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Gateway To Business Analytics With Microsoft Excel, Humberto Barreto

School of Business and Leadership Working Papers

This is an open-access book for an introductory course in Business Analytics that heavily emphasizes Microsoft Excel. There are no prerequisites and the target audience is first- or second-year undergraduate students who have used a spreadsheet before, but have no specialized training in Excel, calculus, statistics, or programming. All files are freely available at https://tiny.cc/busanalyticsexcel

Effective And Comprehensive Experiments For The Principles Of Microeconomics Classroom

Journal of Economics and Finance Education

This paper structures a set of interactive classroom experiments related to the most significant topics in principles of microeconomics courses. Such experiments have the potential to take teaching and learning beyond the limitations of a traditional lecture-based approach and increase student engagement as a result. The listing established herein includes both simplified, more focused versions of activities used by other researchers as well as an original experiment created for a specific topic which lacked established activities. This work establishes a set of ten experiments that are cost effective, simple to implement, and can be adapted to various class sizes.

Simulating Hedge Fund Fee Structures In An Investments Course

Journal of Economics and Finance Education

Graduate level investments courses frequently include a discussion of hedge funds and the related fees. Many alternative fee structures exist for these funds. It is important for future hedge fund managers to wrestle with the advantages and disadvantages of each structure as they define their fund. This paper introduces a semester-long exercise that requires students to select a specific fee structure, implement and track it, and experience the consequences of their performance.

On The External Validation Of An Undergraduate Finance Program’S Assurance Of Learning

Journal of Economics and Finance Education

This study examines the assurance of learning in a finance program by analyzing the factors influencing students’ CFA Level 1 exam (CFA-L1) scores. Results show that (1) performance in CFA-L1 is explained by factors similar to those identified in studies on normalized standard examinations; (2) knowledge retention from non-Candidate Body of Knowledge (CBOK)-aligned courses is almost non-existent. The author suggests that replacing core courses with CBOK-aligned courses is the most effective way to “close the loop.” The author notes that internal validation tools (e.g., course assessments) are not useful due to systemic grade inflation and the culture of favoring soft …

Enhancing Student Engagement: The Synergy Of Peer Assessment And Flipped Classroom Design

Journal of Economics and Finance Education

Grounded in student-centered teaching practices, we investigate the synergy of peer assessments and flipped classroom design in an economics course specifically developed for incoming MBA students. This innovative approach was implemented for two consecutive terms. Survey results show that students have a positive view of this integrated approach. It enhances their engagement and improves their knowledge and skills by providing constructive feedback. Additionally, this combination helps students improve their assessment skills.

Automated Feedback For Formative Excel Assignments

Journal of Economics and Finance Education

No abstract provided.

Amortization Tables With Loan Prepayments

Journal of Economics and Finance Education

This paper presents an Excel-based learning exercise to build amortization tables with mortgage prepayments. Periodic and one-time prepayments are considered. Students analyze how the application of prepayments changes the cost and term of a mortgage. Essential financial literacy and spreadsheet skills that are highly valued by households and employers are demonstrated in this exercise.

The Value Of The 1-Hour Credit Course: Evidence From An Interdisciplinary Course On Financial Literacy

Journal of Economics and Finance Education

The purpose of this paper is to explore the potential benefits of one-hour courses by examining the design and learning outcomes of an interdisciplinary course, Financial Literacy for Entrepreneurs. The course served 52 students from a variety of majors. Qualitative evidence suggests that students found the course enjoyable and useful. In addition, quantitative evidence from course pre-tests and post-tests suggests significant gains in student learning. Our findings indicate that one-hour courses represent a valuable alternative to traditional course design.

Starting With Substance: An Economics Icebreaker For The First Day Of Class

Journal of Economics and Finance Education

This paper presents an economics-focused icebreaker activity designed for the first day of class in microeconomics or macroeconomics courses. The activity engages students in a hands-on exercise illustrating key economic concepts such as incentives, equilibrium, and emergence. By lining up according to height without verbal communication, students experience how individual actions and simple rules can lead to an organized outcome, demonstrating the Austrian economics idea of spontaneous order in markets. This activity energizes the classroom and lays the foundation for a deeper exploration of economic principles.

