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The Pricing of Bonds between Coupon Payments:From Theory to Market Practice
No full textThe transition for students from theory to practice is often abrupt and awkward. An example is the pricing of a bond that is between coupon payments. In this situation, students of finance may benefit from further exploration of the effect of compound interest before learning of the method that financial markets actually use to determine the price an investor must pay. This paper explores the confusing link between theoretical pricing of coupon bonds and the practice used by financial markets. Common financial calculators are used as a bridge to highlight this connection
Impact of Course Length on Student Learning
No full textUsing a database of over 45,000 observations from Fall, Spring, and Summer semesters, we investigate the link between course length and student learning. We find that, after controlling for student demographics and other characteristics, intensive courses do result in higher grades than traditional 16 week semester length courses and that this benefit peaks at about 4 weeks. By looking at future performance we are also able to show that the higher grades reflect a real increase in knowledge and are not the result of a “lowering of the bar” during summer. We discuss some of the policy implications of our findings
Professor Gump’s Dilemma: A Classroom Exercise in Game Theory
No full textConsider the dilemma of a professor who has handed back an exam to his students, but has forgotten to record their grades – can he develop a scheme that will provide each student the incentive to report his grade truthfully? This situation is used as an in-class exercise which develops the students’ understanding of a Nash equilibrium and of how to use game theory to solve interesting everyday problems
Making Finance Relevant by Applying Corporate Finance to Personal Finance: The Case of Leverage
No full textThis paper is based on the idea that Finance can be made more relevant to students by applying lessons learned in Corporate Finance to the Personal Finance of students. To demonstrate this, the paper introduces a unique example of Operating Leverage and Financial Leverage; and provides examples in which these Corporate Finance concepts are applied to the Personal Finance of students. The basic premise of this paper is that students learn better if the abstract concepts are made relevant to them, i.e., if the instructor relates the abstract concepts to the personal experience of students. This paper implies that there is a good deal of overlap and synergy between Corporate Finance and Personal Finance, and therefore, they should not be dichotomized
A Citizen’s Perspective of Clientelism in Morocco
Get PDFThis undergraduate research thesis aims to examine the implications of clientelism in Morocco from the perspectives of the citizens. Clientelism, or patronage-based political exchange can have a significant impact on political systems, and representative politics. While studies have been done examining citizen’s perspectives on clientelism, this aimed to be the first study in the context of Morocco. Using qualitative data from interviews and literature examination, the author tested three assumptions. He analyzed if clientelistic networks in Morocco are entrenched via Urban-Rural divides, if clientelism has had a symbiotic relationship with the Amazigh’s movement for greater political representation, and if Moroccan citizens would believe the short term benefits of clientelism could potentially outweigh the costs. While this study increased the plausibility of the existence of clientelism in Morocco existing upon urban rural divide, the limitation of sample size for qualitative interviews prohibited conclusive results on clientilism’s impact on greater Amazigh political representation or a citizen’s moral evaluation of clientelism
Grit and Career Development in Undergraduate College Students
No full textThe personality trait grit, defined as passion and perseverance for long-term goals, is an important predictor of success across various career fields. The present study focuses on how grit relates to career development and long-term work goals among college undergraduates. The study utilized the Career Maturity Inventory (CMI), the Student Career Construction Inventory (SCO), and the Career Development Behavioral Checklist (CDBC) to assess career development among undergraduate college students. Based on survey data from 134 participants, results indicated that grit was positively correlated with all three career development measures, and explained unique variance in CMI, SCCI, and CDBC scores beyond that accounted for by age and semesters in college. The findings provide evidence that grit is an adaptive trait within the context of career development and is linked to more informed and realistic determinations about long-term work goals
Introduction to CRISPR-Cas-9 Techniques: Strategies for the Laboratory and Classroom
No full textThis open-access textbook provides an in-depth introduction into the CRISPR-cas9 technology and explores its use across the gamut of biological model systems. As the subject has risen from a significant new discovery to a mainstream molecular biology practice, it is essential that students of molecular biology understand the fundamentals behind CRISPR-Cas9 technology and how it may be employed efficiently and ethically in research. This volume, edited by experts in both, molecular biology and undergraduate education, will teach not only the fundamentals of using CRISPR-Cas9, but also how to successfully employ this technology in classroom settings. The book is written for undergraduates and advanced high school classes in the area of molecular biology, genetics, genomics and biological engineering and will provide a perfect tool for undergraduate lecturers to prepare their classes
