This paper analyzes stock index reactions to interest rate actions by the FOMC. Unlike previous analyses this study utilizes macro-economic indicators and accounts for pre-decision market expectations. Results indicate significant reaction of the stock market to the actions of the FOMC regardless of interest rate actions matching pre-decision market expectations. Binary dummy variables representing the five days following an FOMC meeting indicate a significant reaction for days one; two and three of the Dow Jones model and for day five of the NASDAQ model. The magnitude of the coefficients are 0.17%, 0.09%, -0.07% and -.15% respectively. These findings may be sensitive to a priori choices regarding the definition of the market expectation variable.

The purpose of this research project is to examine the educational and job-training opportunities offered in the Lower Rio Grande Valley, and how the skills acquired from these programs assimilate with the job opportunities available in the area. Specifically, we will look at the counties of Cameron, Hidalgo, Starr, and Willacy. The central hypothesis of this project is that the Rio Grande Valley in its efforts for a more highly trained workforce may actually be enabling its workforce to seek better employment opportunities in other areas.

The objective of the survey is to observe students' perceptions of videoconference courses offered by the University of North Texas (UNT). The perceptions of 348 students enrolled in videoconferencing (VC) courses in the fall 2002 semester were obtained through a 29-item course evaluation questionnaire. From this study, I conclude generally that UNT students perceive videoconference courses as a positive stride in providing classes. While it was expected that students at remote sites would experience greater technological problems and lower levels of student/teacher interaction, evaluations from remote sites indicate higher degrees of student satisfaction than those students taking VC courses at the main campus location.

The well-being of the American steel industry is vital to the overall health of the United States (U.S.) economy. This belief is, in part, the impetus for the enactment of protective tariffs and quotas. This paper examines the impact of the announcement of the 2001 tariffs. Numerous forces have buffeted the U.S. steel industry over the last decade. Domestic steel firms operate in a highly global, fiercely competitive, and capital-intensive industry. This environment has proven inhospitable to the U.S. steel industry, widely criticized for inefficiency and overcapacity. A regression analysis finds that the announcement of the 2001 tariffs had no statistically significant impact on U.S. domestic raw steel production. Supporting theories are reexamined, and the implications of this finding for trade policy are explored.

This research shows that the Japanese rice policy has affected the volume of exported and imported rice; moreover, multilateral and bilateral agreements have also affected Japanese rice policy. Japan's institution of subsidies and trade barriers has made its rice products too expensive for foreign trade and its domestic consumers. Since the WTO agreement has forced Japan to open its market gradually over six years, Japan may be unable to compete internationally because of its limited land, high labor costs, and the field utility fees.