Personal Teaching Philosophy Essay -- Education Sociology Children pap

Personal Teaching Philosophy Introduction "Children become, while little, our delights†¦when they grow bigger, they begin to fright’s." This quote is from John Bunyan’s poem "Upon the Disobedient Child," and rings the truth. But, how can we help children develop into normal, healthy adults? That is a question society has been asking since the first days of civilization. There are four areas of development that allow children to grow into strong adults: motor, cognitive, language, and social-emotional. Motor Development Motor development is defined as "the development of skill in the use of the body and its parts" (Charlesworth 12). There are three areas of motor development: gross motor skills, fine motor skills, and perceptual motor skills. Gross motor skills require the "use of large muscles†¦as well as general strength and stamina" (Trawick-Smith 201) and they are the first to develop in infants. Two examples of these skills would be creeping or standing with help. For older children, examples of gross motor skills would be jumping rope, martial arts, soccer, or swimming. Fine motor skills require the use of "smaller muscles in the arms, hands, and fingers" (Trawick-Smith 209). In infants, an example of this motor skill would be grasping an object. In older children, examples of fine motor skills would be writing, drawing, tying a shoestring, or building with Lego’s. However with these motor skills, particularly with fine motor skills, one must keep in mind that perception helps to put together these movements. "This ability to integrate movements and perception" (Trawick-Smith 210) is called perceptual-motor skills. Examples of using these skills would be baseball, football, or copying what a teacher drew ... ...n certain subjects. So, I’ll try to have creative lessons in which the children will learn something and have fun while doing the activity. Finally, I hope I can become a good teacher and pass on what I have learned from my teachers in the past. Works Cited Charlesworth, Rosalind. Understanding Child Development. United States: Delmar Thomson Learning, 2000. 12, 16, 107, 271, 374. Mayesky, Mary. Creative Activities: for Young Children. United States: Delmar Thomson Learning, 2002. 309. Muzi, Malinda Jo. Child Development: Through Time and Transition. New Jersey: Prentice Hall, 2000. 187, 213, 264. Smith-Trawick, Jeffery. Early Childhood Development. New Jersey: Prentice Hall, 2000. 135, 174, 201, 209, 210, 293, 295, 298. 300. Wood, Chip. Yardsticks: Children in the Classroom Ages 4-14. Massachusetts: Northeast Foundation for Children, 1997. 1.

Demographic Segmentation

Study of a demographic segment and its sub segment falling in the age group 18 year to 25 years Saneel Gaonkar IBS Gurgaon Study of a demographic segment and its sub segment falling in the age group 18 year to 25 years Introduction Different kinds of people display different buying patterns even in a segment of age group 18 years to 25 years. This truth is well understood by those people who are responsible for market research, product development, pricing, sales and strategy. Market segmentation is the identification of portions of market that are different from one another. Every individual falls under one or other demographic segment of the society ‘Mr. Philip Kotler has defined a market segment as a group of customers who share a similar set of needs and wants (Philip Kotler, 2009). ’ A market segment is a sub-set of a market made up of people or organizations with one or more characteristics that cause them to demand similar product and/or services based on qualities of those products such as price or function. The criteria that a true market segment should meet are as follows: distinct from other segments, homogenous within the segment, it responds similarly to market stimulus and it can be reached through market intervention. Researchers try to define segments by looking at descriptive characteristics: geographic, demographic and psychographic. Then they examine whether these customer segments exhibit different needs or product responses. Few other researchers have tried to define segments looking at behavioral consideration such as consumer responses to benefits, use occasions or brands. Researchers than see whether different characteristics are associated with each consumer response segment. (Philip Kotler, 2009). The key here is to identify customer differences. The major segmentation variables are Geographic, demographic, psychographic, and behavioral segmentation. Living in metropolitan city like Mumbai exposes you to a wide competitive market in all sectors. Segmenting Consumers in Mumbai by using these segmenting techniques gives a thorough idea of the consumers in Mumbai Geographic Geographic segment calls for division of the market into different geographical units such as nation, states, region, countries, cities or neighborhoods. In India geographic segmentation assumes importance due to variation in consumer preferences and purchase habits across different regions, and across different states. In India rural and urban markets differ on number of different essential parameters like literacy levels, income, spending power. There is a vast difference in infrastructure such as electricity, telephone network and roads. The need to segment the market geographically becomes clearer when we look at some of the characteristics of the market. In India there are 5000 towns and over 6, 38,000 villages (Pradeep Kashyap, 2003-04) (Philip Kotler, 2009) Region Mumbai falls in Western region of India. There are few significances of this region that needs attention, Maharashtra the state with Mumbai as its capital derives its culture from Indo – Aryan Vedic culture influenced by the Maratha Empire and the British Empire. City of Mumbai According to 2011 census, the population of Mumbai was 12,478,447 (The Registrar General & Census Commissioner, 2011). (censusindia. gov. in) According to extrapolations carried out by the World Gazetteer in 2010, Mumbai has a population of 13,830,884 and the Mumbai Metropolitan Area has a population of 21,347,412. The population density is estimated to be about 20,482persons per square kilometer. The sex ratio was 838 (females per 1,000 males) in the island city, 857 in the suburbs, and 848 as a whole in Greater Mumbai, all numbers lower than the national average of 914 females per 1,000 males. PopulationIndia. com, 2011) The low sex ratio is partly because of the large number of male migrants who come to the city to work (â€Å"Parsis top literacy, sex-ratio charts in city†, 2004) As Per 2011 census, Greater Mumbai, the area under the administration of the BMC, has a literacy rate of 94. 