Transfer application essays
Wednesday, August 26, 2020
Moll Flanders :: Moll Flanders Essays
George Eliot composed, "It is never past the point where it is possible to be who you may have been." As I read those words, I was unable to discover another who fit them just as Moll Flanders. In spite of condition and karma and chances set against her every step of the way, this lady would not bow to the tried and true way of thinking that typically leads the oppressed and the seized. Also, it is in that diligence of soul I discover Eliot's words sounding accurate. Moll Flanders naturally introduced to a universe of cushion bolted entryways and dim threatening corners was bound for significance basically in light of the fact that she lived it. The story starts as a story advised to a vagrant recuperated and guaranteed by Hibble, a man of puzzle, dim and astute. The vagrant, Flora, has been recovered by Hibble and is on an excursion to America to meet a destiny she doesn't comprehend. En route, Hibble has been told to peruse to her the journal of her mom, Moll Flanders. It is a prologue to a lady whoââ¬â¢s soul doesn't run over well on the composed page, yet Hibble battles along, attempting to tempt the little youngster with the memory of an unprecedented companion and partner. Dangers and talks start an excursion that before long interests the young lady on its own legitimacy. Her mom, no doubt, was more than she at any point envisioned. Furthermore, it is in those pages that we discover our very own legend. Moll Flanders, destined to an indicted cheat, was stranded the day she was conceived as the state did the sentence of death put upon her mom. Moll arrived at the foot of the Church, figuring out how to peruse, to supplicate and to fight off pietism and the grabbing hand of the minister in the deal. Leaving the Church in an unconventional way, Moll skiped from home to home, getting herself a lot for a few and too little to even consider warding off others. En route, she figured out how to snicker and to limp due to the consideration and cold-bloodedness that have large amounts of our universes. It was in the benevolence that Moll ended up bound in adoration to an impossible craftsman and it was in that association Flora was considered.
Saturday, August 22, 2020
Project Management Essay Example | Topics and Well Written Essays - 3250 words
Venture Management - Essay Example Henry Fayol altogether added to the improvement of vital administration methods in the development business through building up five elements of the executives. Arranging was the primary capacity of the executives which forward-thinking is central to the achievement of an association. Cole sees that all the parts of assembling rely upon the underlying arrangement to a huge degree. It includes directing an examination of the current circumstance of an association, just as its future. After this examination, the directors set the systems for achievement of the hierarchical objectives that depend on where the administration might want the association to be in future. Arranging proceeds for the duration of the life of the association particularly because of the way that changes might be essential so an association can adapt to the elements of the working condition. At the end of the day, arranging encourages the supervisors to plan to think of answers for developing issues. It is signifi cant for the directors to manage difficulties confronting the business just as the usage of chances for the achievement of the association. Bradford sees that key arranging is the training whereby an association builds up its strategy to achieve forthcoming destinations. The chiefs are responsible for assessing the working condition and the inside elements that influence business through vital wanting to guarantee that the authoritative objectives are practiced. This includes leading a SWOT (Strengths Weaknesses Opportunities and Threats) investigation to guarantee that the business stays on target. ... Arranging proceeds for the duration of the life of the association particularly because of the way that changes might be vital so an association can adapt to the elements of the working condition. At the end of the day, arranging causes the directors to plan to think of answers for rising issues. It is significant for the supervisors to manage difficulties confronting the business just as the use of chances for the accomplishment of the association. Bradford (2000) sees that vital arranging is the training whereby an association builds up its game-plan to achieve up and coming targets. The administrators are accountable for assessing the working condition and the inside variables that influence business through vital intending to guarantee that the authoritative objectives are cultivated. This includes leading a SWOT (Strengths Weaknesses Opportunities and Threats) examination to guarantee that the business stays on target (Cole, 2003). Supervisors in the development and assembling b usinesses have a task to carry out in guaranteeing that in the nick of time conveyances are cultivated. Current creation is request driven and thusly arranging is important to guarantee consumer loyalty. Egan accentuated on client center as a significant angle with respect to the achievement of the development business. Selection of Eganââ¬â¢s hypothesis of client center has essentially added to the rise of in the nick of time conveyances in the development business whereby temporary workers convey the item before clients get on edge about their needs. Getting sorted out is the second among Fayolââ¬â¢s elements of the board in which the directors get ready for execution of the arrangement. This is practiced through assessing and dispensing the accessible assets to help in the
