Open Access. Powered by Scholars. Published by Universities.®

Social and Behavioral Sciences Commons™

Open Access. Powered by Scholars. Published by Universities.®

Economics

Institution
Keyword
Publication Year
Publication
Publication Type
File Type

Articles 4621 - 4650 of 47175

Full-Text Articles in Social and Behavioral Sciences

Abmscore: A Heuristic Algorithm For Forming Strategic Coalitions In Agent-Based Simulation, Andrew J. Collins, Gayane Grigoryan Jan 2024

Abmscore: A Heuristic Algorithm For Forming Strategic Coalitions In Agent-Based Simulation, Andrew J. Collins, Gayane Grigoryan

Engineering Management & Systems Engineering Faculty Publications

Integrating human behavior into agent-based models has been challenging due to its diversity. An example is strategic coalition formation, which occurs when an individual decides to collaborate with others because it strategically benefits them, thereby increasing the expected utility of the situation. An algorithm called ABMSCORE was developed to help model strategic coalition formation in agent-based models. The ABMSCORE algorithm employs hedonic games from cooperative game theory and has been applied to various situations, including refugee egress and smallholder farming cooperatives. This paper discusses ABMSCORE, including its mechanism, requirements, limitations, and application. To demonstrate the potential of ABMSCORE, a new …


A Stock Optimization Problem In Finance: Understanding Financial And Economic Indicators Through Analytical Predictive Modeling, Aditya Chakraborty, Chris Tsokos Jan 2024

A Stock Optimization Problem In Finance: Understanding Financial And Economic Indicators Through Analytical Predictive Modeling, Aditya Chakraborty, Chris Tsokos

Epidemiology, Biostatistics, & Environmental Health Faculty Publications

Given the significant impact of healthcare stock changes on the global economy, including its GDP and other financial factors, we endeavored to create an analytical prediction model for forecasting the annual percentage change of these stocks. Our model, which is nonlinear, incorporates five key discoveries. We focused on predicting the average weekly closing price (pWCP) of AbbVie Inc. (North Chicago, IL, USA)'s healthcare stock (ABBV) from 1 August 2017 to 31 December 2019. The stock was chosen based on the low beta risk, high dividend yield, and high yearly percentage return criteria. Alongside predicting the weekly stock price, our model …


Towards Inclusive Public Administration Systems: Public Budgeting From The Perspective Of Critical Race Theory, Juan Pablo Martínez Guzmán, Meagan M. Jordan, Philip G. Joyce Jan 2024

Towards Inclusive Public Administration Systems: Public Budgeting From The Perspective Of Critical Race Theory, Juan Pablo Martínez Guzmán, Meagan M. Jordan, Philip G. Joyce

School of Public Service Faculty Publications

While there is a developing consensus that governments need to address systemic racism, public administration scholarship has not played a large role in supporting policymakers who want to achieve that end. To institutionalize that effort, we analyze the budget process as a setting to identify inequities and incorporate social equity given its overarching reach across all programs and policies. This article uses the tenets of critical race theory to illustrate how to use the budget process to incorporate equity. The resulting racial equity budgeting (REB) framework has three tenets: acknowledging and correcting historic biases, increasing the voice of nondominant groups, …


The Challenges Of Writing The History Of Localities That Were Under Colonial Rule In The Early Phase Of European Expansion: An Investigation Into Writing The History Of Negombo (Sri Lanka) In The Sixteenth And Early Seventeenth Centuries, Chandra R. De Silva Jan 2024

The Challenges Of Writing The History Of Localities That Were Under Colonial Rule In The Early Phase Of European Expansion: An Investigation Into Writing The History Of Negombo (Sri Lanka) In The Sixteenth And Early Seventeenth Centuries, Chandra R. De Silva

History Faculty Publications

Local history has been conventionally defined as a chronicle of a limited geographical area. The study of local history can have positive outcomes including reconstructing our ancestor’s everyday lives and providing opportunities for students to develop investigative research skills, develop linkages with locals and to also motivate students to improve their basic skills of reading, writing and critical thinking. Unlike in the West, however, where local historians use old records of their locality, local historians of lands colonized by Westerners have problems finding source material. For example, in Sri Lanka, the Portuguese occupying the southwest lowlands destroyed Buddhist and Hindu …


