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

Economics Commons™

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

2026

Discipline
Institution
Keyword
Publication
Publication Type
File Type

Articles 901 - 930 of 1333

Full-Text Articles in Economics

Using The Automobile Lease To Illustrate Topics In Corporate Finance Jan 2026

Using The Automobile Lease To Illustrate Topics In Corporate Finance

Journal of Economics and Finance Education

Despite the growing popularity of consumer automobile leases, they remain poorly understood by many consumers. This teaching note describes a possible spreadsheet assignment based on an ordinary automobile lease advertisement. With careful analysis of the proposed lease, several important fmancial concepts are revealed, including: internal rate of return, net advantage to leasing, opportunity cost, sunk costs, liquidity, equivalent annual cost, crossover rate, and real option value. By using the familiar and relatable auto lease example, student engagement with the material is improved. The examples and associated problems given are suitable for intermediate-level students of managerial finance, personal finance, or capital …

Go to article

Bond Duration: Constructivist Learning Using Excel Jan 2026

Bond Duration: Constructivist Learning Using Excel

Journal of Economics and Finance Education

Duration is significant in that it summarizes a bond or a portfolio's sensitivity to interest rates. Based on the constructivist learning approach, we propose an Excelbased assignment that encourages student interaction and active learning which leads to individual discovery regarding the properties of bonds and their effects on duration. Students receive immediate feedback by constructing dynamic Excel tables and figures to calculate duration for bonds with various maturity terms, coupon rates, yields to maturity, and frequencies of coupon payments. The constructivist approach to teaching bond duration is valuable because it requires students to actively acquire and construct knowledge.

Go to article

A Classroom Property Title Experiment Jan 2026

A Classroom Property Title Experiment

Journal of Economics and Finance Education

Economists such as de Soto (2000) posit that property titles are among the institutions that enhance human well-being. This paper presents a classroom property title exercise in which students may uncover for themselves the potential benefits of property titling on residential investment incentives. Players are faced with a series of rounds in which they must choose to build a low quality or high quality dwelling. Players are initially titleless squatters, but some property titles are randomly distributed between rounds. In each round, players receive a payoff from their housing investment but untitled properties also run the risk of confiscation.

Go to article

A Faculty-Driven Approach To Starting And Operating A Student Managed Investment Fund Jan 2026

A Faculty-Driven Approach To Starting And Operating A Student Managed Investment Fund

Journal of Economics and Finance Education

Student managed investment funds have proven to be very strong learning experiences that bridge the gap between class-room finance knowledge and hands-on application of financial theories and tools. Though more widely utilized now than in the past, there are still many schools that do not offer such a program for students. This paper describes the approach utilized at one school to start, evolve, and operate a student managed investment fund. The experience gained from over twenty years of developing a program and experimenting with various approaches can be useful to faculty members and schools looking to implement such a program.

Go to article

French Fried Potatoes As Lecturecraft: A Lesson On Product Homogeneity In Competition From Five Guys® Jan 2026

French Fried Potatoes As Lecturecraft: A Lesson On Product Homogeneity In Competition From Five Guys®

Journal of Economics and Finance Education

This study provides an interesting vignette for using the Five Guys® French fry for discussing an aspect of market structure - that of product homogeneity - in the economics principles classroom. In our view, this vignette is not only both clear and concise, it also allows for the use of humor in what is perhaps an otherwise dry lecture/discussion.

Go to article

Bootstrap Simulation With Spreadsheet Application Jan 2026

Bootstrap Simulation With Spreadsheet Application

Journal of Economics and Finance Education

This study provides an easy and effective way to simulate distributions of future stock price and return. Using a bootstrapping approach for simulation, we generate one thousand different scenarios for Google's price after one year and the corresponding percentage return. The simulated return distribution provides a comprehensive risk-return profile that includes probabilities associated with achieving a specific return in these uncertain times. We explain and create an excel template showing the bootstrapping simulation that can be readily used in finance classrooms. Using the same methodology, students can conduct their own simulations of different assets and compare their risk-return tradeoffs.