Friday, August 21, 2020
Mystics and Saints Patti Smith and Isabelle Eberhardt
Mystics and Saints Patti Smith and Isabelle Eberhardt Iâve seen Patti Smith only once in my life, not onstage but in the checkout line of the Whole Foods in Chelsea: tall, gaunt, overcoated, unmistakably herself. Iâve never been a fan of her music, which belongs for me in that category of extremely brilliant and personally disinteresting where I file artists like Tarkovsky or Kurosawaâ"artists whose work I can appreciate without particularly wanting to embrace. But like a lot of other people, I wept my way through her National Book Award-winning memoir, Just Kids, entranced not just by the extraordinary mythology of her life but her flawlessly rendered version of a lost New York to which no artist, genius or hack, can ever moveâ"a New York that very possibly never existed, or at least not for anyone who wasnât Patti Smith, but in either event will certainly never exist again. M Train is a very different book than Just Kids, as incongruous in some ways as the idea of Patti Smith poring over vegetables in a Whole Foods (out of all the gin joints in all the towns, etc.). Itâs a discursive chronicle of an older, intensely solitary life characterized by loss so chronic as to be inescapable. Smith leaves behind beloved coats, photographs, cameras, pens, notebooks, treasured cafés shuttered by gentrification. All of these losses are a kind of extended shorthand for the greatest loss of all: that of her longtime partner, the musician Fred âSonicâ Smith, whose sudden, unexpected death and the subsequent void of his absence permeates every page of Smithâs often-dreamy account of travel, work, travel, books read, coffees drunk. M Train is a book almost entirely about absence and longing, but it is written by a person who would far rather be alone than with a poor substitute for the beloved, and so it is also the daily résumé of a life that is enviable in its Spartan freedom. She feeds the cats. She cleans their water bowls. She travels: to play shows, to give readings, to see friends, to take photographs of the graveyards of people whose art she admires. She drinks a lot of coffee and she makes a lot of spaghetti. She is accountable to no one, to nothing, but the practice of her art. âHere is joy and neglect,â she writes. âA little mescal. A little jacking off, but mostly just work. â"This is how I live, I am thinking.â Isabelle Eberhardt was born in Switzerland in 1877, the illegitimate child of a generalâs wife and the household tutor, a Russian nihilist who dressed her in mens clothing and took complete control. He taught her to read and write French, Russian, and Arabic and insisted she undertake hard physical labor outdoors with her male siblings. He taught her to ride horses, despise bourgeois values, and disdain public opinion. Eberhardt may have learned her lifelong desire for escape in the hardships of her childhood, but her fatherâs punishing lessons also gave her the multitude of skills sheâd later need to survive as a woman alone in North Africa. After fleeing Switzerland for Algeria, she converted to Islam and embarked on the nomadic life for which she would gain notoriety in her lifetime and admiration after her death. She traveled throughout North Africa dressed likeâ"and often passing asâ"a man, smoking hash in the Tunisian equivalent of dive bars and writing articles, essay s, and fiction. Her collected body of work, including journals and letters, ultimately comprised thousands of unpublished pages produced in a little over a decade. She survived illness, dire poverty, and an assassination attempt (by saber, no less), joined a secret Sufi brotherhood, and conducted a long, wildly romantic affair with a young Algerian soldier before her sudden death in a flash flood at the age of 27. Smith came to Eberhardtâs life and work early in her own career, and for a while shared Eberhardtâs obsession with North Africa and the Middle East: âI was drawn,â she writes in Just Kids, âto the Middle East: the mosques, the prayer rugs, and the Koran of Muhammad. I read Nervalâs Women of Cairo, and the stories of Bowles, Mrabet, Albert Cossery, and Isabelle Eberhardt.