Making Chalk using Eggshells free essay sample

The chalk is a white porous sedimentary rock, a form of sedimentary rock composed of mineral calcite. It forms under reasonably deep marine conditions from the gradual accumulation of minute calcite plates shed belonging to the division of haptophytes. They function as a special calcium carbonate. In this investigatory project, we study the effectiveness of eggshells as an alternative ingredient in chalk production. The study is very efficient in these days because many people are in need of chalk. The components of chalk are so complex that it has the capacity to make other things beside chalk itself. We also noticed that the students and teachers consume many pieces of it, which is very expensive. So, we decided to make a chalk out of eggshells which is very affordable and can give an equal quality in the chalks that we buy in stores. 1 B. Statement of the Problem The main problem of the study is focused on the effectiveness of chicken eggshell as a substitute for chalk. We will write a custom essay sample on Making Chalk using Eggshells or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The study aims to answer the following questions: 1) Will the eggshell be an effective substitute for chalk? 2) Are there any similarities between the composition of an eggshell and a chalk? 3) Does the flour and starch affect the effectiveness of eggshell as a substitute for chalk? C. Statement of the Hypotheses: 1) There is a significant difference between the eggshell chalk and the commercial chalk. 2) There is no significant difference between the eggshell chalk and the commercial chalk. 2 D. Significance of the Study The importance of this study is, it can give benefits, especially to the poor ones or those who can’t afford to manufacture chalk. The poor ones could also have their own business by simply following the instructions in making â€Å"eggshell chalk† and to save money. The purpose of this study is to try and discover other methods on how to make and provide cheaper chalk for the needs of people especially the teachers, who highly use commercial chalks to write on the boards for their lectures in school. It is also beneficial for the indigent, mountain people, public schools, and ordinary people because when they run out of chalk, they can apply their knowledge in making chalk by using the easy-to-find, cheap, and recyclable materials. 3 E. Scope and Limitations The Study is only limited and focused on the investigation of Chicken Eggshells (Gallus Domesticus) used as an alternative source for chalk production. We chose this study for further investigation if eggshells can be an effective source for chalk production. The Study will only observe the product’s effectiveness in terms of its durability, texture, whiteness and writing capabilities. The product is only focused on one function which is for use in writing in a chalkboard. 4 F. Definition of Terms: 1) Chalk- a soft, white, or gray fine-grained sedimentary rock originally formed under the sea. 2) Eggshell- the brittle protective covering of the egg of a bird, or other similar tough covering of the eggs of animals such as crocodiles and turtles. 3) Flour- a powder made by grinding the edible parts of cereal grains. 4) Calcium Carbonate- a white crystalline solid that is one of the most common natural substances found in chalk, limestones, marble, eggshells, and bones. 5) Pulverize- to crush or grind something into powder or dust. 6) Starch- a natural substance composed of chains of glucose units, made by plants and providing a major energy source for animals. The two main components of starch are amylase and amylopectin. 7) Effectiveness- the ability to do something well or achieve a desired result without wasted energy or effort. 5 8) Eggshell Chalk- a chalk made up of powdered eggshell mixed with either flour or starch. 9) Dissolve- to become absorbed in a liquid solution. 10) Indigent- extremely poor, lacking the necessities of life. 6 Chapter II- Review of Related Literature According to Ancient Egyptians, artificially incubated chicken eggs to propagate their food supply. (Ancient Egyptians, 1400 BCE) According to Aristotle, when he opened chicken eggs at various time points of incubation, he noted how the organism changed over time. Through his writing of Historia Animalium, he introduced some of the earliest studies of embryology based on his observations of the chicken in the egg. (Aristotle, 350 BCE) They used the chick to demonstrate tissue differentiation, disproving the widely held belief of the time that organisms are â€Å"preformed† in their adult version and only grow larger during development. (Ulisse Aldovandi, Volcher Cotier and William Harvey, 16th century) d) He found that rat tissues that could not grow in adult chickens survived in the developing chick. In an immunocompetent animal, like themature chicken, the host immune cells attack the foreign tissue. e) They developed a new technique that used chicken eggs to propogate a pox virus. The chick was used to isolate the mumps virus for vaccine development and it is still used to culture some viruses and parasites. (Ernest Goodpasture and Alice Woodruff, 1931)

The Economic Performance of the UAE

The aim of this paper was to analyze the economic performance of the United Arab Emirates (UAE). In particular, the paper focused on the effect of the decline in economic growth rate in 2012 and the fiscal policy that can be implemented to boost economic growth. The IMF predicted a reduction in economic growth of the country from 4.9% in 2011 to 2.3% in 2012. The country’s limited capacity to increase oil production is one of the factors that were expected to cause the decline in economic growth.Advertising We will write a custom report sample on The Economic Performance of the United Arab Emirates specifically for you for only $16.05 $11/page Learn More The findings of this paper indicate that the reduction of economic growth rate would reduce the country’s real output and increase unemployment in the long-run. Consequently, the government should implement an expansionary fiscal policy in order to stimulate economic growth. Moreover, the g overnment should focus on controlling the inflation and the crowding-out effect associated with expansionary fiscal policy. Summary of the Article According to the International Monetary Fund (IMF), the expansion rate of the economy of the United Arab Emirates (UAE) was expected to reduce from 4.9% in 2011 to 2.3% in 2012. The reduction was attributed to the country’s inability to increase its oil production. Nonetheless, the economy was expected to maintain its recovery. The 2009-2010 Dubai debt crisis adversely affected the country’s property industry. Consequently, Dubai World, which is a state-owned corporation, had to restructure its debts that were worth twenty five billion dollars. Nonetheless, the country was able to survive the crisis due to favorable oil prices and improved trade with Asia. According to the IMF, the uncertainty of the performance of the world economy was a threat to UAE’s forecasted growth. Concisely, continued decline in the performan ce of the world economy would limit the ability of UAE’s state-owned corporations to replace their maturing debts with new ones. Despite the efforts made to restructure the debts, most state-owned corporations still required high refinancing. The IMF also believed that the government’s decision to consolidate fiscal policy was right. Explanation of the Article based on AD-AS Model The economy of the UAE as described in the article can be explained in the framework of the aggregate demand (AD) and aggregate supply (AS) model. The model is made of up of three curves namely, the â€Å"aggregate demand curve (AD), the short run aggregate supply curve (SAS) and the long run supply curve (LAS)† (Rossana 81). Figure 1 shows the short run equilibrium of the economy of the UAE. Aggregate demand includes consumption by private economic entities, investments, government expenditure, and net exports (Chamberlin, Linda and Yueh 241). In this regard, the factors that will cau se a shift in the AD curve of UAE’s economy include foreign income, income distribution, and fiscal policy, as well as, anticipations concerning future output and prices.