...| 361214.4 | 352872 | | SUMMARY OUTPUT | | | | | | | | 367,286 | 3 | 102 | 602,450 | 269,563 | 72172.8 | 457732 | | | | | | | | | | | 429,432 | 4 | 107 | 553,151 | 266,349 | 645312 | 254396 | | Regression Statistics | | | | | | | | 347,874 | 5 | 119 | 646,752 | 169,020 | 574752 | 259952 | | Multiple R | 0.963494738 | | | | | | | | 435,529 | 6 | 104 | 880,507 | 408,304 | 650832 | 267368 | | R Square | 0.92832 | | | | | | | | 299,403 | 7 | 107 | 118,265 | 379,090 | 910252.8 | 158504 | | Adjusted R Square | 0.91783 | | | | | | | | 296,505 | 8 | 81 | 225,294 | 243,981 | 44678.4 | 430012 | | Standard Error | 34733.11735 | | | | | | | | 426,701 | 9 | 113 | 52,667 | 968,780 | 197275.2 | 388516 | | Observations | 48 | | | | | | | | 329,722 | 10 | 97 | 16,187 | 940,079 | 45076.8 | 225616 | | | | | | | | | | | 281,783 | 11 | 95 | 10,334 | 372,523 | 4521.6 | 1042304 | | ANOVA | | | | | | | | | 166,391 | 12 | 65 | 3,565 | 132,332 | 8726.4 | 974092 | | | df | SS | MS | F | Significance F | | | | 629,404 | 13 | 113 | 2,370,999 | 18,902 | 3225.6 | 301892 | | Regression | 6 | 6.40597E+11 | 1.06766E+11 | 88.50057549 | 7.20284E-22 | | | | 263,467 | 14 | 98 | 360,028 | 287,484 | 2633779.2 | 76148 | | Residual | 41 | 49461967067 | 1206389441 | | | | | | 398,320 | 15 | 102 | 156,431 | 649,021 | 253531.2 | 0 | | Total | 47 | 6.90059E+11 | | | ...
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...College of Economics and Management 85 COLLEGE OF ECONOMICS AND MANAGEMENT Libornio S. Cabanilla, Dean Jose V. Camacho, Jr., Associate Dean Agnes T. Banzon, College Secretary Reynaldo L. Tan, Chair, Dept. of Agribusiness Management Cesar B. Quicoy, Chair, Dept. of Agricultural Economics Amelia L. Bello, Chair, Dept. of Economics The College of Economics and Management (CEM) was formally created in the 996th UP-BOR meeting, February 1987. However, the College traces its roots to the Institute of Agricultural Development and Administration (IADA)which was established in 1975, with three departments – Agricultural Economics (DAE), Economics (DE), and Management (DM), and was elevated to the College of Economics and Management from the merger of IADA with the Agricultural Credit and Cooperative Studies and the Agrarian Reform Institute in 1978. At present, CEM is composed of three departments – the Department of Agricultural Economics, the Department of Economics and the Department of Agribusiness Management. The college sees itself as a center of excellence in undergraduate and graduate instruction, research and extension in economics, agricultural and applied economics, and agribusiness management in Asia. It envisions to be an institution of higher learning that can serve as an active catalyst for economic and social transformation. Its two-fold mission is to produce graduates and future leaders with strong training in economics, agricultural and applied economics, and in agribusiness...
