The third annual Calculus Tournament was held on November 19, 2016 from 4 to 5: 30 PM in the Math Resource Center of the Department of Mathematics. Eleven teams, each with at most 3 students, competed in the tournament to solve eighteen calculus problems. The problems ranged from the history of calculus to differentiation and integration to applications of calculus were selected by Dr. Jeff Beyerl, Math Club Faculty Advisor. The winning team members- *Lindsey Hazeslip, Azaryah Wilson, and Connor Wilson-* each received a gift certificate for $15. Plans are underway to select a couple of teams to represent UCA at the Math Jeopardy Contest at the Oklahoma- Arkansas Sectional Meetings of the Mathematical Association of America to be held at University Oklahoma in Spring 2017. Pictured here are a few scenes from the tournament.

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Dr. *Long Le*, Associate Professor of Mathematics and Dr. *James Fetterly*, Assistant Professor of Mathematics who specializes in education, conducted professional development workshops for twenty middle and secondary school teachers in central Arkansas between July 11-15, and July 25 – 29, 2016. The workshops were primarily focused on concept and skill development lessons for several topics within Algebra. Among the topics covered were proportionality, quadratic and exponential expressions. In particular, by developing a thorough understanding of the scaffolding involved in each topic, teachers will be able to recognize and assess student’s current level of understanding and provide remediation skills, when necessary. The workshops were part of a $60,699 *No Child Left Behind Grant* grant project *Algebra- Connecting Concepts* funded by the U.S. Department of Education through the Arkansas Department of Higher Education. Dr. *Umadevi Garimella*, Director of the UCA STEM Institute is the PI and *Dr. Ramesh Garimella*, Chair of Math Department, is the co-PI. The main objective of the project is to provide long-term, sustained, and high-quality professional learning opportunities to strengthen teacher content knowledge in algebra.

__ESSENTIALS OF COMPUTER PROGRAMMING__

The UCA STEM Institute in cooperation with the Departments of Mathematics and Computer Science offered professional development workshops titled Essentials* of Computer Programming: Teacher Training and Support *this summer. Attending were six middle and high school teachers planning to teach essential of computer science this upcoming academic year. The workshops were conducted by *Dr. R.B. Lenin*, Associate Professor of Mathematics, and supported by *Mrs. Karen Thessing*, Lecturer in Computer Science. This year-long PD is designed to provide teacher training to meet the requirements of Act 187. Training included a week long workshop from July 25 -29, 2016 held in the UCA Department of Mathematics the Computer Lab and ongoing teacher & classroom support via Google Classroom and Google Hangout/Skype. The workshops were focused on Java using Eclipse with an option to continue training during the upcoming academic year in advanced Java concepts. *Dr. Uma Garimella*, Director of the UCA STEM Institute, organized the event.

__CONNECTING CORE INSTRUCTIONS __

** **Dr. *Nesrin Sahin,* Assistant Professor of Mathematics Education, conducted Connecting Core Instructions (CCI) PD workshops for 25 elementary and middle school teachers in Arkansas on the UCA campus May 14, June 20-22 & July 19-21, 2016. The mathematics part of the PD lasted two hour each day. The topics covered were – understanding and interpreting graphs (qualitative and quantitative interpretation of graphs), types of graphs, linear and exponential growth, linear regression, dependent and independent variables, and probability. Teachers explored these concepts through hands-on activities, and group discussions. This was part of a $146,866 grant titled *Connecting Core Instructions for Mathematicians and Scientists*, funded by the U.S. Department of Education thorough the state MSP Program. Dr. Umadevi Garimella, Director of the UCA STEM Institute is the PI for the project.

__EXCELLENCE IN ELEMENTARY SCHOOL SCIENCE__

** **Dr. *James Fetterly, *Assistant Professor of Mathematics Education, conducted PD workshops on June 20-23 and July 21, 2016 for 20 elementary teachers in Arkansas to enhance their content knowledge and teaching skills through development of a vertical team to integrate science, mathematics, literacy, technology, and embrace project-based learning. The workshops were part of a $146,866 grant titled, *Excellence in Elementary School Science* (ESSS), funded by the U.S. Department of Education thorough Arkansas State MSP Program. Dr. *Umadevi Garimella*, Director of the UCA STEM Institute is the PI and and Dr. *Haihong Hu,* Assistant Professor of Leadrship Studies is the co-PI for the project. The EESS project ‘s goal is to provide long-term sustained high quality professional development, which includes four one-day sessions during the 2015-2016 academic year, two one-week summer institutes, and two classroom visits to observe and/or mentor teachers for a minimum of 100 contact hours. Teachers will develop lesson plans and share via Google Drive.

