What Is Discrete Mathematics

Mathematical ideas are often divided into two types, those that are continuous, and those that are discrete. An example of continuous is the number line. Between any two points, there are always more points. For discrete sets, this is not true. For instance, in baseball there are four bases. If you get a hit it is either a one-base hit (what we call a single), a two-base hit, a three-base hit, or a home run. There is no such thing as a 2 1/2 base hit. Discrete things are found in bundles or lumps, and you can only have certain numbers of them. Money is another discrete idea because you can not sell anything for $0. 005. Prices can be grouped for specials, like 2 for 99 cents, but if you buy one it is either 49 cents or 50 cents. Discrete does not mean it has to be whole numbers, but it does mean there are only some that can be chosen, and some can not. Discrete sets can be infinite, but they can not be infinitely divisible. For example, the counting numbers from 1 to infinity are discrete, because, like the bases in baseball, you go from one to two and then to three but not the points in between. The number line from 0 to 1 is not discrete but continuous, because between any two points in the set, there is always another point. This is the key that makes the difference. In discrete we can talk about things that are â€Å"next to† each other, with nothing between them, while in continuous sets we cannot.

Earth Science: Atmosphere Essay Essay

The atmosphere is practically everything above the Earths surface. It starts at ground level and then just goes on upward, getting thinner and colder until it finally dissolves into space. The atmosphere makes our world livable. It is responsible for winds, weather, temperature and a lot more features that make the Earth different than other planets. Without it, the Earth would be more like the moon. From a general point of view, the atmospheres composition seems simple. It contains oxygen produced mostly by algae and other plants. Statistically speaking, it is composed of 79% nitrogen, 20% oxygen and 0.036% carbon dioxide. The rest is made up of small amounts of other gases. The atmosphere is divided into four layers. The atmosphere also has a layer of ozone. The layers of the atmosphere listed from lowest altitude to highest altitude are the troposphere, stratosphere, mesosphere and thermosphere. The troposphere extends from the Earths surface up to about 14 kilometers in altitude. All human activities occur in the troposphere. The troposphere is the layer where all weather we experience takes place. It is a thin layer of the atmosphere. The warmest part of the troposphere is at the bottom. Commonly in the troposphere, altitude increases as temperature decreases. However there is an exception. Depending on wind currents, mountain ranges can cause lower troposphere areas to have an opposite effect. The next layer is called the stratosphere. There are gradual changes from the troposphere to the stratosphere. The stratosphere starts at about 11 km in altitude. Here, the air flows mostly sideways. Most commercial aircraft travel takes place in the lower part of the stratosphere. Extremely high and wispy clouds can form in the lower stratosphere; however no major weather formations can take place in the stratosphere. In this layer, temperature increases as altitude increases. The third layer of the Earths atmosphere is the mesosphere. This layer extends from 50 to about 80-90 km in altitude. Temperatures in the upper mesosphere fall as low as -100 °C. The temperature varies in this layer by latitude and season. Temperature decreases with altitude in the mesosphere.  The mesosphere is commonly known as the middle layer. The last and uppermost layer of the atmosphere is the thermosphere. In this layer, temperatures can reach an outstanding high of 1982 degrees celcius! Extreme thermosphere temperatures are a result of UV radiation absorbtion. Radio waves bounce off the thermosphere. The aurora is found in the thermosphere. The Aurora Borealis and Aurora Australis are the northern and southern lights. They cause magnetic storms near the polls. The ozone layer is concentrated in a thin layer located at the uppermost part of the stratosphere, approximately 15-30 km above the Earths surface. Ozone is an exceptionally reactive form of oxygen. The roll of the ozone layer is to protect the Earth from the harmful effects of ultra violet radiation. To complete its role, ozone needs atmospheric oxygen. Ultra violet radiation is bad because it causes breaks in the human bodys nuclear proteins leaving opportunity for cancers and other health issues to take place. U.V. radiation also has bad effects on some crops, materials and marine organisms. Ozone is much less widespread than normal oxygen. The formation of the ozone layer is a tricky matter. Out of every 10 million molecules, about 2 million are regular oxygen. Another important topic on the atmosphere is atmospheric pressure. Air pressure is defined as the gravimetric force applied on you by the weight of air molecules. The Earths atmosphere presses down on every surface with a force of 1kg/cm2. This means that the force on 1000 square centimeters would be nearly a ton! Weather scientists measure air pressure with a barometer. Air pressure effects weather in the sense that if there is high air pressure, there will be cooler temperatures and sunny skies. If there is low air pressure system, there will be warmer temperatures and possibly thunder storms. The atmosphere is extremely vital to Earth. Without it, the Earth would be unprotected from UV radiation and there would be no persistent climate and weather patterns. It is our jobs as humans to do what we can to protect the atmosphere. WORK CITED. The book I used was. Earth Science Demystified by Linda Williams. Published by Mc Graw Hill. 2004

Innovation, Entrepreneurship and Management Essay

Innovation, Entrepreneurship and Management - Essay Example Implication of Current Global Financial Crisis on Innovation of Firms Since innovation relies on resource allocation in terms of research and development, it is likely to be affected by current global financial crisis (Nakagawa,pg.258). A closer scrutiny of various European firms has revealed a significant change in innovation investment amidst the economic crisis. A survey conducted in 2009, revealed significant shifts in innovation investments across various firms in Europe where innovation investment and expenditure in firms declined from 40.2 percent to 10.6 percent (Filippetti and Archibugi,pg.2). The reduction in innovation investment and expenditures was attributed to direct effects of global financial crisis and recession. The economic crisis and recession reduces the short-term willingness of firms to engage to invest in innovation due to adverse macroeconomic environment that firms operate within (Archibugi, Filippetti and Frenz,pg.2). The mode of financing channels for Eur opean enterprises has been through bank loans and stock and bond market. In fact, most European banks have reviewed and tightened their money supply regulation due to global financial crisis (Fasnacht,pg.73). ... Most firms rely on profits and extra revenues for their research and development initiatives. Since the global economic meltdown is directly related to earnings of companies, any slight reduction in companies’ profits can affect their innovation approaches and incentives (Savona, Kirton and Oldani,pg.140). All business sectors and companies in Europe have felt the effect of the ongoing financial crisis in varying degrees thus leading to deterioration of their revenues and profitability. The reduction in financial results of European companies is linked to reduction in consumerism, export cut back or reduction and shifting demand in domestic consumers. Cash flow and increased profitability and revenues are crucial for the survival of companies in relation to engagement in innovative activities. Robust and increased cash inflow in terms of profitability and increased revenues provides the safest protection of companies to engage in innovation. Research and development initiative s in European firms have hence been affected by the ongoing global recession due to the fact that their commitments to innovation have been pegged on success in revenue and profit growth. On the other hand, the ongoing financial crisis and economic turmoil has not affected the commitment of other European companies to innovation. This is particularly evident in high performing businesses that continue to invest in innovation amidst the economic turmoil (Heinrich and Betts,pg.34). Although other firms and businesses have panicked and reduced investment on research and development, some high performing firms have remained calm and are continuing to invest in innovation even though there has been pressure for such companies to reduce capital expenses (Shahzad, Ullah and Azam,pg.6). The

Anonymity and exclusion Essay Example | Topics and Well Written Essays - 250 words

Anonymity and exclusion - Essay Example This culture of anonymity conceals the criminal participation. The unintentional creation of anonymity has rendered loss of information to the society especially through destructive events and passage of crucial time. Some countries regard anonymity as an illegal trend. Most people who have been threatened usually use anonymity as a mitigating factor. In mature democracies like the United States of America, states have the stop and identify policies which requires that a person to abide by self -identity. The concept of exclusion implies the inability of an individual to participate in social, political and economic activities. Hugh-Jones & Reinstein (2009) asserts that social exclusion is regarded as a result feature of unemployment. Unemployed persons have no adequate income to survive hence they are socially excluded from the society. However, employed persons can put up in a polluted vicinity hence rendering life uncomfortable. Legally, this is a two way traffic scenario. Coleman,  S., & Queens University (Kingston, Ont.) (2003). The e-connected world: Risks and opportunities. Montreal: Published for the School of Policy Studies, Queens University by McGill-Queens University

PSYCHOLGOY ( MOTHERS WHO KILL THEIR CHILDREN) Assignment

PSYCHOLGOY ( MOTHERS WHO KILL THEIR CHILDREN) - Assignment Example Since, this is abnormal and unacceptable for a sensible mother. However, the discussion coupled with much time and money spend to yield to a valid reason why infanticide occurrences; this rests with forces of society, besides health complications. Primarily, society contributes immensely to infanticide than one’s mental incapability, which emanates from stress prompted by child’s responsibilities involved (White & Meyer 24). Psychologists, medical practitioners and scholars, via numerous researches from the past, have lacked valid reason why a mother would opt for an infanticide. All what they hold to are speculations, which range from social to medical disorders, and they normally recommend medical check up as an absolute remedy (White & Meyer 73). Conversely, a paternal killing prompts the society to wail loudly for a speedy and tough action against the offender. Speculations arrived at for an infanticide especially from mother’s perspective encompass societal, like depression emanating from salvaging a breaking relationship due to the childs presence (Ian 75). Other occasions may be due to harsh treatment by her spouse where she wants to retaliate to what she has undergone, hence killing the baby. Mothers sometimes due to their immense mercy may opt for infanticide due to what they speculate the child will suffer in the absence of required necessities (Shelton, Yvonne & Kathleen 23). To date, despite numerous and intensive studies, they have not concluded concrete reasons meant for maternal killings. Since, this remains a mystery bearing in mind that the safest people with a child are the biological parents. The world elite to date and in the future will remain to be making mere speculations regarding the causes and remedy for infanticide (White & Meyer 20). Shelton, Joy Lynn E., Yvonne Muirhead, & Kathleen E. Canning. Ambivalence Toward Mothers Who Kill: An Examination Of 45 U.S. Cases

Marketing story analysis Essay Example | Topics and Well Written Essays - 1000 words

