...and His Wife,” Quentin Metsys (1514) AP European History J.F. Walters (2010) 1 Commercial Revolution: Essential Questions 1. How did developments in the late Middle Ages impact the Commercial Revolution? 2. What contribution did Luca Pacioli make to the Commercial Revolution? 3. What was the nature of banking in the Commercial Revolution? 4. What was a joint-stock company? 5. What was the Domestic System” in England? 6. What was the Price Revolution and what were its results? 7. What were the principles of mercantilism and what impact did it have on economics and politics? 8. In what ways did the Commercial Revolution sow the seeds of capitalism? 9. What was “Tulip Mania” in the Netherlands? AP European History • The Commercial Revolution • J.F. Walters & G.W.Whitton 2 The Commercial Revolution Journal 12/A: What important economic changes in the early modern centuries does the term “Commercial Revolution” signify? ––Palmer Chapter 12 • pp. 106-114–– Directions; Using sentences or detailed bulleted notes, identify & explain the evidence Palmer uses to support the thesis listed above. AP European History • The Commercial Revolution • J.F. Walters & G.W.Whitton 3 Background to the Commercial Revolution • Commercial Revolution basics ✓ ✓ ✓ ✓ • change from a town-centered (medieval manorial) to a nation-centered (early modern European) economic system in spite of name, the economic change of the Commercial Revolution was...
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...Under those circumstances, why would they still go? Religious oppression. Both the Protestant and Catholic churches were fighting for power in England. When Britain was under catholic powers, the protestant people were persecuted, and fled to the new world in hopes of being able to worship in their own ways freely. Another reason was economic struggle in Europe. Due to economic struggle, people were losing their jobs and became destitute. When the opportunity to come to the New World arose, many of the struggling people saw it as a way to start over and make their fortune in hope to alleviate the suffering in Europe. Beginning as early as thirty thousand years ago, during the Pre-Columbian Era, Americans came from Asia over a land bridge formed at the Bering Strait during the Ice Age. The new immigrants were gatherers and hunters, known as Native Americans, who reached a population perhaps as many as 100 million spread across Central and South America by the time the Europeans “discovered” the New World. Native Americans development of agriculture provoked new innovations and cultures that would influence America forever ("Study Notes - Free AP Notes," n.d.). During the Middle Ages, Europeans were ignorant to the existence of the Americas. Europeans became acclimated to an assortment of Asian goods including drugs, spices, perfume, and silk, however, key pathways to Asia were controlled by Muslim forces who forced European merchants to pay large amounts for their ways. European...
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...The sound of crickets chirping outside was the only thing I could hear as I shuffled through countless pages of AP Economics notes. Shining brightly, my laptop was the only source of light in my dark room. While sitting on my bed, I attempted to prepare myself for the dreaded AP Economics test coming up. My mind raced as I tried to remember the differences between loans and bonds. Once I figured out these two terms, I had another twenty to define. School had always been enjoyable for me and I had exceptional grades, but Economics was a challenge for me. Although I struggled on some tests, I really loved the class and the concepts we studied. I had failed the second semester final even after my teacher curved it twenty percent. Failing...
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...York University Faculty of Liberal Arts & Professional Studies Department of Economics Fall 2014 Course Outline Course # and Title: AP/ECON 4140 3.0A Financial Econometrics Course Webpage: http://www.yorku.ca/rsufana/teaching.htm Course Instructor/Contact: Name: Prof. Razvan Sufana Office: VH 1030 Phone: 416-736-2100 Ext. 66065 Office Hours: Tuesday 2 – 3 PM, Thursday 2:45 – 3:45 PM Email: rsufana@yorku.ca (Please include course number in subject line) LectureTime and Location: Thursday 11:30 – 2:30 PM, ACE 002 Prerequisite: AP/ECON 3210 3.00 or AP/ECON 3500 3.00 or equivalent. Course Credit Exclusions: None. PRIOR TO FALL 2009: Course credit exclusion: AK/ECON 4130 3.00. Course Description: This course is an introduction to financial econometrics. Background knowledge of finance is not required. The objective of the course is to explain, in simple terms, the use of selected statistical methods and econometric models in finance. The content of the course includes simple static and dynamic models of financial returns, elements of portfolio theory, the CAPM regression model, elements of option pricing, the Value-at-Risk (VaR), and the ARCH model. Weighting of Course: Assignment 1 (12.5% of final grade): available October 2, due at beginning of class on October 9 Midterm Exam (30% of final grade): October 16 Assignment 2 (12.5% of final grade): available November 20, ...
