...American University of Science &Technology Faculty of Business and Economics Department of Finance Course Syllabus (FIN 460) - International Finance – M.W. Fall 2014-2015 Course Description The subject matter of international finance is concerned with the monetary and macro-economic relations between countries. International finance is a constantly evolving subject that deals very much with real world issues such as balance of payments problems and policy, the causes of exchange-rate movements and the implications of macro-economic linkages between countries. Credit : 3 hours Prerequisites By course :Fin 350- Financial Markets & Institutions Eco 202- Macroeconomics Textbook : Fundamentals of Multinational Finance, 4th edition, 2012. Moffet/Stonehill/Eitman, Pearson, Prentice Hall. Supportive text : International Financial Management, Bekaert,Hodrick International Money and Finance: 7th edition by Michael Melvin Instructor : George El Kazzi, MMB Office Hours : M.W.F. from 6-7 pm E-mail : gkazzy@aust.edu.lb kazzifinance@yahoo.com Business Division e-mail: business.div@aust.edu.lb ________________________________________________________________________ Course Objectives To study the role that international trade and investment, currency movements...
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...government intervention in the economy. This includes tax policy, labour andenvironmental law, trade restrictions, tariffs, and political stability. Under Economic factor iseconomic growth, interest and inflation rates. These factors directly affect the cost of capitalin business operation as well as the costs in exporting goods and the supply and price of theimported goods in the economy. Social factors include cultural aspects, population growthrate, health consciousness and age distribution while... PEST Analysis The PEST analysis is a useful tool for understanding market growth or decline, and as such the position, potential and direction for a business. A PEST analysis is a business measurement tool. PEST is an acronym for Political, Economic, Social and Technological factors, which are used to assess the market for a business or organizational unit. Political The political area has a huge influence upon the regulation of a business and the spending power of consumers and other businesses. Before I put my product on the market I need to consider issues such as: Tax policy: I will need to look at certain levels of tax. If tax is high it can affect the incomes of customers and it might affect their buying power for my product. Employment laws: when producing my product I will need to take note of employment laws. There are many employment laws like the safety of employees. I will have to make sure the environment they work in is a safe...
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...TO THE PAST 3 A Cultural Framework: The Economic Facet. The Social Facet. The Political Facet. P eople, Management, and Organizations: The Human Being. Organizations and Management. MANAGEMENT BEFORE INDUSTRIALIZATION 15 Management in Early Civilizations: The Near East. The Far East. Egypt. The Hebrews. Greece. Rome. The Catholic Church. Feudalism and the Middle Ages. The Revival of Commerce. T he Cultural Rebirth: The Protestant Ethic. A Criticism of the Weberian Thesis. Modern Support for Weber. The Liberty Ethic. The Market Ethic. THE INDUSTRIAL REVOLUTION: PROBLEMS AND PERSPECTIVE The Industrial Revolution in England: The Age of Machines. Management: the Fourth Factor of Production. M anagement Problems in the Early Factory: The Search for Managerial Talent. The Labor Problem. The Shortage of Skilled Labor. Training. Discipline and Motivation. Management Functions in the Early 42 Xll CONTENTS Factory. Cultural Consequences of the Industrial Revolution: The Condition of the Worker. Child and Female Labor. MANAGEMENT PIONEERS IN THE FACTORY SYSTEM Robert Owen: The Search for a New Harmony: Early Managerial Experiences. The Call for Reform. Charles Babbage: The Irascible Genius: The First Computer. Analyzing Industrial Operations. Andrew Ure: Pioneering in Management Education: Principles of Manufacturing. Charles Dupin: Industrial Education in France: The Pioneers: A Final Note. EARLY AMERICAN MANAGEMENT Antebellum Industry...
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...theory, symbolic interactionism, phenomenology and ethnomethodoly. However, macro sociologists take a deterministic approach, as they believe that our actions are determined by society. Macro theories include Functionalism and Marxism, who see individuals as puppets, under the control of social structures. One micro approach to sociology is Weber’s social action theory. According to Weber, in order to understand human behaviour, we must take into account both the level of structural cause, and the level of subjective meaning that individuals attach to their actions. Weber argues that there are an infinite number of subjective meanings that actors give to their actions; however he attempts to classify actions into four types. Instrumentally rational action refers to action that is driven by a given goal, in order to achieve through the most efficient means. Value rational action involves action towards a goal that the actor regards as desirable, for example worshipping god in order to get to heaven. Unlike instrumentally rational action, there is no way of calculating whether the means of achieving the goal are effective. Traditional action involves habitual or routine actions. Weber argues that this type of action is not rational as no conscious thought has gone into it. Finally affectual action refers to any action that expresses emotion, for example an act of violence provoked by anger. Weber notes that affectual action is important in religious and political movements, who...
