Abstract Many colleges and universities are purchasing small time-sharing systems, at relatively low cost. For example, IBM has introduced a new facility which permits up to 31 teletype connections and, when operated at minimum configuration, requires monthly operating costs of less than $8,000. Furthermore, business schools do not have their own computer, nor must they be connected with a large university which supports a computer. Commercial time-sharing is readily available from several sources, regardless of geographic location. Discounted rates are usually provided for educational use. Fixed costs are typically under $100 per month for the rental of teletype, including maintenance. Cost of operating terminals runs from about $8 to $13 per terminal hour of use, and are expected to be reduced with improvements in hardware and software. According to a survey reported in a recent issue of the journal Datamation, education is the fourth largest user of time-sharing. The increased availability of time-sharing systems and low entry cost have prompted many schools of business to obtain teletype terminals either by outright purchase or through rental contracts.

Abstract The article focuses on exposing first-semester accounting students to accounting periodicals. Since many introductory accounting courses include a substantial amount of bookkeeping-type work, students often develop a conception of accounting as a dry and unstimulating field. This viewpoint can often be radically altered by exposing first-semester accounting students to the activities of professional accountants. In order to expose the first-semester introductory accounting students to the activities of accountants and to give them a much broader perspective of accounting than can be derived from their textbooks, each of the students are required to select an article from one of several accounting periodicals and prepare a written report on the article. Students are encouraged to select articles that are both interesting and understandable to them. They are asked to avoid overly technical articles such as those dealing with complex tax matters. Most students are able to find suitable articles in recent issues of The Journal of Accountancy. Other recommended sources of accounting articles are The Accounting Review, Management Accounting and The Federal Accountant.

G. C. Archibald, J. Richmond; On the Theory of Foreign Exchange Reserve Requirements12, The Review of Economic Studies, Volume 38, Issue 2, 1 April 1971, P

[This paper determines the time series behavior of investment, output, and prices in a competitive industry with a stochastic demand. It is shown, first, that the equilibrium development for the industry solves a particular dynamic programming problem (maximization of "consumer surplus"). This problem is then studied to determine the characteristics of the equilibrium paths.]