Study Guide Eco/365 - 2084 Words

ECO/365 Final Examination Study Guide This study guide prepares you for the Final Examination you complete in the last week of the course. It contains practice questions, which are related to each week’s objectives. Highlight the correct response, and then refer to the answer key at the end of this Study Guide to check your answers. Use each week’s questions as a self-test at the start of a new week to reflect on the previous week’s concepts. When you come across concepts that you are unfamiliar with, refer to the Student Guide for that particular week. Week One: Fundamentals of Microeconomics Objective: Differentiate between macroeconomics and microeconomics. 1. Macroeconomics is a. the study of individual choice and†¦show more content†¦11. Suppose wages and employment decrease. These changes were most likely caused by a(n) a. decline in immigration b. increase in emigration c. increase in the working age population d. decline in business activity in the economy 12. The incentive effect refers to how much a person will change his or her a. hours worked in response to a change in the wage rate b. wage rate in response to a change in productivity c. quantity demanded of a taxed good in response to a change in the tax rate d. wage rate in response to a change in the tax rate on earnings Objective: Analyze the effect of changes in marginal revenues and costs on a firm’s profit-making potential. 13. Rachel left her job as a graphic artist, where she earned $42,000 per year, to open her own graphic arts firm. Her explicit costs for the new business include a. only the expenses incurred for office space, equipment, and supplies b. only her foregone salary of $42,000 per year c. both the expenses incurred for office space, equipment, and supplies, and her foregone salary of $42,000 per year d. neither the expenses incurred for office space, equipment, and supplies, nor her foregone salary of $42,000 per year 14. If your company cell phone bill is either $40 when you use up to 300 minutes per month or $80 when you use between 300 to 400 minutes per month, the marginal cost of the 301st minute is a. $0.13Show MoreRelatedMarketing Plan For Whole Foods1390 Words   |  6 Pagesintervention in children’s nutrition and wellness. Aiming to eradicate the childhood obesity epidemic, Whole Foods works with schools and educators to emphasize the importance of fresh, nutritious meals (Peng, 2013). The researcher will review this case study on â€Å"Whole Foods† by examining the following information; †¢ From an institution-based view, how would you characterize Whole Foods’ strategy featuring its â€Å"heroic† purpose to â€Å"try to change and improve our world†? †¢ What are Whole Foods’ firm-specificRead MoreSupply Demand Paper Eco/3651105 Words   |  5 PagesSupply and Demand Simulation University of Phoenix May 9, 2013 ECO/365 - Principles of Microeconomics The Supply and Demand Simulation consist of microeconomics and macroeconomics concepts. The concepts are explained and how they apply to the principle of microeconomics and macroeconomics. The simulations presents shifts in the supply and demand curve, the rationale for the shift is given. Each shift is analyzed showing the effects of the equilibrium price, quantity, and decision makingRead Moreeco/365 week 2 individual1293 Words   |  6 Pagesï » ¿ Supply and Demand Simulation ECO 365 Supply and Demand Simulation The Supply and Demand simulation was reviewed on the student website demonstrated the concepts of the concepts of microeconomics and macroeconomics. The principles of microeconomics and macroeconomics were explained and applied throughout the simulation demonstrate the rationale for the shifts in the supply and demand curve. Each shift is analyzed showing the effects of the equilibriumRead MoreCosta Rica: The Accidental Green Tourist3597 Words   |  15 Pages Literature Review In the process of gathering scholarly debates on the topic of effectiveness of ecotourism with regard to socio-economic and environmental benefit, it was revealed how many scholars believe in the success of ecotourism. Case studies, found around the world, provide data that ecotourism has had a positive impact on local communities and the environment. Ormsby and Mannle conducted research concerning the impacts of ecotourism at Masoala National Park, a forested coastal area inRead MoreTeaching Sustainability For Children : A Transdisciplinarity Inquiry3779 Words   |  16 Pagesflow to document. Please add and take out what is not needed. Teaching Sustainability to Children: A Transdisciplinarity Inquiry Essay Debby Flickinger TSD 6526 ECOLOGY OF IDEAS California Institute of Integral Studies Abstract I was inspired by my own transpersonal experiences as a child, as well as an adult noticing the need for an improved curriculum (in which area, be more precise here). The purpose of my creative project is to engage childrenRead MoreMy Ideal Classroom4873 Words   |  20 PagesPaechter has taken a very negative view of organizing the curriculum content into a variety of areas of study or subjects. In my opinion, this allows a sound structure and organization to the broad areas of knowledge. For the purpose of the Foundation Stage Classroom, Language amp; Literature and Mathematics amp; Logic should be considered the core subjects. Science and Social Studies should be taught as Units of Inquiry. Language Other than English, Art, Drama, Music, IT and Health amp; PERead MoreSamsung Strategic Management5130 Words   |  21 PagesEnterprise packages are most powerful, innovative connected devices in the market, comprehensive and also best in class enterprise mobility solutions to meet today’s demand of a diverse mobile workforce. The  Ansoff matrix  is easy examples case study to identify the opportunities to grow Samsung strategic direction in today’s business in South East Asia region.  