Econometrics – Explained

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

What is Econometrics?Econometrics is the use of quantitative statistical methods and mathematics to forecast or predict future trends on the basis of historical data. Econometrics can be divided into two broad categories theoretical and applied econometrics.Who...

Export Credit Insurance – Explained

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

What is Export Credit Insurance?Export Credit Insurance (ECI) mitigates the payment risk associated with foreign trade. ECI guarantees payment on commodities exported to foreign country and thus protects the exporter against non-payment.How is Export Credit Insurance...

Export Broker – Explained

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

What is an Export Broker?An export broker or agent is a person who acts as an intermediary between buyer and seller in the international market. An export broker enables both parties to execute internal transactions. An export broker brings the two interested parties...

Export Administration Regulations (EAR) – Explained

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

What are Export Administration Regulations (EAR)?The Export Administration Regulations (EAR) are regulations issued by the Bureau of Industry and Security. Bureau of Industry and Security is supervised by US Commerce Department. The EAR applies when exporting...

Experience Curve (Economics) – Explained

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

What is the Experience Curve?The experience curve, also known as Henderson’s law, is an economic model stating that the more a firm produces of a particular good or service, the more it gains in efficiency. Thus, the cost of production decreases in proportion to...

Excise Taxes – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Taxation

What is an Excise Tax?There are many types of taxes. Some taxes are paid by consumers directly, and some are paid indirectly. Indirect taxes are not paid by consumers directly but instead it is levied by taxing authorities on businesses, merchants, and producers who...

European Committee for Standardization (CEN) – Explained

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

What is the European Committee for Standardization (CEN)?The European Committee for Standardization (CEN) is an international organization of 34 European countries. The CEN is aimed at accelerating and fostering European economies in global markets by providing...

European Central Bank – Explained

by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry

Update Table of Contents What is the European Central Bank?How Does the European Central Bank Work? What is the European Central Bank?The European Central Bank (ECB) is the bank of European Union (EU) which sets and oversees monetary policy of the states which have...

Empirical Testing – Explained

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

What is Empirical Testing?Empirical testing is a research method that employs direct and indirect observation and experience. These observations are recorded and analyzed using quantitative methods. What is the Empirical Cycle?The empirical cycle includes the...

Global Depositary Receipts – Explained

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

What is a Global Depositary Receipt?A Global Depository Receipt (or GDR) is a certificate issued by a bank that purchases shares of a foreign company and creates a security on local exchanges that are backed by these shares.How Does a Global Depositary Receipt Work?A...