... To answer previous questions, Macroeconomists use theories and models. - In economics, as in other sciences, explanations and predictions are based on theories and models. - A theory is a set of rules and assumptions used to explain observed phenomena. - A model is a simplified representation of the reality based on theories. - In economics, a model usually consists of a system of equations. 1 14/01/2016 - The relationship between facts, theories, model, and predictions: Predictions Model Theories Data “If I couldn’t formulate a problem in economic theory mathematically, I didn’t know what I was doing. I came to the position that mathematical analysis is not one of many ways of doing economic theory: it is the only way. Economic theory is mathematical analysis. Everything else is just pictures and talk.” Robert E. Lucas 1995 Nobel Price in Economics Chapter 1 The Long Run - Can you...
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...(Mega Fitness) trying to improve the situation or leave and join one of the main competitors in the Tempe area. Despite seems easy jump in the new position in a different company, the analysis reveal that the risk in this movement are pretty high and in the long-term scenario would probably not pay back. The best way to proceed seems in working in both the side for better understands details of the new company in terms of role, style, etc. meanwhile trying to solve issues on the current company (Mega Fitness). In the current scenario with a lack of fundamental information it’s clear from the analysis that work for address the issues in Mega Fitness would be a better option instead to jump in a very risk and uncertain situation (the role of “Junior”, the owner of the competitors company is fundamental and could be disruptive for Henry and his job/career). Typology – Decision case Henry Baker needs to take an important decision, remain in the current company (Mega fitness – national brand) and work for improve the situation or embrace a new adventure joining a competitor (smaller local company). Analysis In order to have a structured and solid comparison between the current job of Henry at Mega Fitness and the potential alternative is necessary, first of all, an analysis of PROS and CONS for both the options. Current job at Mega Fitness Pros * Company staff training, process and procedures * Long-term growth...
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...Analysis of Dietary Intake After completing the computerized nutrient analysis of your 7-day food and beverage intake, answer the following questions. 1. Do you feel the three days of the food record are typical of your usual intake? Why or why not? No, using the my fitness pal app made me very cautious of what I ate. I liked it because it made me recognize and distinguish good food choices. 2. How many eating occasions did you average each day? Do you feel you normally eat at designated meal times or would you consider yourself one who snacks frequently? Explain. I am a three to four meal a day type guy. I stuck to the plan eating only 3 meals a day, with a couple of snacks in between. 3. Were there times when you were responding to psychological/social needs for food rather than biological needs? Explain. No 4. Please indicate if your calorie needs from your personal profile are based on the data you inputted or have been adjusted for weight loss, weight gain or for pregnant/lactating mothers. I put in that I wanted to maintain my weight, by doing this I was allowed 2,620 calories before exercising. Individual Dietary Analysis Carbohydrates 1. What was the average number of grams of carbohydrates you ate? 383 2. What is your recommended intake for carbohydrates in grams? 373 3. LIST your carbohydrate rich foods (10 grams or more) from each day in your food record. Which contributes most to your CHO intake, starch or sugar? Baked potato...
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...Government and its influence on the allocation of resources and affect on the economy cannot be overlooked, which makes the subject of Public Finance such an important field in the study of economics. Government is made by the people for the people, and therefore government has the power to control resources based on what the people want. Sure, people don’t like to pay taxes. People would rather keep all of their money and spend it in the way that they’d like. However, people also know how important social security, Medicaid, and other governmental programs are to their future, and therefore are willing to pay taxes in exchange for the goods and services the government provides to its citizens. Essentially, it all comes down to an economic comparison between one option (no taxes and no governmental programs) versus another option (taxes and governmental programs), and how much people are willing to pay (money, opportunity costs, etc.) for one option versus another. Because taxation by the government is such an important subject to everyone, Public Finance is truly an important subject that affects everyone and is an important subject for everyone to learn about, since it affects their overall well-being. By know more about voting, government allocation of resources, redistribution programs, and other important topics in Public Finance, people can make better decisions about who to vote for and people can have a bigger say and better knowledge about how the government affects...