香港影視業勞工狀況終期研究報告2024, 嶺南大學政策研究院, 嶺南大學文化研究及發展中心, 嶺南大學「青年貧窮與就業」研究團隊, 潘毅, 梁仕池, 楊皓鋮, 蔡美琦, 鄧立賢 Jan 2024

香港影視業勞工狀況終期研究報告2024, 嶺南大學政策研究院, 嶺南大學文化研究及發展中心, 嶺南大學「青年貧窮與就業」研究團隊, 潘毅, 梁仕池, 楊皓鋮, 蔡美琦, 鄧立賢

CCRD Research Report

推動影視業發展是港府近年的文創政策重心。影視業較為人注目的是黃金年代後票房積弱和創作自由的議題;而銀幕背後,從業員的處境則容易被忽略。本研究報告兼用定量和定質的調查,深入淺出地分析本地投身電影、電視、廣告、網片等影像製作的從業員的勞動條件,探討不合理待遇的成因,並按研究結果提出政策及行業倡議。

本研究以問卷調查了212為從業員的工作狀況,與44名從業員進行深度訪談,得出以下主要發現:

1)影視業以自由工作者為主,他們的僱傭型態零散,普遍沒有明文及完整合約便要開工,並容易面臨拖糧和其他形式的剝削(詳見第5部分):

  • 影視從業員以自由工作者為主,缺乏保障,面對多種危脆性(見p.26)
  • 多數從業員開工前不會簽署正規協議(見p.35)
  • 業內實際工作協議的完整度,比從業員理想的完整度有很大落差(見p.38)
  • 行業零散度高,導致拖糧問題普遍(見p.47)
  • 從業員容易面臨壓價和被資方轉移商業風險(見p.53)

2)影視業的生態和文化令從業員面對不公的操作和「行規」亦難以改變。這些因素包括:行業以人脈為重、行內層級文化較強、從業員願意為創作犧牲待遇、行內較缺乏團結及行動意識(詳見第6部分):

  • 從業員極度依賴人脈接觸工作機會。遇到不合理待遇時,顧慮到自己形象和開罪前輩的可能性,很多人都會忍氣吞聲,避免被行家覺得麻煩、小器,導致不獲重用。這無疑是製造了灰色地帶,讓掌握工作機會的人士和單位可以刻薄對待和剝削勞工,而毋須被問責(見p.58)
  • 行內論資排輩的文化仍然存在,底層從業員要對前輩服從,表現出「肯捱」、願意「跟師傅學嘢」、甚至「任砌」等特質,難以反駁不合理要求,勞動尊嚴受損(見p.62)
  • 從業員對藝術創作抱有熱誠,在商業製作中亦未必完全以金錢衡量自己的付出,因此容易陷入甘願「自我犧牲」的心態,導致被剝削(見p.64)
  • 從業員若遇到不公平待遇,普遍不傾向團結行家一起尋求改變。主流的做法是在個人網絡傳播、私下聯絡對方追討、或放棄追究。多名受訪者歡迎行內發展出爭取權益導向的工會,惟他們認為現時並未有足夠條件推動(見p.65)

3)影視製作市道不佳,令製作預算壓縮,令長工時、職安意識不足問題亦更難有資源應對(詳見第7部分):

  • 拍攝現場有不少職安隱患,頗多從業員曾經歷或目睹工傷發生。從業員工時長、經常在疲勞狀態下工作;拍攝節奏趕急;現場未必有專業人員把關安全,僅靠經驗判斷安危等,都是造成職安隱患的原因(見p.77)
  • 從業員連續多日超時工作的情況非常嚴重。受訪從業員認為行內有必要對作息時間有合理的規範,不應犧牲從業員健康(見p.74)
  • 從業員認同需要專人負責監察片場安全,但對於如何實行並無共識(見p.81)
  • 從業員普遍認為政府對行業的支援資源不足、不到位,應邁向更開放、不以商業效益為主要考量的方向改善(見p.84)

