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Papers On Economics And Economic Theory
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Linear Algebra; Linear Models, the Wassily Leontief Input Output Models
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This 5 page paper examines the Wassily Leontief Input Output Models, looks at the assumption and the way in this is calculated with example calculations throughout. The bibliography cites 4 sources.
Filename: TEwassleo.rtf

Long Term Capital Management: The Limitations of Financial Investment Models
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A 9 page overview of the applicability of financial models to investment. The author reveals the investment strategy of the “Long Term Capital Management” fund to contend that this strategy was based largely on models such as that accounted for by the Black-Scholes Formula. The failure of this fund serves to exemplify the fact that models are based on normal behavior, when normal behavior is replaced by abnormal behavior even the most advanced financial models fail to perform. Bibliography lists 3 sources.
Filename: PPinvest.rtf

Lucas D. Papademos’ Address to the European Parliament
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A 3 page paper reviewing the address that the vice president of the European Central Bank made to the European parliament on April 29, 2003. Mr. Papademos was introducing the European Union’s annual report for 2002. The paper discusses the tools he used in calling parliament to action in stepping up planned structural reforms. Bibliography lists 2 sources.
Filename: KSspePapademos.rtf

Macro Economic Questions
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This 4 page paper answers questions asked by the student concerning the way national economies will behave and interest rates will move when there is an increase in disposable income, a trade deficit and a trade surplus. The bibliography cites 2 sources.
Filename: TEeconq1.rtf

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