â A 1975 Smith poem, âThe Ballad of Isabelle Eberhardt,â is written from Eberhardtâs point of view (âI condemn any pattern / I bind I blendâ). Smithâs relationship with North Africa veers solidly into the arena of Orientalism, all âexoticâ vistas and markets, but Eberhardtâs engagement is less easy to categorize: her obsessive documentation of her travels and the people she encountered employs a number of Orientalist stereotypes, but she was also a devout Muslim and fluent speaker of Arabic who strongly advocated for French decolonization of North Africa. If Smithâs Orientalism is tha t of a dreamy pilgrim to a land of magical barbarians, Eberhardtâs is something less easily dismissed: the observations of a gender-bending polyglot who spent much of her writing exploring a deeply personal relationship to her faith and the people she encountered. I read Eberhardt for the first time a few weeks after I finished M Train; itâs easy to see why Smith was so drawn to her history and her work, and both womenâs early lives follow similar arcs of solitude, devotion, and self-discovery. According to Paul Bowlesâs introduction to Oblivion Seekers, a brief, patchwork collection of Eberhardtâs writing (fiction, nonfiction, and strange meditations that are neither, or possibly both), âher nature combined an extraordinary singleness of purpose and an equally powerful nostalgia for the unattainable,â a description that could just as easily be applied to Patti Smith. Itâs easy to problematize the iconoclastic appeal of both women, who defined their own independence by rejecting femininity itself rather than rejecting or subverting the ways in which patriarchal constraints are applied to (white, in this case) womenâs lives (appropriately enough, Eberhardt is one of the only female writers or artists Smith cites as influential i n either M Train or Just Kids, though sheâs a big fan of The Killingâs fictional detective Sarah Linden). But itâs also difficult to escape the tremendous appeal of their narratives, particularly as a woman writer deeply invested myself in building a life outside dominant ideologies of what womenâs stories should look like. The idea of a life indifferent to any demands, free of yearning for material comfort, devoted exclusively to the pleasures and hardships of work, of travel, of continual engagement with the foreign, is an idea fundamentally rooted in a certain kind of privilege, accessible only to people who have the option of passing through the world with the freedom to envision themselves as independent. And yet both womenâs writing and lives offer a glimpse of a path so engaging as to be impossible to entirely reject. âI was my own lucky hand of solitaire,â Smith says in M Train; her refusal to cede to the idea that a woman alone is a tragic figure is so absolute that she does not even entertain the thought long enough to reject it. âThey are epicureans, voluptuaries; perhaps they are sages,â Eberhardt writes of her titular oblivion seekers, hash smokers in a kif den. âEven in the darkest purlieu of Moroccoâs underworld, such men can reach the magic horizon where they are free to build their dream-palaces of delight.â That freedom, fraught as it may be, is a promise itâs hard to turn down. Sign up for True Story to receive nonfiction news, new releases, and must-read forthcoming titles. Thank you for signing up! Keep an eye on your inbox.
Sunday, May 24, 2020
College Tour Experience Essay - 1188 Words
COLLEGE TOUR EXPERIENCE One of my main goals in life is to be successful. Becoming successful is a lot of hard work. There are a total of twelve grades needed to be completed in this lifetime, just to be able to gain acknowledgement and education of what will occur in life. Well Iââ¬â¢ve made it to my junior year in high school and itââ¬â¢s been a rough road but Iââ¬â¢m still pushing through. One of my major goals is to make it to college to start my career and have a successful future. The current high school that Iââ¬â¢m attending is teachers preparatory. The deans, Ms. Wilson, Mr. Otto and Mr.Gansrow allowed me to participate in this year college tour. Our bus trip to the first college is Binghamton University. All I can think about is this canâ⬠¦show more contentâ⬠¦Another college that seems to provide that attention is Oneonta. We arrived at Oneonta College and the first thing I see is SNOW!!! This tells me that the temperature up here is cooler then the temperature in Brooklyn. The appearance of the school seemed pretty quiet and small, which is an advantage towards Binghamton. When we entered a young man who has graduated from Oneonta and now works there explained to us about admissions, programs, and life on and around Oneonta College. Our tour guidance at Oneonta was a junior name Alexis who majored in education and biology so far in the school. The first area she showed us was the diner area which was smaller than the lunch space in Binghamton but it was cozy and comfortable. Next were the classrooms which some can fit up to 300 students and some were made for smaller classes such as 17 students to 1 instructor. Classroom setups are similar to Binghamton but seeming that Binghamton has more space the classroom sizes may decrease. Oneontaââ¬â¢s majors are also similar to Binghamton, but this college seems to put more effort into education majors which is another advantage. Lastly, Alexis showed us the dorm rooms which were very short in height but made up in length and width. The rooms were smaller and less spacious as the ones in Binghamton, but they were cozy and comfortable enough to live in. The classes seemed to be decentShow MoreRelatedundertake project work Essay1229 Words à |à 5 PagesDay tour to