Explanation of the graphics figures upon budget Assignment

Explanation of the graphics figures upon budget - Assignment Example The budget line implies that if Susan spent all her income on clothing she would be able to purchase OB units of it. If on the other hand, Susan spent all her income on food, she would be able to purchase OA units of food. If she allocates her income on both goods then all combinations of food and clothing she can attain are those on or within the line AB. Thus the triangle OAB defines the combinations of food and clothing attainable by Susan, given her income and the prices of food and clothing. Assuming that Susan is rational, and the law of diminishing marginal utility holds for both goods, and she has continuous and complete preferences, her preferences can be depicted by downward sloping convex indifference curves. Susan’s objective is to attain the highest possible indifference curve within the reach of her budget set. This is shown in figure 2. Figure 2: the utility maximising choice in Adelaide As shown above in figure 2, given her budget constraint, Susan’s utility maximizing choice in Adelaide is point E. She consumes OC of food and OD of clothing and this generates the level of utility denoted by the indifference curve IC1. Linda is aware that in Melbourne the prices of both goods are higher and that food is relatively more expensive than clothing compared to the situation in Adelaide. Therefore, with her present income (that she earns by working in Adelaide) Susan will be able to by lesser of both food and clothing. Additionally, because food is rela tively more expensive, not only she will be able to buy less of food if she invests all her income in food compared to the amount of food she would be able to buy in Adelaide, the reduction in the amount of food she can buy will be more than the reduction in the amount of clothing she will be able to buy. What this implies is that i) her budget line will shrink inwards and ii) it will be relatively more flat compared to her budget line in Adelaide. This is depicted in figure 3. Figure 3: FG - Susan's budget line in Melbourne if her income remains equal to her Adelaide income In the diagram above, FG is Susan’s budget line in Melbourne if her income remains unchanged. Observe that not only can she buy fewer amounts of either products, the reduction in her capacity to purchase clothing had she chosen to invest all her income in clothing, depicted by the amount GB in the figure above, is less than the reduction in the amount of food she can buy if she invests all her income in f ood, AF. This is implied by the fact that food is relatively more expensive than clothing in Melbourne. Figure 4: Susan's new budget set relative to her old preferred bundle and utility level. Therefore, as reflected in figure 4, Susan can no longer access the utility level denoted by the indifference curve IC1 and nor can she afford the commodity bundle she preferred when she was in Adelaide. Therefore her real income will fall if she has to move to Melbourne but her income is still as it was back in Adelaide. Linda, if she has to make sure Susan accepts the offer, will have to pay her enough to ensure that her real income is at least as high as it is presently in Adelaide. There are two possible ways of achieving this. I. If Susan is paid an income so that she can purchase a commodity bundle that places her again at the utility level IC1. This implies paying her an income over her present Adelaide income that will allow her to access her old indifference curve IC1. This would be w hat is termed as the Hicksian compensation. The idea is that Susan will be back at her old real income level if she has access to her old utility level. Figure 5: The Hicksian Compensation - PQ

George W. Bush Essay Example | Topics and Well Written Essays - 1000 words

George W. Bush - Essay Example This made an impact on the life of the young Bush. He also traveled far and wide soliciting donations and help from powerful people. (nurture) As a young boy, he was wise-cracking and strong-willed. This is due to his upbringing. He comes from a clan who is well-regarded in society. His constant companions were boys who belonged to politically-influential families and the elite in society. He was carefree, one time he was caught for painting a mustache in his face while in Music class. But he was a leader, President of his class and involved a lot in extra-curricular activities. Sometimes though, he was a problem to his mother because of some reports from school. As a college senior, Bush became a member of the secretive Skull and Bones, one of the oldest secret student societies in the United States whose past members included prominent personalities. He was described as extremely gregarious, but a notoriously poor dresser, made many friends, bridging the growing divide between the public school graduates who were entering Yale and the "preppies." He became a president of the Delta Kappa Epsilon fraternity and enjoyed parties, drinking, watching and playing football, and dating. He was booked on misdemeanor charge for being part of a prank that involved stealing a Christmas wreath for the frat house. Theories of Personality Freud's theory of personality - the Oedipal complex - works in this stage of the case study. The identification to the father is crucial in the development of the boy - the young Bush had incorporated the moral values and ideals of his president father and has identified himself to him, thus he himself struggled and worked hard to become president himself. As opposed to Freud's theory is the social learning theory which originated from the behavioral writings of Ivan Pavlov, John B. Watson, and B.F. Skinner. According to this theory, the process of learning is of central importance to personality development. Social learning theorists believe that people are influenced by the situations they are in. Bush was much influenced by the situation he was in. He was a student leader - president of a class - and was involved in activities that would make him a leader and a prominent figure in American politics. This means that his personality was learned from school and the environment. The social learning view of personality is vastly different from that of the psychoanalysis of Freud. Freud's concept of psychoanalysis focused on the unconscious mind, or the developmental states that are of primary importance to psychoanalysis. But social learning theorists focus their study of development in learning. Personality is something that is learned, or, the sum total of all the ways that people learned to act, think and feel. It is called social learning because the process is learned from other people. Personality is no more than learned behavior and that the way to understand personality is simply to understand the processes of learning. To social learning theorists, the key concepts in the study of personality are not the id, ego, and superego, as espoused by Freud, but classical conditioning, operant conditioning, and modeling. The