7 %, higher than the national average of 86. 7%. (The Registrar General & Census Commiss ioner, 2011)Sixteen major languages of India are also spoken in Mumbai, most common being Marathi, Hindi, Gujarati and English. The religions followed in Mumbai include Hindus (67. 39) , Muslims (18. 56%), Buddhists (5. 22%), Jain (3. 99%), Christians (4. 2%), Sikhs (0. 58%), Parsis and Jews making the rest of the population. (Mehta, 2004) Mumbai is also home to the largest population of Parsi Zoroastrians in the world, with about 80,000 Parsis in Mumbai. (â€Å"The world's successful diasporas†) Looking at the data it is clear fact that Mumbai is a large market with intelligent customer. Amount of exposure to brands and products a person goes through in Mumbai is vast. Culture This Research also includes finding new potential markets in the age group of 18 to 25 years, for this purpose knowing the culture of Mumbai is also essential. The culture of any place is always determined from its people, cuisine, religion, language and festivals. Mumbai has a mixture of people from various communities and subsequently they follow different religions. The metropolitan observes modern trends; here people enjoy participating in all festivals irrespective of caste, creed and color. Mumbai is the birthplace of Indian cinema. The influence of the Bollywood in the cities culture is observed. The cultural heritage of Mumbai presents a combination of old and new. The ‘bindaas' or carefree approach of the Mumbaikars comes alive in their dialect of Mumbaiya Hindi too. (Principal Cities) Economy Mumbai is the financial and commercial capital of India. It generates 6. 16% of the total GDP. It is the economic hub of India, contributing 10% to factory employment 25% of industrial output, 33% of income tax collection, 60% of custom duty collection, 20% central excise duty collection ,40% of India’s foreign trade , Rs 4000 crore in corporate taxes. â€Å"The world's successful diasporas†) In April 2008, Mumbai was ranked seventh in the list of â€Å"Top Ten Cities for Billionaires† by Forbes magazine, (Forbes Magzine) Demographic In demographic segmentation, the market is divided into groups on the basis of variables such as age, family size, family lifecycle, gender, income, occupation, education, religion, race, generation, nationality, and social clas s. Demographic variables are very popular among marketers as they are often associated with consumer needs and wants; another is that they are easy to measure. (Philip Kotler, 2009) Age and Lifecycle Age and Lifecycle are important variables to define segments as the needs and wants of the consumer change with age. Johnson & Johnson’s baby oil which is popular in India is a classic example of product of infants. (Philip Kotler, 2009) This research is focused on the market segment which falls in the age group of 18 years – 25 years. Consumers falling into this age group may have the falling into this group may be college going students, working, pursuing higher education, married and working, having their own business . Their wants and needs differ from each other. College going students will have their own wants and needs, what a college student would need is education, books, clothes, food his wants are a cricket bat, mobile, bike etc, he may desire to get education in a higher graded college, a car, Touch screen mobile etc. Working consumers have different needs compared to students. Working consumers may need a mobile, laptop, bike, blazers; he automatically becomes a prospective customer to housing development companies, car companies, furniture companies, aviation companies, Food chains, financial service companies, holiday tours and travel package companies etc. Consumer who I married and working may need jewelry for his wife, furniture for his house and other consumer durable and non durable products, prospective customers for car manufacturers, Insurance companies etc. Consumers having their own business may need, a working space, desks, electricity, ac’s, he may become prospective customer for insurance companies, luxury car companies, High end products etc. So Consumer pursuing higher education falls between these four sub-segments, His needs are all a mixture of all three, he will be getting married so all the needs and wants of a married working is a part of this consumer group. So by this we can infer that this wants and needs of this group is a mixture of all the other sub- segments. Slicing this segment further by Gender we find Men and women are different in their behavior, Research shows that women are likely to pick up the product without prompting while men often like to read product information before buying. (Philip Kotler, 2009) Income Income segmentation is a long standing practice in variety of products and services. Income determines the ability of consumers to participate in the market exchange and hence this is a basic segmentation variable (Philip Kotler, 2009) Slicing the segment on the base of income we may see college going student, Students pursuing higher education are dependent on their family’s income , while