Direct Transfer Of Money And Securities Finance Essay

Direct Transfer Of Money And Securities Finance Essay Financial market is mechanism that allows people transfer of capital between savers and those who need capital takes place. It also is a place where allows people to buy and sell financial such as stocks and bonds. In addition to supporting previously issued financial assets in exchange for loans and financial markets through the promotion of financial assets from the sale of newly issued loans. Examples of financial markets including the New York Stock Exchange (resale of previously issued shares), the U.S. government bond market (resale of previously issued bonds), the U.S. Treasury Auctions (sales of new issues of Treasury bills). Financial institution is an institution, its main source of profit through the trading of financial assets. Examples of these financial institutions, including discount brokers (such as Charles Schwab and associates), banks, insurance companies, as well as more complex functions, such as Merrill Lynchs financial institutions. Moreover , financial market can be found in almost every country in the world. There are some very small, only a small number of participants, while others such as the New York Stock Exchange (NYSE) and the foreign exchange market -,trillion dollars in daily trading. Therefore , there are three ways available transfer of capital in the financial market thats direct transfer of money and securities , investment banking house , and financial intermediaries. DIRECT TRANSFER OF MONEY AND SECURITIES This types of transfer of capital occur when a business sells its stock or bond directly to savers without going through any type of financial institution. From a tax-deferred retirement plan or account type of asset to another. Direct transfer is not considered distribution, so there is no income or subject to any penalty tax in advance the layout. This transfer type is usually no electronic checks are cut from one custodian to another. The business delivers its securities to savers , who in turn give the firm the money it needs. INVESTMENT BANKING HOUSE An investment bank not same with the commercial bank or retail banks, investment bank does not take deposit. This is an organization that underwrites and distributes new investment securities and help businesses obtain financing. An investment bank is one type of financial institution that assists individuals, governments and corporation in raising capital by underwriting and or acting as the clients agent in the issuance of securities. Investment banks also help companies mergers and acquisitions, and provide services such as market making, derivatives, fixed income instruments, foreign exchange, commodities, and asset securitization support services. Other than that , the company can sells its stocks or bonds to the investment bank , which in turn sells these same securities to savers. FINANCIAL INTERMEDIARIES Financial intermediaries are specialized financial firms that facilitate the transfer of funds from savers to demander of capital. Some of the financial intermediaries are bank such as commercials banks , insurance companies , investment companies. Financial intermediaries are simply transfer money and securities between and saver . They literally create new financial products. The function of financial intermediaries includes reduce the transaction cost. For the liquidity services , it can saving deposits . financial intermediaries also provide online banking to pay the bills. Besides of that , the intermediary obtains funds from savers in exchange for its own securities. The intermediary then uses this money to purchase and then hold businesses securities. The existence of intermediaries greatly increases the efficiency of money and capital markets. Moreover . there have a few of categories of financial intermediaries. The categories of financial intermediaries are depository institutions, contractual savings institutions and investment companies. The depository institution has been divided into depository institution and non-depository institution. Deposit-taking institution in the United States financial institutions such as savings banks, commercial banks, savings and loan associations, or credit unions, in the law to allow the currency to accept deposits from consumers. Federal depository institution is subject to the Federal Deposit Insurance Corporation (FDIC). COMMERCIAL BANKS Commercial bank or business banks are financial institutions and intermediaries type. This is a bank to provide transactions, savings and money market accounts and time deposits accepted. Commercial bank also is the traditional department stores of finance serve a wide variety of savers and borrowers. Its also expanding the services provided by the range, including food and beverage services and insurance stocks. These commercial banks are institution that run to make a profit and owned by a group of individuals. Actually, commercial banks have some different from investment banks. This is because commercial banks offer loans, while investment banks help companies raise funds from other parties. SAVINGS AND LOAN ASSOCIATIONS(SLs) A savings and loan association thats association that similar to bank is a financial institution which specializes in accepting savings deposits and making mortgage loans. They served personal savings and the supply of residential and commercial mortgage borrowers, they also take the fund from many small savers and lend this money to home buyer and also other type of borrowers. In addition, savings and loan association have more expertise in analyzing credit, setting up loans, and making collections than individual savers, so they reduce the costs and increase the availability of real estate loans. Listen Read phonetically CREDIT UNIONS Credit union is a cooperative financial institutions owned and controlled by its members, to promote conservation, provide credit at reasonable prices, and provide other financial services to its member. their member savings are loaned only to other member , generally for auto purchases , home improvement loans , and home mortgages. Credit unions are often the cheapest source of funds available to individual borrowers. Next, contractual savings institutions included life insurance companies and pension funds. Life insurance companies provides insurance for you and your familys in order to create peace of mind. Life insurance is a policy that people buy from a life insurance company, it can be a basis of protection and financial stability after ones death. Its function is to help beneficiaries financially after the owner of the policy dies. They taking saving in the form of annual premiums, invest these funds in stocks , bonds , real estate, and mortgages and finally make payments to the beneficiaries of the insured parties. Other than that , pension fund is a scheme, fund or plan to provide retirement income. This kind of fund is established by employers and organizations to their worker and administered primarily by the trust departments of commercial banks or by life insurance companies. There is two kind of for pension funds, thats defined benefit plans and defined contribution plans. For defined benefit plans , the employer specifies or guarantees the level of benefits the employee will receive when they retires. For defined contribution plans , the employer make specified or defined the payments into plans. When the employee retires , they are determined by the amount of asset in the plan. The third kind of financial intermediaries is investment companies. There have 2 kinds of investment companies that are financial companies and mutual funds. Financial companies is an organization that provides loans for both businesses and consumers. Finance companies also purchase unpaid customer accounts at a discount from merchants and collect the payments due from customers. They also grant small loans directly to their consumers at a relatively high rate of interest. However , there is some differences between financial companies and bank. they unlike with a bank, finance company do not accept deposits from the public. But , finance company may draw funding from banks and various other money market resources. For mutual funds, mutual funds is an open-ended fund operated by a corporations that accept money from savers and then use these funds to buy stocks , long -term bonds, or short -term debt instruments issued by businesses or government units. Different funds are designed t o meet the objectives of different type of savers. For most mutual funds, shareholders are free to sell their shares at any time, although the mutual fund share prices fluctuate daily, after the securities held by the fund depend on the performance Listen Read phonetically Dictionary View detailed dictionary CONCLUSION In short , we know clearly about the financial market information. Financial market is mechanism that allows people transfer of capital between savers and those who need capital takes place.Inside the market we know what are they doing and contribute to our. Other of that , I also can know the function of financial intermediaries and also have what categories inside the financial intermediaries. There are many types in financial intermediaries, I get to know each of them clearly and also a few ways of transfer the funds and after this we know which type of investment are most suitable and better of us.

My Favourite Book Essay

Some read books to idle away their time. Some read books to widen their knowledge, while many others read books to enjoy its content. I belong to this category. I enjoy reading good books particularly novels, short stories, plays, etc. The world famous literary works of great authors such as, Charles Dickens, Tolstoy, Dominique Lappiere, Rabindranath Tagore, R. K. Narayan, Arundhathi Roy, Salman Rushdie, etc. have always charmed and thrilled me, giving waves of delight, leisure, relaxation and mental refreshment. My favourite book is ‘City of Joy’ written by Dominique Lappiere. The book is a touching description of the lives of the slum-dwellers of Kolkata. The street-urchins, cycle-rickshaw pullers, city-vendors, coolies, pimps, ordinary men and women are the heroes and heroines of this story. Their lives, their joys and suffering and their pitiable existence are vividly painted by the author. It is the story of the most unwanted people of the society. But the author finds joy, courage, excellence, and fine qualities amidst this miserable existence. The story has touched me so much that I have read this book several times during the last few years. The most attractive feature of the book, which impressed me most, was the author’s mention of minute details. The author does not give a picture of the slums of Kolkata from far but rather presents a realistic picture with its congested dwellings, dirty drains, narrow footpaths, people’s quarrels and fights, their feasts and festivals, etc. The beauty of narration becomes all the more thrilling when it is realistic and true. No wonder why the book has won so much international acclaim. Secondly, the superb presentation of the scenes, characters and episodes whether important or unimportant in the story, keeps the reader spellbound throughout. The language is simple and the style of narration is down to earth. The author’s skill of characterisation is too exquisite to go unnoticed. When we read the book, a whole face of numerous lives open before us. Lappiere’s art of story building is also most impressive. The gradual build-up of the story leading to a touching finale in the end has made Lappiere’s work a wonderful literary work, worth reading. It is a fact that if one starts reading this book, he or she would not be able to put away the book without completing it. The curiosity to know what happened to their lives and how they would end up finally keeps the reader excited and forces him/her to go on with the reading. Over the last few years I have read many books, particularly fictions. But none of them has impressed me or touched me in this manner and brought tears to my eyes as ‘City of Joy’. To me this book is one of the finest books in the world. Its excellent qualities have made it my favourite book.