Learning About Data Sources Through The Dataset Presentation

Journal of Economics and Finance Education

Economics has become an increasingly data-driven, empirical discipline. Alongside this, the advantages of undergraduate research have become more appreciated. These trends merge with students employing empirical techniques in undergraduate research. An active literature has developed on how to implement this. This paper addresses a potential hold-up for undergraduates that has received little attention: how to acquaint students with major data sources. To accomplish this, we provide an assignment (prompt, list of data sources by difficulty, and grading rubric) in the form of a short, data-driven presentation designed to have students learn, acquire, and work with a publicly available dataset.

Effects Of Intermediate Finance Course Timing On Performance

Journal of Economics and Finance Education

We study the effect of course timing and sequencing on performance of students taking intermediate corporate finance at a certain university. Controlling for student attributes, grades in intermediate and post principles overall were better if students had completed 1) investments and 2) financial markets and institutions, while the delay between completion of principles and intermediate was associated with reduced performance. The former effect appears to dominate. The relations tend to be stronger for students who entered the university as transfer students and for other specific populations. The population-specific results support a role for advising tailored to specific student characteristics and …

Tax Streams, Land Rents, And Urban Land Allocation, Yugang Tang, Zhihao Su, Yilin Hou, Zhendong Yin

Center for Policy Research

This paper examines the fiscal motives behind municipal governments' decisions to allocate commercial and residential land when two categories of land use are subject to different fiscal revenue alternatives: business-related tax and/or land rent. We use urban parcel-level land transfers during China’s peak period of urbanization, match commercial parcels with residential parcels, and find significant price discounts on commercial parcels relative to adjacent residential parcels. The observed discounts arise from the future tax flows from commercial use, i.e., expected taxes from developed commercial land reduce its transfer price. We conduct a structural estimation to examine the implications on land use …

Does Innovation Facilitate Meeting The Co2 Emission Reduction Targets Of China: A Non-Linear Approach, Yifan Wang, Nadia Doytch, Mohammed Elheddad, Wei Li, Mengna Chi

Ateneo School of Government Publications

China has been implementing energy efficiency and CO2 emission reduction schemes at the provincial level that have been embedded in the National Five Year Plans of the country. We set out to investigate the relationship between R&D expenditures and CO2 emissions in China at the province level in the context of the planned emissions reduction targets. We explore the possibility of the existence of a non-linear relationship between R&D expenditures and CO2 emissions with a non-parametric methodology, a fixed effect panel data quantile (FEQR) regression estimator applied to a panel of 30 provinces. We stratify the sample according to the …

Do The Securities Laws Actually Protect Investors (And How)? Lessons From Spacs, Patrick M. Corrigan

Journal Articles

From the Article

This Article identifies transactional innovation in public offering markets as a case study of how going-public transactions would work if issuers could choose to relax some of the investor protections provided under the securities laws. In recent years, private companies that wanted to go public had a meaningful choice between a traditional initial public offering and a merger with a special purpose acquisition corporation (SPAC). Most of the direct and indirect investor protections that ordinarily apply in the initial public offering context are relaxed in the SPAC context.

The Article argues that outcomes in SPAC markets, where …

Exchange Rate Pass-Through To Inflation For Bangladesh: An Empirical Analysis, Saila Sarmin Rapti

Graduate Student Theses, Dissertations, & Professional Papers

Assessing the impact of exchange rate pass-through (ERPT) on inflation is a crucial concern for policymakers in both developed and developing economies. The study evaluates both short- and long-term pass-through effects, shedding light on the relationships between the exchange rate movements and inflation rates in Bangladesh. In this regard, this paper applies an Auto Regressive Distributed Lag (ARDL) model and Engle and Granger cointegration test with Error Correction Modeling (ECM) to estimate ERPT in Bangladesh based on monthly data spanning 2010 to 2023 to provide a more robust and rigorous investigation of the long-run and short-run pass-through of exchange rates. …

Inflation Expectations And Political Polarization: Evidence From The Cooperative Election Study, Ethan Struby, Christina Farhart

Department of Economics Working Paper Series

Using a unique, nationally representative survey from the 2022 midterm elections, we investigate the partisan divide in beliefs about inflation and monetary policy. We find that party identity is predictive of inflation forecasts even after conditioning on beliefs about both past inflation and the Federal Reserve’s long-run inflation target. Partisan forecast differences are driven by respondents who express low generalized trust in others and have a high degree of political knowledge; high-trust and low- knowledge partisans make similar forecasts all else equal. This finding is consistent with the literature in political psychology that examines the endorsement of conspiracy theories and …