Fremantle Foundry Engineering CO. +61 8 9494 8100 +61 8 9494 8199 2 Contest Link Henderson WA 6166 Project definition The project is based on organizing a day tour to a major maritime company in Fremantle, WA, to introduce a business management class of 30 students to see how a good management program operates. As allocated budget, we have $ 10000 available funds, which will be detailed later in the project. To ensure that we succeed in the completion of the project eachRead MoreSamples of Tourism Thesis1096 Words à |à 5 PagesIMPORTANCE OF EDUCATIONAL TOUR TO THE STUDENTS OF BACHELOR OF SCIENCE IN TOURISM MANAGEMENT IN BATAAN PENINSULA STATE UNIVERSITY MAIN CAMPUS 2012-2013 ______________________________ An Undergraduate Thesis Presented to the College of Arts and Sciences Bataan Peninsula State University ______________________________ In Partial Fulfillment of the Requirements for the Degree of Bachelor of Science in Tourism Management ______________________________ by Aldrin Gerald R. Galiste OctoberRead MoreThe Black College And University Tour This Year974 Words à |à 4 Pageswould be an honor to receive the Greater Grand Rapids Jack and Jill College Tour Scholarship award to attend the Historical Black College University tour this year. I believe education is the key that opens up many doors and opportunities. Like my mentor always tell me ââ¬Å"education increases your value in life, because the more you know the more you can apply, and the more you apply the more you will obtain.â⬠Attending the HBCU tour will not only open my eyes to the opportunities and culture of ourRead MoreThe Education Of The United States Essay1465 Words à |à 6 Pagesfrom families with no college degree. Having no college experience forces many families to be reluctant about sending their child off to college once high school is finished. In view of this, schools should offer more college prep programs. Not simply A.P. classes, but courses that target Hispanic students and their f amilies. These programs should focus on developing successful study habits, writing college applications, general education requirements in college, and tours of state funded universitiesRead MoreFavelaExperience With about 6.32 million people living in Rio de Janeiro, and the World Cup around600 Words à |à 3 PagesUniversity of Virginiaââ¬â¢s alumni, Elliot Rosenbergââ¬â¢s Favela Experience business located in Rio de Janeiro launched in August of 2012 has immediately taken this time to advertise the commodities he can provide during the World Cup travelersââ¬â¢ stay. Rosenbergââ¬â¢s intention was to change the negative stereotyped views of the poverty tours. His goals are to increase the income of the hosts/operators and provide authentic culture and history tours. Elliot strategically draws the attention of his audienceRead MoreThe Role Of Cyber Pilgrimage On A Pilgrimage1585 Words à |à 7 Pages Moreover, there are also other methods of cyber-pilgrimage that are commonly use to partake on a pilgrimage on a daily basis. These include pilgrimages videos on YouTube, virtual tours, and online pilgrimage websites of 3D replicates of sacred sites. For example, a very well known YouTube channel for pilgrimage is the America Media. This channel contains many pilgrimage journeys made by father James Martin. Father James is a Jesuit priest, a writer, and editor for the Jesuit magazine AmericaRead MoreCase Study : The Starbucks Inside Questrom1685 Words à |à 7 PagesSacramentoââ¬â¢s sunshine for Bostonââ¬â¢s heavy snowfall for the past four years as an undergraduate at Boston Universityââ¬â¢s Questrom School of Business concentrating in marketing, information systems, and law. She is also a member of the Kilachand Honorââ¬â¢s College where she takes additional classes in diverse subjects. On her first day she walked into her lecture scared and lost, but she has gro wn during the past four years. She is confident, aware of her beliefs, and formed lasting friendships with peopleRead MorePersonal Statement On Family And Friends, Knowledge And Success1233 Words à |à 5 Pagesbecome a better leader. This will give me a sense of success; even if I do not master these goals fully or complete them in the given timeframe, I will feel success through monitoring my progress and reflecting on the changes I have made. Work Experience Peer Helper and Ambassador Office of Intercultural Affairs, University of Guelph Date(s) of practicum component September 2015 ââ¬â April 2017 (4 semesters) Location Guelph, Ontario Organization Office of Intercultural Affairs, Student Life, UniversityRead MoreAmerican Sniper By Chris Kyle1107 Words à |à 5 Pageseffectively engage targets to reduce the enemyââ¬â¢s fighting capabilities under their creed ââ¬Å"one shot, one killâ⬠. American Sniper is written by Chris Kyle, and is an account of his four tours in the Iraq War as a Navy SEAL while earning his spot in history as the most lethal sniper in the United States military. During Kyleââ¬â¢s tours in Fallujah, Ramadi, and Sadr city he recorded over 160 confirmed kills. Kyleââ¬â¢s autobiography covers not only daily life on the war front, but the personal and family strugglesRead MoreShould College Tuition Be Free? America? Essay1267 Words à |à 6 Pages Why should college tuition be free in America? The majority of students who graduate leave their alma mater with two things: a degree and a large sum of debt. The current student debt in America is 1.2 trillion dollars. Graduate students account for nearly 40 percent of this debt. From 1985 to 2007 the amount of student debt increased by 7.9 percent. In 1994 the average student borrowed eleven thousand dollars for school. By 2014, however, that figure had increased to thirty-five thousand dollars