other sub- segment are earning consumers who control their consumption pattern through their own pocket. Psychographic Segmentation Psychographic Segmentation is the process of using psychology and demographics to better understand consumers. In psychographic segmentation, buyers are divided into different group based on psychological / personality traits, lifestyle or values. People within the same demographic group can exhibit very different psychographic profile. (Philip Kotler, 2009) VALS (â€Å"Values, Attitudes and Lifestyles†) (Philip Kotler, 2009)is a research methodology used for psychographic market segmentation. VALS was developed in 1978 by Arnold Mitchell and his subordinated at SRI International VALS Framework and Segment Innovator: These Consumers have the highest incomes, and such high self-esteem and abundant resources that they can indulge in any or all self-orientations and are on the leading edge of change, Image is important to them as an expression of taste, independence, and character. Their consumer choices are directed toward the â€Å"finer things in life. † ? Thinkers: These consumers are the high-resource group of those who are motivated by ideals. Their characteristics are mature , responsible, well-educated professionals. They have high incomes but are practical consumers and rational decision makers. Believers: These consumers are the low-resource group of those who are motivated by ideals. They are predictable and conservative consumers who favor established brands. They have modest incomes. ?Achievers. These consumers are the high-resource group, motivated by achievement. Work-oriented people who get their satisfaction from their jobs and families fall under this category. They are politically conservative and respect authority and the status quo. They favor established products and services that show off their success to their peers. ?Strivers. These consumers are the low-resource group who are motivated by achievements. They have values very similar to achievers but have fewer economic, social, and psychological resources. Style is extremely important to them as they strive to emulate people they admire. ?Experiencers: These consumers are the high-resource group of those who are motivated by self-expression. They are the youngest and energetic of all the segments, . They have a lot of energy, which they pour into physical exercise and social activities. They are avid consumers, spending heavily on clothing, fast-foods, music, and other youthful favorites, with particular emphasis on new products and services. Makers: These consumers with low-resource group of those who are motivated by self-expression. They are practical people with value self-sufficiency. They are focused on the familiar-family, work, and physical recreation-and have little interest in the broader world. As consumers, they appreciate practical and functional products. ?Survivors. These consumers are with lowest incomes. They have t oo few resources to be included in any consumer self-orientation and are thus located below the rectangle. Oldest of all the segments, with a median age of 61. They tend to be brand-loyal consumers. The age group taken into consideration here is 18 to 25 year. Some of them may fall into Experiencers segment who are young and energetic and who are motivated by self expression. Some of them are thinkers, i. e. Smart buyers. Behavioral Segmentation Behavioral segmentation divides a population based on their behavior, the way the population respond to, use or know of a product. Consumer behavior is a subject studied in depth over time in marketing management. This is mainly because there are several factors which a consumer takes into consideration before taking a decision. Thus consumer decision making is affected by his behavior and that is exactly how the behavioral segments are targeted. (Philip Kotler, 2009) Forms of Behavioral segmentation Buying on occasions: Buying on occasions is the first form of behavioral segmentation. Products such as chocolates and premium foods will sell on festivals. Similarly, confectioneries will sell when there is a party. Thus these products are generally targeted by behavioral segmentation. Benefits sought – Several products are targeted towards the benefits sought by the customer. Recently, there has been a war between Colgate and sensodyne to target the people who have sensitive teeth. Similarly, there are other toothpastes which are targeted towards whitening of teeth. Hair shampoos are targeted towards split ends, anti dandruff or others. Loyalty – There are two ways to grow a business. First is to acquire new customers and second is to retain your existing customers. The more loyal your customer is to you, the more your customer base will increase. That’s one more kind of behavior which marketers target. The strategy for brand loyal customers is very different from that used for acquiring new customers. Usage rate – In residential or commercial segment, the usage can be demonstrated in the form of heavy usage, moderate usage or lesser usage. Taking the example of beauty parlors or personal care. There are some customers who use a lot of personal care products whereas others do not use personal care products much. Thus depending on their usage the customers can be targeted. Among the age group that we are focused on one may find all such behavioral buying patterns. A person can be loyal to one brand for one product , but for other product he may switch brand as he is getting discounts. Research Methodology Data Gathering and Analysis To have a clear perception of the term research one should know the meaning of scientific methods. The two main terms, research and scientific method, are closely related. Research as we have already stated can be termed as â€Å" an inquiry into the nature of, reason for and the consequences of any particular set of the circumstances, whether these circumstances are