It breaks things into four segments depending on whether they look at new or existing products and new or existing markets.   Have a lookRead MoreJ.K Tyres and Industry Company Analysis14185 Words   |  57 PagesEntry 4.3.6 Perfect Substitution 4.4 Product/Market Analysis 5. Financial statement analysis 5.1 Accounting ratios 5.2 Cash flow analysis 6. Research project 6.1 Working capital analysis 6.2 Working capital ratio analysis 6.3 SWOT analysis 7. Detailed study of the company 7.1 Human resource department 7.2 Marketing department 7.3 Finance department 8. Conclusion Recommendations 9. Key Leanings 10. Annexure 11. References 1. Executive Summary In this project I have tried to analyze the tyre industryRead MoreEssay about Whole Foods Market16819 Words   |  68 Pages[pic] Business Policy and Strategic Management Spring 2009 Team C TABLE OF CONTENTS Section 1: Case Study of Whole Foods 1 1.1 Historical Background 1 1.2 Organization Mission 1 1.3 The External Environment 2 1.3.1 Remote Environment 2 1.3.2 Industry Environment 3 1.3.3 Operating Environment 3 1.4 The Internal Environment 4 1.5 Generic Strategy 4 1.6 Long-Term Objectives 5 1.7 Grand Strategies 6 1.8 Short-Term Objectives 6 1.9 Functional TacticsRead MoreCase 29 Panera Bread Company: Rising Fortunes?25159 Words   |  101 Pagesorganization. The mission statement should guide the actions of the organization, spell out its overall goal, provide a path, and guide decision-making. The mission of this Maxis company are : Today * Malaysia s leading mobile communications service provider Tomorrow * The nation s premier integrated communications service provider Vision   Defines and describes the future situation that a company wishes to have, the intention of the vision is to guide, to control and to encourage the organization

Prison Recidivism And Reentry - 3158 Words

Women in Prison: Recidivism and Reentry The study of recidivism amongst women in prison is important because most research focuses on the male population. The reasons for the â€Å"revolving door† phenomenon are different for women; therefore, their treatment should be more gender focused and specific to their needs. Judging by the rates at which women recidivate, you could assume that somewhere along the way the system has failed them. What role does drug use, motherhood, mental health, physical, sexual, and mental abuse play in the recidivism of female inmates? According to Stuart and Brice-Baker (2004), drugs have been one of the major culprits leading to incarceration and repeat criminal offenses among women in recent years. Drug offenses have the largest increase of any crime committed by female offenders. According to the Bureau of Justice Statistics (2012), the most serious offense for 59.4% of women in federal prison and 25.1% of women in state prisons is violatio n of drug laws (Carson Sabol, 2011). In addition, Stuart and Brice-Baker (2004) found that the rise in female criminal behavior and incarceration can be attributed to changes in women’s behavior and changes in the drug laws. The rate of drug sales, use, and addiction has increased, which has caused the number of women incarcerated for drug related crimes to increase. Although drug dealing has commonly been seen as a male dominated criminal activity, women have become more involved in the distributionShow MoreRelatedPrison : Recidivism And Reentry3158 Words   |  13 PagesWomen in Prison: Recidivism and Reentry The study of recidivism amongst women in prison is important because most research focuses on the male population. The reasons for the â€Å"revolving door† phenomenon are different for women; therefore, their treatment should be more gender focused and specific to their needs. Judging by the rates at which women recidivate, you could assume that somewhere along the way the system has failed them. What role does drug use, motherhood, mental health, physicalRead MoreThe Recidivism Rates Throughout The United States849 Words   |  4 Pages Just as the number of people in prison grows, so too does the number of people leaving prison. Research shows that 95 percent of all prisoners in the United States are released at some point (Katel 2009). The Department of Justice reports that more than 600,000 prisoners are released each year (John Oliver 2015). This means that hundreds of thousands of people reenter society and are expected to have learned from their time behind bars. Unfortunately, most of these people released back into societyRead MoreAmerica s High Prison Population1511 Words   |  7 PagesAmerica’s High Prison Population Since the 1970s, America’s prison population rate has risen 700%. Despite the U.S. comprising only 5% of the world’s population, it is the largest jailer with 25% of the world’s prison population with one in 99 adults in prison and one in 31 under some type of correctional control (Mass Incarceration Problems, 2014, p. 1). According to 2013 data, 2.2 million are currently incarcerated in U.S. prisons or jails (Incarceration, 2013, para. 1), a figure that indicatesRead MoreReentry And Reentry Initiatives : Jenifer1445 Words   |  6 Pages Reentry and Reentry Initiatives