Tuesday, January 28, 2020
Position of FE Line and IS Curve Analysis
Position of FE Line and IS Curve Analysis The employees choose to work when the organizations offer high wages to them and on the other hand organizations have a preference to hire employees while the wage rate is low, the labor market equilibrium is to balance out the contradictory needs of employees and organizations and find out the wage rate and the employment examined in the labor market. The labor market equilibrium find out an amount of labor, and that amount of labor through the production function determines full employment level of output. As the level of output does not rely on the rate of interest the full employment line would be plotted as a vertical line in the graph. The first example of change in economy that would shift the FE line to right is the increase in labor supply, when the labor population increases the equilibrium employment also increases which in turn increases the full employment output and shifts the FE line to right. The second example of the change in economy is the increase in capital stock when the capital stock increases the additional output can be produced with the same number of labor and that would shift the FE line to right. Q2) What relationship does the IS curve capture? Derive the IS curve graphically and show why it slopes as it does. Give Two examples of changes in the economy that would cause the IS curve to shift down and to the left. The IS curve illustrates the correlation between the real interest rate and income for which investment is equals to savings. The graphical representation is based on the dependent variable which shows the income level and the independent variable which is rate of interest. The IS curve is drawn as down-ward sloping with the rate of interest (r) on vertical axes and the level of income (Y) on horizontal axis. Is curve represents the equilibrium point where total investment equals to total savings. Derivation of IS curve The saving curvature incline upward as the high rate of interest increases savings whereas an increase in income shifts the saving curvature to the right, because people save more when their income is more and the investment curvature slopes downward as the high rate of interest decreases the preferred capital stock which in turn decreases investment. At the higher level of income the saving curvature shifts to the right comparatively when level of income is low. The interest rate is lower at the increased level of income due to which the IS curvature slopes downward. The first example of the change in economy that would cause the IS curve to shift down and to left is due to taxes when consumer without considering future tax cut decreases the consumption it increases the savings and decreases the rate of interest that clears the good market. The second example of the change in economy is when due to the effective tax rate on capital investment decreases which also decreases the rate of interest and shifts the IS curve down and to the left. Q3) What relationship does the LM curve capture? Derive the LM curve graphically and show why it slopes as it does. Give two examples of changes in the economy that would causes the LM curve to shift down and to the right. The LM curve illustrates the relationship between rate of interest and income for which the asset market is in equilibrium. Like the graphical representation of IS the LM s graph also has two variables; the independent variable is income and the dependent variable is rate of interest. The LM curvature is upward sloping and characterizes the amount of money demanded which is equal to the amount of money supplied. Derivation of LM curve The LM curvature can be derive by projecting demand of money for different levels of income and the resulting equilibrium. If we talk about equilibrium it says that when income rises the demand for money increases and when the demand for money increase it makes people to sell their fixed assets so the cost of those assets decreases and the rate of interest increases. As the rate of interest increases the money demand decreases till the equilibrium is achieved and due to this the LM curvature slopes upward from left to right. The first example of the change in economy that would cause the LM curve to shift down and to the right is due to increase in nominal money supply, when money supply increases, it decrease the rate of interest and achieve the point of equilibrium where money supplied equals money demanded. The other example of the change in economy is when there is increase in expected inflation the money demand increases as well as the rate of interest increases and achieve the equilibrium that causes the LM curve to shift down and to the right. Q5) Define general equilibrium and show the general equilibrium point in the IS-LM diagram. If the economy isn t in general equilibrium, what determines output and the real interest rate? What economic forces act to bring the economy back to general equilibrium? The general equilibrium is when FE line, IS curvature and the LM curvature intersects. It is indicated that outside variations are quite sensitive to the perseverance of interest rate and the output. The economic forces such as price adjustments in IS-LM model in terms of increase in government purchases and real money supply will work to bring back the economy back to general equilibrium. Q7) What two variables are related by the aggregate demand (AD) curve? Why does the AD curve slope downward? Give two examples of changes in the economy that shift the AD curve up and to the right and explain why the shifts occur. The two variables that are related to aggregate demand are price and income. The AD curve slopes downward because the AD curve considers the IS-LM illustration in which the LM curvature is drawn for fixed level of prices if price changes then LM curvature also shifts. At different levels of prices the IS-LM junctions determines the income level with various prices. The income and price on the graph gives the aggregate demand. For example any variable like the rate of interest or income except price that moves IS or LM from their original position it would also shift aggregate demand, the way of movement is determined by identifying the change in IS-LM model like if there is an increase in income level it shows the movement in IS-LM graph. Therefore IS and LM meet at higher income level, then the aggregate demand curvature moves to the right.