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Foreign income refers to the income earned in UAE’s major trading partners such as the United States of America, Europe, and Asian countries. According to the article, the recovery of the global economy is uncertain. This implies that foreign income will reduce if the global economy continues to deteriorate. Thus, the demand for UAE’s exports such as oil will reduce. As a result, the earnings of UAE’s exporting firms will decrease. This partly explains why the state-linked firms will not be able to rollover their debts if the performance of the global economy worsens. Overall, the decline in foreign income will cause the AD curve to shift to the l eft from AD0 to AD1, thereby reducing real output from Y0 to Y1. Following IMF’s prediction of economic decline, producers expect demand for their products to reduce in future. Thus, they will reduce investments and production in order to avoid the losses associated with high variable costs and low demand (Rossana 126). Similarly, consumers will associate the expected economic decline with reduced future earnings. Thus, they are likely to reduce consumption in order to save for the future. Consequently, the AD curve will shift to the left from AD0 to AD1, whereas real output will reduce from Y0 to Y1. As firms reduce investments and production in response to the expected economic decline, the â€Å"distribution of income from profit earners to wage earners is likely to worsen† (Minford and Peel 329). Generally, wage earners allocate a larger portion of their income to consumption than profit earners. Thus, allocation of income in favor of profit earners rather than wag e earners will move the AD curve to the left. Finally, the government’s plan to consolidate fiscal policy is likely to involve a reduction in public expenditure. This will lower aggregate demand, thereby shifting the AD curve to the left. The SAS illustrates the response of prices and real output to changes in aggregate demand in the short run (Romer 415). UAE’s short run supply curve will shift due to changes in productivity. The expected economic decline will lead to reduced productivity, thereby shifting the SAS curve in figure 2 to the left from SAS0 to SAS1.Advertising We will write a custom report sample on The Economic Performance of the United Arab Emirates specifically for you for only $16.05 $11/page Learn More Additionally, real output will reduce from Y0 to Y1. If the global economy continues to deteriorate, the prices of UAE’s exports will decline. This will discourage production among exporters, thereby reducing aggreg ate supply. Thus, the SAS curve will shift to the left. The expected decline in economic growth will cause the aggregate supply curve and the aggregate demand curve to shift to the left. These shifts are associated with a reduction in real output from Y0 to Y1. As a result, the short run equilibrium of the country’s economy will shift from E0 to E1. Description of the Economic Situation of the Market The expected decline in economic growth will affect both the goods and factor markets. In the goods market, the economic decline can have positive effects for consumers. This is because inflation usually declines when economic growth reduces (Rossana 112). Concisely, economic decline reduces demand for goods and services. Thus, producers and sellers are likely to reduce the prices of their products in order to stimulate demand and to clear their stock of manufactured goods, thereby reducing inflation. In this case, the consumers will have a higher purchasing power than they had b efore the reduction of the prices. On the contrary, the price reductions will affect the producers negatively. This is because it will reduce their profit margins. In addition, some producers might sell their goods at a loss. The expected economic decline will also affect prices in the factor market. As profits reduce, companies are likely to implement cost-cutting measures such as reducing their workforce. Moreover, companies are likely to reduce their investments in new equipment or borrowing in order to expand their operations (Minford and Peel 215). In this regard, factor prices will fall. For example, wage rates are likely to reduce as companies layoff their employees. Similarly, interest rates, which is the cost of financial capital is likely to reduce as demand for loans declines. The reduction in factor prices will benefit producers by lowering their costs of production. Nonetheless, it will negatively affect suppliers of factors of production. For example, low wage rates wi ll reduce workers’ disposable income and purchasing power. The Right Fiscal Policy Fiscal policy refers to the use of â€Å"government expenditure, taxation, and borrowing to influence the level of aggregate demand, output, and jobs in an economy† (Chamberlin, Linda and Yueh 197). Fiscal policy enables the government to influence the pattern of expenditure and income distribution in its economy.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Thus, Keynesians believe that fiscal policy has a great impact on consumption, productivity, and job creation in an economy that has an excess capacity. Thus, the government of the UAE should implement an expansionary fiscal policy in order to prevent a recession. An expansionary fiscal policy refers to â€Å"the increase in government expenditure and or a decrease in taxes that usually results into an increase in budget deficit or a reduction in budget surplus† (Chamberlin, Linda and Yueh 210). Justification for Implementing Expansionary Fiscal Policy An expansionary fiscal policy should be implemented because it will enable the government to reverse the economic decline. Concisely, the policy will spur economic growth by stimulating consumption and demand. The unemployment rate in the UAE increased from 3% in 2008 to 4.2% in 2012 (Nyarko 4-15). On the contrary, the country’s inflation rate was as low as 0.7% in 2012. The increase in unemployment rate, low inflation, and the expected reduction in GDP growth suggest that the economy is operating below its potential output. The government can push the country’s real output back to its near potential level by implementing an expansionary fiscal policy that involves an increase in public spending. Government â€Å"expenditure is one of the components of aggregate demand† (Rossana 47). Thus increasing it will result into an increase in aggregate demand. Figure 3 shows the effect of an expansionary fiscal policy on real output. According to figure 3, a rise in aggregate demand due to an increase in spending by the government will move the AD curve to the right from AD0 to AD1. Consequently, the country’s real output will increase from Y0 to Yp. In this case, Yp is the potential output. As the economy moves towards its potential output, the rate of GDP growth is likely to increase. How the Expansionary Fiscal Policy will affect the Economy First, the policy will lead to increased e conomic growth, thereby improving earnings in the private and public sector. Concisely, firms are likely to increase investments and to employ more people in order to increase their production in response to the expected increase in aggregate demand (Rossana 233). In this regard, increased productivity will raise firm profits and the incomes earned by workers. The government can also create employment through the expansionary fiscal policy. For example, it can create thousands of jobs in the construction industry by constructing new roads and schools. Second, an expansionary fiscal policy is likely to be inflationary. Figure 3 shows that prices will increase from P0 to P1 as real output increases after the implementation of the expansionary fiscal policy. A sharp increase in inflation is not desirable because it will reverse the benefits of the economic growth. Concisely, a high inflation reduces consumers’ purchasing power. Thus, aggregate demand will reduce if wages are not raised in response to the increase in