...| GRADUATE SCHOOL OFFICECoursework Submission Form | P03-F01 | INFORMATION | STUDENT TO COMPLETE IN FULL (To be fastened securely to the front of all coursework. It is your responsibility to also attach any additional items. E g. CD, …) Please tick if you are: Foundation Diploma √ Undergraduate Postgraduate Others Please Use Block Capitals 1 | Module Code & Title | ECON 0203 MACRO ECONOMICS | 2 | Course | | 3 | Name of Lecturer | MR PERZEUS JAMES | 4 | Submission Date | 3 APRIL 2015 | Please tick if this assignment is re-submission Please ensure that you have signed the declaration below before submitting your assignment. For group assignments, all students in the group must sign the declaration. I/We understand that: This assessment item is entirely my/our own original work, except where I/we have acknowledged use of source material [such as books, journal articles, other published material, the Internet, and the work of other student/s or any other person/s]. This assessment item has not been submitted for assessment for academic credits in this, or any other course at FTMS College or elsewhere. I/We understand that: The assessor of this assessment item may, for the purpose of assessing this item, reproduce this assessment item and provide a copy to another member of the college. The assessor may communicate a...
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...Name: Priyesh Kasan Student Number: 448851 Course: Economics 1 (ECON 1000) Topic: Essay – Semester 2 (2010) (Final Copy) Essay Topic 2: “During the 2006-2008 period COSATU called for changes to government fiscal policy citing “prospects for a more expansionary fiscal policy” (COSATU Secretariat Report to the Ninth National Congress, Sept 2006) and arguing that “[fiscal policy] is unduly focused on chasing macro-economic targets, such as low budget deficits” (COSATU General Secretary, Zwelinzima Vavi’s address to the AGM of NEHAWU Securities, Nov 2008).” Answer the following: By making reference to the compulsory readings, discuss whether you think it was advisable for the South African government to increase government spending during the 2006 and 2007 financial periods. Explain why you feel this way with reference to the information contained in the readings. Tutor: Maite (14:15 - 15:00) Due Date: 20 September 2010 No. Of Words: 1097 INRODUCTION: This essay will explore the meaning of the fiscal policy, an increase in government expenditure and how it relates to inflation and the aggregate expenditure model. It will discuss whether it was advisable for the South African government to increase government spending during the 2006 and 2007 financial periods. The mains views that will be discussed will be based on how an increase in government expenditure affects the aggregate expenditure curve, what is the result of this on the GDP gap and also its effect on the inflation rate...
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...make a decision at the first period (t). Previously economists modelled expectations on recent past information available to agents which the agents than used to adapt to the current situation; this form of adaptive expectations behaviour means that agents learn from past experience to expect future event, which means that adaptive expectations will be useful when future events are the same as past. Let’s look at a simple example of adaptive expectations (AE) first to lay the foundation for the other important and more relevant assumption of rational expectations (RE). If we had an inflation rate today of 3%, agents who use AE will forecast that next period’s inflation rate as 3%. So, with this basic example of AE we would have π ’ π t − 1 Where inflation expected is equal to the lagged inflation rate. So if next period’s expected π is 3% based on last period forecast of 3% and actual inflation becomes 5%, there is a 2% unanticipated rise in inflation so the agents, based on this assumption, make systematic prediction errors of future inflation rate because they based it on the previous rate of inflation, the same systematic error would occur if inflation fell by 2%, the agents would...
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...UNDERGRADUATE REGULATIONS & SYLLABUSES 2014 - 2015 THE FACULTY OF SOCIAL SCIENCES TABLE OF CONTENTS MESSAGE FROM THE DEAN ............................................................. 3 UNDERGRADUATE PROGRAMMES ................................................ 4 ACADEMIC CALENDAR 2014-2015 ................................................ 5 DEFINITIONS ...................................................................................... 13 GENERAL INFORMATION & REGULATIONS .............................. 14 General Regulations for Bachelor of Science Degrees 14 Special Regulations for Degrees in Hospitality and Tourism Management........................................................... 27 Franchise Agreements .......................................................... 27 EVENING UNIVERSITY -GENERAL INFORMATION & REGULATIONS ................................................................................... 28 General Regulations for Bachelor of Science Degrees 28 General Regulations for Diploma Programmes ............ 36 General Regulations for Certificate Programmes ......... 37 STUDENT PRIZES .............................................................................. 38 CODE OF CONDUCT ........................................................................ 39 UNIVERSITY REGULATIONS ON PLAGIARISM .......................... 40 THE ACADEMIC SUPPORT/ DISABILITIES LIAISON UNIT (ASDLU) ..............................................................................................