基於研究結果,我們對香港影視行業及政府提出以下倡議(詳見第8部分):

保障自由工作者基本待遇(見p.87)

  • 業界引入標準合約,推廣開工前先簽訂完整協議的文化
  • 政府透過資助影像製作項目,推廣勞工友善措施
  • 業界規範工時,減低超時、高強度工作的情況

改善工作條件及職業安全(見p.89)

  • 業界和政府合作,設定適用於影視製作的職安課程、認證系統、作業指引
  • 政府改善職安執法
  • 從業員自我組織,維護及推動權益

支援業界發展(見p.92)

  • 政府改善資助制度,支援各規模、多元創作
  • 增加畢業生支援,輔助院校新晉人才與業界接軌


Armed Conflict And Household Water Sources, George Naufal, Michael A. Malcolm, Vidya Diwakar Jan 2024

Armed Conflict And Household Water Sources, George Naufal, Michael A. Malcolm, Vidya Diwakar

Economics & Finance Faculty Publications

Access to safe drinking water is among the most important determinants of public health outcomes. We pair household-level data from Iraq together with data on armed conflict and adopt a generalized difference-in-differences approach to study the relationship between household drinking water sources and armed conflict intensity. We find that households located in conflict-affected areas are more likely to use piped water accessed at their homes or bottled water as their primary source of drinking water, but are less likely to use public water sources or tanked water delivered on trucks and carts. We explore the temporal dynamics of these adjustments …


กระบวนการสะสมทุนโดยการพรากสิทธิในนโยบายเขตพัฒนาพิเศษภาคตะวันออก (Eec), ธิวัชร์ ดำแก้ว Jan 2024

กระบวนการสะสมทุนโดยการพรากสิทธิในนโยบายเขตพัฒนาพิเศษภาคตะวันออก (Eec), ธิวัชร์ ดำแก้ว

Chulalongkorn University Theses and Dissertations (Chula ETD)

วิทยานิพนธ์ฉบับนี้มีวัตถุประสงค์เพื่อศึกษากระบวนการสะสมทุนโดยการพรากสิทธิในพื้นที่เขตพัฒนาพิเศษภาคตะวันออก (EEC) โดยอาศัยกรอบแนวคิด “การสะสมทุนโดยการพรากสิทธิ” (Accumulation by Dispossession) ของ David Harvey เพื่อวิเคราะห์นโยบายของรัฐที่ส่งผลให้เกิดการเปลี่ยนแปลงสิทธิในที่ดิน ทรัพยากรธรรมชาติ สิ่งแวดล้อม และวิถีชีวิตของประชาชนในพื้นที่สามจังหวัด ได้แก่ ฉะเชิงเทรา ชลบุรี และระยอง การวิจัยใช้ระเบียบวิธีเชิงคุณภาพ โดยเก็บข้อมูลจากเอกสารราชการ การสัมภาษณ์ การสังเกตการณ์ และการสนทนากลุ่มย่อยกับประชาชนในพื้นที่ผลการศึกษาพบว่า นโยบาย EEC เป็นนโยบายเศรษฐกิจที่รัฐใช้กลไกพิเศษและกฎหมายเฉพาะกิจในช่วงรัฐบาลที่ไม่เป็นประชาธิปไตย เพื่อเร่งรัดการลงทุนขนาดใหญ่ โดยมีการยกเว้นกฎหมายผังเมืองและกฎหมายสิ่งแวดล้อมเดิม อันนำไปสู่การเปลี่ยนแปลงการใช้ประโยชน์ที่ดินอย่างกว้างขวาง พื้นที่เกษตรกรรมและที่อยู่อาศัยของประชาชนถูกจัดสรรใหม่เพื่อรองรับอุตสาหกรรม ส่งผลให้ประชาชนจำนวนมากต้องสูญเสียสิทธิในที่ดินทำกิน การเข้าถึงทรัพยากรธรรมชาติ และวิถีชีวิตดั้งเดิม นโยบายนี้ยังแสดงให้เห็นถึงความเชื่อมโยงระหว่างอำนาจรัฐกับทุนภาคเอกชน โดยเฉพาะทุนข้ามชาติที่ได้รับประโยชน์จากการจัดการทรัพยากรของรัฐในนามของการพัฒนาเศรษฐกิจ การศึกษาแสดงให้เห็นว่า “การพรากสิทธิ” ไม่ได้เกิดขึ้นเฉพาะในเชิงกายภาพของการเวนคืนหรือยึดครองที่ดินเท่านั้น แต่ยังปรากฏในรูปแบบของการเปลี่ยนกฎหมาย โครงสร้างสถาบัน และการสร้างความยินยอมทางอุดมการณ์ผ่านการโฆษณาว่านโยบายดังกล่าวจะนำประเทศหลุดพ้นจากกับดักรายได้ปานกลาง ทั้งที่ในทางปฏิบัตินำไปสู่ความไม่เท่าเทียมทางเศรษฐกิจ การสูญเสียอัตลักษณ์ชุมชน และความเสื่อมโทรมของสิ่งแวดล้อม ข้อเสนอจากการศึกษาเน้นย้ำถึงความจำเป็นของการทบทวนนโยบายพัฒนาพื้นที่ขนาดใหญ่ภายใต้หลัก สิทธิมนุษยชน การมีส่วนร่วมของประชาชน และการคำนึงถึงความยั่งยืนของทรัพยากรในระยะยาว โดยเสนอให้มีการกำกับตรวจสอบเชิงนโยบายและการปฏิรูปกระบวนการวางแผนการพัฒนา เพื่อป้องกันการใช้กลไกของรัฐเป็นเครื่องมือสนับสนุนการสะสมทุนที่ก่อให้เกิดผลกระทบด้านลบต่อสังคมอย่างถาวร


