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Economics

Economic Supply and Demand System Simulation

The concept of supply and demand system that exists in the overall standing of the general function of economy defines the condition of response that the market has upon what is offered by the industries and businesses. These responses are often based on particular impacting elements from the community that surrounds the environment of the individuals involved. In the simulation process that has been undergone through this project, three particular concepts of this economic system have been tackled. First concept to consider is that of the fact that the simulation intends to manifest a sense of control on how the business is able to manipulate its assets based on what expectations it has regarding the future performance of the organization in the market. Relatively, changing and adjusting particular operations currently undergone by the organization strongly creates an impact on how the market would respond to what the business offers. Understandably, such adjustments are based on the condition by which the environment also creates an influence on the thinking and the decisions of the people making up the buying market.

Categories
Economics

The nature of organization change

This chapter looks into the nature of organizational change and provides that not all organizational changes are similar. The chapter provides a clear distinction between these changes and in particular revolutionary change and evolutionary change. Revolutionary change or transformational change occurs in spurts, leaps and disruptions and is not incremental or in a linear fashion. The understanding in the chapter is that organizations do not develop in a linear set of stages but rather proceed without much happening and then they reorganize suddenly. The rapid change results from the need of the organization to move forward rapidly. The concept of deep structure, equilibrium periods, and revolutionary periods support the case for revolutionary change.

On the other hand, the chapter provides for evolutionary change, which is characteristic of most organizations, involves the improvement of the aspects of the organization with a view of yielding higher performance for the organization. In this scenario and unlike the case of revolutionary change the deep structure of the organization and its culture is kept intact and the primary mission of the organization remains the same. The changes brought by evolutionary changes can be modifications or installation of new systems and can result in significant organizational changes while not altering the structure of the organization.

The chapter further provides case studies on other functional organizations with a view of clarifying the differences between the two changes. These case studies provide an elaborate definition of the respective changes and put a clear distinction between the features of the two changes. The chapter provides for the distinction between these two organizational changes clearly and it provides an explanation of what each change entails.

Categories
Economics

Understanding the Ethical Issues Involved in Organizational Behavioral Change

An Article Analysis Based on Organizational Case Information

The main purpose of this article is to focus on the key issues that concern the assumptions of ethical management especially involving human resources. Considering behavior as a key element in establishing a common business culture among members of an organization, this discussion shall be related to the actual case being handled by SOS Leadership Institute, the business in focus.

Categories
Economics

Employees suspecting fraud and customer misleading.

The case study is based on the ethics and responsibilities of employees suspecting fraud and customer misleading. The story of Cynthia Cooper shows the considerations, motivations and concerns behind her decision regarding the financial discrepancies at WorldCom. She is a committed employee who loves her job. By taking part in the whistle-blowing she would have risked the reputation of the company, her own and her colleagues’ job as well.

Categories
Economics

Theoretical Foundations of Organizations and Organization Change

The paper reviewed details two different theories related to organization change: open-system theory and a theoretical synthesis. It uses theories from sociology and political sciences, trying to apply them on organizational change and its challenges, practices and frameworks.

Categories
Economics

The Future of the Euro?

Categories
Economics

Immigration Affect The Economy

Problem statement

One of the major issues United States faces is that of immigration. Immigrants have moved legally and illegally into most cities in the United States. The recent trends in immigration in the city of Boston have generated immense concern. The effects of immigration on the median household income in the metropolitan areas in the United States particularly Boston, are the motivation behind writing this paper. The paper aims at identifying the median household trends in the United States especially in areas coupled with immense immigration.

Categories
Economics

Economic Appeal Letter

Economics Appeal Letter

To Whom It May Concern:

Currently, I have 3.92 cumulative GPA after completing 69 units at Diablo Valley College (DVC). Prior to that, I completed 66 units at National Chung Hsing University (NCHU) in Taiwan with a cumulative GPA of 2.69. This is why I have an excess of 80 units and my GPA fell to 3.01 at the time of application to UC, Berkeley.

I would like to use this opportunity to explain the reasons behind my low GPA at NCHU because it would give you a more realistic picture of the whole situation. When I was a freshman at NCHU, poor stock investments by my father endangered the family’s financial future and fights between my parents became almost a daily occurrence. This caused huge emotional stress for me because I almost started fearing the possibility of divorce between my parents. Not surprisingly, family stress spilled over to academics and as a result, I had poor grades during first year of school. The stock market situation didn’t improve second year either and rapid decline of thousand points over just a week due to uncertain political climate cost my father an additional $200,000. The deteriorating financial situation even forced my father to join a loan club but the originator of the loan club embezzled the money and disappeared.

