Economic History and Current India Essay

There have been recent studies of the entire history of the economy of india where it is possible to ananlyse where india stood its place in past and where it is currently held. Paul Birog made a thorough analysis of Asian countries GDP economic development of 1750-1918 where surprisingly the findings in 1700AD drawn economic statistics of world . China had 32. 8% GDP where as as india had 25% . UK at that time had 1. 8% GDP along with 1% GDP in USA. By the time of 1900 there was a total reversal of paradigm shift where US and UK had GDP growth of 41% whereas China and India suffered 1. 7% GDP overall. The western research shows that india was a economic giant . London economist Angus Madisson in 1990, one of the greatest british economist of all time was appointed by the OECD nations to verify Paul Birogs research along with different levels of assistances from different countries. Eventually in 2010 he published a 2000 year economy of India where it showed from 1AD India topped thed world with 34% GDP. Still in 1000AD it had 28% GDP. In the years 1500 and 1600 china overtakes india. Again in 1700 india overtakes china and finally the entire crash of the Indian economy began later in 1750’s where the british colonial overlords landed in the country and started looting the country and exploiting its resources. The OECD website refers in the â€Å"world economic history and millennium perspective† lists out all these information which have been quoted before. It is one of the most trusted and relied upon website to refer to the statistics of the world economies. Although the word society is absent completely in western society where Margaret Thatcher said in 1971, that there is nothing called as society. And today all the western accepts today is the alternate version of so called civil society. Now civil society is totally different from the traditional society where it can be suggested that it is a form of ‘anti society’. Civil society which is the current western trend is based on social contractual theory, which all the institution are based including out democratic government where each citizen is recognized as co-citizen in country rather than mutual brotherhood based society. For eg. In USA, in Philedelphia, a Son can file a case against his own father for divorce of relationship and can achieve his claim since there is no cultural society, it is a civil society where 2 people are viewed as co-citizens rather with any blood and brotherly relationship. The complete western understanding, their institutions, sociology, individualism, constitutional theory of west does not recognize normal basic human relationship. But whereas our Indian society has always been working entirely on human relations since the ages of time where india showed a huge economic superpower with traditional society. Today since Indian government which is puppying around the western ideology fail to realize that they are taking the economy of the nation into a huge catastrophy. In 1993, when Manmohan Singh was the finance minister invited jagadish bhagavati a neo economist from USA, who formed the entire Duncan WTO treaty for the situation crisis in india with its economic situation. He suggested that the problem with Indian people is that they are saving more than need which comes around 23%GDP,out of which 19 % GDP were only saved by Indians. His advise included to bring down the savings of the people by different means of taxations and other techniques to 9-10%. Out of which this 9 -10% should only be focused on food, shelter like basic needs and increase productions by employing more people and made a whole theory model on that. His theory on Indian situation stated that unless you destroy the family saving of the Indian people and bring it down to half of it, there was no chance of development. He also made a research on the Indian families that Indian woman played a vital role in taking hold of the savings of her family expenditures. So his ideas proposed to change the mentality of the reserved family woman to consumer based woman where she can be advertised to spend more of our money and change the family structure symmetrically in Indian society. In western society there is no propensity to save money assets, thus as a result many families are destroyed. Today 51% Americans are single parent family, out of which 41% children are born to unwed mothers, 20% born for school going children. 51% of the American people are dependent on government support on life insurance, health support etc. where as Indian people have always been dependent on society. Moreover the western economy is build on contractual interest based constitutional society which has led to time bomb ticking economy is USA and other European countries. Today the present scenario has changed the entire habitual thinking process of the people in India. They have a huge affiliated love towards the western society and its features less realizing the suicidal catastrophic and destructive features of its empire. The govt. in India always claim to be globalizing with the world but in reality, india is Americanizing by focusing only on American economic model. There are other traditional society based economies like Japan and germany wherr they instead of manipulating the crowd, they motivate their savings in their family and encourage only the financial institutions to put up money in trades of stock market. There is a huge commonality between the german or Japanese structure of economic history of rich cultural based society which our country could have adopted for the people but current democractic model is partially by the people but it has terribly failed to be for the people by inviting the civil society in our country. Indian economies,constitutions, institutions,sociology, philosophy, education etc all are based on the government economic blueprint of those same people who looted the country, colonized it and then destroyed the Indian GDP. CONCLUSION There are fraternity based economic models in this world with which we share commonality and our ideas should be to have a wider understanding of the world with whom we relate culturally and socially and only then our economic model can be aligned to them to achieve prosperity and serenity in our country.

Alvin Ailey and Sociology

Jerry Tarn Professor Douglas Kierdorf Social Science 102 April 18th, 2013 Alvin Ailey’s â€Å"Revelations† and Sociology As the world begins to modernize, society develops into what sociologist Ferdinand Tonnies calls a â€Å"Gesellschaft† society. In a Gesellschaft society, people concentrate only on themselves and build relationships mostly based on the possible monetary gains. Because people are so focused on money, matters that do not possess any monetary value tend to be discarded as insignificant or unworthy. Subjects such as the arts are often seen as unnecessary, excess, and impractical.However, what people fail to realize, is that art is in fact an integral part of humanity. Art can provide deep insights into our society, revealing both its positive and negative aspects in the most genuine form. Dance? a physical expression of art? is one of the many methods people uses to portray the various characteristics of society. Alvin Ailey’s signature wor k: â€Å"Revelations†, produced in 1960, is a prime example that reflected and exposed the social changes that were occurring during that era. The 1960s was marked as a time of great change as it was the era when America began to transform into an increasingly modern society.There were significant improvements in science (and technology exemplified by the start of the space exploration), which greatly changed how people lived and viewed the world. However, the most important changes were probably societal ones, namely the civil rights movement. The civil rights movement was categorized by African Americans expressing their dissatisfactions with the injustices that they had to endure in past century. Although African Americans were liberated from slavery after the Civil War, they still had to deal with the inequality of racial segregation.Under those laws, African Americans had to face disadvantages such as (but not limited to): lack of voting rights, inferior quality of facil ities, and unequal treatment under law. In sociological terms, there was little social mobility, institutionalized discrimination, and communities were racially stratified. It was not until the 1960s that the nonviolent protests and public civil disobediences of African Americans began to gain prominence and produce effect. In 1960, one of the many famous acts of civil disobedience, the â€Å"Greensboro Sit-Ins† occurred.The sit-ins consisted of multiple instances of nonviolent protests at the Woolworth Store in Greensboro, North Carolina by local African American students. After repeated protests and growing tensions, the store finally desegregated its services. Coincidently, Ailey’s â€Å"Revelations† was produced in the same year that the protests occurred. Although there wasn’t a direct correlation between the Greensboro protests and the creation of Ailey’s dance, the production of Ailey’s dance was nevertheless a sign of social change.W hen Ailey’s dance company first performed, they changed the entire dynamic of American Dance Theater as African American way of life was finally represented by African Americans instead of by proxies of Caucasian dancers. The ability of African American dancers to represent their own culture shows the social change of the transfer of authority (of the dance theater industry) from the dominant group to the minority group. Another way that Ailey’s dance company signified social change was its integration of different ethnic groups.Following in the footsteps of his mentor, Lester Horton, Ailey decided to include dancers of different races into his dance company in 1962. Ailey’s practice of what sociologists termed â€Å"ethnic pluralism† was another sign of social change. Besides evidencing social change, â€Å"Revelations† also reflected the various elements of American society. The dance itself was able to show these elements through the contents of the plot, which was divided into three sections: â€Å"Pilgrim of Sorrow†, â€Å"Take Me to the Water†, and â€Å"Move Members, Move†.The first section, â€Å"Pilgrims of Sorrow† is about the sufferings of African Americans during the slavery era. The story depicts African Americans toiling through hard labor as slaves and trying to use song as an outlet for relief. Ailey also incorporates the song â€Å"I’ve been ‘Buked†, by Hall Johnson, to accentuate the agony and frustrations of African Americans. The reason why Ailey brought back stories of extreme hardship is perhaps he wanted to remind Americans how much pain African Americans had to go through.He wanted to emphasize how important it was for people to realize the need for the abolishment of segregation. Ailey also probably felt that because America’s history of racial inequality has existed for such a long time, African Americans have become what William Wilson calls the â€Å"permanent underclass†. Even after the Civil Rights Act passed, like W. E. B du Bois described in â€Å"The Philadelphia Negro†, African Americans still face financial disadvantages due to the situations they were put in before the passing of the bill.With the coexistence of people’s constant â€Å"just-world hypothesis† and stubbornness of their cognitive schema, the disadvantages of African Americans will never receive the deserved attention as people will just assume that their misfortunes were brought upon by themselves. This is probably why Ailey recognized the bitter truth that racism will always exist. Slightly different from â€Å"Pilgrims of Sorrow†, â€Å"Take me to the Water† and â€Å"Move Members, Move† conveys a more positive atmosphere as it portrays scenes of baptism and church service. Take me to the Water† depicts a woman by the riverside, ready to get baptized while â€Å"Move Members, Move† depic ts a celebratory church scene. These dances are also reflections of American society as it shows the roles of religion. One role of religion was providing comfort to those undergoing hardship. When African Americans went through slavery, they sought comfort in God and practicing Christianity. Another role of religion in American society was providing solidarity. Emile Durkheim believed that religion brought unity amongst people and connection between individuals.This is reflected in American society as Christianity, America’s largest religion, underlies the many values in American culture. Another important aspect of Ailey’s dance that is worth mentioning is Ailey’s own life. When he was working on â€Å"Revelations†, a lot of the content was the result of his upbringings. Ailey grew up in rural Texas in the segregation era. At that time, especially in Texas, African Americans lived under constant danger as they not only faced discrimination, but also vio lence and risks of random lynching.All of these atrocities combined are probably what allowed Ailey to have such strong feelings towards the suffering of the slaves in the first part of his dance. Another influential moment in Alvin Ailey’s life was his exposure to literature. When he studied at universities in California, he learned of the writings of famous African American writers such as Langston Hughes and James Baldwin. In addition to his meeting with Maya Angelou, he perhaps became influenced and meant his performance to be an act to promote civil rights. Another influence of Ailey’s life was his exposure to religion.When he was young, he attended a Southern Baptist church. The songs and hymns that he heard when he went to church was probably influential to his other two dances â€Å"Take me to the Water† and â€Å"Move Members, Move†. This goes to show that what people experience in their childhood greatly influences their social identity as an ad ult. From Ailey’s background and dance piece, it could be seen that America during the 1960s was dominated by the Caucasian race, had a strong sense of religion (specifically Christianity), and had an unequal society.It was also beginning to advance into a developed society, which explains the rapid social change. To a certain extent, America today still possesses some discrimination towards certain ethnic groups, and equality isn’t exactly fully established in every aspect of the country. Nevertheless, as society progresses, so will its values. There will come a point in the future when all of the negative aspects that society used to possess will change for the better. However, it is important to be aware of the need of social change. One way that social change can be exercised is through art.Art is a highly human expression, and is one of the many methods that can facilitate social change. Works Cited Alvin Ailey American Dance Theatre: Origins to 1979†,  In ternational Encyclopedia of Dance, vol. 1. Oxford University Press, New York: 1979. 54-57. Dunning, Jennifer (1996). Alvin Ailey: A Life In Dance. New York: Addison-Wesley Publishing Company, INC. ISBN  0-201-62607-1. Foulkes, Julia L. Modern bodies: Dance and American modernism from Martha Graham to  Alvin  Ailey (Chapel Hill: University of North Carolina Press, 2002), 179-184 Kowal, Rebekah J.How to Do Things with Dance : Performing Change in Postwar America (Middletown, CT; Wesleyan University Press, 2010), 1-6 Mitchell, Jack. Alvin  Ailey  American Dance Theater (Kansas City, Mo. : Andrews and McMeel, 1993), 1-25 â€Å"Greensboro Lunch Counter Sit-Ins†,  Library of Congress. Retrieved April 15, 2013. ——————————————– [ 1 ]. â€Å"Greensboro Lunch Counter Sit-Ins†,  Library of Congress. Retrieved April 15, 2013. [ 2 ]. Kowal, Rebekah J. How to Do Thi ngs with Dance : Performing Change in Postwar America (Middletown, CT; Wesleyan University Press, 2010), 1-6 [ 3 ].Alvin Ailey American Dance Theatre: Origins to 1979†,  International Encyclopedia of Dance, vol. 1. Oxford University Press, New York: 1979. 54-57. [ 4 ]. Mitchell, Jack. Alvin  Ailey  American Dance Theater (Kansas City, Mo. : Andrews and McMeel, 1993), 1-25 [ 5 ]. Ibid. [ 6 ]. Foulkes, Julia L. Modern bodies: Dance and American modernism from Martha Graham to  Alvin  Ailey (Chapel Hill: University of North Carolina Press, 2002), 179-184 [ 7 ]. Dunning, Jennifer (1996). Alvin Ailey: A Life In Dance. New York: Addison-Wesley Publishing Company, INC. ISBN  0-201-62607-1.

