Economics - 687 Words

Tutorial 1 Questions (based on Textbook End-of-Chapter Questions) Question 1 Refer to Q1.1 Chapter 2 (Page 118) What do economists mean by opportunity cost? According to this definition, is there anything that does not have an opportuntiy cost? Question 2 Refer to Q1.2 Chapter 1 (Page 78). What is scarcity? Why is scarcity central to the study of economics? Question 3 Refer to Q1.10 Chapter 1 (Page 79). In a paper written by Bentley College economists Patricia M. Flynn and Micheal A. Quinn, the authros state: â€Å"We find evidence that Economics is a good choice of major for those aspiring to become a CEO (Chief Executive Officer). When adjusting for size of the pool of graduates,†¦show more content†¦a. Why might firms that provide workers with health insurance pay a lower wage to obese workers than to workers who are not obese? b. Is Bhattacharya and Bundorf’s findings relevant to the question of whether health insurance provides people with an incentive to become obese? Briefly explain. Based on Jay Bhattacharya and M. Kate Bundorf (2009), â€Å" The Incidence of the Health Care Costs of Obesity,† Journal of Health Economics, 28(3), pp. 649-58. Question 6 Refer to Q2.8 Chapter 1 (Page 80). Centrally planned economies have been less efficient than market economies. a. Has this difference in efficiency happened by chance, or is there some underlying reason? b. If market economies are more economically efficient than centrally planned economies, would there ever be a reason to prefer having a centrally planned economy rather than a market economy? Additional Questions for Home Practice Question 7 Refer to Q1 and Q2 of Thinking Critically Chapter 2 (Page 117). Question 8 Refer to Q1.7 of 2 (Page 118). Suppose we can divide all the goods produced by an economy into 2 types: consumption goods and capital goods. Capital goods such as machinery, equipment, and computers, are goods used to produce other goods. a. Use a production possibilities frontier graph to illustrate the trade-off to an economy between producing consumption goods and producing capital goods. Is it likely that the production possibilitiesShow MoreRelatedEconomics And Economics On Economics Essay1142 Words   |  5 PagesWhen we talk about economics we must first defined the word. Economics is a social science that studies human behavior and how to allocate our limited (scares) resources, efficiently and effectively to meet our unlimited human wants. Now as we dive deeper in to the field of economics we realized that there are two separate categories that the study of economics breaks off into. The first is macroeconomics, macroeconomics is the study of the whole picture when it comes to economics. Macroeconomics willRead MoreEconomics : Economics And Micro Economics1238 Words   |  5 Pages Economics is the study of how our unlimited demand of certain things can be met by our limited amount of supply. For instance, if there was an unlimited amount of money for everyone, then everyone would have everything they had always wanted and would not have to work to get the money. Everyone would have billion dollar homes and the nicest cars in the world. Unfortunately, we do have a limited amount of money, so the economists find ways to get around that. There are two types of economicsRead MoreEconomics : Economics Of Business1361 Words   |  6 PagesHND Accounting Economics FINAL REPORT: The Economics of Business DUE DATE: 20 May 2015 Catherine Macintosh 11006620 For the attention of Sarah Sutherland Word count: 1,243 (Excluding Acknowledgements, Abstract/Executive Summary, Terms of Reference, References Appendices TABLE OF CONTENTS Page 1.0 Costs 3 1.1 Total costs 3 1.2 Average costs Read MoreEconomics1291 Words   |  6 Pageshis profit. Do you agree? Use a graph to illustrate your answer. The argument is incorrect. As the graph shows, a reduction in marginal cost will cause a monopolist to reduce his price. 2. Economist Harvey Leibenstein argued that the loss of economic efficiency in industries that are not perfectly competitive has been understated. He argued that when competition is weak, firms are under less pressure to adopt the best techniques or to hold down their costs. He referred to this effect as x-inefficiencyRead MoreEconomics1444 Words   |  6 Pagesresource is inefficient it means the resources are not used in the best distribution by firms or organizations. An ETS is executed when the environment has been polluted and the government intervenes in order to control the pollution by providing economic encouragements towards the firms and organizations to reduce the amount of pollution emitted in the environment (Brown* 2001). When ETS is implemented it reduces the pollution of the environment caused by different firms thus making it its main goalRead MoreEconomics1654 Words   |  7 Pagesï » ¿1. What is the ‘economic problem’? The fundamental economic problem is related to the issue of scarcity. Scarcity means that resources are limited and short in supply in the world (e.g. diamond). Because of limited resources and unlimited demands, society needs to decide how much to produce and distribute these