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...Global Business and Economics Research Journal ISSN: 2302-4593 Vol. 2 (5): 102 - 115 The impact of petroleum on economic growth in Nigeria Michael Baghebo Niger Delta University, Bayelsa State, Nigeria baghebomichael@yahoo.com Timothy Okule Atima Niger Delta University, Bayelsa State, Nigeria Abstract The study examines the impact of petroleum on economic growth of the Nigerian economy. Data covering the period 1980-2011 was collected from the Central Bank of Nigeria Statistical Bulletin, and transparency international Agency annual publications and analyzed using econometric approach. The stationary status of the time series data was examined using Augmented Dickey Fuller test. The regressand is Real Gross Domestic Product (RGDP), The regressors are Foreign direct investment (FDI), Oil revenue (OIL), Corruption index (CI), External debt (EXDEBT). The series attained stationary after differencing. The Johansen cointegration test was conducted to ascertain the long run equilibrium condition of the variables in the model. The variables were cointegrated because four cointegrating equations were found. The Parsimonous model was established to account for the short run dynamic adjustments required for stable long run equilibrium. It was discovered that the variables: oil revenue and corruption index impacts negatively on Real GDP, while FDI and EXDEBT have positive impact on the growth of the economy. This means that the resource curse theory is proven to be true in Nigeria. The...
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...decision to consume one product usually comes with the tradeoff of giving up the consumption of something else. The difference between rational and irrational economists is based on the forces that drive their decisions in the market. For irrational economists, they are driven by their emotions when they want to purchase something and the rational economists are driven by critical decision making when they want to purchase something. This is reflected in the person who bid $28 for $20. This person made such a bid because he wanted to win in the group and come out as the highest bidder. People selected $100 today and not $102 tomorrow because they wanted a quick reward and they would rather get the $100 today than wait till the next day to get $102 ("NOVA Mind Over Money"). Adam Smith is the father of economics and the writer of the book "Wealth of Nations". Groups of people with high security numbers bid highest for the bottle of wine because they were influenced by these high numbers. People who had watched a sad movie bid higher because of the emotional influence of the movie and this suggests that human behaviour influences our actions. A spectacular bubble is a phenomenon that explains the rise in house prices when prices of a financial asset suddenly takes off and keeps rising. Tulip bubbles are bubbles that came up as a result of rises in the prices of this was irrational because after the prices rose, they started ...
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...00 12.00 GPA 3.000 2.800 U N O F F I C I A L Test Scores: -------------------------------------------------------Transfer Credit Applied to 2011 Fall Semester Xi'an University of Finance & Econom 08/2009 - 05/2010 XICN001 FUNDAMENTALS OF COLLEGE C 3.00 NEEDEVAL XICN002 ADVANCED MATHS 1 (ECONOMI 3.00 MA 1--XICN003 INTRODUCTION TO LAW OF EC 3.00 ECO 4--XICN004 MORAL CULTIVATION AND BAS 3.00 GEED2--XICN005 PE (1) 1.00 KHP 1--XICN006 MICRO-ECONOMICS 3.00 ECO 201 XICN007 COLLEGE CHINESE 2.00 GEED1--XICN008 ADVANCED MATHS 2 (ECONOMI 3.00 MA 123 XICN009 MANAGEMENT 3.00 MGT 301 XICN010 MACRO-ECONOMICS 2.00 ECO 202 XICN011 PRINCIPLE OF MARXISM 3.00 GEED2--XICN012 DATABASE APPLICATION 2.00 NEEDEVAL XICN013 PE (2) 1.00 KHP 1--XICN014 OUTLINE OF CHINESE MODERN 2.00 GEED2--Total 34.00 2011 Fall Semester Program: College of Business and Economics Bachelor of Science in Accounting Major: Pre-Accounting CRS NUM COURSE TITLE GRADE STA 210 INTRO TO STATISTICAL A REASONING CIS 110 COMP AND COM I B GLY 110 ENDANGERED PLANET INTR TO C ENVRNMNTL GEOL BIO 102 HUMAN ECOLOGY B ACC 201 FINANCIAL...
