As the country in which we live increasingly feels the pinch it seems certain to ask us to pay more for our education. The Policy Exchange, for instance, recommends higher fees overall and a free market for universities to charge what they think the market will bear. You can read its recommendations here.
Apart from charging higher fees it is also inevitable that our higher education institutions will try and and save on the cost of teaching students and they are right to do so. There is no longer any good reason to think that the best way of teaching a class is by placing a lecturer at the front of a hall. Online courses are becoming a key part of the whole education system and will become increasingly important. Any university or college which does not deliver a large part of its courses online will find that it can no longer compete.
Fortunately accounting and bookkeeping are almost the ideal subjects to study by distance learning in general and online learning in particular. Find out more about courses at the Accounting and Bookkeeping College. You might find that they cost less than you think.
Thursday 11 February 2010
Thursday 4 February 2010
First law of economics isn't taught on an accounting course
Sometimes, just sometimes, the madness of the commodity markets briefly makes sense.
The price of crude oil has seen some of the more dramatic moments of market insanity in recent years soaring up to absurd heights to help trigger the international recession then plummeting in panic as it became clear that there was more than enough oil to fuel the worl for the time being. At both extremes the exaggerated price was not the inevitable collision of worldwide supply and demand but rather the behaviour of commodity buyers artificially creating and then removing demand as they expected their colleagues to be even more excitable than they themselves.
Now, though, OPEC is talking sense, "The risk is you see a lot of oil in the market and no one is buying it. Then the price will come down."
Something very similar happened to money, more specifically lending, in what has come to be known as the 'credit crunch'. This was in a financial market that some believed was so perfect that it couldn't fail.
How long will it be before the oil market or the financial markets fail again?
At the Accounting and Bookkeping College we aim to teach you how to measure and record movements of money. We can't, however, show you how to speculate successfully. whether it be in oil or financial derivatives or even property, because speculation is a skill that requires intuition rather than sense.
The price of crude oil has seen some of the more dramatic moments of market insanity in recent years soaring up to absurd heights to help trigger the international recession then plummeting in panic as it became clear that there was more than enough oil to fuel the worl for the time being. At both extremes the exaggerated price was not the inevitable collision of worldwide supply and demand but rather the behaviour of commodity buyers artificially creating and then removing demand as they expected their colleagues to be even more excitable than they themselves.
Now, though, OPEC is talking sense, "The risk is you see a lot of oil in the market and no one is buying it. Then the price will come down."
Something very similar happened to money, more specifically lending, in what has come to be known as the 'credit crunch'. This was in a financial market that some believed was so perfect that it couldn't fail.
How long will it be before the oil market or the financial markets fail again?
At the Accounting and Bookkeping College we aim to teach you how to measure and record movements of money. We can't, however, show you how to speculate successfully. whether it be in oil or financial derivatives or even property, because speculation is a skill that requires intuition rather than sense.
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