Compare wong’s pragmatic classroom kagan kyle and scott win win discipline and morrish’s real discipline Essay

Clear guidelines on how to prepare are defined for each time of the day. Procedures are divided into periods to facilitate implementation in class. Teachers are also directed on preparation in the summer before classes start for the year. Procedures will stay the same this reduces behavior problems and keeps the focus on learning and educating. Teachers understand the boundaries of their control; the teacher can focus on being proactive to prevent problems rather than wasting time reacting to problems she could anticipate. Any teacher can implement the theory of the practical classroom without concern for over- or under-reaching with students. students’ accomplishments are pretentious by the procedures used. †¢ This philosophy has a solid positions that are shared with the students †¢ A Comparison of Discipline Models Wong’s Pragmatic Classroom Kagan, Kyle, and Scott’s win-win discipline Morrish’s Real Discipline Compare and Contrast †¢ Students are given the choose to what they feel is good for them to do. †¢ Students, teacher and parents are involved in the rule making. †¢ Help students understand each other’s responsibilities along with what the teacher’s responsibilities are. †¢ Discipline is something that the win-win problem does not do to students. †¢ Corrects the situation, which allows the students to come up better actions, which will result in acceptable behavior. †¢ According to Morrish’s real discipline children can only learn SELF DISCIPLINE through experience. †¢ Morrish further states that when children enter school they do not have the knowledge on behaving properly. †¢ With the Three theories they all have the similarity that the teachers and students are involved in the learning process of the required discipline. Strengths †¢ Students, Teachers and parents all work together to establish the rules to have a better school experience. †¢ Teachers help students behave which is acceptable behavior to their teacher. †¢ Win-win discipline is to help students develop log-term, self-managed responsibility. †¢ Morrish rewards occasionally the students for behaving correctly. †¢ Morrish gives students courage that they may not have when working through issues that are sensitive. †¢Weakness †¢ There is too much compromise between teacher and student when establishing the classroom rules. †¢ Teachers are too limited on what they can do to prevent disruptions. †¢ The program is most effective if it is implemented from the first day of school until the last day of school. †¢ Morrish overstates the role of the teacher. â€Å"The because I said so† response. †¢ Morrish believes that teachers who praise children to build up their self-esteem actually do more harm than good. †¢ Morris is against giving students the freedom to choose

Cognitive Failures Of A Person s Cognitive System

A person’s cognitive system can overall be very effective, though occasionally mistakes occur resulting in generalized cognitive failures. Cognitive failures, also known as absent-mindedness, are errors or mistakes people make due to attention slips or memory failures (Reason, 1982). These failures refer to all possible errors within the cognitive system and can be traced to problems with attention, memory, errors created by distractions and errors in the execution of intentions. These include lapses of attention, mind-wandering, action failures, etc. Examples of cognitive failures include daydreaming during an exam, forgetting the name of the person you just met a short time before and forgetting where you placed your keys or your glasses. These are mistakes that most people would agree they had experienced. How often these mistakes occur however is dependent on the person. When I kept track of my own personal memory lapses, I found that I often make mistakes on a daily basis . Cognitive failures are considered very important to researchers today in areas including cognitive psychology, developmental psychology, educational psychology and neuropsychology. It is apparent that the reason for such interest is due to the frequency of failures depending on individual differences, age and neuropsychological disorders and most importantly how these errors have consequences in the individual’s life. An example of a real life situation would be if a student is daydreaming in classShow MoreRelatedAaron Beck, An American Psychiatrist1188 Words   |  5 PagesPennsylvania and advocated for the application of cognitive-behavioral therapy in the treatment of depression and other mood problems (GoodTherapy.org). What is depression? According to Psychology Today: â€Å"Depression is an illness that increasingly afflicts people worldwide, interfering with concentration, motivation and many other aspects of human everyday functioning. It is a complex disorder, involving many systems of the body, including the immune system, either as cause or effect. Depression disruptsRead MoreThe Mini Mental State Examination849 Words   |  4 Pagesorientation to person, place, and time; general knowledge; memory; communication; and copying. It takes five to ten minutes to administer. The total possible score is thirty, and population-based norms by age and education level are available. Most clinicians consider a score less than twenty-four as indicative of dementia; however, based on results of longitudinal studies, early dementia in literate people with scores of twenty-five to twenty-six. The best measures for screening for mild cognitive impairmentRead MoreThe Mental State Examination ( Mmse )833 Words   |  4 Pagesorientation to person, place, and time; general knowledge; memory; communication; and copying. It takes five to ten minutes to administer. The total possible score is thirty. The MMSE also