I was only 19 at that time and the fear of potential divorce between parents as well as a bleak financial future of the family proved too much for me to handle emotionally and I ended up getting only Cs and Ds in the second year as well. By the end of the second year, I knew I had to do something and the only alternative was to drop out of school to work full time in order to pay family’s debt. But I had to return to school after one year because temporary suspension in Taiwan only lasts one year and an absence longer than a year results in expulsion from the school. Even though I restarted school, I still had to keep the 60-70 hours a week job for financial reasons. I managed for a while somehow but the reality soon kicked in and I again dropped out from the school, ending the fall 2006 semester with D grades as well. I felt guilty but I also love my family and knew I would never be able to concentrate on academic responsibilities until my family’s finances have improved.

Completing 80 excess units has also hurt my admission prospects because UC took my grades at both NCHU and DVC into account. I believe a more realistic assessment should exclude 66 units at NCNU because my majors and the education systems in U.S. and Taiwan have been quite different. My major at NCHU was Horticulture while it has been Economics at DVC. When I came to the U.S., I decided to have a fresh start which is why I desire to give up on the units I completed almost 7 years ago and in which my academic performance was negatively affected due to my precarious family situation. I hope UC, Berkeley could reconsider my application and only take into account my grades at DVC which are more realistic reflection of my scholastic aptitude.

My academic performance at DVC is not the only indicator I will do well at UC, Berkeley but also my willingness to take on challenges and successful deal with them. When I came to the U.S.in fall 2010, I didn’t speak English and it was my first time being in a culture totally different from my own. Before coming to the U.S., I had only taken one English language course and that, too about 7 years ago. But I was determine to become proficient in English as soon as possible which is why I sacrificed a lot of sleep during my first year at DVC. In addition to full-time academic workload, I would also work on English language skills and it was not uncommon for me to sleep at 3-4 am. My efforts paid off and my essay in ESL course would often be represented as an example of tremendous progress by the course instructor.

Similarly, my average in Calculus and Analytic Geometry II was 100% (including extra credits) and I scored A grade in all the courses except one B. In addition to my academic responsibilities, I was also highly engaged in campus co-curricular activities including being an officer in two clubs. I live by the philosophy that there is little you can do about the past but you can always shape the present and the future as you desire provided you are willing to spend the required efforts. My academic performance in Taiwan was not impressive due to circumstances outside my control but since I have come to the U.S., I have demonstrated the willingness to do whatever it takes to succeed. This is why I believe that my time at DVC reflects more accurately who I am than my distant past in Taiwan.

I am particularly interested in Economics major because my family experiences have helped me realize the importance of adopting economic principles in everyday life and adopting a disciplined approach to financial affairs. I understand that Economics major is quite popular at UC, Berkeley and the slots might already have been filled, thus, I won’t mind being admitted into the batch for the Spring 2014 semester. I would also be fine with being admitted into a related major such as Political Economics or Environmental Economics. I am more confident of my abilities now than I have ever been in the past and believe that through hard work and perseverance, I will carve out a bright future for myself. I sincerely hope UC, Berkeley will reconsider my application and provide me with an opportunity to realize my true potential.

 

Sincerely,

 

 

Categories
Economics

Global Energy Barriers and Impact of Technology

Introduction

This essay aims at modern technology impacts on non-renewable energy sources uses and advancement brought by these technologies to use these limited energy sources in the country. The paper examines barriers to economic growth of Germany due to lack of energy sources and finally figures out how the country has overcome this issue.

Analysis

The technologies of nonrenewable energy have a tremendous potential within Germany and the realization of the potential can be done at the costs that are reasonable. It has been shown by the market research that a large number of customers are likely to purchase nonrenewable power irrespective of taking into consideration greater cost of that than the conventional kind of power. But both experiences well as the economic theory give the indication of significant base of the market as well as failures of the market which are going to put a limit to the development of the renewable kind of technology until and unless there is the enactment of special measures of policy for the encouragement of that development (Keles, 2001).