Patient Safety and Quality Essay

The nurse involved with the caring for this family needs to be open to facts of the situation at hand by realizing that it is going to be a period of stress on Susie. At the same time, the goal is to make sure that Susie prioritizes her daily activities which will involve all three of caring for her children, taking in the additional demands of assisting her mother and promoting her health, and of course making sure her career is also focused on. As it is, Susie is overwhelmed and the nurse will need to help the family overcome any additional stress points as well as the specific illness related to her mother and so the nurse will prioritize as well. Since Susie seems to manage the household, the nurse will need to make her the key point of contact with the steps involved with making sure the family stays healthy during this period of additional anxiety. As it has happened now with her mother coming in to the family, she will need to adapt to a new lifestyle that has new demands of caretaking as described in the family structural theory. Family structural theory is a theory where a family is an open and social cultural system, which reacts and adapts to the demands placed (Grand Canyon University). This theory would be best applied by the nurse recognizing the rules and roles the family currently has and how they will need to change to encourage health promotion. Developmental stages give opportunities to family members to realize their potential (Edelman & Mandle, 2010). With the children also being a priority to take care, Stage four of the Family Developmental Theory will be applied. Perhaps the nurse will need to better understand through Susie what the latter’s keys to success have been from Stage 1-3 to better help take care of the kids through this. Through these types of conversations, the nurse can help promote health throughout their family by better understanding how the cope with particular situations and helping apply new methods of care. Health promotion can best be accomplished when the nurse focuses on Susie first and then the rest of the family so that Susie can also take care of the family. Health education includes all family members, with learning activities according to each individual. General teaching goal will be same but the approaches and specific goals will be different for each family member. A nurse will have to provide different teaching to each family member. To promote health for Mrs. Jones, nurse can make a plan explaining how Mrs. Jones need to function at her highest level of capacity physically, psychologically, culturally, and spiritually. To promote Susie’s health, nurse will have to educate her on social roles, financial and occupational responsibilities, and reassessing life goals. School aged children health can be promoted by educating on staying away from harmful and unsafe environments such as drug and alcohol abuse. Also, allowing school aged children participate in family conversations and allowing them to speak increases their self-esteem which can be beneficial to Susie to decrease stress. References Edelman, C., & Mandle, C. L. (2010). Health promotion throughout the life span (7th ed.). St. Louis: Mosby. â€Å"The Form and Function of The Family.† (2011). Grand Canyon Universtiy, Phoenix, AZ.

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Answer Questions - Essay Example The East outdid the Romans of the West. The art produced in this era lacked religious connotations. Animal style that was characterized by animal ornamentations, Carolingian art was characterized by sophisticated design, and Romanesque art had leaf embellishments, vaults and curves (Cavendish, 2006).  Next was the Gothic art  that was more developed with detailed paintings and sculptures (Cavendish, 2006). Da Vinci’s Mona Lisa is one that epitomizes the renaissance period while Chris Ofili’s No Woman, No Cry is of the new era.  Mona Lisa Foundation (2012) argues that Mona Lisa covered renaissance art characteristics such as sculptures and paintings while No Woman, No Cry is a tribute to Stephen Lawrence (Ofili, 1998). What primarily distinguishes Renaissance art from the Medieval art is Renaissance art encompassed sculptures, drawings and paintings that demonstrated the worth of nature and people. Early Renaissance transited to High Renaissance through finer developments in the techniques of art (Sider, 2007). Da Vinci’s Mona Lisa is an unforgettable art while Michelangelo’s Creation of Adam seems to have taken a struggle. Italian Renaissance was rich is culture while Northern Renaissance focused on Protestant Reformation (Sider, 2007). The Vitruvian Man plays the role of reflecting the principle that the human body is symmetrical to the universe (Da Vinci, 1492). The drawing is done symmetrically with the figure in a square. Montanes’ (1603) The Merciful Christ explains the nature of Christ. The drawing shows Christ on the cross. Bernin’s (1623-34) St. Peters Baldachin is characterized by detailed design and sophistication. Veneziano’s (1324) The Coronation of the Virgin is governed by medieval aspects such as painting styles. The cultural and political saw the differences in the works as the artists were moving with the times. Iwan was used to mark entry to a royal reception passage while Ijele is a mask used in

Gateway art Assignment Example | Topics and Well Written Essays - 750 words

Gateway art - Assignment Example She adds voice to her portraits by including calligraphy on the images, one of the calligraphy is a poem by feminist contemporary Iranian poet. Farrokhzad was one of the renowned Iran female poets whose work enticed Neshat to include in her paintings. Artistically works and poems were the main channels the Muslim women could use in revolution against their frustrations with the social and cultural restrictions. Following Iranian unveiling in 1936 the Irans women bodies were unveiled, subsequently female poets and artists like Neshat started revealing their thoughts, emotions and desire (Meskimmon, 2012). Neshat portrays Iranian women determination in executing their mission by the picture of her self-cladding in a black chador with her rifle aiming at the viewer. This portrait is unlike the others that do not direct their weapons at the audience the black veil leaves only the upper part of her face visible. Neshat grew up in an era before the Islamic revolution when Shahs government was trying to promote secular culture. She employs the art of photography in self-expression when she displays the characteristics of Iranian society culture and traditions. All the images covered in the women of Allah illustrate the theme of bound restriction, silence, old-fashioned and the violent Muslim women (Sheybani, 1999). Historically Islam religion and believes hold it that a womans body is a battleground for several kinds of rhetoric and political ideology. Neshat uses photography in exploring the relation between a Muslim woman and the positions that she inhabits. The traditional arrangements of the western democratic society were making efforts in eliminating difference and boundaries, comparatively contrary to Islamic culture where Islamic men and women holding different spaces are meant to come together to create a cohesive unit. Women of Allah series was Neshats artwork after visiting Iran in 1990 she makes a

Physical Education in Primary Schools Dissertation

Physical Education in Primary Schools - Dissertation Example   Thus it is a key course and primary schools ought to have a coach of the physical education program. Even though the physical education teachers are educated in various public and private physical education institutions, the key points of the curriculums are the same (Thompson, 1996).   Appreciate the fact that all of the Physical Education programs for the eight-year mandatory primary schools are monitored and constituted through the ministry of education. on the other hand, the P.E. curriculums for education coaches are administrated centrally and monitored by the ministry of education. A few special programs for training and preparing quality physical education and sports coaches to train high-level physical education and sports subjects at 8-year compulsory primary education schools are needed.   The effectiveness of the current programs that applied at majority primary schools is an important concern of this study. One of the main the purposes of this research is to find out to what extent the physical education coaching programs that are presently used by those higher institutions are effectively and successfully training preparing physical education coaches to train sports at primary schools (Armour & Yelling, 2004).   Educations can be said to be a planned and programmed process which is applied in order to achieve the desired changes in the behavior of a pupil. The main basic and elements of education are the student and the teacher. In addition to lecturing the role of a teacher should be directed mostly towards guiding and advising the pupil. The same applies when it comes to coaching physical education and sports.

