Intermediate microeconomics textbooks employ indifference curve analysis to explain the income and substitution effects of a change in the price of a good x on the demand for it, holding other variables constant. Further, they demonstrate how the shape and slope of the demand curve changes...

Educators are increasingly using experiential learning pedagogy to improve learning (knowledge and skills). Two highly effective experiential methods are live-case study projects and internships. This study examines the learning outcomes of courses with live-case study projects for students who...

This paper compiles data from a half a dozen different sources to examine the relative impact various factors have on graduation rates. Research finds that faculty salaries positively impact rates, public schools have lower graduation rates and liberal arts colleges, research and masters’...

A report on an introduction of a flipped classroom approach to lectures in a final-year actuarial course is presented. At the heart of the flipped classroom is moving the delivery of material outside of formal class time and using formal class time for students to undertake collaborative and...

Finance professionals must frequently forecast financial statements. The common practice for forecasting financial statements is to apply the percentage of sales method. In this paper, we develop a new method for forecasting financial statements based data available from The Risk Management...

Considering the significant growth in online and distance learning, the question arises as to how this different delivery method can affect student learning. Specifically, this study compares the student learning outcomes on both a basic and complex assignment given in the same course, but using...

The application of options pricing theory to value irreversible investment decisions has witnessed a marked increase over the last decade. For instructional and simplified applications, the Black-Scholes model is commonly demonstrated due to its tractability and acceptance in the finance...

The business world increasingly demands workers who can master new technologies to develop collaborative networking. Social networks are being used in business environments more and more, particularly the large incursion that Facebook currently has. Therefore different online tools, especially...

In this paper, we analyze a purchase lot-sizing decision that includes transport cost using actual motor carrier freight rates. Lot-sizing models in the literature either estimate motor carrier freight rates with a continuous function or simplify less-than-truckload freight rates unrealistically...