What Are the Security Problems and Solutions of the Internet

Internet has vital impact in our life nowadays as it becomes more and more popular. It allows us to have wider range of communication and interaction, to exchange and share experiences, thoughts, information, and to make business online. Without doubt, internet make our life more easier, internet banking system allow us to manage our bank accounts, paying bills without queuing, online shops allow us to make purchase without going out, online education, publication and article postings allow us learn more than what we get from text book, and a lot more. As Internet plays more important role in our daily life comparing to its initiation, some keen groups are ringing our bell, hackers, and theft of data, crackers. These people are all†¦show more content†¦Ã‚ ¡Ã‚ §PGP combines some of the best features of both conventional and public key cryptography. PGP is a hybrid cryptosystem. PGP then creates a session key, which is a one-time-only secret key. This key is a random number generated from the random movements of your mouse and the keystrokes you type. This session key works with a very secure, fast conventional encryption algorithm to encrypt the plaintext; the result is ciphertext. Once the data is encrypted, the session key is then encrypted to the recipients public key. This public key-encrypted session key is transmitted along with the ciphertext to the recipient.  ¡Ã‚ §(4) However, no matter how secure the encryption system is, we should understand that it was created by human being, That means there is chance to be cracked down. The speed of current computer cannot do so, but no guarantee for our future computers. It is a matter of time. Hackers and data theft treat security system as challenge instead of obstacles. The security threat is still on. Network Security Despite the perfection of available encryption system we have, if our network itself is not secured. All encrypted transmission will be a wasting of time. Imagine a man stand behind you watching you entering pin number in an ATM machine; the security system cannot actually help you fromShow MoreRelated What are the security problems and solutions of the Internet?1390 Words   |  6 Pages Internet has vital impact in our life nowadays as it becomes more and more popular. It allows us to have wider range of communication and interaction, to exchange and share experiences, thoughts, information, and to make business online. Without doubt, internet make our life more easier, internet banking system allow us to manage our bank accounts, paying bills without queuing, online shops allow us to make purchase without going out, online education, publication and article postings allow us learnRead MoreEssay On Develop Software To Secure The Internet Of Things1356 Words   |  6 PagesRunning head: Introduction and methodlogy 1 Introduction and methodlogy 2 Develop software to secure the Internet of Things Action Research IST8101 Vaishali Mahavratayajula Introduction In olden days, communication is not only difficult but also costly. We are dependent on letters and emails rather than phone calls. However, today technology is advanced to such an extent that cost of communication is reducing andRead MoreA Short Note On How I Use The Internet For Business Activities1539 Words   |  7 PagesP3: How I use the internet for business activities Introduction Within the contents of this leaflet I will demonstrate how I use the internet for E-Procurement and Communication. E-Procurement This is the buying of goods and services online, instead of face to face business. This is a something which I will do regularly. I have purchased a number of goods and services over the internet, these are some of the E-procurement websites I have used recently to make my purchases. Amazon.co.uk ThisRead MorePolicy Memo For White Collar Crimes1573 Words   |  7 PagesKristofer Llauger CJBS 101 Assignment 1 Policy Memo Part I I. PROBLEM Write one (1) sentence that clearly states the problem. Big financial institutions are difficult to prosecute in white-collar crimes because of their influence. Write two (2) sentences that describe the problem in greater detail (what are the effects of the problem?) The Holder Doctrine, which comes from a memo created in 1999, has been the reason behind a lack of criminal prosecution against big companies that were part of theRead MoreThe Safety Of Connected Cars Essay1677 Words   |  7 PagesDUE: 9/9 Cyber security is a topic that can be applied to basically every technology available today. However, an issue that we feel will be extremely important in the future is the safety of connected cars. Connected cars are basically cars that are equipped with internet access and usually also a wireless local area network. This is an important subject because the manufacturers of such connected cars don’t provide enough safety to protect these networks from being tampered. It leaves car ownersRead MoreNetworking : The Future Of Networking Essay1364 Words   |  6 Pageshuge demand on bandwidth. However, the development of cost-effective networks will decrease the overall cost of networking and boost bandwidth. Some of the key factors that will continue to drive networking in the years to come include; data, the internet, telecommuting and e-commerce. The increase in online access is going to increase access to information and online services. For this reason, various organizations will be forced to integrate their current disjointed networks into a single formidableRead MoreCloud Computing : A Common Question Essay1558 Words   |  7 Pages Cloud computing - we hear the term almost daily. But really, just what is cloud computing all about? That seems to be a common question. In June of this year, TELUS and IDC Canada released a study on cloud computing which surveyed 200 Canadian business and IT executives and directors at large Canadian companies (500+ employees) across a range of industry sectors. The study found that 63% of Canadian companies surveyed did not have enough or had only a base level of knowledge to make decisions onRead MoreVpn1217 Words   |  5 Pagestelecommunication infrastructure but maintains privacy through the use of a tunneling protocol and security procedures. It operates much like a Wide Area Network (WAN). Most companies actually leased lines, but in either case both solutions are very expensive. As the Internet became more widely available people started creating VPN solutions that took advantage of the cheap network access. The idea was to use the Internet s existing links to create a virtual circuit. Advantages and Disadvantages of VPN:Read More VPN or Virtual Private Network Essay1164 Words   |  5 Pagesthat makes use of the public telecommunication infrastructure but maintains privacy through the use of a tunneling protocol and security procedures. It operates much like a Wide Area Network (WAN).   