Marketing story analysis - Essay Example The story under analysis is â€Å"When marketers capture the moment† by David Benady. It was posted in the Guardian on 13th November 203. This piece explains the impact of real time marketing. The author argues that consumers today are more demanding from advertisers. They require witty but relevant messages, which must be delivered in real time. Companies like BMW, biscuit maker, Oreo and Betfair have used this strategy to capture new markets. These businesses have revolutionised consumer reach through social media. Nonetheless, one must invest considerable resources to achieve any clout. Literature review Consumer behaviour The consumer decision model is quite useful in explaining consumer behaviour. Blackwell (2001) explains that consumers often engage in a seven-step decision process. First, they recognize their needs, search for information, evaluate alternatives, buy, reflect upon their purchase and divest. Sometimes stimuli could alter this process. The stimuli may be internal or external. International influences include the knowledge, resources, personality or attitudes of the buyer. External influences involve social class, family, culture or certain situations. In this regard, consumers are active thinkers and planners. Erasmus (2001) disagrees with the above writers by stating that consumer behaviour is not always rational. Sometimes individuals may behave in a non conscious manner. Consumer behaviour is sometimes opportunistic and even disorderly. Using rational approaches may discount the relevance of emotions and other dynamics. 7 Ps The 7Ps marketing mix is a conceptual framework in which key decision makers configure their offerings in order to mach customer needs (Andersson, 1992). Palmer (2004) explains that the tools are useful in short term tactics as well as long term strategies (Chaffey et. al., 2000). Moller (2006) likens the elements of the marketing mix to ingredients of a cake. Their proportions can be changed in order to prepare the perfect cake (Patterson and Ward, 2000). The marketing manager must attempt to trade off benefits of one concept with gains from the other (Peattie, 1997). A company’s marketing philosophy comes from its allocation of resources within the 7Ps (Egan, 2001). This approach separates marketing from the rest of the organisation and allows for delegation of marketing duties to specialities (Ingram et. al., 2007). Some authors disagree with the above sentiments by explaining that not all parts of the 7Ps need to be given equal attention; certain aspects are more cri tical than others (Stratten, 2010). Furthermore, most companies regard product as a distinct component (Jobber, 2010). However, some companies sell a series of products, each of which is connected to the other in the mind of the consumer (Pride and Ferrell, 2010). When implementing the marketing mix, one may consider marketing as culture, as a strategy, or as a tactic (Rafiq and Ahmed, 1995). Communications mix The 4Cs are a fundamental framework used to explain how companies select marketing communications. Scholars posit that this could be done on the basis of control, costs, credibility and communications (Gilliland and Johnston, 1997). If an organization feels that it needs to control message delivery, then it may opt for personal communication mixes (Balmer and Gray, 2003). The financial resources that a company has may affect its ability to exert leverage over the third party that is transmitting the message (Mohr and Nevin, 1990). Credibility in communications is often ascert ained through a third party that seems objective in order to distract consumers away from the actual intention of selling (Houston and Gassenheimer, 1987; Houston and Gassenheimer, 1987). Finally, the geographic dispersion of the target audience will determine how effectively the message reaches its audience (Stern and El-Ansary, 1995). Analysis In the case under analysis, the author feels that consumers in social media have raised their expectations concerning consumer brands

Article Review Research Paper Example | Topics and Well Written Essays - 500 words - 5

Article Review - Research Paper Example The article highlights that the millennial group has been slowly surpassing the baby boomers and it currently defines the largest age group. Prior to the emergence of the millennial, many businesses focused on understanding the behaviors of baby boomers in an effort to launch products that suited their needs. The Millennials’ group seems to have entirely different spending patterns and consumer behaviors. This compels businesses to develop new strategies that match the new consumer model. Notably, the millennial have grown up to face challenging economic times that have contributed to their consumer behaviors. They are not focused on making big purchases such as houses and cars. Most of them still live with their parents, and they have not adopted a life of independence. Businesses are struggling to understand the unpredictability of this group who have a high level of education, but with new consumer behavioral patterns. Although the group is currently facing financial challe nges resulting from the economic recession, future projections indicate that they are likely to control the economy in the future (Searcey). This is one reason why marketers are interested in understanding their consumer behavior. The article is relevant to modern marketers who seek to understand the consumer behavior in an effort to determine the type of products launched into the market. There has been an evident confusion experienced by many companies who wish to target the Millennials, but do not have a clear understanding of their consumer behavior. This article presents critical information to marketers in the modern day and in the future. The article succeeds in highlighting the salient need for further research in understanding the consumer behavior of the Millennials group. It serves to place emphasis on the need for companies to understand how the Millennials group

Site to Site Internet Protocol Security Essay Example | Topics and Well Written Essays - 1500 words

Site to Site Internet Protocol Security - Essay Example In VPN Tunneling technology, all traffic is forced through a secured site. Furthermore, one network is able to send its data via the connection to another network. The implementation of IPSec can take place at the end host or in the routers or even in both depending on the security requirements of the users (Doraswamy & Harkins 2003). With IPSec, any piece of information sent from one site to another remains secured due to the involved extensibility of the Internet Protocol layer. In this study, therefore, we will discuss tunneling, architecture, authentication and the associated standards in attempts to describe IPSec protocol. Of all VPNs, Tunnel Mode is the most commonly used in IPSec implementations Tunneling is the transmission of data intended for use within a private network through the public network. In this case, therefore, data is conveyed by a public network, which is the internet, on behalf of the private network. This is achieved through the protection of IP packets by the IPSec in such a way that the original packets get wrapped, encrypted and a new header added before being sent to the other side of the VPN tunnel (Tiller 2000). Configurations of IPSec VPN tunneling can also be done using Generic Routing Encapsulation (GRE) Tunnels with IPSec. The GRE is an encapsulation protocol of an arbitrary network layer protocol over another different arbitrary network layer protocol (Javin Technologies 2005). In this protocol, packets known as payloads need to be encapsulated and delivered to some destination. First, the payload is encapsulated in a GRE packet then in some other protocol before being forwarded. The outer protocol is known as a delivery protocol. "Security in a network using GRE should be relatively similar to security in a normal IPv4 network, as routing using GRE follows the same routing that IPv4 uses natively."