inflation (Minford and Peel 316). Similarly, a high inflation will raise the prices of inputs, thereby increasing production costs. If the producers are able to pass the high costs of production to consumers, the prices of various goods and services will increase, thereby reducing demand. However, producers will have to absorb the high costs of production if they cannot share them with the consumers. In this case, firm profits will reduce in response to the high production costs. Nonetheless, the inflationary effect is not likely to be severe because the country’s inflation in 2012 was less than 1% (World Bank). Countries can increase their economic growth rate and create employment as long as they maintain a single digit inflation rate (Rossana 102). Thus, the inflation associated with the expansionary fiscal policy is not likely to be detrimental if it is less than 10%. Third, the expansionary fiscal policy is likely to increase UAEâ⠂¬â„¢s public debt if it is financed through borrowing. In 2012, the country’s public debt as a percentage of its GDP was 40%. Thus, the country is likely to fall into a debt trap if it continues to increase its public debt. A debt trap is a situation in which the government has to borrow in order to pay the interests charged on its existing debts. Countries that have fallen into debt traps often have poor credit ratings due to their limited ability to repay their loans. Thus, a low credit rating will limit the country’s ability to access capital from foreign lenders such as the IMF. High public debt is also not desirable because it involves a redistribution of income from taxpayers to holders of government debt securities (Romer 516). In this regard, it is likely to redistribute income from low-income earners who pay taxes to the rich who invest in government bonds. This is because the interests on government bonds are paid through taxes. Fourth, an expansionary fisca l policy is likely to have a crowding-out effect in the economy if it is implemented through a large deficit spending. In this case, the government will have to borrow a large amount of financial capital from the public in order to implement the policy. Conceptually, the government will be competing with private firms for capital. Consequently, interest rates will increase, thereby limiting the ability of private firms to access credit through the financial and capital markets. The government will have to increase taxes in order to repay the funds borrowed from the public. High taxes in the medium run will reduce consumers’ disposable income (Minford and Peel 117). The resulting reduction in consumption and demand, as well as, limited access to capital will lead to reduced investments. Thus, economic growth will decline. The Fiscal Policy Tools The tools that should be used to implement expansionary fiscal policy are increased government spending and tax cuts. Increased gover nment expenditure can be implemented in the following was. First, the government can increase its transfer payments. This involves increasing expenditure on social security programs such as unemployment benefit, state pension, and grants to students. Transfer payments ensure that every citizen has access to some minimum regular income (Minford and Peel 391). Transfer payments will improve the purchasing power of the poor, thereby increasing aggregate demand and economic growth. Second, the government can expand its current budget on recurrent expenditure. This involves increasing expenditure on public goods such as education and health care. In this regard, the government can increase employment in the education and health sector by hiring more teachers and nurses respectively. Additionally, the government can improve the salaries of workers in the sectors that provide public goods. Provision of public goods also involves expenditure on consumables such as stationery. Thus, aggregat e demand is likely to increase as the government increases its expenditure on public goods. This will lead to improved economic growth. Finally, government expenditure can be increased through capital spending. This involves increasing investments on infrastructure such roads, schools, and hospitals. Capital spending has a great effect on aggregate demand and supply because it stimulates high consumption. For example, construction of new roads will increase demand in the industries that supply construction materials. In addition, construction projects usually create thousands of employment opportunities. This will help the country to address the problem of persistent unemployment. Taxes can be direct or indirect. Direct taxes are charged on employment income and profits. Indirect taxes are levied on spending. They include value added tax (VAT) and excise duties on goods such as petrol. Most residents of the UAE do not pay personal income tax. Nonetheless, corporate tax is charged in most of the emirates. For example, nearly all companies in Dubai pay taxes on their earnings. In Dubai, corporate tax can be as high as 55% (Nyarko 4-15). Generally, most emirates levy corporate taxes on foreign oil companies, petrochemical firms, and foreign banks. These companies pay up to 55% of their operating profits as income tax to the government. Even though most residents of the UAE are exempted from income tax, they usually pay several indirect taxes. For example, municipal taxes of between 5% and 10% are usually levied on revenue generated from entertainment services, hotel operations, and commercial premises (Nyarko 4-15). In addition, most imported goods are subject to an import duty of up to 5%. Thus, the government can still implement the expansionary fiscal policy by reducing indirect taxes that are levied on consumption. For example, a reduction of taxes on entertainment and hotel rooms can lower the cost of staying in hotels. Consequently, hotel occupancy will inc rease, thereby raising the income of hotel owners and securing jobs in the hotel and restaurant industry. In addition, the government can reduce the corporate taxes that are paid by foreign oil and bank companies in order to improve their earnings. Lower taxes will enable these companies to allocate a better part of their earnings to investments rather than paying taxes. This will increase their productivity, thereby promoting economic growth. Impact of the Fiscal Policy Tools in the Economy Increased Government Expenditure Increased government spending will benefit the economy in the following ways. First, capital spending will lead to an increase in the total assets of the state. In particular, it will lead to expansion of the infrastructure that is necessary for the growth of businesses in the country. For example, the expansion of roads and railway systems will improve efficiency in transportation. The resulting reduction in the cost of transportation will reduce the overall cos t of producing goods and services in the economy. According to figure 4, a reduction in the cost of production shifts the aggregate supply curve downwards, thereby increasing real output from Y1 to Y2. This shows that investments on infrastructure that support economic activities will lead to high economic growth. Furthermore, foreign direct investments are likely to increase if capital spending is used to expand the country’s infrastructure. For example, more airlines are likely to operate form Dubai if its airport is expanded. This will create more jobs and spur economic growth through increased consumption. Second, provision of public goods and services such as education and health care will have positive supply-side effects in the economy by improving the quality of the country’s human capital. For example, funding higher education through grants to students will enable more people to improve their technical skills. People with high academic qualifications are like ly to be highly productive because they have the knowledge and skills that are necessary for achieving innovation (Al-Khateeb, Darrat and Elkhal 297-306). Similarly, spending on youth apprenticeship programs will enable fresh graduates to gain adequate job experience, thereby improving their employability. Concisely, it