Information communication technology Research Proposal

Information communication technology - Research Proposal Example This research will explore and assess the used ICT and their impact on the performance of the Food and Beverage Department and Room Division of hotels from the perspective of employees. This research will examine (a) whether employees think that ICT is functioning in the two departments, and (b) whether they think that ICT has changed the manner customer service is provided and if retention of customer loyalty has been reinforced. Both quantitative—self-administered questionnaires—and qualitative—in-depth interviews—methods will be used as the study tries to find out observations, opinions, and views of line employees and managers. ICT provides numerous benefits for hotels. One of the most important benefits is improvement in customer service and customer retention due to the likelihood of direct and close communication with the customers. This study will look at the use of ICT in room division department and food and beverage department. As reported by Ham and colleagues (2005), because ICT has been evident to significantly affect competition, hotels have extensively depended on ICT to enhance customer service and customer satisfaction. Numerous researchers have discovered that there is positive correlation between application of ICT and quality of customer service. This study will examine how the room division department uses ICT to provide personalised customer care. Likewise, this study will examine how the food and beverage department employs ICT to provide premium food and service, manage bars, restaurants, and so on. After exploring how the room division department and food and beverage department use I CT, the research will examine how line employees and managers perceive the application of ICT in these departments and its impact on customer service and customer retention. Hospitality is service-oriented in nature, with its own unique attributes which

Planning and Enabling Learning Essay Example | Topics and Well Written Essays - 1500 words

Planning and Enabling Learning - Essay Example The 9th and the 12th academic year are the two most significant life paths that a student can pass through. Generally those two years guide the students to their chosen careers. To a greater degree though what will bring success in his/her life depends on the choice of subjects during these stages. Both parents and teachers play an immense role in directing children towards what education route to choose that would lead them to successfully university and career development. BTEC was established in 1984 and stands for the Business Education Council (BEC) and the Technician Education Council (TEC). BTEC course is based on continuous assessment rather than on annual exams. The BTEC course incorporates opportunities for work experience and gaining real life skills through case studies. BTEC course is designed to enhance the demands of employers in modern society and to allow students to quickly progress to their university degree. BTEC has proved its operational success and effectivenes s in the last 25 years and is gaining popularity as students are mo focused on day to day abilities and the course's flexible nature. Statistically, more than 1 million students enrolled on BTEC course for the academic year 2006/2007 (Edexcel BTEC Course, 2009).Institutions and students all around the world value the BTEC brand because it delivers excellent vocational qualifications that signify global recognition to the chosen area of studies. Practically it does not matter whether the programme is taught in London, Beijing or Dubai, since the quality assurance procedures assure that the candidates are awarded with standardized and internationally recognized qualifications. BTEC diplomas are organized to provide specialist work-related abilities in a wide range of sectors. BTEC courses equip students with valuable and lifelong skills and knowledge required for their career progress, and/or for the continuation of their vocational studies at higher academic level. During the BTEC course learners meet with professionals from the preferred industry in order to receive adequate consultation and the specialists to supervise the programme and progressive activities of the students. All BTEC seminars cover core and expert units, thus they have standard format and clear guidance about the requirements of the qualifications assessed. There is assessment criteria applied. The learners get Pass, Merit, or Distinction for each module of the programme. This means that the learners have to collect a number of points to obtain the overall Pass Grade for the programme. No external examinations apply in BTEC programmes (Edexcel BTEC course, 2009). When designing the cou rses providers work closely with employers from different sectors to create an inspiring atmosphere where students gain the skills they need to either start employment immediately after graduation or continue to a higher education. The subject areas that BTEC cover are: Applied Sciences Children's Care, Learning and Development Engineering Hospitality Languages Public Services and Security Art and Design Construction Hairdressing, Beauty and Related Therapies IT and Computing Media Sport, Leisure and Recreation Business, Management and Services Education and Training Health, Care and Counselling Land and the Environment Performing Arts and Music Travel, Tourism and Transport Services - Decide on the envisaged group and identify the barriers The envisaged focused group is 12 graders. The barriers that learners at BTEC course can face while planning and organizing his ideas are several. First of all, when one is attempting to clarify and comprehend the functions or operations of the studied course, students can rarely imagine properly the object itself. For example, it will be difficult to communicate how to use a computer for the first time if this is not visually demonstrated. In order for learners to study the subject, they have to get the object related to it. In this way they will experience it in various directions and will build