experimentally controlled or recorded just as they occur. Here the researcher is interested more than particular results; he is interested in the repeatability of the results and in their extension to more complicated and general situation. Research in common refers to a search for knowledge. Research can also be defined as a scientific and systematic search for pertinent information on a specific topic. It is usually an art of scientific investigation. The purpose of research is to discover answer to question through the application of scientific procedures. The main aim of research is find out the truth which is hidden and which has not been discovered as yet. Research methodology is a way to systematically solve the research problem. It may be understood as science of studying how research is done systematically. It has many dimensions and research methods do constitute a part of Research Methodology. The scope of Research methodology is wider than that of research method. 1. Why a research study has been undertaken? 2. How the research problem has been defined? 3. In what way and why the hypothesis has been formed? Are usually answered when we talk of research methodology concerning a research problem or study. Whatever may be the types of research works and studies, one thing i. e. important is that they all meet on the common ground of scientific method employed by them. The research methodology can be defined as a way systematically solves the research problem along with the logic behind them. Researchers not only need to how to develop certain indices, how to calculate mean, mode, median and how to apply particular research technique and what would they mean and indicate and why? All this means that it is necessary for the researchers to design his methodology for his problem. The scope of Research methodology is wider than that of research methods. Thus research methodology deals itself not only with research method but also in considering the logic behind the methods used in the research study. Research Design: The research design is the conceptual structure within which research is conducted. It is a plan of action, a plan of collecting and analyzing data in economic, efficient and relevant be manner. It contains the blue print for the collection, measurement & analysis of data. The proposed study is an exploratory cum descriptive. The purpose of preparing research design could be either to test a hypothesis or to give a cause effect relationship to the given situation. The design provides answers for questions such as: â€Å"What techniques will be used to gather data? † â€Å"What kind of sampling will use? † As in this case research is to be a quantitative research. We are dealing with 12,478,447 population of Mumbai and slicing it to different segments. The data that has to be collected should be from an authentic source as the research is based on authentic facts of the region. Quantitative research Systematic empirical investigation of quantitative properties and phenomena and their relationships. Asking a narrow question and collecting numerical data to analyze utilizing statistical methods. The quantitative research designs are experimental, correlation, and survey (or descriptive). ] Statistics derived from quantitative research can be used to establish the existence of associative or causal relationships between variables. SOURCES OF DATA: The data that has to be collected has to be authentic, so it should be collected from authentic source like government websites, this type of research require authentic quantitative data. Data collection from primary sources is not a option here. So data has to be collected from secondary sources. Secondary Data: Information regarding the project, secondary data was also required. These data were collected from various past studies and other sources like magazines, newspapers, and websites which qualified as reliable. Limitations of the study †¢Limited Access to Secondary data †¢Lack of time Conclusion Mumbai is a large consumer base, the youth population following in the age group of 18 to 25 years itself is diverse in their own ways, each of them have different wants , needs and desires. All of their wants and needs are not always satisfied. Markets are oversaturated with products at claim to fulfill their needs; some fulfill the needs some partially. Buying decision of the consumer in this age depends upon what he thinks about the product and the brand and the amount of exposure he has gone through for that brand. As we are saying the needs of the consumers may be partially filled, so automatically there is a consumer base who wants something that will fulfill their needs in totality, this brings about a market opportunity for the companies which can be targeted by them, i. . slicing into that segment of Mumbai consumers. Many of the consumers are unaware of their needs as well, Example, Including the use of day today technology in household activities etc, there are many untapped markets in Mumbai that has to be exploited by the companies, Consumers of this age group are attracted to new technology and feature, they want to stay ahead of their generation, these wan ts and desires should be tapped upon by the companies. Bibliography â€Å"Parsis top literacy, sex-ratio charts in city†. (2004, september 8). Times OF India . The world's successful diasporas†. (n. d. ). Retrieved from Managementtoday. co. uk. censusindia. gov. in. (n. d. ). â€Å"Ranking of districts of Maharashtra by population size 2011†. Retrieved from censusindia. gov. in. Forbes Magzine. (n. d. ). Mehta, S. (2004). Maximum City Bombay Lost and found. Philip Kotler. (2009). Marketing Manager- A South Asian Perspective. Dorling Kindersley. PopulationIndia. com, â€Å". . (2011, June 1). Populationindia. wordpress. com. Pradeep Kashyap. (2003-04). â€Å"Selling to the Hinterland†. Business World , 88-91. Principal Cities. Government of Maharashtra.