provides population-based norms by age and education level. Most clinicians consider a score less than twenty-four as indicative of dementia. The best measures for screening for mild cognitive impairment and for dementia are tests of episodic memory. Examples of tests routinely used to measure a patient s abilityRead MoreAaron Beck Youngest Of Five Children1634 Words   |  7 PagesPennsylvania and advocated for the application of cognitive behavioral therapy in the treatment of depression and other mood problems (GoodTherapy.org). What is depression? According to Psychology Today Magazine: â€Å"Depression is an illness that increasingly afflicts people worldwide, interfering with concentration, motivation and many other aspects of human everyday functioning. It is a complex disorder, involving many systems of the body, including the immune system, either as cause or effect. DepressionRead MoreEvolution of Cognitive Psychology1105 Words   |  5 PagesRunning head: EVOLUTION OF COGNITIVE PSYCHOLOGY PAPER Evolution of Cognitive Psychology PSYCH 560 Latrice T. Colbert Julie Bruno, Psy.D September 6, 2010 Cognition is a term referring to the mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging and problem-solving. Not only is cognitive psychology central to everything a person does in his or her everyday life, it is also central to psychology’s quest to understand how peopleRead MoreDiscuss Reasons for the Increased Interest in Cognitive Psychology and the Decline in Behavioristt Approach, in Addition Describe the Field of Cognitive Science Noting the Discipline That Are Included in This Field.1302 Words   |  6 PagesIDENTITY NUMBER: 10284047 NAME: ERIC OTU BOAKYE COURSE CODE: PSYC 403 COURSE TITLE: HIGHER ORDER COGNITION DATE SUBMITTED: 29th SEPTEMBER, 2011 DISCUSS REASONS FOR THE INCREASED INTEREST IN COGNITIVE PSYCHOLOGY AND THE DECLINE OF BEHAVIORIST APPROACH ,IN ADDITION DESCRIBE THE FIELD OF COGNITIVE SCIENCE NOTING THE DISCIPLINE THAT ARE INCLUDED IN THE THIS FIELD. 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Triadic reciprocal causation is a system assuming human action as a result of an interaction with the environment, behavior, and a person. Bandura explains person as being a cognitive factor such as memory, anticipation, and planning. It is because of these cognitive capacities that some people can select or restructure their environmentRead MoreAlzheimer s A Progressive Neurodegenerative Disease860 Words   |  4 Pagespresence of one or more of these genes does not necessarily mean that the person will develop Alzheimer’s however; it does increase the risk (5). Several environmental factors and lifestyle choices responsible for damage to blood vessels in the brain also contribute to the development of the disease (4). These factors include, past trauma to the head, cardiovascular disease, smoking, diabetes, or a poor diet (4). Cognitive impairment associated with Alzheimer’s disease occurs when synapses, whichRead MoreRole of the Brain in Determining Cognitive Functioning1163 Words   |  5 Pagesits parts play a significant role in determining cognitive functioning. Cognitive functions may be defined as the abilities of a person to process information and thoughts. The brain consists of different areas, but only specific areas have an impact on cognitive functioning. The tragic case of a rail-road construction foreman known as Phineas Gage in 1848 showed the relation between certain areas of the brain and their support for specific cognitive functions. Phineas traumatic injury has helped

Get the Scoop on Essay Samples for Mba Before Youre Too Late

Get the Scoop on Essay Samples for Mba Before You're Too Late Nevertheless, there's one essential difference. Assuming that you would like to get hired by a fantastic company, normally you'll be requested to write a skilled goals essay to demonstrate that you're the most acceptable candidate to occupy the available position. Such questions need deep introspection for you to get to the core of your nature and influences. Politically our candidate has turned out to be somewhat skilled. There's a greater chance you will accomplish your aims by writing them down. Don't forget, all type of activities you're speaking about in the essay must be associated with the scholarship program. So it isn't very simple to receive a high mark. Prior planning on the way you want to come up with your day care center is extremely important to acquire suitable resources, funds, and staff. The Essay Samples for Mba Pitfall Essay writing is part of learning process. Students have to follow alon g with the directions carefully to create an ideal law essay. Masters Essay is a superb service. Essay writing tips You want to take a while to think about a few fundamental questions. You require a resume targeting the specific position you're applying for. Employing a font that is simple to read is also important. For instance, it is crucial to set the margins so you have some white space around the text. You're employed as a senior software engineer for a reputable business. There is an assortment of companies that provide research paper writing services. When it isn't the sort of essay you would like to see, then you are able to keep shopping for the next firm. While there are lots of resources that will supply you with tips and techniques to draft your essays, there's nothing better than real-life examples that have actually been selected by some of the very best B-schools on earth. To begin with, students find it difficult to write excellent research papers since t hey do not have sufficient time. Understanding of important components of succeeding from the very inception will result in the life objectives and plans formation. An MBA is a critical part of my career objectives, and as such plays an important part in achieving my