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This paper incorporates the Flexible Least Squares (FLS) approach with a free statistical computing and graphics software *R* to estimate the three-factor model developed by He and Reichert in 2003 to trace time variation paths in risk sensitivities of bank stock returns during 1990-2014, one of the most serious financial crises period in the U.S. history. The results of the paper show that interest rate sensitivity of bank stock returns coincides with the dramatic changes in the bond market. It was significantly positive before the 2006 subprime mortgage crisis, reduced to insignificant between 2006 and 2008, and turned into significantly negative between 2008 to 2014. Further, the results of this study found that bank stocks negatively respond to changes in housing prices between1990-1994 and after that the sensitivity turns into significantly positive. The significant shifts in risk sensitivities of banks stock returns coincide alterations in long-term interest rates and monetary policy, especially, the enormously stimulative monetary policy after the financial crisis in 2008.

Ms. Chen is currently pursuing a master’s in statistics at the University of Missouri-Columbia where she plans to complete her Ph.D. in statistics.

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The Department of Mathematics in conjunction with the UCA STEM Institute and the Department of Computer Science offered the

** ****Computer Coding for Beginner**** (June 6 to 10, 2016) **Nineteen 4^{th} to 6^{th} graders from central Arkansas were involved in this program. The participants had lot of fun learning coding concepts and hands-on projects. A coding tool known as *Scratch* was used to build computer games, stories, and much more. Each day the students were introduced to new concepts like lists, variables, loops, blocks and how they are used in real world applications. With this knowledge, students will be able to take it further, extend their skills by practicing more, and moving into further programming languages like Python and Java*.*

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**Intermediate Computer Coding (June 13 to 17, 2016). ** Twelve 7^{th} to 10^{th} graders from central Arkansas were involved in this program. Seven of the twelve students participated in the *Computer Coding for Beginners* session in the previous week. Students used Python language to write small pieces of code blocks to accomplish tasks. Each day they were made aware of new concepts, working with data types, variables, loops (nested), function blocks, import modules and practiced them in the classroom. How the above concepts can be used in real world applications was discussed. On the last day, everyone participated in a group quiz and scored 95%. Overall, the participants had positive impressions of the activity.

**Advanced Computer Coding (June 20 – 24, 2016)**: Five high school students participated in this activity. They explored the basics of Java programming with hands-on-projects.

**Exploring Physics (June 6 – 24, 2016):** Fifteen middle and high school students explored how light was related to astrophysics and observational astronomy, and how waves were related to plate tectonics. Also they explored electronics and its application to robotics. Students experienced a fun mixture of hands on activities and demos, and further the students built and programmed a robot for a maze competition during the last week of the camp.

**Algebra for Beginners ( June 6 – July 1, 2016):** Eleven middle school students students worked on problems that covered content from pre-Algebra and Algebra I. This included ratios and proportions, pattern recognition, linear relationships and functions, and exponential functions. Discovery-based learning method was employed for this activity. Students interacted by exploring and manipulating objects, wrestling with questions and controversies, or performing experiments. Several fun an dinteresting problems were pulled from Mark Driscoll’s book *Fostering Algebraic Thinking*. Problems included whether it is more cost effective to take a shower or bath, how far a camera was away from an exploding bridge, and how many times you would need to fold a piece of paper before it reached the moon. Students were encouraged to ask questions, write on boards, made use of manipulatives, and worked either in groups or independently.

**Advanced Algebra (June 6-July 1, 2016):** Six middle school students explored basic algebra skills typically found in a first year college math course. Topics were introduced at a weekly pace beginning with linear functions and equations where students used linear regressions to estimate their heights based on the length of their arm as well as calculating the value of the number pi. During the second week, quadratic functions were introduced along with some introductory physics. Students timed the flight of a ball dropped from varying heights and were able to calculate the velocities and acceleration due to gravity of the ball. General polynomial functions were discussed in the third week. Students were taught how to find relative minimums/maximums, increasing/decreasing intervals, and zeros of various polynomial functions; students constructed boxes to maximize volume. In the final week, inverse functions were introduced along with modular arithmetic. Students used functions and their inverses to encode and decode ciphered message

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Dr. Charles Watson, associate professor of mathematics, serves as the ACTM contest director. Dr. Linda Griffith, professor of mathematics, is the current president of ACTM. Several mathematics faculty members including Dr. Carolyn Pinchback, Mrs. Loi Booher, and Mrs. Crystal Spellmann and graduate students assisted with the contest.

]]>**O.L. Hughes Award** was presented to **Jamie Mullins**. This award is presented every spring to a senior in mathematics who has an exemplary academic record. Jamie received her BS degree in pure mathematics at the 2016 Spring Commencement and will join the Department as a graduate student in Mathematics Education in Fall 2016.

**Dorothy Long Award** was given to **Diana Morales***.* This award is presented every year to a junior female mathematics student who has an exemplary academic record. Diana is active in undergraduate research and co-presented a poster in January at the national Joint Meetings of AMS & MAA in Seattle, Washington.

Graduate students **Haley Laffoon** and **Robert Habimana** were co-recipients of this year’s **Outstanding Graduate Student Award.** Haley received her MA degree in Mathematics Education at the 2016 Spring Commencement and will join the Episcopla Collegiate School in Little Rock as a mathematics teacher. Robert was mentored by late Dr. Clarence Burg and is currently finishing up his master’s thesis in applied mathematics with Dr. Danny Arrigo and is expected to receive his MS degree in August 2016.