...Running Head: ECONOMIC FORECASTING PAPER Team B Weekly Reflection - Economic Forecasting Paper Chelsea Heyd, Andrea Zugelder, Roberto Foster, Pam Pudans, Kelly Day August, 26th 2014 ECO/372 BARNHILL Team B Weekly Reflection - Economic Forecasting Paper The following includes a list of resources that could be used to gather historical economic data as well as economic forecast data. The resources included are general enough to be applicable to a broad range of potential research project types. However, the data that is accessible in any of the following resources is specific enough to not only represent correctly quantifiable theories with facts, but also to display facts relevant to a variety of potential historical economic research as well as economic forecasting. Chicago Fed National Activity Index (CFNAI) Monthly, this resource measures overall economic activity and inflation based on production and income. Also, employment, unemployment, and hours worked is tracked and displayed using this web resource. Several other unique, key data that can be found her includes personal consumption and housing; and sales, orders, and inventories. The data shown in this resource is valuable for predicting inflation, as well as gauging current and future economic activity in the US on a Macroeconomic level. FDIC State Profiles These state profiles have recently been updated as a quarterly data sheet that summarizes the banking and economic conditions of each...
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...EVALUATION FROM THE CLASSIC PERSPECTIVE JIMMY COMPTON ECO/372 July 15, 2014 DAVID BOSWELL The paper you are about to read will try to persuade you into looking at this theory of Classic Perspective, instead of the old wore out version of Keynesianism. This style might not fit the Presidents style of thinking and understanding the market is reading. The Keynesian theory was thrown out the window in the 1980's and took on the classic theory. WHAT IS THE CLASSIC STYLE This style was adopted by the World Bank because is believes is a free market and limited role in the states. (Econ online) Classic style believes that the economy is best left to the markets to run free and without control, to let the market have free reign will build itself and keep itself going without government or state control. The best way to do this is to promote entrepreneurship to make state owned industries private own, and redo the labor markets by making states at will or Right to Work by reducing the union power. The free-market approach, where markets alone are assumed sufficient to generate maximum welfare. The public-choice approach, which is an extreme New-classical model which emphasizes that all government is ‘bad’ and leads to corruption and the gradual confiscation of private property. The market-friendly approach, which suggests that, while markets work, they sometimes fail to emerge, and a government has an important...
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...University of California, Santa Cruz Economics 135: Corporate Finance Instructor: Prerequisites: Lecture Times: Location: Section Times: Professor Nirvikar Singh Econ 10A, Econ 100A or 100M, Econ 113 MWF 3:30-4:40 pm Kresge 321 Tu 8:30-9:40AM Th 6:00-7:10PM Th 7:30-8:40PM F 11:00AM-12:10PM Winter Quarter, 2014 Baskin 165 Baskin 165 Baskin 165 Baskin 372 Wentao Su Jeffrey Hancuff Jeffrey Hancuff Wentao Su Office Hours: Location: Email: M 11-12, Th 1-2, or by appointment Engineering 2 Bldg, Room 421 boxjenk@ucsc.edu Teaching Assistants: Jeffrey Hancuff and Wentao Su Office Hours: TBD Locations: TBD Midterm Exam 1: Midterm Exam 2: Final Project Due: Monday, February 3 (in class) Monday, March 17 (in class) Thursday, March 20, 12 noon, delivered to TA mailbox Course Description and Objectives This course is an introduction to the financial management of a business. Topics include techniques for the valuation of future cash flows and of financial assets such as stocks and bonds; rules for managing cash and allocating capital in the short run and long run while taking account of costs, returns and risks; and the role of financial markets in guiding or facilitating these decisions. After taking this class, you will – I hope – be able to better understand and discuss financial news, know about the central financial aspects of running your own business, be able to work in the finance department of a firm, and be prepared for more advanced studies in finance. Required...