Article of Capital Budgeting Survey Essay Example for Free

Article of Capital Budgeting Survey Essay This research is motivated by two major factors: (1) the  over twenty year hiatus since the last thorough review ofthe capital budgeting survey literature, and (2) past appeals to the finance academic community by researchers to explore  neglected areas ofthe capital budgeting process. In response, and using a four-stage capital budgeting process as a guide, the authors review the capital budgeting survey literature  from 1984 through 2008 and find that some ofthe neglected  areas have infact been directly addressed. Unfortunately, the most prevalent focus of capital budgeting surveys continues  to be that ofthe selection stage. As a result, many areas ofthe capital budgeting process still remain relatively unexplored, providing numerous survey research opportunities. This research effort is motivated by two tnajor factors: 1)  the twenty year hiatus since the last thorough review of the capital budgeting survey literature, and 2) past observations and appeals made to the finance academic community by  fellow researchers to explore neglected areas of the capital budgeting process through more focused and directed survey  research. Richard M. Burns is a Professor of Finance at the University of Alabama at Birmingham, AL Joe Walker is an Associate Professor of Finance at the University of Alabama at Birmingham, AL. The authors wish to thank the Editor and the anonymous referee for their many helpful comments and suggestions. 78 The first factor stands on its own as justification for an update of the capital budgeting survey literature. The last comprehensive reviews were made by researchers Scott and Petty (1984) and Mukherjee (1987) over twenty years ago. Regarding the second factor, almost three decades ago, Kim (1979) noted that too much emphasis was being placed on methods of ranking and selecting capital budgeting proposals. Scott and Petty (1984) also noted the disproportionate (unjustified) amount of time [spent] on a particular stage (financial analysis and project selection) Further, Gordon and Pinches (1984) generalized this complaint by arguing that the capital budgeting process must be viewed in its entirety. Mukherjee (1987) agreed that further survey efforts need to be devoted to understanding the entire process. To address these two factors, the authors have provided a current review of the capital budgeting survey studies over the past twenty-four years. The results are reported in a four-stage capital budgeting framework that allows a more detailed and clear assessment of the appeals by past researchers. As a result, fertile areas for future applied research in the area of capital budgeting survey work are more easily identified and summarized. The organization of this paper is as follows. In Section I a four-stage capital budgeting process will be identified and used throughout the balance ofthe paper. It provides a useful framework to evaluate in more detail the most prominent capital budgeting survey literature reviews of the past, to highlight neglected areas of capital budgeting research, and to organize past appeals for future research in this area. In Section II this four-stage process will also be used to describe the procedures used in performing the capital budgeting 79 BURNS WALKER CAPITAL BUDGETING SURVEYS: THE FUTURE IS NOW survey literature update over the 1984-2008 period. Section  III will continue to use this framework to present the detailed findings while Section IV will provide an overall summary.  Finally, Section V will present conclusions, comments, and  insights for future survey research. I. Past Reviews and Appeals appears on an executives desk and all that is needed is for the manager to choose the project(s) with the highest expected payoff. However, as most managers quickly learn, this is not the case. Further, once projects are chosen, the evaluation  of an individual projects subsequent performance  is usually either ignored or often inappropriately  handled.  Our contention is that the capitalbudgeting process must be viewed in its entirety,  and the informational needs to support effective  decisions must be built  into the firms decision  comprehensive reviews  support system. In the corporate finance  capital budgeting survey  literature  the  capital  The last budgeting process has been  were made by researchers Scott  described in terms of four The two most significant stages: 1) identification, attempts to assess the and Petty (1984) and Mukherjee 2) development,  3)  balance of research among  (1987) over twenty years ago.  selection, and 4) control.  these four stages were those  The identification stage  of Scott and Petty (1984)  comprises the overall process of project idea generation and Mukherjee (1987), both of which occurred well over including sources and submission procedures and the twenty years ago.^ Scott and Petty provided a synthesis of earlier surveys of  incentives/reward system, if any. The development stage involves the initial screening process relying primarily large American firms and organized their analysis based on a upon cash flow estimation and early screening criteria. The three stage classification: 1) project definition and cash flow selection stage includes the detailed project analysis that estimation 2) financial analysis and project selection, and results in acceptance or rejection of the project for funding. 3) project implementation and review. Citing Gitman and Finally, the control stage involves the evaluation of project Forrester (1977), they noted that: project definition and cash flow estimation is performance for both control purposes and continuous considered the most difficult aspect ofthe capital improvement for future decisions. All four stages have budgeting process. The financial analysis and common areas of interest including personnel, procedures, project selection stage, which receives the most and methods involved, along with the rationale for each. attention in the literature, is considered the least All four stages are critical to the overall process, but difBcult ofthe three stages   the selection stage is arguably the most involved since it includes the choices of analytical methods/techniques used, Also covering surveys of large American corporations, how the cost of capital is determined, how adjustments for Mukherjee (1987) agreed that there had been too much projects risks are assessed and reflected, and how, if relevant, survey focus on the selection stage and not enough on the capital rationing affects project choice. The selection stage other stages as well as the overall capital budgeting process. has also been the most investigated by survey researchers, Paraphrasing that papers recommendations, it called for particularly in the area of selection techniques, resulting in more research into specific questions relevant for each stage. a relative neglect ofthe other stages. This in turn has led to For example, in stage 1, future surveyors were urged to appeals to future researchers to consider the other stages in investigate the reward systems, procedural aspects, and the their survey research efforts. As Gordon and Pinches (1984) organizational structure ofthe firm. In stage 2, more research note: was suggested on the topics of divisional vs. corporate Most of the literature on the subject of capital biases, strategic considerations, cash flow estimation budgeting has emphasized the selection phase, details, data details, cannibalization, risk, and inflation. giving little coverage to the other phases. Instead, Even within the more widely-studied Stage 3, neglected it is usually assumed that a set of well-defined capital investment opportunities, with all of the informational needs clearly specified, suddenly ^ o t e that these two reviews are only three years apart based on publication See Gordon and Pinches (1984) and Mukherjee (1987). Scott and Petty (1984) use a similar 3-stage process. It is interesting to note, however, that an even earlier survey by Gitman and Forrester (1977) had used a 4-stage analysis. date, and that the latter does not cite the former, likely due to publication lags. As noted in the procedures section, this paper uses the Mukherjee format. Furthermore, the title of this paper derives from Mukherjees title. 80 areas were identified such as the rationale for the various methods used, how firms compute their cost of capital, the low rate of risk recognition, the associated low rates of risk adjustment and assessment sophistication, capital rationing (and the low usage of linear programming), and the details of authorization levels. Finally, with regard to Stage 4, more research was encouraged into the details of performance evaluation, how the company follows up on such evaluation, the details of expenditure control procedures, and the reward system for performance. How well these appeals have been answered with subsequent survey research is the primary focus of this paper. In the next section the authors describe the procedures employed to assess the effectiveness of these appeals made over twenty years ago. II. Procedures Consistent with the reviews by Scott and Petty (1984) and Mukherjee (1987), the following criteria were used to choose capital budgeting survey articles for inclusion in this review: the surveys had to involve large US firms, they had to be broad-based (not focused on one particular industry), and they had to be published in mainline academic journals post-1984. Using these criteria resulted in the selection of the nineteen capital budgeting surveys included in Figure 1. The Figure provides, in chronological order, the survey year (which in all cases differs from the publication year), authors, research method, usable responses and the audience surveyed. Each of these 19 survey articles was then thoroughly examined in an effort to identify the stages and areas within each stage that the survey covered. The results of this process are reported in Figure 2 and consistent with Mukherjees (1987) chronological ordering in a tabular form indicating areas of investigation within the four stages ofthe These more specific questions are largely paraphrased from Mukherjee (1987) and are not fully exhaustive. The interested reader is, of course, encouraged to read this very thorough article in its entirety. †¢Ã¢â‚¬ ¢The initial search using Proquest (ABI Inform) specifying capital budgeting surveys in scholarly journals after January 1, 1984, yielded over two hundred results. However, the great majority were published in the non-mainline journals, including many strictly practitioner (trade journal) outlets and /or were focused on a particular country or industry and thus eliminated by the screening criteria. To insure against missing articles due to any limitations ofthe ABl database, the authors checked the references ofthe surviving articles, and in addition, conducted a manual search ofthe most cited finance journals tables of contents and the reference sections of the various survey articles found. JOURNAL OF APPLIED FINANCE ISSUES 1 2, 2009 capital budgeting process. It should be noted that the Figures herein were slightly altered from Mukherjees original format to better focus on selected issues that were identified specifically as areas of neglect. For example, the category of techniques was divided into techniques used and reasons for techniques used. Similarly, the risk category was divided into risk recognition, risk assessment, and risk adjustment. III. Findings by Stage A quick perusal of Figure 2 reveals an obvious concentration of checks in Stage 3 (selection) similar to the previous findings of Mukherjee. Although a careful look at some of the stage categories individually indicates that several neglected areas have been researched over the period, there is still an obvious and relative lack of research into Stages 1, 2, and 4. To further assess the effectiveness ofthe research appeals, the analysis and reported results in this section will be ordered by the four stages.   Summary comments are provided only  on those surveys which provide a significant contribution to a previously neglected area of capital budgeting survey research. As a result, the findings of Bierman ( 1993), Gilbert and Reichert (1995), Payne, Heath, and Gale (1999), and Ryan and Ryan (2002) are not summarized. A. Stage 1 : Identification Suggested areas of study within this stage include how project proposals are initiated, whether the proposal process is on-going or on an only-when-needed basis, at what level projects are generated, whether there is a formal process for submitting ideas, how that process works when present, and if there is an incentive system for rewarding good ideas.* Unfortunately, there has never been an in-depth survey focused on this stage, leaving no question that it remains strongly neglected. The only contribution of a minor nature to this topic is the incidental finding by Stanley and Block (1984). They found that in over 80% of the responding firms that capital budgeting proposals originated bottom up In the 1987 article, note that on Figure 4, the stages are described somewhat differently from the discussion in the paper itself Specifically, in the body of the paper, the four stages are: (1) identification, (2) development, (3) selection, and (4) the post-audit. But in the table, the 4 stages are idea generation, proposal development, selection of projects, and control or performance evaluation. As in footnote 3, the following suggested areas of study for all four stages are largely paraphrased from Mukherjee (1987).. 81 BURNS WALKER CAPITAL BUDGETING SURVEYS: THE FUTURE IS NOW Figure 1. Surveys of Capital Budgeting of Large US Firms Surveyed Year(s) Survey Author(s) Method Number of Usable Responses 1982 Stanley Block (1984) questionnaire 121 1986 Pruitt Gitman (1987) questionnaire 121 1986 Pohlman, Santiago, Markel(1988) questionnaire 232 1988 Gordon Myers (1991) 1988 1992 1990 1991 1992 Myers, Gordon, Hamer(1991) Bierman (1993) Porterba Summers (1995) Gilbert Reichert (1995) Trahan Gitman (1995) Sample CFOs of Fortune 1000 multinationals VP Finance or Treasurer of largest industrials in Fortune 500 CFOs of Fortune 500 questionnaire 282 questionnaire 282 questionnaire 74 Executives and capital budgeting directors of large US industrials except utilities and transportation Large public firms from FASB Data Bank 100 largest of Fortune 500 questionnaire 160-228 CEOs of Fortune 1000 questionnaire 151 Fortune Magazine Directory CFOs questionnaire 84 CFOs of Fortune 500 + Forbes 200 Managers of foreign manufacturing subsidiaries of US industrials 1992 Shao Shao (1996) questionnaire 188 1992 Burns Walker (1997) questionnaire 180 Fortune 500 7,27,10 7 best-sellling texts, 27 prestigious CFOs, 10 leading financial advisors 1996-97 Bruneretal(1998) telephone survey 1992-93 Mukherjee Hingorani(1999) questionnaire 102 Fortune 500 CFOs 1994 Payne, Heath, Gale (1999) questionnaire 155 USA and Canadian based companies from SP Compustat database questionnaire 111 CFOs from Fortune 1000 questionnaire 392 CFOs from FEI corporations interviews 39 executives of large companies questionnaire 205 CFOs of Fortune 1000 questionnaire 40 top-ranking officers of Fortune 1000 1997 1999 1999 1999 2005 Gitman Vandenberg (2000) Graham Harvey (2001) Triantis Borison (2001) Ryan Ryan (2002) Block (2007) z †¢^ II O) (2002) ueAy ? uBAy o (0 O) †¢a (0 a i2 i2 o u. a †¢o (0 (O O) I O) †¢o 3 OQ a re U 3 D) O6B!)UB9 UBLU|L|Od S (8861.) |StJeiM (Z86l.)ueaJi!OSH!n.id (W6l)|00ia8^8|UBis |L Idea Generation |A. Source of Origination |B. Reasons for Idea Origination |C. Process of Origination Submission |D. Time Pattern of Origination 1II. ProposalDevelopment |A. Level at Which screening Takes Place |B. Screening Process  ¡C. Cashflow Estimates (and forecasting) |D. Responsibility for Budget Preparation (personnel) |lll. Selection of Projects |A. Classification of Projects for Economic Analysis B. Personnel (Department) Responsible for Analysis C1. Listing Techniques Used |C2. Reasons for Techniques Used Dl. Risk recognition D2. Risk assessment D3. Risk adjustment El. Capital Rationing: How Extensive? E2. Capital Rationing Rationale E3. Capital Rationing Methods Used F. Cost of Capital G. Project Approval |IV. Control (or Perfonnance Evaluation) A. Extent of Use of Post Audit B. Personnel Involved/Procedure C. Performance Measurement D. Use of Evaluation (Punishment/Reward/Etc.) 1* Surveys in this exhibit appear in chronological order of their publication. 82 JOURNAL OF APPLIED FINANCE ISSUES 1 2, 2009 o o o o CM o ( ¿ooz) iooia 6jaquapueA S UBLUIJO (0002) (6660 9|B0 S MIB9H auÄBd (666 O !UBJo6u!H S aa[jaLj|ni^ -?†¢ -y -7-?†¢ -y (1.002) uosuog pue suueui -?†¢ ~y (1.002)^SWBH S lUBMBJO ~7-?†¢ -?†¢ -?†¢ -?†¢ -y -?†¢ (866l.)|Bà ­a.iaunjg -?†¢ CO t ^ -y ( ¿66l)J8lieM8SUjng (966l†¢)oeL^S8OB^s -y (9661.) uBUjJio S UBUBJi -y (S66l.)weM0!ays;jaqi!9 -y (9661-) sjauiujns s eqjapod -?†¢ -y m ( £661.) ueuuaig -y -y 5 a. n O (1-661-) jaoiBH S uopjoo sjaA|/\| ~y -y ~y -y (1.661.) sjaÄ|/\l8uopjoo -y ~y -y -y -?†¢ -?†¢ -y ~y -y -y to -y 00