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...The automobile and parts industry of Pakistan is dynamic industry which is driven by consumer choice, comfort, safety and design. This industry comprises of two and three wheelers manufacturers and assemblers of motorcycles, motorcars and other light commercial vehicles. The automobile and parts sector of Pakistan is one of the highly traded sectors in the Karachi stock exchange with a turnover of Rs.12, 631,750 (in 10th October 2014). Pakistan’s automobile and parts sector came into existence sometime around 1953 when national motors limited established a plant in Karachi to manufacture Bedford trucks which was the first output to be produced from this industry and since then buses, cars, and motorcycles have been added to the portfolio of this industry. The industry is comprised of several large and medium sized companies however the majority of sales in the industry comes from the three major players Pak Suzuki Motors Co Ltd, Honda Atlas Motors and Toyota Indus Motors. The current investment in this industry accounts for Rs 92 billion and contributes to 2.8% of the country’s gdp. The industry is a host to providing employment to 3.5 million people and is also playing a vital role in establishing a significant vendor industry. The automobile and parts industry of Pakistan was a star performing industry during 2000 to 2005 but bad governance and infrastructure frailties have caused the growth of this sector to decline and has lead this industry into all sorts of trouble. The...
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...PRINCIPLES OF MARKETING NOTES BST 2220 LECTURER: MS CHEGE PRINCIPLES OF MARKETING Marketing is a discipline that identifies customer needs and wants, determines which target markets the organization can serve best and designs appropriate products, services and program to serve these markets. It is a philosophy that guides the entire organization. Marketing aims to create customer-satisfaction profitably through a constant relationship with the target customers and timely production of products and services. However, the marketing department cannot do all these alone; hence, it works with other departments and their team members in the organization. Therefore, it is the total business activities that must be executed by all and sundry in the organization and maintain a good relationship with the outside world. LESSON 1: INTRODUCTION TO MARKETING This course is principally concerned with management and exchange and the process between a firm and its customers. A firm offers a product or a service to the potential customer who has a need for it. The marketing process matches the firm s offer and the customer s need in such a way that both benefit one in terms of profit and the other in terms of need satisfaction. OBJECTIVES peninahwchege@gmail.com Page 1 PRINCIPLES OF MARKETING NOTES BST 2220 LECTURER: MS CHEGE After studying lesson 1, you should be able to: i. Define the term marketing ii. Outline the concepts of needs, wants and demands iii. Discuss the importance of marketing...
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...Econometrics (Economics 360) Syllabus: Spring 2015 Instructor: Ben Van Kammen Office: Krannert 531 Office Hours: Friday, 10 a.m.-noon Email: bvankamm@purdue.edu Meeting Location: KRAN G010 Meeting Days/Times: TR 1:30-2:45 p.m. (001) TR 3-4:15 p.m. (002) TR 4:30-5:45 p.m. (003) Course Description This is an upper division economics course required for students pursuing a BS in economics. It is one of the few courses that explicitly covers empirical methods, i.e., the analysis of observed economic behavior in the form of data. Empirics stand in contrast to theory, e.g., micro and macro, about how agents behave. Despite this under-representation, empirical analysis comprises a large part of economists’ workload and is one of the most practical skills that an economics student can learn. Course Objectives In this class students will: 1. perform statistical and practical inference based on the results of empirical analysis, 2. identify useful characteristics of estimators, e.g., unbiasedness, consistency, efficiency, 3. state predictions of theoretical economic models in terms of testable hypotheses, 4. model economic relationships using classical methods, such as Ordinary Least Squares, derive the properties of estimators related to these methods, and 5. perform estimation using methods discussed in class using software, 6. perform diagnostic tests that infer whether a model’s assumptions are invalid, 7. evaluate empirical models based on whether their resulting estimators...