Legal Theory Essay Example | Topics and Well Written Essays - 1000 words

Legal Theory - Essay Example These ideas and ideologies have assumed a global and even pan-human application. When applied they claim a universalism. When dissected, however, they show themselves to have a decidedly Western origin and influence. This has been shown to be the case in the global spread of various ideas and power systems like democracy, capitalism, industrialisation, colonialism, internationalism, and even socialism. The global reach of many of these ideologies and social structures inevitably incited reaction and dissent. Capitalism spawned socialism. Industrialisation gave way to workers movements. Colonialism yielded to Third World political rumblings and international ideologies like global Marxism, Pan-Africanism, and Pan-Arabism (to mention a few). To all this must be added twentieth century feminism. Though it may seem an oversimplification, much of twentieth century feminism sought to voice a discourse largely critical of the sexual inequality inherent in capitalism, be it in its national and/or its international forms. From the viewpoint of Marxism, the State is ‘a reflection, if not the instrument, of the power of the dominant economic class’ (Newman 2004, 141). From a gender perspective, the State largely mirrors the interests of males vis-a-vis females on an individualised basis. The modern State of capitalist society lies at the centre of what feminism sees as the tyran nical, patriarchal system of domination over the bodies and lives of women. This same State figures prominently in the structure of globalisation which has served to propagate Western power systems across the globe. Whether one approaches the role and place of women from an international, global perspective or from an individual State perspective, the question for feminists is for the most part a matter of the imposition of power and the limitation and circumscription of female individual autonomy. With respect to prostitution, particularly its criminalisation, the State

Cog Therapy & Gay & Lesbian Counseling Essay Example | Topics and Well Written Essays - 3750 words

Cog Therapy & Gay & Lesbian Counseling - Essay Example This leads to development of feeling of worthlessness and hence, depression. This feeling of worthlessness and rejection is being faced by the gays and the lesbian population, as the society is yet to accept homosexuality as normal thing (Bringaze, Tammy and White 162). This has led to many homosexual people suffer from psychological disorders. Their psychological disorder is a result of both, the social attitude and their own negative perception of the self image. Hence, cognitive therapy, which aims to resolve the problem from roots, is one of the best therapy to use while counseling gays and lesbians. According to Beck and Weishaar (1986), â€Å" Cognitive therapy is a system of psychotherapy based on theory which maintains that how an individual structures his or her experiences largely determines how he or she feels and behaves† (Freeman and Dattilio 3).Cognitive therapy is mostly based on the quality of the interaction between the therapist and the patient. According to Beck and Weishaar (1986), â€Å"it is a collaborative process of empirical investigation, reality testing, and problem solving between the therapist and patient.† Cognitive therapy has proved to be extremely effective in treating problems related to mind as it not only tries to fix the problem on surface but works on the root cause of the problem by dealing with emotional and behavioral disorders (Freeman and Dattilio 3). Cognitive therapy works effectively because it believes that the behavior pattern of a person depends on how he perceives the self and his relationship and adjustment with people and society around him. According to Horney (1950) and Adler (1936), the behavior pattern of a person

EXERCISE 5 P+P Research Paper Example | Topics and Well Written Essays - 1000 words

EXERCISE 5 P+P - Research Paper Example The Merise has the basic assumption of System design and development going through three cycles of - abstraction, approval and life cycle. There can be object oriented transformation of Merise analysis. The cognitive bias of Merise is that it is not limited only to the modeling of a database (Pham, 1991). 2. Purpose & Periphery   What does the method encompass?   What is it (designed to be) used for?   To what can it be adapted/applied?   What does it preclude? The method encompasses three characteristics viz. structural overview with diagram and text that is beneficial for easier implementation, better quality system and a use of improved planning. The development method was primarily designed for UK and the government computing requirements. The application later became hugely popular and hence it was adapted by the European public sector companies (Doorn, 2002) . The Merise mainly encompasses graphical representation through three different cycles. It is mainly designed fo r development cycle, which is decision cycle, life cycle and abstraction cycle. It is mainly applied such that data and processes are viewed in conceptual level then logical level and finally operational level (Pham, 1991). The SSADM technology precludes various drawbacks of previous technologies by offering below listed advantages:- 1. SSADM involves user 2. SSADM separates the logical and physical aspect of the system 3. It gives the three different views of the system 4. It has well-defined techniques and documentation However, SSADM technology cannot be applied in all conditions. The SSADM technology requires a large enterprise and may not be suitable for all types of enterprises like Small scale or medium. A large investment of time and money is required to use this technology. It requires a big place and also needs trained people to use it (Ashworth, 1990). 3. Process & Procedure Guidance offered   What do we do? What happens next?   Procedures for moving through the stage s/phases/tasks/ Practitioner guide   Participant guidance   There are guidance available, which can teach the software designing methodology with plenty of tutorials available, both in printed form and online format. The Practical Business Systems Development using SSADM4 by Philip Weaver (Weaver, 2002) is a complete guideline on it. There are software development sites, which help in these issues too. With the help of Logical Data Modelling, one can identify, model and document the requirements of data for the system being considered for design. Using this method, the data is separated into relationships and entities. Because of this, it becomes easier to know about the fields for which business needs to record the information and about the relationships between entities. The data flow modelling recognize, model and document the movement of data around the information system. It examines the actions which transform one form of data to another, area where data is held, what rece ive data into system or sends data from system and also about the routes through which data can flow. And the entity behaviour modelling takes care of actions that influence each unit and the sequence in which these actions occur. There are detail procedures in these tutorial books which guides through stages of the task. Even there are modules like requirements analysis,

Topic is listed in the details Term Paper Example | Topics and Well Written Essays - 1750 words

Topic is listed in the details - Term Paper Example Attention is then focused on-patient provider interactions and the impact of the larger ecology in which these interactions are nested. An exploration of future challenges and directions for mental health services for American Indians and Alaska natives, with emphasis on the role of traditional treatments, the promise of the chronology and issues raised by evidence bases practices (Strong,2012). Health disparities for minority populations are defined by sociopolitical contexts. American Indians are among American minorities in their historical and current relationship with the U.S. government. As a matter of fact, from their first contact, European settlers’ interactions with the native groups were characterized by conquest, seizure of resources, compulsory relocation, and systemic campaigns of genocide. The new government however continued these practices by developing policies of resettlement, attempted assimilation, and forced reservation relocation. By the 20th century, most American Indians tribes had been exterminated, dispersed, or driven onto federally created reservations.AS if not enough, on the reservations, the tribes continued to face threats to their identity from explicit government policies, for example, when federal laws banned traditional religious practices practices, the latter half of the 20th century for many American Indian native communities b rought self determination, self governance, community and cultural rights, and greater awareness of the challenges facing American Indian communities. Disparities in mental health for American Indians are inherently tied to the history and current sociopolitical landscapes experienced by this population. There are more than are currently 562 federally recognized tribes representing a diverse array of distinct cultural groups and a wide range of accumulation. There are more than 200 different languages with more than a quarter million f the 4 million

Nasty and unsightly Essay Example for Free

Nasty and unsightly Essay This segregation can be deeply felt by the reader and is very emotive. During the last extract there are a number of reasons why the audience would feel sorry for the monster. The eloquent and expressive nature of the language he uses show the reader that inside he is a beautiful being. I shall no longer see the sun or stars, or feel the winds play on my cheeks. The things that he will most miss are the sun and stars. These natural things are what he finds most enjoyable. The metaphor of the wind playing on his cheeks gives the reader a sense of his intelligent language but also his gentleness. Unlike Frankenstein the monster also blames himself for what has happened. But it is true that I am a wretch This sentence shows that the monster has acknowledged what he has done but also creates empathy with the audience, the word shows that he doesnt think much of himself. A wretch is often something very nasty and unsightly. How do you think Shelley feels about him? scientists were unconcerned by the potential consequences of their work Shelleys opinions on different matters are clear throughout the novel. The way that scientists were trying to push boundaries is explored. Shelleys view is obvious. She believes that scientists were unconcerned by the potential consequences of their work. Nothing must be able to go ahead without the full knowledge that it is safe. I believe that she uses the monster as a metaphor for this. Frankenstein had not taken enough time to way up the consequences of what might happen and the monster was born. Prejudice is a strong theme right through the novel. Shelley uses the monster to portray her thoughts about prejudice. She uses two extremes. She creates the monsters appearance to be revolting whilst his personality is smart, imaginative and elegant. During the story the only people who get to talk and interact with the monster are the blind people and Walton. These are also the only people he gets speak to in depth. This shows that once people can interact with him and get passed the way he looks it doesnt matter. The blind people speak to him because they cannot see what he looks like. Walton, even though he originally sets out to kill the monster begins to feel sympathy for the monster. Shelley obviously believes that people are too narrow-minded to look further into someone before judging them. Another major theme of the story is that of parent/child relationships. Shelley uses Frankenstein as the parent figure to the monster to explore the act of neglect upon a child. Marys mother died shortly after she was born. Once the monster is born Frankensteins vision of an amazing super-being vanishes and he sees the ugliness of what he has created. This may be a belief of Shelley. How mothers have a great vision of their baby and nurturing it and bringing it up but when the baby is actually born the mother is hit by the realisation of bringing up a child. The mother then chooses to neglect the child. Shelley then looks at what affect neglect can have on the child. The evil which engulfs the monster is directed at Frankenstein as a result of his neglect. I believe that Shelley sympathises with Frankenstein but more with the monster. I believe that Shelley relates to the monster as she felt neglected by her mother, although she died. I believe that she structures the book in a way that portrays this. She gives the reader the most of the book to sympathise with Frankenstein and only allows a smaller part in which the reader can gain sympathy for the monster. However she believes that the monsters grief is far worse than Frankensteins so that even less amount of time novel the reader still feels a greater amount of sympathy for the monster. I too feel compassion toward monster. I believe that someones abuse on the grounds of their appearance is wrong. Everybody should be allowed to express themselves to others and be given the chance to be understood. I also believe that most sympathy falls to Frankenstein because it was not his fault, Frankenstein created him and also neglected him. In my opinion although the monster carried out the murders the reason he did was Frankenstein. Not only did he create him without thinking of the possible consequences he also abandoned him and this caused the monster to become evil as a result of his torment. This can be linked back to the philosophy that people were born good. The monsters experience of society has moulded him into something which causes great havoc but truly, inside, he is good. Show preview only The above preview is unformatted text This student written piece of work is one of many that can be found in our GCSE Mary Shelley section.