life objectives. You are going to receive a personalized score report highlighting your strengths and regions of improvement. ASSESS CURRENT EMPLOYEES When the benchmark assessment is finished, you will have a thorough report of the best job analysis and design. For instance, if the company school requested a DOC, that is exactly what you should send. Initially there were very few businesses in the business but as people came to know more about the value of the insurance and its benefits, several new companies emerged. My job was supposed to work alongside the industry manager to help produce a more healthy marriage between the finance and marketing and advertising departments, thus improving our sales and workpl ace atmosphere. You can receive the ideal writing help if you're prepared to shell out time to choose the very best service provider. What Does Essay Samples for Mba Mean? The school gives you minimal guidance for applicants hoping to earn an impression. Being a real nurse doesn't appear to have the identical great feeling that it used to. Being a real nurse used to be related to the white starched dress uniform and cap. Nursing is frequently a springboard to numerous different positions. Admissions committees wish to be impressed but they would like to be impressed by you. The Admissions Committee wants to understand more about you and your distinctive personality and the way that can ultimately lead to the Wharton community. Career in Insurance There is an assortment of positions in the field at which you can work and earn a career. There are a lot of challenges you'll have to overcome if you wish to write MBA application essays that work. Admissions committee officers are on the watch for the very best possible candidate profiles. A number of decades back, locating a service to become done with the MBA essays wasn't effortless. The MBA thesis should be well written, dependent on scholarly research and has to be backed by verifiable data. If this is the case, you should take a look at our sample MBA Essay Guide. Students should use a lot of sources when writing research papers. In the event the business school states the essay is optional, then you need to DEFINITELY write one. Rather it's a good idea to find out what quality of MBA essay writing service it's possible to get. Furthermore, the students don't know the right writing styles to use while writing their research papers. For example, the writing styles that are utilised to write science papers are not accustomed to compose social science papers.

Henry David Thoreau s Civil Disobedience - 1124 Words

Freedom is the right to act, think, speak and write without fear of punishment or coercion. I feel that living in a civilized society ensures freedom because a civilized society has laws to keep everyone s rights safe, our government is a democracy since we were once under a tyrannical government, and it keeps order. Three famous writers known as Henry David Thoreau with Civil Disobedience, Niccolo Machiavelli with The Qualities of a Prince, and Jean-Jacques Rousseau with The Origin of Civil Society wrote about a civilized society versus a tyrannical government. Sometimes their views agreed with mine and other times they did not. Henry David Thoreau s writing, Civil Disobedience, he explains how he does not like civilized societies†¦show more content†¦Just like Martin Luther King, Jr, protestors don t follow/fight against the laws that they think conflict with their morals. The only difference between Martin Luther King, Jr., the protestors, and Thoreau is that the protestors and Thoreau broke laws such as not paying taxes, vandalizing, destroying others property because they are angry at what they are fighting against. I don t agree with Thoreau because I don t think the laws should be broken just because they don t believe it is right. I also think that our government is involved in the wars but it is certainly not an aggressive government who wants war. The government s laws and rights are the way they are because we were once under the rule of a tyrannical government known as Great Britain. We are a democracy for many reasons such as our founding fathers did not want a single power-hungry ruler, they wanted citizens to have a say in their own government, and to have established rights that could not be taken away by a single ruler such as a king. Machiavelli believed that the king or prince should be feared but not hated because he thinks that force or violence is an essential part of the state, and a ruler cannot do without it when running a government: And above all other things a prince must guard himself against being despised and hated; andShow MoreRelatedHenry David Thoreau s Civil Disobedience1123 Words   |  5 Pagessociety, people have always done what they felt to be right. In Henry David Thoreau â€Å"Civil Disobedience†Ã¢â‚¬ ¯he stated â€Å"The only obligation which I have a right to assume, is to do at any time what I think right.