The Life of Jonathan Swift Essay Example for Free

The Life of Jonathan Swift Essay Life has always been filled with people who have given much in their lives to contribute to the betterment of society. They surpass the boundaries that have been set by the government and the people around them, just to make a difference in the world. One of these people was Jonathan Swift. Jonathan Isaac Bickerstaff Swift was born on November 30, 1667 in Dublin, Ireland. He was the only son and second child of Abigaile Erick Swift and Jonathan Swift. Since he was named after his father, he was often called Jonathan Junior or simply Junior. Before he was born, Jonathan’s father died. His other relatives were of great assistance just so he could have a good education (Incompetech website, n. d. ). In 1686, he was able to graduate from Trinity College in Dublin. He immediately went to England to open new doors, and was fortunate enough to be accepted as the secretary of Sir William Temple. Living with Sir William paved way for Jonathan to meet a young lady, who later became an important part of his life. He met Esther Johnson and became her tutor. In between his sessions, he would scribble down his thoughts and ideas, but eventually burned them. Upon Sir William’s death, Jonathan was jobless and eventually became a fashionable satiric writer for Dublin (Incompetech website, n. d. ). Soon after, Stella, as he fondly called her, moved to Ireland just so she could be near him. Their relationship was a source of all gossips in town, because of their difference in age. Some said that the two lovers were even married in 1716. When Stella died in 1728, Jonathan Swift was desolated, and hid a lock of the lady love’s hair in his things until the day he died (Pegasos, 2000). His political ambitions were never taken aside. When Queen Anne was in position, Jonathan became the vicar of Kilroot. He then wrote for the Tattler, a newspaper, from 1708-1709. His writing skills were tested further when he became one of the founders of the Scriblerus Club. He worked together with the Pope, Congreve, and Robert Harley (Pegasos, 2000). The years 1713 – 1742 were the years when Jonathan was dean of the St. Patricks Cathedral. He became deaf in his early twenties, and many people thought that he was insane. During one of his conversations with Edward Young, he said that he would be mentally incapacitated when he reached the age of fifty. Basically he was ready to face this mentally challenging state early on in his life (Pegasos, 2000). He died on October 19, 1745 in Dublin Ireland due to Alzheimers disease. He died leaving behind his legacy through the numerous poetries and proses written in pamphlets (Pegasos, 2000). 1726 was another great year for Jonathan Swift. This was the time when he wrote and published the famous prose entitled, Gullivers Travels. At first reading, the book may be classified as a childrens book, although the writer had an underlying meaning behind each even in Gullivers life. The book showcased most of Jonathans feelings and emotions about the social problems at that time (Incompetech website, n. d. ). One of Jonathans works was evident in the proposal he wrote about the children in 1729. Entitled, â€Å"A Modest Proposal: For Preventing The Children of Poor People in Ireland From Being Aburden to Their Parents Or Country, and For Making Them Beneficial to The Public† (Art-Bin, n. d. ), focused on how the children of their time suffered the hardships in life. From the title alone, we can see that Jonathan wanted the children to live normal lives before they had to endure the hardships and realities of life. His main purpose in writing the proposal was to help uplift the lives people had in their society at that time. He had no children of his own, so the proposal he wrote was not of great bearing to his life. All he wanted was for people to first realize that the children should not be placed in situations that could ruin their lives, and eventually their futures (Art-bin, n. d). Although Jonathans book, Gullivers Travels, was well received by many, he always stood for his beliefs and oppositions on the inequalities of the government towards his native land. When he finally decided to run for politics, he kept his distance form the Whig and Tory parties. He wanted to be individually known for his works and accomplishments, other than the association that may be given to him by either parties. His writings were mostly satiric, meaning they made use of sarcastic words, and exposed the hard realities of their life at that time. Although the book was creative in manner and well suited for children, many were alarmed by his writings, for they opened new ideas for people (Westchester University, n. d. ). His writings were not only isolated to proses. He also participated in writing papers involving ecclesiastical matters, such as the â€Å"Three Sermons and Prayers†, which he wrote in 1744. Some of his other works were included in his book, The â€Å"Writings on Religion and the Church†, which was finally published in 1898 (Merriman, 2008). It was said that Jonathan had published a collection of his works three years before he slipped into senility. Eventually, he suffered from a paralytic stroke in 1738. The people close to him started to care for the ill Jonthan Swift. In 1742, his belongings and affairs were soon cared for by appointed guardians (Victorian Web, 2000). His life was lived to the fullest, and he made sure that people remembered him as someone who had hoped for the upheaval of society in Ireland. He left behind his legacy through the numerous poetries and proses he wrote in pamphlets. He died on October 19, 1745 in Dublin Ireland due to Alzheimers disease. (Pegasos, 2000). Jonathans remains were laid beside his beloved wife, Stella, inside the St. Patricks Cathedral in Dublin, Ireland (Merriman, 2008). With his own epitaph written, Jonathan became successful in accomplishing his dreams of being a well known person. He is in fact, forever remembered by his countrymen and of the whole world, forever. Jonathan Swift may have suffered before he died, but he was able to open the eyes of the people to the reality that was happening right before their eyes. He was an enemy to some, but an inspiration for many. His works will forever be present to inspire us and the children of the future to go on and be someone. References (. n. d. ). Jonathan isaac bickerstaff swift. Incompetech. Retrieved May 2, 2008 from http://incompetech. com/authors/swift/. West Chester University. (n. d. ). Jonathan swift: A modest proposal 1729. Retrieved May 2, 2008 from http://courses. wcupa. edu/wanko/LIT400/ireland/jonanthan_swift. htm (2007). Ireland. MSN encarta. Retrieved May 2, 2008 from http://encarta. msn. com/encyclopedia_761566701_9/Ireland. html. (n. d. ). A modest proposal. The art bin origo. Retrieved May 3, 2008 from http://art-bin. com/art/omodest. html (2000). Books and writers. Pegasos. Retrieved May 3, 2008 from http://www. kirjasto. sci. fi/jswift. htm (2000). A chronology of jonathan swifts life. The victorian web. Retrieved May 5, 2008 from http://www. victorianweb. org/previctorian/swift/chron. html. Merriman, C. D. (2008). Jonathan Swift. The literature network. Retrieved May 5, 2008 from