Go to article

Choosing Political Rules Under Rule Utilitarianism: Constitutional Political Economy And The Moral Foundations Of Capitalism Jan 2026

Choosing Political Rules Under Rule Utilitarianism: Constitutional Political Economy And The Moral Foundations Of Capitalism

Journal of Economics and Finance Education

Economics is positive analysis. Undergraduates, however, are ultimately interested in economics because it informs normative worldviews. Many undergraduates begin, at least implicitly, with consequentialism (and, more specifically, utilitarianism) as an ethical framework. Principles-level analysis informs what Yeager (2001) refers to as act utilitarianism, but exploring broad political ethical questions with act utilitarianism is problematic. I argue that the alternative rule utilitarianism is preferable and can be informed by a constitutional political economy analysis. I give examples based on Buchanan and Tullock's (1962) framework for considering government decision-making rules.

Go to article

Teaching Students To "Do" Public Choice In An Undergraduate Public Sector Course Jan 2026

Teaching Students To "Do" Public Choice In An Undergraduate Public Sector Course

Journal of Economics and Finance Education

This paper discusses one approach to using writing assignments in an undergraduate public economics course to get students actively involved in doing public choice. Our goal is to provide an overview of the course and its writing assignments with an emphasis on how the scaffolding of assignments helps contribute to the development of interesting and publishable ideas in public choice. A course in public economics provides a good opportunity for an instructor to develop student interest in applied public choice.

Go to article

Teaching Mathematical Economics Using Public Choice: The Median Voter Model Jan 2026

Teaching Mathematical Economics Using Public Choice: The Median Voter Model

Journal of Economics and Finance Education

The median voter model (MVM) is a core model in public choice comparable to the demand and supply competitive market model in microeconomics. In this paper I introduce and discuss the mathematical treatment of a simple version of the model. This allows instructors to apply a wide range of concepts commonly introduced in a first undergraduate class in mathematical economics. The approach will help students to understand the interplay of concepts separately introduced during the first phase of the course. Hopefully the method will foster an interest in public choice through the study of one of its most important benchmark …

Go to article

Political Failure In The Short- And Long-Run Jan 2026

Political Failure In The Short- And Long-Run

Journal of Economics and Finance Education

This paper reviews the use of public choice throughout my principles of macroeconomic course. I highlight the numerous avenues that public choice can be used to explain macroeconomic policies and their consequences. These include fiscal, monetary, and trade policy and economic growth and development. By emphasizing the self-interested behavior of public officials, public choice can illuminate both shortand long-run macroeconomic outcomes.

Go to article

Can Public Choice Theory Help Make Classroom Macroeconomics More Useful? Jan 2026

Can Public Choice Theory Help Make Classroom Macroeconomics More Useful?

Journal of Economics and Finance Education

Classes in macroeconomics typically present versions of the dynamic aggregate demand/ aggregate supply framework to analyze short term fluctuations and optimal monetary policy responses to economic conditions. In these models an output market equilibrium condition is usually combined with a short run Phillips Curve and a monetary policy reaction function. Output, inflation and real and nominal interest rates are shown to respond to (exogenous) supply and demand shocks and interact with one another over time. These models fail to incorporate the fact that policymakers must be modeled as responding to their incentives given their constraints. Policy isn't usefully modeled as …

Go to article

Teaching Public Choice Economics In A Public Finance Course Jan 2026

Teaching Public Choice Economics In A Public Finance Course

Journal of Economics and Finance Education

Public choice economics is often considered a sub or a separate field from public finance. Traditional public finance courses focus on public goods, externalities, and the solutions to these issues with an emphasis on expenditure and tax policy, addressing different types of taxation at different levels of government. This paper provides a means of integrating public choice theory into a public finance course to highlight the differences in these fields, but also the complementarity. While traditional textbooks touch on political decision-making and themes of public choice, I will explain how an instructor could incorporate these themes throughout the course.