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...Fundamentals of Economic Lorinda Davis ECON/372 August 7, 2012 George Edwards Fundamentals of Economic The fundamentals of economics consist of a many challenges in today’s society. There are six main points of economics the writer will discuss in this paper. The gross domestic product, the unemployment rate, the inflation rate, the real GDP, the interest rate, and the nominal rate. The GDP represents the dollar values of goods and service over a period of time. The gross domestic product is a measure of a country values based on good produced, services rendered, and government spending and the difference of exports minus the imports. The real GDP is the measure of the output that is acclimated for inflation or deflation. The nominal GDP is totally different that the change in price is not account for. Unemployment rate is the percentage of the American population that is able to work, but are currently out of work. The inflation rate is the percentage change in the increase of the price of goods and services. Lastly, the interest are define as an annual percentage divide by the principle balance owed by borrowed money. Purchasing of Groceries, Massive Layoff of Employment, and the Decrease of Taxes The financial activities provide the infrastructure for the U.S. economy. In part two the writer will consider how these affect the purchase of groceries, layoffs, and taxes. The government is one part the equation that makes the economics their financial activities may...
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...Reflection Summary Gene Kimball, Rachel Diaz, Nikki Smith ECON/372 June 1, 2014 Spyridon Patton Reflection Summary A supply chain is the system of organizations, people, activities, information, and resources required to put a product or service in motion. Activities of the supply chain change natural resources, raw materials, and components into a final product that is delivered to the consumer or customer. In some supply chains; used products can come back into the supply chain in a recycling value. In other words a supply chain is when all of the parties involved are directly or indirectly working for customers. This includes transportation, warehouses, retailers and customers. All of this creates a dynamic and constant flow of information. Walmart is a good example of a supply chain. When a customer buys a product is has been in inventory at the warehouse, delivered by a truck by the manufacturer who deals with packaging and raw materials. Supply and demand is an economic model of price determination in a market. For example, in a competitive market, the unit price for a specific good will vary until it settles at a point where the quantity demanded by consumers, at current price, will equal the quantity supplied by producers, at current price. This results in economic equilibrium for price and quantity. The supply and demand is controlled by the demand of a product, which in turn creates supply. The model shows where the point determines prices and quantities...
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...Reflection Summary Gene Kimball, Rachel Diaz, Nikki Smith ECON/372 June 1, 2014 Spyridon Patton Reflection Summary A supply chain is the system of organizations, people, activities, information, and resources required to put a product or service in motion. Activities of the supply chain change natural resources, raw materials, and components into a final product that is delivered to the consumer or customer. In some supply chains; used products can come back into the supply chain in a recycling value. In other words a supply chain is when all of the parties involved are directly or indirectly working for customers. This includes transportation, warehouses, retailers and customers. All of this creates a dynamic and constant flow of information. Walmart is a good example of a supply chain. When a customer buys a product is has been in inventory at the warehouse, delivered by a truck by the manufacturer who deals with packaging and raw materials. Supply and demand is an economic model of price determination in a market. For example, in a competitive market, the unit price for a specific good will vary until it settles at a point where the quantity demanded by consumers, at current price, will equal the quantity supplied by producers, at current price. This results in economic equilibrium for price and quantity. The supply and demand is controlled by the demand of a product, which in turn creates supply. The model shows where the point determines prices and quantities...
