The discipline I decided to write about was economics. Researching this major was interesting to me because it also happens to be my major. In order to write a well written paper about the major I used technique’s we learned about throughout this course. To be more specific, I used SWAP and RAIDS to aid me in constructing my essay. The subject of this particular essay was economics the major. From the start of the essay I clearly established I was talking about economics and information I found surrounding the major. I used information gained from an interview, article analysis and a survey to learn about economics. With this compilation of different sources, I was able to construct a full research paper on economics. The next letter in SWAP is W. W stands for the writer which is myself. I am the one writing about economics. Economics is my declared major, I currently am taking courses to further my knowledge in this subject. Therefore, I have an understanding for economics and am motivated in increasing my knowledge in this field. I have written research papers before, but nowhere near the the depth this paper researched. Economics, my major, motivated me to do a good job finding reliable information in order to make this paper as accurate as it could be. The audience of this paper is the world wide web. This is an extremely general group of …show more content…
Simply because majority of the paper was based off research I did on economics. A lot of actions went into the creation of this paper. I started off by interviewing an audit analyst, the information gained from this interview took up the biggest chunk of the paper. Other sources of information were used too. Including two articles, one scholarly journal and one trade journal. An analysis of both articles were big parts of this paper as well. Finally, I used data from a survey I gave to economics majors. All of these things were part of the invention process of this
Jobs, Charles. "Peakonomics: toward a case typology for increasing undergraduate economics literacy and concept retention." Journal of Economics and Economic Education Research 9.1 (2008): 19+.General OneFile. Web. 17 Feb. 2014.
Throughout history, many different types of economic models and theories have been developed. These different philosophies of business often were an important and integral part of a government’s basic structure. For example communist countries like China and the Soviet Union practiced a type of socialism. While, democratic nations like the United States and Canada practice forms of capitalism. Also within these economic models exists different theories as well such as Keynsian economics and laissez faire economics. To understand how these types of economies work in the world today, it is important to study and define a variety of economic systems. Researching such economic systems as capitalism and socialism, and also looking at the ideas of laissez faire and the Keynsian economics, a person will start to have a better understanding of how business works in the world today.
I am currently an English 160 student who is hoping to move on to the next course, which is English 161. I understand the requirements for English 161. It require students to explore a topic in some depth and conduct independent research related to that topic. Conducting research allows students to learn what it is like to participate in academic culture, posing questions about important issues and developing an argument in response to what others have said. It expected students to learn the most valuable skill in college, which is critical thinking. Students have to be able to read challenging readings. Although I still have problems with English, I think I’m qualified to move on.
Thomas, Cal. “Is the American Dream Over?.” They Say I Say: The Moves That Matter in Academic Writing. Graff, Gerald. Birkenstein, Cathy. New York. London: 2012. 569.
Classical economists such as, Jean Baptiste Say, Adam Smith, David Ricardo, and Thomas Robert Malthus, had a different view about the role of the government in a capitalistic society. The classical economists believed in a laissez-faire economy. They believed that the government should keep their hands off the nation’s economy. They felt that the market will be able to keep itself stable, without the intervention of the government. Jean Baptiste Say believed that supply would create its own demand. The classical economists had an assumption that the aggregate production of goods and services in the economy generate enough income to purchase all output. They also had the assumption that savings by the household sector matches investment expenditures on capital goods by the business sector.
Capitalism has never been dead and will be here for at least the next century. In a world where the market is filled with imperfections, it is in order for the government to interfere to restore order in the market. Increased concerns over the 2008 market collapse prompted the government’s to take charge of their responsibility and act. Capitalism is a system of government that favours individual growth with minimal government interference. The opposite of capitalism is communism, where the property owner is the state, and the main aim is social welfare enhancement. A mixed economy embraces the two and balances between the extremes. Many countries across the globe have adopted a mixed economy as it reduces the losses suffered by the countries that practice the extremes. Capitalism has been known to be responsible for growth of economies among them, the United States, Britain, and other developed countries. In this essay, we shall examine the future and nature of capitalism in the light of a mote communist future.
i. The economy is said to be ‘booming’ when demands for certain products and services rise. When demand rises, the prices will also increase. Increase in price can boost up the company’s profit. This enables companies to hire more workers thus increasing the numbers of employments. The increase in company’s profit also allows employers to raise the employees’ wages. When companies have more workers, they would be able to produce more products. Overtime, these outputs will then be sold to the people with jobs at a higher price because of the scarce amount of resources available.
Capitalism can be many different things, but it is basically an economic system that is based off
Ed. Edward N. Zalta, Ph.D. Winter 2011 Edition ed. Web. The Web. The Web.
Almost everyone in our society engages in economic decision making at some point. Budget constraints influence us all and our economic decision making. In a perfect world, the sum of all our expenses should never exceed the availability of our money. The basis of economic decision making is one’s desire to maximize benefits while minimizing costs. “Economist reason that the optimal decision is to continue any activity up to the point where the marginal benefit equals the marginal cost – in symbols, where MB=MC.” Hubbard, R.G. & O’Brien, A.P. (2013).
Shippensburg University Journal. Sept. 1, 1997. Web. The Web. The Web.
Can a person’s worth be measured? Every person’s value or purpose in life is quantifiable by the economic worth of each individual. Those who are a burden to society by not being able to reach financial balance and must rely on others to provide and therefore are seen as dispensable. This is book argues that human life has no worth and we are only valued for what we can provide for those around us. Thus, those who can provide more to those around us are more successful in life. Within the book The Unit, a single person’s purpose and value in life is quantifiable to the economic worth of every other individual.
Capitalism is the economic system in which production, distribution and, exchange of goods takes place for profit by people's own interest. In capitalism, private owners control over industry or market with none or very low interference by government. Capitalism provides right to express their freedom by making decision about their goods and labor. It gives right or freedom to choose what to produce, how to produce and, price of that product. Producer will decide that for how much he or she wants to sell his or her product. These, exchange of goods, all mainly depend on the laws of supply and demandl If there is no demand for a specific product, that producer won't be able to sell his/her product with profit. In contrast, on high' demand of a product, producer can sell and make a lot of profit. The main principle of the capitalism is to give freedom to the individual for their ability to produce something based on consumer demand and, interest in exchange of goods by means of profit and need. In sHort, people get freedom to run the market based on their ability and interest. In an ideal world, it supposed to benefit everyone, producers and consumers, because producer wilf produce and make profit from what people want and consumer will pay what they think the product is worth for. In Capitalism, private owner's make profit over labor. In-real world, labor get less money for their work on which owner make profit. Capitalism provides us freedom of individual, but it neglects the stability of the society.
The economics, as an independent subject has already existed in this world for a long time. Maybe some people believe that the knowledge which is contained in economics is so far from them that it is not necessary to consider about is. Actually, economics always hides in our daily life and effects decisions what we made. Once I have hold the same opinion of economics is not really my business, but I do not think like this any more after I studied this subject. Economics no longer acts as an abstract terminology lying on the textbook far away from me, this word became meaningful and I am sure it will make some changes not only in my mind, but also in my future life.