Gattaca Film Study Essay Example for Free

Gattaca Film Study Essay Gattaca is often portrayed as a quest film. A quest film is defined as â€Å"a character that is on a journey or adventure with an ultimate goal in mind of completing a task or to obtain an object of significance.† (Merriam-Webster, 2012) The quest often involves overcoming challenges and to do this the character learn something about him/her-self and this then aids them on their â€Å"quest†. Being a quest film, Gattaca shares many characteristics that are often found in other movies of a similar genre. Examples of these include – Pirates of the Caribbean and In Time. Pirates of the Caribbean, is told with the protagonist as Captain Jack Sparrow on a quest to help him obtain immortality. The characters in both Pirates of the Caribbean and Gattaca share many similar traits; they are both after a strongly desired goal and will take the necessary risks to succeed. Gattaca, being produced in 1997, had many cutting edge ideas with such vision leading directors of the time. It was set in what was though the not so distant future of today would look like. It gives us an insight into a world based around the genetically superior, where genes are all that matter. The main character Vincent Freeman has dreamt of becoming an astronaut his whole life but, due to being conceived naturally and receiving a life expectancy of 30 years. He is cast aside in society, labelled a â€Å"Degenerate† and â€Å"Invalid†. Vincent soon learns he will never be able to move ahead in life; to fulfil his dream Vincent uses a â€Å"Borrowed ladder† from a genius named Jerome Eugene Morrow, who is a paraplegic due to an accident overseas. The term a â€Å"Borrowed Ladder† comes as the protagonist Vincent impersonates the life of Jerome thus using his identity. After months of special care, training and changes to his looks, Vincent enters the Aerospace Corporation known as â€Å"Gattaca†. Impersonating Jerome, Freeman becomes the company’s top navigator with a perfect record and clean slate by working hard and working hard to keep his real identity a secret; he is chosen to go on a manned spaceflight to Saturn’s moon Titus, but complications arise. One week before departure, when one of the managing directors is bludgeoned to death. An â€Å"Invalids† profile; Vincent’s old identity, is uncovered by investigators and this threatens to jeopardise his chances of going to Titan. After managing to avoid being caught by using precautions such as placing samples of DNA supplied by Jerome around Gattaca and even receiving help from a young lady, Irene; with whom Vincent develops feelings for. He ends up finally leaving Earth on due course for Titan. Pirates of the Caribbean on Stranger Tides (2011) Pirates of the Caribbean on Stranger Tides (2011) The Pirates of the Caribbean series are another group of quest movies opened by introducing the goal of the main character, Captain Jack Sparrow. He is always on a quest in search for personal well fortune and benefits. He uses his friends throughout these many adventures, and alike Gattaca, the Protagonist is able to achieve his own desires. During Gattaca, Vincent is aided on several occasions, one being when Irene hides his true identity from the authorities to help him complete his goal/mission. Irene does this; I think because she can understand where he is coming from as she has personal experience suffering in a world where genes are everything. The movie ends with Vincent successfully making it onto the space craft headed to Titan; the ending adds a sense of success but subtly hints to deep sadness with two lines, â€Å"They say every atom in our bodies was once part of a star† and â€Å"Maybe I’m not leaving, maybe I’m going home†. The movie reaches a climax when Vincent is almost discovered by his brother (the leading detective on the case), but manages to get past this by telling his brother that â€Å"he always gave 110 percent†. The quest is completed, as shown in Pirates of the Caribbean, when Captain Jack Sparrow finally manages to overcome a final obstacle and regain ownership of his beloved ship, the Black Pearl. This is exactly the same in Gattaca with Vincent overcoming the final problem of his identity getting potentially exposed by a medical examiner giving him one last routine urine test. It is shown through a simple line that the examiner has known his real identity all along. He achieves his goal and boards the spacecraft without any further problems Vincent achieving this goal shows to us that no matter what ones, goal or dreams are, overcoming the problems you are faced with will ultimately help you in achieve it. Gattaca is a good example of a quest movie because it clearly explains what the goal of the protagonist is and once it has established this, it shows how he overcame his many problems to achieve an ultimate goal. There are many attractions for the audience with many special filming techniques and suspenseful moments utilizing a constant beat to add effect and drama. There is a specific scene in the movie where Vincent is meant to be at home sick but instead is unable to be there so he tells Jerome to impersonate him. There is a problem with this, as to open the door and greet the detective, Jerome must climb a stair case. Without the use of his legs Jerome finds this a challenge because he is a paraplegic. The suspense builds as Jerome struggles up the stairs, racing to get to the top before the detectives reach the door. As you would expect, one last moment effort from Jerome manages to keep the detectives from discovering who he really is. Irene plays a vital role in this scene by acting as if Jerome is Vincent, when she herself is only just finding out the truth. Overall, Gattaca is an excellent example of what a quest film should include. It has a strong story and the director utilizes many techniques with the music, lighting and even camera angles to top it off. The protagonist overcomes challenges; his genes as a place marker for him in society, almost becoming discovered as an â€Å"Invalid† and a brother who is close to exposing his secret. I think that the quest, his personal dream of travelling into space is worthwhile as he learns about himself while doing it.

Was Sir Douglas Haig a Good or Bad Leader?