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...KNOW ABOUT ECONOMICS ______________________ A Research Proposal Presented to the Department of Business Economics College of Business Administration and Accountancy MSU-Iligan Institute of Technology ______________________ In Partial Fulfilment of the requirements for the Course Economics 102 Econometrics _____________________ Jaycris C. Arquion August 2013 Ignorance in Economics Subject is not offered in the course taken courses that offers economics subject lack of interest promotional activity of the subject CHAPTER 1 Introduction CHAPTER 2 Review of Related Literature This study discusses the factors why people do not know economics. The researcher gathered the related literatures that are considerably helpful in conducting this study. This chapter encompasses the following categories which are mainly the economics and its meaning, the benefits of knowing economics and reasons why people are oblivious about economics. Economics and its Meaning People of today’s generation are only aware of economics as an activity in which only supply and demand of a certain product is concerned. According to Robbins (2013), Economics is the study of given ends and scarce means. It is the science which studies the human behavior as a relationship between given ends and scarce means which have alternative uses. In connection to this, Economics is all about making choices. Meanwhile, Caplan and Henderson (2013) stated that Economics is not just...
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...Crisis on the United States When we think of our economy we tend to forget how other countries can affect us. The current European crisis affects the United States (U.S.) economy in many ways. Some of those global economic effects are with our interest rates, government bonds, foreign trades, stock markets, and exchange rates. We see those affects in our financial sector within the very basis of our capitalist markets based on supply and demand. The big banks in the U.S. are tied together with the European banks that have become overextended. A second factor is the possible threat is has on our exports. The U.S. exports over 20% of all its exports to the E.U. which makes it our biggest trading partner. These exports also account for over seven million jobs (Richard Wolf). Supply chain is also affected globally by…… With the uncertainty of the European economies in such countries as France, Spain, and Greece, the U.S. has already felt the decline of demand for exports. The U.S. exports $240 billion annually to the European Union (E.U.) but if the crisis in the E.U. continues then …. U. S. companies are heavily invested in Europe. Manufacturing companies such as General Motors (GM) have already seen huge losses from $361 million compared to a profit of $102 million for the same time frame the previous year. Other major U.S. companies such as Whirlpool and Ford also resulted in losses from their previous year (Ariana Eunjung Cha). If the euro were to fail there are...
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...Matthew Giebel ECO-102-AC01 M,W,F 11-11:50 a.m. The documentary “Cappuccino Trail – Tales from Global Economy in a Cup” is an example of supply and demand. The demand for coffee today is huge. So huge that it is second only to oil as the most globally traded commodity on the market. A chain like Starbucks sells to about 14 million customers a day for cups that are 99% water making for a 2000% mark-up. This being said the locations with the perfect climate and elevation are limited. The “coffee belt” as it is called is 15-16,000 feet above sea level with plenty of sun and rain providing for over 200 brands. The people who live in these conditions have embraced the opportunity to farm the land as much as possible to make a descent living in a place that would otherwise have little option. When the supply of coffee is abundant all is well. However if too much coffee is available the shelf price stays the same but the farmers have to sell for much less. When this happened in Brazil they opted to fix the saturation of supply by burning a bunch of beans. On the other hand when there is a cut in supply from a natural disaster, like the one that happened in Peru from the effects of El Nino that wiped out a train that carried the supply the market price shot up. Sometimes the market will go up just because a renowned analyst scouting the commodities market gives a positive projection, as was the case in 1997 the cost went from $1.20 to $3.18. This makes the producers very happy but...
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...considered to include the development goals and all systems and legal measures used to achieve development. Further to this the concept that social cost is‘too high’ is considered to mean that too much damage is caused to society before it is possible to achieve the development goals. In view of the above this essay will argue that the social cost of development is too high. This will be demonstrated by analysing of the impact of the social cost of development on the environmental pollution and health. Developing countries will cost the environment to develop the economy. A major reason for this is that it is commonly that in older to solve the poverty, developing countries will cost the environment to develop the economy. Firstly, during economic growth, environmental degradation will increase. According to the result of research by Dinda, “When a country achieves a sufficiently high standard of living, people attach increasing value to environmental amenities”. It shows that as people are rich enough to consider their environmental conditions and they have more clout to impact governments to take measures to change the environmental conditions. (2004 cited in Koumparoulis 2011, p. 151) Otherwise, if people are not enough rich, they will have no time to think about their environmental conditions. Further evidence shows that as a country...