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...some of the key ideas of marketing and is suitable for both marketing and non-marketing students. It examines the environment within which organisations operate and the role of marketing within the organisation in order for students to be fully able to understand the context within which marketing personnel work, and the different activities which are carried out under the umbrella term of ‘marketing’. Concepts central to an understanding of marketing are considered: 4 P’s (product, price, promotion and place), segmentation, targeting and positioning, services marketing and buyer behaviour. * Develop a basic understanding of the key concepts of marketing; & * Understand business functions and the engagement with micro and macro environments. 3. Format of delivery One hour lecture and one hour tutorial each week. 4. The StudyNet site for this module will be employed to post relevant and important information. Please check it regularly for lecture slides, tutorial and test materials, general news items, etc. 5. (a) Weekly programme:...
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...Faculty of Arts and Social Sciences School of Economics ECOS2002 Intermediate Macroeconomics Semester 1, 2015 Unit of Study Outline Unit Coordinator: Dr. Stella Huangfu Location: Room 339, Merewether Building Email address: stella.huangfu@sydney.edu.au Phone: +61-2-9036 9311 Consultation Hours: Thursdays 2-4 pm or other times by appointment. Tutors: Email address: Consultation Hours: Class times: Thursday 11am-1pm Venue: Bosch Lecture Theatre 2 This Unit of Study Outline MUST be read in conjunction with the Faculty of Arts and Social Sciences Student Administration Manual (http://sydney.edu.au/arts/current_students/student_admin_manual.shtml) and all applicable University policies. In determining applications and appeals, it will be assumed that every student has taken the time to familiarise themselves with these key policies and procedures. [ECOS2002 Intermediate Macroeconomics] UNIT DESCRIPTION This unit of study develops models of the goods, money and labour markets, examines issues in macroeconomic policy. Macroeconomic relationships, covering consumption, investment, money and employment, are explored in detail. Macro-dynamic relationships, especially those linking inflation and unemployment, are also considered. Exchange rates and open economy macroeconomics are also addressed. In the last part of the unit, topics include the determinants and theories of economic growth, productivity and technology, the dynamics of the business cycle, counter-cyclical...
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...02. ECONOMIC SYSTEMS – DEFINITIONS AND CHARACTERISTICS - CAPITAL ECONOMY – SOCIALIST ECONOMY – MIXED ECONOMY C. ECONOMIC SYSTEMS i) Circular Flow of Goods and Money in an Economic System Every economy is a system in which the production of many goods is organized to satisfy many wants of human beings. In an economic system, the two economic units namely households and enterprises are linked by a circular pattern of economic activities as illustrated in Figure 1.1.The choices and decisions of these two main units are the deriving forces of economic activity. Money Payments for Consumer Goods and Services Consumer Goods and Services-Food, Clothing etc (Output of Business Sector) HOUSEHOLDS 1) Consume final goods and services produced by business sector. 2) Provide inputs (labour and BUSINESSES OR ENTERPRISES 1) Provide goods and services to consumers. 2) Use resources (inputs) provided by households. capital) to business firms. Economic resources–land, labour and capital (inputs of business sector) Money: Payments Goods, Services, Resources and Money Salaries, in a Simpleand Profit Figure The flow of for Resources-Rent, Wage and Payments Interest Economy Fig. 1.1: The Flow of Goods, Services, Resources and Money Payments in a Simple Economy. In their households, people make two sets of decisions: a) selling the inputs they own, primarily their labour and b) buying goods with their incomes. The enterprises or businesses engage in production, using the labour and other inputs...
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...BANK OF SAN FRANCISCO WORKING PAPER SERIES Macro-Finance Models of Interest Rates and the Economy Glenn D. Rudebusch Federal Reserve Bank of San Francisco January 2010 Working Paper 2010-01 http://www.frbsf.org/publications/economics/papers/2010/wp10-01bk.pdf The views in this paper are solely the responsibility of the authors and should not be interpreted as reflecting the views of the Federal Reserve Bank of San Francisco or the Board of Governors of the Federal Reserve System. Macro-Finance Models of Interest Rates and the Economy Glenn D. Rudebusch∗ Federal Reserve Bank of San Francisco Abstract During the past decade, much new research has combined elements of finance, monetary economics, and macroeconomics in order to study the relationship between the term structure of interest rates and the economy. In this survey, I describe three different strands of such interdisciplinary macro-finance term structure research. The first adds macroeconomic variables and structure to a canonical arbitrage-free finance representation of the yield curve. The second examines bond pricing and bond risk premiums in a canonical macroeconomic dynamic stochastic general equilibrium model. The third develops a new class of arbitrage-free term structure models that are empirically tractable and well suited to macro-finance investigations. This article is based on a keynote lecture to the 41st annual conference of the Money, Macro, and Finance Research Group on September 8,...
