Originally in the Newsweek article, “In Search of Great Professors” by Dina Fine Maron:


Students are often surprised the first time they get an assignment back from Prof. Emma Rasiel—there may be a lot of red. Tough love is a tool for Rasiel, 44, a professor of economics at Duke University. “Students have been told for 15 or 16 years that they can get partial credit, but in the real world people don’t get partial credit,” she says of her grading practices. If you don’t have the right answer, you will get a zero. Though she’s strict in her grading, students flock to her class. “Anyone you talk to will recommend Professor Rasiel,” says Helin Gai, ‘09. “Her classes are a great mixture of theory and practice.” When it comes to the world of economics, Rasiel knows what she’s talking about: before getting her Ph.D. from Duke’s business school she was executive director of the London office of Goldman Sachs. In her classroom she merges the two worlds, often inviting eight to 10 guest lecturers to her Global Capital Markets class to highlight how economic theory shakes out in practice. She brings more Wall Streeters to campus to judge economic competitions she sets up for Dukies. Though she’s left Wall Street, Rasiel still keeps its long hours—mentoring students, running Sunday review sessions, and offering formal career advice through the school’s career center—sometimes totaling 90 hours a week. In 2001, when she was still a Ph.D. student, her Asset Pricing class boasted 30 students—now it has 130. While she attributes some of the uptick to an increased interest in the subject matter, her students say that she really makes the class. She’s involved with her students’ success right down to the little details; she even reminded James Melnick, ‘09, to tie his shoes as he was going into an interview. Later, he says, “I signed up for an independent study with her without even reading the course description.”