Ã‚  Ã‚  Ã‚  Ã‚   Most companies actually leased lines, but in either case both solutions are very expensive. As the Internet became more widely available people started creating VPN solutions that took advantage of the cheap network access. The idea was to use the Internets existing links to create a virtual circuitRead MoreDmm Case Study Hart Venture Capital1128 Words   |  5 Pages Statement of the problem †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 3 Solution to the problem †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 4 Optimum Solution †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 5 Management interpretation †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 5 A case study on HART VENTURE CAPITAL HART VENTURE CAPITAL Hart Venture Capital (HVC) specializes in providing venture capital for software development and Internet applications. Currently HVC has two investment opportunities: (1) Security Systems, a firm that

Innovative Ways to Teach Math

Believe it or not, math can be taught in some very innovative ways, and private schools are some of the top educational institutions pioneering new ways to master a traditional subject. A case study in this unique approach to teaching math can be found at one of the top boarding schools in the US, the Phillips Exeter Academy. Years ago, teachers at Exeter developed a series of math books containing problems, techniques, and strategies that are now being used at other private day and boarding schools. This technique has become known as Exeter Math.   The Process of Exeter Math What makes Exeter Math truly innovative, is that the traditional classes and course progression of Algebra 1, Algebra 2, Geometry, etc., is done away with in favor of students learning the skills and computations necessary to solve problems. Every homework assignment contains elements of each traditional math course, rather than separating them out into segmented annual learning.  The math courses at Exeter are centered on the math problems  written by the teachers. The entire course is different from traditional math classes in that it is problem-centered rather than topic-centered. For many, the traditional middle or high school math class generally presents a topic within the class time with the teacher and then asks students to complete lengthy assignments at home that consist of repetitive problem-solving exercises, intended to help students better master the procedures for homework. However, the process is altered in Exeters math classes, which involve little direct instruction drills. Instead, students are given a small number of word problems to complete each night independently. There is little direct instruction about how to complete the problems, but there is a glossary to help students, and the problems tend to build on each other. The students direct the learning process themselves. Each night, students work on the problems, doing the best they can, and log their work. In these problems, the learning  process  is just as important as the answer, and teachers want to see all of the students’ work, even if it is done on their calculators. What If a Student Struggles With Math? Teachers suggest that if students are stuck on a problem, they make an educated guess and then check their work. They do this by making up an easier problem with the same principle as the given problem. Since Exeter is a boarding school, students can visit their teachers, other students, or the math help center if they are stuck while doing their homework in their dorms at night. They are expected to carry out 50 minutes of concentrated work per night and to work persistently, even if the work is very difficult for them. The next day, students bring their work to class where they discuss it in a seminar-like style around a Harkness table, an oval-shaped table that was designed at Exeter and is used in most of their classes to facilitate conversation. The idea is not to just present the right answer but for each student to have a turn presenting his or her work to facilitate conversation, share methods, work out problems, communicate about ideas, and support other students. What Is the Purpose of the Exeter Method? While traditional math courses emphasize rote learning that does not connect to everyday issues, the purpose of the Exeter word problems is to help students really understand math by working out the equations and algorithms themselves rather than just being given them. They also come to understand the applications of the problems. While this process can be very difficult, particularly for students new to the program, students learn traditional math areas such as algebra, geometry, and others by working out the ideas themselves. As a result, they really understand them and how they relate to mathematical issues and problems they could encounter outside of the classroom. Many private schools across the country are adopting the Exeter math class materials and procedures, particularly for honors math class. Teachers at schools using Exeter math state that the program helps students own their work and take responsibility for learning it—rather than simply having it handed to them. Perhaps the most important aspect of Exeter math is that it teaches students that being stuck on a problem is acceptable. Instead, students realize that it’s all right not to know the answers right away and that discovery and even frustration are in fact essential to real learning. Updated by Stacy Jagodowski.