Thursday, May 14, 2020
The Interfaith Theologi Dietrich Bonhoeffer - 2747 Words
The Interfaith Theologian: Dietrich Bonhoeffer Religious Diversity is an attitude or policy regarding the diversity of religious belief systems co-existing in society and the fact that in a given society there exist a multiplicity of religions together. (Religious Tolerance.org) Theology is the study of God. Whose God, could be the question? This question should lead to interfaith dialogue. The coming together of these two prominent aspects can be a positive experience or can highlight the weakness in humankind. When religious diversity is ââ¬Ëtoleratedââ¬â¢ or better still, accepted as part of the community, it can have an amazingly positive effect on society. However, it depends on the lives of all those within the community and their attitudes. As Bouma (2011) stated, ââ¬Å"Knowing who your neighbour is, helps build trust, respect and a productive harmonious society.â⬠This is further supported by the Interfaith Amigos, (2012), when they argued that to live harmoniously we need to remember or learn, the core teachings of the various religious beliefs. The Jewish religion is based on the core teaching of the evolving awakening to oneness, the Christian faith is surrounded by the teaching of unconditional love, whilst the Islamic religion has the core teaching of compassion. Compassion for oneself and compassion for others. All these religious belief system s ask of its followers the same thing, tolerance, acceptance of otherââ¬â¢s choices, in the hope of living as
Wednesday, May 6, 2020
My Education Philosophy Essay - 516 Words
My Educational philosophy is defined in becoming a teacher as a set of ideas and beliefs about education that guide the professional behavior of educators. Also included in educational philosophy are oneââ¬â¢s beliefs about teaching and learning, students, knowledge and what is worth knowing. My five general purposes for philosophy of education are: to set goals of plan, to teach useful and relevant information, be aware of students learning styles, modeling positive cooperative behavior, to look for solutions and to make sure those solutions are working. I believe that teaching and learning is both a science and an art, which requires the implementation of already determined rules. I see learning as the result of internal forces withinâ⬠¦show more contentâ⬠¦By extending my personal growth in reading, discussing, writing and reflecting the curriculum will be meaningful to the student and make studentââ¬â¢s well-rounded. I believe that people are good and will work in their own best. Education should focus on the individuality of students and that each student should find his or her own meaning of existence. I was so moved by the movie Radio and the inspirational message. I have seen many children who have been discriminated and mistreated, as a result affected their self-esteem and their well-being. The story has a deep touching realization that anyone can see if they only open their eyes and see life for what it really is. Itââ¬â¢s up to us and through compassion we can unlock the true purpose and meaning of ourselves and others. We need to be open and understanding of people who are different. Therefore, students who struggle of poor mentally challenged need to be befriended by someone who is willing to make a difference in their lives. We definitely need more people like the coach. Honestly, how is intelligence measured? If we only measure students IQ in reading and math logic it would be unjust for the student. The students need to be measured on many levels other than reading and math as it was reflected within the movie; one can bring many aspects of intelligence forth. For example, interpersonal and social skills, an understanding of diverse inequalities,Show MoreRelatedMy Teaching Philosophy Of Education880 Words à |à 4 PagesAccording to the Education Philosophy test that we took in class, my education philosophy matched with social reconstruction. Social Reconstructionist believes that systems must keep changing to improve human conditions. Also, emphasizes social questions and to create a better society. Social reconstructionist believe that you have to start over to make things better. While going through the PowerPoint that explained what social reconstitution is, in a deeper way, I came to the conclusion that socialRead MoreMy Philosophy On The Philosophy Of Education844 Words à |à 4 PagesIn mathematics, as in life, everything must be brought to the simplest of terms. I base my teaching philosophy on the foundation that every student is capable of learning mathematics. I will strive, as a teacher, to ensure that my students are able