An Investigation Of Bidder Behaviour In Wic Infant Formula Rebate Auctions, Ashma Pandey

Electronic Theses and Dissertations

This research investigated the competitive bidding dynamics for infant formula rebate contracts within the Special Supplemental Nutrition Assistance Program for Women, Infants, and Children (WIC). I begin by focusing on the differences between winning and losing bids. The study employs multiple regression to predict rebate bids submitted by major manufacturers when they win a contract. I next conduct a paired t-test for each manufacturer – revealing statistically significant differences between predicted bids (based on the parameters from the winning model) and actual bids when a manufacturer did not win. This suggests that each manufacturer bids significantly lower rebates (higher net …

The Estimation Of Production Functions With Monetary Values, Jesus Felipe, John Mccombie, Aashish Mehta

Angelo King Institute for Economic and Business Studies (AKI)

For decades, the literature on the estimation of production functions has focused on the elimination of endogeneity biases through different estimation procedures to obtain the correct factor elasticities and other relevant parameters. Theoretical discussions of the problem correctly assume that production functions are relationships among physical inputs and output. However, in practice, they are most often estimated using deflated monetary values for output (value added or gross output) and capital. This introduces two additional problems—an errors-invariables problem, and a tendency to recover the factor shares in value added instead of their elasticities. The latter problem derives from the fact that …

Eco 11, Karen David Prof.

Open Educational Resources

This the syllabus for the ECO 11 Microeconomics course taught by Prof. David. It is a ZTC course using an OpenStax OER textbook.

The Influence Of Financial Literacy, Environmental Literacy, And Environmental Concern On Green Preferences Among Young Adults In Brunei Darussalam, Siti Rafhanah Binti Haji Nor Hasnul, Shaista Wasiuzzaman

ASEAN Journal on Science and Technology for Development

This study aims to assess the green preferences in Brunei Darussalam among young adults evaluate the level of environmental and financial literacy among Brunei’s young adults and investigate the influence of financial literacy, environmental literacy and environmental con- cern on the green preferences of young adults in Brunei. A survey questionnaire was distrib- uted to youths between the ages of 15 to 40 years old, out of which 192 responses were gath- ered. Various statistical analyses were carried out to achieve the aims. It is found that green preferences were moderate among Bruneian young adults. Environmental literacy is found to …

Justice As Fairness Or As Inclusion: Putting Rawls In Conversation With The Bans On Transgender Athletes, Nicole Player

Pomona Senior Theses

The last decade has seen a flurry of anti-transgender bills introduced and passed in the United States, and the topic that has likely been the most hotly debated regards the dozens of state bans on transgender athletes. While most discussions of these bans go straight to a debate about physiology, this thesis centers instead on a question of justice. In the debate of whether to allow a transgender girl to compete in girls’ sports, is it more “just” to prioritize fairness in women’s sport, as these bans do, or is it more just to prioritize inclusion? This thesis, in finding …

Medical Expenditures And The Measurement Of Poverty In The United States, Luke Petach, David Wyant

Faculty Scholarship

Using data from the Medical Expenditure Panel Survey (MEPS) we estimate the fraction of the US population that is health poor. A person is health poor if their income prior to paying health insurance premiums and out-of-pocket healthcare costs is above the poverty line, but their income net-of-premiums and out-of-pocket healthcare costs is below the poverty line. Because resources used to finance health insurance premiums and out-of-pocket costs are (A) lexicographically preferred and (B) cannot be used to maintain an individual’s standard of living, they should be excluded from official poverty estimates. Approximately 1% to 2% of the US population …

Leveraging Brazilian Administrative Data To Examine The Impact Of Unobservable Factors On Earnings, Victor Gabriel Antunes Buttignon, Francis Carlo Petterini Lourenço, Edinaldo Tebaldi

Mathematics and Economics Faculty Journal Articles

This research contributes to the literature and fills a gap in the Brazilian literature on the returns to public and private education. Most research examining this differential are subject to potential bias because of the lack of controls for unobservable variables. This work accounts for unobservable traits by leveraging the methodology proposed by Dale and Krueger (2002) and data from the National Association of Graduate Centers in Economics (ANPEC) and administrative data from the Annual List of Social Information (RAIS). The findings indicate that the positive earnings differential for public education turns insignificant when controls for unobservable characteristics are accounted …