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...Subjective Well‐Being and Income: Is There Any Evidence of Satiation?* Betsey Stevenson The Gerald R. Ford School of Public Policy, University of Michigan & CESifo and NBER betseys@umich.edu www.nber.org/~bstevens Justin Wolfers Department of Economics & The Gerald R. Ford School of Public Policy, University of Michigan & Brookings, CAMA, CEPR, CESifo, IZA and NBER jwolfers@umich.edu www.nber.org/~jwolfers ABSTRACT Many scholars have argued that once “basic needs” have been met, higher income is no longer associated with higher in subjective well-being. We assess the validity of this claim in comparisons of both rich and poor countries, and also of rich and poor people within a country. Analyzing multiple datasets, multiple definitions of “basic needs” and multiple questions about well-being, we find no support for this claim. The relationship between well-being and income is roughly linear-log and does not diminish as incomes rise. If there is a satiation point, we are yet to reach it. This draft: Keywords: JEL codes: April 16, 2013 Subjective well-being, happiness, satiation, basic needs, Easterlin paradox. D6, I3, N3, O1, O4 * A shorter version of this paper will appear in the American Economic Review, Papers and Proceedings in May 2013. The authors wish to thank Angus Deaton, Daniel Kahneman, and Alan Krueger for useful discussions and The Gallup Organization, where Wolfers serves as a Senior Scientist, for providing data. The views expressed herein...
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...William Shakespeare's Sonnet 29 Reflection and Analysis Ashley Terreforte Introduction to Literature Instructor Danielle Slaughter March 27th, 2013 In this paper I will be explaining why I find William Shakespeare’s Sonnet 29 interesting and what about the sonnet that catches my attention. I have always been a big fan of all of Shakespeare’s work only because his writing style and the words he uses to make his point within the play, sonnet, or piece of literature. The way Shakespeare writes I find very interesting and sometimes confuses me but that is what keeps me interested because I am continually learning how to define what it is that Shakespeare is trying to say within his literature. In William Shakespeare’s Sonnet 29 the form, language, and content of the poem are what keep in engaged and wondering what would go through Shakespeare's mind when he sat down to write Sonnet 29. The form in which Shakespeare wrote Sonnet 29 and many other of his sonnets with the AB AB CD CD EF EF GG form reminds me of the notes on a music staff and that is what keeps most interested because in my head I look at it as a song and in a way it kind of is. The Elements in which kept me intrigued in William Shakespeare's Sonnet 29 did not affect my response to the poem, however because of the language used to write the poem I did tend to focus more on trying to understand what Shakespeare was saying because of the language used. In William Shakespeare's Sonnet 29 the form in which he...
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...NAME_______________________________________ DIET STUDY PROJECT Gender: M / F Height:________________ Current Weight:_____________ Age:_________ Activity Level:______________________ Make sure you SAVE a copy OF YOUR ASSIGNMENT for your file. this must be sumbitted with your assignment. |CRITERIA-Rubric |COMMENTS | |ASSIGNMENT TURNED IN ON TIME | | |No points for late submission. | | |All REQUIRED FORMS MUST BE TURNED IN the Dropbox in D2L one iProfile| | |pdf file (from iProfile report wizard that includes: Macronutrient | | |Distribution, Food Journal Summary, Intake compared to DRI, Intake | | |Spreadsheet, MyPlate, and Activity Journal Summary), AND this Diet | | |Study Project document-MSWord doc...
