Economic Measurements Today: A Textbook

Posted: 23 Jun 2020 Last revised: 8 Sep 2021

See all articles by Andrey Igorevich Artemenkov

Andrey Igorevich Artemenkov

Westminster International University in Tashkent (WIUT)

Date Written: April 26, 2020

Abstract

This is February 2020 book draft on the subject of Economic Measurements. It introduces the subject matter as well as provides coverage and discussion of the 4 principal areas in the discipline of Economic Measurements: the Investment-Financial Valuation, the Professional Valuation, the Assessment of Efficiency of Investment Projects, as well as the Accounting Measurements.

Some structural highlighths of the book are as follows:
-the subject of Accounting Measurements introduces the discussion of procyclicality of fair values and identifies 2 positive-feedback contours of such procyclicality.
- the Subject of Professional Valuation is treated through the prism of valuation bases introduced by the International Valuation Standards (IVSs) using a Venn-diagramatic approach tool; a discussion of theoretical advancements within the Professional Valuation is organized on the basis of TAPA (the Transactional Asset Pricing Approach developed by Dr. V. Michaletz and the author) and some aspects of historic and insitutional analysis.
-Some areas of business valuation are covered in a discussion of the Investment-Financial valuation, including its going-concern premise, and the need to incorporare an explicit accountal for the default risks.

The book's organizing idea is in discussing the often-elusive nexus between the money and value and treating market prices as an admixture of fundamental components and liquidity effects.

Note: Downloadable document is in Russian.

Keywords: Economic Measurements, Accounting Measurements, Investment-Financial Valuation, Professional Valuation, Assessment of Eficiency of Investment Projects, Fair Value, Fundamental Value, Liquidity Effects

JEL Classification: D46, G11, G12, G18

Suggested Citation

Artemenkov, Andrey Igorevich, Economic Measurements Today: A Textbook (April 26, 2020). Available at SSRN: https://ssrn.com/abstract=3585961 or http://dx.doi.org/10.2139/ssrn.3585961

Andrey Igorevich Artemenkov (Contact Author)

Westminster International University in Tashkent (WIUT) ( email )

12 Istiqbol St
Tashkent, 100047
Uzbekistan

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