Monday, January 20, 2020
The tragedy of the commons invading our environmental rights case study
                                                                 10/27/04                                    Research in the Disciplines                                    First Paper Final Draft Tragedy of the commons invading our environmental rights: Case study Coral Reefs      In our world there are many resources, all of which people do not have a choice in sharing such as our air and our oceans. These resources are looked at as infinite, although this is not actually the case. Each time one person does something to pollute or use these types of resources, it affects the whole of society. This is the idea of the tragedy of the commons. This tragedy is the phenomena in which a resource may be used to such an extent that it is ruined for all. An example of this tragedy is given in the following scenario: given an open pasture as a commons to which all the herdsmen have a stake; each one will try and keep as many animals on the commons as possible. By adding one more animal to his herd, an individual gains a positive to himself but the negative effect of over grazing is felt throughout the commons. The effect, of overgrazing by one additional animal appears minimal so the other rational herdsmen conclude to add an additional animal to the ir own herd. Since all the herdsmen are thought to be rational this conclusion is reached by each of them. The effect of, overgrazing will become detrimental to the pasture and all the animals will die. There in is the tragedy because of peoples’ greed to use and or need of a limited resource the over use or degradation of it leads to its destruction. The destruction of these resources leads into another topic discussed by Shari C... ...and Max L. Coleman. â€Å"Record of natural and anthropogenic changes in reef environments (Barbados West Indies) using laser ablation ICP-MS and sclerochronology on coral cores†Coral Reefs 22 :416-426 Hoegh-Guldberg, â€Å"Coral reefs in a century of rapid environmental change.†Symbiosis 37(2004) 1-31. Jokiel Paul l and Brown Eric K â€Å"Global warming, regional trends and inshore environmental conditions influence coral bleaching in Hawaii†Global Change Biology 10(2004)1627-1641 Kà ¼hlmann, Dietrich H. H. (1985) Living Coral Reefs of the World. New York: Arco Publishing, Inc. Global Warming. Environmental Protection Agency . November 2, 2004. Famous Coral Reefs Damaged Due to Global Warming will Take a Century to Recover. NASA. November 2, 2004 West Jordan M. and Salm Rodney V. â€Å"Resistance and Resilience to Coral Bleaching: Implications for Coral Reef Conservation and Management†Conservation Biology 17.4(2004) 956-967 Major Reef-building Coral Diseases. NOAA&CORIS November 9 2004 http://www.coris.noaa.gov/about/diseases/diseases.html#coral%20bleaching Coral reef restoration: the status of the science. William F. Precht November 11, 2004. http://www.nova.edu/ocean/ncri/precht.html The tragedy of the commons invading our environmental rights case study                                                                  10/27/04                                    Research in the Disciplines                                    First Paper Final Draft Tragedy of the commons invading our environmental rights: Case study Coral Reefs      In our world there are many resources, all of which people do not have a choice in sharing such as our air and our oceans. These resources are looked at as infinite, although this is not actually the case. Each time one person does something to pollute or use these types of resources, it affects the whole of society. This is the idea of the tragedy of the commons. This tragedy is the phenomena in which a resource may be used to such an extent that it is ruined for all. An example of this tragedy is given in the following scenario: given an open pasture as a commons to which all the herdsmen have a stake; each one will try and keep as many animals on the commons as possible. By adding one more animal to his herd, an individual gains a positive to himself but the negative effect of over grazing is felt throughout the commons. The effect, of overgrazing by one additional animal appears minimal so the other rational herdsmen conclude to add an additional animal to the ir own herd. Since all the herdsmen are thought to be rational this conclusion is reached by each of them. The effect of, overgrazing will become detrimental to the pasture and all the animals will die. There in is the tragedy because of peoples’ greed to use and or need of a limited resource the over use or degradation of it leads to its destruction. The destruction of these resources leads into another topic discussed by Shari C... ...and Max L. Coleman. â€Å"Record of natural and anthropogenic changes in reef environments (Barbados West Indies) using laser ablation ICP-MS and sclerochronology on coral cores†Coral Reefs 22 :416-426 Hoegh-Guldberg, â€Å"Coral reefs in a century of rapid environmental change.†Symbiosis 37(2004) 1-31. Jokiel Paul l and Brown Eric K â€Å"Global warming, regional trends and inshore environmental conditions influence coral bleaching in Hawaii†Global Change Biology 10(2004)1627-1641 Kà ¼hlmann, Dietrich H. H. (1985) Living Coral Reefs of the World. New York: Arco Publishing, Inc. Global Warming. Environmental Protection Agency . November 2, 2004. Famous Coral Reefs Damaged Due to Global Warming will Take a Century to Recover. NASA. November 2, 2004 West Jordan M. and Salm Rodney V. â€Å"Resistance and Resilience to Coral Bleaching: Implications for Coral Reef Conservation and Management†Conservation Biology 17.4(2004) 956-967 Major Reef-building Coral Diseases. NOAA&CORIS November 9 2004 http://www.coris.noaa.gov/about/diseases/diseases.html#coral%20bleaching Coral reef restoration: the status of the science. William F. Precht November 11, 2004. http://www.nova.edu/ocean/ncri/precht.html
