Haverford College

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    Natural Resource Economics

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    The natural environment yields a large source of economic production. Most production processes rely on them (though not all). In addition, consumption of organic material is essential to our lives. This course will consider how resources, e.g. water, fossil fuels, land, forests, and animals, are viewed and used within the human economy. The course will emphasize mathematical treatments of the issues; economic growth, sustainability, externalities, missing markets, dynamic and static efficiency. With the broad concepts in place, we will consider the variations across different resources

    Elementary German II

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    Dieses Semester werdet ihr eure deutschen Sprachkenntnisse, d.h. eure Hör-, Sprach, Lese- und Schreibfertigkeiten, vertiefen und gleichzeitig euer Wissen über die deutschsprachigen Länder erweitern. Wie ihr wisst, ist Deutsch die offizielle Sprache in Deutschland, Österreich, Belgien und der Schweiz und Deutsch damit die Muttersprache der größten Sprechergruppe in der Europäischen \ud Union. Innerhalb dieser Sprechergruppe gibt es eine Vielzahl von ganz unterschiedlichen deutschen Dialekten, weshalb wir in unserem Kurs das sogenannte Hochdeutsch, d.h. das Standarddeutsch lernen. Dieser Kurs wird euch anhand verschiedener Materialien und Medien neue Möglichkeiten zeigen, euch auf Deutsch auszudrücken. Am Ende des Semesters werdet ihr wissen wie eine deutsche Universität funktioniert und wie man sich für ein Studium oder ein Praktikum in einem deutschsprachigen Land bewirbt. Außerdem werdet ihr über ein besseres Verständnis von der Geschichte und den Kulturen der deutschsprachigen Länder verfügen

    Advanced Japanese I

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    Introduction to Probability and Statistics

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    This class will cover basic concepts and methods of elementary probability and quantitative reasoning, with practical applications. Topics include: sample average and standard deviation, normal curves, regression, expected value and standard error, confidence intervals and hypothesis tests. You will see that our text will emphasize the underlying ideas rather than memorization of definitions and formulas

    Post-Secondary Income Inequality in America

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    Significant research has been dedicated to examining the relationship between education and earnings. It has, for some time, been established that attending an institution of higher education increases earnings relative to not attending one. This increase in earnings is thought to help reduce income inequality and, even former secretary of education, Arne Duncan, proclaimed education to be “the great equalizer that overcomes differences in background, culture and privilege.” However, research has been limited in examining the earnings of students that attend the same school but come from different socio-economic backgrounds. This paper shows that there is a 20% difference in earnings among higher and lower income Title IV students (students that completed the Free Application for Federal Student Aid) and looks for characteristics of schools that have minimized that difference. The findings show that schools that provide more institutional grant aid are associated with a relatively minimized difference in earnings among Title IV students coming from different socio-economic backgrounds. Ultimately, the findings show that income inequality is in strong effect even among students with similar academic characteristics and slightly different socio-economic backgrounds

    Measuring the Impact of Corruption on FDI Inflows in Developing Oil-Rich Countries

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    Many resource-rich developing nations experience low levels of economic growth despite their large resource endowment. One of the major channels contributing to this phenomenon -known as the “resource curse”- is corruption, including its effect on FDI inflows into a particular country. This paper looks specifically into countries with oil as their primary commodity to examine the difference in effect of the relationship between corruption and FDI. My research utilizes a panel analysis of countries over an 11-year period. The results using regression analysis show that corruption, which is generally higher in nations with large oil reserves, does reduce FDI inflows, but the relationship is not unique to oil-rich countries. This paper shows that policy decisions in oil rich countries suffering from the resource curse should not be unique compared to other resource rich nations

    Investigating the Effect of Stock Split on Short-term Stock Returns: The Case for Chinese Shanghai Stock Market

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    This paper investigates the effect of magnitude of split size on short-term post-split returns as well as the effect of split announcement on post-split returns, using stocks data from Shanghai Stock Exchange. The study uses OLS model to test for the relationship, controlling for stock characteristics and the market effect. The main regression models find positive significant effect of split size on post-split returns, but no significant effect of split announcement on post-split returns. The results from robustness checks reject the positive significance of split size on returns. One possible explanation for the significance in the main regression is that the outlier points created biases in OLS model. Overall, this study finds no significant effect of split size on short-term post-split returns nor that of split announcement on returns

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