What I Walked Away With From Economics †Essay

What I Walked Away With From Economics – Essay Free Online Research Papers What I Walked Away With From Economics Essay I have learned so much in Economics that it’s hard to write only two pages. I have decided to write about the top 10 things I have learned about this semester and probably taken for granted. I used to think that economics was about the cracks in between the lines, now I think of it as resourceful understanding. Starting with number 10 and working my way to number 1: 10.) The ten principles of economics. I learned about these things that I have always taken for granted. In ever thought about tradeoffs and the cost of something is what you give up to get it. I always just thought that was the way certain things work. I knew nothing about the invisible hand and how it helped out people like you and me everyday. I also never realized how much the government has to do with the economics of the United States. 9.) The circular flow diagram. I can’t help but look at this diagram and think about it and how it works just like a heart does. I see this diagram as using services such as labor, land, and capital as inputs and producing outputs such as a product for consumers. It’s almost exactly how a human heart works. Unoxygenated blood comes from the body and meets at the heart once entered through the heart it comes out oxygenated kind of like a finished product. 8.) Positive and Normative statements. Positive statements describe how the world is and Normative describe how the world should be. I think normatively. I always feel that the world should be like something in a book and not like it is. I think it’s good to not only think normatively but also to think Positively. You need to be able to see alls sides of a problem before you can solve it. You need both views to see the world clearly, not only the way it is but how it should be to make it better. 7.) Opportunity cost. What you give up to obtain something. Everything you do everyday is an opportunity cost. It makes you really think about if what you are doing in your life is really worth it. Making every minute count is what I take out of it. 6.) Trade. Trade cannot only help you but others as well. Whoever has absolute advantage has better productivity and comparative advantage has the best opportunity cost. Trade can make everyone else’s life easier. 5.) Normal and Inferior Goods. Normal goods are those, which an increase in income leads to an increase in demand. Inferior goods are those, which an increase income leads to a decrease in demand. I looked at this like if I got a better job I would never eat at white castle again, I would eat at Cheeseburger in Paradise. 4.) Surplus and Shortage. When your supply is too much you have a surplus, which does not really help you. When you do not have enough you have a shortage. When you have just the right amount you have an equilibrium quantity. 3.) Elasticity. When you have an inelastic demand for something you are willing to pay whatever for it. When you have an elastic demand for something the price is a little more reasonable. 2.) Tax. The government wants its so-called fair share of money too. If a demand is more inelastic the burden of taxation will be put on the consumer. If the tax is more elastic the producer and the consumer will share the tax. 1.) Supply and Demand. Everything listed above has to do with supply and demand. Supply is what a producer has to offer a buyer, that buyer will decide whether or not he has a demand for it. The law of supply and demand states that the claim that the price of any good adjusts to bring the supply and demand for that good into balance. Research Papers on What I Walked Away With From Economics - EssayDefinition of Export QuotasBook Review on The Autobiography of Malcolm XThe Masque of the Red Death Room meaningsThe Effects of Illegal ImmigrationRiordan Manufacturing Production PlanPersonal Experience with Teen PregnancyAnalysis of Ebay Expanding into AsiaTwilight of the UAWNever Been Kicked Out of a Place This NiceCapital Punishment