The Importance Of Water In Islam Theology Religion Essay

The Importance Of Water In Islam Theology Religion Essay In Malaysia, after Pakatan Rakyat party successfully conquering Selangor state from Barisan Nasional party since 2008, they have launched a lot of initiative welfares for Selangor residents. On 13 March 2008, Selangor State Government has announced the implementation of Merakyatkan Ekonomi Selangor (MES) agenda to improve living standard of Selangor residents. There are 14 agendas included in MES and one of them is free water provision for the first 20 cubic meters water domestic consumers who using individual meters in Selangor starting from June 2008. Selangor State Government offers first 20 cubic meters water which equivalent to 20,000 liters or 5.680 gallons per month for free. This benefit is for all Selangor people regardless of their economy status, race or political affiliation. Other than that, the main objective of this welfare is to reduce the burden life especially for low-income groups as a result cost of living and the inflation rates are continue to increase. At the same time, it is of the holistic and integrated components to restructuring water management in order to provide more efficient and effective service. Through this program, Selangor State Government bear the average cost of rebate RM 11.00 per month for each user. Then, the record payment by the Selangor State Government is stated in bill received by each user from SYABAS (Selangor Water Supply Company). Besides that, 20 cubic meters of free water supply is only eligible for domestic consumers who use individual meters. For domestic users who use bulk meters in condominiums and apartments, they need to change to individual meters to enjoy this free water. Change of bulk meters to individual meters is subject to the conditions set by SYABAS. As the result, currently more than one million people who use individual meters enjoy it especially low cost apartment dwellers. Until July 2012, over RM 6 million was spent on free water to residents of low-cost apartments through Safwa Scheme (Free Water Rebate Scheme). According to Housing and Property Selangor Board (LPHS) report, 92% or 58, 049 units already received. While the remaining 8% or 6, 666 units failed to implement the rebate claim due to labor shortages in Joint Management Body (JMB). This positive action shows the governments responsibility toward public welfare. In Islam, this is a good example because the leader should take care of their people. However, some consider this program involves high costs and will affect the allocation of funds provided by the Government of Malaysia to Selangor state. In Islam, the leader should manage the public properties to avoid waste for not so important activities. Therefore, a comprehensive study and analysis are needed to ensure that the program is consistent with Islamic law. 2. WATER ACCESIBILITY ANALYSIS 2.1 THE IMPORTANCE OF WATER IN ISLAM Historically, all ancient civilizations in the world began in area that has water resources such as river or seashore. For instance, Mesopotamia civilization began at Euphrates and Tigris River, China civilization began at Huang He River and India civilization began at Indus River. This fact shows that they are really rely on water in their daily life. Water from the river is used to irrigate agricultural areas, cooking, bathing and others. Based on Al-Mujam Al-Mufahras book, water or al-ma in Arabic was mentioned 63 times in the Al-Quran. According to Naser I. Faruqui, water is very importance in Islam. It is a blessing from Allah that gives and sustains life, and purifies humankind and the earth. It is based on Allah words in verse 65 of Surah Al-Nahl: And Allah sends down water from above, and therewith gives life to the earth after its death. Surely there is a sign in this for a people who listen. Besides that, Allah said all beings is made from water. According to the research, the earth is covered with 3/4 water and the human body contained of 3/4 water. In verse 30 of Surah Al-Anbiya: Do not those who disbelieve see that the heavens and the earth were closed up, so We rent them. And We made from water everything living. Will they not then believe?. Due to water is very important resource for every people regardless rich or poor, Islam declared that everyone has the right to a fair share of water consumption. This claim is emphasized by the hadith reported by Abu Dawud that Rasulullah said Muslims have common share in three things: grass (pasture), water and fire (fuel). In addition, the Prophet forbids Muslims hoarding the excess water and he is obliged to allow others to use it. The Prophet stated: Among the three people Allah will ignore on the Day of Resurrection are a man who possessed superfluous water on a way and he withheld it from the travellers. This hadith was narrated by Al-Bukhari. https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcR8g4Uk3P9ItU0f-ejiXhXQbYkshXwyH6OQ1Ic463fu1Fuk030Chttps://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSsOS628HbJuBc5CBTS7_dg-mbQo9POI1BgyGI90Ns8hB9hHBFF Tigris-Euphrates River in Egypt and Huang He River in China use for irrigation 2.2 TYPES OF WATER IN ISLAM In Islam, water is essential for the Muslims to purify themselves such as perform ablution (wudhu) before the prayer and perform obligatory bath (ghusl) after having sexual intercourse. One of the conditions, these actions is necessary to use pure water to make it valid. Thus, the absence of clean water will make it difficult for Muslims to manage their daily life and to worship to Allah SWT. In reality, there are different types of water in this world and not all water is suitable for human. Basically, the water covers around 70% of the earth and it is very exposed to other elements that can change its original condition. Thus, this requires human wisdom to determine whether the water can be used or not. In Fiqh Taharah or Islamic Hygienically Jurisprudence, Islam has divided water into three main parts which pure water and can purify other things (tahur), pure water but cant purify other things (tahir), and water containing dirt which not pure and cant purify other things (mutanajj is). First major category is pure water and can purify other things (tahur). This water can be divided deeper into mutlaq water and musyammas water. For mutlaq water, it remains with the original nature of its occurrence have been made by Allah. It is water that has not been mixed with dirt, water reservoir that is more than two tanks no longer used and not mixed with other substances. In addition, the water is still mutlaq water even thought it has changed due to abandoned for long period in soil, moss and stagnant areas. In addition, if the water continuously flowing but contain sulfur it still categorized as mutlaq water. This is due to water is in liquid condition and difficult to differentiate it. For two tanks measurement, the length and the width is 60 centimeter or 22.5 inches respectively with depth 62.5centimeter or 25 inches. If the two tanks measurement is converted into the weight measurement, it equals to 174 liters or 190 kilogram or 11 kerosene cans. Besides that, there are eight types of water including in the mutlaq water which are river water, well water, rain water, dew water, sea water, snow water, spring water and tap water. The Prophet Muhammad also ordered to use mutlaq water to clean the dirt. This evidence is based on Abu Hurairah narration: a Bedouin stood up and peed in the mosque, so his friends prevent it. Upon this Rasulullah said, leave him and pour a container of water over the urine. Indeed, you are asked to facilitate not troublesome. Then, according to Sheikh Abu Abdullah Husayn Nasir bin Muhammad Taib in his As-Subyan Hidayatul book :Not valid the purification unless water come from common qaid such as sugar cane, sugar, soap and such, and water from the sky such as rain and dew or water coming out of the earth such as sea water, river water and well water. On the other hand, musyammas water is quite different compare to mutlaq water. In Al-Badrain Matla book written by Sheikh Abdul Al-Fatani Faqir Muhammad Bin Ismail Daud Al-Fatani stated: Musyammas water is also pure water and can purify other things but abominable (makruh) to use it on the body. It afraid contributes to hairpiece disease when people used it. The position is permanent in a container and heated by sunlight in hot climate states. This matter very seriously considered by Rasulullah as in a story narrated by Baihaqi: From Saiditina Aishah indeed she is heating the water under sunlight, and Rasuluhlah SAW had said to her: do not do that O Aishah because the water can cause hairpiece disease. Literally, makruh means dislike, blamed and displeasing. It refers to leave anything not demanded by Allah but not prohibited to do it. Acts which are makruh are definitely discouraged but the evidence to prove they are forbidden is less strong. Thus, the commission of makruh acts is n ot blamed but its omission is preferable. Second major category is pure water but cant purify other things (tahir). This water can be divided more into mustamal water and muqayyad water. For mustamal water, the water is able to drink but not applicable for cleansing. According to Ibn Akhil in his book entitled Al-Mutaalim Zadul: Mustamal water is less than two tank that has been used for impurities such as has been used in ablution and bath or water that has been used in remove the dirt. After that, it is not valid to purify other things. Besides that, water from trees, fruits and roots also considered as mustamal water. Then, all water can change by two ways which are changing by taqdiri and changing by hissi. Changing by taqdiri means the water only change on taqdir (stipulation) and the changes cant be seen. So, mustamal water is under changing by taqdiri However, changing by hissi means the changes that can be seen. Mutlaq water is under changing by hissi. In addition, Syeikh Faqih Dr. Wahbah Al-Zuhaili argued that the a mount of water also affect water quality. For example is mustamal water become mutlaq water if the quantity more than 2 tank or 270 liter. https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhicO0GVzGHIVjvK20Ra0EYlj5QF-sFrG7Ux1gFYsN6opEaP12ZooDWH-YQOjg_ciysIZBuNJsUBIg4DZjLqKvfV9ooNxAyhSpGGS90xBjVrxI9WCqesZmIaJXN6HOEZdbTNO1qjZ3lUAQ/s1600/embun.jpg http://4.bp.blogspot.com/-nnUqsIEWWw4/UEkvF_5_9PI/AAAAAAAABkU/_9k9GRFtIFw/s1600/Sungai+Kehidupan.jpg https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPiBte7F92yZL5dRMxt6UgdvmbLI7GA0vhUdSFwsdG15FnzJRVgW_vG3UHI8hr-NSImG9gi6T5XTbykGVId6PccJ96J-WKyhezyzBcMupsdd-zGxTrGlBImHE1isP5Tg5Cmz4C_x0W2cA/s1600/Salji+memutih.jpg Dew water, river water and snow water are some sources that can be used for mutlaq water Next, water is mixed by two ways. First way is through mujawir. This means the water changes because there is something that can be separated from the water. For example, a person put a stick in a pail to stir the water in the pail. Then, the stick can be pulled out from the pail. Then the water is still regarded as pure water. Second way is through mukhalit. This means the water changes because there is something that unable separated from the water. For instance, a person put the fruit flavor in a pail of water. It is impossible to separate fruit flavor and water to their original condition. Then the water no longer exists as pure water as has changes to mustamal water. In contrast, muqayyad water is water that is mixed with something pure that changing one of the characteristics. For instance are coffee water, sugarcane juice and soap. In Islamic view, parameters for water quality are based on the chemical and physical characteristics of smell, taste, color and temperature. Then, qayyad on water is divided into qayyad lazim and qayyad musfaq. For qayyad lazim, it means substances attached together until it absolutely different from pure water such as coffee and honey. Although pure, it still cant be used for purification because already mixed with variations of water. However, for qayyad musfaq, it means substances detached among each other and not affect pure water such as rain water and well water. Thus, the water is still cited as pure water. Third major category is water containing dirt which not pure and cant purify other things (mutanajjis). There are three main conditions regarding to mutanajjis water which unable for purification. First condition is water containing less than two tanks even though the water does not change color, smell and taste. Second condition is water containing more than two tanks but has changes color, odor and taste due to the dirt. Third condition is water is mixing with clean substances but has the color, smell and taste. In terms of language, dirt is defined as dirty things such as blood, urine and feces. In terms of syara, dirt is defined as all the impurities that prevent validity for pray. There are three types of dirt according to their hierarchy and all the dirt must be purified using mutlaq or pure water. The lightest dirt is mukhaffafah. It is the urine of baby boy who only eat breast milk and less than two years old. The cleansing methods are by wash and wipe the urine before sprinkle the pure water on the place. The moderate dirt is mutawasittah. It is including blood, pus, vomit, saliva, alcohol and others. The cleansing methods are washing until lost any nature color, smell and taste before cleanse by pure water. The heaviest dirt is mughallazah. It is the dirt relate to dog and pig. The cleansing methods are by wash once by soil water. Then, continue washing by using pure water for six times until loss any nature color, smell and taste. If still not gone, repeat the washing method. 2.3 THE WATER MANAGEMENT IN MUSLIM COUNTRIES In December 1998, the Workshop on Water Resources Management in the Islamic World was held in Amman, Jordan. One of the discussions is implementation approaches for water demand management (WDM) within the context of Islam. The approaches are water conservation and wastewater reuse. In water conservation approach, they argued supply of water is fixed. Thus, water management is needed to ensure the amount water supply is enough with the amount of water used. This opinion can be approved in verse 18 of Surah Al-Mukminun: And We send down water from the sky according to certain measure, and We cause it to soak in the soil; and We certainly are able to drain it off (with ease). Human can use water in moderate way and not consume beyond the limit. If extravagant exist, Allah has right to take back His blessings. The Prophet also taught human to consume efficiently. According to Al-Bukhari: The Prophet Mohammad used to perform ablution with one mudd of water [equal to 2/3 litres] and used to take a bath with one sa up to five mudds [equal to 2-3 1/2 litres]. Currently, this water conservation approach shows positive impact when the World Health Organization (WHO) launched a health education program through mosques. The program included training imams on proper health practices, water conservation, water saving, proper sanitation and hygiene in the prevention of diseases. In addition, the imams then gave sermons about water conservation during the congregational Friday prayer. For wastewater reuse approach, they argued water should not be wasted. Thus, water should be used for beneficial purposes and use it in effective and efficient way. In verse 31 of Surah Al-Araf: O Children of Adam! wear your beautiful apparel at every time and place of prayer: eat and drink: But waste not by excess, for Allah loveth not the wasters. From this verse, Allah hate people who are wasteful in eat and drink. Normally, individual drinking water every day in their life because thirsty. However, if some people deliberately waste the water, others people might not able to drink sufficient of water. Reusing wastewater is an essential component of a demand management strategy because it conserves freshwater for the highest-value uses. In 1978, the Council of Leading Islamic Scholars (CLIS) in Saudi Arabia concluded in a special fatwa in 1978 that treated wastewater can be used even for ablution and drinking as soon as absence of health risk. This fatwa was concluded based on detailed study by scientists and engineers toward waste water condition and its short-term and long-term effects toward human health. https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcSoqOSAOx-jkOGFXzuoHnGRRLp9YxRrEyJ9h43NZnWLDLZpKPlMBAhttps://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcQSzWez8vfEZ2s1lOiiy2JAJYwffJC_oiFVrqNqQe0W-P0qUZfRJw Saudi Arabia Wastewater Treatment Plant at Riyadh and Al Hail Both water conservation approach and wastewater reuse approach was introduced before are classified as non-economic approach. However, in a book entitled Water Management in Islam, one economic approach which called family planning was added. Basically, family planning not directly reducing the average water consumption. However, it helps for further reductions in overall availability of water per capita. By family planning, the government can predict future reduction of water consumption as size of members per family smaller. When future result is known, it facilitates the government to provide systematic long-term planning in order to overcome future problems. However, the problem is family planning or contraception is new in Islam. During Prophet Muhammad era, most Muslims have big family members because it didnt have birth control regulations. Therefore, based on this situation, a few Islamic scholars believe that birth control is not allowable in Islam. Still, some others scholar said it is no strong evidence in Islam to support a ban on family planning. Moreover, they contend although the religion encourages having children, it is not obligatory. Finally, the contemporary jurists agreed that family planning is allowable in Islam with a few conditions must be followed. First, it is only permissible for married couple man and woman. Second, it should have the mutual consent of the couple and thirdly, the chosen method must truly controllable. As conclusion, three approaches stated before will provide some alternatives for Islamic countries to choose the possible method for their water management. The holistic assessment should be implemented according to advantages and disadvantages of each approach. For water conservation, the advantage it is not very large cost but the disadvantage may no full commitment from society. For wastewater reuse, the advantage it is able for countries which doesnt have abundant water sources but the disadvantage it covers very high cost for building plants and continuous treatment process. For family planning, the advantage it is the government able to predict future water usage but the disadvantage it will reduces number of Muslims population in that country. 3.WATER RIGHTS http://mes.selangor.gov.my/modules/content/content.php?page=air-percuma-setiap-bulan http://airkumalaysia.blogspot.com/2011/06/cara-menjimatkan-air.html http://web.idrc.ca/openebooks/924-0/#page_xx http://www.meed.com/sectors/economy/government/saudi-arabia-presses-ahead-with-a-wastewater-revolution/3007439.article http://istajib.blogspot.com/2011/04/air-dan-islam-sorotan-ringkas.html http://www.ustaznoramin.com/2011/03/pembahagian-air-dalam-islam.html http://www.ustaznoramin.com/2011/03/pembahagian-najis-dalam-islam.html http://www.al-azim.com/masjid/infoislam/ibadat/air.htm