Why Colleges Are The Best For Me - 1257 Words

The colleges I plan on attending after high school are Rogers State University and Oral Roberts University. For these two colleges I want to major in computer programming, I think that programming computers and websites would be a lot of fun, and quite useful these days. I would like to be able to work for someone big, like: Microsoft, Apple, or any other big computer companies. So I want to find out which college will be the best for what I want to do. I also need to find out what the expenses are, how the college will help me, and what kind of scholarships they offer. I need to find out what two colleges are the best for me. The information about the two colleges, computer programming will be a fun way to express my ideas. Choosing the†¦show more content†¦ORU has a diversity of mostly Caucasian people. ORU is also a Christian college. The day may start off with a prayer in class or by having a big bible study group. They even have majors from biblical literature to minist ry and leadership. RSU, like ORU, has a higher percentage of Caucasians on campus. But unlike ORU they have religions from Christianity to Muslim and even Jewish. RSU has majors all the way from accounting to sports management. Academic probation is a warning that the student s performance falls below the institution s requirement for â€Å"good academic standing.† ORU has majors ranging from nursing to music and even to English and engineering. They offer degrees such as Business Administration, Christian Caregiving and Counseling, Church Ministries, and even Leadership Studies. RSU has a program where you can take advanced classes to maintain competiveness in the local and global economy. RSU has majors in fine arts, as well as sports meds and business management. RSU provides scholarships for students at Rogers State University who plan to gain admission to the University of Oklahoma’s School of Community Medicine in Tulsa and complete careers in treating patients from parts of the state. The tuition will most likely be the hardest part of getting into college. To go to ORU, the tuition fee is about $35,000 per year including living on campus. To attend ORU it costs roughly about $12,000 a semester. A room and board is about $2,500 aShow MoreRelatedWhy College Is The Best School For Me1644 Words   |  7 PagesCollege is a big step in life for those who choose to attend it. Students are taken out of the high school environment and placed into one with significantly more responsibilities and freedom. At first glance, the vast number of choices for which college to attend will seem overwhelming, but with careful research, one can drastically narrow the options down to the specific preferences that the aspiring student may have. In my case, I have come to the conclusion that the Rose-Hulman Institute of TechnologyRead MoreWhy Did I Come to College?911 Words   |  4 PagesOmunique Jones Narrative rough draft Why did I come to college? Professor Bess September 22, 2014 Why did I come to college? I never thought in a million years I would make it to college. Growing up was hard for me and being the baby of the family I had a lot of pressure on me because everybody wanted the best for me. So many people come to college for many different reasons. I decide to come to Benedict to better my education and become successful in life. I want to be happy with whatRead MoreWhy College Education Is Important to Me795 Words   |  4 PagesImportance of College Education to Me Stephen Nuamah Ashworth College ID: AC1209774 Health Care Administration Why College Education is Important to Me Am I free? 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History of the Bicycle

A modern bicycle by definition is a rider-powered vehicle with two wheels in tandem, powered by the rider turning pedals connected to the rear wheel by a chain, and having handlebars for steering and a saddle-like seat for the rider. With that definition in mind, lets look at the history of early bicycles and the developments that led up to the modern bicycle. Bicycle History in Debate Up until a few years ago, most historians felt that Pierre and Ernest Michaux, the French father and son team of carriage-makers, invented the first bicycle during the 1860s. Historians now disagree since there is evidence that the bicycle and bicycle like vehicles are older than that. Historians do agree that Ernest Michaux did invent a bicycle with pedal and rotary cranks in 1861. However, they disagree if Michaux made the very first bike with pedals. Another fallacy in bicycle history is that Leonardo DaVinci sketched a design for a very modern looking bicycle in 1490. This has been proven to be untrue. The Celerifere The celerifere was an early bicycle precursor invented in 1790 by Frenchmen  Comte Mede de Sivrac. It had no steering and no pedals but the celerifere did at least look somewhat like a bicycle. However, it had four wheels instead of two, and a seat. A rider would power forward by using their feet for a walking/running push-off and then glide on the celerifere. The Steerable Laufmaschine German Baron  Karl Drais von Sauerbronn invented an improved two-wheel version of the celerifere, called the laufmaschine, a German word for running machine. The steerable laufmaschine was made entirely of wood and had no pedals.  