The 50 Most Commonly Used Words in the English Language

The 50 Most Commonly Used Words in the English Language If youre an English learner, knowing which words are most commonly used in the language can help you to improve your vocabulary skills and gain confidence in  casual conversations.   Dont  count on these words to help you become fluent in English, but do use them as a resource to help you build your skills as you grow more  comfortable with the English language. Top Vocabulary Words All Everyone in a group.All the children did their homework. And A conjunction that joins parts of speech together in a sentence.She jumped, jogged, and danced in gym class.   Boy A male child.The little boy asked his mother if she would buy him candy. Book A long text of words that people read.The college student had to read a 500-page book for English class. Call To yell out or speak loudly; to contact someone by phone.  The girl called out to her brother so he would wait for her. Car A four-wheeled vehicle that transports people from one place to another.He drove the car from school to work. Chair A piece of furniture that can hold one person.My mother is the only one allowed to sit in the big chair in the living room.   Children Young people who have not yet reached adulthood.The children didnt listen to what their parents told them. City A place where many people live.New York is the biggest city in the United States. Dog   An animal that many people have as a household pet.My dog likes to play with bones. Door A passageway from which you can enter or exit a room or a building.  The students rushed through the classroom door just before the bell rang.   Enemy   The opposite of a friend. A competitor or rival.  The hero of the story killed his enemy with a sword. End To finish something or come to a conclusion.The end of the book was a happy one. Enough To have more than one needs of something.  Most Americans have enough food to eat, but thats not true in other countries.   Eat To consume food.  The children liked to eat apples and bananas after school.   Friend The opposite of an enemy. Someone on your side and with whom you enjoy spending time.The girl played with her friend in the yard until her mother told her to come inside. Father A male parent.The father picked up his child when she started crying. Go To travel to and from a location.  We go to school every day. Good To behave well or in a kind manner.My mother said that if Im good and dont hit my brother, she will take me to the movies. Girl A female child.  The girl dropped her schoolbooks on the ground.   Food An edible substance that people, animals, and plants eat to live.Starving people do not have enough food to eat and may die. Hear To listen to something.  I could hear my brother and sister arguing from the other room. House A place where people, often families, live.My friend lives in the biggest house on the street. Inside The internal part of something or to be located within something.  The inside of the house was warm and cozy.   Laugh To express that you find something amusing.  The children laughed after the clown made a joke. Listen To hear something.  We listen to music because we like to dance.   Man An adult male.The man was much taller than his son.   Name The title of a place, book, person, etc.  I never liked my name growing up.   Never Not ever.I am never getting back together with my boyfriend. Next The thing that happens after something else in a sequence; to be situated by something else.  Lets go to the next question. New Something just created or unused or unopened.My mother bought me a new doll for Christmas. It was still in the package. Noise Loud sounds, especially made by music or a group of people.  There was so much noise at the party, the neighbors called the police.   Often To happen frequently.  My teacher gets mad because I often forget my homework.   Pair Two things that go together.  I like the new pair of shoes my sister bought me for my birthday. Pick To choose or select.  I picked the cupcake with vanilla frosting.   Play To have fun with someone or engage in an activity or sport.  I like to play football with my brother.   Room A part of a home, building, office or another structure.  The room at the end of the hall is the coldest in the building.   See To watch or observe something.  I see clouds in the sky, which must mean it will rain soon. Sell To offer a service or a good for a price.I am going to sell my surfboard for $50 because its time for a new one.   Sit To rest on a floor, chair, or another surface.  The teacher told the children to sit on the carpet.   Speak To say something.I speak too loudly sometimes.   Smile To grin or show pleasure.I smile when my brother tells jokes. Sister The opposite of brother. The female child in relation to other children of the same parents.My parents took my sister and me to the circus. Think To contemplate something or have an idea or belief.  I think all pets should have a home.   Then Something that comes after an event in a sequence.  I opened the refrigerator. Then, I ate some food.   Walk To travel on foot.  I walk home from school every day. Water A substance plants, people, animals, and the earth need to survive.If animals dont have enough water to drink, they will die.   Work To make a living, engage in an activity for pay, or to reach a goal.  I work as a teacher because I like children.   Write To put something on paper with a pen or pencil. To use a computer to type text.I have to write three essays in English class this semester.   Woman A female adult.That woman was our new school principal.   Yes To answer affirmatively or respond to ones name being called.  Yes, Im here, the student said when the teacher called her name.

