As a contribution to the recent debate about graduate education in Economics, we have surveyed all students enrolled in the Stockholm Doctoral Program in Economics. We believe that this is a good representative of a strong European graduate program which in the early 1990's adopted a US-style...

This paper sheds light on the questions how important competences are and which competences can best be learned at school and which competences can be acquired better in the workplace. Exploiting data from a survey among professional tertiary education and training business administration...

The paper shows how a dynamic neoclassical AS-AD can be derived and used to describe business cycles and growth trends to undergraduates. Derived within the Ramsey-Cass-Koopmans (RCK) model, the AS-AD is the stationary equilibrium of the deterministic dynamic general equilibrium framework....

For those who monitor relative wealth accumulation and are unmoved by divine empathy, a disincentive to increase the rate of full manumission is possible. Consider slavery as overt, formal constraints to zero or even negative wealth accumulation; and consider freedom of ex-slaves as the...

For many countries located around the equatorial region, climate phenomenon such as El Niño southern oscillation or ENSO has enormous impact on their economies. In the case of countries with a high degree of dependency on water resources for energy generation, the impact of ENSO has been...

This article explores how prepared MSc in Finance students at a British University were for a research based dissertation; how much they knew about independent research prior to starting the dissertation; and how the University assisted them during this research work. Three changes were carried...

In this short expository note I provide an overview of leveraged buy-out transactions (“LBOs”). I show in detail how an LBO transaction is structured and financed, as well as the typical return profile. I also provide a sample transaction accompanied by financial projections, debt repayment...

En este segundo trabajo expondremos las ecuaciones por definición básicas necesarias para cuantificar la necesidad de fondos, beneficios y costos al cambiar la base de la estrategia ante apreciaciones del precio del subyacente. Incluyendo la segmentación de los efectos del cambio según los...