...lost city of Atlantis really exist? There are many different opinions on the topic. Some scholars think yes, while others would disagree. Atlantis is an ancient island city that supposedly sunk into the ocean. The Greek god Poseidon created it. Many people have searched for it in the depths of the ocean, but to no avail. There are many facts about Atlantis, lots of potential theories about its existence and possible location, however many of these propositions have little evidence to prove it. 1. Facts Roughly two and a half centuries ago, a Greek Philosopher named Plato wrote two books called Timaeus and Critias (Scientists Search for the Lost City of Atlantis). “Timaeus and Critias are the only existing written records which specifically refer to Atlantis” (Lost Civilizations: Atlantis). In the story, it states that the books are fact, not fiction (Lost Civilizations: Atlantis). This means that Atlantis could possibly be real. According to Timaeus, Atlantis was located near the Atlantic Ocean. It was also larger than Libya and Asia combined (Lost Civilizations: Atlantis). Critias provided a detailed description of Atlantis and stated that a cataclysm destroyed it (Lost Civilizations: Atlantis). According to...
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...Atlantis, a Lost Civilization? The mystery of Atlantis has perplexed much of the world for the past few centuries as it offers an idea of a perfect civilization. For these centuries scholars have been gathering all the information they can about Atlantis so they can find out if it truly existed. Many people who think Atlantis can be discovered look back at how Schliemann found Troy, Troy was thought to have never of existed by most people. But, even for the people that think Atlantis does exist, there are many conflicting theories as to where Atlantis exists. 1. Facts Atlantis was first mentioned in one of Plato’s writings, called Timaeus and Critias (), in 360 B.C., before this there is no literary record of Atlantis. Plato was very vivid in his writings of Atlantis giving explicit details: a canal connected Atlantis to sea, there were inner, middle, and outer rings of Atlantis, a wall circled the outer ring, there were mountains to the north and a sea to the south(Atlantis).descriptions In Timaeus and Critias, Plato wrote that “and one grievous day and night befell them, when the whole body of your warriors was swallowed up by the earth, and the island of Atlantis in like manner was swallowed up by the sea and vanished,”(Lost Civilizations: Atlantis). This quote from his writing says that Atlantis was swallowed by the sea...
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...Calvin O. Anderson 5/3/2010 Truth Behind The Myth: The Legend of Atlantis According to Harris Platzner in Classical Mythology, one of the definitions of the term “Legend” is that it is used “to denote traditional tales that have some factual basis, however tenuous, in historical events.” There are thousands of known myths and stories and thousands of legends but only some have been proven to have some truth behind the myth. Legends can date back thousands of years and in lots of cultures are passed down through generations orally. Sum legends are so popular that they are known all over the world and a person could give sum information on the legend just from hearing about it. An example of this would be the Legend of Atlantis! Known all over the world Atlantis is one of the most popular legends of all time. Its story dates back to around 420 BC maybe even before then. It was first told about by a philosopher by the name of Plato in his Critias and Timaeus dialogues, the first recorded references to Atlantis. (Atlantis – Lost Civilization) Plato claimed that Atlantis was a huge island in the Atlantic Ocean the size of North Africa. (Atlantis, the Antediluvian World, by Ignatius Donnelly, [1882]) He told of the people and that they were unusually educated and technologically advanced far greater than other cultures at the time. (Summary of the legend) According to Plato the result of a massive flood possibly bought on by a Earthquake or submarine volcanic explosion caused...
