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Pepperdine | Graziadio Business School

David M. Smith, PhD

Associate Professor of Economics; Associate Provost for Online Programs

(310) 568-5538

Email: david.m.smith@pepperdine.edu

David Smith Associate Professor of Economics

David M. Smith serves as Associate Professor of Economics at the Pepperdine Graziadio Business School. He has had the privilege of working at Pepperdine for 20 years, teaching over 1,000 graduate and undergraduate students. In addition to his work as a teacher, he has served in numerous leadership posts at Pepperdine, including Department Chair, Senior Associate Dean, and most recently, serving as the 8th Dean of the Graziadio School.

Prior to obtaining his doctorate in economics, Dr. Smith worked for seven years as a manager in the insurance industry. David’s economic expertise includes the areas of compensation analysis, data loss, and analysis of specific labor markets. He has consulted for several industries, specializing in the legal and financial services, technology, medical, and non-profit sectors. With extensive experience in both academia and business, David aims to translate the complexity of economics into the language of business with clarity.

Dr. Smith is active in service to AACSB, the international accrediting body for business schools. He serves as a peer reviewer and mentor, and in the past has served as chair of the steering committee for the Associate Dean’s Affinity Group.

A labor economist with an applied focus, Dr. Smith has published numerous articles that have appeared in both academic and practitioner journals. His research on credit unions has been used in arguments before the U.S. Supreme Court as well as in state legislative hearings. David Smith has been a commentator on economic issues for various news media, such as CNN, the London Times, Los Angeles Times, Baltimore Sun, USA Today, the New York Times, and the Investor’s Business Daily. David received his bachelor’s degree from Wheaton College in Illinois, and his master’s and doctoral degrees in economics from Michigan State University.

PhD, Michigan State University

Lansing, MI

MA, Michigan State University

Lansing, MI

BA, Wheaton College

Wheaton, IL


PhD, Michigan State University
MA, Michigan State University
BA, Wheaton College

Area of Expertise

Labor Issues
Global Economics

Professional Experience


David Chapman Agency, Inc., Lansing, Michigan: Finance Manager for Insurance Brokerage Firm


Consulting in economic and compensation analysis, and litigation support

Selected Publications

“How Online and Hybrid Programs Can Be Used to Reform Curricula,” with Owen P. Hall, Jr., pp. 208-218, in Hybrid Learning and Continuing Education, Lecture Notes in Computer Science, Cheung, S.K.S.; Fong, J.; Fong, W.; Wang, F.L.; Kwok, L.-F. (Eds.), Volume 8038, 2013.

“Commercial Lending During the Crisis: Credit Unions vs. Banks,” pp. 1-21, Madison, Wisconsin, Filene Research Institute, 2012.

“Withstanding a Financial Firestorm: Credit Unions vs. Banks,” with Stephen Woodbury, pp. 1-13, Madison, Wisconsin, Filene Research Institute, 2010.

“Senior Home Ownership Shifts in the United States: Will they have an economic impact?” with Valadez, Ray International Journal of Global Business Development, 2(1), (2009)168-178.

“Filene Executive Reports: 10 Research Findings with Strategic Implications for Credit Unions,” with Karen Goncalves, pp. 1-35, Madison, Wisconsin, Filene Research Institute, 2007.

“Gender Pay Differences Among Highly Skilled Workers: The Market for Veterinarians,” in Earn More, Move Up, Jennifer Keil, editor. St. Paul, Minnesota: Center for Economic Progress and Prism Publishing, 2006.

"Pay and Productivity Differences Between Male and Female Veterinarians.” Industrial and Labor Relations Review 55, (April 2002): 493-511.

Selected Service

Small Business Financial Health Study Advisory

Board, Federal Reserve Bank of San Francisco, 2013-15

School Mentor and Peer Reviewer, AACSB Accreditation

Reviewer, Journal of the American Veterinary Medical Association (on Business topics)
Reviewer, Research in Labor Economics

Honors and Awards

John Nicks Memorial Service  Award

Awarded by the faculty of the Graziadio School of Pepperdine University, 2003 and 2016.

Most Innovative Paper Award

National Business and Economics Society, 2012.

Outstanding Professor

Pepperdine MBA class of 2000, awarded 2010.

Graziadio Business Review

Interview with Robert Eckert, Chairman of the Board and CEO of Mattel, Incorporated

What’s Next LA: The Road to Economic Recovery

America’s Financial Crisis

Business Survival Skills

Attempting to Control Health Care Costs – Again

The Cost of Lost Data

Conversation with Kinko’s Paul Orfalea

Electricity Price Gouging in California?

Conversation with Salomon Smith Barney’s Mitchell J. Held

Balancing Act for Employers in Today’s Labor Market

The California Electricity Crisis