Jenifer Roberts Brown Mackie College TABLE OF CONTENTS ABSTRACT†¦ PAGE 3 INTRODUCTION†¦. PAGE 3 SUMMARY†¦.. PAGE 3 WHAT IS REENTRY†¦Ã¢â‚¬ ¦ PAGE 3 GOALS OF LAW ENFORCEMENT†¦.. PAGE 4 LAW ENFORCEMENT REENTRY INITIATIVES†¦ PAGE 4 REENTRY COURTS†¦.. PAGE 4 WHITE HOUSE OFFICE OF FAITH-BASED AND COMMUNITY INITIATIES†¦ PAGE 5 SERIOUS VILENT OFFENDER REENTRY INITIATIVE (SVORI)†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. PAGE 5 TRANSITIONRead MoreThe Strain On Taxpayer s Money Essay1429 Words   |  6 PagesBureau of Prisons, on average, it costs 31,286 dollars to house one inmate. Some Maximum-Security prisons cost as much as 60,000 dollars an inmate and goes on to name that the most expensive prison, Guantanamo Bay in Cuba, costs approximately 90,000 dollars a year (The Law Dictionary, 2012). While the thought of alleviating the cost associated with jails and prisons, is an unreachable goal, the goal of lowering the number of recidivist and in turn lowering overcrowding is attainable. Prison programsRead MoreLong Term Effects Of Reentry Programs On Reducing Juvenile Recidivism Essay943 Words   |  4 PagesEffects of Reentry Programs On   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Reducing Juvenile Recidivism   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   By: Tiffany Gilliam La Salle University PHLT 752: Capstone I Introduction Nearly, 5% of the world s population is represented by the United who possesses 25% of the world s prisoners (Liptak, 2008). Approximately 2.2 million prisoners are awaiting pre-trial and 1.6 million post-trial inmates are incarcerated in city, state, and federal prisons throughoutRead MoreThe Recidivism Reduction And Public Safety Act764 Words   |  4 Pages(Alcoholism and Drug Abuse Weekly 1). o The Recidivism Reduction and Public Safety Act of 2014: ï‚ § This act was introduced to congress by Senator Sheldon in 2013. The purpose of the bill was to reduce the prison population, reduce recidivism rates, and make communities safer. ï‚ § The act was passed by congress a year later in 2014. ï‚ § The act directs the U.S. attorney general to â€Å"conduct a review of recidivism reduction programs and productive activities which includes prison jobs offered within correctional facilities†¦Read MoreBeing Released From Prison : A Positive Outlook On Returning1075 Words   |  5 PagesBeing released from prison can be very hard and often the released do not have much of a positive outlook on returning to their communities and staying out of prison. These ex-offenders often return to an area that is disenfranchised and they themselves have a strong sense of anomie and disconnect. This coupled with the lack of resources, skills, opportunities, family ties, health issues, and the now added stigma of a criminal record often leads them back into the lives they may want to escapeRead MoreAn Offender Reentry Plan Will Keep the Citizens of Hawaii Safer.1709 Words   |  7 Pagesthe Department of Public Safety plays a key role in overseeing the management of jails and pri sons. Part of its role is to fulfill its mission of implementing a successful offender reentry program for all incarcerated offenders. This mission is mandated by the Hawaii State Senate Bill 932, Act 8 (Nakaso Kayton, 2007). The approval of this legislature was made in order to alleviate the problem of recidivism and stop the â€Å"swinging door effect.† The â€Å"swinging door effect† is defined as the repeatedRead MoreThe Effect of Rehabilitation and the Rate of Recidivism1727 Words   |  7 Pages With the highest incarcerated rate in the world, does the United States prison systems offer quality rehabilitation or just punishment? According to data from the Bureau of Justice Statistics, there was approximately 706 prisoners per 100,000 residents, or about 2.2 million prisoners in 2012 and within 3 years, almost 6 out of 10 released inmates will be rearrested and half will be back in prison. According to data from www.gpo.gov , the vast majority of prisoners are not rehabilitated. Two-thirds

Painting essay

Painting essay- Water Mill Fog Joseph Lawson Water Mill Fog Many artists attempt to provoke emotions and interest through there artwork; however, not all truly succeed. Though one artist that skillfully rouses sentiment and curiosity is Jane Wilson (b. 1924). One of her most famous paintings, Water Mill Fog (1966), has an intriguing sense of mystery behind it. It is an oil painting on canvas that is 60 X 74- 1/2. The title, Water Mill Fog, directly depicts the scene of the painting. In 1960, Jane and her husband moved to Water Mill, NY, where she was inspired by the beautiful landscape. She had a deep understanding of fog, which is revealed in her quote, lee always looked forward as much to the fog of Water Mill as to the clear weather. The fog. Like darkness, makes familiar places unfamiliar in ways that never seem to repeat. This gives a new depth to the title; showing her intent to infuse the piece with the sense of unfamiliarity, and mystery, The painting was made on a large scale, heightening the viewers sense of engagement. As someone stands in front of the painting, then they will be surrounded by a fog and the mystery of what it hides. Even the paintings lack tot frame gives the sense of vastness and openness, as if the fog extended beyond the painting. The tog helps organize the composition in a static and restful manner, Jane painted Water Mill Fog in a very impressionistic style. She focused on how the scene was perceived rather than the full