Hence, a rider would need to push his or her feet against the ground to make the machine go forward. Drais vehicle was first exhibited in Paris on April 6, 1818. Velocipede The laufmaschine was renamed the velocipede (Latin for fast foot) by French photographer and inventor  Nicephore Niepce  and soon became the popular name for all the bicycle-like inventions of the 1800s. Today, the term is used mainly to describe the various forerunners of the monowheel, the unicycle, the bicycle, the dicycle, the tricycle and the quadracycle developed between 1817 and 1880. Mechanically Propelled In 1839, Scottish inventor Kirkpatrick Macmillan devised a system of driving levers and pedals for velocipedes  that allowed the rider to propel the machine with feet lifted off the ground. However, historians are now debating if Macmillan actually did invent the first pedaled velocipede, or whether it was just propaganda by British writers to discredit the following French version of events. The first really popular and commercially successful velocipede design was invented by French blacksmith, Ernest Michaux in 1863. A simpler and more elegant solution than the Macmillan bicycle,  Michauxs design included rotary cranks and pedals mounted to the front wheel hub. In 1868, Michaux founded Michaux et Cie (Michaux and company), the first company to manufacture velocipedes with pedals commercially.   Penny Farthing The Penny Farthing is also referred to as the High or Ordinary bicycle. The first one was invented in 1871 by British engineer James Starley. The Penny Farthing came after the development of the French Velocipede and other versions of early bikes. However, the Penny Farthing was the first really efficient bicycle, consisting of a small rear wheel and large front wheel pivoting on a simple tubular frame with tires of rubber. Safety Bicycle In 1885, British inventor John Kemp Starley designed the first safety bicycle with a steerable front wheel, two equally-sized wheels and a chain drive to the rear wheel.

The Triumph Of The Great Wall Of China Essay examples

The Great Wall of China has been called a wonder by many who have seen it. It brings pride to the Chinese nation, and is known for being the only man made structure visible from space. The magnitude of The Great Wall is an architectural achievement as well as an example of the will power of man. Many find it hard to believe that such an amazing sight could have a history so filled with death, slavery and sadness as The Great Wall does. The Great Wall of China is one of the worlds most famous architectural triumphs and has helped China throughout its history, even though its creation is marked by tragedy. There is a large dispute over how long The Great Wall of China really is. Estimates are given anywhere between 1,500 miles and 13,250†¦show more content†¦The Great Wall of China was instrumental in the evolution of modern wall building techniques. The Chinese traditionally used the hang?tu technique. This is when earth is put into wooden molds and beaten until it is as compact as possible. The molds are then removed and the hardened earth creates a wall. Some of the original earth walls stand as tall as 20 feet, and are as wide as 27 feet6. Earthen walls worked well in some areas but quickly eroded in desert areas. The Great Wall goes through a large variety of terrain, and there was a need for different styles of building. In the desert, there was a need for materials like wood and rocks to be put into the wall to make it erode slower. In the mountains harder materials like granite had to be used, so the wall would survive the harsh snowfall and wind. The Chinese wall buil ders were able to adjust their construction methods to fit each environment in which they were building. This changed the traditional approach to wall building. If a person were to walk the entire length of the wall, they would not only see a difference in the environment around the wall, but they would see the wall?s construction change to fit each environment. In order to build The Great Wall, the Chinese had to have an extremely organized government. The Great Wall was a huge project and needed to be overseen very carefully to avoid having large scale problems later. The enormous amount of money andShow MoreRelatedCultural Analysis Of China s History1341 Words   |  6 PagesCultural Analysis of China China’s history is the world’s oldest unbroken civilization dating back to at least four thousand years. Through these years, China came to develop several dynasties, with the first being the Xia Dynasty which was formed in 2000 B.C. Following the Xia Dynasty was the Qin Dynasty; main reason for this dynasty was to reform all the regions of China. 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Would you use Keynesian Policy Free Essays

1. Would you use Keynesian Policy? Explain Keynesian Economics in 10 lines or less. Keynesian Economics, broadly speaking, is a macroeconomic approach that advocates active government intervention in a country’s monetary policy in order to ensure the best economic outcome. We will write a custom essay sample on Would you use Keynesian Policy? or any similar topic only for you Order Now This produces a mixed economy, where both the private sector and the government control market conditions. In order to ensure economic growth and stability, governments impose policies that could stimulate the economy towards their desired ends. In a recession, stability can be achieved through tax breaks and government spending; in an economic upturn, this can be   done though tax hikes and cutbacks on government spending. Keynes, the theory’s proponent, believes that trends in the macroeconomic level can influence the spending and market behavior of individuals, and that the government plays a crucial part in instigating these trends by adjusting the economy’s general equilibrium. 