Reagan Essays - United States Presidential Inaugurations

Reagan Essays - United States Presidential Inaugurations Reagan I am going to talk of controversial things. I make no apology for this. It's time we asked ourselves if we still know the freedoms intended for us by the Founding Fathers. James Madison said, We base all our experiments on the capacity of mankind for self government. This idea? that government was beholden to the people, that it had no other source of power is still the newest, most unique idea in all the long history of man's relation to man. This is the issue of this election: Whether we believe in our capacity for self-government or whether we abandon the American Revolution and confess that a little intellectual elite in a far-distant capital can plan our lives for us better than we can plan them ourselves. You and I are told we must choose between a left or right, but I suggest there is no such thing as a left or right. There is only an up or down. Up to man's age-old dream-the maximum of individual freedom consistent with order or down to the ant heap of totalitarianism. Regardless of their sincerity, their humanitarian motives, those who would sacrifice freedom for security have embarked on this downward path. Plutarch warned, The real destroyer of the liberties of the people is he who spreads among them bounties, donations and benefits. The Founding Fathers knew a government can't control the economy without controlling people. And they knew when a government sets out to do that, it must use force and coercion to achieve its purpose. So we have come to a time for choosing. Public servants say, always with the best of intentions, What greater service we could render if only we had a little more money and a little more power. But the truth is that outside of its legitimate function, government does nothing as well or as economically as the private sector. Yet any time you and I question the schemes of the do-gooders, we're denounced as being opposed to their humanitarian goals. It seems impossible to legitimately debate their solutions with the assumption that all of us share the desire to help the less fortunate. They tell us we're always against, never for anything. We are for a provision that destitution should not follow unemployment by reason of old age, and to that end we have accepted Social Security as a step toward meeting the problem. However, we are against those entrusted with this program when they practice deception regarding its fiscal shortcomings, when they charge that any criticism of the program means that we want to end payments.... We are for aiding our allies by sharing our material blessings with nations which share our fundamental beliefs, but we are against doling out money government to government, creating bureaucracy, if not socialism, all over the world. We need true tax reform that will at least make a start toward I restoring for our children the American Dream that wealth is denied to no one, that each individual has the right to fly as high as his strength and ability will take him.... But we can not have such reform while our tax policy is engineered by people who view the tax as a means of achieving changes in our social structure.... Have we the courage and the will to face up to the immorality and discrimination of the progressive tax, and demand a return to traditional proportionate taxation? . . . Today in our country the tax collector's share is 37 cents of -very dollar earned. Freedom has never been so fragile, so close to slipping from our grasp. Are you willing to spend time studying the issues, making yourself aware, and then conveying that information to family and friends? Will you resist the temptation to get a government handout for your community? Realize that the doctor's fight against socialized medicine is your fight. We can't socialize the doctors without socializing the patients. Recognize that government invasion of public power is eventually an assault upon your own business. If some among you fear taking a stand because you are afraid of reprisals from customers, clients, or even government, recognize that you are just feeding the crocodile hoping

Should people eat dog meat or not Essay Example | Topics and Well Written Essays - 1250 words

Should people eat dog meat or not - Essay Example ating is one of such long-standing problems and finding a solution cannot be postponed any more because being in hurry for a better life, it is impossible to catch it without finding common language with the Nature. Something familiar can be found even between the most different countries and Switzerland, China, Vietnam, Mexico, Indonesia, Philippines, Korea, Taiwan, Polynesia, the Arctic and Antarctic have a common spoilt reputation because of dog eating. Such a tradition appeared in those countries due to different cultural and historical moments. For example, Susan R. Friedland shares such Philippine cultural fact: Among the Benguet Igorots, the cleansing ritual known as tomo or temmo is performed for the warriors who had directly or indirectly participated in inner-village conflicts (faroknit). The ritual animal has to be the dog, based on the belief that its barks can drive away haunting spirits (74). Even though scientists have proved that China was the first country that domesticated dogs, at the same time, dog meat was one of the main food sources. It is still common to consume it but some changes are also visible. As Frederick J. Simoons noticed, â€Å"a ban on slaughtering and eating dogs had been in effect in Hong Kong since 1950, with severe penalties, a $1000 fine and six months in jail, for violations. However, because the law is so contrary to the tradition of the Chinese majority, it has been wildly ignored† (314). The situation in Switzerland differs because, on the one hand, people who eat dog meat are not punished for that and it is allowed but, on the other hand, the law persecutes its trading. Arctic and Antarctic appeared in the list because its inhabitants use dogs as nutrition in emergency cases what is opposite in Korea, where they have created a breed that is meant for eating: Importantly, whether dog meat consumption is considered a National tradition, culture or custom maybe a matter of semantics only; clearly the motivation in Korean

Writing activities Article Example | Topics and Well Written Essays - 750 words - 1

Writing activities - Article Example Another important aspect which has been under consideration is that the quality of social media friendships differs from that of offline friendships. Off-line friendships and social media friendships both have their own charm and each type has its own uniqueness and special characteristics. Offline friendships have known to exist since forever. When a young child starts his education from the level of kindergarten, the first friend that he makes is through this type of friendship. This companionship is special and interaction begins mainly through face to face conversations. Offline friendships are cherished and people in this type of friendship share a bond which is mainly created by the physical presence of each other. These friendships are effective and emotions and expressions are far more easily expressed. This is because these friendships commence mainly through physical meetings and the two friends have actually seen each other. Friends at school, in the neighbourhood and in family are known better and tend to be generally closer. The special thing about off-line friendships is the warmth and care that friends can provide to each other through physical presence in difficult situations in one’s life. On the other hand, social media friendships which have gained substantial fame nowadays have their own appeal. These friendships have become popular amongst all age groups and provide a means for people to communicate even when they are far away. With the current busy lives of all individuals, people have lesser time of meeting their friends. Computers and the internet have come to the rescue and have provided with this form of friendship. The distinctive characteristic of social media friendships is that people tend to be connected to each other and physical presence is not a necessity. A person can interact with people and make friends even

