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 goal of this paper is to help the motivated students with their course on interest rate modeling and/or to help them learn the LIBOR model by themselves. It implies the reader knows what forward rates, caps, and swap[tion]s are and has some knowledge of the quantitative finance: at least Ito...

In recent decades, there have been concerns within the economics profession about the narrowness in both graduate and undergraduate economics programs. These concerns have been based on the view that economic phenomena can be the subject of many modes of explanation, each based on a particular...

We present comprehensive evidence in support of giving liquidity equal standing to size, value/growth, and momentum as investment styles, as defined by Sharpe (1992). First, we show that financial market liquidity, as identified by stock turnover, is an economically significant indicator of...

This case study highlights the importance of planning before starting any business. Entrepreneurs are very optimistic and do not evaluate all the factors before starting the venture. After sometime the realization hits hard. By that time lot of money, effort and emotions have already gone in to...

The purpose of this case study (real life case study of a client who sought advice from the author) is to develop an insight into the ethical dilemmas faced by an entrepreneur. The case study outlines the situation faced by Mr. Saran Prasad (name altered to protect the identity of the client),...

Global Computer Systems (GCS) is a hypothetical multinational company in the IT industry. The company is a major player in the industry catering to clients from a variety of industries. GCS has different segments specializing in major areas of its operation. The case provides an opportunity to...

This study examines the impact of using technology designed for distance courses in a traditional classroom setting. While tools similar to Elluminate are often used to record lectures in qualitative courses, this study examines the effectiveness of using Elluminate to record step-by-step...

In economics sense, recession is a general slowdown in economic activity over a long period of time, or a business cycle contraction. During recessions, many macroeconomic indicators vary in a similar way. Production as measured by Gross Domestic Product (GDP), employment, investment, spending,...

There is a great deal of interest in the Talmud today, especially in much of Asia. South Koreans, in particular, have developed a fascination with the Talmud and have made it part of their curriculum. Many Korean homes have a version of the Talmud and call it the “Light of Knowledge.” The...