Adopting Linear Wireless Sensor Networks for Border Monitoring Literature review

Adopting Linear Wireless Sensor Networks for Border Monitoring - Literature review Example Any gap or monitoring loose within the borders might cause a severe damage to security of that country. In modern times the border patrolling has become a challenge and requires high degree of accuracy. It is a matter of national security and safe borders make up for safer cities. In past the border monitoring was conducted through manual means of physical check posts or the placing of an entire military unit. Technology has made things easier. The best form of border surveillance involves minimal human intervention which comes in form of installing of wireless sensor networks that detect the motion in the vicinity and respond accordingly. The border monitoring is done in various forms through use of technology. It is either done in form of satellite monitoring, or the cameras attached to the sensors, or in form of towers and other material being installed across the borders which serve as concrete obstacles and at times are contained with explosive materials. However these all need some sort of improvements and there is margin for increasing the efficiency on the borders. There are many existing systems that meant to be for border monitoring starting from fence and wall to very complex systems such as There is emerging interest in developing intelligent border monitoring systems to help countries protect their citizens Modern monitoring systems have much more demanding requirements: Large, busy and complex landscape, the use of heterogeneous technologies, the real-time acquisition and interpretation of the evolving landscape; instantaneous flagging of potentially critical situations in any weather and illumination conditions Real-time monitoring of landscape Variable topography: coastal plains, high mountains, dune, and large deserts. Existing Systems: Helios – Sponsored by British company Fotech Solutions. It consists of fiber-optic cables, lasers & detectors. Hellios is being implemented and proposed for surveillance across Southern Arizona borders in specific and other parts of America as well. It has number of features that separate it from the other existing border surveillance devices. It minimizes the hassle of wires, has considerably larger scale and accuracy along with synchronization with the G.P.S. GPS based Surveillance System: Global positioning system can either operate independently or in collaboration with the sensor networks. In the first case, through the satellites, the motion can be detected, and traced into forward positions, and in case of sensor networks, the alarms are being sent through the nodes which are tracked through the G.P.S devices and they enable further tracking of material across the no go areas. The use of GPS based surveillance system can be extended to the internet and HTTP protocol which will enable finding the record in the data base and hence reach the exact details of individuals. A general characteristic of G.P.S based surveillance system is the ability to detect weapons and other metal based material which might not be traced through conventional forms of surveillance devices. They enable identifying and detecting the movement done from the starting point and hence and tell what might be hidden inside the vehicles and other covered parts of the caravans in form of the business and trade goods that normally go pass the borders(Haggerty, 2010). Change detection Phenomena: This mode of the border monitoring system involves capturing and recording of image and information of a particular place at two different instances, mostly done through a satellite that monitors the activity and place constantly and records any difference that has occurred in a

How international relations affects some area of interest to you. One Assignment

How international relations affects some area of interest to you. One way to approach this is to write about your proposed course of study, major or future career - Assignment Example With the collapse of the Soviet Union, the main actors who try to shape the policy of transitional countries are European Union and Russia. In this context, the reflection of this uncertainty on domestic Ukrainian policy is evident. In particular, from the very appearance of independent Ukraine the ideas of either getting closer to Russian Federation or entering European Union struggle with each other within Ukrainian society. In addition, radical changes of the ideological representation within Ukraine’s executive and legislative branches are closely linked to the preferences of this country in its foreign policy. In the given circumstances, the clear position of Ukrainian society is even not visible. Thus, the comprehension of Ukrainian internal situation is impossible without the investigation of balance of powers between Russia and the EU, clarifying the dynamics of both Russian and European policies towards Ukraine, and characterizing the reflection of these international attitudes in Ukrainian internal environment. Consequently, in a given essay it becomes evident that Ukrainian society lives under the rules defined not in independent manner but by international context, because throughout the years its government has represented uncertainty in this dual choice concerning the direction of foreign policy. To start with, contemporary state of international relations is an outcome of Cold War era, as ideological struggle between modern Russia and Western world (in particular, the EU and USA) still exists. In the recent history of European region, the key manifestations of this rivalry appeared when transitional countries entered either European Union (like Baltic countries) or established by Russia Eurasian Customs Union (like Belarus) (Freedman 8). After the decision of Poland on joining the EU, Ukraine turned into the border country between these two ideological camps due to its geographical position. In this context, an

