In the recent decades, the issue of employment has become considerably serious due to progressive importance of the economic world. The Foundations of Economics textbook written by Andrew Gillespie (2011) and an online text website (www.vtstutorials.co.uk) designed by John Kane (2014) have been chosen for this comparative critical review (CCR). The Labour Market chapter chosen from the textbook aim to develop readers' understandings of the labour market, similarly, the website focus on formulating the relationship between labour business and economic. The purpose of this CCR is to provide a thorough comparison of these sources and evaluate the more convincing and accessible one for students and educators to apply. This CCR is going to argue …show more content…
On the contrary, brand-new information can arouse people’s interest to study because these new messages are more related to readers’ lives. In term of the editing time, the online program probably has a slight advantage because this website was designed in 2014 while the book was published in 2011. Secondly, the subtitles of the website (Kane, 2014) contain many current issues such as gender wage differences, racial differences in earning and Ethnic differences in earnings, these information were excluded in the textbook. Nevertheless, the textbook (Gillespie, 2011) has introduced numerous events happened in last years while the online notes are short of providing real cases. For instance, this textbook (Gillespie, 2011) uses the world’s 10 most popular bands in 2012 and the wages of five top Premier League Clubs during 2008 to 2009 as two applicable examples to help scholars and students understand a subtitle named Changes in demand and supply of labour. However, the textbook indicated a case study in Earning in the UK in 2005 might be slightly outdated. In addition, after comparison, the graph and statistics in both sources are similar, and this might prove that the data are output in close time and …show more content…
After comparing in details, it can be observed that the chapter (Gillespie, 2011) is more well-organised than the website (Kane, 2014). First of all, the places of definitions in the textbook are much better than webpage. Because the textbook’s key terms are normally presented before or after relevant examples while the website (Kane, 2014) is simply separate the definitions from other supports. This organisation of definitions can highly enhance the understanding of knowledge points and improves the efficiencies of readers. Furthermore, the chapter is divided into eleven subtitles, and each of them have their own points as well. Similarly, the website is separated by eleven units which the first unit is an overall view of the whole chapter. In the textbook (Gillespie, 2011), there are several questions for putting into practice after each small topic while the website has no questions in the end. These questions can push students to consider deeply after learning every small topic. In addition, the textbook provides various checklists, review questions and key learning points at the end of the whole chapter, this arrangement is useful for scholars and students to review learned contents. On a contrast, there is no any review questions or checklist occur at the end of the website, this weakness might lead to the need of
According the book, The General Theory of the Employment, Interest and Money, Keynes argues that the level of employment is not determined by the price of labor but by the spending of money on collective demand. Also, he argues that it is wrong to assume competitive market will deliver full employment. Likewise, it is wrong to believe that full employment is natural, the self-correcting and equilibrium state of a monetary economy. In contrast, under employment and under-investment are natural states to be seen unless active measures are taken. Also, he argued that the lack of competition is not the fundamental problem and measures to reduce unemployment by cutting wages but ultimately futile. He points out that there is no self-correction property in the market system to keep capitalism going. A badly depressed economy could remain in stagnation unless some alternative of capital spending is found to revive it again. The only source of stimulation is the government. Therefore, the government...
Despite its size, only 190 pages, the authors address the basic concepts of economics while also applying those politically and for personal finance decision making. Those basic concepts include scarcity, gains from trade, marginal decision-making, profit management, income growth, and Adam Smith’s invisible hand theories are all discussed within the first part of the book; allowing readers to understanding the concepts, Gwartney applies the same concepts to the creation of wealth and the importance of competition, private property, open trade, monetary stability, and lower taxes. This book educates its audience by evaluating our economy and government mechanisms without the overpowering display of charts, formulas, and graphs; which you would typically see in a textbook allow...
J. Blink, I. D., 2011. Oxford IB Diploma Programme. ,: Economics: Course companion. Oxford: Oxford, p. 71.
“Everything we see hides another thing, we always want to see what is hidden by what we see. There is an interest in that which is hidden and which the visible does not show us. This interest can take form of a quite intense feeling, a sort of conflict, one might say, between the visible that is hidden and the visible that is present.” (Magritte)
October of 1962 is considered by many the closest the world has ever been to a third World War. As pressure between the Soviet Union and United State grew so did the fears of the American people. Due in part because of its proximity to the United States, Cuba was the perfect place from which the Soviet Union could launch an attack. This was cause for real alarm, Cuba had already begun building silos and launch pads for nuclear missiles that would be able to do massive amounts of damage to the United States. John F. Kennedy’s speech regarding the Cuban Missile Crisis was one of the greatest factors in preventing a third World War as well as keeping domestic peace.
