{"title":"Dogloo and Opportunity Capital Partners","authors":"G. Fairchild, M. Jamison","doi":"10.1108/CASE.DARDEN.2016.000096","DOIUrl":"https://doi.org/10.1108/CASE.DARDEN.2016.000096","url":null,"abstract":"Lewis Byrd, a partner in the private-equity firm Opportunity Capital Partners, is managing a number of interconnected issues. First, in his role as investment professional (responsible for the firm's investment in a doghouse-manufacturing company called Dogloo), he has to manage a relationship with an entrepreneur who has behaved in a way that has made co-investors nervous about his skills as a CEO. The CEO, Aurelio Barretto, is a Cuban immigrant who has established a close, confiding relationship with Byrd, an African American. Barretto has increasingly relied on Byrd to run interference for him with the other firm, while providing the strategic advice that typically supports an investor-entrepreneur relationship. Another issue is a potentially costly lawsuit involving copyright infringement brought by a larger, well-funded competitor in the pet-products market. Byrd has to manage these volatile relationships while determining what's best for his firm from an investment standpoint and how best to advise Barretto to proceed. This case provides students with insights into the challenges that can occur in private-equity investing after the financial deal has been struck. The case also provides information about the technical and legal structures of private-equity financings.","PeriodicalId":409545,"journal":{"name":"EduRN: Economics Education (ERN) (Topic)","volume":"66 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-01-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114676381","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":"Coleco Industries, Inc","authors":"R. Bruner, Casey Opitz","doi":"10.1108/CASE.DARDEN.2016.000074","DOIUrl":"https://doi.org/10.1108/CASE.DARDEN.2016.000074","url":null,"abstract":"This case allows students to act as chief financial officer in trying to determine how Coleco can fend off its creditors. Coleco is in default on its loans and is in a negative-equity position. A student worksheet file is available for use with this case.","PeriodicalId":409545,"journal":{"name":"EduRN: Economics Education (ERN) (Topic)","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-01-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121482039","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":"Systemic Approach to Learning Terms: Typology of Economic Terms","authors":"R. Anisimov","doi":"10.2139/ssrn.2890886","DOIUrl":"https://doi.org/10.2139/ssrn.2890886","url":null,"abstract":"The paper aims to demonstrate in what way the systemic approach to the study of economic terms solves certain teaching-learning problems. Knowledge has a systemic nature. The systemic nature of knowledge is revealed through a system of concepts or phenomena, which, in their turn, are expressed through a system of terms. The systemic nature of the term can be viewed both from the point of view of the expression plane and from the point of view of the content plane (e.g. monosemantic/polysemantic terms; key/peripheral terms; abstract/concrete terms; borrowed/native terms; metaphor-based terms, etc.) and from the point of view of their functioning (national/regional/international). The systemic characteristics of economic terms are numerous, and all of them should be considered in detail if academic success is a desired outcome.","PeriodicalId":409545,"journal":{"name":"EduRN: Economics Education (ERN) (Topic)","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123464359","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":"Evidence Base for Labour Migration Analysis and Policy (Presentation Slides)","authors":"P. Wickramasekara","doi":"10.2139/ssrn.2887248","DOIUrl":"https://doi.org/10.2139/ssrn.2887248","url":null,"abstract":"This presentation focusses on use of labour migration data and statistics for analysis and policy. It highlights that knowledge and information are critical to formulate, implement and evaluate labour migration policy and practice as highlighted in a number of recent global initiatives. Labour migration information is a subset of broader labour market information and labour statistics, involving both quantitative and qualitative aspects. This means that the International Labour Organization (ILO) has to play a leading role in promoting the generation of quality statistics on migration statistics. Better migration information can contribute to informed debates on immigration and emigration policies, protection of migrant workers and improvement of policies for better migration governance. The major criteria to evaluate migration statistics are: accuracy and reliability, timeliness, coverage, consistency, comparability and access and transparency.The presentation identifies major policy needs for migration statistics and information in origin and destination countries. Then it goes on to highlight major gaps between policy requirements and available statistics. These relate to: protection data covering conditions of work of migrant workers and OSH statistics; incidence, and