† Although doing what you believe to be right may feel right, it’s not always the best decision in all situations. There are many situations where doing what you feel to be right can benefit you, but can affect others negatively. Thoreau believed that following the law, created by most of the peopleRead MoreHenry David Thoreau s Civil Disobedience933 Words   |  4 PagesIn Henry David Thoreau’s Civil Disobedience, he is writing to the American people. He is trying to spark a desire for change, for people to oppose their government without actions. He uses this work to criticize the American institution of slavery as well as the Mexican-American War. Thoreau is attempting to convey the importance of listening to one’s conscience over the laws, believing that it is more important to do what they feel is right rather than listen to the laws given by the majority. ThoreauRead MoreHenry David Thoreau s Civil Disobedience1822 Words   |  8 PagesHenry David Thoreau, an American essayist, philosopher, and historian around the 1800s, composed â€Å"Civil Disobedience† to uncover the rapid downfall of the American Government. Thoreau highlights â€Å"That Government does best when it does not govern at all†; and when the men are most ready for It, that will be the type of Government they will have, a Government-free one (Thoreau 1). Thoreau expresses his bravery in his writing to bear his nationalistic attitude, showing his hostility towards the AmericanRead MoreHenry David Thoreau s Civil Disobedience1013 Words   |  5 PagesIn Henry David Thoreau’s â€Å"Civil Disobedience†, Thoreau makes the claim that the best form of government is a government that doesn’t govern at all. Thoreau’s paper pushes for the people to begin following the will of their conscience rather than blindly and foolishly follow the unjust idea of â€Å"majority rule†. Throughout the paper Th oreau makes a point of stating that â€Å"majority rule† is simply the will of the upper-class being forced into action over the rights and wills of the poorer minority. ThisRead MoreHenry David Thoreau s Civil Disobedience904 Words   |  4 PagesThe two pieces of literature, Henry David Thoreau’s â€Å"Civil Disobedience† and Harlan Ellison’s â€Å"’Repent, Harlequin!’ Said the Ticktockman†, are two very distinct pieces of literature, but they are also very closely related. The quote is related to the short story because the concept of the quote is exemplified by the story. The machines are the people who conform, the leaders of the state by their heads are the Ticktockman and his staff, and the hero and enemy is Everett C. Marm, who is also knownRead MoreHenry David Thoreau s Civil Disobedience945 Words   |  4 PagesThoreau’s Civil Disobedience expresses the need to prioritize thoughts and views over the dictates of laws. It attacks the American social policies and government as a slavery and Mexican – American War. Henry David Thoreau’s consistently argued that government rarely proves they’re for the people and obtains its power from the majority because organization, however criticizes the legitimacy of governments viewpoints. Thoreau thoughts were people’s first option is to do what they believe is rightRead MoreHenry David Thoreau s Civil Disobedience And Machiavelli1360 Words   |  6 PagesUnited States, a democratic society, allows all their citizens to vote. However, despite a system which enables the citizen to be independent, ironically it may sometimes encourage conformity. Both Henry David Thoreau, famous for his discussions on a subject that is a title of his essay Civil Disobedience and Machiavelli, author of The Qualities of the Prince, notice a pattern of conformity in society. When a major voting decision is not supported by a majority, people will often wait rather than advertiseRead MoreHenry David Thoreau s Civil Disobedience And Ralph Waldo Emerson s Self Reliance2846 Words   |  12 Pagesto come. In fact, the transcendentalist movement is still alive in the modern day: as seen in our societies focus on individualism, nature and sensibility. This paper will discuss the ideas of transcendentalism through the work of Henry David Thoreau’s Civil Disobedience and Ralph Waldo Emerson’s Self Reliance by comparing both works finding similarities and differences between them. To truly understand the most important members of the transcendentalist movement, it is first important to understandRead MoreHenry David Thoreau, Gandhi, and Martin Luther King Jr.s Use of Civil Disobedience562 Words   |  2 Pagesof civil disobedience is the â€Å"refusal to obey governmental demands or commands especially as a nonviolent and usually collective means of forcing concessions from the government.† Men such as Henry David Thoreau, Gandhi, and Martin Luther King Jr. have all used forms of civil disobedience and nonviolent protest to make changes in the world. These changes have made huge impacts on our societies and how we are able to live our everyday lives. Without these three men and their practice of civil disobedienceRead More Henry Thoreau’s Influence on Martin Luther King Jr. Essay898 Words   |  4 PagesHenry Thoreau’s Influence on Martin Luther King Jr. Henry David Thoreau was a great American writer, philosopher, and naturalist of the 1800’s who’s writings have influenced many famous leaders in the 20th century, as well as in his own lifetime. Henry David Thoreau was born in Concord, Massachusetts in 1817, where he was later educated at Harvard University. Thoreau was a transcendentalist writer, which means that he believed that intuition and the individual conscience â€Å"transcend† experience

Learning and Expectations in Macroeconomics

Question: Discuss about the Learning and Expectations in Macroeconomics. Answer: Introduction This study has highlighted the entire economic performance of Singapore. This country has a highly developing and trade oriented market economy. In this study, the production output of the country would be discussed. The rate of purchasing power parity of this country would also be mentioned. On the other hand, the performance of the financial sector of Singapore would be described, which would be helpful to understand the financial position of the country can be understood. The structure of labour market of Singapore would also describe in this context. As a result, this labour market analysis would highlight the countrys unemployment rate. This study also provides the trend of price level of the mentioned country, which would be helpful to identify the inflation rate of the country. Production output As per the statement of Borio (2014), it can be mentioned that gross domestic product is a macroeconomic measurement, which estimates the value of the