Finance - Personal Financial Planning Assignment

Finance - Personal Financial Planning - Assignment Example You have no plans to increase the size of your family in the near future. Estimate your total insurance needs using the DINK method.   Assume $5,000 for funeral expenses. The Kelleher family has health insurance coverage that pays 80 percent out-of-hospital expenses after a $500 deductible per person. If one family member has doctor and prescription medication expenses of $2,800, what amount would the insurance company pay? Becky Fenton has 25/50/10 automobile insurance coverage. If two other people are awarded $15,000 each for injuries in an auto accident in which Becky was judged at fault, how much of this judgment would the insurance cover? People always   want to achieve different goals in terms of financial achievement. They are the basic rules that one needs to follow to come up with a good and comprehensive finical plan that will not affect his/her income. The first thing you need to know is your current financial income. This will enable you to plan accurately. The second is developing a financial target. This will make you remain focused on what you do. Also one needs to know what are the alternatives one has in case one side fails or an emergency occurs. Every decision you make must have an alternative and a course of action. Creation of financial plan should be another factor. One needs to choose his or her goals clearly either long term or short term ones. For example one can buy things in higher purchases to attain long term goal. Finally is reviewing your plan time and again as it   is dynamic and tend to change now and then .This is to enable accommodation of more factors that come along the

EMPLOYEE RELATIONS Essay Example | Topics and Well Written Essays - 1250 words

EMPLOYEE RELATIONS - Essay Example In such instances, intervention of trade unions is vital in that it encourages procedures to be put in place so as to create necessary and balanced relationship; thus promoting mutual understanding between the parties. A win-win situation is built between the parties thereby enabling them to have mutual understanding and better progress. A trade union is comprised of employees who need to have their interests organized and represented not only in the workplace but also in the society. The union ensures proper regulation of the employment relationship through collective bargaining with the management. Here, employers and employees share powers in conducting employment relationship. The process of collective bargaining opens the room for negotiation between employers’ representatives and the union comprising of employees, in the aim of regulating employment where they reach an agreement which is, therefore, applied to employees equitably. This tool is mostly used by unions in pr otecting or improving their members’ interests. Therefore, involvement of collective bargaining and power sharing between the two parties has a considerable impact in that it improves the employment relationship and fosters organizational performance (Daniels, 2006: 43). The Trade Union and Labour Relations Act governs both permanent and casual workers who have a common interest in regulating their relationship with the employers. Functions of trade union are broad in terms of job regulation, power, social change, economic regulation, self fulfilment and member services. At times, some trade unions have affiliated with some representative bodies, for instance, the UK Trade Union Congress which depicts itself as the voice of all workers in Britain. It helps members to lobby the government concerning various issues, which include, union, economic and employment Unions have the mandate to challenge managerial rights by restricting employees from supplying labour to their employe rs through the organisation of industrial action (Stephen, 2007: 45). Unions have not only a face of monopolising labour supply to the management, but also a voice for their members. In their operation as a collective voice, they spot employees’ concerns and efficiently convey them to the employer. This enables the management to better treat the employees without having to incur transaction costs. It also impacts an individual employee by overcoming the incentive problem that would cost them by conveying their grievances to management in the absence of the union particularly when the benefit accrues to all workers, for example, public goods like safety and health. In such cases, the employees do not tackle the problems facing them; instead they let them foster and find it more convenient to quit their jobs and go in search for another one elsewhere (Rose, 2008: 38). Unions, therefore, are considered to offer a valuable service to both the management and the employees by colle cting all employees’ concerns and passing them on to the employer. This, in most cases, leads to faster and better decision making by the management, which solves employees’ requirements better than in the absence of the union. Effectiveness of a union is gauged by its capability of achieving set goals in serving members through workplace representation and