relatively scarce resources. The basic economic problem can be define as what to produce, how much to produce and for whom to produce. Some countries are lucky to have great naturalRead MoreEconomics999 Words   |  4 PagesManagerial Economics MIDTERM Exam What changes can you envision to the real economy, should Rifkin’s vision of a zero marginal cost society, become reality? For me, Jeremy Rifkin is a great social theorist. I’m mostly agreeing with him, with his conclusions and visions of the future economy. They looks like perfect and definitely it’s a â€Å"think big† way of delivering the information. His book â€Å"The Zero Marginal Cost Society† is must read, of course. Trigger is a zero marginal cost. I’m completelyRead MoreEconomics1000 Words   |  4 Pagesconsumer change, there will be a much greater change in the production output in the capital equipment required to make those consumer goods. This change in the production of capital equipment, that is , investment spending speeds up the rate of economic growth or slump Since we are focused on short-run business-cycle fluctuations here, it is reasonable to ignore changes in K/Y that may be associated with long-run advances in technology. 15 – 10 proportional to the level of output in t, Kt Read MoreEconomics1134 Words   |  5 PagesMF 7701 Managerial Economics Quiz #1 Fall 2014 Instructions: 1. You may work on this quiz alone or with as many other students as you wish. If you work with other students, please submit only one (common) answer. 2. You may not talk about this exam with anyone outside of the two managerial economics sections. 3. You may work with people from the other section if they are taking this course. In all cases, please submit only one, common answer. 4. You must e-mail your finalRead MoreEconomic Growth And Economic Development917 Words   |  4 PagesEconomic growth refers to an increase in the capacity for an economy to produce goods and services as compared from one period of time to another. It can be measured either in nominal terms which include inflation, or in real terms that are adjusted for inflation. It is mainly influenced by unemployment, inflation, technology levels, rate of investment, population growth rate, among other factors. These factors are used further to explain the differences in the varying level of output per capita

Mohandas Gandhi and Nelson Mandela - 746 Words

Two of the most famous leaders Mohandas Gandhi in India and Nelson Mandela in African. There are many notable peacemakers who are famous in recent history. Mohandas Gandhi was born on October 2, 1869 and Nelson Mandela was born on July 18, 1918. One many have heard about, and the other some might not have heard about. However, they both are well known for many of their good deeds. This essay will show how much the two leaders are different and similar. Mohandas Gandhi was born in Porbandar, India and was killed by a fanatic, he studied law and came to advocate for the rights of Indians, both at home and in South Africa. Gandhi became a leader of Indias independence movement, organizing boycotts against British institutions in peaceful†¦show more content†¦Nelson Mandelas father, who was destined to be a chief, served as a counselor to tribal chiefs for several years, but lost both his title and fortune over a dispute. He said, I hate race discrimination most intensely and in all its manifestations. I have fought it all during my life; I fight it now, and will do so until the end of my days. And Those who conduct themselves with morality, integrity and consistency need not fear the forces of inhumanity and cruelty. Similarities they were both leaders, but in different areas. Gandhi was a leader of India. Nelson Mandela was a leader of South Africa. However, both of them have South Africa in common as Gandhi followed his sense of morality to become a political activist and champion of non-violent revolution in South Africa for the Indians living there both Nelson Mandela and Gandhi are well-known in their countries as very honorable men for the changes they made. Both of them worked to change their countries for the better. Gandhi is thought to be an icon of peace in his country. Both Nelson Mandela and Gandhi had seen the discrimination that went on in South Africa. Nelson Mandela had a hand as well as Gandhi to see a reconciliation of the people in South African and the Indians there. While Gandhi achieved success in leading the Indian people of India, Nelson Mandela fought for his native South African people. However,Show MoreRelatedThe Beliefs And Achievements Of Nelson Mandela And Mohandas Gandhi853 Words   |  4 Pagesachievements of Nelson Mandela and Mohandas Gandhi have made positive impacts on society throughout global history. They both helped people fight the restrictions against them in order to earn what they deserved; freedom. Mandela never stopped helping people achieve equal rights. Gandhi saw people were being mistreated so he took action by boycotting. Both men fought hard to earn the rights that people sill currently have today. In the 1960s, one of Sharpeville’s leaders, Nelson Mandela was put in prisonRead