A Freudian Analysis of Ode to the Death of a Favorite Cat (Favourite) :: Ode to the Death of a Favorite Cat Essays

A Freudian Analysis of Ode to the Death of a Favorite Cat (Favourite) "Ode to the Death of a Favorite Cat" can be a poem that represents a sexist view of women while identifying the three psychological entities; the id, ego, and superego. The cat in the poem represents the human female. Throughout the poem it is referred to as a "she", and identified with similar, sexist traits that women have. These traits are laziness, the need for shiny, pretty objects, and an unquenchable desire for material goods. Just as the cat is drawn by the gold fish so is a woman's attention drawn to this glimmering metal. Just as line 24 says "What female heart can gold despise." The cat's desire for the glistening fish ultimately ends in its death. This is similar to what will happen to a woman if left to her desires unchecked. This cat has nothing in its life to prevent it from its folly. A woman needs a man to set her on the right path. If left to her own devices it will mean her end, or so that's what the poem implies of women. I the end a universal moral is introduced that can be applied to the human world, "Not all that tempts your wand'ring eyes, and heedless hearts is lawful prize, nor all that glisters gold." (lines 40-42) This then leads into a perfect comparison of women and men as two psychological entities, the id and superego. Since the cat in the poem is so consumed by its desire that it impulsively acts on its greed and is a representation of the human female then obviously women can be considered representations of the Id. They impulsively act on their desires and ultimately, like the cat, are consumed by these desires if left unchecked. This is where man comes in. Men must be there and act as the superego holding back a woman's natural desire for material gain. Since both represent a different entity respectively then obviously the union of man and woman must be the ego. A balance between the two. A woman's desire for material gains and a man's natural inclination for law and order. This then does bring in the idea that certain human traits can be identified not only as manlike and womanlike but also things that are naturally inclined towards the superego and the id.

Mathematics as Paideia in Proclus :: Philosophy Philosophical Essays

Mathematics as Paideia in Proclus ABSTRACT: I examine one aspect of the central role which mathematics plays in Proclus's ontology and epistemology, with particular reference to his Elements of Theology. I focus on his peculiar views about the ontological status of mathematical objects and the special faculties of the soul that are involved in understanding them. If they are merely abstract objects that are "stripped away" from sensible things, then they are unlikely to reorient the mind towards the intelligible realm, as envisioned by Plato in the Republic. Thus, in order to defend the function of mathematics as a prodaideutic to dialectic, Proclus rejects Aristotelian abstractionism in favor of an elaborate account in terms of Nous projecting images of its Forms through the medium of the imagination. In metaphorical terms, he replaces the Aristotelian image of the soul as a blank tablet with that of a tablet that has always been inscribed and is always writing itself, while also being written on by Nous. The mediat ing function of mathematics for understanding the higher realities is grounded in the fact that its central principles of Limit and Unlimited have a universal provenance in Proclus's whole system of reality. Introduction Alexander of Aphrodisias established abstractionism as an Aristotelian dogma about mathematical objects, but for later Neoplatonists this proved difficult to reconcile with the educational function of mathematics in Plato's philosophical curriculum. Thus Proclus, for example, rejected abstractionism as a basis for the ascent to the realm of Forms, and proposed an alternative view based on the typical Neoplatonic hierarchy of Nous, Soul, and Nature. At the highest noetic level, geometrical Forms are unextended and indivisible, so that only at the level of Soul can they become available for study by the geometer when they are embodied in the intelligible matter supplied by the imagination. Proclus also accepted that geometrical forms can be embodied in sensible matter, though they never have the exactitude necessary for science, nor could they ever acquire it through abstraction. Thus the diagrams used by the geometer are products of the imagination, which are really projections by the higher intellect onto a lower level so as to facilitate the study of geometrical objects. Proclus seems to accept that the human intellect can never attain the Platonic goal of studying geometrical Forms in their pure and unextended form as paradigms. Although such a goal can be achieved only by divine Nous, yet it becomes for Proclus the guiding rationale for his whole system.