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...Vietnam National University – HCMC International University SCHOOL OF BUSINESS ADMINISTRATION COURSE SYLLABUS[?] BA121IU International Economics Note: The outline with specific venue and time, and updated learning materials for the current semester will be provided to the enrolled students by the lecturer 1. COURSE STAFF Lecturer: Ho Nhut Quang. Ph.D Room: A.401 Telephone: 0903339767 E-mail: hnquang@hcmiu.edu.vn Consultation Hours: 13h.00- Mondays - Thursdays Teaching Assistant: TBA Room: TBA Telephone: TBA E-mail: TBA Consultation Hours: TBA Should the students wish to meet the staff outside the consultation hours, they are advised to make appointment in advance. 2. COURSE INFORMATION 2.1 Teaching times and Locations Lecture: TBA Venue: TBA 2.2 Units of Credit This course is worth 3 credits. 2.3 Parallel teaching in the course There is no parallel teaching involved in this course. 2.4 Relationship of this course to others The International Trade course focuses on two main parts. The first part deals with international trade theories and policies among countries. And the second part mentions the problems international monetary. Both parts utilize many concepts and knowledge from the courses of Microeconomics and Macroeconomics. Theoretical analysis will be based on the demand and supply model, the concepts of consumer...
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...Introduction to Management Tutorial Work – Academic Year 2013 TABLE OF CONTENTS Overview ................................................................................................................................................. 3 Assessment ............................................................................................................................................. 4 Tutorial Activities .................................................................................................................................... 6 Session 1 ................................................................................................................................................. 6 Session 2 ................................................................................................................................................. 7 Session 3 ................................................................................................................................................. 7 Session 4 ................................................................................................................................................. 8 Session 5 & 6 ........................................................................................................................................... 8 Session 8 ................................................................................................................................................. 9...
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...and $10,000 per year.) From 2000 to 2008, the BRIC countries' combined share of total world economic output rose from 16 to 22 percent. Together, the BRIC countries accounted for 30 percent of the increase in global output during the period. As BRICS observed as emerging market, many investors recognize the potentially attractive return characteristics and diversification benefits of this asset class. However, most pension plans and other institutions currently allocate less than 5% of their overall portfolio to emerging market equities. In Russia there is by now momentous verification of the growth of consumerism throughout the history decade. Parallel trends are observing in China and India, where middle classes growth is very quick. It is anticipated that within a decade, each of BRIC countries will demonstrate higher profits, amplified demand for capital, and stronger state currencies. As a result, overseas firms will desire to observe foremost financial pointers, as Purchasing Power Parity, Gross National Income and Human Development Index, in addition to developments in the cultural, political, and legal environments of those countries The BRIC thesis posits that China and India will become the world's dominant suppliers of manufactured goods and services, respectively, while Brazil and Russia will become similarly Dominant as suppliers of raw materials. It's important to note that the Goldman Sachs thesis isn't that these countries are a political alliance (like the...
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...International Journal of Business and Social Science Vol. 5, No. 6(1); May 2014 Business Endeavours in Savoury Snack Industry: Old Chang Kee Kumaran Rajaram, PhD Division of Strategy, Management & Organization Nanyang Business School Nanyang Technological University 50 Nanyang Avenue Singapore 639798 Abstract This Case Depicts How The Macro And Competitive Environmental Elements In An Evolving Snack Market Shape The Strategies And Performance Of A Growth Savoury Snack Business To (A) Maintain Loyal Clientele And Attract New Customers; (B) Addressing The Rapid And Continuous Environmental Issues; (C) Intense Competition From Rivals; And (D) Rising Expectations From Customers. Old Chang Kee (Ock) Has Rose From Its Humble Beginning From A Small Stall In A Coffee Shop In 1956 And Established Itself Prominently In 1986, When The Control Of Business Was Taken Over By Han Kee Juan (Executive Chairman Of Ock). In 2013, After About 27 Years, Ock Has Well-Established Its Brand Name And Reputation, Where It Markets Its Range Of Snack Products Through Retail Outlets At Petrol Kiosks And Shopping Malls. Over The Years, Ock’s Efforts In Modernizing And Re-Enginnering The Business Have Assisted In Accomplishing The Business Goals In Upgrading Of The Production Facility, Increasing The Number Of Business Outlets And Specializing In The Manufacture Sales Of A Wide Range Of Very Affordable High Quality Food Products. Ock Experienced Soaring Business Operation Volumes...
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