Seldom do individuals realize the significance of acquiring a proper understanding of economics as a whole, let alone any subfields that branch off of it. Every aspect of economics is relative to another within itself, much like the roots of a tree are relative to the leaves or fruit that it bears. Attempting to distinguish between micro and macroeconomics in terms of significance to the real world is unavailing. Having a formal comprehension of this science begins with the principles and theor...
Today we have the world at our fingertip, literally with the internet, we can search for anything and have an answer within seconds. However, the information we receive may be wrong., and that can make a person look foolish. Being wrong on a piece of trivial information is one thing, but being wrong in an area of expertise can have dire consequences. One of which is loss of reputation, this can lead to loss of a job and the inability to get a new one. Another, is loss of credibility, if an educator loses credibility the students will discount his or her teaching, questioning the educator’s knowledge. Because, a teacher can lose believability they must have sources that are reliable, credible, and unbiased. They need to look at the author, the
Kroon, George E. Macroeconomics The Easy Way. New York: Barron’s Educational Series, Inc., 2007. Print.
The disparities between the two views of the economy lead to very different policies that have produced contradictory results. The Keynesian theory presents the rational of structuralism as the basis of economic decisions and provides support for government involvement to maintain high levels of employment. The argument runs that people make decisions based on their environments and when investment falls due to structural change, the economy suffers from a recession. The government must act against this movement and increase the level of employment by fiscal injections and training of the labour force. In fact, the government should itself increase hiring in crown corporations. In contrast the Neoliberal theory attributes the self-interest of individuals as the determinant of the level of employment.
McEachern, W. A. (2012). Macroeconomics: A contemporary introduction (10th ed.). Mason, OH: South-Western Cengage Learning.
Analysis of the labor market in the economy reveals a reduction in vacancies while the number of job seekers significantly increases over the past few decades (Dickerson, 2008, p.1). Particularly, the youth employment looks worrying with a serious downward trend with so many of them unemployed. The numbers of free people who are full educated or trained have also decreased. The unemployed in the economy are either inactive or unemployed. The annual changes continue to show a rise in unemployment of young people both for student and others. With lack of government employment as well as training programs, many individuals opt to seek for self-employment (Dickerson, 2008, p.1). Statistic continues to show that there has been an increase of workless people in comparison to the vacancies available. The general picture, therefore, remains that labor market constantly fails to meet the needs of people regarding employment. Although this is the case, there has been some variation across regions with Scotland and Wales in the UK showing decreased performance. There remains a risk that employment will increase in the coming years. The present concern is long-term unemployment, specifically with regards to the youths who are most disadvantaged in the labor market (Dickerson, 2008, p.1).
Cohen, L. Manion, L. Morrison, K. and Wyse, D (2010) A guide to teaching practice. London: Routledge.
Rittenberg, L. and Tregarthen, T. (2012). Macroeconomics Principles V. 2.0. Licensed under Creative Commons by-nc-sa 3.0 (https://creativecommons.org/licenses/by-nc-sa/3.0/)
...an overabundance of information all applicable to the topic. My feeling was that such an overwhelming load of facts and systems directed me away from the most important facts of the chapter. Its imperative that the student understands the small scale relationship to economic development. Therefore my attempt was to highlight the main topics of the chapter and relate them to the reader to provoke intrest and thought towards many of these important life changing situations that occur everyday. If one can see past all the theories primarily and see the cause and effects behind them, they’re appreciation for the ideas stated in the theories.
It is expected that the profession of teaching embraces many qualities of any other professional practice. Teachers must possess a combination of many qualities beginning with a strong academic background and wide-ranging knowledge. The National Framework for Professional Standards for Teaching (2003) it is the knowledge of students, curriculum, subject matter, pedagogy, education – related legislation and the specifically teaching context that is the foundation on effective teaching, and a firm foundation on which to construct well educated judgments.