Go to article

Teaching Public Choice At The Master's Level Jan 2026

Teaching Public Choice At The Master's Level

Journal of Economics and Finance Education

This article summarizes the pedagogical approaches I have taken in teaching public choice in a course that enrolls advanced business school undergraduates (majors in economics, mainly) as well as master's students in economics and political science. It starts with a brief overview of the field and then describes the course's content. I reproduce a recent syllabus and two representative homework assignments. Some learning "modules" are suggested and ways of evaluating students' mastery of public choice principles are discussed.

Go to article

Using Film Clips To Teach Public Choice Economics: Take Two Jan 2026

Using Film Clips To Teach Public Choice Economics: Take Two

Journal of Economics and Finance Education

Recent years have seen a trend away from "chalk and talk" toward alternative pedagogical approaches to teaching economics. Media clips, in particular, have been touted as a way to provide students with memorable and exciting exposure to economic concepts. Media clips are especially well-suited for teaching public choice economics because of the plethora of films and television shows depicting government activity. This paper documents how clips from popular movies and series such as "Cloudy with a Chance of Meatballs" and "House of Cards" can be used to teach public choice economics.

Go to article

Ways Of Teaching Public Choice: Introduction To The Symposium Jan 2026

Ways Of Teaching Public Choice: Introduction To The Symposium

Journal of Economics and Finance Education

This symposium intends to shed light on distinctively public choice approaches to economic education. This introductory essay provides an overview of this symposium and its contributors. We first provide our rationale and motivation for assembling the special issue. We then describe the papers and their interactions.

Go to article

The Joy Above All Joys: Roland D. Sawyer’S Socialism For The Working Class, Maggie R. Buglino Jan 2026

The Joy Above All Joys: Roland D. Sawyer’S Socialism For The Working Class, Maggie R. Buglino

Roland D. Sawyer Scholarship Papers

Following the Industrial Revolution, Americans were required to adapt to the nation's new capitalistic society. Witnessing the subsequent struggle of working-class families, 20th century Christian socialist Roland D. Sawyer was resolved to advocate for a reformed economic structure. This paper is dependent entirely on primary sources in the Roland D. Sawyer Collection, available in the University of New Hampshire's Milne Special Collections. Studying Sawyer's autobiography and various socialist writings illustrates his idea of a good life for the American working-class and how they were to achieve it through the adoption of a socialist doctrine. Throughout his activism, he encouraged Americans …

Go to article

Structural Empowerment And The Work Environment Of Nursing Home Care Workers In China, Yawen Ou Jan 2026

Structural Empowerment And The Work Environment Of Nursing Home Care Workers In China, Yawen Ou

Lingnan Theses (MPhil & PhD)

China is experiencing a profound demographic transformation as its population ages rapidly, driven by declining fertility, increased longevity, and long-term effects of the One- Child policy. Traditional family-based elderly care has become increasingly unsustainable due to the pressures of the “4-2-1” family structure and the rising prevalence of empty-nest households. In this context, there is an increasing trend in institutionalized elderly care, accompanied by a growing demand for Nursing Home Care Workers (NHCWs). In spite of their vital importance, NHCWs often face heavy workloads, poor compensation, low recognition, and limited professional autonomy. This study explores the work environment and structural …

Go to article

Yield-To-Maturity And The Reinvestment Of Coupon Payments: Reply Jan 2026

Yield-To-Maturity And The Reinvestment Of Coupon Payments: Reply

Journal of Economics and Finance Education

Our original note addressed a common misconception that to earn the yield-to-maturity (YTM) on a coupon bond an investor must reinvest the coupon payments. Shirvani and Wilbratte (2009) take issue with our presentation and results. We will demonstrate that their arguments entirety rest on the proposition that the YTM must equal the realized compounded yield (RCY). This is a construct that explicitly assumes coupon reinvestment. We made no claim in our original presentation with regard to their proposition, because it is not required to calculate the YTM. Furthermore, we will discuss their claims with regard to the “economic significance” of …

Go to article

Yield To Maturity Is Always Received As Promised: A Reply Jan 2026

Yield To Maturity Is Always Received As Promised: A Reply

Journal of Economics and Finance Education

This note attempts to further spell out why it is a myth that YTM is viewed as only a promised but not really earned interest rate. It addresses some misconceptions in Shirnani and Wilbratte (2009, this issue) on what, between YTM and RCY, is a true rate of return of a coupon bond, why YTM is NOT just a “fictitious mathematical construct”, and why YTM has nothing to do with yield curve.