Case Study Analysis of Personal and Organizational Ethics Essay

Not-for-profit organization’s primary goal â€Å"is not to increase shareholder value; rather it is to provide some socially desirable need on an ongoing basis. It generally lacks the financial flexibility of a commercial enterprise because it depends on resource providers that are not engaging in an exchange transaction. The resources provided are directed towards providing goods or services to a client other than the actual resource provider. Thus the not-for-profit must demonstrate its stewardship of donated resources —money donated for a specific purpose must be used for that purpose. † (LII – 1992) For-profit organization’s primary goal is â€Å"making money (a profit), which focuses on a goal such as helping the community and is concerned with money only as much as necessary to keep the organization operating. Most companies considered to be businesses are for profit organizations; this includes anything from retail stores to restaurants to insurance companies to real estate companies. † (Business dictionary) Good abstract! Try not to use dictionaries or encyclopedias as references for college-level papers. Case Study Analysis I have decided to do my case study on the not-for-profit organization â€Å"March of Dimes† and the for-profit organization â€Å"Insurance Companies. † These two different organizations are similar in what they stand for and that is helping the client by any means possible. They are also very different due to the nature of their organization and what they have to offer. I am about to prepare a Case Study Analysis of Personal and Organizational Ethics and Values between the For-Profit (Insurance Companies) and Not-for-Profit Organization (March of Dimes). Be sure to give a strong thesis statement in your introductory paragraph. The not-for-profit organization, â€Å"March of Dimes† provides mothers, pregnant women and women of childbearing age with educational resources on baby health, pregnancy, preconception and new motherhood, as well as supplying information and support to families affected by prematurity, birth defects, or other infant health problems. Have you ever thought about how difficult it is for a baby to be born without low birth weight, prematurity, or birth defects? After visiting the March of Dimes website I learned that over 460,000 newborns in the United States alone are born prematurely. I found that the March of Dimes, Mother’s March, and Walk-America were just three of the well-known, not-for-profit organizations in the United States. Each of these organizations main focus is putting an end to prematurity and each work to make their name well-known. The March for Dimes, has been highly effective in advocating for women’s and children’s health. The not-for-profit organization is also a great sponsor for public awareness campaigns; the organization represents some of the most famous names in medicine and is organized into more than 90 local chapters, overseen by a national office. The organization was comprised of volunteers and researchers in a partnership, and today the same holds true. The foreseeable objective of course is to fight until prematurity and birth defects no longer exist. The foundation was founded by Franklin D. Roosevelt in 1938. â€Å"The organization began as the National Foundation for Infantile Paralysis. The name â€Å"March of Dimes† coined in the late 1930s by vaudeville star Eddie Cantor as a play on the contemporary newsreel series â€Å"The March of Time† was originally used for the foundation’s annual fundraising event and gradually became synonymous with that of the organization. It was officially adopted as the organization’s name in 1976, when it became known as the March of Dimes Birth Defects Foundation. In 2007, the name became the March of Dimes Foundation. † The March of Dimes original goal or direction for the organization was for eliminating polio and that was done, so then they wanted to make a choice to either change their mission or do away with the organization all together. While putting together all their strengths and weaknesses of the organization they came up expanding the organization against birth defects, arthritis, virus diseases, and premature births. â€Å"They wanted to become a â€Å"flexible force† in the field of public health. † â€Å"The March of Dimes has been described as a bureaucracy that has taken on a life of its own through a classic example of a process called goal displacement. Break-up giant paragraphs into smaller paragraphs! On the other hand, every business or individual is exposed to many different types of risks such as fire, theft, burglary, accident, etc. Some of the risks can be conveyed to companies known as Insurance companies, the for-profit organization. Insurance agencies insure the loss of the insured. It is the best protection against risks to businesses, properties, and life. Like the dangers and risks of businesses, human life is also visible to many different risks. A family generally depends on the income brought in by the head of household, but when a death suddenly occurs, the family may be left in a very different and hard situation. Forever is not a part of the human life. Insurance replaces this by providing financial compensation. Moreover, it is a contract between the insurer and the insured under which the insurer undertakes to compensate the insured for the loss arising from the risk insured against. In consideration the insured agrees to pays premium regularly. Having insurance means that, in exchange for payment; an insurance company agrees to cover the expenses in an event that would otherwise cause financial loss for the policyholder. In short, having insurance means that out-of-pocket expenses can be prevented or diminished. The insurance policy represents a legally binding contractual agreement between the policyholder and the insurance company and spells out how much financial protection is. Some of the ethical perspective and values of the not-for-profit and the for-profit organization is that the March of Dimes is built on their mission statement that very much embraces it first, helping people in need. Volunteers have really studied this mission to guide them through this selfless act. They maintain a high ethical standard and avoid all selfishness. Also defining and enforcing standards of quality service, and striving for continuous improvement. Nevertheless, insurance companies claim that their mission and values are about growth of the people and the company’s performance. It ranks both making a difference and getting things done. Don’t these two organizations have the same concept when they talk about what their ethical perspective and values? They are always looking for ways to improve the organization to bring to more people to them and doing what is right for the customer. However, these two organizations have their set back just like everyone else. Some key problems that the March of Dimes face is stated from the Life Issues Institute: â€Å"For 20 years National Right to Life, its 50 state affiliates and its almost 3,000 chapters have maintained a boycott against giving any contributions to the March of Dimes. The reason for this started back in 1972. At that time, the March of Dimes sponsored a major seminar on genetically handicapped unborn babies. It pioneered the technic of diagnostic, mid-trimester amniocentesis. It began to teach a nation you could take some of the fluid from the sac around the baby in the middle of the pregnancy, and find out if the child had a genetic problem such as Downs Syndrome or spine-a-bifida. Once this was determined, about 95% of these babies would be killed by abortion. † Although the March of Dimes officially takes a neutral stance on abortion, their actions often portray a pro-abortion position. Most recently, they have attempted to hide a clearly established link between abortion and premature births. March of Dimes, whose motto is â€Å"Saving Babies, Together†, must be more vigilant in educating women who have had previous abortions of the need to receive adequate prenatal care during subsequent pregnancies. This is would be the biggest problem that the March of Dimes has to face, but there are so many followers that believe what this organization does because they agree with that their mission statement says and their values. â€Å"We help moms have full-term pregnancies and research the problems that threaten the health of babies. Recognizing, respecting and balancing the rights, roles, health and safety. † This organization has come a long way from when it was first founded and all the research has been for such a great cause, there is no stopping them now. Insurance companies too face dilemmas in their own organization with moral hazard and adverse selection: â€Å"Due to the existence of the insurance policy has altered your behavior. You take more risks, making a loss from burglary more likely than if you were uninsured. When the person on one side of a bargain knows more about what is being bought and sold than the person on the other side. Also, the tendency for people who are more at risk than the average to purchase insurance and for those who are less at risk than the average to reject insurance. † Insurance companies are driven by success and without a little selfishness; they would not be where they are today. Yes, they do help out the customer, but something has to come to a price (the final print). So I would say it is not in a bad way due to the fact they help out people in certain events and we feel that sense of protection when we walk out of an insurance agency. These key problems impact the organizations much more then we know. In the March of Dimes situation people will not know if they should trust them and maybe they will start to thin that they are just all talk. After all the hard work the organization is going to have to put their heads together to come up with a strategy to reassure these mothers that they are the real deal and they are the ones that can help in their time of need. If it is for your children as a parent I will do anything possible for the health and safety of my children. As far as insurance goes, people will get discouraged and just rather not pay, drive and live without insurance. So they will just deal with it when it happens. In my opinion, is not worth it. I have worked with insurance for the past 7 years and I have seen people in all different kinds of situations, but because they put themselves there. We try to explain everything in the best way that we can, but some people still are not convinced that the insurance companies want to help. I think that due to this is when the rates or premiums go up and people are wondering why, this is where the company gets selfish. Once the company reaches the point they want they will come back down. So in my experience in working with them, I think people will realize that they need insurance when something happens and they cannot get out of it by themselves and they need help. Insurance companies are there to help, but for a price. As I am reading your paper, I realized that you do not have any in-text citations with supporting discussion from your references. This concludes the study of theories and paradigms underlying personal and organizational values and ethical principles, how personal values and ethical principles relate to the organizations in which people function, and the effects of the organization’s ethics on its reputation, functioning and performance. As much as I know now about the Personal and Organizational Ethics and Values between the For-Profit (Insurance Companies) and Not-for-Profit Organization (March of Dimes) they are two organizations that want one thing and that is to help the customer. Both have good mission and value statements that they should stick too and continue doing what they are doing. The March of Dimes is here to offer the help to mothers that they cannot get anywhere else for them and their children. You can meet some really great people along the way that are sharing the struggles as you and all they have on their mind the well-being of their children. Insurance companies will not go away and they will not stop being selfish, but this is for the better. You feel more protect when you walk out the door of your home and get into your vehicle or close up at your business. Yes, things will happen, but there is someone their help you out and get you out of something that you cannot do alone. I love my job and what I do! People just remember to just get informed when purchasing insurance and don’t be afraid ask questions about something you have no idea about. Same goes for the March of Dimes, there is so much information on the web about this organization and how they are willing to help you. Don’t get discouraged just one piece of bad article you read. Go and find out, what is the worst that can happen when you just want more information on who to trust in your situation.

Critical Analysis of Sir Philip Sidney’s Defense of Poesy

The Defence of Poesy by Philip Sidney published in 1595 is â€Å" a long essay that comes as an answer to Stephan Gosson's work â€Å"The School of Abuse†, where he, in his puritan and strict way of thinking, attacks the poet and his poetry† (Wharton 56). Gosson primarily points out that fiction and literature corrupt the public's sense of morality since it opens the public's mind with different realities. It gives the public ideas towards consumerism as literature and fiction becomes a way of money making. It heightens human desire for material growth and development that is most of the time destructive. Gosson is afraid that people will prioritize tangible development than the traditional sense of morality. Philip Sidney though in this work of literature â€Å"The Defence of Poecy† opposes Gosson's objections towards poetry or Gosson's puritan attack on imaginative literature. He primarily stated that poetry has an indispensable place in the society as it is a reflection of history, ethics and philosophy. Poetry that contains these complementing elements has an ethical function to the readers. Poetry by which he meant imaginative or creative writing has an ethical value which aims to appeal human beings to â€Å"see the form of goodness, which seen they cannot but love ere themselves be aware, as if they took a medicine of cherries† (Macaulay 11) Poetry which is the best faculty of invention for Sidney has a high purpose for moral education that challenges the minds of the readers. In this literature, Sidney gave good arguments. Unlike science and technology, poetry is a unique human art that is not completely dependent upon nature as the major subject. Instead, poetry makes complementing combinations. Poets create out of their creative imagination, rationality, logic, observation, experiences, acquired knowledge from history and philosophies. The writer creatively combine any of these to create literature. Similarly, poet â€Å"lifted up with the vigor of his own invention, doth grow in effect another nature, in making things either better than nature bringeth forth, or quite anew, forms such as never were in nature, as the Heroes, Demigods, Cyclops, Chimeras, Furies, and such like† (Macaulay 12). Meanwhile poetry when it is factual will benefit the fallen and corrupt world. The poetry's content will illustrates something about reality, how these reality benefited the human beings and the writer's perspective towards this particular reality. Poetry then is very useful to challenge the mind of the readers and also think like the poet itself as it introduces them into a world of ideas. Meanwhile poetry is also an art that reflects perfection, beauty and moral idealism. He says poetry â€Å" worketh, not only to make a Cyrus which has been a particular excellency as nature might have done, but to bestow a Cyrus upon the world to make many Cyruses, if they will learn aright why and how that maker made him† (Macaulay 13). He believes that this kind of fiction can actually influence the real world in socially positive ways. Members of the society with this kind of literature might be encourage to live a beautiful and ideal life. It will give them idea that this kind of life is possible. Therefore, poets through their works give the readers mental pictures towards the possibility of having a more ideal world, provide possible solutions and create ideal persons as models to follow in real life. Poetry challenges the mind, the physical senses, the fantasy and the judgment of the readers. Through poetry, people are also encourage to create to make things beautiful just like what they read in literature. Sidney also stresses that the poet â€Å"goeth hand in hand with nature, not enclosed within the narrow warrant of her gifts, but freely ranging within the zodiac of his own wit† (Macaulay 11). Sidney apparently acknowledges that a poet uses all the his resources to create an art and in some sense a liar because they sometimes make things up. But every poetry entertains, delights and teaches the readers with a specific educational purpose. There is nothing as â€Å"art's for arts sake† because whatever the poet's purpose or intention in creating, words that create images– whether good or bad– a poet moves the readers to be better than they are. The mental images establishes passion and desire and knowing your individual passion and desire will lead to self discovery and encourages journey for awareness. Apparently Sidney present poetry in its affirmative light illustrating its positive effects to the readers.

