Economics Resources (page 8)
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Understanding the Concept of Opportunity Cost
A key concept in Economics is that of Opportunity Cost .
The definition of Opportunity Cost is the benefit of the next best alternative
forgone . For instance, if you have 2 hours...
Macroeconomics
These model answers should give students a basic idea of the style of writing that is expected of them in an exam:What is globalisation? [2-4
marks] - The processes that have resulte...
Should we fear the fall in the value of the £?
Since Britain voted for Brexit in June 2016, we have seen a significant
decline in the value of the UK currency. Economic theory suggest that this will
benefit the country, as impor...
The Pursuit of Climate Protection and the Uneven Distribution of Clean Development Mechanism (CDM) Projects: Lesson from Least Developed Countries (LDCs)
AbstractIn this modern era of climate protection, the need for climate justice in the distribution of projects
cannot be neglected or postponed. While the pursuit of climate and envi...
Measurement of Liquidity-Adjusted Market Risk by VaR and Expected Shortfall: Evidence from Turkish Banks
Due to its known weaknesses Value at Risk (VaR) has been modified to have a
better market risk measurement model. 2007-2008 global financial crisis has
increased the necessity to in...
An Empirical Examination of the Stock Return Dynamics of Developed, Emerging and Frontier Markets
Over
the past five decades, there has been an increasing interest in investigating
the theoretical and empirical basis for Efficient Market Hypothesis (EMH).
Generally, the EMH is ...
“Adhering to the Gold Standard constrained economic policy during the Great Depression”
The US’ defense of gold standard parity during early 1930s has often been
considered amongst the major causes of the Great Depression, as pointed out by
Bemanke and James (1991...
Adhering to the Gold Standard constrained economic policy during the Great Depression” – a case study of the UK and the US
The US’ defense of gold standard parity during early 1930s has often been
considered amongst the major causes of the Great Depression, as pointed out by
Bemanke and James (1991...
Do we have stable mental states, such as beliefs and desires? Or do we invent these moment-by-moment?
Do
we have stable underlying beliefs and desires? Or do we invent them each moment?
Do we have the mental depths implied by the former, or do we make up our minds
as we go along? ...
Aspects of Globalisation
Globalisation.Globalisation is defined as the freedom and ability of individuals to initiate voluntary economic transactions with residents of other countries. Aspects of Globalisatio...
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