Go to article

The Relationship Between The Promised And Realized Yields To Maturity Revisited Jan 2026

The Relationship Between The Promised And Realized Yields To Maturity Revisited

Journal of Economics and Finance Education

This paper reaffirms the long-held view that the promised yield to maturity of a coupon bond can be realized only under certain restrictive conditions. Specifically, the realized yield equals the promised yield only if the spot rate and yield curves are flat and remain unchanged throughout the term of the bond, a condition which rarely if ever holds. In addition, we explain that, regardless of the reinvestment rates, the promised yield on a coupon bond will be realized, provided that the bond is held not to its maturity but to its duration.

Go to article

Parsimonious Expected Utility And In-The-Large Risk Premiums For The Undergraduate Curriculum Jan 2026

Parsimonious Expected Utility And In-The-Large Risk Premiums For The Undergraduate Curriculum

Journal of Economics and Finance Education

Expected utility theory, Pratt and Arrow’s risk premium, and the Markowitz risk premium are based upon Von Neumann and Morgenstern’s five axioms of cardinal utility. The derivation of these measures from these axioms is generally considered too mathematically sophisticated for the undergraduate curriculum. This leaves a wide gap in the foundation of financial theory for the undergraduate. An alternative simplified presentation of expected utility that is suitable for the undergraduate curriculum, and that avoids the nuances and complexities of the traditional mathematically more complete derivation, is presented here. In addition, an easily derived in-the-large risk premium is shown to be …

Go to article

Time Spent Online And Student Performance In Online Business Courses: A Multinomial Logit Analysis Jan 2026

Time Spent Online And Student Performance In Online Business Courses: A Multinomial Logit Analysis

Journal of Economics and Finance Education

This study examines the determinants of academic achievement in online business courses. As a measure of effort, we use the total amount of time each student spent in the course. We estimate a multinomial logistic model to examine the odds of attaining one grade versus another depending on time spent online, GPA, and some demographic characteristics of students. Our findings suggest that extra effort can help a student move from letter grades F, D and C to grade B, but is less helpful for the move from B to A. For the latter improvement, a high GPA matters the most.

Go to article

Attraction And Retention Of Faculty In A Non-Tenure Granting Environment Jan 2026

Attraction And Retention Of Faculty In A Non-Tenure Granting Environment

Journal of Economics and Finance Education

This paper examines the task of attracting and retaining faculty in a non-tenure granting environment. Our goal is to provide a framework for the future discussion of this issue and to develop a set of utility functions for the primary parties involved, namely, institutions of higher education and individual faculty members. Various strategies for attracting and retaining faculty members in a non-tenure-granting environment are evaluated in terms of their long-run implications.

Go to article

Technology, Leadership, And Sustainability In The Post-Crisis Economy: Evidence From Lebanese Organizations, Dania Abbass, Habib Badawi Jan 2026

Technology, Leadership, And Sustainability In The Post-Crisis Economy: Evidence From Lebanese Organizations, Dania Abbass, Habib Badawi

Arab Economic and Business Journal

This study examines how artificial intelligence integration, transformational leadership, and sustainability practices collectively influence organizational resilience and performance in crisis-affected Arab economies, with a focus on Lebanese organizations navigating compound disruptions. Using a convergent mixed-methods design, quantitative data were collected from 487 managers and employees across Lebanese organizations and comparative international samples in the education, finance, NGO, and tourism sectors, complemented by 32 semi-structured interviews. Results demonstrate that AI integration, transformational leadership, and sustainability practices significantly enhance organizational resilience and performance, with emotional intelligence and affective commitment serving as critical mediators. Organizations combining high implementation across all three dimensions achieved …

Go to article

Green Runs: Colorado Cannabis Sales During Ski Season, Joshua H. Hess, Isabellle Bassock Jan 2026

