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08-07-2011 10:15 PM

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cost, insurance and freight (F3)<br />The full-cost valuation of imports paid by purchasers. International trade statistics usually measure imports 'c.i.f' so that all the charges of international trade are included in balance of payments accounts.

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Group of Seven (F3)<br />A grouping of finance ministers and CENTRAL BANK governors of the leading

one-shot game (C7)<br />A game with the initial decisions on price, output and advertising expenditure maintained throughout the game.
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08-07-2011 11:05 PM

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Christian socialism (P2)<br />The intellectual and practical endeavour to apply Christian social principles to an industrial and competitive society. It is particularly associated in England with Frederick Denison Maurice (1805-72) and Charles Kingsley (1819-75) who preached the merits of co-operation, promoted associations for working men and founded in 1854 a working men's college. In the twentieth century, the FABIAN sociETY and GUILD SOCIALISM continued the tradition; many in the UK Labour Party have attempted to marry Christian ideals to socialism. In France SAINT-SIMON (17601825) recommended a new Christianity which would encourage producer associations; later in the nineteenth century there were strong Roman Catholic movements to provide a theology of socialism. In the USA Washington Gladden (1836-1918) fought to make the Congregational Church accept its social responsibilities and inspired the Social Gospel movement. Richard Ely (1854-1943), a founder of the AMERICAN ECONOMIC ASSOCIATION, expressed his Christianity in his advocacy of the public control of resources and the encouragement of trade unions. The Society of Christian Socialists was founded in 1889. The earliest inspirations for Christian socialism were the New Testament, with its injunction 'Love Thy neighbour as Thyself', and the experiment of the early Church of holding all things in common. In the Middle Ages, AQUINAS and others recommended a JUST PRICE.<br /><em>Reference</em><br />Cort, J.C. (1988) Christian Socialism: an informal history, Mary Knoll, NY: Orbis. Norman, Edward (1987) The Victorian Christian Socialists, Cambridge: Cambridge University Press.

Slutsky effect (DO)<br />A consumer's reaction to a change in price. This fundamental equation of price theory splits the effect of a price change into an INCOME EFFECT and a SUBSTITUTION EFFECT. The effect can also be applied to the effect on the labour supply of a LUMP-suM TAX. HICKS in Value and Capital attributed this to the Russian mathematician and statistician SLUTSKY who contributed suggestions about consumer theory to economics.
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<strong>MDHE</strong> – Missouri Department of Higher Education, the Missouri state agency overseeing the state' s higher education systems and related policies and administering student aid programs, including the FFEL Program and state aid programs such as the Bright Flight Scholarship. Also known as the DHE. The agency' s website may be found at www.dhe.mo.gov.
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08-08-2011 12:01 AM

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dual exchange rate (F3)<br />The two values of a currency determined separately for different sets of monetary transactions. A fixed exchange rate can be used for normal commercial transactions and a floating rate for capital account transactions. Mexico has followed this system.<br /><em>See also:</em> multiple exchange rate

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contrarian investment strategy (G1)<br />A stock market practice of buying stocks and shares that have been losing value and selling stocks short which have been improving. This approach is based on the view that a stock market overreacts to the information it receives. Price-earnings and book-market ratios are used to identify
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Agricultural Adjustment Act 1933 (Q1)<br /> The basis of US federal support to farmers which has provided price support to maintain farm incomes. It created the COMMODITY CREDIT CORPORATION to execute its policy.

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08-09-2011 02:31 AM

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<strong>American Student Assistance (ASA)</strong> – the MDHE' s servicer for FFEL Program loans.

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Smoot-Hawley Tariff Act 1930 (F1)<br />The major US federal statute to establish PROTECTIONISM in the twentieth century. It included TARIFF schedules for over 20,000 products, proposing increases in many cases. It led to BEGGAR-MY-NEIGHBOUR policies which some economists claim was a major cause of the world-wide depression in the 1930s.<br /><em>See also:</em> Reciprocal Trade Agreements Act

<strong>CFR</strong> – Code of Federal Regulations. The regulations from the U.S. Department of Education relating to the federal student aid programs are codified in Volume 34. Part 668 governs the student assistance general provisions. Part 682 regulates the FFEL Program.

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08-09-2011 02:58 AM

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<strong>FISAP</strong> – Fiscal Operations Report and Application to Participate in the federal campus-based aid programs. Information about the FISAP, instructions, and the actual form may be found at: http://www.cbfisap.ed.gov/CBSWebApp/welcome.jsp.

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natural trade (F1)<br />FREE TRADE that follows its natural course and is not distorted by government subsidies. Strongly advocated by Adam SMITH.

output-inflation trade off (E3) see Phillips curve
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<strong>Department of Higher Education (DHE)</strong> – The Missouri state agency overseeing the state' s higher education systems and related policies and administering student aid programs, including the FFEL Program and state aid programs such as the Bright Flight Scholarship. Also known as the MDHE. The agency' s website may be found at www.dhe.mo.gov.

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