will enable the government to improve the competitiveness of the youth in the job market in order to reduce unemployment in the country. Similarly, expenditure in the health care sector will improve the health status of the citizens, thereby improving their productivity. Third, expanding social safety net programs is an effective way of improving the incomes of the poorest people in the country. By 2012, nearly 10% of the population of the United Arab Emirates was living in poverty (World Bank). Improving the income of the population living in poverty through transfer payments will boost consumption. The resulting increase in demand for goods and services will encour age producers to increase their output through new investments. Transfer payments are also a means of income and wealth redistribution in the economy. This is because transfer payment programs are financed through taxes, which are often paid by the rich. The benefit of redistributing income from the rich to the poor is that it enhances equality in the economy. Additionally, reducing income disparity reduces the chances of social unrests, which can hinder productivity and economic growth. Tax Cuts Tax cuts will affect the economy in the following ways. To begin with, reducing corporate tax will enhance investment in the economy. The oil and gas sector contributes approximately 31.3% of the GDP of the United Arab Emirates (Nyarko 4-15). Nonetheless, companies in this industry, especially, the foreign ones pay nearly 55% of their operating profits as taxes. This reduces the amount of funds that firms in the industry can allocate to investments and expansion. According to the article, r educed production in the oil and gas industry is one the factors that were expected to slow the country’s economic growth. However, productivity in the industry can be improved by lowering taxes in order to enable firms to allocate a large portion of their earnings to investments. For instance, firms in the industry can focus on oil exploration, thereby increasing the country’s oil and gas output. Any small increase in productivity in the oil and gas industry is likely to have a great multiplier effect in the economy. This is because the industry employs thousands of people and supplies oil, which is the main source of energy for production in the country. Lowering taxes is also likely to attract foreign direct investments in the country. Foreign investors often invest in countries that provide tax incentives so that they can improve their earnings. An increase in foreign direct investments will have a powerful demand-side effect in the economy. Concisely, the consumpt ions associated with new investments by foreign investors will increase the demand for various goods and services in the economy. The increase in demand will encourage producers to increase their output, thereby increasing the country’s GDP (Rossana 88). Finally, reducing the level of compulsory pension contribution will improve the purchasing power of the citizens. Concisely, a reduction of the compulsory contributions will enable the citizens to have a high disposable income, which will enable them to purchase more goods and services. Impact on Macroeconomic Indicators The article highlights three important macroeconomic factors, which have implications for the country. These include the expected reduction in GDP growth, planned fiscal consolidation, and uncertain performance of the world economy and financial markets. These factors will affect the country’s unemployment and output in the following ways. Output The forecasted reduction in economic growth means that t he country’s output (measured by GDP) expanded at a slower rate in 2012 than in the previous year. Expectations concerning future decline in economic activity usually influence production decisions. Producers and investors associate a reduction in the rate of economic growth with a decline in profits or corporate earnings (Romer 477). Thus, they are likely to reduce their output in response to the expected decline in demand as the economy slows down. In this regard, expectations of a decline in future earnings will lower the country’s output. The country’s output is also likely to decline if the global economic environment continues to deteriorate. Concisely, poor performance of the world economy will reduce the demand for the country’s main exports such as oil. Thus, UAE’s exporters will reduce their output in response to the low demand for their products. Similarly, uncertainty in the global financial environment will limit the ability of UAEâ₠¬â„¢s firms to access credit from foreign markets. This will limit investments and reduce the country’s output. Fiscal consolidation involves implementing strategies that enable the government to reduce its budget deficit and overall public debt (Rossana 121). Thus, fiscal consolidation involves a reduction in public spending by the government. Reducing government expenditure is essentially a contractionary fiscal policy. According to figure 5, a reduction in government spending will cause a shift in the aggregate demand curve to the left, thereby reducing real output from Y0 to Y1. Thus, fiscal consolidation is likely to reduce the country’s output. Unemployment Unemployment is a lagging macroeconomic indicator because it usually takes time to respond to a change in GDP growth. Thus, the country’s unemployment rate may not change significantly in the short run as the economy slows down. Reducing the workforce in response to falling demand and hiring new employe es as economic activity improves usually involves high costs. Thus, firms are likely to retain their employees in the short run even if the rate of GDP growth is reducing. In this case, the unemployment rate may not increase by a big margin. Okun’s law suggests a negative long run relationship between unemployment and GDP growth (Chamberlin, Linda and Yueh 245). Thus, if the country’s economic decline persists for a long time, unemployment rate will increase. This is because firms will opt to reduce their workforce in order to avoid high fixed costs. According to Okun’s law, the rate at which new jobs are created depends on the rate of GDP growth. Thus, a reduction in the growth of the country’s GDP will slow the rate at which new jobs are created. Hence, the problem of high unemployment will persist. Conclusion The IMF expected the rate of GDP growth in the UAE to decline from 4.9% in 2011 to 2.3% in 2012. This decline was attributed to the countryâ€⠄¢s limited capacity to increase oil production and uncertain global economic environment. The country’s government can stimulate economic growth by implementing an expansionary fiscal policy. In particular, it should increase public spending and reduce taxes. An expansionary fiscal policy is appropriate because the country has a low inflation rate, whereas its unemployment rate is high. Additionally, the policy will stimulate demand, thereby increasing the rate of GDP growth. Nonetheless, an expansionary fiscal policy is likely to be inflationary. Moreover, it can crowd-out investments in the private sector and increase public debt if it is financed through large-scale borrowing. In this regard, the government should also implement policies that will prevent high inflation and the crowding-out effect. Appendix Figure 1: AD-AS Model (shift in AD curve) Figure 2: AD-AS Model (shift in SAS curve) Figure 3: Effect of expansionary fiscal policy Figure 4: Effect of reduced prod uction costs Figure 5: effect of fiscal consolidation Works Cited Al-Khateeb, Faisal, Ali Darrat and Khaled Elkhal. â€Å"The UAE Growth Surge: Have Information Technology and Human Capital Contributed?† Studies in Economics adn Finance 24.4 (2007): 297-306. Print. Chamberlin, Graeme, Linda Linda and Yi-Chuang Yueh. Macroeconomics. New York: McGraw-Hill, 2006. Print. Minford, Patrick and David Peel. Advanced Macroeconomics. New York: John Wiley and Sons, 2002. Print. Nyarko, Yaw. The United Arab Emirates. Business. New York: UNU-WIDER, 2013. Print. Romer, David. Advanced Macroeconomics. New York: McGraw-Hill, 2011. Print. Rossana, Robert. Macroeconomics. London: Oxford University Press, 2011. Print. World Bank. UAE Economic Indicators. World Bank Group, 31 Dec. 2012. Web. This report on The Economic Performance of the United Arab Emirates was written and submitted by user Jaqueline Foley to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Write A 700 Essay