Was Sir Douglas Haig a Good or Bad Leader? The issue of Douglas Haigs role as a general on the Western Front, during the Battle of the Somme in 1916, has been thoroughly questioned by many historians to date. Through different views and opinions, Haigs skills have been both heavily celebrated and criticised. Therefore he has been viewed as both Butcher of the Somme and the Architect of Victory, much evidence supporting both arguments. However the majority of people seem to favour the idea of Haig being a merciless leader, which is completely understandable. For instance, the Battle of the Somme hugely affected almost every person in Britain, many losing family members. For them, it would have been easy to blame the British losses solely on General Haig, and many did just that. However many people saw him as a highly gifted soldier and leader, and there was a good side to Haig, for example, he did manage to eventually wear down the German army, and played a part in the result of World War 1. Therefore this controversial issue will perhaps be continually debated. The Battle of the Somme was a largely Scottish battle, with three Scottish divisions participating. This also applied to Douglas Haig, who was born in Edinburgh and was commander in chief. He was blamed for the enormous slaughter of the Battle of the Somme, during which there were around 60,000 British casualties on just the first day, a third of which were killed. This alone is evidence enough for a lot of people of Haigs failures as a general. However, many of the flaws in Haigs leading of the Battle of the Somme stemmed from the fact that he was commanding a group of sixty divisions, when the usual number was just six. This shows the extreme circumstances under which Douglas Haig was commanding at the Battle of the Somme. The Battle of the Somme was a significant event in history; this is mainly due to the absurd amount of deaths, even though they were no larger than were to be expected, however some people find fault in the fact that Haig kept the army fighting even when he became aware of the continuous height of casualty figures. Just like any general, Haig strove for success, however he had a major fault: he was extremely optimistic, and constantly believed that the German army was close to surrendering, therefore believing that a win was also close. This positive personality is shown by a quote which Douglas Haig himself said at the beginning of the war, The situation is never so good or so bad as first reports indicate. However, even though he felt that his army was fully capable of defeating the Germans, he wasnt correct, in fact, Haigs army didnt have the huge amount of soldiers, which the German army were able to take advantage of this clearly shows that his targets were impossibly to achieve , he was just too ambitious. Haig was also heavily criticised for the ridiculous length of the battle, this was simply because it could have been ended much sooner than it was, and this would have even prevented Britain in constantly finding fault in Haigs leadership skills. The main reason that Haig even allowed the battle to continue because he wished to straighten his trenches, as this would have had a great effect on his armys attacks. However Haig was also criticised for allowing the British army to fight in the appalling weather at the time of the Somme, although technically he cannot take the entire blame for this decision as the idea actually came from the French army officer. Haig was certainly one to override his army commanders, although this is understandable, as if he found their advice questionable then he had to trust himself to make the correct decision alone. However at the beginning of the battle of the Somme, Haig was overruled himself, by the governments of Britain and France, they asked Haig to attack the German army at that point in time, but Haig didnt agree this was because he felt that his armies werent ready; however his argument wasnt effective, therefore he was ignored. Haig understood that he would have to plan an attack quickly, because if he took too much time to do so then the alliance which stopped the French from attacking the British could be put in jeopardy, and that was a risk that Haig couldnt afford to take. At the start of the battle, the British army looked to have no chance in defeating the German army, in fact, Official History wrote that the Somme was the first time that the †¦British line been held with so few men and so few guns†¦. The British army were also overwhelmed by the power of the Germans and after just one day of fighting there were an enormous number of casualties, most of them due to bite and hold attacks. In the beginning, Haig was severely short of forces and, trying to find a solution, ended up having to leave Goughs twelve divisions alone to defend 42 miles of the front, this resulted in some having very few soldiers. Haig could have managed the Somme better, however by the end of the battle, the British were achieving success against the Germans and eventually the Germans did surrender, in fact the German General Ludendorff mentions in his autobiography, My war memories, As a result of the Somme we were completely exhausted on the Western Front. When considering Haigs skill as an army commander it has to be remembered that the situation at the Battle of the Somme was extremely unique, Haig was handling ten times the amount of forces, most of whom were learning the tactics of war as they went along. After the battle ended Haig was compared to other generals who sent hundreds of soldiers to their deaths, he was viewed as uncaring and constantly making horrible decisions. Although Haigs opinion of the turnout of the war was never made clear, it was suggested that he agreed with the result, as in 1919, Haig defended the fact that the Germans were offered a settlement at the end of the war. The relationship between Douglas Haig and David Lloyd George was a cause of major conflict and had an overpowering effect on Haigs reputation. Lloyd George was clear in the fact that he had no trust or liking for Haig, especially during the Somme, when he didnt understand why Haig was allowed the high casualty rates to continue, especially since this didnt give any advantage to the British. He saw Haig simply as a man with no intelligence, and no understanding, although he also never replaced him, or even stood up to him. However, it was no secret that a war was waged between Haig and Lloyd George. An example of the tension between these characters was on the 1st September, when Haig received a telegram from Henry Wilson, marked personal, this carried a warning, that Haig was to stop preventable casualties during the battle of the Somme. The clear reason for the telegram was for the protection of Lloyd George; however Haig took it that he could strike the Hindenburg line if he felt t he need to do so. The tension between them grew when Lloyd George published his war memoirs, in which he unleashed an attack on Haig, both, simply as a man and as part of the army. This was one of the very little books that really cause chaos for an important figures reputation, especially since when it became available, Haig had already passed and therefore he couldnt even protect his own reputation. However Lloyd George isnt the only politician that Haig had a significant relationship with, Haig and Winston Churchill also had a somewhat interesting relationship, in fact Haig helped out Churchill in the writing of his book, The World Crisis, by sending him parts of his personal diaries which he kept during the war. The reason that this is interesting is the fact that Churchill often criticised Haig, especially as a General during the war. However, Churchill did admit that when reviewing the war he began to think a good deal better if Haig than I did at the time. Unlike Lloyd George, Churchill felt that it would be impossible to find as good a general as Haig was to replace him. Haig didnt mind some criticism from Churchill in his book, but it was that criticism which strongly effected Haigs reputation. The conflict between these politicians and Haig meant that Haig had to fight the war against not only the Germans, but also those politicians. It wasnt just Churchills writing that affected Haigs reputation though; there were many different memoirs and accounts released after the war, by many different people, for example, David Lloyd George, Churchill and Gough. However when these records were released Haig mentioned to Foch that he couldnt release a book on the war, as it was too soon to tell the truth. If he had written them however, they would have not only been successful, but would have probably heightened his reputation. However Haigs Final Dispatch, published in 1919 actually had only a small effect on the opinions of the war. Yet, decades later, a revisionist historian, John Terraine revised these arguments and tried to re-build Haigs reputation. In fact, Terraines Douglas Haig: An Educated Soldier strongly defended Haigs reputation, his main point being that it was Haig who eventually wore down the German army. However historian, John Laffin, has the opposite opinion, he feels as though Haig should be accused beca use of his wilful blunders and wicked butchery. This shows clear argument between the two recent historians, both trying to challenge Haigs reputation. Terraine passed away in 2003, however before his death, he did manage to change the way that some people saw Douglas Haig, and he restored Haig to the position of serious commander. Haig was criticised and celebrated by different historians, few ever looking at both sides of things. Haigs reputation was heightened the most due to his input in helping and celebrating ex-servicemen. Haig devoted a large part of his life, after the war, to charity events and war-memorials. This shows that people were even slightly wrong about the fact that he didnt care about the young men fighting in the war. For example, in 1922, Haig travelled to Swansea and 4000 people turned out to see him lay a stone for the city memorial, and in 1925, the Haigs toured Canada; some 10,000 people came to see Haig lay a stone on a cenotaph in Toronto. Also, in Glasgow, in 1924, Haig revealed a monument. These days people may be shocked to find out that in 1925 Haig opened the Newfoundland Memorial Park; this was where the 1st Newfoundland attack took place in 1916. The fact that Haig was sought after to carry out the ceremony by the government, shows that even though there is constant argument over Douglas Haigs reputation, at this time he must have been highly thought of. This is why Haig was overwhelmed with huge amounts of requests to reveal all sorts of different memorials. Haigs speeches at these events were never completely neutral, the issues of sacrifice and the needs of ex-soldiers were constantly highlighted. This made his reputation improve to a lot of people, because they felt as if he was more caring. In the early 1920s Haig began to type up his wartime diary, he wished for this to be published after his death. In 1928 a line of war diaries and memoirs began being published, some attacking Haigs reputation seriously, however Haig wasnt alive to see this, as on the 29th January 1928, Douglas Haig died of a heart attack. This death came as a shock to Britain, many people in disbelief. Haigs wife believed that the strain of wartime command had worn out his heart, and the media began to print headlines, field marshal a war victim, Haig was treated just like any soldier who had fought in the war, and he too was seen as a war casualty. The real surprise after Haigs death was the extent to which the public mourned him; his death was treated much more graciously than any other British general. Therefore his coffin was escorted by the two future kings of England, showing that he was obviously an important member of the nation, even though some people viewed him as a callous butcher. This was reinforced because St Pauls, Wrens great cathedral was suggested as where Haig would be buried and if he had been then hed have been buried with Wellington and Nelson, two heroes from WW1, however Haig had wanted to be buried at home, in Edinburgh, therefore he body was sent north. A crowd of people waited for him to arrive, to pay their respects. Eventually he was buried in the grounds of Dryburgh Abbey. However the event of his death just brought more conflict to the argument of Haigs reputation. Again, Haigs reputation plummeted. Therefore Haigs reputation is constantly debated, going from one extreme to the other, barely ever balancing, or being fair to the actions of Haig. However much argument is presented in favour of Haig, the evidence is overpowered by the casualty figures of the battle of the Somme, by Churchills criticisms of Haig and by the tension in Haigs relationship with David Lloyd George, these are the facts people cant just forget and therefore the points which effect Haigs reputation. Haigs reputation was most significantly analysed through memoirs and accounts, for example of Churchill, Lloyd George, Gough and Terraine, although his reputation took a severe hit after his death also. Its clear that Haig will forever be viewed as heartless general, which is a fair judgement, considering the fact that he was the general in charge during the Battle of the Somme, and allowed the horrific casualty figures to present, and the fact that he let the battle go on for much longer than it should have, fo r personal or no gain, and thats why Douglas Haig will forever be condemned as Butcher of the Somme. Hedging Techniques: Analysis of pros and cons Hedging Techniques: Analysis of pros and cons This report will discuss the basics of hedging, advantages and disadvantages of hedging. There is description of methods and techniques used for hedging. This also discusses the primary need of hedging. Then follows the detailed calculations of the receivables of 500M pesos due in six months time and the best way of hedging to get the most of it. This report then goes on to discuss the forward contracts and futures along with forward options that are available for individual and basic differences between forward contracts and options Introduction: An unexpected change in exchange rates is the economic exposure which is commonly seen as a political disaster or natural disaster. The effect of economic exposures on exchange risks is kept out from this paper on one hand. On the other hand the cross-border firms do not get affected by the volatility of the exchange rates, in terms of the translation transaction exposures. Foreign exchange risk does not exist; even if it exists, it need not be hedged; even if it is to be hedged, corporation need not hedge it. When compared with certain results this hypothesis seems to be inconsistent. Different ways have been found out by some empirical researches to hinder different exposures. For instance, in some real cases financial instruments or netting was applied. Hedging and Importance Normally foreign exchange rates are dictated based on the supply and demand of two currencies and are persuaded depending on both the interest and inflation rates of the corresponding countries. For entering into a contract both the parties those are going to buy sell must have to be familiarised by the forward exchanging rate. Above all relationship between forward exchange rates, spot exchange rates, inflation and interest have to be introduced. Due to some factors such as government intervening and costs of transaction, relationship should not always be hold in the short run. But however the relationship could be hold on the long run by the four parties: purchasing power, expectations theory, the interest rate parity the international Fisher effect. Types of exchange rate exposures: In an international firm exchange rate losses those are unfavourable are protected by hedging currency exchange risk. Thus hedging currency exchange risk can be considered as one of the factors for eliminating risks. There are basically three forms of exchange rate exposures. Transaction exposure Translation exposure Economic exposure Transaction exposure: It is caused when the organisation is driven into certain financial agreements or obligations. The future gains or losses of an organisation are completely dependent on the changes caused to the exchange rates in the future cash flows of the agreements or obligations. The values that were before after the accounts received paid along with those engagements to buy or leasing financial cash flows do not match. The risk of transaction exposure is completely different from the risk of transaction exposure since the former one contains potential changes regarding cash flows. Translation exposure: Translation exposure is also known as balance sheet exposure or accounting exposure. It is a kind of exposure which occurs when if the financial statements of all the affiliates have been consolidated by the parent company. The denominated currencies of the affiliates are quite different when compared to their parents. Economic exposure: Economic exposure is also known as real exposure or operating exposure. It is mainly concerned about the risk of losses in exchange in association with the changes in future cash flows. It is completely different from the former two exposures which operate by long-term diplomatic decisions. There are mainly three barriers for non-financial organisations hedging currency risks compared to the financial organisations. Firstly, models to forecast forward are not well devised. Secondly, team of management is incessantly hesitant to hedge risks of FX the team seems to risk-averse with respect to FX risks. Lastly, the risk management is less in non-financial firms compared to financial firms. The main purpose of hedging FX risks for most of the non-financial firms is for variance reduction in future cash flows. Some of the advantages of corporate hedging are as below. It can predict the cash flows of the firm that are generated internally can arrange the financing plan of a firm either internally or externally. Also hedging helps for the smoothening of the net income of a firm, which proves to be valuable in the present financial market which focuses attention to quarterly earnings rather than the cash flows in the long-run. Based on the proponents of hedging, some of the many arguments are opposed to hedging. Spending on hedges of currency opt for an exceed in the loss in currency risk exposures. If the management fails in reducing the risks using hedging, rivalry arises between management shareholders, where as the value of the shareholder crumbles. There are several hedging instruments in order to protect our money from getting exposed to the above mentioned exposures/risks. These hedging techniques include spot, forward contracts, options, futures, currency swaps and so on usually referred to as derivatives. The most frequently used instruments are: Forward Contracts: The two parties enter a contract in which they agree on a favourable current exchange rate on a specified future date. Thus this guarantees a customized future payment and maturity date and eliminates future volatility. It is tailor made instrument that it includes and specifies all its parameters like money, date, exchange rate and denomination of payment. Also the cost of forward contracts is low comparing with other instruments and the settlement date is up to one year. Futures: These are similar to forward contracts but are more standardised in terms of volume that is about to be exchanged. This is generally intended to speculating profits. Spots: This allows us to buy or sell a currency at todays exchange price and the day of settlement will be no more than two business days. Currency Options: Options are like contracts but are more costly than contracts. It guarantees a worst-case exchange rate for the future purchase of one currency for another. There is a right to sell or buy but there is no obligation to do so as such giving the options holder substantial benefits. Currency Swaps: These are in general long term high value transactions. By swapping their future cash flow obligations the counterparties are able to replace cash flows denominated in one currency with cash flows in a more desired currency. As requested billing in U.S. dollars, forward contracts and money market hedge are some effective techniques of hedging and safe guarding the firm from any possible fluctuations and risks arising from the same. In U.S. dollar billing we charge the goods at the rate in their home country but enter a contract based on the spot rate on the day of sale, and which means they need to pay the equivalent amount in dollars when the payment is due. Irrespective of the fluctuations of the currency rates the company is bound to make the payment of that exact amount of dollars at the end of contract or due date. Forward contracts are mentioned above lock in the exchange rate on future currency transactions and thus reducing their exchange risk. The payment is due in future but the current exchange rate is used for entering into such a contract. Money market hedge is a technique where in the company relies on borrowing and investing funds via money markets and using the spot rate to lock in the amount from the receivable. We borrow in the home currency the same amount that we are expected to receive ad invest in the other currency. Billing in U.S. Dollars As per our previous exports made to Mexico, we will receive 500 million Mexican Pesos. The spot rate of Peso/USD is 15.3555-15.3561, one of 15.3555 is the bid price at which the trader will buy from us and 15.3561 is the price at which he will sell. So we need to buy 500 million Mexican pesos meaning we need to consider the spot exchange ask rate 15.3561. Thus the 500 million Mexican pesos will come to USD which is $32.5604 M. Therefore we will be receiving a definite sum of $32.5604 M after the end of contract which is 6 months. So what ever is the exchange rate at the end of 6 months or whatever be the range of fluctuations we will get $32.5604 M. But the company has to pay an equivalent of $32.5604M which is $32.5604M*15.3555 = 499.9812M pesos. This is mainly due to the depreciation of peso with respect to US dollars. Forward Contract Since the goods have been exported the importer is now short if 500 million Mexican pesos. By entering into a forward contract we sign an agreement with the importer, which states that the delivery of the equivalent of the amount due should be made after 6 months time at the forecasted forward rate which is 15.0123-15.0134 (peso/USD). So as in the previous case we will be entitled to a sum of USD which turns out to be $33.3036 M. Hence we now entered into a future contract which gives us $33.3036 M at the end of 6 months. While we receive $33.3036 M, as an equivalent to 500 M Mexican pesos, the importer needs to pay the trader an amount of $33.3036*15.0123 = 499.9636 M pesos. However if the future rate increases then the importer is obliged to pay the 500M pesos at the prevailing spot rate. But in case the spot rate goes down then the importer has to meet the previously agreed rate for the payment. Money Market Hedge Here we are expected to receive 500 M pesos, so we borrow the same amount from a Mexican bank at the borrowing rate of 2.6% p.a. and we convert them to US dollars and invest the exact same amount in US dollars at 3.1% p.a. We borrow 500M Mexican pesos at 2.6%, which is = 493.5834M and we convert them into dollars at the prevailing spot rate of 15.3561, which transforms to = $32.1425M and we invest them in US market at 3.1%, which gives us $32.1425*1.016 = $32.6568M. But once we receive the payment of 500M pesos the loan will have to be repaid and we have $36.6568M*15.0123 = 550.3029M pesos, whereas the loan amount is 500M*1.013 = 506.5M pesos. Which means we have a profit of 550.3029M-506.5M pesos = 43.8029M pesos, which in turn is = $2.9176M Best Hedge By observing the figures, it is clear that future contracts method is more beneficial than the rest of them. This hedging earns us $32.5604M by billing in U.S. dollars, $33.3036M in forward contracts and $32.6568M by money market hedging. Derivatives The derivative securities market has become quite large in recent years. In 2007, according to the International Swaps and Derivatives Association the notional value of all financial swaps stood at $587 trillion worldwide. The GDP of the entire world was only about $60 trillion by the year 2008. The swaps and derivatives transfer risk from those who do not want to bear to those who are willing to bear for a fee. It is almost like insurance on property or automobile. For example, a put option is to safeguard if the price of a stock is expected to fall. And, like the insurance industry, both parties are mutually benefitted by this type of transaction; it is called hedging. Bulk of the transactions in derivative securities is mainly based on speculation than for the purposing of hedging against foreign currency risks. These help in providing liquidity in the currency market apart transferring risk. The sizes of banks and stock brokerage firms in derivative securities may give rise to huge loss which may well bring the entire financial system to a standstill. At the same time, some participants in these derivatives markets are reporting huge profits. Swaps The derivatives market involves more than just put and calls options. There are also contracts involving swapping fixed interest rate payment streams for adjustable or floating interest rate payment streams. Simply put its mutual agreement of two parties which satisfy both the parties. Forward Contracts and Futures Swaps, caps, and floors are recent innovations in the derivatives markets. The derivatives market traditionally included forward contracts in addition to options (puts, calls, warrants). A forward contract involved a commitment to trade a specified item at a specified price at a future date. The forward contract takes whatever form the two parties agree to. There is also a market for standardized forward contracts, which is called the futures market. The standardization makes possible a wider market with greater liquidity and efficiency. Often the futures markets eliminate the ties between specific parties, the party and the counter-party, and the risk that the other might not fulfil the contract. In the futures market everyone deals with the clearinghouse who guarantees fulfilment. Forward exchange operations carry the same credit risk as spot transactions, but for longer periods of time; however there are significant risks involved. A forward contract requires delivery, at a fixed future date, of a specified amount of one currency against other foreign currency payment; the exchange rate is fixed at the time of writing the contract. It is to be noted that gain or loss on the forward contracts is irrespective of the current spot rate. The gain or loss exactly offsets the change in currency costs. The major active participants in forward markets are arbitrageurs, traders, hedgers who seek to reduce their exchange risks by locking in the exchange rate on future trade or financial operations. There are differences in even the quoted prices, commercial customers are usually quoted the actual price while the dealers quote the forward rate only as a discount/ premium on the spot rate. These contracts are usually available for 1,2,3,6 or 12 months delivery. However forwards for odd maturities can also be formulated. With the increase in the maturity and volatility of the currency the bid-ask spread rises. Forward Exchange Options Contract In the options market there has developed some terminology that is somewhat intimidating to the uninitiated. A call option is the right to buy a share of a stock, the underlying security, at a specified price, called the exercise price or the strike price. A put option is the right to sell a share of a stock at a specified price, the exercise price or the strike price. There is a limited time for the exercise of the call option. An American option can be exercised at any time up to and including the expiration date. A European option can only be exercised on the expiration date. The value of a call option at any time depends upon: The current market price of the underlying security The exercise price The interest rate Time remaining until expiration The volatility of the price of the underlying security. When any of these change the value of the option will change. The options terminology that is most obscure is the use of Greek letters to refer to the response of the option value to changes in the variables which affect it. Ά Delta = the change in the price of the option per unit change in the price of the underlying; i.e., the increase in option value if the current market price of the stock goes up by one dollar. Delta is important in creating a perfectly hedged portfolio. The rate of change of the delta of an option is called its gamma. à Ã‚  Rho = the rate of change in the price of an option in response to a unit change in the interest rate. ÃŽÂ ¸ Theta = the rate of change in the price of an option with respect to time; i.e., the change as the time until expiration decreases by one unit. Vega (this is not a Greek letter) = the rate of change in the price of an option for a unit change in volatility. Despite having the right to buy a call option or to sell a put option, the rights holder is not obliged to buy or sell but can do so at his will. This will give him total flexibility as to when to buy/sell his options