output of the country in terms of the change of the price level. Gross domestic product of a country can be reflected by the inflation or the deflation rate of the country. In this context, it can be added that due to inflation, the rate of gross domestic product of an economy would be increased. However, this would not control the real growth of the economy of a country. This is the reason, why the rate of inflation of an economy is subtracted from the gross domestic product in order to get the percentage of the real growth of that country. This is known as the real gross domestic product. It can be stated that the purchasing power parity of the economy of Singapore is at third position. This implies that the per capita income of the country is at good position. As opined by Mankiw (2014), it can be mentioned that the economy of Singa pore is the foreign direct investment outflow financier in the global economy. The GDP growth rate of Singapore: From the above figure depicted the gross domestic product of Singapore. This figure illustrated that the economy of Singapore has advanced 1.1 percent year on year at the third quarter of 2016. This rate was comparatively lower than the 2 percent expansion from the previous year. In the words of Evans Honkapohja (2012), the GDP annual growth rate of Singapore was averaged from the year of 1976 to 2016 and the rate was 6.72 percent. On the contrary, it can be mentioned that this rate was higher in the second quarter of 2010 and the rate was 18.90 percent. Gross per capita rate of Singapore: The above figure depicted that the gross per capita income rate of Singapore has been increasing with the rise in time. In the year of 2015, the gross domestic product per capita of this country was recorded at approximately 51855 US dollars. This was adjusted by the purchasing power parity. Burda Wyplosz (2012) added that gross domestic per capita purchasing power parity of the economy was averaged from 1990 to 2015. This rate was 56762 US dollars. In order to discuss the overall output of the country, it can be mentioned that the country is earning a large amount of revenue from the inward flow of foreign direct investment of the global investors. The country mainly exports electronics goods, chemicals as well as services. As opined by Borio (2014), it can be mentioned that Singapore has the largest trade to the gross domestic product ratio among the overall economy. On the other hand, Gandolfo (2013) cited that the financial performance of the country has been increasing with the rise in time. Presently, Singapore is supposed to be the major financial institutions within the world. In this respect, it can be stated that Singapores liquid capital markets are the major source of the funding of growth and development of the economy. In addition, it can be mentioned that the banks of Singapore offered the world class corporate account. On the other hand, it can be added that the economy of this country has highlighted assets with the help of Swiss banks. According to Brunnermeier, Eisenbach Sannikov (2012), it can be stated that tourism of Singapore is the major service sector of Singapore besides the financial sector of the country. Governmental measurements: In the point of Wray (2015), it can be mentioned that in order to control the countrys economic condition, the government of the country has performed a major role. Fiscal policy in Singapore is controlled by the support of the private sector of the country. This assures that the macro economy of the country is at stable position. Moreover, it can be stated that the government of Singapore is prudent as well as conservative on the budgetary policy. In this connection, it can be mentioned that the country has the balanced budget since last three decades. Moreover, it can be mentioned that the government of Singapore has followed clear rules and regulations. As a result, countrys government has given the permission to participate in the free trade and allow the importers to import goods and services freely. Therefore, it can be mentioned that there is no rules for tariff or quota. Likewise, it can be noticed that the government has set an effective business infrastructure, which can lo wer the cost of the business. This would in turn attract the investors to come to the country. Labour market analysis In order to understand the labour market analysis of Singapore, it is required to first understand the rate of unemployment of the country. The above figure shows the unemployment rate of the mentioned country. During the time of global economic recession, the rate of unemployment was highest. After that the rate of unemployment of the country decreased. Therefore, it can be mentioned that the rate of employment of the country has been increasing. As a result, it can be mentioned that wage rate of each of the employees has increased. Therefore, it can be stated that the number of jobless employees has decreased. As opined by Mankiw (2014), the rate of unemployment was averaged from 1986 to 2016. This average rate of unemployment was 2.46 percent. In this country, the seasonal adjusted jobless rate is 2.1 percent in the third quarter of 2016. This study also provides the types of unemployment of the country. Structural unemployment: Evans Honkapohja (2012) cited that this is the initial type of unemployment in an economy. It is known that Structural unemployment is depending upon the economic structure of a country. It results from due to the changing of market forces demand and supply. This differentiation in terms of the skills and knowledge distinction of the employees reflected the structural unemployment. In Singapore, countrys economic performance is depending upon the external demand of growth. Therefore, it can be inferred that countrys unemployment is of cyclical type. In