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...Hornung OCEA & 101 12 October 2012 The lost City of Atlantis “Long ago there existed an island, populated by a noble and powerful race. This beautiful place was a domain of Poseidon, god of the sea, who had fallen in love with a mortal woman, Cleito. He created a magnificent palace for her in the centre of the island. The people of this land possessed great wealth thanks to the abundant natural resources of the island, which was also a centre for trade and commerce. The rulers held sway not just over their own people but over the Mediterranean, Europe and North Africa” (Menzies). The Greek philosopher, Plato, wrote the above description of Atlantis in 355 B.C. Plato had originally planned to write a trilogy of books on subjects such as the creation of the world, the nature of man, the story of Atlantis as well as other subjects. The first book, Timaeus, was completed, Critias, which contains the story of Atlantis, was incomplete, and Hemocrates, was never written (Levy). The story of Atlantis is one of the oldest myths of mankind, a lost paradise and the most popular of all supposed advanced prehistoric lost civilizations. It’s location has been assigned to almost every possible place on earth including Sardinia, Crete, Cyprus, Malta, Turkey, Israel, Sinai, Sweden, Bahamas, Bermuda Triangle, Japan and even Kumari Kandam (“Lost Continent”). In Plato's book, Timaeus, a character named Kritias tells an account of Atlantis that has been in his family for generations. According...
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...Honors Sophomore Literature and Composition 11 March 2013 1355 Words Bermuda: The Triangle of Death The Bermuda Triangle is one of the most terrifying places imaginable considering the fact that so many ships and planes disappear each year. Many people believe these disappearances to be due to ideas of supernatural or other unworldly events occurring, however those ideas are nothing but hoaxes used to save companies from being sued. Plane manufacturers and airlines, such as British South American Airways, are hiding the fact that planes are disappearing due to mechanical problems telling people the disappearances were caused by aliens or by the lost city of Atlantis. The manufacturers did this in order to save their businesses from bad publicity. Airlines and plane manufacturers are not only able to deceive the public, but they are also able to make the public believe something else entirely. In the mid-1900s, planes were still new so they were definitely going to have some problems. However, companies that manufactured these planes still did not want people to know that it was their fault that these disappearances occurred. In order to cover up this fact, these companies had to make up a story to draw the people’s attention away from them. “At 2,000 feet you’d be leaving very little altitude for maneuver. In any serious in-flight emergency they could have lost their height in seconds and gone into sea” (“Bermuda Triangle plane mystery ‘solved’”). Companies along with the...
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...but a change in preferences caused demand to increase. Microeconomics focuses on individual people and individual businesses (Colander, 2010). It analyzes individual entities or activities such as supply and demand in the market, and the effects of behaviors and decisions. The simulation gave two examples of microeconomic behavior as it explained how individuals react when faced with decisions about how to spend their money. It also stated that Atlantis was considered a monopoly because it has no housing development competitors nearby. Their profit incentives lead them to raise prices and lower output in order to get the most out of consumers. In determining the rental rate for Atlantis tenants it is important to understand that more quantity is demanded at a lower price. When the rental rate is reduced, the more tenants are willing to rent which leads to lower vacancy rates. As the rental rate lowers, revenue initially increases, it will then reach a particular rate and quantity demanded, and then decreases. Atlantis incentive to supply more is when it is at a higher price. The supply curve is upward sloping as the...
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...The New Atlantis, Bacon Sir Francis Bacon had a different view on the world as did the other authors we have read. Bacon’s view was solely on scientific method and experimentation. Francis Bacon was the founder of the scientific method which led to his critical thinking. For Bacon, nothing exists in the universe except individual bodies. I do not agree with this on the terms of it clearly shown that there is more in this world than just people. I believe that his scientific method and his gatherings are what has lead him to believe such a theory. Moving forward, Bacon tends to divide theology into two categories: natural and revealed. Natural theology is knowing that God exist, we know this because of study of nature and the creatures God created. I am a follower of natural theology, I enjoy studying creations because it makes my faith for God a lot stronger. Anything other than the knowledge of God and his creations is labeled under revealed theology. As I read and read the New Atlantis, I am beginning to see that the society in the story is definitely a scientific society. Also, in the New Atlantis, the need for man to be driven does not exist, also the scarcity is demolished because there is no need for money. It is all based off of science. I can agree on some aspects of science and religion. However, there are a few points that I can make as a Christian as to why religion is not science. The first point is the creation of the world. I do not believe it was science that...