impact of irregular migration, and protection status of those in irregular status; contribution of migrant workers to host economies; profile and contributions of diaspora communities; skilled mobility and brain drain; integration status of temporary and permanent migrants; and return migration and circular migration.The presentation then highlights a number of examples from ILO and other interventions to generate data linked to migration policy making. It points out that even available data are not being effectively used for policy making. At the same time, the misuse and abuse of migration data for political and xenophobic purposes should be avoided. The presentation concludes with a number of recommendations for better use of migration information for policy making: close interaction and coordination among data producers and users, timely delivery, appropriate modes of dissemination, involvement of concerned stakeholders for lobbying and advocacy, and promotional role by international agencies.","PeriodicalId":409545,"journal":{"name":"EduRN: Economics Education (ERN) (Topic)","volume":"49 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126577517","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":"An Introductory Microeconomics In-class Experiment to Enhance Critical Thinking and the Integration of Modern Theory","authors":"David G. Raboy","doi":"10.2139/ssrn.2816949","DOIUrl":"https://doi.org/10.2139/ssrn.2816949","url":null,"abstract":"This paper presents an in-class experiment used as a teaching tool in an introductory microeconomics class at the undergraduate college level. It is directed at a critical but challenging concept for principles students — constrained utility maximization and a methodology to intuit preferences. The experimental project is nested in the literature pertaining to the current transition in microeconomic theory motivated by contributions from behavioral economics and transactions-cost economics, among other elements; modern pedagogical models; experimental economics; and experiments as in-classroom teaching tools. While not dispositive as to the general efficacy of in-class experiments, the paper provides an example of an alternative instructional approach which is helpful to students under strictly defined protocols. The benefits to students include heightened understanding of the core subject topic, greater interest in the subject matter, a closer connection to real-world economics, and enhanced critical thinking capabilities.","PeriodicalId":409545,"journal":{"name":"EduRN: Economics Education (ERN) (Topic)","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114176058","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":"From the Beatles to Macklemore: Economics in Music in the Pop Culture Era","authors":"Kim Holder, Mateer Dirk, Brian O’Roark","doi":"10.2139/SSRN.2733042","DOIUrl":"https://doi.org/10.2139/SSRN.2733042","url":null,"abstract":"Economists have explored the relationship between economics and music since Tinari and Khandke (2000) made use of popular songs, dating back to the 1930s, to help teach economics. This paper takes the work of Tinari and Khandke and combines it with the more recent efforts of Mateer and Rice (2007) and Hall, Lawson and Mateer (2008) to create a database of the best economic songs for each year from 1964 through 2015. The database provides a historical timeline that helps instructors connect economic events from the past with the music of that time period. For each song selected, we provide the core economic concept(s) that it conveys and a sample of the relevant lyrics.","PeriodicalId":409545,"journal":{"name":"EduRN: Economics Education (ERN) (Topic)","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-02-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114600046","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":"Public Choice Lessons from the Wizarding World of Harry Potter","authors":"Marta Podemska-Mikluch, D. Deyo, D. Mitchell","doi":"10.2139/ssrn.2641973","DOIUrl":"https://doi.org/10.2139/ssrn.2641973","url":null,"abstract":"J.K Rowling’s series of books about the underage wizard Harry Potter is an exceptionally effective tool for introducing students to the key concepts of public choice. By keeping political figures at the forefront of the story, Rowling encourages students to recognize the differences between the choices made by individuals in markets and politics. To illuminate the pedagogical potential of the series, and to ease its adoption, we discuss a set of examples that best illustrate the key concepts of public choice. We also share a classroom exercise showcasing how the series can be used to promote active learning.","PeriodicalId":409545,"journal":{"name":"EduRN: Economics Education (ERN) (Topic)","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-08-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125746768","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":"Introduzione al caos in economia con esempi e applicazioni (Introduction to Chaos in Economics with Examples and Applications)","authors":"G. Orlando","doi":"10.2139/ssrn.2703986","DOIUrl":"https://doi.org/10.2139/ssrn.2703986","url":null,"abstract":"Italian