Studies
  • A. Baytas, F. Rezvani (1994). Natural Resource Accounting in Ghana. Atlantic Economic Journal
  • A. Baytas, F. Rezvani (1993). Forestry Resource Accounts in Ghana: 1970-87.
  • K. Pirouz, F. Rezvani (2011). Iran's Regional Economic Alliance: an Evaluation. Journal of International Finance & Economics
  • K. Pirouz, F. Rezvani (2012). Evaluating Iranian Economy: 2000-2010. Review of Business Research
  • , F. Rezvani, K. Pirouz (2013). Recent Trends in Income Inequality in the United States. Journal of Business and Educational Leadership
  • F. Rezvani, Z. Zamanian (2016). RENEWABLE ENERGY A 21ST CENTURY CHALLENGE. California Business Review
  • , K. Pirouz, F. Rezvani (2014). Performance of Iran's Economy: 2004-2012. Journal of International Business and Economics
  • F. Rezvani, H. Bonitsis, , , , (2016). Is There a U.S. Dollar-Petroleum Price Nexus? . The International Journal of Finance
  • F. Rezvani (2023). Renewable Energy: State of New Jersey. Journal of Academy of Business and Economics

Published Proceedings

  • F. Rezvani (5s). 1987. A Time Series Analysis of Budget Deficits and Short-Term Interest Rates Proceedings of Seventh International Symposium on forecasting, Harvard University
  • F. Rezvani, B. (5s). 1987. An AHP Aproach to the Assessment of Political Risk for Investment in Brazil Proceedings of Seventh International Symposium on forecasting, Harvard University
  • F. Rezvani (5s). 1986. An AHP Approach to the Assessment of Political Risk in Argenina Proceedings of the Sixth International Symposium on forecasting, Harvard University
  • F. Rezvani (5s). 1985. Using the AHP Process to Select Investment in a Hetrogenous Environement Proceedings of Fifth International Symposium on forecasting, University of California, Berkeley
  • F. Rezvani, H. Bonitsis (5s). 2010. Is There a U.S. Dollar – Petroleum Price Nexus? Northeast Business and Economics Association
  • , F. Rezvani, K. Pirouz (5s). 2011. Executive Pay: Are U.S. Executive Compensations Justifiable: A Critical Examination Review of Business Research

Books & Chapters

  • F. Rezvani (1997). Economic Determinants of Juvenile Crime.