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...Fall 2012 Final Examination Schedule Exam Section(s) Day Date Start Finish Location 1 ACTSC 221 ACTSC 231 ACTSC 232 ACTSC 331 ACTSC 371 ACTSC 372 ACTSC 431 ACTSC 432 ACTSC 445 ACTSC 446 ACTSC 463 ACTSC 471 ACTSC 831 ACTSC 832 ACTSC 845 ACTSC 846 ACTSC 863 AFM 101 AFM 123 AFM 131 AFM 204 AFM 273 AFM 291 AFM 333 AFM 371 AFM 372 AFM 391 AFM 401 AFM 415 AFM 451 AFM 461 AFM 471 AFM 472 AFM 476 AFM 481 001 001,002 001 001 001 001 001 001 001 001 001 001,002 001 001 001 001 001 001 to 006 001 001 to 006 001 001 to 005 001 to 006 001 to 003 001,002 001 001 to 003 001 to 004 001 001 to 003 001 to 004 001 to 003 001 to 003 001,002 001 to 003 Tuesday Friday Friday Friday Thursday Saturday Saturday Thursday Tuesday Thursday Friday Saturday Saturday Thursday Tuesday Thursday Friday Monday Monday Thursday Friday Thursday Tuesday Tuesday Monday Monday Tuesday Thursday Friday Friday Monday Saturday Monday Saturday Thursday December 11, 2012 December 14, 2012 December 7, 2012 December 7, 2012 December 13, 2012 December 15, 2012 December 8, 2012 December 6, 2012 December 11, 2012 December 13, 2012 December 7, 2012 December 15, 2012 December 8, 2012 December 6, 2012 December 11, 2012 December 13, 2012 December 7, 2012 December 17, 2012 December 17, 2012 December 13, 2012 December 7, 2012 December 13, 2012 December 11, 2012 December 11, 2012 December 17, 2012 December 17, 2012 December 11, 2012 December 6, 2012 December 14, 2012 December 7, 2012 December 10, 2012 December 15, 2012...
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...Fundamentals of Macroeconomics James Ciminello ECO/372 May 8, 2013 William Thompson Fundamentals of Macroeconomics Part 1 - The following are terms used in macroeconomics. It is necessary to understand these terms when studying macroeconomics. All of these terms are according to W. W. Norton and Company, Inc. (n.d.), Gross Domestic Product (GDP) - “measures the total market value of all final goods and services produced in a country in a given year, plus exports, minus imports”. Real Gross Domestic Product – “the market value of final goods and services produced in an economy, measured in dollars adjusted for inflation”. Nominal Gross Domestic Product – “the value of gross domestic product in a particular year measured in that year’s prices”. Unemployment Rate – “the ratio of the number of people seeking employment to the total labor force”. Inflation Rate – “the rate of increase of the general level of prices”. Interest Rate – “the return a saver receives in addition to the original amount she deposited (loaned) and the amount a borrower must pay in addition to the original amount he borrowed”. Part 2 In the following examples it will be discussed how each affects government, households, and businesses. Additionally how the resources flow from one entity to another for each activity will be shown. Purchasing of groceries: When society purchases groceries it increases the demand for those particular items. An example would be if one was...
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...Weekly Reflection Economic Forecasting ECO/372 May 20, 2013 Jamey Burnett Economic Forecasting Economic Forecasting is a process, which is used for making predictions about the economy. Economic forecasting is used to predict Gross Domestic Product, inflation, and unemployment ("Us Department Of Commerce Bureau Of Economic Analysis", n,d.). Here is a list of resources that can be used to gather historical economic date as well as forecast data; Bureau of Economic Analysis, Bureau of Labor Statistics, U. S. Department of Labor, U. S. Census Bureau, National Association of Purchasing Managers, Survey Research Center, University of Michigan, Standard & Poor’s, S&P 500, and the Federal Reserve. In the report we will focus on the Bureau of Economic Analysis, quantitative and qualitative forecasting, and Bureau of labor statistics. Bureau of Economic Analysis Bureau of Economic Analysis is the federal agency responsible for measuring the United States economy. BEA is responsible for what is produced, what is earned and how it is spent ("What Is the U.S. Bureau of Economic Analysis?" 2012). BEA provides a variety of economic statistics concerning national, international, and regional economic activity. BEA also provides statistics decisions that are influenced by government officials, businesspeople, households, and individuals. The Bureau of Economic Analysis contains both quantitative and qualitative forecasting factors. The Bureau of Economic Analysis...