Poverty in Less Developed Countries Essay - 476 Words

Poverty in Developing and Less Developed Countries The world includes less developed countries and developing countries. Less developed countries are countries considered to be poor and often contain many people who are in absolute poverty. Developing countries are countries like India, which are gaining in wealth. There are two types of poverty within the world. Absolute poverty is where people dont have enough money to provide standard living conditions for themselves and characteristics of substandard lives are disease, malnutrition, and low-life expectancy. Relative poverty is where a person is considered poor in relation to the average wealth held in their society. Poverty is a†¦show more content†¦The disasters cause poverty because these countries are often weak financially and cannot afford to restore their country after extensive damage. Therefore due to lack of resources the situation gets worse. It affects their inhabitants lives causing a lack of production leading to being unable to provide for citizens. In turn leading to poverty, as they cannot even provide substances to trade and lose money. Other factors that affect the lives of citizens are lack of clean water and standard education. Lack of medical aid also affects the country badly. An ill and uneducated workforce forms the basis of a weak, demoralised nation. These factors also lead to poverty. Frequently, when a country in the developing world is struggling economically they appeal for aid from organisations like the international monetary fund or the World Bank. They are issued loans from developed countries like the USA and England at a high rate of interest. They are required to pay over time, but the interest rates are so high that the country often finds itself in further debt than before the loan. This problem is defined as world debt. Suggestions made recently have been that all debt to be paid by the developing world should be written off and a fresh start made. However the problemShow MoreRelatedIs The Best Approach Tackle Global Poverty? Essay1554 Words   |  7 Pagestackle global poverty? Discuss with reference to free trade, fair trade and foreign aid. Poverty, the state of being extremely poor, affects a large proportion of the global population who are unable to access adequate levels of food, shelter, healthcare and education. Therefore, it is reasonable to assume that reducing poverty is considered to be a net positive without addressing the concept from a variety of theoretical lenses. The World Bank quantitatively defines those living in poverty as individualsRead MoreEssay about How World Poverty is Changing the Human Race609 Words   |  3 PagesPoverty is an epidemic which has created a huge dent to human race. More than 50% of the world population lives on less than $2.50 a day. People can’t provide even one proper meal to their children. The income differentials are widening across the globe. What are we doing to reduce this widening? What are we doing to eliminate this menace of poverty? Why can’t we produce enough food for everyone? Why can’t everyone have a proper shelter? Is it the greed i n us, the cause for it? Why can’t weRead MoreWorld Hunger Essay862 Words   |  4 Pagesmore than enough food for this amount of people, why is it that there are hungry, malnourished people all around the globe? Hunger is caused by many events, including the poverty trap, natural disasters, war, poor agricultural infrastructure, and over-exploitation of the environment. The poverty trap is the cycle of poverty that can begin from a limited diet and progress to birthing a baby that is malnourished. This causes the baby to have slower development and poor performance in school, whichRead MoreHunger, Poverty, And Poverty1300 Words   |  6 Pagesmillions of people in the world; particularly in poor countries, suffer from hunger, the scarcity of food. Many of them die because they struggle a lot to fulfill this need. However, governments, organizations and citizens try hard to find solutions to eradicate this problem. Poverty is factor associated with food insecurity. To eliminate hunger organizations and government should fight poverty above all. For most people in the world’s poorest countries, farming is how they earn an income. Farmers faceRead MorePoverty is not having the money to meet a human’s basic needs. It’s the lack of shelter and1400 Words   |  6 PagesPoverty is not having the money to meet a human’s basic needs. It’s the lack of shelter and education. It’s having poor health because you don’t have the money or transportation to access a doctor. It’s parents not being able to send their kids to birthday parties, or on school field trips (WhatisPoverty.com). There are two horrible types of poverty. The first type is absolute poverty. This type is extremely life threatening. It is when a person does not have the necessities to survive like foodRead More Income Distribution and Economic Growth in LDCs Essay1673 Words   |  7 PagesGrowth in LDCs INTRODUCTION In recent years, one of the major concerns of economic development is the study of poverty, the income distribution and growth in the less developed countries (LDC’s) or Third World countries. Economists from all over the world have been doing researches and studies on how to induce a growth in those underdeveloped countries. However, countries differentiate in historical