2. Would you use Supply Side Policy? Explain this Economic Policy in 10 lines or less. The supply-side policy holds that influencing the supply of goods and services will lead to economic health. It emphasizes the supply, rather than the demand stimulus towards economic activity. Its conjecture is that if individuals have the means to buy, demand will be created. Supply-side economics thus focuses on policies that raise production capabilities for lowering the cost of products and controlling inflation. Supply side economists believe that high taxes increases the costs of production, thereby reducing the incentive to work and to invest. As such, they advocate policies that lower taxation rates in order to raise labor outputs and market capitals. 3. Would you use Monetarism? Explain this policy in 10 lines or less. The doctrine of Monetarism places emphasis on controlling the domestic money supply for promoting growth and maintaining economic stability. Monetarists believe that regulating the national income is the primary means for improving economic activity. It holds that instability and market changes such as inflation are due to fluctuations in the money supply, specifically, that these changes came as a result of the money supply being larger than the demand. By this assumption, increasing or decreasing the money supply, rather than raising taxes, will keep inflation in check. This is usually done by maintaining price stability and steadily increasing the stock of money in a moderate manner. 4. Would you use a combination of some or all of the above? Explain their main differences in 16 lines. Among the three macroeconomic policies, I believe a combination of Keynesian and Monetarist approaches will do best in achieving economic growth and stability.  According to the theory of Monetarism, inflation is an effect of the supply of money exceeding the demand. As such, regulating market prices is the best way of controlling inflation. But while Keynesian economics focus on the stability of currency, Monetarism focuses on price stability, which is achieved through maintaining money’s supply-demand equilibrium. Keynesian economics supports government manipulation of market conditions by way of   monetary policies based on real aggregate demand. When there is economic recession and inflation, it advocates higher taxes in order to curb individual spending. But aside from the monetary angle, it also employs fiscal strategies, those that relate to government spending, revenues, and debt. Supply-side economics is concerned with policies that produce more incentives for work, rather than stimulate demand. The emphasis on the supply factor is the main difference between the Supply-side and Keynesian theories. Proponents of supply-side economics believe that increasing taxes will only cause revenues to fall, therefore, reducing it will do more good by generating economic activity. However, I believe that this will not increase the supply of labor and services substantially. Lower taxes does not necessarily mean that individuals will choose to be more productive. Moreover, huge tax cuts can cause enormous deficits in the federal budget. 5. Given the economic model/theory, you choose to work with, explain your economic strategy for the next four years.  In the next four years, I aim to guide the nation towards having a strong and stable financial system. This means that in economic trems, stable prices are maintaned, inflation lessened, and long-term interest rates are moderated. I also aim to keep unemployment to a minimun, or better yet, lower than the current rate of 5.10%. I propose to achieve these things though policies that follow and Monetarist and Keynesian principles. We can best promote a progressive climate by maintaining an environment of low inflation. An important reason for keeping inflation low is that businesses will be able to foresee substantial future benefits if they are to be willing to bear the long-term risks that are associated with creating new enterprises, and expected low inflation affords them a clearer view of projected benefits. The Monetarist theory holds that variations in unemployment and inflation rates are caused by changes in the supply of money, and that inflation is a purely monetary phenomenon—this means that if the money supply does not change, the price level remains the same. Therefore, regulating the money supply will ensure a stable economic preformance. The money supply can be balanced through the buying and selling government bonds and securities. By buying securities, the government increases the money supply, thus lowering interest rates. On the same note, when it sells securites, the money supply becomes tighter. Using the Keynesian perspective, rising inflation levels can be curbed by imposing higher taxes to lessen demand and stabilize economic performance. This can also reduce the money supply so that interest rates will go up, making it harder for firms and consumers to obtain money, thereby reducing aggregate demand. Since the current rate of inflation is on the rise, I propose higher interest rates in order to lessen spending. This can also be done by regulating reserve requirements of member banks, affecting interest rates. When banks reserves are lower, there is a limited amount of money to go around so interest rates go up. This usually affects the amount of money banks lend to consumers and firms. When interest rates increase, consumers are less willing to borrow money to spend on goods or services. I expect the above measures to decrease inflation and increase employment rates, which means that the total market value of all the goods and services will also increase. This translates to a higher GNP. Higher taxes would also lessen the budget deficit, and since the deficit is financed by borrowing, the country’s debt will decrease as well. As for productivity, I also expect it to increase. The link between costs and   productivity is usually a positive one. Productivity helps offset costs so if inflation is low, it means that productivity is high.  