A Competition Between The Economy And The Environment: An Analysis On The Impacts Of The Olympic Games For Host Countries, Phuong-Anh Ha Jan 2024

A Competition Between The Economy And The Environment: An Analysis On The Impacts Of The Olympic Games For Host Countries, Phuong-Anh Ha

Undergraduate Research Awards

The Olympic Games have been known as the most celebrated international sporting event. However, the event has also faced countless criticisms regarding its environmental impact and the lack of benefits it brings to the host country’s economy. The paper analyzes the trade-offs between the environmental quality of a country and its economic growth that host countries make when deciding to host the Olympics. Specifically, this research seeks to explore how the Olympic Games influence the Gross Domestic Product (GDP) and carbon emissions of the host countries.


Essays On The Market For Higher Education, Samuel Lawrence Rhoads Glick Jan 2024

Essays On The Market For Higher Education, Samuel Lawrence Rhoads Glick

Theses and Dissertations--Economics

This dissertation studies the market for higher education and impacts of higher education policy on the market. In the first chapter, I estimate the short-run elasticity of supply of higher education using the rollout of state merit grant programs as plausibly exogenous variation in student demand for in-state higher education. I find that public and private not-for-profit four-year institutions have elastic supply responses to these programs. Public institutions have an estimated elasticity of 2.1 and private institutions have an estimated elasticity of 1.34. I estimate the causal effects of marginally qualifying for and receiving the federal Pell Grant and the …


Essays On The Economics Of Entrepreneurship, Nicholas Graff Jan 2024

Essays On The Economics Of Entrepreneurship, Nicholas Graff

Theses and Dissertations--Economics

This dissertation consists of three chapters related to the economics of entrepreneurship. The second chapter focuses on the business performance of necessity entrepreneurs, specifically focusing on job creation and earnings. The third chapter investigates the large and persistent earnings differences between self-employed men and women, finding women earn less in self-employment because of different choices of industry, number of hours worked, and differences in business capital. The fourth chapter investigates whether the black-white self-employment gap explains the black-white wealth gap.