Play format to influence the audiences feelings Essay

Examine how Arthur miller uses the play format to influence the audiences feelings towards Eddie The play ‘A view from the bridge’ was written in 1955 by Arthur Miller; a man who’s play was heavily influenced by the work and lives in the communities of dockworkers and longshoremen. This play examines individuals, characters like Eddie, and their responsibilities and position in society. In addition, Miller also reveals to the audience a meaningful understanding way of how Eddie thinks, acts and behaves to his surroundings. While doing this, he also portrays a different perspective of what family and Italian culture is like, based on his own past experiences with Italian immigrants. It is this, which dramatizes the themes of conflict, betrayal, love and obsession. The American immigration system at the time was at its peak and due to the ‘American dream’ many were illegal. Arthur Miller’s play was influenced by this immigration system in America as he had heard stories and personal experiences involving illegal immigrants. At first he didn’t act upon this idea, but after visiting Italy it inspired him to write a play influenced by the social, historical and cultural background of these Italian communities. At the beginning of the play Alfieri sets the scene by showing his perspective through a monologue. The language he uses is direct, formal and expressive of what the characters mean. By the end of Alfieri’s first speech Miller uses the dialogue to influence the audience into thinking their interpretation of Eddie Carbonne to be one of the main characters and to be identified as the hero of this particular tradgedy. The opening of the play also highlights Eddie to be seen as a decent and respected member of the community as he and his wife Beatrice were responsible for bringing up Catherine, Beatrice’s niece, when her parents died. This established Eddie as a father figure, which could explain why Rodolpho and Marco came to stay with him when they first arrived in America. The respect earned from this conveyed in many ways, such as Catherine fetching and lighting a cigar for him, and a more important way in terms of status, twice interrupting his wife in mid speech, and putting words into her mouth if anyone asks her about the immigrants in their house:’ Eddie suppose somebody†¦ ‘ ‘I don’t care what the question is. You-don’t-no-nothin’. He is drilling this idea into her head slowly so she understands the importance of not telling anyone about the Marco and Rodolpho. Miller uses this repeated interruption, which happens towards the opening of the play, to show how early on tension is evident in Eddie and Beatrice’s marriage therefore showing Eddie to be considerate. The first characters Miller presents to the audience are Catherine and Eddie. At first we see Eddie to be quite an overprotective father who sees the naivety of Catherine and tries to explain to her the fact that she’s, â€Å"Getting to be a big girl, you got to keep yourself more, can’t be so friendly†. Eddie still sees her as a â€Å"baby† as does not seem to be able to handle the fact that she is growing up and wants to be noticed by boys. Catherine’s character is presented to the audience as happy and confident, but maybe a bit forward. Eddie sees the craving of attention when she is â€Å"walking wavy† like she is selling her body to the opposite sex. Eddie does not like the fact that the boys â€Å"heads are turning†. This conversation takes place early in the first act into the story and already there has been a change in relationship whereby the audience question Eddie being jealous of the younger boys. Catherine is naive about Eddie’s reactions and thinks nothing of it. There is a lot jealousy developing in their relationship between Eddie and Catherine. Eddie becomes upset at the fact that maybe Rodolpho has won over the affection of Catherine and Eddie has been unsuccessful. Eddie retaliates through jealousy by telling Catherine that Rodolpho is using her for an American passport when they are alone. The stage directions influence the audience, as Catherine is â€Å"smiling but tense†. It is as if you can feel the friction in the air. We sympathize with Catherine as she only wants to grow up and Eddie is holding her back and still treating her like a child. Eddie is doing this because he is scared of the fact that Rodolpho is taking his â€Å"baby† away. However, later on in the play, another side of Eddie is shown. When Eddie had finished the phone call to the immigration bureau and is own his way home he bumps into Louis and Mike, they ask him to come bowling but Eddie at this time turns down the offer, as he is feeling guilty. When Eddie is back into the house Miller presents to the audience the development in Eddie and Beatrice’s relationship. Eddie expects Beatrice to respect him and do as he says â€Å"a wife is supposed to believe a husband. † This dialogue highlights Eddie’s character as being very demanding and uncompromising. The final paragraph uses poetic language and Alfieri says it in an emotional tone. Alfieri shows some admiration in his ending speech for Eddie, â€Å"I will love him more than all my sensible clients. † Alfieri admires Eddie as his heart was in the right place and he didn’t settle for half. This last speech influences the audience into thinking that throughout the play Eddie had always been loyal and decent to his family. Eddie Carbonne is a prime example of a tragic hero, as he was an honest man who nurtured and raised an orphan and gave a home to illegal immigrants. He had a fatal flaw, which, combined with other negative characteristics such as stubbornness and selfishness, led to his downfall. His death was an indirect result of his own actions, and he would have stayed alive had he not incestuously loved his niece, and tried to stop then getting married. Eddie allowed himself to be open with his personality as he portrayed his whole character in the play, from kindness to cowardness.

Macroeconomics Assignment Essay

Refer to the sets of the aggregate demand, short-run aggregate supply, and long-run aggregate supply curves. Use the graphs to explain the process and steps by which each of the following economic scenarios will shift the economy from one long-run macroeconomic equilibrium to another equilibrium. Under each scenario, elaborate the short-run and long-run effects of the shifts in the aggregate demand and aggregate supply curves on the aggregate price level and aggregate output (real GDP). Suppose the household wealth decreases due to a decline in the stock market asset prices (See the set of graphs below and pay attention to the 3-stage shifts in graphs). Answer: In graph one the decline in the stock market asset price causes the AD line to shift downward, decreasing. The long-run equilibrium in the first graph is the point where all three of the lines (LRAS, S1, and D1) are connecting. With a lower GDP, the aggregated demand curve shifts to the left (D1 to D2) creating a new equilibrium point at a lower price level. In the second graph it shows a higher supply with the increase in the SRAS (S1 to S2) curve. It will create a new long run equilibrium at a lower price level. In the last graph it shows both the shift in the AS curve from AD1 to AD2 due to the decrease and it shows the increase in the SRAS curve from S1 to S2 due to higher supplies. It shows both the old and new equilibrium along the LRAS curve. The first one being higher than the other when the shifts to the curves happened it caused the equilibrium to shift down the LRAS curve because of the lower price level. Therefore, there is a wealth decrease due to a decline in the stock market asset price causes the lines to shift causing the price level to lower and the output to increase. b. Assume the government lowers taxes, which increases the household’s disposable income. However, the government purchases (spending) remains the same. (See the set of graphs below and shifts in graphs) Answer: In graph one the aggregate demand curve shifts from D1 to D2 as government lowers taxes and household disposable income increases. It shifts outward to  the right because there is an increase because the quantity of output demanded for a given price level rises. The shift represents an expansion. The long run equilibrium is where the LRAS, AS and AD intersect with one another. The second graph the AS line shifts to the left from S1 to S2 because there is a decrease in aggregate supply caused by the increase in input prices. This creates two different equilibriums the second one is created from the shift in the AS curve. On the third graph it shows all the changes made to the economy through the AD/AS line shifts. The AS line shifts from S1 to S2 and the AD line from D1 to D2. The lower equilibrium shows when all three lines are intersecting. It is the contractionary policy causing output and the price level to decrease in the short run, but only the price level to decrease in the l ong run. The higher equilibrium shows agree when all three lines are intersecting. It is the expansionary policy causing output and the price level to increase in the short run, but only the price level to increase in the long run. 2. Suppose the economy of a hypothetical country has reached its long-run macroeconomic equilibrium when each of the following aggregate demand shocks occurs. What kind of gap, inflationary or recessionary gap, will the economy face after the AD shock indicated by the shift in AD curves? What types of fiscal policy instruments will help move the economy back to the potential level of output (real GDP)? Give specific examples. a. At the long-run macroeconomic equilibrium, the stock market boom occurs and this increases the value of stocks households hold. (See the set of graphs below and shifts in graphs in the two-steps) Answer: A positive demand shock increases demand. Shown in graph one is the increase in the demand curve from SRAD1 to SRAD2 because of the positive demand shock. What an increase in demand does is cause more goods to be consumed at a higher price. This is why the shift occurs to the right of the demand curve because there is more of a demand for the goods being produced. An inflationary gap is when there is a gap between the level of real GDP and the potential output basically when the real GDP is greater than the potential. In the graphs because of the demand shock it shows an inflationary gap with the AS and AD curve intersecting on the right side of LRAS curve. In the second graph it shows that the government intervened in  order to bring the aggregate demand curve back down to its original place. Through the fiscal policy the government increased taxes to suck money out of the economy. The negative side is that it can create a sluggish economy and high unemployment levels. However, the government still has to use the fiscal policy in order to fine tuning the spending and taxation levels. b. The government increases its purchases (spending) due to natural disasters. (See the set of graphs below and shifts in graphs) Answer: To refresh a positive demand shock increases demand. The positive demand shock is occurring in the graphs due to the increase in spending because of the natural disaster. In graph one the SRAD shifts from SRAD1 to SRAD2, which is a sign of the positive demand shock. It means that more consumer goods are being consumed than produced. It causes the curve to shift to the right because of the increase in demand. This causes the government to take action in order to bring it back down to normal, stabilize it. The intervention is shown in graph two where the government stepped in and it brought the SRAD curve back down to its normal position SRAD3. An inflationary gap is in these graphs because of the shifts to the SRAD curve. An inflationary gap is when there is a gap between the level of real GDP and the potential output basically when the real GDP is greater than the potential. The inflationary gap is where the AS and AD curve intersect on the right side of the LRAS. Usually during an inflationary gap the government increases taxes in order to suck money out of the economy. This could also be done through the fiscal policy that dictates government-spending decreasing, which would also cause a decrease in the money circulation. The goal of the fiscal policy is to even out the business cycle. Assume the Central Bank reduces the money supply in the economy, which leads to an increase in the interest rates. (See the set of graphs below and shifts in graphs) Answer: A negative demand shock decreases demand. A negative demand shock usually encounters less quantity of goods being consumed, and the consumers still within the market pay a lower price for the good. Usually during these times  the economy wants to ignite the fire through decreasing taxation-giving people more money to spend. In graph one we see the negative demand shock happening when the SRAD1 shifts to the SRAD2. This change causes a recessionary gap where the SRAD2 and the S1 intersect. A recessionary gap usually indicates that the economy is about to fall into a recession, which is defined by the lower real GDP (level of income) then the full-employment level. This puts downward pressure on pricing in the long run. Consumer spending is down and businesses are not making considerable profits. During a recession means they need to pump money into the economy through the government creating jobs and wages. This happens with the government intervention in graph two where the SRAD2 goes back to the SRAD3. Reference Investopedia. (2014). Fiscal Policy. Retrieved from http://www.investopedia.com/articles/04/051904.asp Investopedia. (2014). Demand Shock. Retrieved from http://www.investopedia.com/terms/d/demandshock.asp Libby Rittenberg and Timothy Tregarthen. (2014).