Write A 700 Essay Write A 700 Essay Court Systems in the United States Yaye Ndiaye CJS200 10/12/2014 Professor Monty Mathis Criminal sentencing involves a lot of decisions making and evidence gathering. There are four philosophical reasons for punishing criminals which are retribution, incapacitation, deterrence, and rehabilitation. Retribution is one of the oldest and most know reasons for punishing someone. It is based on an eye for an eye. The punishment is to punish someone based on the crime they have committed. Therefore you punishment will solely be based on how severe your crime is and nothing else. The second one is incapacitation and this is a way to detain people that commit crimes and making it so that they are away from society. This one is mostly to make it so that the person suffers for what they have done by eliminating them from outside communication. The third one is deterrence is a way to give a threat in order to prevent crime. This usually detours people that are really afraid of punishment and it will make them think about if the crime is worth them receiving a punishment. The last o ne is rehabilitation which most people say is the best method because it allows convict to receive help in order to change their way of thinking and behavior. When a person is found guilty they may be charged based on the law of the land, which in this case is the United States of America. There are six forms of punishment; capital (death sentence), imprisonment, probation, fines and restitution, community service, and restorative justice (apologies). All these forms are effective. The first one is capital punishment which is also known as the death penalty. A punishment like this will come from crimes cases that involve murder, rape, homicide and etc. The method involved in carrying of this procedure is lethal injection, electrocution, and firing squad; even though this is a well known punishment it is not very common. The second one is imprisonment which is incarceration. This is when a person is put into jail for the crime they have committed. This is the most common punishment out there. The time that the convicted receives is based on the crime that they committed. The third one is probation which is usually used in conjunction with imprisonment. A person is usually given probation also if they committed a misdemeanor or a low degree felony. Probation is also a way to make sure the ex convict follows all the laws and make sure that they are trying to make a change; this includes urinalysis, job searches, and weapon restriction. The fourth one is fines and restitution; they both involve paying a sum of money however the difference between the two is that the fine is suppose to be paid by the convict to the government. While on the other hand restitution is paid to the affected party for compensation. This punishment is usually given to someone that has no threat to society. If it so happens that the convict

Projects and their management Essay Example | Topics and Well Written Essays - 2000 words

Projects and their management - Essay Example In the enclosed review of what, how, and when certain needed skills or knowledge is warranted to defining how critical a project manager is to a project will show its overall importance in reaching success (Savory and Butterfield 1998). The focused areas are knowledge and application that outline the needed awareness in critical points that presents challenges from a less skilled profession to remedy a particular situation. In such an analysis, the outcome will provide the understanding to the true reasoning’s by the assumption that a project manager is the proactive measure to facilitating the project scope (Thill and Bovee, 2007). The evaluation on all the needed processes, interventions, identifying, traceability and monitoring - that has the definitions of what required skills are necessary to be deemed a capable project manager. Identified Required Knowledge and Usage of Application from a Project Manager The usage of core project management tools is essential to effectiv ely monitoring the progress of the project. The project manager awareness of controversies is the important standpoints for the ability to showing how connections and distinctions relate to differences in a functional environment (O’Conor, 2000). ... The true understanding of the defined processes for making the project successfully happen provides the matrix to forming the right strategy of execution (Thompson and Bunker, 2006). The project manager’s skill set is in the decision making ability that will determine a successful outcome will occur or an unsuccessful outline. The senior project manager is about making the discipline of initiating, planning, executing, and the actual managing resources with the focus on completing specific deliverables within budget (Mantel, Meredith, Shafer, and Sutton, 2008). The needed quality and time restraints are the driving force that detects the project manager skill of decision making to either a successful outcome or a failure (Jennings, 2010). The building of the project manager’s skills are an integral part in determining if the planning of the project proves to being a profitable one – that is outline in the defined project scope. Therefore, the knowledge base is th e streamline of implementing an entire project from start to finish for adhering to the time and budget constraint. The prowess of the project manager must realize the scope vision and elements required in facilitating the needed pace of meeting deliverables dates and expectations of quality. The successful project manager is visionary to foreseeing challenges that can prevent the finish of certain or all deliverables, especially within the critical point, that reference a keen eye of perception to keeping pace. The identification of the key metrics are the important element to considering how the approach the can or should be applied in meeting project scope goals. The project life cycle correlates to the determining factor of

Discuss the MBS market in the US Essay Example | Topics and Well Written Essays - 2250 words

Discuss the MBS market in the US - Essay Example Fisher Centre for the Economics and Real Estate Journal (Van Order, 2000). The paper also shows a little history about the mortgaged based securities market in the US. It also displays the subtypes of the mortgage-backed security. For instance, it indicates mortgages that have collateral especially those that are secured using bond. It also shows stripped mortgages that are acquired using the relationships. The paper also that there is also the secondary mortgage market where a network of lenders does sell, and the investors buy the existing MBS. The issue of market size and liquidity is. The paper also shows how the Mortgage-backed security is where the weighted average coupon (WAC) and the weighted average maturity are in the valuation of a pass-through MBS (Van Order, 2000). The paper also talks about the issue of credit risk where the credit risk of the mortgage-backed securities will depend on the susceptibility of the borrowers in honouring their credit obligations at the required time. It also shows that the MBS’ credit rating is usually high (Van Order, 2000). The Mortgage backed securities (MBS) entails a debt responsibility that act as a representative of the claims to the cash flows from various loan mortgages brought together. It commonly witnessed in the real estate properties. Mortgage loans are from mortgage companies, banks, and other originators, and they are into pools by the private entity, governmental or quasi-governmental entity. The entity will then issue securities that represent claims on the principal and payments of interest made by investors on the loans in the pool. The process is as securitization (Levin and Davidson, 2008). Most Mortgaged Backed Securities originate from government-based institutions especially those that deals with mortgages. Some of such institutions are NMA and FAM. It also involves other corporation in the