backgrounds, cultural believes and natural resources. As a result, the government would implementRead MoreThe Mother of Revolution and Crime Is Poverty1504 Words   |  7 PagesThe mother of revolution and crime is poverty Poverty is being without things, having little money, not many material possessions and in need of essential goods. In short, being poor means that the people have nothing, and they have to struggle to even survive everyday. After physically and mentally tortured for a long period of time due to poverty, evil thoughts of getting out of the vicious cycle through illegal ways or new ideas that they think that will improve their lives will gradually startRead MoreGlobal Poverty Essay example1162 Words   |  5 PagesPoverty has become a crucial fact worldwide and has a great influence on economic development. Foreign aid from wealthy regions has been dedicated to reducing poverty. Before delving into the argument, it is necessary to clarify the term â€Å"western countries† and â€Å"global poverty†. Western countries refer to the most developed countries which have in common a high standard of living for most of the residents, such as the United States, most European co untries and Australia. Global poverty in this essayRead MorePoverty Is The Biggest World Problem1267 Words   |  6 PagesIntroduction All of us complain about what we don’t have and what we can’t afford. We forget that there are billions of people that have less than we do. Poverty is one of the biggest world problems there are today. More than 80% of people in the world live on less than 10 dollars a day. There are a growing number of people in need of resources, and no money to provide it. For example, no access to clean water and in some cases any water at all. Some people do not have shelter, or health servicesRead MorePoverty Is The Main Obstacles And Problem Of The People973 Words   |  4 PagesPoverty is the main obstacles and problem of the people are facing particularly in the world. As of 2013, there were about 2.47 billion people in the world living in poverty with an income of USD 2 or less a day most of them from developing or under developing countries located in African and Asian continent. The population living under poverty only declined from 2.59 billion to 2.47 billion between 19 81 and 2013 respectively. Hence the declines principally are seated mostly in developed countries

Female Characters In Othello Essay - 812 Words

. Examine the female characters in the play. Do they share a common role in Othello? Every woman in Othello are very important to the plot and drama. Even the premise of Othello is about one man wanting to destroy another for a Woman. The Woman that Cassio and Roderigo want in the story is Desdemona, even though she is with Othello. While Desdemona may seem a two-dimensional character, she is takes the initiate several times and is the moral center to the story. She also comes across as open minded considering that she loved Othello despite him being a different race which was often a big deal breaker for the time. The other female characters are also important to the story. Emilia Is a character who had no clue that Cassio intentions†¦show more content†¦She sees her family as backwards and ignorant for not going to school or embracing their heritage. She defiantly sees herself as being better than the rest of her family and while she may still love them she does not respec t them. This would give the story an angrier tone that would only limit the story to one point of view. One could tell that the story would be this way because her actions from the book such as when â€Å"Dee gasps, arguing that Maggie won’t appreciate the quilts and isn’t smart enough to preserve them†. This show how little she thinks of Maggie. If the story was told through Maggie’s perspective that we would see through the eyes of someone who is nervous but happy to see her sister. We would be able to get a better sense of her jealous for Dee as well as how she felt by Dee not wanting her to have the quills. Hakim-a-barber is the least fleshed out character in the story. If we saw the event from his perspective we would see his first impressions of the family as well as how he feels about the way Dee acted while they were there. 4. Read the following poem and write an analysis of the man literary devices used in the poem. The literary device used most in the poem is imagery. From the way, the poem opens with the perspective of the ambulance with â€Å"The ambulance at top speed floating down Past beacons and illuminated clocks Wings in a heavy curve, dips down, and brakes speed, entering theShow MoreRelated Female Characters in William Shakespeares Othello Essay examples2137 Words   |  9 PagesFemale Characters in William Shakespeares Othello Throughout history, women’s place and role in society has vastly changed, as well as their sexuality. In the Victorian era, it was considered abnormal for women to masturbate or feel pleasure from sexual intercourse with her husband. They were led to believe that they were sick, and thus went to their doctor who would â€Å"rid† them of their â€Å"fever† through vaginal stimulation. The patriarchal society did not want women to know or understandRead MoreThe Oppression of Women in A Room of One’s Own by Virginia Wolf1749 Words   |  7 PagesDalloway, and also in her famous essay, A Room of One’s Own. Though Woolf admires Shakespeare’s