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...INSTRUCTOR Dr. Jeri Jones FROM: Praneetha Tempalli Donghyun Kim Jennifer Hancock Akhil Toshniwal External Environment Analysis Specific environment analysis 1. Rivalry of existing firms- Rivalry amongst existing firms is pretty high. There are large numbers of competitors. Chains like illycaffe, Lavazza, Nescafe and Bobcorp are some of the competing firms as big as Starbucks with a strong hold in different geographic regions. Thus competing with these firms is quite hard. As there is no differentiation and switching costs for customers, competition is dominant. As firms invest millions and billions into this business, they fight till the last cent. 2. Potential Entrants- There are two ways to look at potential entrants. First thought would be the threat of Mom and Pop Coffee houses. They seem to be pretty high as it is easy for anyone to start a coffee house with less available resources. Second thought gives us an idea that if we compare the size of new entrants to the size of Starbucks the same threat seems negligible, as it requires vast amount of resources and time to be in competition with Starbucks. 3. Bargaining power of buyers- Products offered by different firms is identical and undifferentiated, moreover there are no switching costs for customers so bargaining power of buyers is apparently high. 4. Bargaining power of suppliers- Bargaining power of suppliers is high as coffee beans are the single most important ingredient to Starbucks and...
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...Basketball (movie) * Roosevelt’s “Strenuous Life” * Mark Oppenheimer’s “In the Fields of the Lord” * I created a quiz using the timeline of Muscular Christianity Newest Heroes * I researched Muscular Christianity Significant Figures During 1980’s - Today Analysis * KWL Chart – It helped me organize my thoughts on what I knew already about Muscular Christianity and What I wanted to know about it. * 13 Rules of Basketball – I thought the movie tried to interpret how those 13 rules belonged in Kansas and how significant they were in playing a role to spread Muscular Christianity. * Roosevelt’s “Strenuous Life” – I had high hopes for such a titled work by one of America's great leaders. This is a speech Theodore Roosevelt made in 1905 in Chicago, and in it, Roosevelt extols men--and he is very clear that he is speaking to men--to live strenuous lives full of struggle and grand dreams. He stresses on Muscular Christianity and living life through discipline and organized structure. * Mark Oppenheimer “In the Fields of the Lord” - A good beginning point is to talk about the message of Jesus. Oppenheimer says Jesus preferred the loser to the winner, the weak over the strong and the poor over the rich but this is not an indictment against football. In fact the essential message of these scriptures is...
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...corporations that were the bases of the economy and a huge improvement in the technology. This historic moment set the path to became into the society that now we are. The assembly line together with the mass production and was established during this time. It also was a time of corruption one of the most important things that this time gave to the world is the institution of monopolies. Henry Demarest wrote an article called “wealth against commonwealth” in 1894 This article was written with the intention of showing what was really happening in the world of the monopolies during the gilded age. The author probably was motivated by what he was watching; the inequality between the rich and the poor, too many were poor and just a few were extremely rich. He described the wealth as some kind of infection, He thought that we were losing the liberty that we earned by falling into corruption trying to be wealth. Demarest mentioned that many rules were established to avoid the acts of corruption by the monopolies leaders, but they had not too much success an all remained the same. According to henry Demarest who said “if our civilization is destroyed , it will not be by, barbarians from below” (50) to refer that these businessman who owned these powerful corporations were the ones who will destroy the society .Henry...
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...Get Rich or Die Tryin’ ITT Technical Institute Michael Sheldon 10-30-13 Get Rich or Die Tryin’ The IT security breach, caused by one Albert Gonzalez and his accomplices, is one of the most expensive lessons in corporate data security policies. For TJX this is more so as it is not only just that, it’s a black spot on the companies security record and has earned quite the problem as people no longer trust the company due to just how many security issues came to light with Albert’s breach. The TJX stores were foolishly using the relatively weak Wired Equivalent Privacy (WEP) protocol instead of updating to the stronger Wi-Fi Protected Access (WAP) protocol, making it much easier for the breaches to occur. However, the real damage came from the fact that the intruders were able to access the TJX internal systems, being able to move around freely for almost two years. The breaches occurred from the middle of the year 2005 and ran through December 2006, while an estimated 47.5 million records were stolen during that time period. TJX’s other security problem was because they allowed the hackers free roam for pretty much 18 months, showing the company didn’t keep proper traffic logs for their system, the company being unable to find them due to the need to look through all of their systems to try and determine just who it was that took what data, from where, where it was sent, and so on. Because of this, the investigation into the matter took...
