International economics Assignment Example | Topics and Well Written Essays - 500 words - 1

International economics - Assignment Example 4. A debtor nation is that which has a negative balance of trade owing to numerous debts owed to international financial institutions while a creditor nation is that which has a positive balance of trade. Entries like exports, loan receipts and investments constitute surplus, hence indicate creditor status while those entries like amount expenditure, are considered deficits and indicate a debtor status (Becker 123). 5. Exchange rate refers to the market rates at which a given currency trades in relation to others. Depreciation refers to the decrease in a country’s exchange rate while appreciation is the decrease in a country’s exchange rate. Arbitrage is the systematic purchase of a good or service from one location at a very low price, and selling it in another location at an exceedingly high price. In exchange markets, arbitrage is used by traders by exploiting weaknesses in computerized systems to make quick profits (Becker 123). 6. Purchasing parity refers to a system normally used in determining various currency values in relation to others. Purchasing power parity would hold when the price of commodities were equal in all countries (Becker 223). A free market economy where goods enter and leave borders may make purchasing parity a good estimate of a country’s currency. 7. The following shows how exchange rate growth is closely connected to differences in money growth, and real output growth across countries whereby the growth of real output leads to a money growth, which subsequently leads to increase in the exchange rate 1. The supply curve is upward sloping since the increase in the supply of Canadian dollars leads to an increase in the value of Icelandic Krona. This may arise due to increased inflation in Canada and poor monetary economic policies. 9. The above graph shows that an increase in the Canadian dollar value leads to a corresponding decrease in the value of the Icelandic Krona. This may take place due to an increased demand

International Perspective in Organisation Coursework

International Perspective in Organisation - Coursework Example Global justice has been regarded as an issue that has attracted concern among global justice scholars. One of the key concerns about this issue is the fair distribution of global resources and the role of global institutional order in light of global poverty. Corporations should be seen as agents of global justice and (David Held, 2002).A number of questions can be asked about this topic, have organization been successful in the promotion of global justice? What efforts are put by corporations to promote global justice? Some scholars regard corporations as secondary agents of justice in powerful states and can also act as the primary agents for states that are weak or that have failed. However, other scholars present different arguments about the issue of global justice with respect with corporations. Corporations and their business enterprises can bring benefits or can harm the BoP in different direct and indirect ways. For example, corporations bring direct and positive effects on the economies on nations that are developing by the transfer of both managerial and technical skills and knowledge ( Blake 2012). The Rawlsian theory also presents a different perspective on the role of corporations in the promotion of global justice called the dualism theory. This theory advocates for a social cooperation in which major institutions emerge into one system and the equality in the assignment of fundamental rights and duties. Firms can also contribute positively through the use of technology and also advancement of business infrastructure(Rugman and Doh 2008).Firms and corporations can also cause negative impacts on the BoP,for example this can happen directly when the members of the BoP are harmed by the corporation’s products or labour conditions.Indrect harm can occur when the operations and processes of a corporation cause harmful effects on the external environment such as air pollution, water table drainage or the

Management (Bounded rationality) Essay Example | Topics and Well Written Essays - 1500 words

Management (Bounded rationality) - Essay Example Emotions act on a wide range of situations causing biases and errors (Rabin 1998). In short this means that in certain circumstances the complex, human logical apparatus ceases to process rationality, which establishes grounds for the emergence of bounded rationality. "The other is that in interactive situations of complication, agents cannot rely upon other agents they are dealing with to behave under perfect rationality, and so they are forced to guess their behavior. This lands them in a world of subjective beliefs, and subjective beliefs Bounded rationality plays on suggestion. Bounded rationality could affect managers, because there is not enough information for the manager to make the rational decision. In such occasions, he has to rely on suggestive guesses and interpretations. This may create errors and mistakes in the strategic course that the organization is taking. Beach (1996) describes the implicit favorite model of decision making. First, the need for taking a decision is determined. Then, alternatives are identified and a selection for the implicit favorite alternative is chosen. Afterwards, criteria must be established to match the implicit favorite and alternatives a compared with the implicit favorite criteria. At the end the implicit favorite is confirmed and finally selected. ... The selection can be influenced by the salary, proximity of the office, extra working hours, business trips and job position. How could you utilize the intuition in making your decision And when The business world is a dynamic one and recently is has become less structured too. Thus, managers are forced to use their intuition in essential situations especially when there is lack of information. Intuition is often mistaken for emotions, though. Although intuition is formed in subconscious level, the intuitive decision making is a combination of quick qualitative and quantitative analyses (Quinn 1980). Intuition can help decision making, because it is based on past experiences and knowledge deeply rooted in your subconscious rational thinking. Thus, relying on our intuition can aid us in situations when there is little information available. Intuition can be used in situations when the circumstances are rapidly changing and there is no time for analyses. Intuition is needed also in expedient decision making when the problem is poorly defined and structured. If the deal is not structured, incomplete, there are conflicting points or ambiguity, intuition is required. Perceptual blinder is one of four reasons that increase the escalation of commitment, list the other three and elaborate on the Perceptual blinder We can define escalation of commitment as the tendency to invest additional financial resources in seemingly losing non beneficial projects, because they cost already lots of efforts, money and time. The perceptual blinder can influence the escalation of commitment on the bases of emotions - fears or anger. Staw and Ross (1987) summarized several reasons for the formation of

