Economic Theory - 1225 Words

Economic Theory Economic Theory Jose E Mendoza Allied American University Author Note This paper was prepared for ECN 150, Introduction to Microeconomics, Module 2 Homework Assignment taught by Nikki Follis. Part I After reading the two articles in Modules 1 and 2 related to Economic Theory (first,â€Å"How Did Economists Get It So Wrong† and second, â€Å"History of Economics Playground†), reconstruct what happened from 2006 through 2012 as it relates to microeconomic theory. Was there too much focus on the macro climate and not enough on the micro climate? Do you concur more with Krugman or Giraud? What is the basis for your opinion? Be sure to†¦show more content†¦The failure of DGSE models to predict the crisis or to provide useful policy guidance requires a return to the basic Keynesian insight that the economy can be far away from general equilibrium for long periods. The percetions in how Krugman see the market is this offer the observation of fresh-water economists since most of the neo-Classicists were in places like Chicago and Minnesota versus the salt-water economists, located in the universities along both coasts. Market economies work on the assumpti on that market forces, such as supply and demand, are the best determinants of what is right for a nations well-being. These economies rarely engage in government interventions such as price fixing, license quotas and industry subsidizations. While most developed nations today could be classified as having mixed economies, they are often said to have market economies because they allow market forces to drive most of their activities, typically engaging in government intervention only to the extent that it is needed to provide stability. Although the market economy is clearly the system of choice in todays global marketplace, there is significant debate regarding the amount of government intervention considered optimal for efficient economic operations. What I see happening in the market is the expansion of the technology, manufacturing and industry, international trade, transportation, and tourism. theShow MoreRelatedThe Theories Of Economic Economics1417 Words   |  6 Pagesnonm ainstream views. Although the mainstream economics is the one taught in school, its assumptions are there to achieve a certain outcome. The heterodox economist’s assumptions are based on the fact to eliminate extraneous factors. I believe that heterodox economics will start to be considered more in the world of academics and may take the place of the current mainstream economics. The theories of consumption have different viewpoints. Neoclassical consumer theory is the explanation of how consumersRead MoreThe Theory Of Economic Development984 Words   |  4 Pages With this inquiry I seek to establish the role of finance in economic development as presented by Joseph Schumpeter in his book, The Theory of Economic Development, [1911] The book analyzes elements that make up for economic development in a capitalistic society as viewed by Schumpeter. The elements mentioned include and revolve around the subject of finance. Finance is simply defined by investopedia.com as, â€Å"Finance is the science that describes the management, creation and study of money, bankingRead MoreThe Economists Economic Theory Essay770 Words   |  4 PagesJovanny Ibarra Mr.Nasr Economics 2 December 2016 The Economists What is the best way to earn money. To entrust on someone else like the government or yourself? Two economists, John Maynard Keynes and Friedrich von Hayek had two contrasting views on how the government should handle the market. Keynes believe on the government controlling the market while Hayek wanted the government to stay away from it. Hayek’s economic theory is right because it focuses on us as citizens to have responsibilitiesRead MoreThe Theory Of Economic Development Essay1477 Words   |  6 PagesThe theory of economic development has equipped the underdeveloped countries with a choice between ‘balanced’ and ‘unbalanced’ growth that has been one of the most tendentious topics. One group advocates the theory of Balanced Growth and refutes, in almost unequivocal terms, the virtues and utility of the doctrine of Unbalanced Growth, which the other group endorses with great insistence. These approaches towards economic development have been expo unded and interpreted in various ways in the literatureRead MoreThe Economic Theories Of Supply Side Economics1485 Words   |  6 PagesSupply-side economics is better known as Reaganomics, or the trickle-down economic policy. It is an economic philosophy that conveys the notion greater tax cuts for investors and entrepreneurs provide incentives to save and invest. This economic theory goes further to suggest that in turn, there are economic benefits which will trickle down into the overall economy. The key to answering whether supply side was successful is grounded in a sound understanding of what it is. Like most economic theoriesRead MoreThe Theory Of Economics As A Science1182 