MoreMohandas Gandhi, Nelson Mandela, and Martin Luther King Jr. were True Inspirations608 Words   |  2 PagesA man known as the â€Å"father of the Indian nation†, Mohandas Gandhi, also known as Mahatma, was a man of true inspiration. He inspired well known civil-rights leaders Martin Luther King Jr. and Nelson Mandela, and also revolutionary scientist Einstein. Gandhi was well known for using peaceful methods such as peace marches, boycotts, and sit-ins. Most people could call Gandhi the father of peace, for it was he who help the world recognize the effectiveness of non-violence. Gandhi’s peaceful ideals helpRead MoreGandhi, King and Mandela: What Made Non-Violence Work?797 Words   |  4 Pagesï » ¿ Gandhi, King, and Mandela: What Made Non-Violence Work? All through history governments and empires have been overthrown or defeated primarily by the violence of those who oppose them. This violence was usually successful however, there have been several situations, when violence failed, that protesters have had to turn to other methods. Non-violent protesting never seemed to be the right course of action until the ideology of Mohandas Gandhi spread and influenced successful protests acrossRead MoreWhat Made Non Violence Work1154 Words   |  5 PagesGandhi and Mandela: What Made Non-Violence Work? Background Essay The history of violence in the world is well documented. However it is also possible to use non-violence to bring about change. This DBQ will look at two countries where a non-violent movement was successful. Historic Context India and South Africa were two important nations on two different continents. But although they looked strong on the outside, each one suffered from a disease that threatened the health ofRead MoreGandhi : Gandhi And Influential Religious Political Leaders Of The Twentieth Century1464 Words   |  6 PagesMohandas Karamchand Gandhi was one of the most admired and influential religious political leaders of the twentieth century. Gandhi is acknowledged as the Father of the Nation or Bapu due to his astonishing contributions towards the independence of India, by becoming an amazing freedom fighter who led India as a leader of Nationalism, against British rule. Gandhi was one of such that believed in nonviolence, the unity of people, and bringing spirituality upon Indian politics. He worked incrediblyRead MoreMan, Gandhi, Pope Francis, And Nelson Mandela808 Words   |  4 Pagesto cause a lot of change. 3 men, Gandhi, Pope Francis, and Nelson Mandela were the people that provide d the Inspiration. Although Gandhi, Pope Francis, and Nelson Mandela all enticed change in different ways, they all demonstrated patience, persistence, and courage . Nelson Mandela enicted change in his persistent and Courageous ways, he formed armed resistances, spent time in prison, and led protests. According to Biography.com Editors â€Å"In 1961, Nelson Mandela co-founded and became the first leaderRead MoreWangari Maathais Unbowed Essay1077 Words   |  5 Pageswith. I found that Maathai drew many comparisons to Gandhi and Nelson Mandela. Two leaders that both fought for equality for their people Unbowed drew similarities to Marcos â€Å"The Fourth World War,† when Wangari explained Kenya’s rapid change in the early 1960’s and Alice Conklin’s â€Å"A Mission to Civilize.† These are just some of the main themes that I found coincided with the Wangari Maathai’s Unbowed. The reason I believe Maathai is similar to Gandhi is due to her acts of protest in 1990. When a groupRead MoreGandhi s Life And Legacy1578 Words   |  7 Pagesincluding Mohandas Karamchand Gandhi. Gandhi was a very influential and inspiring leader that was able to lead billions of people. He was willing to give up everything for what he believed in even though he knew that his actions could possibly lead to imprisonment and other legal consequences. Gandhi’s bravery and perseverance led to changes that affected and influenced the whole world and brought about positive change for people whose voices would have went unheard. Mohandas Karamchand Gandhi was bornRead MoreLeadership Styles : Nelson Mandela And Mahatma Gandhi s Peace Movement1209 Words   |  5 Pagesleadership styles offers a foundation and direction that can be used in future conflicts to evolve positive change. Nelson Mandela and Mahatma Gandhi exemplified to the world that when disharmony shows its ugly face, there can be other ways to fight for change. Mandela’s efforts in the South African Apartheid beginning in 1948 and ending in 1994, chose forceful recognition while Gandhi working in the Peace Movement beginning in 1893 and ending in 1914, lead his people in prayer, fasting and meditationRead MoreMark Mandela, Martin Luther King, Jr., And Mohandas Gandhi2100 Words   |  9 Pageseras. However, three of the most popular leaders used this strategy to influence the world were: Nelson Mandela, Martin Luther King Jr., and Mohandas Gandhi. These men were three of the most influential leaders to use the non-violence strategy. Gand hi was the first man to use this strategy in his birthplace of India when they went in a battle with the British to fight for Indian independence. Gandhi believed that the people of India deserved to be their own person and have their own personality without