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...Petroleum Prices and Demand Abstract This week's simulation is centered on GoodLife Management. GoodLife Management is located in a town by the name of Atlantis, where the company rents two-bedroom apartments on a month-to-month basis. This paper will cover the simulation’s supply and demand for two bedroom apartments, the concepts of microeconomics and macroeconomics principles, the shifts in supply and demands, and how the equilibrium is affected during the shifts. The paper also covers how price elasticity of demand affects the decision-making of the consumer and the organization. Introduction The "Applying Supply and Demand Concepts" simulation displays how the supply and demand curves are affected by various conditions that happened with Goodlife's two-bedroom apartments in the city of Atlantis. The simulation called for choices to be made on the grounds for what was happening in the community of Atlantis and what the company was trying to accomplish economically as an effect of the changes within the community. This paper will recap concepts found in the simulations and explain what caused the changes in supply and demand, how the changes in supply and demand played a key part in the decisions that were made, and relate the concepts of supply and demand to reality. Microeconomics and Macroeconomics According to Colander (2010) “Macroeconomics is the study of the economy as a whole. It considers problems such as inflation, unemployment, business cycles, and...
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...well as experimental methods also called BACONIAN METHOD later, which is the base of all recent scientific theories. (ENotes.com, 3rd March 2015) There were always been a contradictions among conventional and innovational methods in Bacon’s write ups. Even in his ‘New Atlantis’, the puzzle depicts itself when he creates an empirical process of experimental scientific method and inquired lacking of certain assumption that would be believed prehistoric in the recent times. He considered that the human opinions can be restructured by applying a new system of learning that combines hypothesizes as well as empiricism. According to him, this will allow an individual to examine the ‘the information of causes, and secrecy of the things in motion’, and also the ascendance in the boundaries of human empire, which is effectual to all the probable things. Many scientific researchers of that time embraced Bacon’s philosophical concentration is not compatible with the scientific theories of that time. Although, in accordance with Bacon, the Bensalem’s scientific documentations of wonders makes it clear all of the justifications of religions, and also it does not have any influence on the scientific affairs of the state. He deduced that neither science nor even religion only is enough for the peace as well as success of Bensalem; however the proper accomplishment of scientific theory is, indeed, coherent with devout modesty and also social constancy. In “Science and Society...
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...ECO/365 Principles of Microeconomics Professor Alex Gialanella December 9, 2013 Good APA compliant cover In this paper I am going discuss the simulation I viewed in Week 2, which is about a city called Atlantis. It is a well maintained and has everything to offer its residents/tenants a decent number of parks, close to highways, clean litter free sidewalks and a low crime rate. The GoodLife Management is the property management firm that handles seven apartment complexes in the city of Atlantis. They have over 2,000 two-bedroom apartments and only a 28% vacancy rate, it’s very essential to use the supply and demand curve to determine the equilibrium in the market. It is also important to understand movements along the shift of the demand and the supply curves to determine how the equilibrium is established after the shift in curves. Supply and Demand are the most used words in the world of economics today, according to Colander , D. (2010). Supply and demand is a critical part of microeconomic and macroeconomics and it assist in determining the economy. This is an excellent, clear intro – good level setting and use of reference As for the principles of microeconomic shown in the simulation is supply and demand. In the simulation they wanted to lower the cost of rent in order to lower the percentage of vacant apartments to 15%. This would raise the revenue for the management firm, at one point the employment rate, population and housing demand...
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...The Supply and Demand Simulation that was taken through the University of Phoenix utilizes the principles of microeconomics and macroeconomics concepts and theories. These concepts and theories are explained and relate to the principle of microeconomics and macroeconomics. The simulation actually presents relative reasons in the supply and demand curve, as well as an explanation for the shift. Each shift in the supply and demand curve is analyzed, which forecasts the effects of equilibrium price, decision making for the company presented and the quantity. The obtained concepts in the simulation will enable me to utilize and apply them to my current workplace. With the explanation of price elasticity, one can understand the effects that demand has on the pricing strategy for consumers and companies and how important a strong strategy is relevant to success. Atlantis is a nice neighborhood within the simulation that has many amenities that consumers look for (University of Phoenix, 2012). The simulation neighborhood of Atlantis utilizes two bedroom apartment rentals to present the effects of supply and demand for potential customers. The simulation also presented many other scenarios that the management company encountered with the two bedroom apartment rentals, such as how the apartment rental price can affect supply and demand while trying to stay competitive in the market of real estate. The simulation utilizes microeconomics concepts to illustrate the reasons for change in...