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...Does your career plan include a world of lifelong success? Program of Professional Studies THE CERTIFIED GENERAL ACCOUNTANTS ASSOCIATION OF BRITISH COLUMBIA We see more than numbers. Choose a career that places you on the path to lifelong success. It’s all about opportunity. Accounting professionals can work in any sector, anywhere in the world. And when you choose CGA, you’ll gain the leadership, problem-solving and technical skills that are sought after by organizations in the private, public and not-for-profit sectors. The CGA Program of Professional Studies gives you the tools to succeed in business, no matter where your career takes you. You’ll enter the workforce with the applied knowledge and demonstrated expertise that employers want, including specialized technical knowledge, sectorspecific competencies, problem-solving skills and the ethical integrity to lead. CGA’s competency-based curriculum is simply your best way to prepare for a rewarding career in financial management. Flexible study options and the freedom to choose the career you want CGA is all about choice. You choose the professional-studies path and real-world experience that best match your career goals and interests. We give you the skills and freedom to work in any type of organization, in any industry, at any level of management. With a CGA designation, your opportunities—both professional and personal, at home and around the world—are limitless. Take your place as a highly respected...
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...December 2015 - FINAL EXAMINATION SCHEDULE Please verify the location of your exam below. CAREFULLY ensure that you note the correct room according to your LAST NAME ACCT Sec Title ACCT 351 001 Intermediate Financial Acct 1 ACCT 351 Time Prof. FROM Dec 21 6 pm Tsang Aaa - Zzz GYM main gym 20-30 002 Intermediate Financial Acct 1 Dec 21 6 pm Tsang Aaa - Zzz GYM main gym 20-30 ACCT 351 003 Intermediate Financial Acct 1 Dec 21 6 pm Tsang Aaa - Zzz GYM main gym 20-30 ACCT 352 001 Intermediate Financial Acct 2 Dec 21 9 am Cecere Aaa - Zzz ENGTR 0100 ACCT 354 001 Financial Statement Analysis Dec 22 2 pm Scott Aaa - Zzz GYM Fieldhouse 28-31 ACCT 354 002 Financial Statement Analysis Dec 22 2 pm Scott Aaa - Zzz GYM Fieldhouse 28-31 ACCT 361 001 Management Accounting Dec 11 2 pm Parent Aaa - Zzz GYM main gym 1-11 ACCT 361 002 Management Accounting Dec 11 2 pm Parent Aaa - Zzz GYM main gym 1-11 ACCT 361 003 Management Accounting Dec 11 2 pm Parent Aaa - Zzz GYM main gym 1-11 ACCT 362 001 Cost Accounting Dec 17 2 pm Levy Aaa - Zzz GYM Studio 1 1-3 ACCT 385 001 Principles of Taxation Dec 15 2 pm Goldsman Aaa - Zzz GYM BLEACHERS 1-5 ACCT 385 002 Principles of Taxation Dec 15 2 pm Goldsman Aaa - Zzz GYM BLEACHERS 1-5 ACCT 453 001 Advanced Financial Accountin Dec 14 9 am Scott Aaa - Zzz GYM main gym ACCT 463 001 Management Control Dec 11 2 pm Levy Aaa - Zzz GYM Studio 2...
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...The American Economy By Charles R. Smith ECON/372 Juan Carlos Ginarte March 29, 2014 Abstract: The profound results on the American economy and how the government decision making controls rates and interest of importing and exporting goods and services. Furthermore, the issue of why importing and exporting is an absolute necessary component of the American income and why importing with other countries like China, Mexico, and Canada is of extreme importance; especially for America and its ever growing monetary deficit. The American Economy The American economy is a machine that runs off of the fluidity and cohesiveness of its people. The people must work together in order to better advance a rapidly growing population. This is done through various forms of economical business operations. Such operations are what control and or influence government choices on determined foreign exchange rates, surpluses of imported goods, and types of goods imported from other countries, specifically China. The economy’s population also has huge roles on international trades that explicitly affect Gross Domestic Product, also known as GDP, American markets, and the economy’s college students. The rate that our economy’s wealth grows or declines vs. how the rate of the population grows is determined on how well the government plays its proverbial money cards. The U.S. government and its choices on international relations and trade have fundamentally changed the way the U.S. operates...