Purpose Of Thinking For Tertiary Studies â€Myassignmenthelp.Com

Question: Discuss About The Purpose Of Critical Thinking For Tertiary Studies? Answer: Introduction Education serves as a mean of empowering learners to participate actively in the transformation of the society. Individuals who have undergone the education process are distinct from those who did not. The importance of education in the modern society cannot be assumed. Currently, all fundamental societal activities are linked to education. With the globalization effect increasing the demand for quality education across all educational level, critical thinking has emerged as a concept of importance in learning institutions. Particularly, critical thinking competencies are vital elements for tertiary education. However, the development of these competencies depends on the interactions between the students and their instructors. Students and instructors should focus on developing the appropriate critical thinking competencies at lower stages of education to prepare for the more analytical and inferential tertiary studies. What Critical Thinking is About Recently, the concept of critical thinking has attracted discussions in the education sector. Although the understanding of critical thinking differs with societies, it serves the same purpose. Critical thinking defines the process of analyzing and evaluating thinking to improve it (Elder Paul, 2010). In simple terms, it involves the objective analysis and evaluation of a situation to make a judgment. Critical thinking works as an advanced form of standard thinking. Situations that require critical thinking are those that cannot be solved using general thinking strategies. Elder and Paul (2010) expound that critical thinking surpasses the most basic levels of intellectual thinking. Consequently, the concepts result in the restructuring of knowledge. Discrepancies exist on how students develop critical thinking capabilities. Some people use the constructivist view to argue that these skills are attained as the students mature. However, Elder and Paul (2010) refutes such suggestions. Instead, they deliberate that the development of critical thinking skills requires collaboration between the students and the teachers. Moreover, Tsui (1999) posits that students cannot develop sufficient critical thinking capacities if their teachers fail to utilize critical thinking in their instructions. According to Krathwohl (2002), there is a direct correlation between the students learning process and instruction method. As a result, teachers who employ critical thinking in their instructions propagate the same in their students. Critical thinking abilities present students with several benefits. Students utilizing critical thinking are self-directed, self-disciplined, and self-monitored thinkers (Elder Paul, 2010). Moreover, these students develop abilities to formulate precise questions, collect and evaluate pertinent informations, and develop well-thought solutions and inferences (Elder Paul, 2010). With the current global issues requiring well-structured and long-term solutions, critical thinking has become obligatory in the education system. What Tertiary Study is About The education system is divided into several levels. In many nations, the education system is divided into the preschool, junior levels, and the post-secondary stages. Out of all these levels, the post-secondary or the tertiary education level presents the most challenging phase in a students life. The application of the critical thinking competencies is mandatory at the tertiary education level. Tertiary study demands students to research by evaluating information, applying tactics to direct conclusions and develop alternative solutions, making sense of information and collaborating with other scholars to solve global issues (Boyer, 2015). According to Nold (2017), the primary goal of tertiary study institutions like colleges and universities is to develop the students critical thinking skills. In his study, Nold (2017) states that 95% of chief academic officers in institutions of higher learning assert that critical thinking as one of the most valuable skills in students. Moreover, Nold (2017) elaborates that 81% of employers want universities to put more emphasis on developing critical thinking in students. This call has been taken seriously by a significant percentage of institutions of higher learning. In fact, tertiary study insists on allowing students to work independently and collaboratively to solve existing and emerging problems. However, it insists on the independent construction of knowledge by the students under minimal supervision. This strategy to knowledge development is not present at the lower levels of learning. For instance, at the junior or primary levels, students are under constant supervision and assistance with their instructors. In summary, higher education is all about developing and applying critical thinking skills with minimal assistance from the tutors. Furthermore, it entails