Categories
Economics

Best Buy and Globalization

Best Buy is a multinational retailer which sells products including consumer electronics, computing and mobile phone products, entertainment products, and related services through both brick-and-mortar retail stores as well as internet stores (The New York Times). The company operates in several regions including North America, Europe, and Asia (Reuters). It is not a surprise that Best Buy competes in both domestic and international markets such as Canada, Mexico, and China because the products and services it sells have global appeal. Globalization has also led to quick dissemination of technology, products, and services which is the time gap between the introduction of products and services in developed countries and developing countries has been declining. As a result, more and more products and services now enjoy a global demand.

Categories
Economics

Worries About Exploitation of Labor in Developing Countries

One of the biggest criticisms against globalization is that under globalization developing countries are becoming more competitive by exploiting their labor. Critics argue that as a result of globalization multinational corporations and developed economies are taking undue advantage of labor of developing countries. But this is not true and hence this argument cannot be supported.

Categories
Economics

How has economic globalisation differentially affected the underdeveloped South and the developed North?

Virtually any discussion about the contemporary state of politics, geopolitics, economics, industry, technology, medicine, communications, sociology, and even religion must either reference –or actually be framed in- the overarching context of “globalization.” Despite the ubiquity of the term, however, there is not clear consensus about what “globalization” actually means (Kellner 2002); how one defines the term is often determined by ones’ perspective on the aforementioned (though admittedly incomplete) list of contemporary discussion topics. As problematic as it is to define globalization, it is equally problematic to determine whether globalization is, on the whole, beneficial or deleterious (Scholte, 2008). It is clear that some have benefited from globalization, while others have not. Nowhere is the divide between those two sides more clear than in examining the effects of globalization as manifested in the northern and southern halves of the globe (Kacowicz, 2007).

While the search for a definition of the term globalization will turn up many different responses, it can at the very least be understood as the manner in which nations around the world are growing increasingly interconnected, though industry, communications, travel, and myriad other ways. This movement towards interconnectivity has increased geometrically over the last few decades; the very term “globalization” was virtually unknown until the tail end of the 20th Century (Houghton, 1995). While the inexorable growth of globalization has been accepted as given, questions still remain about how, exactly this growth functions.

The concept of “globalization from above” posits that globalization is not a lateral, rising-tides-lift-all boats phenomenon, but is instead a system of pressures placed upon the economically or politically weak by those nations, organizations, or even individuals with economic or political power (O’Byrne and Hensby, 2011). This perspective on globalization has been described as a form of totalitarianism (Friedman, 1999); while such an assertion may be a bit melodramatic, it does succinctly embody the disparate concerns that the negative effects of globalization can engender.

Categories
Economics

Bollywood cluster module: microeconomics

Introduction

The film industry in India has experienced positive growth; a factor which best explains the expansion of the service industry in the country. India is one of the largest film producers in the world the film industry is bigger that of the USA by size but generates very low revenues. Bollywood is considered one of the lucrative film clusters in India that produces the biggest of share of films. The cluster is the dominant producer that produces more than 40% of the films in Hindi language. The cluster which is located in the Maharashtra within the city of Mumbai is  as one of the drivers in the economy of the region.  The success of Bollywood cluster can be attributed to the unique product offering that is customized to inculcate the elements of romance and comedy that is coupled with symbolically illustrative songs. Bollywood has remained a major player in the Indian film industry capturing a bigger audience across the world. The initiative by the Indian government to recognize the film business as an industry that deserves good capital endowment has also lead to the expansion of the industry (Ernest & Young 2007a).

Categories
Economics

Government and Economy

In an online editorial opinion on Bloomberg, the authors report that the U.S. Government may have to buy 400,000 tons of sugar from the processors to save them from defaulting on government loans. These loans were taken by the processors due to lower prices last year and prices have further declined since then. This sugar is meant for ethanol producers who would pay 10 cents per pound less than the government. In other words, the government is subsidizing the sugar purchase by ethanol producers. Even though this policy costs the government, the supporters argue it helps protect jobs in the sugar industry. The authors criticize this subsidy program by the government and argue that the benefits accrue to few while costs are borne by many. The authors also criticize U.S. Government subsidies to the overall farming industry which total $25 billion. The consumers do not only pay through higher taxes but also through higher prices which would be lower without protection from the competition. Due to government’s protectionist policies such as import restrictions, sugar prices are 18.8 cents per pound higher in the U.S. than the world market price (Bloomberg).