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...development since 1978 one may conveniently divide the topic into its domestic and international aspects even though the two are closely related. It is the purpose of this essay to examine the international aspects as China has taken part in the process of world economic globalization, a salient feature of world history today. The Chinese leader Deng Xiaoping who initiated and directed economic reform from a planned to a market economy understood the importance of globalization and adopted what he called an “open-door policy” as an essential part of the reform program. The term globalization refers to the crossing of national boundaries. It means the flow of goods, capital, information/technology and people across national borders. China practiced globalization in the Han dynasty (206BC-220AD) when trade took place between the Han Chinese and neighboring people in the North-west through the Silk Route. During the Tang dynasty (618-901) trade flourished and the Silk Route expanded as Chinese traded with the Romans. However, in the Qing Dynasty and in the period of the PRC up to Deng Xiaoping’s open-door policy China tried to close its doors and resisted globalization. I will survey the accomplishments of globalization for China’s economic development and clarify some controversial issues concerning globalization. 1. Foreign Trade. First consider foreign trade or the flow of goods across national borders. Since 1978 China has encouraged free trade and abolished trade restrictions...
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...Introduction Nowadays house price is becoming increasingly important, as residents should take the house price into consideration when they plan to buy a house and policymakers should make regulations on real estate market based on house price. Therefore, the determinants of house price are becoming increasingly important. However, some misunderstandings still exist，such as the real relationship between house price and land price. The author will elaborate on the relationship mentioned above from the following two aspects. From the aspect of microeconomics, due to some reasons like changing jobs to other cities or deciding to change the living environment, people may buy a new house to start their new lives. Some individuals like to take convenience and quality of environment into consideration, and they may prefer some more comfortable places that have a good public transport service or short distance to CBD (Central Business District). According to the study of the relationship between New York vacant land price and location by Atack (1998, pp.151-172), the author concludes that the distance from city hall and land price have an inverse relationship. Thus, if they want to choose a place that may provide many conveniences, they cannot probably afford the house because of the high price of land. Then they may be always likely to regard land price as a sole determinant as land and house have a strong relationship regardless of other factors. Therefore, a concept may be shaped...
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...ECON 11026 Assignment Item 1 . S0183732 Part A Q1ai) Article can be found in the following website : http://www.skynews.com.au/businessnews/article.aspx?id=738928&vId= The article ‘ Strong jobs figures put rate cut in doubt’ described that there is an increase in employment in the last one month which might help in putting hold to rate cut by Reserve Bank of Australia. There are positive signs in Australian job market with increase in 44000 employed people showing signs of recovery and better production levels. This will also increase private consumption giving rise to increased demand. Q1aii) This news article describes tradeoffs between interest rate cuts, inflation rate and unemployment rate. Q1aiii) First of all, this news article discusses the strong revival in the Australian job market seen in the month of March. More than 44000 jobs were created in the month of March across the nation which showed great signs of growth and production. It also says that unemployment rate is steady at the rate of 5.2 percent. The increase in number of jobs surpassed all the expectations of economists which estimated it to be 5000 in the month due to 15000 lost jobs in the month of February. Economists now estimate that due to strong job market and higher production levels, Reserve Bank of Australia (RBA) may undermine expected interest rate cuts. It had managed to keep cash rate at 4.25 percent but hinted at possible rate cuts in the month of...
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...Course Hero has millions of student submitted documents similar to the one below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support. 4 Chapter PLANNING BUSINESS MESSAGES Multiple Choice 1. The three primary steps involved in preparing a business message are a. planning, writing, and completing. b. informing, persuading, and collaborating. c. defining the purpose, the main idea, and the topic. d. satisfying the audience's informational, motivational, and practical needs. ANSWER: a; DIFFICULTY: easy; PAGE: 90; TYPE: concept 2. In developing business messages, the stage during which you step back to see whether you have expressed your ideas clearly is the a. planning stage. b. writing stage. c. completing stage. d. feedback stage. ANSWER: c; DIFFICULTY: moderate; PAGE: 91; TYPE: concept 3. In preparing business messages, you should devote about ______ percent of your time to planning. a. 10 b. 20 c. 50 d. 70 ANSWER: c; DIFFICULTY: moderate; PAGE: 91; TYPE: concept 4. Which of the following is not a general purpose common to business communication? a. To inform b. To persuade c. To negotiate d. To collaborate ANSWER: c; DIFFICULTY: moderate; PAGE: 92; TYPE: concept 5. An example of a specific purpose for a business message would be a. to impart information to the audience. b. to inform employees about the new vacation policy. c. to persuade readers to take an action. d. to obtain audience participation and collaboration...