Evaluating The Early Impacts Of The Snap Online Purchasing Pilot, Kyle Jones Jan 2024

Evaluating The Early Impacts Of The Snap Online Purchasing Pilot, Kyle Jones

Theses and Dissertations--Economics

This dissertation consists of three chapters that evaluate how a change in the redemption of Supplemental Nutrition Assistance Program benefits impacted grocery purchasing behavior and food consumption to provide some of the first estimates of the impacts from the pilot. The SNAP Online Purchasing Pilot (OPP) allowed recipients to use their benefits online for participating retailers which was initially planned for 8 participating pilot states with a few participating retailers but massively expanded during the COVID-19 pandemic. The first two chapters evaluate how the SNAP OPP impacts grocery purchasing behavior with the first chapter evaluating before the COVID-19 pandemic and …


Essays On Impacts Of Natural Disasters, Fang-Yu Yeh Jan 2024

Essays On Impacts Of Natural Disasters, Fang-Yu Yeh

Theses and Dissertations--Economics

This dissertation consists of three chapters that study how natural disasters affect households and individuals. The first chapter examines how Kentucky’s housing market responds to changes in flood risk information. The second chapter looks at disproportionate drinking water non-compliance post-disaster. The third chapter studies the effect of flooding events and the national school meals program in Kentucky on education outcomes.

The first chapter examines Kentucky’s housing market response to changes in the Federal Emergency Management Agency’s (FEMA) flood maps and how the responses differ depending on whether an area has been flooded recently. I use Zillow’s ZTRAX property transaction data …


Horizontal Skill Mismatch Among College Graduates: Analyzing Job Placement For African American In The U.S, Mimla Wardak Jan 2024

Horizontal Skill Mismatch Among College Graduates: Analyzing Job Placement For African American In The U.S, Mimla Wardak

Theses - Graduate Programs in Economic Theory and Policy

This study investigates the persistence of horizontal skill mismatches among African-American college graduates in the U.S. labor market and explores the influence of community racial composition on job placement and wage levels. Utilizing data from the American Community Survey (2018-2019), the research constructs a Match Quality Index to assess the alignment between individuals' fields of study and their occupations. The analysis reveals that African-Americans are disproportionately affected by horizontal mismatches, which result in underemployment and wage penalties, despite similar educational backgrounds compared to their counterparts. The findings suggest that larger African-American networks within Metropolitan Statistical Areas (MSAs) correlate with slightly …


Examining The Relationship Between Immigration And Labor Market Dynamics In The United States Before And After Policy Changes Of 2017, Noor Jahan Tarshi Jan 2024

Examining The Relationship Between Immigration And Labor Market Dynamics In The United States Before And After Policy Changes Of 2017, Noor Jahan Tarshi

Theses - Graduate Programs in Economic Theory and Policy

This thesis investigates the effects of U.S. immigration policy changes in 2017 on labor market dynamics, examining both the immigrant and native-born populations. The study is motivated by the significant socio-political shifts under the Trump administration, which introduced measures like the Public Charge Rule, adjustments to the H-1B visa process, and threats to the Deferred Action for Childhood Arrivals (DACA). These policy changes provide a unique opportunity to analyze their impact on the U.S. labor market, offering insights critical for policymakers and scholars. The research specifically aims to explore how these immigration policies have influenced employment opportunities, wage levels, and …


The Impact Of Asian And Latin American Immigrants On U.S. Occupational Class Structure, Masooma Hassan Zada Jan 2024

The Impact Of Asian And Latin American Immigrants On U.S. Occupational Class Structure, Masooma Hassan Zada

Theses - Graduate Programs in Economic Theory and Policy

This research examines what factors influence the occupational structure of Asian and Latin American immigrants in the United States, focusing on 2002 and 2022. It seeks to understand how levels of education, citizenship status, and other factors impact where each group ends up in the occupational hierarchy. Using data from monthly IPUMS-CPS, a multinomial logit regression model is applied to analyze the change in the occupational category between these two years. The findings reveal a significant disparity in occupational outcomes between the groups, with educational attainment and citizenship being the two most important factors that explain the gap, though not …


Evaluation Of Industrial Policy In The United States Of America, Hossna Seediqyar Jan 2024