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...Cash Flow and Cost of Capital Learning Objec-ves 2 ¨ Cash flow to invested capital ¤ $4,000.00 $3,500.00 $3,000.00 $2,500.00 Free cash flow NOA NIBCL NOA ¨ Rate cost of capital ¤ NIBCL C IC OA Weighted average cost of capital Includes all costs of capital Fair value of invested capital $2,000.00 $1,500.00 $1,000.00 $500.00 $-‐ IC ¨ Economic profit ¤ ¨ Value of the firm ¤ roic > k FCFi V=∑ i i (1 + k) N ¨ Financial decision criterion over mul-ple periods 3 State-‐ ment of Cash Flows Statement of Cash Flows 4 ¨ ¨ ¨ This financial statement details the change in the balance sheet cash and equivalents accounts, CE, during an accoun-ng period. CEi = CEi-‐1 + CFOi + CFIi + CFFi = CEi-‐1 + ∆CE ∆CE = CFO + CFI + CFF ¤ ¤ ¤ CFO is the cash flow from opera-ng ac-vi-es CFI is the cash flow from inves-ng ac-vi-es CFF is cash flow from financing ac-vi-es Statement of Cash Flows 5 Statement of Cash Flows Balance Sheet ...
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...CHAPTER 1 ACCOUNTING IN ACTION Summary of Questions by STUDY Objectives and Bloom’s Taxonomy |Item | |1. | |51. | |224. | |235. | |270. | |1. | |4. | |12. | |13. ...
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...AP Economics Mrs. Falk Summer Reading Assignment, 2014 Welcome to AP Economics! I hope you’re ready for a challenging, but eye-opening experience, because you are about to discover that economics is unlike any course you’ve ever taken. Economics will change the way you view the world. In preparation for this September, I would like you to read selections from New Ideas from Dead Economists, by Todd Buchholz. If you haven’t already bought it at the PTSA book sale, you’ll probably be able to find it with no difficulty in the local bookstore or library, and it’s available on Amazon.com. New Ideas traces the development of the study of economics, focusing one by one on many of the most influential economic thinkers of the Modern Era. Buchholz’s historical approach makes this a useful bridge between your study of history over the last few years and the study of economics. Please read Chapters 1, 2, 4, 9 and 10. I’ve selected these chapters as the ones that are most in sync with the early part of the AP Econ curriculum. Feel free to read the other chapters if you’re feeling ambitious; you might especially enjoy Chapter 3 on Malthus, Chapter 6 on Marx and/or Chapter 11 on Public Choice Theory. The questions that follow below will guide your reading and help you to process the ideas of some notable economists. Answer the questions that follow and hand them in on the first day of class. You will also take a test during the first week of school on the reading. Please note that a poor grade...
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...AP World History For many of you AP world History will be your first experience with an AP class, this class will be both rewarding and very demanding. We must cover close to 10,000 years of World History is just under eight months, in order to prepare you for the AP exam in May, so to get a jump start on the information you will be required to complete a summer assignment. This assignment will be due August 26, 2011, however when school begins we will hit the ground running so waiting until school starts to complete this assignment is not advisable. This assignment carries two purposes: giving the teacher insight into your thinking and reasoning abilities and giving you, the student, insight into the type of assignments and level of thinking required in an AP class. Successful completion of this assignment will help secure a solid foundation for AP World History. You will find that AP courses typically have fewer daily grades and more emphasis is placed upon major test grades. Successful completion of this assignment will have a positive effect on your first six weeks average. If you do not successfully complete this assignment, it will have a negative impact on your first six weeks average. Summer Assignment for AP World History Part I: Send Me an Email To be completed before the end of June Please give me your name, your email address and a parent/guardian name and email address as well as your cell phone number and a parent/guardian contact number. Please...
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...AP World History Summer Assignment Dear Students – Welcome to your 2014-2015 sophomore AP World History course! In preparation for our busy year, you are expected to complete the following FOUR assignments over the summer! Please review the descriptions of the activities listed below and the anticipated due dates and assessments for each assignment. We will begin our course of study in the year 8,000 B.C.E. and finish the school year looking at modern day issues. The majority of your summer assignments will require you to read, reflect and analyze the one book selected from the list provided. You will also have to complete three basic world religions charts, answer questions about the Neolithic Revolution and complete a geography assignment. You may find links to the documents required for these assignments on my teacher Website http://teacherweb.com/WA/LakesHighSchool/Dunnavant/h0.aspx Please feel free to email me over the summer if you have questions. Sincerely, Ms. Dunnavant adunnava@cloverpark.k12.wa.us Assignment One – WORLD RELIGIONS The influence of major religions and semi-religious philosophies on societies will provide a reoccurring theme throughout the course. It is important for you to be familiar with each religion as we proceed. Please follow the directions below: 1. Visit the following sources: • BBC Religion & Ethics Website http://www.bbc.co.uk/religion/religions/ • Infoplease.com http://www.infoplease.com/ipa/A0113529.html ...
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...CHAPTER 1 INTRODUCTION TO FINANCIAL STATEMENTS SUMMARY OF QUESTIONS BY LEARNING OBJECTIVE AND BLOOM’S TAXONOMY |Item | |1. | |41. | |175. | |192. | |202. | |210. | |211. | |Item | |Item ...