Words   |  5 Pageswants. The economists analyse the economic problems as it happens, without adding their feelings, thoughts or them owns assumptions. Economics is based essentially in scarcity, if there is not shortage there would be no need of Economics as a science. As there are limited resources choices have to be made in order to allocate resources and factor of productions. According to Anderton (2008:30) when this allocation happens, results in the origin of the different economics as complex networks made up ofRead MoreThe Theory Of Economic Growth Theory1703 Words   |  7 PagesLiterature review As an important and popular issue in the field of economic research, it attracts many economists and there are many models to explain economic growth. In the history of the development of economic growth theories, there are three important stages which are the Classical Growth theory, the Neoclassical Growth theory and the Endogenous Growth theory. To start with, the Classical Growth theory is based on the Keynesian theory and the representative one is the Harrod–Domar model. It was putRead MoreThe Theories Of Neo Classical Economics1608 Words   |  7 Pages4.1 Positive outcomes Based on the theories of neo-classical economics, Greener (2008) proposed two main types of benefits of the promotion of markets in welfare service delivery: 1) empowering purchasing power of service users; 2) improve competition and efficiency of providers. These benefits of marketization represent in the field of care for older people. First, the market provision empowers service users to ‘exercise consumer sovereignty’ (Greener, 2008) through greater opportunities of choicesRead MoreThe Economic Theory Of Adam Smith2094 Words   |  9 Pagespaper, I will examine the economic theory of Adam Smith, a historic and highly renowned economist and philosopher during the 17th century. Smith is often referred to as the father of economics, and is considered the first theorist of what we commonly refer to as capitalism. I will discuss his economic theory in relation to, and as illustrated by one of his original works. The Wealth of Nations was published in 1776, and is conside red to be one of the backbones or modern economics. In this book, SmithRead MoreEconomic Theories And Principles Of Healthcare2207 Words   |  9 Pages Final Milestone Part Two: Policy Research and More Sarah Harris Southern New Hampshire University Economic Theories and Principles Every healthcare organization in our country relies on financial and economic gains. In other words, without these two important factors, no healthcare facility would ever survive. For example, healthcare facilities rely on supplies, staff and the proper financial knowledge. In fact, the price and amount of healthcare supplies

Is Abortion A Violation Of Privacy - 934 Words

The lights are dimmed, romantic music is playing, the bedding smells like freshly cleaned linen while your partner’s scent is sweet yet sensual as they kiss and caress your body. The foreplay is indeed exciting and right when the two of you are about to reach the point of the start of an incredibly night, you both realize that none of you have condoms. This is a moment that you especially want to capture yet you are unwilling to possibly become a parent just yet. Time to take a trip to the nearest drug store! When asking the cashier for the item you and your partner are in need of, the employee informs the two of you that contraceptives are now banned and they have no more of any types of contraceptives in stock. Well, you have two options: prepare to possibly become a parent in 9 months or you can forget about having sex for a while. Many people in this situation would most likely agree that the banning of contraceptives is a violation of privacy. The â€Å"Unwritten right o f privacy† was a major issue in the 1965 court case, Griswold V. Connecticut where the right of privacy was newly founded as a fundamental right of the Constitution. This case back dates to 1879 when the state of Connecticut outlawed contraception which pertains to a variety of strategies to prevent pregnancy during sex. It became a crime to use or assist anyone in using anything to prevent conception. Several people were offended and acknowledged this new law as an invasion of privacy (griswold, 84). WhyShow MoreRelatedCivil Liberties vs Civil Rights Essay716 Words   |  3 Pagesintentionally cause harm. Civil liberties contribute to the protection of our personal choices, such as the right to abortions. The bill of rights is important to civil liberties because it does not allow the government to govern our personal lives. Unfortunately, with this war against terrorism, we have given those authoritative figures the ability to mandate new laws that invade our personal priva cy in the name of terrorism, such as the Patriot Act. In 1963, an eighteen year old girl was kidnapped and rapedRead MoreIs Abortion A Moral And Constitutional Issue?999 Words   |  4 PagesThese brave women have fought for changes in