church :: essays research papers

Lecture Notes History 361: Witchcraft and Heresy in Europe Lecture 3: â€Å"The Evolution of Christianity in Western Europe through the 11th Century† 1.During the era 850-1100, Christianity as it was practiced in Europe was dominated by monks and monasteries. The world was wicked and filled with pollution. Those concerned with their salvation had to flee the world and then seek to cleanse themselves from its pollutions. Monasteries were understood to be places separate from the world where individuals could go to seek self-purification 2. Monasteries were organized like other feudal estates. Most monasteries were founded by kings, queens and nobles. In this sense most abbots were like the vassals of great lords. In fact some abbots were warriors and fought for the lords. Most though, dedicated themselves to prayer for the souls of the lord and his dependents. The relationship between the abbot of a monastery and the peasants attached to monastery lands was the same as the relationship between any landlord and his serfs. 3.Monks were men who lived by a rule or a written out code of conduct. For this reason they were know as â€Å"regular† clergy. The rule was understood to be a path toward spiritual perfection. At the heart of most rules was a vow of â€Å"stabilitas,† a vow to remain stationary in a given location. The opposite of monks were hermits, men who roamed around in the â€Å"desert,† actually the woods, as a path toward spiritual perfection. In Western Europe almost every monastery followed the Rule of St. Benedict of Nursia (6th century). In his rule St. Benedict set out simple rules emphasizing manual labor for monks to follow. No distinction based upon wealth was made between brothers. The rule of St. Benedict of Nursia was reformed by St. Benedict of Aniane in the 9th century. St. Benedict of Aniane made distinctions among brothers, basically pushing most of the manual labor off on poor brothers and servants, giving the full members the task of daily rituals of col lective prayer. At the beginning of the eleventh century, Europe was dominated by two confederations of monasteries, those centered around Cluny in France, and those centered around Gorze in the Holy Roman Empire (Germany). Cluny insisted upon its independence of political authority, though in practice this meant that Cluniac monasteries were friendly to all individuals with power. Gorze and its daughter houses were under the supervision of the Emperor.