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...English Task 9(western australia 2cd) Analysis of “The Great Gatsby” by F. Scott Fitzgerald The Great Gatsby is a comment on society in what was supposed to be the greatest period of American history, the 1920's. Its comment is on our perceptions on wealth, and how people go about gaining and receiving said wealth. It is a critique on the class system and the oppression and misrepresentation of the working class. It is a demonstration of the full spectrum of human relationships and the best and worst parts of America. It’s not just about the love story between the novels central characters, Daisy and Gatsby, but more about the social decay of their society. In the Great Gatsby the story is told from a character voice. The novel is read from Nick Carraway perspective. He is a young man we meet at the beginning in the Great Gatsby novel. Nick moves to New York in 1922 to learn about the bond business, he acquires a house on West Egg early in the novel. This is also where he meets his neighbour Jay Gatsby. Jay Gatsby is a mysterious man who is also filthy rich, the method by he acquired his wealth is questionable. Gatsby is represented in the novel as a symbol for new money and the pursuit of the American dream in the roaring twenties. The roaring twenties was a period of great economic prosperity in the US, there where a lot of individuals who gained their massive wealth during this economic period. Jay Gatsby’s primary goal in the novel is to “own” Daisy Buchanan. She is...
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...Gr.301 Russu Cristian Narrative Essay The legend of the Coral Island - NOPOMBALU The legend of the Coral Island - NOPOMBALU Once upon a time there were a handsome hunter, his name was Lawongo. In the jungle he only hunted wild hogs. The animals often destroyed the villagers' fields. The villagers were very grateful. With Lawongo's help, their fields were safe from the wild hogs. Lawongo was also very great in playing a flute, it was so melodious, like the night butterflies, dancing over the fire. Everybody always enjoyed listening to his flute play. One of the people was a beautiful girl. She always listened attentively, with those passionate eyes looking at him. Lawongo knew there was a beautiful girl who always paid attention to him. Lawongo fell in love with her. The girl also loved him, later they got married. They were very happy. They loved each other and promised to be always together. They would be together until they died. On one night, Lawongo had a strange dream. In his dream he was hunting a very big wild hog. The hog attacked him. He did his best to kill the hog, with monstrous tusks. He used his knife to stab the hog and it finally died. Its dead body, was as big as the moon in the sky that night. On the next morning, Lawongo went hunting. It was still early in the morning and he did not want to wake his wife up. In the jungle ha did not see any animals. He could not find any wild hog either. He felt very strange. He walked and he felt very...
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...living in a jungle, in which the strong prey on the weak and all living things are engaged in a violent, brutal fight for survival. In the book, you only see the use of the word "jungle" once. This being when Jurgis has been drinking and decides to sleep with a prostitute. The novel also seems to compare Jurgis' sexual desire to that of a beast in the jungle. Therefore associating jungles with uncontrolled desires. This being said, the awful conditions of the workers in Packingtown are the result of the uncontrollable human desire for money. The Jungle is about bringing to light human greed and the social damage it does. The images of "beasts" that live in the jungle also depicts violence and brutality – another huge theme of Sinclair's analysis of life in Packingtown. Sinclair describes capitalism as destructive because he shows it...
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...Text 1: “Art; Is It Art? Is It Good? And Who Says So?” by Amei Wallach “It seems pretty clear by now that more or less anything can be designated as art.” This is true, whether or not I think something looks beautiful, or a song sounds melodic it can still be considered art. Sculptures made of trash can be considered art, where I just see someone's leftovers gone rotten. Just like a pile of trash has the possibility of turning into a million dollar sculpture, all art has the possibility of turning into great art. Art isn't great because it looks beautiful to everyone: it's great because it inflicts emotion in the viewer. I look at garbage and see garbage, someone else looks at garbage and sees the struggle of the forgotten few. Wallach quotes artist Richard Prince, who says that there will not be “a consensus” in a room of people. For Prince, his art is good because he feels good when he makes it. It's the fact that his art causes him to feel that makes it great....
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