In this paper, we present a study, which models and measures the competencies of higher education students in business and economics--within and across countries. To measure student competencies in a valid and reliable way, the Test of Understanding in College Economics was used, which assesses microeconomic and macroeconomic competencies. The…

Having literacies in economics and financial will be beneficial to enhancing individual and family well-being. The purpose of this research aims to produce an e-book on economic literacy. To achieve the purpose, this study adopted a research and development method. Media is developed through student analysis, state objectives, determine goals,…

The author of this article demonstrates how the unified approach to answering economic questions employed in modern quantitative macroeconomics research can be taught to undergraduate students using the Solow model. Through an application to post-WWII Japan, students get hands-on experience with (1) documenting empirical facts, (2) developing a…

This article presents an experience of teaching innovation based on the application of active methodologies in economics and business education at the University of the Basque Country (UPV/EHU). The proposal builds on a competency teaching approach, whose objectives were to verify the effectiveness of these methodologies in the area of economics…

This chapter focuses on the European Semester and its yearly cycle of policy coordination of fiscal and macroeconomic policies within the European Union (EU). It traces the shifts that occurred through the first codification of the European Semester in 2011, and up to 2018, from softer to more binding procedures, which set the EU agenda well…

Existing research generally confirms a countercyclical education enrollment, whereby youths seek shelter in the educational system to avoid hardships in the labor market: the "discouraged worker" thesis. Alternatively, the "encouraged worker" thesis predicts that economic downturns steer individuals away from education because…

After the fall of communist regimes in Central and Eastern Europe, the returns to education were substantially growing over time. We summarise the existing literature conducting a meta-analysis of returns to education for economies of Central and Eastern Europe (CEE) and test for several mechanisms, which can explain the evolution of the returns…

The authors of this article propose a classroom simulation designed for advanced economics or finance courses whereby student teams role-play Moody's sovereign credit risk analysts. Despite the importance of sovereign credit risk ratings in affecting the funding liquidity of countries, the process generating ratings is a black box. The authors use…

Purpose: This study aims to investigate the effect of university atmosphere, macroeconomic environment and business support on students' entrepreneurial intention. Moreover, it explores whether country moderates these relationships or not. Design/methodology/approach: This research is administered on individual-level data collection through survey…

The urgency of the research topic was stipulated by the necessity to carry out an effective controlled process by the economic system which can hardly be imagined without indices forecasting characteristic of this system. An econometric model is a safe tool of forecasting which makes it possible to take into consideration the trend of indices…

This paper deals with the regional input-output analysis and its application to evaluation of the macroeconomic impact of expenditures on higher education. Regional input-output tables represent newly developed tool which can be used for the assessment of the regional economic impact of the particular industry and its institutions. The regional…

This paper establishes the empirical relationship between the fiscal policy, demographic transition and public spending or expenditure on education in India with special reference to higher education. Public higher education spending is shown to be related to fiscal policy, if such expenditure is budgeted by the General Government and financed by…

Financial literacy is an important but oft ignored skill that is vital for young people. This study measured financial literacy levels among high school students (N = 608) in India and found low levels of performance on standard measures of financial literacy. The percentage correct score on the basic financial literacy questions was 45% and on…

Recent trends towards harmonising and internationalising business and economics studies in higher education are affecting the structure and content of programmes and courses, and necessitate more transparent and comparable information on students' economic knowledge and skills. In this study, we examine by linear multilevel regression modelling…

The article is devoted to elaboration and construction of a static model of macroeconomics in which economics is considered as an unstructured holistic unit, the input of which receives the resources, and the output is the result of the functioning of economics in the form of gross domestic product or gross regional product. Resources are…