androgyny (specifically in A Room of One’s Own), she also makes the case that his treatment of female characters does not allow for the women to be three-dimensional, therefore leaving them flat and lacking in depth. Even though for the most part Woolf’s assertion is correct, there are severa l examples in Shakespeare’s plays that suggest otherwise, namely in the play Othello. Additionally, in a similar vainRead MoreThemes of Blame and Justice in Othello Essay979 Words   |  4 PagesThe Play Othello first performed in 1604 written by Shakespeare was a play that portrayed the problems faced in society regarding blame and justice. He showed this by using the setting of Venice where almost everyone was rich, living in houses based in the most powerful part of Italy. Shakespeare used race which tied into the setting as the main character, a black man living in a white society. He used gender to portray labels and to show how different sexes were treated. Shakespeare is showing usRead MoreOthello - Female Stereotypes Essay1108 Words   |  5 PagesTuesday, March 6th, 2012 Othello Essay In â€Å"Othello,† William Shakespeare extensively explores female stereotypes that occur during the playwright’s time. Throughout the Shakespearian era, women were seen as the inferior sex, over whom men had complete control and thus forcing women to act submissively and obediently in front of their husbands. Men believed that women were objects who just cooked meals, cleaned the house, and bore children while society just accepted these degrading roles. WilliamRead MoreEssay about The Effects of Femininity1571 Words   |  7 Pageswhether male or female, and can be similarly tied in with notions of gender, either masculine or feminine, which are said to be constructs, or labels, created by society. However `masculinity and `femininity become, on some levels, dislodged from the idea of the biological makeup and gender constructs, and instead tend to be described in terms of discourse. It is not just the sex and gender of a being that determines their actions, but i nstead their thoughts and opinions. This essay will assessRead MoreOthello Essay1172 Words   |  5 PagesOthello Essay William Shakespeare’s Othello tells a story of the tragic downfall of a man through jealousy and mistrust, influenced by the manipulative actions of another. Due to innumerable changes within society over time, it is inevitable that a wide range of critical interpretations and readings of the text will emerge. My personal interpretation of the play draws from the concepts of the traditional Aristotelian views of a tragedy. An Aristotelian interpretation concerns itself with whetherRead More Feminine Roles in Othello Essay1310 Words   |  6 PagesFeminine Roles in Othello  Ã‚        Ã‚   A variety of roles have women in them in William Shakespeare’s tragic drama Othello. Let us in this essay examine the female characters and their roles.    One key role for the heroine of the drama, Desdemona, is to support the general. David Bevington in William Shakespeare: Four Tragedies states the hero’s dependence on Desdemona:    Othello’s most tortured speeches (3.4.57-77, 4.2.49-66) reveal the extent to which he equates the seemingly betrayingRead MoreOthello presents women as the victims of men1276 Words   |  6 Pagesï » ¿To what extent do you agree that in â€Å"Othello† Shakespeare presents women as the tragic victims of men? Throughout ‘Othello’, Shakespeare uses the manipulation of the protagonist, by the antagonist, Iago, to present a play controlled by men. In such a male dominated society, Shakespeare presents the women in the play as tragic victims at the hands of their husbands, in particular Desdemona and Emilia. Throughout this essay I will relate to the Aristotelian and Senecan descriptions of tragedy toRead MoreEmilia and Desdemona in Othell1084 Words   |  5 PagesOthello - English Essay The contrasting characters; Desdemona and Emilia, form an interesting and important relationship in the play Othello. Desdemona is very #8216;sheltered#8217; from the ways of the world and Emilia is very #8216;down to earth#8217; and #8216;experienced#8217;. From this difference we see a fascinating relationship between the two of them. In the given passage, we see that Desdemona takes a very honest, romantic and loyal stance towards Othello, (this isRead More Race and Loyalty in Othello Essay1166 Words   |  5 PagesRace and Loyalty in Othello    William Shakespeare`s Othello is centralized around the conflicts that are, for the most part, tied in with racial issues and questions of loyalty. These conflicts stem from the society that encompass the couple, as well as from the couple themselves.   Indeed the couple are entrenched in different social strata, class and ethnicity.   The female protagonist is the daughter of a highly-respected Venetian senator: Brabantio. Othello--also known as the Moor--is a foreigner

The Consumption Of Two Goods - 1165 Words