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...A new report says that one-eighth of Australian people drinks at dangerous level (VOA news 2007), and alcohol related social problem is more and more severe in Australia recently. Many scholars put up with the idea to levy more tax to reduce the consumption of alcohol. The article ‘cheap wine the biggest culprit’ is focus on wine consumption to illustrate the call for tax reform. This essay is to explain three questions mentioned following by the article. Specifically, it further examines the suggestion for heavy tax on alcohol concerning the elasticities of demand for alcohol. Question 1: Using the data provided in the article, calculate the price elasticity of demand for alcohol. According to Jackson, McIver and Wilson (2012, p.153), own-price elasticity of demand which is simply know as elasticity of demand is a way to measure the sensitiveness of consumers’ demand to a change in the product’s price, and the formula to calculate it is the percentage change in quantity demanded of a good divided by the percentage change in its price. The law of demand illustrates that the price and quantity demanded are inversely related verifying from the down-sloping demand curve, therefore the own-price elasticity must be negative. However, it is conventional to ignore the negative sign, and simply use the absolute form of the elasticity of demand. In this article, it shows that for a 10 percent increase in price of alcohol could have about 5 percent decrease in consumption. According...
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...Product Purchases and the Economy Jose Velasco ECO/372 November 9, 2015 Matthew Mulyanto Product Purchases and the Economy Macroeconomics is a helpful resource for enabling understanding of factors that affect shifts in supply and demand and pricing of products. Macroeconomics can provide an understanding, for example, of how indicators such as inflation and interest rates can reflect the state of the economy, revealing its relative strengths or weaknesses. Information such as this can be extremely useful in determining whether one should buy a product such as a home, which would necessitate a mortgage and monthly payments. Economic Indicators and the State of the Economy Two economic indicators that reflect the strength of the economy are the inflation rate and interest rates. A stable and low inflation rate, for instance, is viewed worldwide as a necessary means to keeping the economy strong. Banks worldwide, including the U.S. Federal Reserve, the Bank of Japan, and the European Central Bank have published directives stating their primary objective for monetary policy as being “to maintain price stability” (Federal Reserve Bank of San Francisco, 2006). Others, such as the Bank of England, the Bank of Canada, and the Central Bank of Chile, have a similar goal to “keep inflation low and stable” (Federal Reserve Bank of San Francisco, 2006). Maintaining a stable inflation rate allows governments to strengthen their economies by ensuring...
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...------------------------------------------------- Course Syllabus Facilitator Name: Robert C. Paramo, MBA Course Name: Principles of Macroeconomics Course Number: ECO/372 Version 4 Group Number: SB12BSB02 Course Start Date: 01/24/2013 Course End Date: 02/21/2013 COURSE SCHEDULE: Workshop 1 – Jan. 24, 2013 Workshop 2 – Jan. 31, 2013 Workshop 3 – Feb. 07, 2013 Workshop 4 – Feb. 14, 2013 Workshop 5 – Feb. 21, 2013 COURSE LOCATION, DAY AND TIME: San Bernardino Learning Center, Thursdays, 6:00 p.m. to 10:00 p.m. REQUIRED READING: Students are required to read all materials available at the Course Materials site for this course on https://ecampus.phoenix.edu/portal/portal/public/login.aspx Whenever there is a question about what assignments are due, please remember this syllabus is considered the ruling document. Copyright Copyright ©2009 by University of Phoenix. All rights reserved. University of Phoenix© is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft©, Windows©, and Windows NT© are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix© editorial standards and practices. Policies Students/learners will...
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