government, employment, education, and religion. The subject of abortion is no different than the battle for equality in wages. The topic of abortion as been a heated debate for generations. The right to abortion, as controversial as it may be, is still a fight for a woman’s right to choose. Many people can agree that the proposition of abortion is both a moral and constitutional issue. A person s right to choose what they want to do with their bodiesRead MoreFacts of the Case on Abortion913 Words   |  4 PagesTexas from criminalizing all abortions except the ones that would save the life of a mother. Texas had made it a crime to receive an abortion except when the doctor advises the mother have an abortion for her own health and safety. Jane Roe wanted a ruling that declared these Texasâ €™ statutes to be unconstitutional and also, she wanted to prevent the District Attorney from enforcing them. Roe alleged that she was pregnant and unmarried. She could not legally obtain an abortion by a licensed doctor becauseRead MoreAbortion Is An Intentional Termination Of A Pregnancy1521 Words   |  7 PagesAbortion is an intentional termination of a pregnancy during the first twenty-eight weeks. The debate of whether or not abortion should be legalized has been a key political topic for years. Based upon a survey done by the Pew Research Center, as of September 22, 2014 â€Å"a majority of Americans (55%) express the opinion that abortion should be legal in all or most cases; four-in-ten say it should be illegal in all or most cases.†(Abortion, n.p.). Abortion should be legalized based upon the mothers’Read MoreToday, One Of The Hottest And Most Dangerous Discussions1084 Words   |  5 PagesToday, one of the hottest and most dangerous discussions to have in the public square is about abortion. The polarizing viewpoints create emotionally charged arguments that often lead to nowhere. As society voices its opinion, it is the daily interaction of the legislative, judicial, and executive branches of the U.S. government that have and will impact abortion the most. The practice of abortion was completely changed and most influenced by the decisions of the judicial branch. Although AmericaRead MoreThe Rights Of The State Of Connecticut1224 Words   |  5 Pagesof counselling, to married persons for purposes of preventing conception. (along with with some other medical treatment) The conclusion is although that the constitution does not directly protect the right to privacy, the numerous zones in the Bill of Rights, do establish a right to privacy. The Connecticut statute conflicts with this right, therefore making it void. At first the case was on the side on Connecticut, until the case was later overturned by the U.S Supreme court on June, 7 of 1965.Read MoreThe Supreme Court Of The United States (Otherwise Known1382 Words   |  6 Pages one of them being Roe v. Wade 410 U.S. 113 (1973). This case was monumental for women s rights and the issue of abortion. Still to this day, it has been one of the most famous abortion cases in U.S. histor y. It all started in 1971 when Norma McCorvey (otherwise known as Jane Roe), filed suit against District Attorney Wade of Dallas County, for a Texas law that prohibited abortion, except to save the life of a mother if she was in some type of danger. This law was declared unconstitutional in theRead MoreAbortion Should Not Be Illegal Essay1123 Words   |  5 PagesAbortion is widely debated across the world and in 1973 Roe v. Wade would start an issue with ethical and legal issues. There are multiple cases arguing why it should or shouldn’t be lawful to go through with this procedure. Women should have the right to get an abortion as It is her rights to decide if they aren’t able to be able have a child, the woman shouldn’t have to rely on anyone else, she should be able to make this decision as they have to carry it for 9 months and endure the physical painRead MoreThe Death Of Roe V. Wade1571 Words   |  7 PagesDying to Live In 1973, Roe v. Wade ruled a state law that banned abortions, except in the cases of risking the life of the mother, unconstitutional (Garrow 833). The Court ruled that states were forbidden from regulating or outlawing abortion performed during the first trimester of a woman’s pregnancy, could pass abortion regulations if they were related to the health of the mother in the second and third trimesters, and pass abortion laws protecting the life of the fetus in the third trimester (PaltrowRead MoreThe Rights Of The State Of Connecticut1224 Words   |  5 Pagesof counselling, to married persons for purposes of preventing conception. (along with with some other medical treatment) The conclusion is although that the constitution does not directly protect the right to privacy, the numerous zones in the Bill of Rights, do establish a right to privacy. The Connecticut statute conflicts with this right, therefore making it void. At first the case was on the side on Connecticut, un til the case was later overturned by the U.S Supreme court on June, 7 of 1965.

