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Title: 2013-2014 Program Review Economics.
Creator: Florida Atlantic University Office of Institutional Effectiveness & Analysis, Department of Economics, College of Business
Abstract/Description: Florida Atlantic University Departmental Dashboard Indicators. Department program reviews for College of Business, Florida Atlantic University.
Date Issued: 2013-2014
PURL: http://purl.flvc.org/fau/fd/FA00007757
Subject Headings: Florida Atlantic University -- History
Format: Document (PDF)

Title: 2012-2013 Program Review Economics.
Creator: Florida Atlantic University Office of Institutional Effectiveness & Analysis, Department of Economics, College of Business
Abstract/Description: Florida Atlantic University Departmental Dashboard Indicators. Department program reviews for College of Business, Florida Atlantic University.
Date Issued: 2012-2013
PURL: http://purl.flvc.org/fau/fd/FA00007756
Subject Headings: Florida Atlantic University -- History
Format: Document (PDF)

Title: 2009-2010 Program Review Economics.
Creator: Florida Atlantic University Office of Institutional Effectiveness & Analysis, Department of Economics, College of Business
Abstract/Description: Florida Atlantic University Departmental Dashboard Indicators. Department program reviews for College of Business, Florida Atlantic University.
Date Issued: 2009-2010
PURL: http://purl.flvc.org/fau/fd/FA00007754
Subject Headings: Florida Atlantic University -- History
Format: Document (PDF)

Title: 2010-2011 Program Review Economics.
Creator: Florida Atlantic University Office of Institutional Effectiveness & Analysis, Department of Economics, College of Business
Abstract/Description: Florida Atlantic University Departmental Dashboard Indicators. Department program reviews for College of Business, Florida Atlantic University.
Date Issued: 2010-2011
PURL: http://purl.flvc.org/fau/fd/FA00007755
Subject Headings: Florida Atlantic University -- History
Format: Document (PDF)

Title: 2014-2015 Program Review Economics.
Creator: Florida Atlantic University Office of Institutional Effectiveness & Analysis, Department of Economics, College of Business
Abstract/Description: Florida Atlantic University Departmental Dashboard Indicators. Department program reviews for College of Business, Florida Atlantic University.
Date Issued: 2014-2015
PURL: http://purl.flvc.org/fau/fd/FA00007758
Subject Headings: Florida Atlantic University -- History
Format: Document (PDF)

Title: 2015-2016 Program Review Economics.
Creator: Florida Atlantic University Office of Institutional Effectiveness & Analysis, Department of Economics, College of Business
Abstract/Description: Florida Atlantic University Departmental Dashboard Indicators. Department program reviews for College of Business, Florida Atlantic University.
Date Issued: 2015-2016
PURL: http://purl.flvc.org/fau/fd/FA00007759
Subject Headings: Florida Atlantic University -- History
Format: Document (PDF)

Title: 2016-2017 Program Review Economics.
Creator: Florida Atlantic University Office of Institutional Effectiveness & Analysis, Department of Economics, College of Business
Abstract/Description: Florida Atlantic University Departmental Dashboard Indicators. Department program reviews for College of Business, Florida Atlantic University.
Date Issued: 2016-2017
PURL: http://purl.flvc.org/fau/fd/FA00007760
Subject Headings: Florida Atlantic University -- History
Format: Document (PDF)

Title: Entropic Considerations of Efficiency in the West Texas Intermediate Crude Oil Futures Market.
Creator: Sagul, Ryan, Yuhn, Ky-hyang, Florida Atlantic University, College of Business, Department of Economics
Abstract/Description: For the last fifty years, the efficient market hypothesis has been the central pillar of economic thought and touted by all, despite Sanford Grossman’ and Nobel prize winner Joseph Stiglitz’ objection in 1980. Andrew Lo updated the efficient market hypothesis in 2004 to reconcile irrational human behavior and cold, calculating automatons. This thesis utilizes 33 years of oil futures, GARCH regressions, and the Jensen-Shannon informational criteria to provide extensive empirical objections to...
Show moreFor the last fifty years, the efficient market hypothesis has been the central pillar of economic thought and touted by all, despite Sanford Grossman’ and Nobel prize winner Joseph Stiglitz’ objection in 1980. Andrew Lo updated the efficient market hypothesis in 2004 to reconcile irrational human behavior and cold, calculating automatons. This thesis utilizes 33 years of oil futures, GARCH regressions, and the Jensen-Shannon informational criteria to provide extensive empirical objections to informational efficiency. The results demonstrate continuously inefficient oil future markets which exhibit decreased informational efficiency during recessionary periods, advocating the adaptive market hypothesis over the efficient market hypothesis.
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Date Issued: 2016
PURL: http://purl.flvc.org/fau/fd/FA00004730, http://purl.flvc.org/fau/fd/FA00004730
Subject Headings: Capital market -- Psychological aspects, Energy industries -- Risk management, Financial risk management -- Mathematical models, Futures, Investment analysis, Petroleum industry and trade -- Economic aspects, Stocks -- Mathematical models
Format: Document (PDF)