The Boeing 757-200 Research Paper Example | Topics and Well Written Essays - 1750 words

The Boeing 757-200 - Research Paper Example Changes included wing design and engines. Aim This essay will discuss the unique aerodynamic characteristics of the Boeing 757-200. Boeing 757-200 The Boeing 757-200 entered operational service in 1983 and featured numerous design enhancements in the areas of propulsion, aerodynamics, avionics and materials, aimed at meeting its medium haul clients requirements of increased fuel efficiency, decreased noise and increased operational performance (Boeing). The aircraft was available in passenger and freighter configurations, with a maximum takeoff weight of 255,000 pounds (lbs) providing increased payload or range (Boeing). To achieve these enhancements, modified or new design features included; Wing design, Engines, Improved light weight materials, and Modified flight station instrumentation. Wing Design The 757-200’s wing is swept at 250, has a longer span, higher upper surface camber and lower under surface camber, combined with sharper leading edges (Boeing). Relating these f eatures to the lift equation: Lift= CL x (? p V2) x wing area (s), where CL is the coefficient of lift and p (rho) is density, (Dole and Lewis, 2000), as the wing area has increased, this, along with the increase in camber (increasing CL), means that lift is improved. Additionally, as wingspan increases, wingtips are farther apart which reduces the impact of trailing vortices on the wing and decreases induced drag (aerospaceweb). The 757-200 wing shape is a supercritical airfoil (Figure 1) (aerospaceweb). This is commonly used on aircraft that cruise at transonic (less than Mach 1 (Dole and Lewis, 2000)) speeds and is designed to reduce drag through delaying the speed at which the compressibility effect becomes significant (Aerospaceweb). Compressibility effect is the increase in density at an aerofoil due to forward motion (FAA, 2001). Figure 1: Boeing 757 wing airfoil section The differences in pressure distribution over the supercritical airfoil can be seen in comparing between t he conventional and supercritical sections, as seen at Figures 2 and 3 (aerospaceweb). Figure 2: Pressure distribution over a conventional airfoil Figure 3: Pressure distribution over a supercritical airfoil Figure 4 (aerospaceweb) shows the coefficient of lift versus angle of attak for the 757-200 wing section. Figure 2: Boeing 757 wing airfoil section lift coefficient The aerodynamic benefits of a supercritical airfoil is related to critical Mach number. Accelerated airflow over an upper airfoil section due to wing camber can reach Mach 1 where the aircraft Mach number (speed) is lower. The speed at which the flow over the wing surface reaches Mach 1 is called the critical Mach number (FAA, 2001). As speed increases above the critical Mach number, areas of supersonic flow are created over the airfoil surfaces. This is accompanied by a shock wave which varies pressure and density. An adverse pressure gradient is created by slowed airflow, inducing higher pressure, which may result in a rapid separation of the airflow from the surface of the airfoil. This separation creates an area of turbulent wake resulting in rapid increases in drag. The Mach number at which this begins to occur is known as the drag divergence Mach number (FAA, 2001). The benefits of a super critical airfoil in combination with swept wings are that the critical Mach number is close to one thereby delaying and reducing the large increase in drag due to wave drag (aerospaceweb). In addition to the above, modified wing sweep enables the optimal combination between required cruising speed, CL and drag divergence (FAA, 2001), whilst the sharper leading edge reduces parasitic drag (Applied Aerodynamics, 2007). It is considered the sharper leadi

Conducting a Literature Review Data Collection Essay

Conducting a Literature Review Data Collection - Essay Example For instance, the mothers’ smoking habit also increases the probability of ‘physician-diagnosed asthma and wheezing’ after first few years of birth. For instance, the unborn children in uterus were found vulnerable to asthma and adverse respiratory effects primarily because of maternal smoking. 1.2 – Maternal Smoking and Low Birth Weight Veiga & Wilder (2006) conducted an extensive research on maternal smoking habit during pregnancy among African – American and Caucasians in American society. The authors actually based their research on previous findings of 180 – 200 gm weight deficit among new born children whose mothers smoke during pregnancy. Their new research results augmented the weight losses as the researcher revealed that maternal smoking is noxious for health of unborn children and that the smoking causes weight loss of 200 – 230 gm. For instance, the probability of low birth delivery (LBD) among smoking mothers during pregnan cy is twice than that of non-smoking women. In addition, the demographic factors such as race, marital status, age, education and income level also impact the results since greater percentage of LBDs had been recorded among Caucasians in comparison to Afro – American women.