The Iron Lady Essay Example for Free

The Iron Lady Essay The Iron Lady BY sptke25 The Iron Lady If you lead a country like Britain, a strong country, a country which has taken a lead in world affairs in good times and in bad, a country that is always reliable, then you have to have a touch of iron about you. Margaret Thatcher, the first woman to lead a major Western democracy, spoke these words. She served as Great Britains Prime Minister for more than eleven years (1979-1990), and led with an iron fist bringing down inflation in England, reviving the British economy, reclaiming the Falkland Islands, and never wavering against the Soviets in the Cold War. Born as Margaret Hilda Roberts on October 13, 1925, in Grantham, Lincolnshire, England, she was the youngest daughter of Alfred and Beatrice Roberts. Her father was a local businessman who operated a grocery store where the Roberts family lived in an apartment above. Thatcher was introduced to politics by her father. He was active in the town council and later became mayor. She was accepted at Oxford University where she studied chemistry, although it took second place to her love of politics. Thus, she became politically active on campus. She was elected president of the student Conservative Association at Oxford which ave way to many political connections for her future. She ran as the Conservative candidate for the Labour seat of Dartford at the General Elections of 1950 and 1951. Although she lost both times, she did win fame for being the youngest woman candidate in the country, since during the elections; she was only in her mid- Losing never deterred Thatcher. She continued her involvement with twenties. the Conservative Party in Kent where she met her future husband, Denis Thatcher. They were married in 1951. He, being a wealthy businessman, funded her studies for the bar, and she became a barrister in 1953. It was that same year she and her husband excitedly welcomed their twins, Mark and Carol into their family. Even though a new mother, Margaret Thatcher did not slow down her political rampage. She kept focus and finally in 1959 she smoothly took the election and claimed her seat in the House of Commons. She was everything from Secretary at the Ministry of Pensions and National Insurance to Secretary of State for Education and Science. She gained many supporters, as well as fueling many protesters; especially when she felt forced to make cuts in the Educational budget and tossed out free milk in the schools. This action gained her the nickname, Maggie Thatcher, milk snatcher. Her popularity and fortitude as a leader rebounded quite nicely, and she became the Conservative Leader. On January 19th, 1976 Thatcher made a speech in Kensington Town Hall. During this speech, she boldly attacked the Soviet Union. Her most famous lines were: The Russians are bent on world dominance, and they are rapidly acquiring the means to become the most powerful imperial nation the world has seen. The men in the Soviet Politburo do not have to worry about the ebb and flow of public opinion. They put guns before butter, while we put Just about verything before guns. Ministry newspaper, Red Star. Although others may have been offended by this, Thatcher took great pride in gaining that reputation from a government she held little to no admiration for. During the winter of 78/79 an epidemic of strikes broke out across Britain. The trade union was demanding pay increases. The government in place at the time, the Labours, seemed to be losing the confidence of the public, so at the General Election of May 1979, the Conservative party won. Margaret Thatcher was now the Prime Minister of the United Kingdom. The first term of Thatchers Ministry was filled with economic pitfalls. She and her government put many long term goals into effect, which slowly proved to be successful. The economy was finally on the rise. Much political support was bestowed upon her because of this success, and re-election looked viable, yet that fate would be sealed by another event: The Falkland Islands. Argentina and Great Britain had been for years at odds with each other over the islands. The English had seized the Islands and remained in control of them since 1833. Yet on April 2, 1982 the Argentine troops invaded the island. They quickly were able to overcome the British marines stationed there. Margaret Thatcher working with the U. S. dministration hoped that a more diplomatic means would be possible while attempting to regain the islands, yet when this approach failed, she quickly and assuredly ordered military action. In doing so, Britain regained the Falkland Islands by June of 1982. The electorate was quite impressed and she swiftly won the 1983 election. Mrs. Thatcher was a staunch anti-communist and a supporter of NATOs decision to deploy U. S. Pershing and cruise mis siles in Western Europe during the Cold War. She also took a stand against anti-nuclear demonstrators at Greenam Common. The demonstrators were set on topping the delivery of the 160 missiles to be placed there. She also set the foundation for and delivered a modernized British Fleet consisting of Trident II nuclear submarines. She made her position quite clear as she stood with Ronald Reagan declaring that the Soviet Union was an evil enemy who deserved no No compromise, however, did not mean no discussion; Thatcher compromise. was not afraid to discuss the massive nuclear problem or the woes of communism with the newly elected Soviet leader, Mikhail Gorbachev. She found him to be extremely open-minded. He was willing to debate, argue his point, yet listen to the ther side. In an interview with CBS newsman Tom Fenton, she stated that he was the first person to have said: Look, all our hopes of communism are not being realized. It is not producing the standard of living, it is not producing the standard of technology, it is not producing the standard of social services. This total central control will not do, it will not do it, we have got to have more individual personal involvement. She felt that Gorbachev knew an increase of freedom was inevitable for improving his country. Thatcher found that she liked the man and was quoted as saying that she felt they could do business together.