Title: HABIT, EMULATION, AND SURVIVAL IN THE SUPERMARKET.
Creator: Brundage, Brendan, Boudreaux, Christopher, Florida Atlantic University, Department of Economics, College of Business
Abstract/Description: Substantivism helps us appreciate two views on the meaning of the economy: the institutional view and the neoclassical view. This study analyzes the behaviors of producers and consumers in the supermarket industry and finds that the neoclassical school lacks a realistic behavioral theory. We observe that institutional behavioral theory is closer to reality because it recognizes that consumers are affected by their social environment through habit and emulation, and producers are survival...
Show moreSubstantivism helps us appreciate two views on the meaning of the economy: the institutional view and the neoclassical view. This study analyzes the behaviors of producers and consumers in the supermarket industry and finds that the neoclassical school lacks a realistic behavioral theory. We observe that institutional behavioral theory is closer to reality because it recognizes that consumers are affected by their social environment through habit and emulation, and producers are survival maximizers. These social obstacles prevent humans from acting like homoeconomicus. We focus only on the supermarket industry, but this conclusion can be applied to all industries.
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Date Issued: 2020
PURL: http://purl.flvc.org/fau/fd/FA00013536
Subject Headings: Economics, Supermarkets, Consumer behavior, Economy
Format: Document (PDF)

Title: IS THE PHILLIPS CURVE A UNICORN?.
Creator: Lee, Sanghyun Paul, Yuhn, Ky-Hyang, Florida Atlantic University, Department of Economics, College of Business
Abstract/Description: The new Keynesian wage Phillips curve (NKWPC) is derived from the standard new Keynesian Phillips curve (NKPC) that is examined and verified by many economists. The NKWPC model uses the structural wage equation to present the significant inverse relationship between wage inflation and the unemployment rate in the US economy with the significant assumption of a constant natural rate of unemployment. This study examines the NKWPC model using the generalized method of moments (GMM) and...
Show moreThe new Keynesian wage Phillips curve (NKWPC) is derived from the standard new Keynesian Phillips curve (NKPC) that is examined and verified by many economists. The NKWPC model uses the structural wage equation to present the significant inverse relationship between wage inflation and the unemployment rate in the US economy with the significant assumption of a constant natural rate of unemployment. This study examines the NKWPC model using the generalized method of moments (GMM) and generalized autoregressive conditionally heteroskedastic-M (GARCH-M) to confirm the critical inverse relationship of the Phillips curve. In particular, this study tests the NKWPC separately targeting the official unemployment rate from Komlos (2019)’s real unemployment rate. The estimated results of this study support the NKWPC re-confirming a significant negative relationship between wage inflation and unemployment, using two different econometric techniques of GMM and GARCH-M. Moreover, it is apparent that they do not distinguish the official unemployment rate from the real unemployment rate. The Phillips curve is not just a unicorn, or rarity, in the economic world. It is a substantial indicator and still holds merit. This study yields to another lending support to the importance of the Phillips curve.
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Date Issued: 2021
PURL: http://purl.flvc.org/fau/fd/FA00013772
Subject Headings: Phillips curve, Labor market
Format: Document (PDF)

Title: ALTERNATIVE INCOME SPECIFICATION IN MACROECONOMIC MODELS.
Creator: MELEAR, ERIK LAMONT., Florida Atlantic University, Hemley, David D., College of Business, Department of Economics
Abstract/Description: This thesis emphasizes and evaluates the effect of different income specifications, absolute, relative and permanent, in the various stochastic equations comprising a macroeconomic model. Multiple least squares regression is employed to estimate the stochastic equations; and a dynamic multiplier simulation program evaluates the stability and calculates the impact and interim dynamic multipliers of each resultant model. The results point to an absolute income specification with the quickest...
Show moreThis thesis emphasizes and evaluates the effect of different income specifications, absolute, relative and permanent, in the various stochastic equations comprising a macroeconomic model. Multiple least squares regression is employed to estimate the stochastic equations; and a dynamic multiplier simulation program evaluates the stability and calculates the impact and interim dynamic multipliers of each resultant model. The results point to an absolute income specification with the quickest response to fiscal and monetary policy. In addition, there are inherent specification problems as enlightened by review of the size of the total impact multipliers.
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Date Issued: 1975
PURL: http://purl.flvc.org/fcla/dt/13736
Subject Headings: Income--Mathematical models
Format: Document (PDF)