all quiet on the western front :: essays research papers

What was going through Remarque’s mind? Paul is caught in WWI fighting to prove his loyalty to his country. Amidst the war, he struggles to find meaning in the new image he has become. In the beginning, their teacher persuades everyone in the class to enlist in the military to fight the glorious war. Thinking this is an honourable idea; everyone joins even those who secretly fear the battlefield. However, they are forced into volunteering. Not enlisting is like turning their back on their own country. To the teachers, schoolmasters, and older men, going to war is the best thing a man could do for his country. In reality, Paul and his friends do not want to kill or be killed. After Behm became Paul's first dead schoolmate, Paul viewed the older generation bitterly, particularly Kantorek, the teacher who convinced Paul and his classmates to join the military, feeling alone and betrayed in the world that they had left for him. Paul's generation felt empty and isolated from the rest of the world due to the fact that they had never truly established any part of themselves in civilian life. In the story, Paul tells us that all the older soldiers are stilled linked to their present lives. These older soldiers have wives, children, jobs and interests to come back to. According to Baumer, all the younger soldiers have to come back to is their parents and maybe a girlfriend. The young soldiers have no jobs and no idea on what life beyond the war will be like for them. All the young soldiers know how to do is fight in the war. And that is what they do till they are injured, or killed. This war has totally ruined the lives of Baumer, his friends, and all the young G erman soldiers who fought in this war. At boot camp, Himmelstoss abused Paul and his friends, yet the harassment only brought them closer together and developed a strong spirit amongst them. After a battle Paul was given leave and returned home only to find himself very distant from his family as a result of the war. He left in agony knowing that his youth was lost forever. Before returning to his unit, Paul spent a little while at a military camp where he viewed a Russian prisoner of war camp with severe starvation problems and again questioned the values that he had grown up with, compared to the values while fighting the war.

The Cost of Obedience :: Hitler Nazi Party German History Essays

The Cost of Obedience The Nazis follow through with Hitler's plan to exterminate the Jews. Many of the soldiers who work at the death camps were not even members of the Nazi party originally. However, most follow orders obediently It begins with one subject strapped into a chair and an electrode strapped to his arm. He is the "learner." The "teacher" is ordered to ask the learner questions and to shock the learner if he answers incorrect (New Life). t is 1919 in Germany. The Army's political department commands a young man named Adolf Hitler to investigate a group called the "German Workers' Party." Hitler ends up joining the group and takes over organization of the party's propaganda (Christy's sec. 15). The party is renamed the Nazi Party, and they adopt a flag with a swastika as their symbol. Hitler quits the army enabling him to devote more time to his party. The "teacher" starts of with low voltage shocks of 15 volts. With each shock the "learner" receives, the voltage is raised by 15 volts (New Life). It is 1921, and Hitler gains leadership over the German Worker's Party after threatening to quit. Hitler is an unlikely leader; he is short-legged, and has a hollow chest. He has a nervous tic in his face and is not a very imposing figure. When he speaks, he begins very nervously and his speeches are rambling (Nizkor). Nevertheless, Hitler is able to captivate his audience by controlling their emotions (Nizkor). He always speaks in the late evening when people are tired and their defenses are down. He makes dramatic entrances, usually escorted by storm troopers and a band playing a fanfare (Nizkor). Hitler exercises his power cautiously at first, but in 1923 he takes over a government meeting. Nazi storm troopers seize official buildings and Hitler is arrested on account of treason (Project GCSE sec. 2). Though Hitler spends the next ten years in prison, he and the Nazi party get incredible publicity (Project GCSE sec. 5). While Hitler is in jail he publishes Mein Kampf. Hitler is very devious in his writing of Mein Kampf. It is a glorified autobiography mixed with political propaganda, but he writes it like a fairy tale: In this little town on the river Inn, Bavarian by blood and Austrian by nationality, gilded by the light of German martyrdom, there lived, at the end of the '80's of the last century, my parents: the father a faithful civil servant, the mother devoting herself to the cares of the household and looking after her children with eternally the same loving kindness (Qtd. The Cost of Obedience :: Hitler Nazi Party German History Essays The Cost of Obedience The Nazis follow through with Hitler's plan to exterminate the Jews. Many of the soldiers who work at the death camps were not even members of the Nazi party originally. However, most follow orders obediently It begins with one subject strapped into a chair and an electrode strapped to his arm. He is the "learner." The "teacher" is ordered to ask the learner questions and to shock the learner if he answers incorrect (New Life). t is 1919 in Germany. The Army's political department commands a young man named Adolf Hitler to investigate a group called the "German Workers' Party." Hitler ends up joining the group and takes over organization of the party's propaganda (Christy's sec. 15). The party is renamed the Nazi Party, and they adopt a flag with a swastika as their symbol. Hitler quits the army enabling him to devote more time to his party. The "teacher" starts of with low voltage shocks of 15 volts. With each shock the "learner" receives, the voltage is raised by 15 volts (New Life). It is 1921, and Hitler gains leadership over the German Worker's Party after threatening to quit. Hitler is an unlikely leader; he is short-legged, and has a hollow chest. He has a nervous tic in his face and is not a very imposing figure. When he speaks, he begins very nervously and his speeches are rambling (Nizkor). Nevertheless, Hitler is able to captivate his audience by controlling their emotions (Nizkor). He always speaks in the late evening when people are tired and their defenses are down. He makes dramatic entrances, usually escorted by storm troopers and a band playing a fanfare (Nizkor). Hitler exercises his power cautiously at first, but in 1923 he takes over a government meeting. Nazi storm troopers seize official buildings and Hitler is arrested on account of treason (Project GCSE sec. 2). Though Hitler spends the next ten years in prison, he and the Nazi party get incredible publicity (Project GCSE sec. 5). While Hitler is in jail he publishes Mein Kampf. Hitler is very devious in his writing of Mein Kampf. It is a glorified autobiography mixed with political propaganda, but he writes it like a fairy tale: In this little town on the river Inn, Bavarian by blood and Austrian by nationality, gilded by the light of German martyrdom, there lived, at the end of the '80's of the last century, my parents: the father a faithful civil servant, the mother devoting herself to the cares of the household and looking after her children with eternally the same loving kindness (Qtd.

Operational Research Essay

Stock control or Inventory control has been in use for a long time. While small organizations may use manual methods to track their stock, complex global organizations make use of sophisticated systems like ERP’s to handle inventory control. There are various stock control methods in use. The methods used by a business organization depend upon not only the size and complexity but the type of industry it is in. A DIY superstore may use a method like the Order Point where the demand is driven by the customer’s buying patterns with little or no control by the manufacturer. As against this, a stock control method like MRP is used in companies like the Executive Upholstery Company where demand is dependent upon sales forecast and the sales orders. In the following paragraphs the stock control methods used by Executive Upholstery Company and DIY superstore are examined and also compared with each other to provide insights into the two methods discussed. Order Point Method – DIY superstore Supermarkets, warehouses and even some manufacturing companies tend to use Order Timing Decisions or Order Point methods for inventory control where the demand is not certain. The demand pattern in a DIY superstore is seasonal and is dictated by the consumers. The demand is independent of the manufacturing processes and many variations in demand need to be considered while controlling the inventory. Traditionally stock control was done using guess work to identify the stock levels and re order points. Factors like Safety Stock, EOQ, an Lead Times were not considered. Because of the huge numbers of items involved, and also the need to cope up with variable and uncertain demand patterns, manual methods gave way to some techniques like ABC/ VED analysis; Forecast Order Point. In ABC analysis, for instance, the inventory is categorized by the importance of the contribution to the final product cost. Some classification can be the ‘most important’, ‘important’ and ‘less important’. In the Forecast Order Point method of stock control, the future demand is calculated using the historical demand patterns. Time series methods like simple average, weighted average and exponential smoothing methods can also be used to forecast demand more accurately. In the DIY superstore example, the simple average method was used to forecast demand and lead time. Based on the 5 weeks of Master Production schedule, re order point for various items for the week6 were determined. Table 2 below shows the reorder point for the various items based on the 5 weeks of maser Production Schedule. The inherent problem with this technique is that it assumes that the forecast is near accurate and there is safety stock. In a weighted average method of forecasting technique, weighting to the most recent demand is given more and less to the earlier weeks. Techniques like Exponential smoothing are used to forecast the demand more accurately when there are trends in data and data is available for a longer period of time. Considerations like Safety stock and Service Level need to accounted for while using any forecasting technique. MRP in Executive Upholstery Company MRP is used when the demand is more certain and is based on sales forecasts, sales orders. It uses a time phased production schedule dictated by the capacity available. MRP uses, apart from this top level demand, inputs like Bill of Material, Stock on hand, Purchase orders already placed. Bill of materials lists all the parts and components required to make finished products and subassemblies. A structure diagram for BOM can be made using various levels with the finished product being at level 1. Manufacturing organizations do use stock files and work order files. Stock files list current stock of all parts: finished, raw material and sub assemblies. Work order files list replenishment orders which have been already placed. The main consideration of MRP is to produce a set of ‘time phased requirements’ (orders) for each component in the system at specified intervals of time – days or weeks. The first step in MRP is to identify the Gross Requirements for each component or assembly – how many in each time period. The Gross Requirements for each part in the example at table 1 is arrived at by identifying the demand quantity of each of the three types of chairs (Captain, Recliner and Director) from the Master Production Schedule and multiplying this quantity by the quantity in each part in its bill including the parts of sub assemblies and then adding them up all to arrive at the total demand for each part. While calculating the Gross Requirements, the lowest level components are used. Also, the beginning inventory(stock on hand) as well as the purchase orders pending were taken into consideration while calculating the net Requirement for each part. Another concept used in the example in Table1 is the Planned Order Releases which are scheduled orders by taking into consideration lead time, lot sizes. Summary MRP solves more complex issues like which part to order and when for a production process which are not easily amenable in a stock control method like Order Point. Order Point calculations do not take into consideration lot sizes, safety stock, and the more methodical approach of calculating Gross Requirements and net Requirements of each part involved in a finished product.

