The central concepts of finance Essay Example | Topics and Well Written Essays - 3000 words

The central concepts of finance - Essay Example In this case therefore, as argued by Bodie, et al, (2011), if the market is not able to predict its fluctuations, but does asses them as being likely or less likely, then the likelihood can be accessed through mathematical process using the relevant information in the market. Thus, factors such as price reflect all the relevant information that is available in terms of the total value of an asset. With the introduction and analysis of the financial efficiency, this paper provides a comprehensive analysis of the market efficiency types and the approaches to test this efficiency. After the emergence of stock market, there was a widespread concern and controversy that made most of the investors to be keen when participating in the market. The situation was caused by the fact that their approach of making their profits seemed inappropriate. Considering that the stock market is an important component of the capital market, many economists in the world developed serious concerns and intere sts in exploring the trend of stock price. In this case, even though the intentions were different, there has been a central focus on the trend of the capital market in the global financial market. As the efficient market hypothesis became known to many, it became also an important part of the school of rational expectations theory, and one of the theoretical foundations of modern economic principles. As argued by the America financial economist, Fama (1965), if the market price fully reflect the all of available information.

Education system in Saudi Arabia and the United States Research Paper

Education system in Saudi Arabia and the United States - Research Paper Example Similarities between the US and Saudi Arabian education systems In both countries, the government has a great influence on education. For instance, governments of both countries fund the free public education. It is mandatory for children to attend school in both countries. Education is offered by the public and private institutions in both countries. Public institutions are obliged to follow a common curriculum set by the various education boards. The private institutions are free to develop their curriculum, but the designed curriculum should be within the limits of low. The private institutions have freedom determine the fee to be paid by students for offering the education services. In both countries, the higher education has gone through massive improvement and transformation (Cordesman, 2003). The number of universities and tertiary institution in both countries has been on an increase in the past few decades. The government and the private sectors have been involved in developing the higher education in both the US and Saudi Arabia. In addition, the systems in both countries facilitate awarding of scholarships to students wishing to pursue higher education. Awarding of scholarships is open not only to the residents of the respective countries but also students from foreign countries. Essentially, the education systems of both countries accommodate foreign education exchange programs.