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...SYMBIOSIS SCHOOL OF ECONOMICS CONSTITUENT OF SYMBIOSIS INTERNATIONAL UNIVERSITY (Established under Section 3 of the UGC act 1956, by notification No F9-12/2001-U.3 of Government of India) 3rd Floor, SCHC Building, Senapati Bapat Road, Pune – 411004. Tel: 020-25672520, 25675406, 25652444 Ext. 249 Accredited by NAAC with ‘A’ grade SYMBIOSIS SCHOOL OF ECONOMICS CONSTITUENT OF SYMBIOSIS INTERNATIONAL UNIVERSITY (Established under Section 3 of the UGC act 1956, by notification No F9-12/2001-U.3 of Government of India) 3rd Floor, SCHC Building, Senapati Bapat Road, Pune – 411004. Tel: 020-25672520, 25675406, 25652444 Ext. 249 Accredited by NAAC with ‘A’ grade NOTICE Internal Backlog Examination for BSc (Economics) Batch 2011-14 (Sem I-VI) is scheduled as follows: Assignment Collection date | Course Title &Course Code Batch 2011-14 | | Assignment Submission | 2011-14 | | 10-Sep-1411:00 a.m. to 12:30 p.m. | 11-Sep-1411:00 a.m. to 12:30 p.m. | Macro-Economic Theory I (102)Mathematics I (105)Micro...
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...Credit and Economic Recovery: Demystifying Phoenix Miracles∗ Michael Biggs Thomas Mayer March 15, 2010 Andreas Pick Abstract This paper offers a solution to the puzzle that economic activity recovers after a financial crisis without a rebound in credit. These credit-less recoveries, known as “Phoenix Miracles”, question the importance of credit. We argue that these recoveries appear credit-less because GDP is compared to the stock of credit. We show in a theoretical model that recoveries in GDP coincide with recoveries in the flow of credit and this can occur even as the stock of credit declines. Data from emerging and developed economies confirm this finding. JEL Classification Numbers: F30, G01 Keywords: Credit, economic recovery, financial crises ∗ We would like to thank Markus Brunnermeier, Menzie Chinn, Michael Dooley, Gabriele Galati, Daniel Gros, Dwight Jaffee, Rudy Loo-Kung, Pierre Lafourcade, Agnieszka Markiewicz, Christopher Morris, Holger Strulik, Peter Tinsley, Harald Uhlig, Joris de Wind, and seminar participants at DNB and UC Davis for helpful comments. We are grateful to Guillermo Calvo for sharing his data with us. The views expressed are the authors’ and do not necessarily reflect those of Deutsche Bank. 1 Electronic copy available at: http://ssrn.com/abstract=1595980 1 Introduction It has become almost a stylized fact that after financial crises, economic activity recovers without a rebound in credit (see for example International Monetary...
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...The relationship between law and economics is thoroughly argued and favored in Ian Ward’s ‘Law and the Political Economy’ essay. It is an argumentative issue as it discusses issues like, property, nature of society and human freedom. These issues are considered by John Locke and Karl Marx, in the attempt to establish the role of citizens in a society and political economy. The perspectives of both philosophers are congruent in various matters that relate to human freedom, however, they differ in their definition of keywords (such as private property). To understand the similarity and differences between both philosophers, first it is crucial to discuss the individual standpoints of each. Locke rightfully defends the relationship between property...