Title: ALTERNATIVE VIEWS OF THE ECONOMIC EFFECTS OF GOVERNMENT DEFICITS.
Creator: TROMBINO, FRANK V., Florida Atlantic University, Manage, Neela D., College of Business, Department of Economics
Abstract/Description: Federal government budget deficits and federal government debt have been the cause of controversy and debate in recent years. Economists have argued over the effects of government debt and government deficits in the economy. Of particular interest is the view that associates large government deficits and government debt to higher rates of interest and to reduced private investment in the economy. An alternative view contends that federal budget deficits and federal debt have no effect on...
Show moreFederal government budget deficits and federal government debt have been the cause of controversy and debate in recent years. Economists have argued over the effects of government debt and government deficits in the economy. Of particular interest is the view that associates large government deficits and government debt to higher rates of interest and to reduced private investment in the economy. An alternative view contends that federal budget deficits and federal debt have no effect on interest rates and private investment in the economy. Statistical techniques were used to test both views regarding the effects of budget deficits.
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Date Issued: 1986
PURL: http://purl.flvc.org/fcla/dt/14335
Subject Headings: Budget deficits--United States, Fiscal policy--United States
Format: Document (PDF)

Title: AN ANALYSIS OF PUBLIC EXPENDITURE FOR FLORIDA METROPOLITAN AND NON-METROPOLITAN COUNTIES.
Creator: MURPHY, JOSEPH WILLIAM., Florida Atlantic University, Hemley, David D., College of Business, Department of Economics
Abstract/Description: This study deals with development, estimation, and application of a constrained welfare maximization model to the counties of the state of Florida. This model was suggested by James M. Henderson and is developed from microeconomic concepts. A survey of the literature concerning public expenditure begins the study. This is proceeded by the derivation of the regression equations which are derived from the concept of constrained welfare maximization. Estimation of the model involves aggregation...
Show moreThis study deals with development, estimation, and application of a constrained welfare maximization model to the counties of the state of Florida. This model was suggested by James M. Henderson and is developed from microeconomic concepts. A survey of the literature concerning public expenditure begins the study. This is proceeded by the derivation of the regression equations which are derived from the concept of constrained welfare maximization. Estimation of the model involves aggregation into metropolitan counties and non-metropolitan counties of Florida county data and the subsequent categorization of counties. Empirical estimation of the desired coefficient enables the exumination of the involved elasticities and the endogenous variable response to changes in the exogenous variables.
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Date Issued: 1974
PURL: http://purl.flvc.org/fcla/dt/13652
Subject Headings: Expenditures, Public, Florida--Economic conditions
Format: Document (PDF)

Title: ANALYSIS OF A LOCAL ECONOMY WITH AN ECONOMETRIC MODEL.
Creator: OPALAT, STEPHEN E., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: The purpose of this thesis is to present an econometric model for the region of Palm Beach County. This type of economic analysis was chosen because it captures the influence of the service and trade industries as well as the simultaneous nature of other industries which dominate the local economy. The estimation results identified the construction industry as a leading indicator of economic activity in transportation, communications, utilities, finance, insurance and real estate. This...
Show moreThe purpose of this thesis is to present an econometric model for the region of Palm Beach County. This type of economic analysis was chosen because it captures the influence of the service and trade industries as well as the simultaneous nature of other industries which dominate the local economy. The estimation results identified the construction industry as a leading indicator of economic activity in transportation, communications, utilities, finance, insurance and real estate. This simultaneous structure of the model led to the application of various multipler analyses. It was found that local construction output affected gross regional product, local personal income and local total employment. National personal income was found to influence local trade which in turn affects levels of local output, employment and income.
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Date Issued: 1984
PURL: http://purl.flvc.org/fcla/dt/14221
Subject Headings: Econometrics, Palm Beach County (Fla)--Economic conditions--Econometric models
Format: Document (PDF)