Chemistry Energy Levels free essay sample

The energy of the subshell increases as follows:4slt;4plt;4dlt;4f * â€Å"4s† has the greatest probability of being close to the nucleus * Subshells are limited to # of electrons they can hold ( 2 electrons per orbital) s=21s orbital d=105d orbital p=63p orbitals f=147f orbitals Assessment * How many p subshells are in the 4th energy level (n=4)? 34px 4py 4pz * What is the maximum number of electrons that can occupy the 4p subshell? each p subshell can hold 2 electrons and therefore there are 3p orbitals with 2 electrons * What is the maximum number of electrons that can occupy the 4th energy 322n2=2(4)2 =2(16) =32 Creating Energy Level Diagrams * Used to show the relative energies of electrons in various orbitals under normal conditions * Each orbital is indicated by a separate circle/square * All orbitals of a given subshell have the same energy. Ie. The 3p orbitals in the 3p sublevels have the same energy * The spacing between successive subshells decreases as the number of subshells increases overlapping of shells having different values of n. We will write a custom essay sample on Chemistry Energy Levels or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Assessment 1. How many d orbitals exist? 5 2. How many electrons can exist in the 3d orbitals? 10-2 in each of the 5d orbitals 3. How many electrons can exist in the n=2 level? 8-remember 2n2=2(2)2=8 4. How many electrons can one 4f orbital hold? 14-2 in each of the 7f orbitals 5. Which has a higher energy a px, py, or pz orbital? They all have the same energy. 6. Which electron can be found furthest from the nucleus:2s or 3s? 3s electrons 7. Which electrons can be found furthest from the nucleus:2s or 2p. 2p is further. Fig. 3. 19 Arrow Orbital Notation Aka Orbital Diagrams * Use circles or squares for the orbitals and arrows for the electrons * RULES: * The Aufbau Principal- electrons will occupy lowest available energy level * Pauli Exclusion Principal- no two electrons have the same quantum numbers * Hund’s Rule – electrons remain unpaired for as long as possible. Ex: One electrons goes in each Px, Py, Pz, before they start to pair up Fig 3. 21 Electron Configuration Provides the same information as an energy level diagram but in a more concise format. * Li: 1s2 2s1 C:1s2 2s2 2p2 * Ne: 1s2 2s2 2p? Use the following concept map to help to determine the filling order of the orbitals: * The similarity among elements within groups and the structure of the periodic table can be explained by electron configuration * Li: 1s2 2s1 * Na: 1s2 2s2 2p? 3s1 Short Hand Notation -Use symbol of noble gas with the same core electron configuration: Ex. Na [1s2 2s2 2p? ]3s1 Or [Ne] 3s1 Some unexpected Electron Configuration * Example: Cru and Cu Expected Actual Cr: [Ar] 4s2 3d? [Ar] 4s1 3d? Cu: [Ar] 4s2 3d? [Ar] 4s1 3d10 In each case, an electron is borrowed from the 4s subshell and placed in the 3d subshell. * Cr-3d subshell becomes half-filled * Cu-3d subshell becomes full * Half-filled and fully filled subshells tend to be more stable * Other expectations: Ag: [Kr] 4s2 3d10 Au: [Xe] 4f14 5d10 6s1 Explaining Ion Charges * Remember s electrons are lost before d electrons when dealing with transition metals. Ex1. Zn Zn: [Ar] 4s2 3d10 Zn2+: [Ar] 3d10 (4s electrons are lost so that the 3d orbital remains full) Ex2. Pb Pb: [Xe] 6s2 4f14 5d10 6p2 Pb2+: [Xe] 4f14 5d10 6p2 (The 6s electrons are lost) Pb4+: [Xe] 4f14 5d10 (The 6p electrons are lost as well as the 6s electrons) Quantum Numbers * Electron waves (orbitals) can be characterized by a set quantum numbers, n, l, ml, ms Principle quantum number (n): * Identifies the energy of an electron in an orbital * All orbitals that have the same value of n are said to be in the same shell * Range from n=1 to n=infinity * Determines