reality of the scene, The techniques that Wilson used with oil paint veer very effective in making the atmospheric fog and giving the sense of an unveiled mystery The brush strokes are loose, large, and blotchy, making everything appear wispy, tactile, and soft The paint appears to be blend into canvas in many areas, making the objects of the composition soft and subtle. Most objects in the scene are composed of minimal brush strokes, Which takes away detail and gives the impression Of a fogs diffused blur. However, this composition has much more than just a fog over landscape. The painting has a large building in the background with a dirt road and trees in front of it. A car drives on the road with its lights on, bringing illumination and warmth to parts of the composition. All figures are blurred by the fog, and some of them even require stepping back to see. There is a heavy use of highlights on house gable and fascia that help the house from being blurred out entirely from the fog. The trees of the composition appear as light, vague, and plastic. The fog softens their texture by revealing only parts of the trees. The colors used in the painting help create the illusion tog. Only neutral colors were used and the hues vary only slightly to give the effect that objects blend into each other. The overall color tot the composition is a cool gray/tot white, giving the impression that both the color and shapes are altered by the fog. The overall experience with this painting is pleasant. The fog blends the soft colors in a way that gives the sense of stillness and airiness. Prom the quote mentioned above, it could be assumed that Jane Wilson wanted the viewer to both ponder and experience the unfamiliar _ The fog acts as a veil that covers the full reality of the scene. It leaves a great part of the composition unknown and invites the imagination to fill in the gaps. It captures the viewers by bringing then to a State Of interest, and then releases them with a sense of stillness.

Us vs. Eu Monetary Policy Essay Example

Us vs. Eu Monetary Policy Essay Introduction Today I would like to briefly compare monetary policy in the euro area and in the US. Of course there are differences between the two areas, but there are also important similarities. This comparison can help us understand the reasons behind their differences and may provide some useful insights into the institutional implications for euro area monetary policy in the future. I will structure my remarks around three themes: the policy goals of the two monetary unions, their organization, and the monetary policy decision-making process in each system. Goals and philosophy Let’s begin by comparing the goals or mandates of the Eurosystem and the Federal Reserve System. In Europe the primary focus of monetary policy is to maintain price stability. In contrast, the Fed has multiple objectives for monetary policy. Their goals are to achieve maximum employment, stable prices and moderate long-term interest rates. An important explanation for their different mandates can be found by looking at their economic histories. In Europe, monetary union is the most recent step in an ongoing process of political and economic integration. The hyperinflation experienced in the first half of last century in some European countries, in particular in Germany, has played an important role in ensuring that European monetary policy is focussed on price stability. Their experiences in Europe contrasts with those in the US. A key US event that commentators frequently refer to is the Great Depression. Monetary policy is often blamed for adding to the severity of the Great Depression in the US. That is a reason why employment and interest rate objectives remain in the Fed’s mandate, and why policy makers there react so quickly to signs of slowing economic growth. We will write a custom essay sample on Us vs. Eu Monetary Policy specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Us vs. Eu Monetary Policy specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Us vs. Eu Monetary Policy specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Under normal circumstances, policy makers on both sides of the Atlantic are likely to take similar decisions. However, around the time that the economic cycle is changing and growth is slowing rapidly, you might see different decisions being taken in Frankfurt and in Washington. In addition to the influence of history, the Eurosystem’s mandate reflects academic insights from the last 20 years or so. This research tends to support the view that monetary policy should only focus on price stability. Other central banks around the world that have reviewed their mandates in recent years have tended to move towards having price stability as their sole objective. Similar proposals have also been made regarding the Fed. If the Fed’s mandate were to change in the future, it is expect it to also be in the direction of a more explicit focus on price stability. Organization of the two monetary unions A second area in which their different histories have played a role is in the way in which the Eurosystem and Fed are organized. While the Fed was created ‘from scratch’ by the Federal government for a single country, the Eurosystem was established when twelve sovereign states voluntarily gave up their monetary autonomy. This is reflected in the fact that the Eurosystem is some ways more decentralised than the Fed. Greater decentralisation is consistent with the EU-wide principle of