Entire Volume Journal Of Banking And Financial Economics 2024, 1(21)

Journal of Banking and Financial Economics

Entire Volume Journal of Banking and Financial Economics 2024, 1(21)

Government Subsidy In The U.S. Mortgage Market: A Structural Analysis With Bunching, Bowen Shi, Yunhui Zhao

Journal of Banking and Financial Economics

It is crucial to better understand the U.S. residential mortgage market, where the global financial crisis originated. In this paper, we develop an infinite-horizon continuous-time structural model to study the effects of the longstanding and widespread Government-Sponsored Enterprises (GSEs) mortgage default insurance subsidy on U.S. mortgage underwriters’ equilibrium lending behaviour. Despite the richness of the model, we obtain analytical solutions for the equilibrium loan size and interest rate. We then employ truncated loan-level data to estimate the subsidy’s magnitude using maximum likelihood by exploiting a distinctive data feature that many borrowers bunch at the subsidy eligibility cutoff. We find that …

The Simplified Additional Funds Needed Equation And Its Implications

Journal of Economics and Finance Education

As part of the corporate financial planning process, a firm must quantify the external funds required to achieve a specified growth rate. The additional funds needed (AFN) equation purportedly provides managers with a simple, first-cut way to do so. However, in its traditional specification, the AFN estimate appears to ignore financial feedback effects, potentially undermining its usefulness. This paper restates and simplifies the AFN equation. The new specification reveals that the estimated AFN is not distorted by financial feedback effects and can be used in its unadjusted form as an initial estimate of a firm’s financing needs.

Does Learning Economics Make You Less Susceptible To The Sunk Cost Fallacy?

Journal of Economics and Finance Education

The sunk cost fallacy is typically covered in introductory economics courses. It is among the most important biases that influence decision making. Ronayne et al. (2021a,b) find evidence of behavior consistent with the sunk cost effect and utilize eight questions that measure individuals’ susceptibility to the sunk cost fallacy. We extend their research by examining whether a “pop culture” teaching intervention in principles of microeconomics lowers students’ predisposition to the fallacy. We find that students become -14.95% less susceptible to the sunk cost fallacy after learning about it. We also observe that students who have taken economics previously exhibit lower …

Essays On Institutions And Business Performance In A Less-Developed Economy, Obinna Franklin Ezeibekwe

Graduate Research Theses & Dissertations

The dissertation comprises three essays that collectively contribute novel insights into the impact of institutional and regulatory factors on firm performance in Nigeria.

The first essay presents the first empirical assessment of the causal heterogeneous effects of competition from informal firms on the revenue of Nigerian formal firms using quantile regression, causal mediation analysis, and non-parametric preprocessing matching. The theoretical framework mathematically depicts how informality determines formal firm revenue by influencing prices.

In the second essay, I provide the first empirical assessment of the causal impact of bureaucratic corruption on firms' financial constraints in Nigeria by calculating treatment effects using …

Three Essays On The Impact Of Debt On Young American Adults’ Lives After Graduation, Sylvie Sanou

Graduate Research Theses & Dissertations

This dissertation investigates the impact of financial constraints due to debt on three aspects of young American adults' lives after graduation. The first essay examines the impact of student loan debt on the mental health of US young adults using restricted-access and publicly available data from the 1997 National Longitudinal Survey of Youth (NLSY97). Prior studies found that debt negatively affects mental health. However, few papers focused on educational debt. Unlike other debt, student loan debt is special because it funds human capital investment, and borrowers expect to receive a significant return on the investment. Using a two-stage estimation model, …

Essays On Computational And Financial Economics, Mohammadreza Mahmoudi

Graduate Research Theses & Dissertations

This dissertation comprises three essays centered on computational and financial economics, addressing the economic implications of the COVID-19 pandemic, the interplay between monetary policy and the cryptocurrency market, and the strategies for cryptocurrency portfolio optimization.

In the first essay, the spotlight is cast on the U.S. government's response to the COVID-19 pandemic and its subsequent economic ramifications. The study meticulously assesses the implemented uniform pandemic control policies and contrasts them with potential targeted measures. These targeted strategies take into account the differential effects of the virus on various age demographics. By employing the adjusted SEQIHR model as a tool for …