The Need For Communication In Modern Business English Language Essay

The Need For Communication In Modern Business English Language Essay Answer: Communication is an important part of business. Opportunities are created because of maintaining good communication with your colleagues and clients. Nearly every transaction is impacted by communication, so the importance of this skill cant be overstated. Its essential for building and maintaining relationships with customers, and good communication is necessary for developing a trustworthy reputation. Communication is a valuable skill, and in many ways is an art form. If you possess strong linguistic skills, youll go far in effectively communicating in both your personal and professional lives. The role of communication in business is important for every role: Corporate Communications/Affairs Manager, Public Relations Specialist, Human Resources Communications Manager, Advertising, and Marketing and Promotions. 2: What is meant by rumour?What is grapevine? Are they the same? Answer: rumor: gossip (usually a mixture of truth and untruth) passed around by word of mouth Grapevine communication is a form of informal business communication, which develops within an organization. It means gossip, usually gossip that spreads and covers a lot of ground (a lot of people), much like vines do. 3: Explain upward communication. How does it take place in an organization? Answer : Information exchange between departments or functional units, as means of coordinating their activities. Communication between people at the same level in an organization, community or peer group, usually as a means of coordinating efforts. Its when the managers of the same level share ideas, suggestions and solutions to help bring the organization to a better level. The main objectives of horizontal communication are developing teamwork, and promoting group coordination within an organization. It takes place between professional peer groups or people working on the same level of hierarchy. Horizontal communication is less formal and structured than both downward communication and upward communication, and may be carried our through informal discussions, management gossip, telephone calls, teleconferencing, videoconferencing, memos, routine meetings and so on. 4: What are the semantic barriers in communication?Explain. Answer : Physical Barriers One of the major barriers of communication in a workplace is the physical barrier. Physical barriers in an organization includes large working areas that are physically separated from others. Other distractions that could cause a physical barrier in an organization are the environment, background noise Language Inability to converse in a language that is known by both the sender and receiver is the greatest barrier to effective communication. When a person uses inappropriate words while conversing or writing, it could lead to misunderstanding between the sender and a receiver. Emotions Your emotions could be a barrier to communication if you are engrossed in your emotions for some reason. In such cases, you tend to have trouble listening to others or understanding the message conveyed to you. A few of the emotional interferences include hostility, anger, resentfulness and fear. Lack of Subject Knowledge If a person who sends a message lacks subject knowledge then he may not be able to convey his message clearly. The receiver could misunderstand his message, and this could lead to a barrier to effective communication. Stress One of the major communication barriers faced by employees in most of the organization is stress. When a person is under immense stress, he may find it difficult to understand the message, leading to communication distortion. At the time of stress, our psychological frame of mind depends on our beliefs, experiences, goals and values. Thus, we fail to realize the essence of communication. 5: Is noise a barrier in the communication process? Answer: Communication noise refers to influences on effective communication that influence the interpretation of conversations. While often looked over, communication noise can have a profound impact both on our perception of interactions with others and our analysis of our own communication proficiency. 6: Explain the role of multi media in effective communication. Answer : I have long believed that a multimedia presentation is fundamentally no different from any other form of human communication; ideas and information are being transmitted between human beings, what has been called linear communication since the seminal work of Shannon and Weaver. Biocca stated this concept quite clearly: All computer-based interactivity is a form of interaction with other humans, even when none are present. The human essence of the programmers and designers remains resident in the logic of the artificial interaction, even though they are not there. Therefore, to be able to create effective multimedia, we need to consider what constitutes effective human communication, regardless of the medium. A review of the history of those forms of human communication that employ more than one medium can be beneficial for a multimedia developer People have been communicating with each other for hundreds of thousands, perhaps millions, of years. Whenever possible, the initiator of the communication has employed whatever additional methods were available to enhance the communication and make it as effective as possible. So, for example, modern storytellers, as perhaps ancient ones did, use their hands to illustrate the action and create sound effects to emphasize or portray more realistic scenes. As further examples, stage plays and their derivatives, such as opera and movies, normally include costumes and scenery to enhance and further the communication. 7: Communication in an organisation is multi-directional. Discuss the statement by explaining briefly channels of communication based on directions of communication. Answer : Communication is the passing on of ideas and information. In business we need good, clear communication. The contact may be between people, organisations or places and can be in a number of forms such as speech, writing, actions and gestures. Organisations need to be structured in such a way as to maximise the benefits of communication processes. This is why team structures are so useful because they open up a multi-flow channel of communications. Up until the 1980s many large firms in America and Western Europe were characterised by top-down communications systems. http://legacy.businesscasestudies.co.uk/theory_images/173/11200488981.jpg Communication flowed down the line i.e. instructions were passed down the line. Individuals at the bottom end of the system had little scope for decision making. However, modern communication systems stress the importance of empowerment, and multi-flow communications: There are a range of media for flows of communication in a modern organisation including: team briefings team discussions meetings informal talk e-mail discussion boards, etc. Large organisations like Corus and Travis Perkins recognise the importance of multi-channel communications and have therefore created team working structures. Teams are organised into multi-disciplinary groups in order to draw on a range of expertise. The teams are encouraged to make decisions rather than to wait for commands from above. Multi-channel communications Formal communications are those that involve the officially recognised communication channels within an organisation. Informal communication involves other forms of interactions between organisational members. Good communication is an important person to person skill in an organisation. Employees are most likely to be well motivated and to work hard for organisations where there are well organised multi-directional communication flows. Communication flows in a number of directions: Downward communication involves the passing