subsidiarity, under which decisions are taken at the country or regional level where possible. This greater degree of decentralisation is apparent in areas such as monetary policy decision-making and operation, banking supervision and statistics. However, the Fed can also be considered decentralised in other areas. In fact, when you exclude staff working on tasks unrelated to the monetary union, both systems have roughly the same number of employees. Clearly, this does not tell us much about the potential for efficiency gains, except that it is around the same in both systems. The European monetary union is made up of sovereign countries. That means that it is not politically or publicly acceptable to carry out all central banking tasks at the ECB. Their preference for subsidiarity also implies that there are limits to potential efficiency gains within the system. The pace of further centralisation is linked to the speed of further political integration in Europe. As long as there is no federal European state, It is expected that providing an independent view on national and euro area economic developments, within the context of area wide monetary policy, will be a key task for the Dutch central bank. Tasks related to financial stability and banking supervision will also remain part of their core business. In order to carry out these tasks effectively, they have to remain closely connected to the formation of monetary policy. We also have an important role in explaining policy ecisions to their citizens. Given the language, cultural and historical differences between countries, we should not underestimate the importance or difficulty of this task and the role of national central banks in carrying it out. These factors help explain the inclusion of national central bank governors in the ECB Governing Council, which brings me to my third theme. Decision-making in the two monetary unions The final area of comparison between the Fed and the Eurosystem I want to make concerns the process of monetary policy decision making. Both areas include representation from regions as well as from the centre. But, it is clear that in this area the US also has a more centralised system than the euro area. Washington-based board members form a majority on the committee that makes US monetary policy decisions. In contrast, the ECB Executive Board members form a minority in the ECB Governing Council. In both monetary unions, all decision makers, whether regional or not, are expected to make their decisions on the basis of prospects for the whole monetary union. This area wide approach is strengthened in Europe by ensuring that Council members are prohibited from taking instructions in their decision making. At the same time, national or European bodies are not allowed to put pressure on Council members. These provisions reinforce the fact that we are in the ECB Council on a personal basis, and not to represent national or other interests. In a few years, the size of the euro area will probably increase significantly. As you will all be aware, European history also lies behind their desire for enlargement. Most accession countries have announced that they want to join the euro area shortly after entry into the EU. Whether they should join the euro area so quickly is a point we could debate another day. Regardless of their views on that issue, the fact remains that we have to be prepared for a substantial enlargement of the Eurosystem in the next five to ten years. Consistent with the provisions in the Nice Treaty, the ECB Council is preparing its proposals on changes to voting procedures to accommodate enlargement. The reason for considering a change is to guard against the perception that their decision making could become inefficient, and that it could potentially be dominated by governors from small countries. In making changes, we must find a solution that retains the supranational character of decision making and does not renationalise monetary policy. This implies that the governors of all the national central banks should continue to be treated equally. At the same time, the Council must represent the Eurosystem as a whole, and be seen to do so – implying that it must not become too centralised. A solution that meets these criteria could involve some form of rotating membership for the governors of the national central banks, so as to limit the number of voting governors. This could be a variation on the Fed system, albeit more decentralised. Concluding remarks Differences in mandates between the Fed and the Eurosystem are important in understanding their respective decisions, and this is often forgotten. In addition, comparing the two systems sheds some light on where each institution may head in the future. Regarding their mandates, it seems that any changes in this area are likely to be in the direction of the Fed moving closer to where we and other central banks are, rather than the reverse. For organisation and decision making, the future is more difficult to predict. Any changes here need to take account of the political realities of monetary union between sovereign countries. Euro area monetary policy is supranational, so decision making has to be based on the euro area as a whole, and not individual countries. At the same time, the euro area consists of independent countries. That implies that there is a limit to how far the Eurosystem can centralise in advance of any political union. This reality has to be clearly reflected in their decision-making body.