this connection, it can be stated that if countrys export decrease, then aggregate demand would be decreased. Therefore, the overall outcome and the level of national income of the country would be declined. This situation can be illustrated with the help of following diagram. Cyclical unemployment: Borio (2014) opined that cyclical unemployment occurs due to the business fluctuation. In case of economic boom, countrys unemployment has decreased. On the other hand, in case of the economic recession, countrys unemployment rate would be increased. This occurs during the short term unemployment, which would be diminished in case of the recovery from the economic fluctuation. Scarth (2014) put that due to the change of technology from labour to the capital intensive economy, the country would suffer from the situation of structural unemployment. Government measurement to restrain full employment: There are two strategies, which can reduce the rate of unemployment and can improve the rate of employment of Singapore: Firstly, the government of the country can consider the demand side policies into the account. This would in turn reduce the cyclical unemployment due to the business cycle fluctuation. Secondly, government of Singapore can consider the mind supplies side policies. This would reduce the structural unemployment. As a result, the rate of employment of Singapore would be increased. According to Wray (2015), Singapore government has aimed to create many jobs by raising the wage rate. Therefore, it can be mentioned that the quality of employment will be increased. This will stabilize the economy of the country as well as the governmental fiscal policies. In this essence, it can be added that countrys rate of interest and the rate of inflation will be increased. As per the concept of Phillips curve, there is a negative relationship between the inflation rate and the unemployment rate. With the rise in the countrys inflation rate, the unemployment rate of the country will be decreased. On the other hand, government of Singapore has aimed to follow non profitability and the public employment activities. These programs will be helpful to get the people job, who are jobless. Furthermore, it can be mentioned that unemployment rate increased due to decrease in infrastructure and the investment. The government adopt loose the fiscal and the monetary policy to achieve the full employment. Reduction of corporate taxes can achieve the full employment. Price level analysis As per the statement of Mankiw (2014), it can be mentioned that if the price level of a country increase, then it can be stated that the rate of inflation of the country will be increased. Therefore, it can be mentioned that the money supply of the country will be increased. Inflation rate of Singapore: The rate of inflation can be discussed as the rate of estimating the inflation percentage. In this connection, it can be mentioned that consumer price index is the determinant to evaluate the rate of inflation of a country. More specifically, it can be stated that if the price level of the goods and services has been increasing over the period, then inflation rate of the country will be increased. On the contrary, Gandolfo (2013) argued that if the price level of a country has increased massively, then the country will suffer from the situation of hyperinflation. Moreover, it can be added that stagflation is the situation of stagnation along with the presence of higher unemployment. In the words of Burda Wyplosz (2012), demand pull inflation and the cost push inflation are the major factors, which reflect the inflation rate of Singapore. Due to the demand pull inflation, the aggregate demand curve will shift to the right. On the other hand, if the interest rate of the country will fall, then the aggregate demand curve will also shift to the right. Therefore, it can be concluded that consumers of Singapore will consume more, investment will also increase. On the other hand, it can be added that the cost push inflation is another important factor, which can raise the inflation rate of Singapore. This will in turn increase the cost of production. The wage rate of the employees will also increase. Approach of government for stable inflation rate: In this context, it can be mentioned that government can control the inflation rate of a country by improving the productivity of the organisations. The government will increase the price of the residential properties. On the other hand, it can be added that in order to control the inflation rate of Singapore, government needs to provide the grants of cash. Conclusion This study is helpful to identify the entire economic position of Singapore. In this connection, the overall output of the country has discussed. The GDP rate and the rate of per capita purchasing power have also mentioned. This has effectively highlighted the growth of the country. On the other hand, the rate of unemployment and the trend of price level of the country has also highlighted in this connection. References Borio, C. (2014). The financial cycle and macroeconomics: What have we learnt?.Journal of Banking Finance,45, 182-198. Brunnermeier, M. K., Eisenbach, T. 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Retrieved 9 December 2016, from https://www.tradingeconomics.com/singapore/gdp-per-capita-ppp Singapore Inflation Rate | 1962-2016 | Data | Chart | Calendar | Forecast. (2016).Tradingeconomics.com. Retrieved 9 December 2016, from https://www.tradingeconomics.com/singapore/inflation-cpi Singapore Unemployment Rate | 1986-2016 | Data | Chart | Calendar. (2016).Tradingeconomics.com. Retrieved 9 December 2016, from https://www.tradingeconomics.com/singapore/unemployment-rate Wray, L. R. (2015).Modern money theory: A primer on macroeconomics for sovereign monetary systems. Springer.