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...| 36 | 26 | 10 | 18 | 16 | 13 | 3 | 55 | 45 | 10 | 18.30 | 19 | 15 | 4 | 82 | 72 | 10 | 20.50 | 27 | 18 | 5 | 112 | 102 | 10 | 22.40 | 30 | 20.40 | 6 | 144 | 134 | 10 | 24 | 32 | 22.30 | c) Firm A The quantity produced would be 6 by this firm. They will make an economic profit of $50. Figure 1.1 Figure 1.2 As shown in Figure 1.1, at a quantity of both 5 and 6; total revenue surpasses total cost by the greatest amount, which is $50. This permits for the greatest economic profit obtainable. However, as shown in Figure 1.2, at a quantity of 5, marginal cost is below marginal revenue by $4, which means the quantity sold needs to be increased. At a quantity of 6, marginal cost is equal to the marginal revenue, which means the firm is now able to maximise it’s profits. Therefore, the most efficient quantity to produce at would be 6. An economic profit of $50 will be made at a quantity of 6. * TR (P x Q): $28 x 6 = $168 * TC (AC x Q): $19.70 x 6 = $118 * Economic profit/loss: TR (168) – TC (118) * = Economic profit: $50 Firm B The quantity produced would be 4 by this firm, and an economic profit of $30 will be made by this firm. Figure 1.3 Figure 1.4 As shown in Figure 1.3, total revenue exceeds total cost by the greatest amount, which is $30, at a quantity of 4. This allows for the greatest economic profit obtainable. In concurrence, in Figure 1.4, marginal cost is as close to marginal revenue as possible at a...
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...Введение в Политологию Программа учебного курса Российская экономическая школа, совместный бакалавриат РЭШ-ВШЭ, весенний семестр 2014 года (64 часа в аудитории) Преподаватель – Балалаева Дина Яновна, Ph.D. Занятия: лекция - среда, 15:10-16:30, семинар- 13:40-15:00 Консультации – TBA Компетенции, формируемые в результате освоения дисциплины: В результате освоения дисциплины студент должен обладать следующими общекультурными (ОК) и профессиональными компетенциями (ПК): ОК-4, ПК-8, ПК-9 Общий объем аудиторных часов – 64 в том числе: лекции – 32 часа. практические занятия - 32 часа. Промежуточный контроль – статья. Краткая аннотация Данный курс по «Сравнительной политологии» охватывает наиболее важные темы дисциплины и прослеживает развитие методологии от сравнительных кейс-стади до крупномасштабных межвременных исследований и экспериментов на местах. Почему, в среднем, самые богатые страны – демократии? Или, заимствуя вопрос Л. Даймонда (2010), почему мир не знает ни одной арабской демократии? Почему авторитаризм не помешал (помог?) «азиатским тиграм»? Насколько устойчивы гибриды? В чем «секрет эффективности» парламентской формы правления? Почему страны с пропорциональной системой выборов больше тратят на социальные расходы, чем страны с мажоритарной формулой? Производят ли федерации больше технологических инноваций, чем унитарные государства? Каково оптимальное...
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... ‘Corporate social responsibility theories: mapping the territory’, Journal of Business Ethics, vol. 53, no. 1-2, pp. 51-71. | Corporate Social Responsibility | 3 | Argandona, A. 1998, ‘The stakeholder theory and the common good’, Journal of business ethics, Vol. 17, pp 1093-1102.Burke, L. 1996, ‘How corporate social responsibility pays off?’, Long Range Planning, Vol.29, No 4, pp 495 – 502. | Corporate Social Responsibility | 4 | Morrison, J. 2011, The global business environment: meeting the challenges, 3rd ed., Palgrave Macmillan, Basingstoke. Palmer, A. and Hartley, B. 2009, The business environment, 6th ed., McGraw-Hill Higher Education, London. | The Economic Environment | 5 | Heywood, A. 2004,Political theory, 3rd ed., Palgrave Macmillan, New York. | The Economic Environment | 6 | Parkin, A. and Hardcastle, L. 2010, 'Government-business relations' in A. Parkin, J. Summers and D. Woodward (eds.), Government, politics, power and policy in Australia, 9th ed., Pearson Education Australia, Sydney, pp. 351-371.Ryan, N., Parker, R. and Brown, K. 2003, Government, business and society, 2nd ed., Pearson Education Australia, Frenchs Forest. | The Political Environment | 7 | Wiedenbaum, M. 2004, ‘Business and government in the global marketplace’, 7th ed., Pearson/Prentice Hall, New Jersey. | The Regulatory Environment | 8 | Price Waterhouse Coopers 2008, The Australian Pharmaceutical Industry: Issues and Challenges, Price...
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