In this paper, the parts of four leading economics textbooks that deal with exchange-rate theories are reviewed. The books are by Krugman/Obstfeld/Melitz, Blanchard/Johnson, Mankiw/Taylor and Samuelson/Nordhaus. The theoretical background for this exercise is the fact that exchange-rate theory...

We develop a classroom experiment on exchange rate determination appropriate for undergraduate courses in macroeconomics and international economics. Students represent citizens from different countries and need to obtain currency to purchase goods. By participating in a sealed bid auction to...

Exploitable opportunities within the currency market exist and as such, for those clients who are comfortable with the inherent risks associated with this investment opportunity, they should consider allocating a portion of their risk budget to this area of the market. Active currency...

As institutional investors increase their allocations to non-domestic securities, the associated currency risk becomes an increasingly pertinent subject in need of addressing. Our advisory position on currency hedging is that for most clients, the drawbacks can be significant and the benefits...

This study considers the relationship between job search and over-education amongst recent Australian bachelor degree graduates. Using a panel estimation method, we find that using universities' career offices is associated with a reduced probability of over-education (between 3% and 8%)...

Basel II changes risk management in banks strongly. Internal rating procedures would lead one to expect that banks are changing over to active risk control. But, if risk management is no longer a simple "game against nature", if all agents involved are active players then a shift from a...

We present a simple classroom principal-agent experiment that can effectively be used as a teaching device to introduce important concepts of organizational economics and contracting. In a first part, students take the role of a principal and design a contract that consists of a fixed payment...

Aus der statistischen Praxis ist der Computer heute nicht mehr wegzudenken. In der statistischen Lehre dagegen wird der PC häufig noch nicht adäquat genutzt. Dieser Artikel beschreibt Entwicklung, Einsatz und Evaluation eines PC gestützten Lehrkonzepts, das in der statistischen...

Die Kurzexpertise kritisiert das Gutachten der Wirtschaftsverbände „Ökonomische Bildung an allgemein bildenden Schulen“ (2010) als unter fachwissenschaftlichen, fachdidaktischen, pädagogischen und pragmatischen Aspekten unzureichend. Sie verlangt, ökonomische Fragen in gesellschaftliche,...

This study investigates how exposure to an academic field influences students major choices. In particular, we analyze whether students who are inclined to study business change their intentions after being exposed to economics or law. We exploit a natural experiment at a Swiss university. All...