of commands from higher levels in a hierarchy to lower levels. This is sometimes referred to as top-down communication. Upward communication involves the feedback of ideas from lower down in the organisation to higher levels. This sort of communication flow is important in the consultation of employees, and enables managers to draw on good ideas from those working at grassroots levels in an organisation. Sideways communication involves the exchange of ideas and information between those at the same level in an organisation e.g. between the various functions. Multi-channel communication involves a range of flows of information. Information and Communications technology and the resultant networking systems enable effective multi-channel communication. There are all sorts of ways of organising effective communications between members of an organisation: Team briefings enable team leaders and managers to communicate and consult with their staff. Team briefings may take place on a daily basis or less frequently. Formal meetings enable a more formalised approach to communication. Face-to-face communications enable a free and frank exchange of ideas. There are many other ways of communicating such as e-mail, electronic noticeboards, physical noticeboards, newsletters, phone, fax, videoconferencing etc. The type of communication channel used needs to be appropriate to the message being conveyed. For example, if an exchange of ideas is required some sort of face-to-face meeting will be most appropriate. The communication of information can be done by newsletter, or notice board. Team working encourages a range of different types of communication and can be to high levels of motivation. 8: Give a few examples where one can say that communication was done in an unethical mannner. Answer : 9: It is feedback that completes the proces of communication.. Elaborate this statement. Answer: Communication plays a very crucial role in an organization. In fact, communication is the reason for human existence. There are different forms of communication through which the intentions of people and animals and even plants alike can be passed across to another. Without communication, life will be very difficult and in fact, it will be full of chaos. Feedback makes communication meaningful. It is the end-result of an idea and makes communication continuous. In the process of communication, the originator first gets the idea to be passed across and then think of how to get it across via appropriate channel or medium. After the coding and dissemination, one expects the decoder after receiving the information or idea to give response. The response thus given is called the response which may be verbal or non-verbal, that is, in words or mere smile, glance, clap, etc. While feedback could be instantaneous as in the case of verbal conversation between two people standing or on telephone conversation or internet instant message, it could be delayed for sometime before the response is given to allow the receiver to think and take his time to consider what he is given. While the former is common to an informal communication, the latter goes with formal communication via letters, memo, etc. Feedback could also be in written form or in oral form or even both. It could be also in form of demonstration e.g. body movement, paralanguage, gesture, posture, etc. At one time or another, people are seen been frustrated as a result of the refusal of another person to give response to their message or letter. Some got so mad that delay in such could result to disciplinary measures or insubordination especially in a formal setting. To lovers, it means life itself. Refusal to communicate ones intentions may mal the whole relationship of a thing. All these explain the importance of feedback in communication. The following are some of the importance of feedback in communication either in a formal or informal setting: 1. It completes the whole process of communication and makes it continuous. 2. It sustains communication process 3. It makes one know if one is really communication or making sense 4. It is a basis for measuring the effectiveness of communication 5. It is a good basis for planning on what next to be done especially statistical report 6. Communication will be useless without feedback 7. Feedback paves way for new idea generation These points are few in number. The basis being established here is that feedback is the livewire of communication as communication is the livewire of human existence and interaction. 10: One has to be well educated to learn the nuances of communication. Do u agree or disagree? Suppourt your answers with logical and concrete examples. Answer : Think of how often you communicate with people during your day. You write emails, facilitate meetings, participate in conference calls, create reports, devise presentations, debate with your colleaguesà ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ã‚ ¦ the list goes on. We can spend almost our entire day communicating. So, how can we provide a huge boost to our productivity? We can make sure that we communicate in the clearest, most effective way possible. communication needs to be: Clear. Concise. Concrete. Correct. Coherent. Complete. Courteous. and well illustrate each element with both good examples. 1. Clear When writing or speaking to someone, be clear about your goal or message. What is your purpose in communicating with this person? If youre not sure, then your audience wont be sure either. To be clear, try to minimize the number of ideas in each sentence. Make sure that its easy for your reader to understand your meaning. People shouldnt have to read between the lines and make assumptions on their own to understand what youre trying to say 2. Concise When youre concise in your communication, you stick to the point and keep it brief. Your audience doesnt want to read six sentences when you could communicate your message in three. Are there any adjectives or filler words that you can delete? You can often eliminate words like for instance, you see, definitely, kind of, literally, basically, or I mean. Are there any unnecessary sentences? Have you repeated the point several times, in different ways? 3. Concrete When your message is concrete, then your audience has a clear picture of what youre telling them. There are details (but not too many!) and vivid facts, and theres laserlike focus. Your message is solid. 4. Correct When your communication is correct, it fits your audience. And correct communication is also error-free communication. Do the technical terms you use fit your audiences level of education or knowledge? Have you checked your writing for grammatical errors? Remember, spell checkers wont catch everything. Are all names and titles spelled correctly? 5. Coherent When your communication is coherent, its logical. All points are connected and relevant to the main topic, and the tone and flow of the text is consistent. 6. Complete In a complete message, the audience has everything they need to be informed and, if applicable, take action. Does your message include a call to action, so that your audience clearly knows what you want them to do? Have you included all relevant information à ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬ contact names, dates, times, locations, and so on? 7. Courteous Courteous communication is friendly, open, and honest. There are no hidden insults or passive-aggressive tones. You keep your readers viewpoint in mind, and youre empathetic to their needs. 11: Expain the organisational and personal barriers to communication. Answer : Ethics because it is not ethical to answer questions that a person is not supposed to hear, i.e., conflict of interest. Law is similar but this is through written communications. One should never put in an email or something written that could be used in court. All of that info should go via personal exchages Gender bias is obvious. Sometimes say a man wont reveal certain things to a woman and vice versa. And lastly, confidentialty. What is the saying; Valor is the better part of discretion? Dont say what you dont want someone else to hear.