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...HAMPTON UNIVERSITY SCHOOL OF BUSINESS Course Syllabus - FALL 2011 ECON 201-ALL SECTIONS PRINCIPLES OF ECONOMICS (MACRO) SEC | CRN | DAYS | TIME | CLASSROOM | INSTRUCTOR | 201-HR | 21507 | TR | 12:30-1:45PM | ST-321 | Sarki, A | 201-02 | 21509 | MWF | 9:00-9:50AM | BU-122 | Ferdnance, T | 201-03 | 21512 | TR | 11:00-12:15PM | BU-101 | Toney, S | 201-05 | 21513 | TR | 9:30-10:45AM | ST-336 | Sarki, A | 201-07 | 21514 | TR | 2:00-3:15PM | BU-101 | Toney, S | 201-09 | 21516 | MWF | 1:00-1:50PM | BU-122 | Ferdnance, T | PROFESSORS OFFICES OFFICE HOURS PHONE Dr. Ayuba J. Sarki Science & Tech (301C) TBA (757) 727-5868 Dr. Tyrone Ferdnance Buckman (107B) TBA (757) 727-5134 Dr. Susanne Toney Buckman (214C) TBA (757) 727-5760 REQUIRED TEXTS: Case, Karl E., Fair, Ray C., & Oster, Sharon M; Principles of ECONOMICS 10th Edition, Pearson/Prentice-Hall, 2012 ISBN-10: 0132552914; ISBN-13: 9780132552912 0132744856 OR Case, Karl E., Fair, Ray C., & Oster, Sharon M; Principles of Macroeconomics 10th Edition, Pearson/Prentice-Hall, 2012 ISBN-10: 0131391402; ISBN-13: 978-0131391406 AND MyEconLab (Required) (Note that all the required materials can be purchased from Hampton University Virtual Bookstore). CATALOG DESCRIPTION: A first course on modern market economies. Emphasizes the determination of national income, fluctuations, and...
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...| Carmelia Bell | Portfolio | | Bachelors of Science in AccountingDeVry UniversityJune 2013 | | | | | Table of Contents * Personal Mission Statement * Elevator Speech * Education * DeVry Plan of Study * DeVry Course Description and Academic History * Resume * Reference List * Career Path Section Mission Statement My mission is to continue to drive for excellence throughout my life. I will ensure that I graduate from school with my Bachelors of Science in Accounting degree from DeVry University. My mission is to also enroll in Keller’s Graduate school to get my master in Business and Management. My goal is to work for a successful company in a management position to demonstrate my skills and help the company to drive for outstanding results. I am committed to becoming a successful manager in a retail store or corporate level. I am willing to go above and beyond to reach that goal. I am a driven, compassionate, and hardworking individual. My goal is to one day get marry and have a family. I will be loving and proactive in building and maintaining my relationships with my employees, family and friends, so that I may be considered a successful wife, mother, daughter, sister, aunt, friend, co-worker, and manager. Elevated Speech Hi my name is Carmelia Bell. I am a senior at DeVry. I’m graduating June 30 of this year. I have 4 years of an assistant manager experience. I’m currently working as a team lead at...
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...American economic JUNE 1958 Revlew NUMBER THREE VOLUME XLVIII THE COST OF CAPITAL, CORPORATION FINANCE AND THE THEORY OF INVESTMIENT By FRANCO MODIGLIAN1 AND MERTON H. MILLER* What is the "cost of capital" to a firm in a world in which funds are used to acquire assets whose yields are uncertain; and in which capital can be obtained by many different media, ranging from pure debt instruments, representing money-fixed claims, to pure equity issues, giving holders only the right to a pro-rata share in the uncertain venture.? This question has vexed at least three classes of economists: (1) the corporation finance specialist concerned with the techniques of financing firms so as to ensure their survival and growth; (2) the managerial economist concerned with capital budgeting; and (3) the economic theorist concerned with explaining investment behavior at both the micro and macro levels.' In much of his formal analysis, the economic theorist at least has tended to side-step the essence of this cost-of-capital problem by proceeding as though physical assets-like bonds-could be regarded as yielding known, sure streams. Given this assumption, the theorist has concluded that the cost of capital to the owners of a firm is simply the rate of interest on bonds; and has derived the familiar proposition that the firm, acting rationally, will tend to push investmnent to the point * The authors are, respectively, professor and associate professor of economics in the Graduate School...