researching for solutions to the existing and emerging issues through analysis of existing information and predictions. Importance of Tertiary Study The development of nations is directly related to the success of their education system. Countries with well-structured education system also exhibit positive economic performance and innovation levels. Tertiary study exposes the students to a variety of strategies for addressing fundamental global issues. According to Tsui (1999), tertiary education enables students to communicate effectively and solve existing and emerging problems efficiently. The insistence on critical thinking in tertiary study equip students with a multidimensional approach to life. Furthermore, it allows students to utilize their life experiences in solving perennial global issues. Currently, tertiary education functions as the key to attain employment. Employers prefer individuals who have undergone tertiary study because of their insight on global issues. According to Nold (2017), the critical thinking competencies acquired in the tertiary study are a long-term survival tool for the students after their education. Importantly, the tertiary study does not only focus on the intellectual growth but also on the students' survival in the globalized world. Tertiary education also promotes the innovative capacity of the students. According to Krathwohl (2002), higher education exposes students to the dynamic nature of the modern society. The advanced training techniques at this level which focus on individual competence and growth propagate independence in students. Additionally, tertiary study promotes self-actualization, and its the backbone of economic growth and personal financial liberty. Currently, there is a close association of tertiary study and class. Peop le who have undergone tertiary study are regarded with respect and viewed as people who can initiate change in the society. How Critical Thinking is Beneficial for Tertiary Study Tertiary study involves the assessment of existing problems and recommending appropriate measures to address them. Activities like field experiments and going industrial attachment require individuals who can search, sort, and apply existing literature. However, these actions are not possible without the application of critical thinking principles. According to Krathwohl (2002), studies at tertiary level are objective and require higher thinking levels. Additionally, higher education calls for knowledge construction to address existing global issues. As a result, the students must employ critical thinking to identify the fundamental issues and formulate effective solutions and their alternatives. However, it is vital to note that critical thinking skills are acquired with time. In this respect, Boyer (2015) advises that it is vital to propagate critical thinking competencies in students at the lower education levels. Specifically, teachers are advised to nurture critical thinking skills in their students at the secondary education level. As Boyer (2015) explains, nurturing critical thinking skills at the lower education levels make the learning process easier at the tertiary level. In fact, at the tertiary level students should be at the application level of critical thinking, not development. However, this view calls for substantial changes to the current education system. Those in the education sector should design the curricula in a way that facilitates the development of critical thinking competencies. In spite of these educational shortcomings, critical thinking is vital in driving innovation, research, and comprehension at the tertiary education level. Conclusion The best education system is one that advocates of self-reliance and intellectual freedom. These goals can only be attained through promoting critical thinking skills at the lower educational levels. Tertiary studies rely heavily on the ability of students to think critically. Critical thinking allows students to devise new strategies to handle existing and emerging global issues. Additionally, it enables students to embrace a multidimensional approach to solving fundamental societal issues. In the modern society, tertiary education is essential in molding and producing individuals who are well-adapted to the globalized world. Moreover, it is necessary for providing solutions to the perennial issues that affect the well-being of the society through research. References Boyer, B. L. (2015). Collaborative Instructional Design for College Readiness. Knowledge Quest, 44(2), 60-65. Elder, L., Paul, R. (2010). Critical Thinking: Competency Standards Essential for the Cultivation of Intellectual Skills, Part 1. JOURNAL 0F DEVELOPMENTAL EDUCATION, 32(2), 38-39. Krathwohl, D. R. (2002). A Revision of Blooms Taxonomy: An Overview. THEORY INTO PRACTICE, 41(4), 212-218. Nold, H. (2017). Using Critical Thinking Teaching Methods to Increase Student Success: An Action Research Project. International Journal of Teaching and Learning in Higher Education, 29(1), 17-32. Tsui, L. (1999). Courses and Instruction Affecting Critical Thinking. Research in Higher Education, 40(2), 185-200.