consumption of two goods In economics a consumer is described as a rational individual who wishes to maximise their utility by making rational choices. These choices appear when a consumer is exposed to two goods, where a given amount of one good substitutes the use of another one. To calculate how a consumer can achieve the optimal allocation of the two goods, an indifference curve is used and the analysis of an indifference curve can be combined with the budget constraint. For the consumer, some combinations are better than others for maximising utility, and the best combination is the optimal combination. Consumers have preferences about the goods they consume. Therefore, when faced with a choice of goods, the consumer must decide†¦show more content†¦Consumers wish to have a higher number of goods than less. If the consumer added another book to his bundle, he would have to sacrifice some water, in order to hold utility constant. One can calculate how many glasses of water the consumer is willing to sacrifice for another book without changing his total utility through the marginal rate of substitution. According to (BEGG et al., Economics, 11th edition, McGraw-Hill Education, 2014 ), the marginal rate of substitution between two goods measures the quantity of a good the consumer must sacrifice to increase the quantity of the other good by one unit without changing total utility. For example, if the consumer has 10 books and no water and he reads 9 of these books, he won’t enjoy the last one as much. Furthermore, by drinking no water the consumer will be very dehydrate d and won’t enjoy reading at all, and so the utility of this particular bundle would be extremely low. On the flip side, if the consumer drank a large amount of water and read few books. As a result, he would be reluctant to sacrifice his books for even more water. By and large, a consumer’s preferences exhibit the diminishing marginal rate of substitution, which means that when a consumer owns lot of one good, they will give up a comparatively large amount of it to get another good of which they have little. We use indifference curves to portray our hypothesesShow MoreRelatedPublic Goods Have Two Distinct Aspects : Nonexcludability And Nonrivalrous Consumption828 Words   |  4 Pages Public Goods Public goods have two distinct aspects: nonexcludability and nonrivalrous consumption. â€Å"Nonexcludability† is defined as the† cost of keeping nonpayers from enjoying the benefits of the good or service is prohibitive.† An example of such would be an entrepreneur who has a fireworks show. There are people who are able to view the show from their homes; window and backyard. Because the entrepreneur is unable to charge for consumption, the fireworks show may go unproduced, even if theRead MoreDistribution Of Goods And Services1728 Words   |  7 Pagessomething that can be utilized by people, which are the goods and services (Wikipedia, 2015). On the other hand, distribution refers to the manner in which these goods and services are sent or conveyed to the consumers (Tutor2u.net, n.d.). Alternatively, the term consumption can be described in various ways. According to Hill (n.d.), it is generally defined as a process of purchasing or buying those previously produ ced and distributed goods and services. These three terms are related to the economicRead MoreIndifference Curve Analysis1267 Words   |  6 Pagesconsumer chooses between two goods. In other words, how the change in the wage rate will affect the choice between leisure time and work time. Indifference analysis combines two concepts; indifference curves and budget lines (constraints) The indifference curve An indifference curve is a line that shows all the possible combinations of two goods between which a person is indifferent. In other words, it is a line that shows the consumption of different combinations of two goods that will give the sameRead MoreIntroduction â€Å"Consumerism is not only refers to consumer spending or the buying of consumer goods;1100 Words   |  5 PagesIntroduction â€Å"Consumerism is not only refers to consumer spending or the buying of consumer goods; It is an ideology that an ever-increasing consumption of goods is beneficial to the economy.† Nowadays Australians like to go for shopping a lot and this behavior, to a great extent, is influenced by the tones of advertisement that people receive on a daily basis. It appears that people buy things that they need or at least they go for shopping things which they would expect to make them satisfiedRead MoreHow Planned And Perceived Obsolescence Invade Our Lives1255 Words   |  6 Pages and only 11% were recycled (Benton, Coats, and Hazell 4). Our culture has become one of consumption and products today are even designed and built with that in mind. Companies have secret weapons at work constantly behind the scenes: planned and perceived obsolescence. Jeremy Bulow who wrote extensively on the economic theory of planned obsolescence defined planned obsolescence as â€Å"the production of goods with uneconomically short useful lives so that customers have to make repeat purchases† (1);Read MoreThe Real Business Cycle Theory Model1534 Words   |  7 PagesThe two main m odels that draw most attention from the neoclassical period are the Solow model in the long run and the Real Business cycle incorporated with the Ramsey consumption or Euler equation in the short run. The Ramsey model in the short makes a more accurate depiction of what consumption and production in an economy would look like. The model in the short run follows a Dynamic stochastic general equilibrium; this type of model is more complex and allows for it to show economic growth inRead MoreInvestigating Correlation Coefficient Of Correlation1602 Words   |  7 PagesSo we want to test if the two variables are dependent or independent with one another. 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Removing or Retaining Applicant’s Personal Information Before Screen