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...American Economic Association The Cost of Capital, Corporation Finance and the Theory of Investment Author(s): Franco Modigliani and Merton H. Miller Source: The American Economic Review, Vol. 48, No. 3 (Jun., 1958), pp. 261-297 Published by: American Economic Association Stable URL: http://www.jstor.org/stable/1809766 Accessed: 10/09/2009 09:51 Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at http://www.jstor.org/action/showPublisher?publisherCode=aea. Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. JSTOR is a not-for-profit organization founded in 1995 to build trusted digital archives for scholarship. We work with the scholarly community to preserve their work and the materials they rely upon, and to build a common research platform that promotes the discovery and use of these resources. For more information about JSTOR, please contact support@jstor.org. ...
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...downloaded from 145.90.63.121 on Thu, 03 Sep 2015 15:21:00 UTC All use subject to JSTOR Terms and Conditions The American VOLUME XLVIII Revlew economic JUNE 1958 NUMBER THREE THE COST OF CAPITAL, CORPORATION FINANCE AND THE THEORY OF INVESTMIENT By FRANCO MODIGLIAN1 AND MERTON H. MILLER* What is the "cost of capital" to a firm in a world in which funds are used to acquire assets whose yields are uncertain; and in which capital can be obtained by many different media, ranging from pure debt instruments, representing money-fixed claims, to pure equity issues, giving holders only the right to a pro-rata share in the uncertain venture.? This question has vexed at least three classes of economists: (1) the corporation finance specialist concerned with the techniques of financing firms so as to ensure...
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...Transforming Lives Communities The Nation …One Student at a Time Disclaimer Academic programmes, requirements, courses, tuition, and fee schedules listed in this catalogue are subject to change at any time at the discretion of the Management and Board of Trustees of the College of Science, Technology and Applied Arts of Trinidad and Tobago (COSTAATT). The COSTAATT Catalogue is the authoritative source for information on the College’s policies, programmes and services. Programme information in this catalogue is effective from September 2010. Students who commenced studies at the College prior to this date, are to be guided by programme requirements as stipulated by the relevant department. Updates on the schedule of classes and changes in academic policies, degree requirements, fees, new course offerings, and other information will be issued by the Office of the Registrar. Students are advised to consult with their departmental academic advisors at least once per semester, regarding their course of study. The policies, rules and regulations of the College are informed by the laws of the Republic of Trinidad and Tobago. iii Table of Contents PG 9 PG 9 PG 10 PG 11 PG 11 PG 12 PG 12 PG 13 PG 14 PG 14 PG 14 PG 14 PG 15 PG 17 PG 18 PG 20 PG 20 PG 20 PG 21 PG 22 PG 22 PG 22 PG 23 PG 23 PG 23 PG 23 PG 24 PG 24 PG 24 PG 24 PG 25 PG 25 PG 25 PG 26 PG 26 PG 26 PG 26 PG 26 PG 26 PG 27 PG 27 PG 27 PG 27 PG 27 PG 27 PG 28 PG 28 PG 28 PG 28 PG 28 PG 33 PG 37 Vision Mission President’s...
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...J.KAU: Islamic Econ., Vol. 9, pp. 55-65 (1417 A.H / 1997 A.D) Hamid Zangeneh and Ahmad Salam Central Banking in an Interest Free Banking System J.KAU: Islamic Economics, Vol. 5 (1993), pp. 25-35 Comments: RODNEY WILSON Professor of Economics Department of Economics University of Durham U.K. The article by Hamid Zangeneh and Ahmad Salam is a welcome departure in the Islamic finance literature, as relatively little has been written about the role of central banks in an Islamic financial system. The authors review the major functions of central banks, and then discuss how monetary tools need to be adapted in an Islamic economy, these including discount rates, open market operations, reserve ratios, refinancing ratios, credit controls, moral persuasion, profit sharing ratios and exchange rates. The authors cite an earlier paper by Mohammad Nejatullah Siddiqi who has probably given more consideration to the issues than anyone else. (1) One of Siddiqi's main concerns is the central bank's role as lender of the last resort, as it is ultimately responsible for safeguarding the interests of depositors, whether the system is conventional or Islamic, although arguably in an Islamic economy it is not so much a matter of consumer rights, but rather of moral responsibility to Muslim depositors who have entrusted their savings to an Islamic bank in good faith. Although the authors quote Mohammad Uzair when discussing the tools of central banking, (2) Sidjqi has looked at these...
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