NAEYC Reflection Essays - Fertility, Embryology, Midwifery

NAEYC Reflection Amber Williamson ECH/205 March 27, 2017 Yvonne Gould NAEYC Reflection NAEYC is full of different standards that are important to understand and learn to help children grow and develop appropriately. In the stages of prenatal development, genetic disorders, and environmental influences on the development of a fetus, it is critical that we understand the connection with these developments and why they are important in the start of a child's life. We all know that development of children starts during infancy but it starts during the prenatal period. During this time, there are remarkable changes that happens and it paves the way for the future of the child's development. There are three main steps that occur during prenatal development. First is the germinal stage that takes place in the first two weeks after conception. During this stage, the egg and sperm meet; then the egg moves to the uterus and begins cell division. After cell division, blastocyst begins with the development of skin, nervous, digestive, respiratory, muscle, and skeletal systems. Second is the embryonic stage, this is the second and third month. In this stage, the embryo separates into three different layers known as the body system. Within about a month the head followed by the nose, eyes, mouth, and ears are formed. Then the cardiovascular system begins as the blood vessels and heart become one and makes a heartbeat. All the major organs are development except for the reproductive ones. The last stage is the fetal stage. This stage happens around the third month of pregnancy until mom gives birth. In this stage the reproductive organs begin to develop and the baby continues to grow and become stronger. Towards the end of the pregnancy, the baby will begin to prepare for life outside the womb. Their lungs will start to contract and expand to build up the muscles for breathing. Some mothers look at prenatal development as a normal process, but for others there may be some issues that occur. As a mother, we all hope that we have a very easy and simple pregnancy but that is not always the case. Things can go wrong, in which are usually genetic and/or environmental problems. Some genetic problems that may occur during the prenatal development may be Down syndrome, also known as trisomy 21, and is the most common genetic anomaly that can be determined during pregnancy. This is caused by and extra copy of the 21st chromosome. There are also inherited diseases can be another source. Sickle cell anemia is an example of an inherited disease. There are also sex chromosomes problems that can occur such as Turner syndrome. This is caused by only having one X chromosome. Environmental issue is also critical during prenatal development. A toxic environment can affect the fetus when the mother is allowing these dangerous issues to affect her. If the mother is using drugs and alcohol, this can cause issues with the development of the fetus. It is poisoning the nutrients that the fetus is needing to grow appropriately. Maternal diseases can also have negative impact on the fetus. Examples of maternal diseases include herpes and AIDS. Herpes virus is the most common condition that has a major effect on the fetus. It can cause deafness, brain swelling, or mental retardation. The prenatal period is a time for growth and development but it has a great vulnerability and should be taken with caution, some of the dangers can be avoided while other cant. It is important for expecting mothers to be willing to put their fetus above all and take care of themselves as well. While there are also some things that mothers can avoid, genetic problems may be unavoidable. The best thing that any mother to be can do is to get the best prenatal care they possibly can and do what they can to make their womb a retreat for the unborn to relax and grow. References Environmental Impacts on Prenatal Development Source: Boundless. "Environmental Impacts on Prenatal Development." Boundless Psychology Boundless, 08 Aug. 2016. Retrieved 28 Mar. 2017 from https://www.boundless.com/psychology/textbooks/boundless-psychology- textbook/human-development-14/prenatal-development-71/environmental- impacts-on-prenatal-development. (2017). Retrieved from https://www.boundless.com/psychology/textbooks/boundless-psychology- textbook/human-development-14/prenatal-development-71/environmental- impacts-on-prenatal-development-274-12809/ Stages of Prenatal Development Share. (2017). Retrieved from https://www.verywell.com/stages-of-prenatal-development-2795073 Problems With Prenatal Development. (2017). Retrieved from https://www.verywell.com/problems-with-prenatal-development-2795120 NAEYC Standards for Early Childhood Professional Preparation. (2017). Retrieved from http://www.naeyc.org/ecada/standards