Green Runs: Colorado Cannabis Sales During Ski Season, Joshua H. Hess, Isabellle Bassock

Faculty Publications

This study examines the impact of ski tourism on Colorado’s retail marijuana (RMJ) sales, leveraging county-level sales data and ski resort characteristics. Using a two-way fixed effects model, we analyze seasonal variations in RMJ sales across counties with differing ski resort acreages. Our findings indicate that ski resort counties experience significant increases in RMJ sales during peak ski months (December–March), with the most prominent effects observed in counties with the largest ski resorts. The largest ski resort county– Summit County– sees an estimated seasonal increase of $4.35 million in RMJ sales. We estimate the isolated extra-state ski tourism effects and …

Go to article

Strategic Decision-Making For Greenomina Decarbonization Efforts At Pt Pertamina (Persero), Fransisca Fitriastuti, Yos Sunitiyoso Jan 2026

Strategic Decision-Making For Greenomina Decarbonization Efforts At Pt Pertamina (Persero), Fransisca Fitriastuti, Yos Sunitiyoso

BISNIS & BIROKRASI: Jurnal Ilmu Administrasi dan Organisasi

This study explores the strategic decision-making process in implementing Greenomina, a digital transformation platform developed by PT Pertamina (Persero), a reputable state-owned energy company in Indonesia, to support decarbonization initiatives through carbon emission tracking and management. The analysis draws upon two frameworks: the Business Model Canvas (BMC) and the Digital Transformation Canvas (DTC). Greenomina primarily targets Scope 3 emissions, or indirect emissions from business travel and activities, by enabling employees to measure, document, and offset their carbon footprints. This study employed a qualitative approach, combining in-depth interviews and document analysis. The findings highlight key components of a successful digital business …

Go to article

Decentralization And Trust: Institutional Design For Effective Governance, Michael A. Nelson Jan 2026

Decentralization And Trust: Institutional Design For Effective Governance, Michael A. Nelson

University Research

This study examines the relationship between decentralization and public trust in the civil service using a multidimensional framework that extends beyond conventional fiscal measures. Drawing on indicators of regional and local government autonomy across 47 countries from 1995 to 2018, the analysis yields four findings. Trust is higher when local governments, rather than regional authorities, lead service delivery; greater subnational financial self-reliance is positively associated with trust; oversight by higher tiers enhances accountability and citizen perceptions; and shared-rule arrangements that involve regional governments in national decision-making further bolster trust. Overall, the findings highlight the limits of fiscal decentralization alone and …

Go to article

Business Communication Barriers In An Export-Oriented Company: A Case Study Of Pt. Xyz, Sartika Ekadyasa, Arius Krypton Jan 2026

Business Communication Barriers In An Export-Oriented Company: A Case Study Of Pt. Xyz, Sartika Ekadyasa, Arius Krypton

Jurnal Administrasi Bisnis Terapan

This study examines business communication barriers faced by PT. XYZ, an export-oriented company engaged in international business cooperation. Using a qualitative case study approach, data were collected through observation, in-depth interviews, documentation, and literature review. The findings indicate that business communication is influenced by multiple interrelated barriers, including socio-anthro-psychological, technical, and ecological factors, which affect communication effectiveness during coordination, negotiation, and relationship management with foreign business partners. These barriers shape the quality of mutual understanding, trust, and operational efficiency in cross-border interactions. The study highlights the importance of integrated communication strategies that address social, cultural, psychological, technical, and environmental dimensions …

Go to article

Why Mills And Not Gouldner, Charles Lemert Jan 2026

Why Mills And Not Gouldner, Charles Lemert

Fast Capitalism

No abstract provided.

Go to article

The Trek With Telos: A Rememberance Ofpaul Piccone (January 19, 1940—July 12,2004), Timothy W. Luke Jan 2026

The Trek With Telos: A Rememberance Ofpaul Piccone (January 19, 1940—July 12,2004), Timothy W. Luke

Fast Capitalism

No abstract provided.

Go to article

First Prev Next Last