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...profitability? 1. Cost of Goods Sold: Even though profits have been consistent, they have not increased sufficiently. The NPM has remained close to 2%, and COGS has remained around 75%, keeping profit margins low (See Appendix Exhibit 3). Therefore, operating expenses and COGS have increased at a quicker rate than net income. Additional funds are required to not only maintain the company’s current growth rate with expected sales of 5.5 million, but also to increase purchasing power for goods. 2. Use of Cash: In addition, Mr. Clarkson bought out his partner, Mr. Holtz, for $200,000 in 1994. Mr. Holtz took a note for $200,000 to be paid off in 1995 and 1996 with interest rate of 11%, repaid in two semi-annual installments of $50,000 beginning June 30, 1995. The terms of this note are not conducive to the current cash cycle of Clarkson Lumber. He is required to pay the note in too short of time in comparison to his revenue. Mr. Clarkson also used his cash to invest in working capital (see #3) associated with the company’s increasing sales volume. This prohibited him from taking advantage of the trade discounts, which would have decreased cost of sales. 3. Asset Purchases: Clarkson Lumber had made a significant asset purchase in 1995, totaling $126,000. This could have been for the purchase of additional property to support the continued sales growth, however due to the small margins and dependency on short term loans, Clarkson Lumber may not have chosen the most effective financing...
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...practical accounting problems 1 and the least yet still bear impact is the business law and taxation. The collegiate validation exam used as indicator of readiness showed statistical association with the actual exam. A simulated model revealed that the scores of management and services, auditing problems, audit theory, business law and taxation and accounting problems 1 have strong board outcome effects. The theory of accounts and accounting problems 2 showed no statistical significance. Keywords: Accounting education, intervention measures, maximum likelihood 1 Electronic copy available at: http://ssrn.com/abstract=2394997 INTRODUCTION It had been claimed that licensure examination secures protection of the profession during economic downturn (Young, 1988) because it is used as a measure of competence. It has an associational requirement for the practice which...
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...NBER WORKING PAPER SERIES THE DISTINCT EFFECTS OF INFORMATION TECHNOLOGY AND COMMUNICATION TECHNOLOGY ON FIRM ORGANIZATION Nicholas Bloom Luis Garicano Raffaella Sadun John Van Reenen Working Paper 14975 http://www.nber.org/papers/w14975 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 May 2009 We would like to thank the ESRC for help with financing this research at the Centre for Economic Performance. We thank participants at the LSE Labor workshop, at the NBER Summer Institute in Labor and Personnel Economics, at the Harvard/MIT workshop in Organizational Economics and at the Microsoft Economics workshop for their useful comments. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peerreviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2009 by Nicholas Bloom, Luis Garicano, Raffaella Sadun, and John Van Reenen. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. The distinct effects of Information Technology and Communication Technology on firm organization Nicholas Bloom, Luis Garicano, Raffaella Sadun, and John Van Reenen NBER Working Paper No. 14975 May...
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...Economics: What is it? If someone asks you to define economics, what are you going to tell them? Without running to your book, let’s look at the word eco-nomics itself. The prefix ‘eco’ from the Latin word ‘oeco’ refers to household and ‘omics’ is a general term for a broad discipline of science which analyses certain variables. So the word economics can be defined as: ‘...A social science that studies how individuals, governments, firms and nations make choices on allocating scarce resources to satisfy their unlimited wants’ (Investopedia) ‘...The social science that deals with the production, distribution, and consumption of goods and services and the theory and management of economies or economic systems.’ (American Heritage Dictionary) ‘... The study of how society uses its scarce resources.’(The Economist) ‘...the branch of knowledge concerned with the production, consumption and transfer of wealth.’ (Oxford Dictionary) How is economics going to help me? Scenario 1: As a high school or college student, you about doing a number of different career options but why do you end up with one or two major interests?... Yes, you make a choice whether or not you want to be a Doctor, Lawyer, Entrepreneur, Accountant, Economist, among other professions. And economics has to do with making effective choices and how they impact you as an individual. This leads us to the first branch of economics. A group of concepts and explanations have been developed to explain the...
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...the economy one need to know the meaning of business and its purpose within society. Business can be viewed as a legal entity to sell goods, make goods or provide a service to individuals. It’s an economic system where a for-profit and a non-profit company can exist in providing goods and services. Businesses operate within a network of distributors and producers of goods, consumers’ who purchase goods, within a demographic area based on their needs and wants. Within this network how a business is structured and form can affect the profitability of that business; also, how businesses perform can affect the overall performance of a country’s economy. Describe the role of business in the economy Being part of a capitalistic economy businesses are the main and most important component of it. Businesses play a role in every section of an economy, such as; manufacturing, healthcare, retail and service are examples of what involves businesses. Without a network of producers and distributors there will be no economy, if businesses do not exist then consumers will have to produce, create, store, and sell items themselves, basically everyone would be fending for themselves for every need and want. (Kelly, M., & McGowen, J. (2012) In today’s global businesses environment the economic impact can be felt internationally. As businesses go through cycles of growth and peaks, contractions and recovery, the economy will either grow or decline based on the current business cycle. Through...
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