Vietnam War Impact on New Zealand

The Vietnam War had several social effects in New Zealand. The New Zealand publics’ opinion was polarized due to New Zealand’s involvement in the war, and public debate was generated over New Zealand’s foreign policy in particular how it relied on an alliance-based security. An anti-war movement developed in New Zealand, who disagreed with the strategy of forward defense. They also questioned the validity of the domino theory, and thought communism in south-East Asia did not in any way threaten New Zealand.The members of the anti-war movement also condemned the western intervention in Vietnam; they argued that they should not support a corrupt regime such as Ngo Dinh Diem, that it was immoral. The anti-war activists urged the New Zealand government to get a more independent foreign policy, instead of being submissive to the American government. The anti-war movement grew steadily, by the 1970s mobilizations that involved thousands of New Zealanders marching to pr otest the war where occurring in cities all over New Zealand.Young and highly educated New Zealanders made up a most of the anti-war war movement, which was also supported by church groups, students, and growing numbers of the public. This was a large social effect the Vietnam war had on New Zealand as it meant people where coming together to protest the war, and it caused New Zealanders to be more aware of politics and become more politically involved. The Vietnam War also had large political impacts in New Zealand.While New Zealand troops where in Vietnam the political ideas of National and labor towards the war became markedly different. Initially both parties supported sending troops, national publically stating New Zealand had a duty to support its ally, but as the war continued Labor began to adopt the ideas of the anti-war movement. From 1969 labor promised if they were elected New Zealand troops would be withdrawn from Vietnam. Labor supported a more independent foreign poli cy, which would reflect New Zealand as a small multicultural country situated in the south pacific.Labor hoped it would be able to achieve this and keep New Zealand in its alliances. National however remained committed to an alliance based foreign policy, arguing a small country such as New Zealand had to rely and co-operate on powerful allies. New Zealand’s involvement in the Vietnam War lead to the end of the earlier Bipartisan cold war consensus between National and Labor on foreign policy, marking it a significant turning point in the development of a new direction for New Zealand’s foreign policy.The Vietnam War had both long term impacts on the New Zealand soldiers involved and more immediate impacts. A more immediate impact was while in Vietnam New Zealand soldiers were put under a lot of stress. The Viet Cong were an â€Å"invisible enemy† who fought using guerilla tactics. New Zealand soldiers also patrolled in silence, using hand gestures to communicat e, so as to not reveal their position to the enemy. This meant the soldiers did not know where the Viet Cong were, and knew they could appear at any moment.This would have frightened the soldiers and put more stress on them, as they were never sure when they would run into the Viet Cong, knowing that each time they went round a corner they could run into the Viet Cong. Veterans recall â€Å"endless fear, tension and adrenalin. † during their time in Vietnam. Some of the missions New Zealand soldiers were required to go on resulted in the deaths of Vietnamese women and children, many soldiers suffered psychological damage as a result of seeing the bodies and realizing who they had killed.Upon returning home soldiers faced hostility from the public, who described them as â€Å"war-mongers† and â€Å"baby-killers. † This had an emotional effect on soldiers, who had been an expecting a hero’s welcome, many where surprised and hurt by the public’s react ion. This was one of the factors that caused veterans to think of themselves as â€Å" cynical† and â€Å"distrusting. † New Zealand soldiers also suffered from long term affects from the Vietnam war, in particular many suffered from exposure to the defoliant agent orange.Agent Orange was a dangerous toxin used by the US to kill the foliage the Viet Cong hid in. it was sprayed by air and by hand. Zone three, where New Zealand soldiers were serving had over 20 million liters of Agent Orange sprayed on it, more than the other zones got combined. Exposure to Agent Orange caused high rates of cancers such as liver, Non-Hodgkins lymphoma and lung cancer among veterans, around 30 to 40 years after they left. Agent Orange also had an intergenerational impact, affecting the veteran’s children.After the war many of their wives had still or premature births. One soldier’s wife had seven miscarriages. Agent Orange caused genetic mutations to occur; the women who did manage to have kids gave birth to children with deformities and disabilities. Initially the New Zealand government refused to acknowledge the effects of Agent Orange, and would not give recognition of the harm that had been done to New Zealand soldiers. However after incontrovertible proof was provided to a governments select comity it was officially agreed that New Zealand soldiers had been put at risk.