to have a strong foundation of mathematical skills when they leave my classroom. Some students believe that they are not mathematically gifted; therefore, incapable of learning mathematics. I believe t o the contrary, all students with motivation, sustainedRead MoreMy Philosophy On Philosophy Of Education852 Words à |à 4 PagesMy Philosophy of Education My philosophy of education is founded on a belief that all students have a desire to learn and to feel accepted. Learning takes place when students are able to have their specific needs meet inside the classroom, to feel accepted in the environment, and find the learning to be meaningful. I believe that before learning can take place a proper educational environment must be present inside the classroom. In order to make any classroom work I believe you need meet three criteriaRead MoreMy Philosophy Of Education As A Education864 Words à |à 4 Pagesdifferent philosophy of education, and what purpose education serves in a childââ¬â¢s life. The five philosophies of education that we recognize are: Essentialism, Perennialism, Progressivism, Social Reconstructionism, and Existentialism. I would most recognize my philosophy of education as Essentialism. Essentialism has been a dominant influence in American education since World War II. It focuses on core curriculum of traditional academic topics. I believe that the purpose of education is teachingRead MoreMy Philosophy Of Education And Education1038 Words à |à 5 PagesMy Philosophy of Education When trying coming up with a personal philosophy of education, I had to ask myself what the purpose of education is. To me, the purpose of education is to teach students knowledge that is needed to make it through school and to succeed in the world after graduation. Anyone can go into teaching, but not every teacher can teach. Teachers go above and beyond to introduce methods, philosophies, and strategies to help their students learn, as well as, retain the informationRead MoreMy Philosophy of Education824 Words à |à 4 Pages13 February 2011 My Philosophy of Education I believe that progressivism educational philosophy most closely matches my educational ideals. In my opinion based on the progressivism educational philosophy, the purpose of education is to enable students to learn useful knowledge that has meaning to them in the future. Thus, the most useful education for students is the skill of ââ¬Å"learning how to learnâ⬠. When students understand the methodsRead MoreMy Education Philosophy 1511 Words à |à 6 PagesPersonal Mission Statement Education is the imparting and acquiring of knowledge and skills through teaching and learning. As an educator, my personal mission statement is to master my subject area in order to serve as a role model for my students thereby producing students who thoroughly understand the subject matter, and who develop holistically. In order to achieve this goal I must have a set education philosophy with a strong Christian worldview. I must also have a general understanding of theRead MoreMy Philosophy Of Education1056 Words à |à 5 PagesPhilosophy of Student Engagement My philosophy of education is that every child should receive high quality education that is inclusive, relevant and meaningful to their life. I am a firm believer of making pedagogy relatable to my students. My vision is driven by my personal experiences with the American school system. I was what is thought of as ââ¬Å"A child at riskâ⬠. I am an immigrant, black, Muslim student. My life is transactional as I am a part of multiple marginalized groups. Most of my teachersRead MoreMy Philosophy Of Education And Education864 Words à |à 4 PagesPhilosophy of Education Children are the future and their education is the key to our societyââ¬â¢s success. When considering this, I realize I have an immense responsibility as an educator. The main focuses of my teaching are active learning, building character within students, and providing meaningful curriculum. I want to create a comfortable setting where every student feels safe to learn. In many ways, my philosophy agrees with the holistic approach to education. I feel this challenges the studentRead MoreMy Philosophy on Education814 Words à |à 3 PagesMy Philosophy of Education I think when I made the decision to become a teacher I was not thinking the seriousness of this decision. When we become teachers we also become the molder that will shape our student to be successful in life. But when you decide to become a teacher in a Christian school you are not only shaping this student to be successful in life but we are also shaping their Christian mind to do things with a feeling knowing that they are shape and where made by the image of God
Tuesday, May 5, 2020
Introduction to Macro/Microeconomics Barcelona