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...Running Head: Microeconomics and the Law of Supply and Demand Microeconomics and the Law of Supply and Demand ECO/365 February 12, 2012 Supply and Demand Simulation This week our facilitator assigned each student to participate in an economics simulation that allowed us to be in control over a property management company, named Good Life Management. In this simulation the student was able to use experimental economics and natural experiments. Atlantis is the city in which Good Life Management operates their seven apartment complexes. Atlantis is also a very desirable place to live, and keeps prices competitive. The simulation changed the economic, social, and political factors, and left the student to determine the correct market price to list the apartments. According to Colander, D. (2010) “Theories, models, and principles must be combined with knowledge of real-world economic institutions to arrive at specific policy recommendations”. Microeconomic and Microeconomics In this simulation there were many examples of how micro and macro economics influenced supply and demand. According to Colander, (2010) “Microeconomics is the study of how individuals choice is influenced by economic forces”. In the first simulation Good Life Management had 2,000 two-bedroom apartments with 28% vacancy rate. At this point the simulations recommendation is to lower the rent amount in order to get 15% vacancy which would maximize revenue for Good Life Management...
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...Assumptions of Portfolio Theory • Investors are rational. • Investors are basically risk averse. • Investors wants to maximize the returns from his/her investments for a given level of risk. • Investor portfolio includes all of his/her assets and liabilities. • The relationship between the returns of assets in the portfolio is important since the returns from these investments interact with each other. Risk Aversion • Portfolio Theory assumes investors are basically risk averse. • Risk aversion means an investor, given a choice between two assets with equal rates of return, will select the asset with the lower level of risk. • Does not imply everybody is risk averse. • Most investors when committing large sums of money in developing an investment portfolio are risk averse. • This means investors expect a positive relationship between expected return and expected risk. Definition of Risk • Risk is the uncertainty of future outcomes. • Probability of an adverse outcome. Markowitz Portfolio Theory • Developed by Harry Markowitz in the 1950s. • Won a Nobel Prize for his work. • Basic portfolio model derived the expected rate of return for a portfolio of assets and an expected risk measure. Markowitz Portfolio Theory • He used variance of the rate of return as a measure of portfolio risk under a reasonable set of assumptions. • He also derived the formula for computing variance of a portfolio. Assumptions of Markowitz Model • Investors consider each investment...
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...self-evaluation has become apparent in several texts and can be shown in comparison to multiple different facets that surround the West. The West, using imaginary and real circumstances, envisions itself to be in a position of superiority over both nature and other civilizations. In one instance of Westerners constructing an argument for their superiority, Plato referenced the imaginary civilization of Atlantis, whose purpose was to rival Athens. Plato constructed Atlantis as the political and cultural opposite of Athens and its democratic system. In the text, Critias recounted...
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... In the simulation on two bedroom apartments in the city of Atlantis, we learned how the supply and demand curve moves back and forth and their relation to the equilibrium price. Depending on the health of an item or service that has an elastic price, the economy can and will directly effect the supply and demand of said product or service, and in this case two bedroom apartments. Two Micro and Macro Economic Concepts There are two concepts that stuck out to me in the simulation. One of them being prices, or pricing theories and the other being economic welfare. Based on supply and demand, the simulation showed how because of demand the prices on the two bedroom apartments can increase, especially if there is an influx in demand or a shortage in supply. In the opposite scenario, prices can decrease if demand is low and supply is high. This relates to economic welfare because is the economy is struggling, and then prices for two bedroom apartments are affordable. The pricing is elastic. Where as if the economy is in surplus, we experience inflation and the prices are higher and supply could be bleak. Shift in the Supply Curve There were multiple shifts in the supply curve within the simulation in the city of Atlantis. The supply shift that I took most interest in was when the IT and Biomedical companies started taking up residence in Atlantis. Suddenly, the population has increased the supply has stayed...
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