Question: Identify the pros and cons of removing personal information, such as age, gender, ethnic origin, and family or marital circumstances, prior to the screening and shortlisting of applicants for employment. Take a position for either removing or retaining such information? Answer: Introduction The various Human Capital theories are based on identifying the skills, abilities or talents in the people, and how these competencies and experiences can be utilised towards the growth of the organisation and helping the organisation in gaining its competitive advantage (Armstrong, 2002). The recruitment process is not simple it is full of difficulties where the recruiters face the challenges of how to recruit and whom to recruit. Thus in this discussion we will be focusing on the pros and the cons of removing the personal information such as gender, age, marital status or ethnic origin before the process of screening and short listing the applicants for employment. Pros of removing personal information According to the various researchers and experiments conducted on gender biasness or equality in employment in various countries the results are there should be equality in the recruitment process. Discriminating the applicants on the basis of nationality (Firth, 1981; Bertrand and Mullainathan, 2004), on basis of gender (Riach and Rich, 2007), family status (Petit, 2007), age and disability (Riach and Rich, 2007) will not ensure equality in the hiring process and recruiters will show biasness while selecting the applicants. By removing the personal information the applicants will be treated on equal grounds and the best applicants will be selected on the basis of their skills and competencies rather than on the basis of nationality, gender, age etc. Cons of removing personal information According to Duggan Croy, 2004, recruitment is not about how to select applicants but its all about whom to select. Which means that the applicant should be in proper physical health, mental and psychological status which is required for performing a particular job. For e.g. in mining industries men are most preferred in comparison to males. For the role of midwives women are best suited rather than men nurses. In Arab countries recruitments are based on culture and gender for e.g. At female lingerie shops of Saudi Arabia employment of sales-man is strictly banned (Neumark, 1996). Thus it is very important to know the personal details of the applicants to make the hiring process more effective and to select the right person for the right job. Conclusion According to me, the personal information of the applicants should be retained, so that recruiters can ensure right people are selected as per the job requirement to overcome the problems of incompetency, failure in meeting deadline etc. For instance during government job hiring it is very necessary that the applicants must have completed the age of 18, thus at this time of hiring process personal information of the applicants is required. Similarly The company Coca-Cola operating in Nigeria believed in retaining the personal information of the applicants because the company wanted to have best recruitments by following the Nigerian corporate laws. Thus removing the personal information of the applicants will bring negative impact on the recruitment process by means of discriminations. Through this removal process the recruiters will miss the chance of recruiting the right person for the job. References Armstrong, M. 2006. A Handbook of Human Resource Management Practice. 10th ed. Great Britain: Cambridge University.Available at https://oktato.econ.unideb.hu/kunandras/BAINMBA/SlidesHRM/Handbook.of.Human.Resource.Management.Practice_10th.pdf Arrijn, P., S. Feld and A. Nayer. 1998. Discrimination in Access to Employment on Grounds of Foreign Origin: the Case of Belgium, ILO International Migration Papers 23E, Geneva: International Labour Organisation. Available at https://www.ilo.org/wcmsp5/groups/public/---ed_protect/---protrav/---migrant/documents/publication/wcms_201429.pdf Bertrand, M. and S. Mullainathan, 2004. Are Emily and Greg More Employable than Lakisha and Jamal? A Field Experiment on Labor Market Discrimination, The American Economic Review, Vol. 94, No. 4, pp. 991-1013. Available at https://www2.econ.iastate.edu/classes/econ321/orazem/bertrand_emily.pdf Corell, S.J., S. Benard and I. Paik, 2007. Getting a Job: Is There a Motherhood Penalty?, American Journal of Sociology, Vol. 112, No. 5, pp.1297-1338. Duggan, B. Croy G., (2004). Should you outsource recruitment? Emerald Management Review, Supply Management (UK) Vol. 09, No.20. Pg 26-27. Firth, M., 1981. Racial Discrimination in the British Labor Market, Industrial and Labor Relations Review, Vol. 34, No. 2, pp. 265-272.Available at https://www.equality.ie/Files/Discrimination%20in%20Recruitment.pdf Neumark, D., R. Bank and K. Van Nort, 1996. Sex Discrimination in Restaurant Hiring: an Audit Study, Quarterly Journal of Economics, Vol. 111, pp. 915-941. Available at https://qje.oxfordjournals.org/content/111/3/915.short Petit, P., 2007. The Effects of Age and Family Constraints on Gender Hiring Discrimination: A Field Experiment in the French Financial Sector, Labour Economics, Vol.14, Issue 3, pp. 371-391. Riach, P. and J. Rich, 2007. An Experimental Investigation of Age Discrimination in the English Labor Market. IZA Discussion Paper No. 3029. Bonn: Institute for the Study of Labor.Available at https://ideas.repec.org/p/iza/izadps/dp3029.html