Evaluation Of Industrial Policy In The United States Of America, Hossna Seediqyar

Theses - Graduate Programs in Economic Theory and Policy

This paper examines the evolution and current state of industrial policy in the United States, focusing on strategies aimed at enhancing economic growth, competitiveness, and industrial innovation. Historically, U.S. industrial policy has fluctuated between periods of government intervention and market-led approaches. Recently, there has been a renewed emphasis on industrial policy to address challenges such as globalization, climate change, and technological innovations. The research used data from the National Solar Jobs Census 2019, the Solar Energy Industries Association (SEIA), and the Tax Foundation’s State Corporate Income Tax Rates and Brackets series. The analysis of the paper highlights the role of …


Gender Pay Gap In Kyrgyz Republic, Maryam Yari Jan 2024

Gender Pay Gap In Kyrgyz Republic, Maryam Yari

Theses - Graduate Programs in Economic Theory and Policy

The reasons behind the gender wage disparity in the Kyrgyz Republic are investigated in this paper using information from the 2019 Life in Kyrgyzstan (LiK) survey. Given its transitioning economy and post-Soviet socioeconomic environment, Kyrgyzstan offers a special case within the larger framework of gender wage gaps worldwide. The pay disparity is broken down in this research into explainable variations based on observable characteristics and an unexplained component that might be discriminatory using the Heckman and Oaxaca-Blinder decomposition approach. The results indicate the existence of gender discrimination in wage determination since a large amount of the gender wage gap is …


Are Industry Returns Informative About Other Industries And Fundamentals?, Nikiforos T. Laopodis Jan 2024

Are Industry Returns Informative About Other Industries And Fundamentals?, Nikiforos T. Laopodis

Business Faculty Publications

This paper examines the information content of selected US industries focusing on the dynamic linkages among these industries, the stock market and a number of fundamental variables. The period of investigation spans from January 1960 to December 2021. The empirical strategy includes several methodologies such as regressions, vector autoregressions and volatility models. The idea is to investigate the dynamic linkages among these series at both the mean and the volatility levels. The results point to significant industry returns’ explanatory power for many predictors of economic activity including the stock market. Further, time-varying analysis of the linkages among the industries and …


The Macroprudential Myth, Jeremy C. Kress, Jeffery Yufeng Zhang Jan 2024

The Macroprudential Myth, Jeremy C. Kress, Jeffery Yufeng Zhang

Articles

According to conventional wisdom, the 2008 fnancial crisis fundamen- tally changed how policymakers approach fnancial regulation. Before the crisis, regulators sought to prevent individual fnancial institutions from collapsing, but this “microprudential” strategy proved inadequate to stop the market-wide meltdown. In response, policymakers purportedly turned to a new “macroprudential” approach that prioritizes the stability of the fnancial system as a whole instead of individual institutions in isolation. Regulators in the United States and abroad enthusiastically embraced macroprudential policy, implementing stress tests, capital buffers, liquidity requirements, and other supposed macroprudential tools. As the United States’ top bank regulator declared in 2015, “[W]e …


Effective And Comprehensive Experiments For The Principles Of Microeconomics Classroom Jan 2024

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.


Students’ Perceptions Of Internationalization Of The Curriculum Jan 2024

Students’ Perceptions Of Internationalization Of The Curriculum

Journal of Economics and Finance Education

This paper explores students’ perceptions of internationalizing the Principles of Macroeconomics curriculum. The study presents survey results showing that most students find the inclusion of global perspectives enhances their learning and engagement. International students, in particular, value understanding international contexts for their future careers. Many students also found international examples interesting and helpful in developing global skills. The findings suggest a strong student preference for globally enriched content and highlight the importance of integrating international perspectives into economics education. The study emphasizes the need for institutions to adopt a more intentional approach to internationalizing curricula across disciplines and informs future …


Optimal Test Length: How Many Pages Do I Need To Grade (Or Even Write)? Jan 2024

Optimal Test Length: How Many Pages Do I Need To Grade (Or Even Write)?

