Calvo Clause or Calvo Doctrine – Explained

by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations

What is the Calvo Doctrine?In international law, the Calvo Doctrine is a policy that guides or regulates the jurisdiction of governments in international disputes and treaties. Notably, the Calvo Doctrine or Calvo Clause prohibits the use of force in collection of...

Sum of Squares – Explained

by TheBusinessProfessor | Feb 23, 2025 | Research, Quantitative Analysis, & Decision Science

What is the Sum of Squares?In regression analysis, sum of squares refers to a statistical method of analyzing how data series are generated and how they disperse. The goal of the analysis is to uncover how the data points or series are alloted a fitting function....

Subjective Theory of Value – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What is the Subjective Theory of Value?The subjective theory of value stems from the belief that the value of an object lies in how much people desire or need the object and not determined by the inherent qualities of the object. Carl Menger and Eugen von Boehm-Bawerk...

Substitution Effect (Economics) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What is the Substitution Effect?The substitution effect is an economic concept based on how a change in the prices of goods or a change in income affects the number of goods demanded by consumers. When there is an increase in the prices of goods or decline in the...

Emirates Investment Authority – Explained

by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets

What is the Emirates Investment Authority?The Emirates Investment Authority (EIA) refers to an investment fund that is owned by the state government of United Arab Emirates (UAE). It was regulated in the year 2007 for identifying better investment opportunities both...

Economic Conditions – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What are Economic Conditions?Economic conditions tell about the current condition of a nations or a locations economy. There are continuous fluctuations in these conditions followed by business and economic cycles, when the economy is in the expansion or contraction...

Treasury Yield – Explained

by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets

What is a Treasury Yield?Treasury yield refers to the percentage return on investment (ROI) on the U.S. government debt instruments. For simplicity, Treasury Yield is the interest that the Treasury department pays you for allowing the government to borrow money from...

Trimmed Mean – Explained

by TheBusinessProfessor | Feb 23, 2025 | Research, Quantitative Analysis, & Decision Science

What is a Trimmed Mean?A trimmed mean, which is also known as a truncated mean, is a mode of calculating averages by removing a small percentage of the higher and lowest values before the mean value is determined. The trimmed mean is calculated using a standard...

True Cost Economics – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What are True Cost Economics?This refers to an economic model which aims to add the cost of negative factors into the price of products and services. True cost economists actually propose that products should be taxed according to the harm that they cause the...

Subjective Probability – Explained

by TheBusinessProfessor | Feb 23, 2025 | Research, Quantitative Analysis, & Decision Science

What is Subjective Probability?Subjective probability refers to a form of probability that is based on the opinion of perspectives of individuals about an occurrence. Subjective probability is formed from the experience of an individual and personal belief as to...