Questions: 1. Explain the distinction between macro and microeconomics? 2. Using a diagram, explain why an economys income must be equal to its expenditure? 3. Should policy-makers care about GDP? Explain your answer.? Answer: Introduction Economics is the social science of choice. It deals with how people choose the scarce resources efficiently in order to produce various commodities and also how the central authority of a country produce and distribute different good and service to the people such that their utility will be maximized. This subject is concerned with the money, interest rate, capital and scarce resources. Now, the three main questions that arise frequently will be discussed below. These three main questions are -1) the key difference between the micro and the macroeconomic theory, 2) why the income of a country should be equal to the expenditure of the country and 3) Why do the policy makers give importance to the GDP of a country (Sheffield, 2015). The Key Diffrence Between Macro Economics And Micrpeconomics Economic theory can be classified into two parts- 1) Microeconomic Theory and 2) Macroeconomic Theory. Micro and Macro-these two terms were first used by Ragnar Frisch. The term micro means small. The other term macro means large. Macroeconomics deals with the analysis of individual economics units such as consumers, firms and small aggregates or groups of individual units such as industries and markets. However, macroeconomics deals with the analysis of the economy as a whole and its large aggregate such as total national output, national income, total consumption, aggregate investment, etc. The microeconomic theory makes a microscopic study of the economics. This theory tries to determine the mechanism through which different economic units attain equilibrium. This theory does not consider the totality of behavior of all units in the economy. It takes into account the total resources of the economy as given and tries to analyze how these resources are allocated efficiently among di fferent economic units such that their utility will be maximized. On the other hand, macroeconomics is concerned with the behavior of the economy as a whole. This theory deals with the total amount of goods and services of an economy, the growth of the output, inflation rate, unemployment rate, the balance of payment, exchange rate, etc. The main focus of this macroeconomic theory is on the economic behavior and the policies that can affect total consumption, investment, monetary stock in an economy, the budget, amount of debt, etc. In brief, this theory deals with the major economic issues arises in an economy(Bishop, 2013). Why The Income Must Be Equal To The Expenditure In an economy, total income must be equal to the total expenditure so that the economy will be in the equilibrium. Every economic transaction has a buyer on one side and a seller on the other side. Therefore, each expenditure by the buyer will be the each income of the seller. Thus, it can be said after considering the total economy as a whole the total income of an economy will be equal to the total expenditure of the same economy. The total expenditure of an economy can be measured using the GDP of that economy. It is the total expenditure done by the economy on its currently produced goods and services. On the other hand, the total income of an economy in a given period is the total earnings of the economy from the current production of goods and services. Any imbalance in the income and expenditure will take the economy in a disequilibrium position from where the economy always tries to return its equilibrium point. The amount of inventories plays a significant role in this adjus tment process. The firms in an economy experience unplanned changes in the inventories. This induces the firms to change their production level immediately. This change in the production level in turn influences the total income and total expenditure of the economy. As a result of this, the economy move towards the equilibrium point. This adjustment process has been shown in the following figure. In the below figure, initially the economy is operating at point A. The 45-degree line in the below diagram shows all the point where income equals expenditure. Let us assume that for some reasons, the GDP is greater than the income. This has been shown by the income level Y1. In this situation, the firms are selling less than they are producing. The unsold goods are then added to the inventory stock. This unplanned increase in inventory induces the firms to reduce their production. The process of this inventory accumulation and the continuous fall in income continues until the economy reaches its equilibrium position(Sheffield, 2015). Again let us assume that the GDP is lower than the total income. This is indicated in the following figure by the income level Y2. In this situation, the firms have to meet the demand for goods and services by drawing down their total stock of inventories. But when the firms see their stock of inventory is decreasing continuously, they have to increase their production level. As a result, the economy again approaches to the equilibrium point (Bishop, 2012). Therefore from the above analysis it can be concluded that any imbalance in the income and expenditure induces the economy to move from the disequilibrium position to the equilibrium position. Therefore, to keep the economy in a stable position the income of the economy must be equal to the expenditure of the economy. The Importance Of Gdp To Policymakers Gross Domestic Product (GDP) is the value of all final goods and services produced in the country