The elasticity is an important measure impacting on a form's revenue. Hence, it is important for a firm to know how the proposed change in price of its product can affect its total revenue, when the product is to be sold in the new market condition at the new price. In this context, the measure...

This paper aims to inform banks, consumers, researchers, consumer protection organizations and other stakeholders for the importance of these regulations as well as raising some other related issues to be addressed for the protection of mortgage loan consumers. In 2014, EU political reasoning...

The recent global financial crisis made the need for companies to have an easy access to credit greater than ever before. Consequently, the importance of the laws surrounding secured transactions has been considerably increased since many companies seek financial assistance from financial...

In the nineties of the previous century, former governments started a development towards greater market effect in The Netherlands, also in the professional service sector. The operation, in which many professional and industry sectors were fundamentally restructured, was named Market Effect,...

Efforts to show the relevance of economic concepts early in a student’s education can prevent the “economics is not very useful†attitude from setting in. The author extends the work of Holt to describe a pit-market experiment used to illustrate the concept of competitive...

'Market failure' is a term widely used by politicians, journalists and university and A-level economics teacher and students. However, those who use the term often lack any sense of proportion about the ability of government to correct market failures. This arises partly from the lack of general...

I present a classroom experiment designed to help students learn (1) decision-making using marginal analysis; (2) the prediction of the price; (3) the decentralized determination of a price by the market; (4) specialization; (5) the gains from trade; and (6) the ability of a competitive market to...

The author provides an economic analysis of tradable pollution permits by clarifying the derivation of permit supply and demand relationships and connecting those concepts to permit trading for the case of two polluters. Using the standard comparison of costs and benefits, he makes the marginal...

This manuscript develops a classroom experiment on international trade that is suitable for undergraduate intermediate macroeconomics, international trade, and international finance courses. Students representing buyers, in a small home country and foreign country, and sellers, both home and...

We show here that the usual textbook declaration that there is no such thing as a "supply curve" for a monopoly can be confusing for students and is at least somewhat misleading. The perfect competition case corresponds to a "one-parameter" demand curve facing the firm; varying that parameter...