EduRN: Economics Education (ERN) (Topic)最新文献

{"title":"The Decline of Manufacturing in the U.S. Economy: Impacts of China's ‘Trade Shock’, Trump's Protectionist Tariffs, and the Drivers of Manufacturing Job Losses (Presentation Slides)","authors":"Serge L. Wind","doi":"10.2139/ssrn.2919986","DOIUrl":"https://doi.org/10.2139/ssrn.2919986","url":null,"abstract":"The long-term declining role of manufacturing in the U.S. economy – reflecting a shift of the economy after World War II to a post-industrial orientation with an increased emphasis on services – was accelerated by the effects on manufacturing jobs and trade deficits of President Reagan’s budget deficits in the 1980s and China’s recent trade penetration. Similarities of Reagan’s policies to President Trump’s proposed protectionist tariffs and the cross-border corporate tax reform advocated by House Republicans in February 2017 suggest a possible partial reversal of the long-term job decline, but the ensuing major dislocations in jobs are unlikely to lead to a net increase in manufacturing jobs. \u0000The magnitude and fast pace of China’s import penetration, coupled with anemic demand for domestic goods and high productivity gains in American factories, are associated with the 33 percent decline of 5.7 million domestic manufacturing jobs in the 2000-10 period – the largest loss in a decade in U.S. history. The effects on manufacturing employment associated with trade, domestic demand, and productivity strongly suggest that the largest impact – accounting for over 85 percent of total manufacturing jobs lost in the 2000s – is attributable to technological advances in U.S. factories sustaining productivity gains, with trade a relatively minor contributory factor, when viewed from the long-term perspective. The superior productivity gains, as well as the vaunted growth in real value-added output, associated with manufacturing are driven by the performance of its computer and electronic products industry, representing only 13 percent of total manufacturing value added. \u0000China’s trade competition challenged the prevalent assumption, based on bilateral trade pacts after World War II, suggesting that economies recover from ‘trade shocks’ by displaced workers shifting into higher-productivity export industries. Free trade agreements and China’s trade penetration – with the benefits not evenly distributed in the U.S. – are associated with the geographically-concentrated and unexpected political results of the November 2016 elections.","PeriodicalId":409545,"journal":{"name":"EduRN: Economics Education (ERN) (Topic)","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129620716","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Jetblue Story","authors":"E. N. Weiss, Marlene Friesen","doi":"10.1108/CASE.DARDEN.2016.000312","DOIUrl":"https://doi.org/10.1108/CASE.DARDEN.2016.000312","url":null,"abstract":"This case outlines the history of JetBlue Airways, from its inception, in 2000, until 2004. The case provides details of JetBlue's business model and reasons for success. It can be used in a course on service operations or strategy.","PeriodicalId":409545,"journal":{"name":"EduRN: Economics Education (ERN) (Topic)","volume":"113 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133605417","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Musictoday, Llc: Implementing a Periodic Review Inventory System","authors":"Timothy M. Laseter, Jay Ashton, Vincent Gu","doi":"10.1108/CASE.DARDEN.2016.000208","DOIUrl":"https://doi.org/10.1108/CASE.DARDEN.2016.000208","url":null,"abstract":"Musictoday is a unique company that provides on-line retailing services for such clients as the Dave Matthews Band and the Rolling Stones. But the lack of a formal inventory-management process has Musictoday concerned about stock-outs and lost sales in the future. This case introduces students to the Periodic Review System, and provides an opportunity to link the optimal review period with the EOQ concept.","PeriodicalId":409545,"journal":{"name":"EduRN: Economics Education (ERN) (Topic)","volume":"73 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121620050","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Our Daily Bread Co","authors":"Kamalini Ramdas","doi":"10.1108/CASE.DARDEN.2016.000224","DOIUrl":"https://doi.org/10.1108/CASE.DARDEN.2016.000224","url":null,"abstract":"Our Daily Bread wasa small boutique bakery, producing a variety of daily and specialty breads. The company had excess capacity and was considering several options to increase revenues by entering the wholesale bread production business. The case allows students to perform process analysis in a multi-product setting with seasonal demand and evaluate the impact on capacity--as well as the profitability of--potential wholesale orders. The case also enables analysis of the option to purchase new equipment. This case is available in a multimedia CD version that highlights the stages in bread making and provides a bird's eye view of the entire operation. (UVA-OM-1018M).","PeriodicalId":409545,"journal":{"name":"EduRN: Economics Education (ERN) (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114311379","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Radnet, Inc.: Financing an Acquisition","authors":"Susan J. Chaplinsky, Alex Droznik","doi":"10.1108/CASE.DARDEN.2016.000246","DOIUrl":"https://doi.org/10.1108/CASE.DARDEN.2016.000246","url":null,"abstract":"This case examines issues surrounding the choice of financing arrangements for the acquisition of Radiologix in July 2006. The case follows Mark Stolper, the CFO of RadNet, as he considers how to raise the $363 million in funds necessary to finance the acquisition. When completed, the combined firms will be the largest private diagnostic-imaging provider in the United States. When Stolper joined RadNet in 2003, he confronted a company with “too much debt, and the wrong kind of debt.” His goal is to finance the acquisition in a way that further enhances the financial strength and operating flexibility of the company. Given the large size of funding required, the firm is unlikely to be able to fund the entire transaction with first-lien or bank debt. His financial advisors differ in their recommendations for how to raise the remaining funds—one suggests using second-lien debt, and the other, high-yield debt. \u0000 \u0000The purpose of the case is to familiarize students with frequently encountered types of debt financing that are used to finance mergers and acquisitions and other corporate transactions. The case provides information on the distinctions among first-lien, second-lien, and