Abstract: Questo lavoro ha l’obiettivo di descrivere gli elementi basilari riguardo il caos e di illustrarne le possibili applicazioni al campo economico. English Abstract: This paper has the objective of summarizing the key aspects of chaos ant to illustrate some specific examples to economics.","PeriodicalId":409545,"journal":{"name":"EduRN: Economics Education (ERN) (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-06-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130435135","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":"Calpers Absolute Return Strategies: Hedge Fund Risk and Return","authors":"R. Evans, Joseph Geissenhainer","doi":"10.2139/ssrn.2974548","DOIUrl":"https://doi.org/10.2139/ssrn.2974548","url":null,"abstract":"This case is suitable for students in both undergraduate and MBA-level investments courses. With an estimated $3 trillion in assets under management, hedge funds have become an important component of many institutional investors' portfolios. For many of these investors, investments in these funds are motivated by the potential for diversification combined with \"equity-like returns\" and \"bond-like risk.\" At the same time, the difficulty of appropriately benchmarking hedge fund returns and risk, in addition to the high fees associated with these funds, has some investors questioning their decision to invest in these strategies. Using CalPERS's April 2014 reexamination of its Absolute Return Strategies/hedge fund investments as a backdrop, this case examines the decision to invest in hedge funds as a part of a well-diversified institutional portfolio. \u0000Excerpt \u0000UVA-F-1735 \u0000Jun. 29, 2015 \u0000CalPERS Absolute Return Strategies: Hedge Fund Risk and Return \u0000The California Public Employees' Retirement System (CalPERS) headquarters near the Sacramento River was as beautiful as it was functional. With courtyards and terraces, beautiful landscaping, an architecturally stunning glass-and-steel entry pavilion, and a soaring glass atrium that flooded the building with natural light, it appeared to be as tranquil a work setting as the Zenlike spaces that dotted its interior and exterior. In the spring of 2014, however, internal sources suggested that a storm was brewing within the building over CalPERS's hedge fund investments. Two of CalPERS's most senior investment professionals, Curtis Ishii and Egidio “Ed” Robertiello, disagreed strongly about the future of these investments. Hedge funds had been a part of CalPERS's portfolio for 22 years, but there was a strong push by Ishii, the senior investment officer responsible for fixed income, to eliminate CalPERS's allocation to Absolute Return Strategies (ARS). In addition to the high fees CalPERS was paying to hedge fund managers, Ishii was convinced that hedge fund investments were an unacceptable risk for the pension fund. On the other hand, Robertiello, the senior portfolio manager for ARS, believed that the ARS allocation should be almost tripled. Robertiello argued that not only would an increased allocation to hedge funds help to diversify CalPERS's portfolio generally, but that hedge funds offered better downside protection than equities. \u0000. . .","PeriodicalId":409545,"journal":{"name":"EduRN: Economics Education (ERN) (Topic)","volume":"4 4","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-06-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133105624","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":"A Mechanical Model for Teaching Macroeconomics","authors":"D. Chester","doi":"10.2139/ssrn.2600103","DOIUrl":"https://doi.org/10.2139/ssrn.2600103","url":null,"abstract":"The commonly used method for representing macroeconomics as a social system is by assuming the existence of a number of agencies (or entities) and of their various connecting links. In practice this is achieved and illustrated by the use of a block-and-flow diagram. For the case being considered in this paper, the whole social system of a country is deliberately included in its most complete, comprehensive yet simplest possible form (according to the scientific principle known as Occam’s Razor.) By making suitable assumptions, it is found that only 6 entities with 19 connecting links are required (actually 16 are used, 3 being duplicated).This diagram for representing our social system is one of a number of different possible modelling techniques. An alternative way for its expression is by mechanical means, using a number of balancing-beams, weights and strings, with pulley-wheels. This kind of model is especially attractive for purposes of teaching, because of its visual and practical nature, with the ability to adjust it by hand. The use of this mechanical model brings into focus the need for definitions of the various entities within the system and their many functions, which is an attention-grabbing and attractive way of introducing the subject to new students.","PeriodicalId":409545,"journal":{"name":"EduRN: Economics Education (ERN) (Topic)","volume":"44 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124989385","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}