Monthly Archives: August 2007

What is the difference between GNP and GDP?

A question from Yahoo! Answers: What is the distinction between GNP and GDP? The difference is very minor. GDP measures goods and services produced within the geographic boundaries of a country. GNP measures goods and services produced using capital controlled … Continue reading

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A global currency?

A question from Yahoo! Answers: How can entire globe follow one currency system? That’s not the right question. The right question is, SHOULD the entire globe follow one financial system? And the answer to that is no. A common currency … Continue reading

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How did World War I end?

A question from Yahoo! Answers: How did World War I end? World War I ended differently for different countries. Russia dropped out on March 3, 1918, after signing the Treaty of Brest-Litovsk with the Central Powers. Bulgaria signed an armistice … Continue reading

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The driving force of European exploration

A question from Yahoo! Answers: What major factors encouraged european exploration in the 1400 and 1500s? Only one: mercantilism. This was an economic doctrine (originating, as far as we know, in the 14th-century Germany) which taught that wealth is ownership … Continue reading

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Skyscrapers in Bangalore?

A question from Yahoo! Answers: Why bangalore,with his economic might don’t build more skyscraper to lodge the booming population of Bangalore The picture that see from google shows a medium type of city with too many people in the street. … Continue reading

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Who invented wallpaper?

A question from Yahoo! Answers: Who invented wall paper? What was the color of the first wall paper? Did it match the drapes? The wallpaper was invented in Europe some time during the Renaissance. Early wallpapers were modeled after medieval … Continue reading

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Why is the Markowitz model called mean-variance?

A question from Yahoo! Answers: Why is the Markowitz model called mean-variance? Because it actually minimizes the variance… shouldn’t it be minimum-variance model? The model is called mean-variance, because it studies the relationship between return (as represented by mean return … Continue reading

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Portfolio theory and statistics

A question from Yahoo! Answers: Is there a connection between portfolio theory and statistics? In my finance textbook, it says that owning 30 individual stocks is considered diversified. Is there a connection between this assertion and the statistical concept that … Continue reading

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Stock exchange and local market

A question from Yahoo! Answers: What similarities and differences exist between a stock exchange and a local market? There are more differences that similarities, really… A local market has no market makers; if no one brought broccoli today, there will … Continue reading

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Opportunities for Economics majors

A question from Yahoo! Answers: What opportunities are there for Economics graduates? I am finishing a Bachelors in Economics, and will probably do masters too in Economics. The problem is that I is that I cannot find any information on … Continue reading

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