high-yield debt in relation to their price, availability, flexibility of covenants, repayment ease, and composition of likely investors. The case is designed for use in courses that cover corporate financing, M&As, and debt financing.","PeriodicalId":409545,"journal":{"name":"EduRN: Economics Education (ERN) (Topic)","volume":"168 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115470982","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Saying What Needs to Be Said: Role-Plays","authors":"M. Davidson","doi":"10.1108/CASE.DARDEN.2016.000272","DOIUrl":"https://doi.org/10.1108/CASE.DARDEN.2016.000272","url":null,"abstract":"This case was designed to build expertise in conflict management and assertiveness by allowing students to practice saying what needs to be said in challenging situations. Grounded in the pedagogy of experiential learning, the case consists of three role-play scenarios that exemplify three challenging business situations. In each scenario, two individuals are faced with a possible difference in perspective or goals. The role-play requires students to assume the role of one of the individuals, and each scenario requires another student to initiate the discussion.","PeriodicalId":409545,"journal":{"name":"EduRN: Economics Education (ERN) (Topic)","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-02-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127845653","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Medimedia International, Ltd","authors":"R. Bruner","doi":"10.1108/CASE.DARDEN.2016.000194","DOIUrl":"https://doi.org/10.1108/CASE.DARDEN.2016.000194","url":null,"abstract":"In February 1991, the managers of this multinational specialty publishing company proposed to take the company private in a leveraged buyout (LBO). In addition to the ordinarily interesting features of the typical LBO, this transaction was the first to be denominated in ECUs and one of the few in which the managers provided all the equity financing. The tasks for the student are to value the company and evaluate the attractiveness of the transaction from the standpoints of seller, senior lender, mezzanine lender, and equity investor/manager. The case can be used to (1) exercise students' skills in valuing a highly leveraged company, (2) illustrate how deal structuring can mitigate potential agency problems, and (3) explore the problems and possible solutions associated with financing a global firm.","PeriodicalId":409545,"journal":{"name":"EduRN: Economics Education (ERN) (Topic)","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-02-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127044433","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Zimbabwe: Grappling with Hyperinflation","authors":"P. Debaere","doi":"10.1108/CASE.DARDEN.2016.000358","DOIUrl":"https://doi.org/10.1108/CASE.DARDEN.2016.000358","url":null,"abstract":"This case will lead students to a discussion of the causes and effects of hyperinflation. The link with fiscal deficits is explored, and so is the link with societal changes. The particular focus is on the hyperinflation in Zimbabwe under President Robert Mugabe whose government implemented a controversial land redistribution program. The case can be taught with a class experiment -- see teaching note.","PeriodicalId":409545,"journal":{"name":"EduRN: Economics Education (ERN) (Topic)","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121855967","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Euro Disney or Euro Disaster?","authors":"L. Grayson, Golnar Sheikholeslami, Kunihiko Amano, Thomas Falck, Virginia Kleinclaus","doi":"10.1108/CASE.DARDEN.2016.000110","DOIUrl":"https://doi.org/10.1108/CASE.DARDEN.2016.000110","url":null,"abstract":"This case concerns the troubles that Euro Disney experienced from the start. Euro Disney claimed that the major cause of its poor financial performance was the European recession and the strong French franc. The timing of the park's opening could not have been more inopportune. If the recession had been the only cause of Euro Disney's problems, the financial restructuring would only need to carry the park forward to better economic times. Only when Europeans began spending freely again would investors learn the answers to some uncomfortable questions: Was the whole idea of Euro Disney misconceived? Were there other fundamental cultural problems that could inhibit the park's success? Would Euro Disney fail to recover even though other European companies did? And, if so, why was the Disney theme-park concept successful in Japan and not in France?","PeriodicalId":409545,"journal":{"name":"EduRN: Economics Education (ERN) (Topic)","volume":"99 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-01-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114348712","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Papua New Guinea Economics Graduate Exit Survey","authors":"Michael Cornish","doi":"10.2139/SSRN.2907811","DOIUrl":"https://doi.org/10.2139/SSRN.2907811","url":null,"abstract":"To date, little detailed research has been undertaken on the university experience of students in Papua New Guinea, or their career preferences and expectations; this type of research is ordinarily canvassed in graduate exit surveys. This study addresses this gap by analysing and discussing the results of a graduate exit survey of a small cohort of final year undergraduate economic students at the University of Papua New Guinea, whom the author was lecturing. Most graduates sought to be employed within the public sector in Port Moresby, but a sizeable minority sought to run their own businesses. This highlights the need for the only economics degree in Papua New Guinea to expand its focus beyond economic theory to practical policy-making and entrepreneurial skills. Despite the fragility of the current economic environment in Papua New Guinea, graduating economics students were optimistic about their likelihood of employment, if demonstrating quite mixed confidence about the level of knowledge and skills they acquired from their degrees. Particularly concerning were the open criticisms from respondents about the quality of the education they received.Whilst this study was small in scope, it provides useful insights on enhancing the student educational experience at the University of Papua New Guinea and other Papua New Guinean universities.","PeriodicalId":409545,"journal":{"name":"EduRN: Economics Education (ERN) (Topic)","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-01-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114861562","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}