If my strategy does not work and my inflation and unemployment goals were not reached, I may opt for deficit spending in order to stabilize the economy. While deficit spending can catalyze negative effects, under certain conditions (such as in a recession), it can help the economy cope. Since the money used to finance deficits usually come from foreign governments and institutions, it would be to the economy’s advantage if   they can be convinced to support my proposal.. Economic indicators, dictate how the policies are implemented. However, globalization can make it harder to determine the extent of economic manipulation that is needed to promote economic growth. A global market changes the dynamics of traditional economic systems, making economic outcomes more difficult to predict. Prices of products and services are now increasingly determined by market factors aside from those within the country. Thus, intervening with the money suppy may not be an accurate response to certain economic situations. Emerging economic trends and indicators should be taken into account regarding government policies and decisions. 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Financial Management for Policies and Practices- myassignmenthelp

Question: Discuss about theFinancial Management for Policies and Practices. Answer: The Importance of board of directors for public- listed company . Boards of directors is a group of people who take into consideration the operations and activities of the organization. In public limited company, there should be minimum 2 directors. The directors are the important part of the organization as the decisions are made by them in operating the functions of the company. They are appointed so that they can act on the behalf of the shareholders to run the day to day activities. They are liable to the shareholders and every year the company conducts the annual general meeting in which the directors give a proper report that is based on the performance of the company. The vision and mission of the company are determined by the directors by taking into consideration the current operations and development. The board of the directors determines the values that should be promoted in the company. The significant role that is played by the board of directors is related to determine the company goals and policies so that the profitability can be attained. The key role of the directors is to take into consideration the prosperity by considering the company's affairs that fulfill the requirements of the shareholders. To enhance the image of the organization in an effective manner the boards of directors are responsible and also they try to minimize the threats and risks in the external environment (Masulis Mobbs, 2014). The financial and non-financial transactions of the company are evaluated by the board of directors. The employees work according to the directions implemented by the directors. If boards of directors are not there in the organization, the n it can be very difficult for the organization to sustain in the market. The legal responsibilities of the company are taken into consideration by the boards of directors. The decisions of the organization are also taken by them. To implement something new in the organization, then it is essential to take approval from the directors of the company. Without the approval, the company cannot follow any new structure (Krause Bruton, 2014). To manage the authority of the management and also to implement the strategies and business plans the boards of directors are involved in it. Communication with the senior management is also done by them so that the profitability can be enhanced. A director considers the affairs of the company and should also trust the employees. If there is no trust between the management and the directions the activities cannot be conducted effectively. They are also considered as an essential mechanism for evaluating the performance level of the managers and also to safeguard the interest of the shareholders (Zona, Zattoni Minichilli, 2013).There are various organizations in which the law can be seen that create balance between the managers and the directors so that the company can manage the profits and also prevent abuse of the freedom. The main importance is to manage the books of accounts. So, it is evaluated that the directors are an essential part of the public limited company, as all the a ctivities are conducted under their supervision (Tricker Tricker, 2015). References Krause, R., Bruton, G. (2014). Agency and monitoring clarity on venture boards of directors.Academy of Management Review,39(1), 111-114. Masulis, R. W., Mobbs, S. (2014). Independent director incentives: Where do talented directors spend their limited time and energy?.Journal of Financial Economics,111(2), 406-429. Tricker, R. B., Tricker, R. I. (2015).Corporate governance: Principles, policies, and practices. Oxford University Press, USA. Zona, F., Zattoni, A., Minichilli, A. (2013). A contingency model of boards of directors and firm innovation: The moderating role of firm size.British Journal of Management,24(3), 299-315.