Saturday, January 11, 2020
Controversy on Native American Mascots Essay
Bigotry and mockery are two concepts that the United States has fought with since its creation, and it seemed that it was disappearing, but it hasn’t. Many schools, of all levels, are using a Native American mascot to represent their sporting teams and this has brought much controversy over the truth behind these mascots. This idea is the mocking a heritage for money and amusement of others. It does not, in any way, represent the truth behind Native American modern life. Lastly, if a mascot was used to represent another race, it would be deemed insulting and would immediately be removed. Using Native Americans as mascots is a cruel form of mockery and racism, and must be put to an end. A mascot is used to make money and to attract and amuse crowds. For many sports teams, mascots are animals such as bears or tigers. By using a Native American as a mascot, you are labeling them as lesser than the spectators of the sport. A Native American is a person, not an animal that one can use and sell for their own benefits. A student should not feel that their own school is mocking their family and their heritage for entertainment purposes. One student of a North Carolina high school had even said, â€Å"How long would you want to stay in a place where you’re being mocked and laughed at? †By mocking this heritage, they are not only offending people, but losing money in the process of trying to make it because many students prefer to not go to a school where they feel they are being made fun of. The use of a Native American as a mascot is offensive and must immediately be put to a stop. The idea of a Native American used to entertain people or represent sports teams is not at all what a real person of this heritage is. When the term â€Å"Indian†is used, many think of someone wearing face paint and a feathered headdress, the exact icon for the Cleveland Indians baseball team. However, the modern Native American is never dressed in anything like this. This mascot provides a false image to the rest of the world about a real culture. A representative had said that Florida State University’s mascot is â€Å"eye-catching but not historically accurate†. These images send out a negative reputation for Native Americans, and even make them seem like war-loving savages. The modern life Native Americans near the university are running a casino, not wreaking havoc on other tribes. This mascot sends a false and negative reputation about the true Indian culture that must be stopped. Racism has, over the years, become a rather sensitive topic in the United States. After years upon years of slavery, many are quick to assume that any comment towards an African American is based upon racism. However, no one jumps to conclusions when hundreds of schools using a heritage to amuse people and make money. According to N. C. A. A. resident Myles Brand, â€Å"At times, Indians are reduced to caricature. †If any school had dared to use an African American as their sports team mascot, it would bring massive controversy. To prove this, a group of students at the University of Northern Colorado nicknamed their team the â€Å"Fightin’ Whites†. This was quickly deemed extremely inappropriate, just as the use of any race in a nickname should. If one is against racism, they must be against it in all types, regardless of if it’s about African Americans or Native Americans, and the use of a mascot in this way is incredibly racist. As Brand had said, â€Å"If we don’t stick to our values, we lose our integrity. †The use of a Native American mascot is incredibly disrespectful to the true culture of these people. It does not show the real culture, it uses something sacred to make money, and it even promotes racism. By the school’s use of this mascot, we are allowing the bigotry and racism to spread throughout the world. This concept must be put to a stop immediately and must start with our region removing the high school’s mascot.
Friday, January 3, 2020
Race and Politics in Rebecca Scott’s Degrees of Freedom...
Rebecca Scott’s Degrees of Freedom: Louisiana and Cuba after Slavery is a story based on a nineteenth and twentieth century comparative history of two sugar- producing regions. While explaining this, Scott mostly focuses on the race and politics. The two places that Scott focuses on is the state of Louisiana in the United States, and the country of Cuba. Scott explains how Louisiana slaves are in a situation where they are trying to fight for freedom against the white Americans in order to gain a profit for their work and become free of slavery as well as gain rights in the United States. But in Cuba, slaves and the Cuban natives united in order to gain their freedom from the Spanish which causes a war revolution which did not occur in Louisiana because the Slaves of Louisiana were just one race against the Whites. In response to Scott’s personal view and experience of â€Å"Degrees of Freedom†, I could understand her point of view of and the struggle that Cuban natives as well as Louisiana slaves had to live in order to fight for freedom. When Scott explains in her book that the Cuban natives unite with the African-Cuban slaves in order to fight for freedom against the Spanish, It reminded me how other countries in Latin America had Native Americans who were brutally killed and used as salves by the Spanish. Countries like Mexico and in Central America had Native Americans which were Aztecs and Mayas. Some of these Native Americans were used as slaves at first but before
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