within a given period. This includes the value of goods such as house and electronic goods, and the value of services, such as train, airplane rides, the lecture by the teacher, etc. The value of each and every good and service is calculated at the current market price. This is a very esoteric concept from the common mans view but the very useful concept at the time of policy making by the economists.GDP is the well-being indicator of the residents of a country. This measure can be used easily to understand the current state of an economy as well as how the economy is changing over time. This measure is also useful to compare the economic conditions between different countries. Now different uses of GDP estimate will be discussed below to understand why policymakers give so much importance both on the value of GDP and also the GDP growth rate (Klein, Bauman and Ramos, 2013). 1) GDP is calculated by adding together total consumers expenditure, investment expenditure, government expenditure and the amount of net export (GDP=C+I+G+NX). These four components describe the present inclusive scenario of an economy. Hence, this GDP can give insight into the current trend of the economy. This also helps the policymaker to understand the relative position of the country compared to another country in the world economy. The policymaker then adopts various fiscal and monetary policies to reach the targeted GDP growth rate and narrow the gap between two countries (Krugman, Wells and Baechler, 2013). 2) GDP is also a useful indicator used by the policymaker of a country for the internal development to make various economic planning and formulate effective policy. Government of a country often shows interest in the study of demographic change, overall health condition of the population, supply of skillful labor, overall literacy state of the country along with the countrys GDP. This helps them to allocate scarce resources efficiently such that the sectors having an urgent need for money will get the capital first. This efficient allocation is very useful especially for the rapid economic development of both developing countries and less developed countries (Library.ulster.ac.uk, 2015). 3) GDP growth rate is also important for the policymakers of the central monetary authority of a country. This rate helps the policy makers to set appropriate interest rate and other tools they used to control the money liquidity in the economy. It is known that interest rate is negatively linked with the money supply in an economy. A decrease in the interest rate leads to the increase of investment by investors and also the consumption spending by the consumers. As a result, the money supply in the economy increases so much. This increment in the money supply also influences on the overall price level of the economy and leads to the rise in inflation rate. A high inflation rate can hamper the economic growth of a country in the long run. Very high or too low inflation rate both can impede the growth rate. Therefore, the level of inflation rate should be at the moderate level. To keep the inflation rate at a desired level for sustainable development the policy maker has to implement effective monetary policy and for that it needs to observe first the countrys GDP (Library.ulster.ac.uk, 2015). Conclusion At the end, from the above analysis it can be said that although both micro and macro economics deal with the efficient allocation, there is a little difference between them. Microeconomics does the analysis on the individual economic unit whereas macroeconomics takes the whole economy as its analysis subject. It is also discussed in this essay that the income and expenditure of an economy must be equal to keep the economy in a stable condition as the volatile economic condition is not helpful to sustain economic development. The third analysis shows why policymakers pay much attention to the GDP growth rate of the economy at the time of policy formulation. References Bishop, S. (2012). AP macroeconomics/microeconomics 2013-2014. New York: Kaplan Pub. Bishop, S. (2013). AP macroeconomics/microeconomics 2014. New York, NY: Kaplan Pub. Klein, G., Bauman, Y. and Ramos, F. (2013). Introduccioà n a la macroeconomià a en vinetas. [Barcelona]: Debate. Krugman, P., Wells, R. and Baechler, L. (2013). Microeà conomie. Bruxelles: De Boeck. Library.ulster.ac.uk, (2015). University of Ulster Library - Electronic Resources. [online] Available at: https://library.ulster.ac.uk/electronic/eresources.php [Accessed 25 Jul. 2015]. Library.ulster.ac.uk, (2015). University of Ulster Library - Library Databases - ABI Global Package. [online] Available at: https://library.ulster.ac.uk/electronic/check/eiscard.php?eisno=1 [Accessed 25 Jul. 2015]. Sheffield, U. (2015). FAME - Databases - The University Library - The University of Sheffield. [online] Sheffield.ac.uk. Available at: https://www.sheffield.ac.uk/library/cdfiles/fame [Accessed 25 Jul. 2015]. Sheffield, U. (2015). Nexis - Databases - The University Library - The University of Sheffield. [online] Sheffield.ac.uk. Available at: https://www.sheffield.ac.uk/library/cdfiles/nexis [Accessed 25 Jul. 2015].
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