the size of the electron wave how far the wave extends from the nucleus * As n increases the energies of the orbitals also increase Secondary quantum number (l): Divides the shells into smaller groups called subshells * n determines the values of l * for any given n, l may range from l=0 to l=n-1 * identifies the shape of the orbital Value of l| 0| 1| 2| 3| Letter designation| s(shape)| p(principle)| d(diffuse)| f(fundamental)| Magnetic quantum number (ml): * splits the subshells into individual orbits * identifies the orientation of the orbital * for any given value of l, ml has a value ranging from +l to –l * e. g. If l=0, ml=0; for l=1, ml=+1, 0, -1 which correspond to the x, y and z orientations of the p orbitals.

My Last Dutchess Essays - My Last Duchess, , Term Papers

My Last Dutchess There are many things to look at when one tries to analyze a poem. Once he/she knows what the story is about, they could look at the speakers point of view, along with many other things. For Example: setting, language, figures of speech, symbols, atmosphere and mood, characterization, theme and conflicts are just some of the other methods that could be used. Finally, the analyzer should say what the whole poems underlying meaning is. The poem, My Last Duchess, is about a Duke who is describing his last duchess to a messenger of the Count. He says how beautiful she was and all the different things about her. She was a flirt, who would please a man whenever she was complimented. This behavior eventually caused the Duke to have her killed because he could not put up with her anymore. In the end, it looks like the Duke is trying to sway the messenger to convince the Count to let him marry the Counts daughter. The speaker in poetry is very important. He/She tells the reader what is going on and what meanings can be taken from the poem. Certain things can have different meanings, depending on who the reader thinks the speaker is. In My Last Duchess, the speaker is the Duke. He provides the reader with his side of the story of why his last duchess is dead. In the beginning of the poem, the reader thinks that his duchess is still alive, because of the comments that are made. This grew; I gave commands; Then all smiles stopped together. There she stands as if alive. This is the line where he tells the readers that her behavior worsened to the point that he could not take anymore. He gave the commands to kill her. All of her smiles at different guys compliments stopped at once. There she is, in this painting, standing as she did when she was still alive. The setting is also influential to the reader, because it gives them a background as to why the characters are acting the way they do. This poem is set in 19th century London, England. The setting is needed to understand the last section of the poem: The Count your masters known munificence Is ample warrant that no just pretense Of mine for dowry will be disallowed; Though his fair daughters self, as I avowed At starting, is my object. In that time, the husband was expected to ask the father of the girl for her hand in marriage. Then he was to ask for money to start out their lives with. The duke says that the Count is known for his generosity and that whatever the Count wants to give as a dowry, the duke will accept. He will be fair because, he is not looking for money. He is looking for the Counts daughter; she is the object for him. In conclusion, there are many different things one can do to analyze a poem. The speaker is an influential person on what point of view the story is. He or she makes the poem mean different things. The setting can tell a reader the background of why certain characters are acting and the way they do. It also helps the readers delve into the poem and maybe even put themselves in it. Poetry