Title: AN ANALYSIS OF ALIEN EXPULSION IN GHANA.
Creator: BEVAN, LINDA ESTELLE RACE., Florida Atlantic University, Nicholas, James C., College of Business, Department of Economics
Abstract/Description: The rising fervor of nationalism in post-colonial Ghana culminated in hatred of foreigners and fear of alien control of economic enterprises. As a result of this growing anti-alien sentiment, all aliens without valid residence permits were expelled from Ghana in late 1969. The purpose of alien expulsion was to increase domestic employment by offering to Ghanaians the positions previously held by aliens. This thesis examines the economic logic of alien expulsion. Certain assumptions had to...
Show moreThe rising fervor of nationalism in post-colonial Ghana culminated in hatred of foreigners and fear of alien control of economic enterprises. As a result of this growing anti-alien sentiment, all aliens without valid residence permits were expelled from Ghana in late 1969. The purpose of alien expulsion was to increase domestic employment by offering to Ghanaians the positions previously held by aliens. This thesis examines the economic logic of alien expulsion. Certain assumptions had to have been made in order for alien expulsion to increase domestic employment. Each of these assumptions is examined to see if it accurately depicted the conditions it described. The results of alien expulsion are then examined in light of the logic set up by this thesis.
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Date Issued: 1972
PURL: http://purl.flvc.org/fcla/dt/13530
Subject Headings: Aliens--Law and legislation--Ghana, Unemployment--Ghana, Ghana--Economic policy, Ghana--Politics and government--1957-1979
Format: Document (PDF)

Title: THE CAPITAL ASSET PRICING MODEL.
Creator: Ayala, Mary D., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: This thesis reviews the majot' literature associated with the Capital Asset Pricing Model with emphasis on related controversial issues. The model's underlying theories, developed by Harry Markowitz and James Tobin, are presented first. This is followed by themathematicalderivation, developed by William Sharpe. Special attention is given to the controversial assumptions imposea by Markowitz and Tobin, which emerge in the CAPM. Major tests of the CAPM are reviewed next: and the empirical...
Show moreThis thesis reviews the majot' literature associated with the Capital Asset Pricing Model with emphasis on related controversial issues. The model's underlying theories, developed by Harry Markowitz and James Tobin, are presented first. This is followed by themathematicalderivation, developed by William Sharpe. Special attention is given to the controversial assumptions imposea by Markowitz and Tobin, which emerge in the CAPM. Major tests of the CAPM are reviewed next: and the empirical problems associated with test design are highlighted. It is shown that variations in test design produce controversial test results. The specific tests reviewed here fail to provide strong support for the nodel; nevertheless it becomes evident that such tests fostered a vast outpouring of new and extended models. The CAPM remains a breakthrough in financial and economic literature which deserves to be explored even more intensely in the future.
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Date Issued: 1981
PURL: http://purl.flvc.org/fcla/dt/14067
Subject Headings: Capital assets pricing model
Format: Document (PDF)

Title: Bayesian econometrics: Analysis and illustrations.
Creator: Giakoumatos, Gerasimos S., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: This thesis presents the theory and an application of Bayesian econometrics. The classical theory of econometrics is also presented for a comparison study. In the Bayesian case the theory of the prior information, which is the distinguishing characteristic of the Bayesian approach, is presented by considering the cases of informative and non-informative priors. The classical and Bayesian approach represent the two fundamental, although opposite in the concept of probability, schools of...
Show moreThis thesis presents the theory and an application of Bayesian econometrics. The classical theory of econometrics is also presented for a comparison study. In the Bayesian case the theory of the prior information, which is the distinguishing characteristic of the Bayesian approach, is presented by considering the cases of informative and non-informative priors. The classical and Bayesian approach represent the two fundamental, although opposite in the concept of probability, schools of thought in statistics and econometrics. An application to the estimation of standard macroeconomic equations is also included where both classical and Bayesian techniques are employed.
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Date Issued: 1988
PURL: http://purl.flvc.org/fcla/dt/14484
Subject Headings: Bayesian statistical decision theory
Format: Document (PDF)