Journal of Economics and Finance Education

This paper examines how test length affects average scores and standard deviations in exam grading. After writing (unnecessarily) long exams, we test if decreasing the number of pages changes the average and standard deviation relative to longer exams. When testing exams four to six pages long, we find that exams above four pages do not seem to add any precision to the averages or standard deviations. Additionally, we find that a three-page exam has the same average and standard deviation, but exams with fewer than three pages change the distribution of student grades, making it harder to distinguish student quality.


Simulating Hedge Fund Fee Structures In An Investments Course Jan 2024

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.


Monte Carlo And Bootstrapping Carry Trade Simulations In Excel Jan 2024

Monte Carlo And Bootstrapping Carry Trade Simulations In Excel

Journal of Economics and Finance Education

In a currency carry trade, an investor borrows money in a low interest rate currency and invests in a high interest rate currency. The trade is profitable if the future exchange rate does not adjust to the interest rate differential. After downloading exchange rate data, a Monte Carlo simulation of a carry trade is performed in Excel based on a normal distribution and the data’s mean and standard deviation. A bootstrapping carry trade simulation exercise is also generated by randomly selecting observations from the historical data. In contrast to the Monte Carlo simulation, the bootstrapping exercise preserves the skewness within …


Utilizing Pitchbook In A Live Case Study Jan 2024

Utilizing Pitchbook In A Live Case Study

Journal of Economics and Finance Education

This article discusses how to incorporate PitchBook in a live case study for Venture Capital, Investment Banking, or Mergers and Acquisitions courses. Students conduct a live case study in which they prepare an executive summary, forecasted financial statements, and an investment pitch deck for real companies preparing to raise private capital. PitchBook provides extensive capital market data on private equity, venture capital, and merger and acquisitions data across the globe. Students utilize PitchBook to gather data critical to prepare companies to go on a “Road Show” to raise private capital.


On The External Validation Of An Undergraduate Finance Program’S Assurance Of Learning Jan 2024

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 …


Note-Taking It Back To The Old School: Note-Taking & Student Outcomes Jan 2024

Note-Taking It Back To The Old School: Note-Taking & Student Outcomes

Journal of Economics and Finance Education

Recent research has suggested that students lack effective note-taking skills, but note-taking may improve student learning. In order to promote meaningful learning, a small investment in note-taking instruction may be a valuable use of scarce classroom time. We implement a randomized experiment to assess the effect of note-taking instruction on student note quality in the principles of microeconomics classroom. We compare note quality of students who received note-taking guidance to those who did not. We find that students who received guidance have significantly better quality notes than those who did not.


Does Blended Learning Improve Student Grades? A Quasi-Experimental Study Jan 2024

Does Blended Learning Improve Student Grades? A Quasi-Experimental Study

Journal of Economics and Finance Education

This study evaluates the impact of blended learning on student performance using a differences-in-differences method. In a controlled experiment with two classes, each having two sections, all sections initially used face-to-face teaching. After midterm 1, one section from each class transitioned to blended learning. The differences-in differences method analyzed students' performance on both midterms, with midterm 2 covering material taught through blended learning in the treatment group. Results indicate a non-significant increase in midterm 2 grades for the treatment group.


A Shadow Federal Open Market Committee Exercise: A Semester-Long Approach To Teaching Monetary Macroeconomics In Real Time Jan 2024

A Shadow Federal Open Market Committee Exercise: A Semester-Long Approach To Teaching Monetary Macroeconomics In Real Time

Journal of Economics and Finance Education

This paper describes a real-time, semester-long approach to helping upper-level undergraduates understand real-time decision-making by the Federal Open Market Committee. The exercise, which culminates in an end-of-semester “shadow” FOMC meeting that corresponds in time to an actual FOMC meeting (in May or December), is intended to illustrate (1) how the open-market committee incorporates real-time data as they unfold between meetings (2) how the real-life conduct and voting membership of the FOMC may differ from what is described in a typical textbook, and (3) that voting FOMC members are real people with different perspectives and backgrounds that inform their decisions.


Enhancing Student Engagement: The Synergy Of Peer Assessment And Flipped Classroom Design Jan 2024

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.