English Crucible Coursework Essay

In the established society of a small, Puritan town in the late 17th century, a lie by a minister’s niece sparks utter hysteria throughout the town of Salem. This quite minor fabrication causes a wildfire of deceit to burn throughout the town destroying homes, families and friendships. In the centre of this saga the marriage of John and Elizabeth Proctor has been diminished to a marriage of awkward silences and great mistrust by John Proctor adulterous relationship with Abigail Williams. As the town is in havoc, the Proctor’s marriage is also tested. The play portrays heir struggle to prevail I a world of treachery. In this essay of ‘The Crucible’, I am going to be examining the Proctor’s marriage in relevance to the theme of witchcraft and study why Miler put the marriage at the centre of the play.  When we first see the Proctor’s in Act Two, a conventional view of home life at that period time is portrayed the husband has been working hard on the land, while his wife cared for the children and tended to her family’s needs, but this scene also shows many things. I t shows the need for gratitude from each over, as if they need to please one another vastly. This is depicted many times when John begins to eat. Early on in the scene as Proctor comments on his wife’s food saying ‘It is well seasoned’ which we are aware is false as previously in entering the house he sampled the food and added more seasoning to it, the way this sentence is implied suggests that he is just trying to keep the peace between them. She is content with his praise and eve thrives on his delight in her and feels if she carries on pleasing him he will not go elsewhere for this gratitude, as to his previous mistress Abigail This is not one-sided as John states to Elizabeth after consulting her if she would like a cow he says, ‘I mean to please you’ with her reply being, ‘John I know’. This shows he is attempting to redeem his infidelity and prove to her al he wants is to make her happy and she is aware of his numerous efforts but cannot allow herself to forget the past months.  Elizabeth is still very apprehensive of John and questions him as soon as she is aware of his presence she begins to enquire into his delay home asking him, ‘what keeps you so late?’. Elizabeth shows great suspicion towards John; this is depicted through her eagerness to know what is keeping her husband. He justifies himself by declaring in his defence he was out farming. The premature view of the scene in Act Two reveals great suspicion in this marriage, as Elizabeth is fearful that he has been visiting Elizabeth. This parallels to the witchcraft trials of Salem and the scepticism of the inhabitants as to if someone may blindly accuse them next for minor things such as an argument in the past or over land restrictions. The weariness by the community is shown later in the Act when Reverend Hale is told of the arrest of Martha Corey and Rebecca Nurse to this he declares, ‘†¦ Then nothing left to stop the whole green world from burning’. This statement refers to the suspicion in the town as when one lie has started it is difficult to stop it from causing more lies to arise, this declaration can also be interpreted as the ‘whole green world’ being the forest and when a forest fire is started it is almost impossible to stop the fire in comparison to the wildfire of lies spreading through the region. This leads to the lack of trust in the district of Salem and in the Proctor’s marriage .As we return to the early stages of Act Two we see the Proctor’s involved in a minor dispute as he tells Elizabeth of his moment alone with Abigail, this is where the mistrust in their marriage is exposed and laid bare Elizabeth in disbelief of what she was just confronted with, questions him and asks â€Å"you were alone with her†, and he discards her and tells her, ‘only for a moment, she reads into this as a lie and suspects their liaison has been reunited and is upset he has not informed her of this ‘moment’.  Elizabeth still detects that John is concealing something from her and because of her suspicions continuously questions him as we saw at the beginning of Act Two, her frustrations at him is shown when she says, ‘John you are not open with me’ which explains her distrust in John this is because she feels he is disguising a  Fabricat ion from her.

How economically smart war is Essay

War has been a part of the lives of people since history began. People have battled over different things, ranging from roaming rounds in prehistoric times to control of the world in present day. This essay will analyze how economically smart war is, specifically World War I, from the view of the United States of America. The US entered World War I in 1917; however, we entered the economic war long before that. The US had been supplying Europe with weapons, bullets, and other equipment into the war. The term mobilizing is used in warfare, but our economy was getting a boost without the US sending any soldiers out of the country. These products were inelastic, meaning that the consumers of the goods were unresponsive in change in price. For the US, this meant that they could set prices at extreme prices and the countries that could not make these goods themselves or get from another source had to buy the goods at these extreme prices. This created an economic boom for 44 months from 1914-1918. This also eased the process of the US joining the war. It was not as economically straining to mobilize for war because some facilities that would be used for the war were already functioning close to the production possibilities curve. This means that the facilities were functioning at maximum efficiency. During this time period, the unemployment rate went from 7.9% to 1.4%, showing that as soldiers left to go overseas, jobs opened up on the home front. However, the war had to be paid for somehow, and this somehow came on the form of taxes and bonds. Takes were raised from anywhere from 20%- 60%. War bonds were bought by citizens and were promised to be repaid with interest after the war. However this also would lead to the downfall in the Great Depression, as the government would have no money left to pay the population back with. In my opinion, war has a greater value than the debts it creates. It is about â€Å"flexing your military muscles† to make sure order is kept in the world. Some of the things that soldier’s lives are lost for are found many years later in the forms of our rights and freedoms and do not have a value that can be expressed in dollars and cents. Because these do not have prices, it is a personal opinion weather a war is economically worth the risk. However, I feel that it is worth being able to live the life that I have now than suffer under laws enforce upon our country by the would-be conquers of my homeland.

Economics Internal Assessment Essay

The article discusses the effects of a severe flood in the areas of Thailand to the rice production. The rice production falls to 22 from 23 million metric tons. Supply is quantity of goods and services that producers are willing and able to produce at a given price and time period. The decrease in supply of rice in Thailand is shown by the following graph: The graph above shows that the effect of flood in Thailand decreased the rice crop’s supply. The supply curve shifted to the left from S1 to S2, moving the equilibrium point from point E1 to point E2. The equilibrium price then rises from P1 to P2 and the equilibirum quantity moves to the left by 1 million metric ton. The increase in the price of rice brought advantages to the country. One of it is the increase in the total revenue of rice producers. Rice is a commodity good where the price elasticity demand is inelastic. Price elasticity demand is the responsiveness of quantity demand to the change of price. Inelastic refers the condition where the quantity demanded is less responsive to the change in price. The following graph shows an inelastic demand curve of rice market. As the total of producer’s gain is greater than the total number of loss, the producer receives an advantage of higher revenue from the tragedy in Thailand. Total revenue is the result of the multiplication of the quantity sold to the price of the product. Despite the advantage, the rise in price of rice has brought disadvantage to the customers. As the quantity supplied of rice is decreased, therefore they are unable to buy a larger quantity of rice and as its price goes up it increases their portion of real income spent on rice, as it is a staple food. Thus, it results to the opportunity cost of decreased remaining real income that could be spent on other goods. Opportunity cost is the cost of the best alternative good sacrificed when a choice is made. Due to opportunity cost, the producers of non-commodity products would then be harmed as the quantity demanded for their product falls and therefore their total revenue decreases. To survive, producers will raise the price and thus harm the consumers. Thus, a solution shall be made to avoid further loss of customers. One of them is to apply a maximum price of rice in the country. Maximum price is the price set up by the government below the equilibrium price in order to help the customers, due to the high prices of certain commodity products. As seen on the graph, the maximum price is set at Pmax, below the equilibrium price of Pe. With the imposition of the policy, the customers are able to purchase rice at low price. However, with rice supplied at the maximum price, customers are demanding rice at point QD, while the quantity supplied is at Qe, which leads to a shortage. Shortage is the excess demand of goods and services. In consequence, to satisfy the demand of customers, black market might arise. Black market is a situation where the product is sold illegally at a higher price than Pmax. The seller of the rice might also apply unfair practices to customers such as rationing, where the amount of product is shared equally among customers, creating limitation of consumption. Another solution to avoid shortage is to import the supply of rice from overseas. Import is when a country purchase goods and services overseas. The supply curve then shifts to the right and Pmax becomes the new equilibrium price, thus black market and rationing would not arise. Though it would still bring disadvantage to the domestic producers of rice. The imported rice would be a new substitute good to the high-priced domestic rice. The quantity demanded for locally produced rice will decrease and thus the total revenue of the local producer decreases. Another disadvantage is the occurrence of trade deficit, because the country’s import increases and we assume the export remains constant. Trade deficit is the negative balance where the country’s import is greater than it’s export. Looking at the advantage given by maximum price solution, it is more beneficial for Thailand to increase the producer’s revenue rather than to prevent illegal practices. Thus, implying maximum price as a solution is more effective compared to importing supply of rice.