Is capital punishment a good sentencing option Essay

Is capital punishment a good sentencing option - Essay Example Colon-Cruz), declaring it unconstitutional (Bedau, 190). Essentially, capital punishment may be referred to as â€Å"the taking of a criminal’s life by an organized society in view of his crime† (Moreland and Geisler 1990, 103) In the US, the legal methods to carry out the death penalty through the years are as follows: lethal injection, electrocution, gas chamber, hanging. Arguments in favor of the death penalty can be classified into three: utilitarian, retributive and egalitarian. The first is that view which holds that enforcing capital punishment would serve the common good because society would benefit from it by deterring crime either by discouraging future offenders or by incapacitating the criminal. Many view the utilitarian argument as a forward-looking and objective perspective since it weighs both the cost and benefit of the penalty. The retributive argument, meanwhile, follows the classic â€Å"an eye for an eye, a tooth for a tooth† principle. There is no thought given to what the society may reap or achieve from the act of killing an offender. What matters is that the criminal should be punished because he deserves it. Finally, there is also the egalitarian point of view. Here, capital punishment is seen as part of the principle that all people must be treated the same and that too little punishment may constitute an injustice for a criminal that has committed a far grievous crime. On the other hand, proponents who object to capital punishment argue that it violates the right to life, that it is inhumane and actually do nothing to deter crime. As one would find, the arguments are anchored on what is moral and in some areas dwell in the utilitarian line of reasoning as well. Many of those who favor the abolition of death penalty cite the â€Å"inalienable right to life† which Thomas Jefferson himself has eloquently stated in the Declaration of Independence as â€Å"Nature’s Laws† given by God and that no man has the right to

Double Standards Every Woman Should Know Essay Example for Free

Double Standards Every Woman Should Know Essay For this book analysis I chose to read a book from this list of books that hasn’t been mentioned much in class. We have been talking about God and topics that are more controversial in society. I read the book He’s a Stud, She’s a Slut, and 49 Other Double Standards Every Woman Should Know by Jessica Valenti. This book was easy to read with Valentis short essays and thoughts on modern feminism, stereotypes, and heightening ones awareness to pervasive myths about women. Double standards are nothing new. Women deal with them every day. Take the common truism that women who sleep around are sluts while men are studs. None of the information was really unexpected or suprising to me because it’s all true. Every women is stereotyped by the way she talks, the way she dresses, her personality, etc, while a man isn’t really stereotyped because people think it’s ok for men to do the things they do, that it makes him look like a stud not a player. The examples Valenti uses are familiar and widespread: he’s tough, she’s a tomboy; he’s a bachelor, she’s a spinster; he’s angry, she’s PMSing; he’s successful, she’s a showoff. Perhaps the most widely cited is the â€Å"he’s the boss, she’s a bitch† scenario, which has been the subject of countless editorials in the past decade. Some of the questions I was seeking to answer when reading this book were am I a feminist? What can feminism do for me? This book made me realize I am a feminist. I believe men and women should all have equal rights and opportunities. Some people may not want to admit they are feminist because they think that feminists are mean, angry, man hating, hairy, lesbians, but they really aren’t. In all of reality feminism refers to movements aimed at establishing and defending equal political, economic, and social rights and equal opportunities for women. Some questions that have arisen are why is it that men grow distinguished and sexily gray as they age while women just get saggy and haggard? Isn’t it unfair that working moms are labeled bad for focusing on their careers while we shake our heads in disbelief when we hear about the occasional stay at home dad? 3a. â€Å"When I was in high school, I had a reputation—a bad one,† she writes. â€Å"It felt, at the time, like the reputation†¦had materialized out of nowhere. And I was confused.† That experience helped to shape her fascination with how the prevailing culture puts men and women into different categories, even when they act in the exact same way. She was categorized because of her sex which wasn’t fair to her, and it isn’t fair to many other women that are being categorized because of their sex. Men aren’t any better then women. 3b. When Valenti said â€Å"He’s dating a young woman, she’s a cougar?† Really? I thought men were cradle robbers. Men aren’t studs anymore, they’re usually players or, simply, douche bags. I probably agree that some double standards do exist but I tend to think that this whole patriarchal society thing, while it is somewhat valid, is honestly most often perpetuated by women j udging each other.