Title: COST FUNCTIONS FOR FLORIDA HOSPITALS: AN ECONOMETRIC STUDY.
Creator: PIKE, STEVEN WESLEY., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: The theoretical specification of empirical issues associated with statistical cost functions are reviewed. This is followed by a review of the major works in the field of hospital cost function estimation. The final chapter contains an econometric estimation of cost functions for Florida hospitals in 1976. Included are estimations of total and average cost functions specified as functions of output alone. Additional variables are added to the specification of the average cost function...
Show moreThe theoretical specification of empirical issues associated with statistical cost functions are reviewed. This is followed by a review of the major works in the field of hospital cost function estimation. The final chapter contains an econometric estimation of cost functions for Florida hospitals in 1976. Included are estimations of total and average cost functions specified as functions of output alone. Additional variables are added to the specification of the average cost function including: speed of production; product heterogeneity; urbanization; control of the hospital and the interactions of control with speed of production; and product complexity. These variables significantly improve the explanatory power of the function which results in an inverted L-shaped curve.
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Date Issued: 1980
PURL: http://purl.flvc.org/fcla/dt/14012
Subject Headings: Hospitals--Florida--Cost of operation
Format: Document (PDF)

Title: American lookback options: Early exercise.
Creator: Abramov, Viatcheslav Alexander., Florida Atlantic University, Yuhn, Ky-hyang, College of Business, Department of Economics
Abstract/Description: Lookback options are path dependent contingent claims whose payoff depend on the extrema of a given security's price over a given period. Some of these options are already traded on specialized markets (such as foreign exchange) and mostly in over-the-counter market alongside with other path dependent options (knock-ins, knock-outs, etc.). This thesis examines the existing pricing models of conventional options as well as standard European lookback options and provides some results about...
Show moreLookback options are path dependent contingent claims whose payoff depend on the extrema of a given security's price over a given period. Some of these options are already traded on specialized markets (such as foreign exchange) and mostly in over-the-counter market alongside with other path dependent options (knock-ins, knock-outs, etc.). This thesis examines the existing pricing models of conventional options as well as standard European lookback options and provides some results about early exercise of their American counterparts with the use of notions from the theory of optimal stopping.
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Date Issued: 1995
PURL: http://purl.flvc.org/fcla/dt/15177
Subject Headings: Options (Finance), Derivative securities
Format: Document (PDF)

Title: ECONOMIC DETERMINANTS OF URBAN CRIME RATES.
Creator: FRASER, RUSSELL EDWARD., Florida Atlantic University, McPheters, Lee R., College of Business, Department of Economics
Abstract/Description: This study explains variation in urban crime incidence as a function of a number of socio-economic variables, including income, education, and urban blight. Ordinary least squares regression analysis is applied to cross-section data from the 60 largest Standard Metropolitan Statistical Areas, for 19 70. Various extensions of the basic model are presented, using log variables, a lagged endogenous variable, and indices derived from factor analysis of a large matrix of socio-economic variables.
Date Issued: 1972
PURL: http://purl.flvc.org/fcla/dt/13533
Subject Headings: Crime--United States, Criminals--United States
Format: Document (PDF)

FAU Theses and Dissertations (114)	+ -
FAU College Collections (7)	+ -

Florida Atlantic University -- History (7)	+ -
Economics, Mathematical (3)	+ -
Investment analysis (3)	+ -
Monetary policy (3)	+ -
Broward County (Fla)--Economic conditions (2)	+ -

Budget deficits--United States (2)	+ -
Consumption (Economics) (2)	+ -
Developing countries--Economic conditions (2)	+ -
Econometrics (2)	+ -
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Economics, Finance (2)	+ -
Economics, General (2)	+ -
Economics--Mathematical models (2)	+ -
Estimation theory (2)	+ -
Florida Keys (Fla) (2)	+ -
Florida--Economic conditions (2)	+ -
Land use--Law and legislation--Florida--Florida Keys (2)	+ -
Macroeconomics (2)	+ -
Metropolitan Dade County (Fla)--Economic conditions (2)	+ -
Monroe County (Fla)--Economic conditions (2)	+ -
Oligopolies (2)	+ -
Palm Beach County (Fla)--Economic conditions (2)	+ -
Time-series analysis (2)	+ -
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United States--Economic conditions--1945- (2)	+ -
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Accounting and price fluctuations (1)	+ -
African Americans--Economic conditions (1)	+ -
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Airports--Florida--Planning (1)	+ -

Electronic Thesis or Dissertation (114)	+ -
Program Review (7)	+ -

College of Business (121)	+ -
Florida Atlantic University (114)	+ -
Stronge, William B. (43)	+ -
Manage, Neela D. (15)	+ -
Nicholas, James C. (9)	+ -

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