Federal Reserve Monetary Policy Essay Example For Students

Federal Reserve Monetary Policy Essay If taxation without representation could rally the colonists against the British Crown in 1776, tight money and ruinous interest rates might be cause for populist revolt in our own day. Federal Reserve monetary policy also has severe social burdens, measured by huge changes in aggregate output, income, and employment. The imperious Fed, much like the English Crown two centuries ago, formulates and carries out its policy directives without democratic input, accountability, or redress. Not only has the Feds monetary restraint at times deliberately pushed the economy into deep recession, with the attendant loss of millions of jobs, but also its impact on the structure of interest rates and dollar exchange rates powerfully alters the U.S. distribution of national income and wealth. Federal Reserve shifts in policy have generated economic consequences that at least equal in size and scope the impact of major tax legislation that Congress and the White House must belabor in public debate f or months. Popularized studies of Federal Reserve performance in recent decades convey the image of the Fed seated in its Greek temple on Constitution Avenue, with Chairmen Volcker and Greenspan elevated to the realm of the gods. From centers of economic power around the nation Wall Street, Capitol Hill, the White House, and corporate boardrooms the classical Greek chorus intones its defense of Federal Reserve independence. On the surface, central bank independence seems an eminently reasonable, appealingly simple solution for an agonizingly complex and muddled process of making economic policy in this postindustrial, electronically linked, and computerized global economy. The independent central bank is an institutional concept that complements well the counterrevolution now underway in U.S. budget policy. Washingtons fiscal policy is locked into a deficit-cutting mode for the near future, while Congress is determined to retreat from all discretionary spending, regulatory interve ntion, or measures to improve equity in the distribution of national income and wealth. With the federal fiscal policy on automatic pilot, the Feds monetary policy could be removed entirely from the inefficiencies and confusion of the democratic process. But this deceptively simple conception poses profound questions for the process of democratic representative government in the United States as it pertains to managing the nations economy. Federal Reserve independence has a direct impact on the daily lives of most Americans in their pursuit of happiness, of which their economic welfare is a major element. Since World War II, the Federal Reserve, together with policy makers on Capitol Hill and the White House, gradually worked out strategies for achieving a balance between tolerable rates of unemployment and inflation. The government was determined to prevent the recurrence of the kind of massive unemployment suffered in the Depression of the 1930s. In 1944, President Franklin Roosev elt set forth the basis for his postwar domestic program in an Economic Bill of Rights. His number one priority was the right to a useful and remunerative job. Congress soon passed the historic Employment Act of 1946 with strong Democratic and Republican support. It gave the federal government explicit responsibility to promote maximum employment, production, and purchasing power. (This was subsequently amended and strengthened in the Full Employment and Balanced Growth Act of 1978.) In the 1950s and 1960s, both Republican and Democratic administrations pursued the generally accepted goals of full employment, sustainable growth, and minimal inflation. Economic managers shifted weight among the several objectives as the economy moved up and down over the business cycle. During those decades, American economists in the mainstream shared a broad consensus that backed counter cyclical policy aimed at a mix of full employment and reasonable price stability. We now look back on those deca des as a period of â€Å"golden growth in U.S. economic history. By the mid-1970s, however, the oil price shocks and the emergence of stagflation shattered the consensus among economists. Arthur F. Burns, chairman of the Federal Reserve Board, described the new world after the first oil price shock had driven the economy into a deep recession in testimony before Congress (October 11, 1974). According to Bums, one of the nations most distinguished researchers of the business cycle, the recession was extremely unusual, because it was accompanied by galloping inflation and booming capital investment: said Burns, I .u1d48db4cf752df1cdd57d17f4eec2eeb , .u1d48db4cf752df1cdd57d17f4eec2eeb .postImageUrl , .u1d48db4cf752df1cdd57d17f4eec2eeb .centered-text-area { min-height: 80px; position: relative; } .u1d48db4cf752df1cdd57d17f4eec2eeb , .u1d48db4cf752df1cdd57d17f4eec2eeb:hover , .u1d48db4cf752df1cdd57d17f4eec2eeb:visited , .u1d48db4cf752df1cdd57d17f4eec2eeb:active { border:0!important; } .u1d48db4cf752df1cdd57d17f4eec2eeb .clearfix:after { content: ""; display: table; clear: both; } .u1d48db4cf752df1cdd57d17f4eec2eeb { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u1d48db4cf752df1cdd57d17f4eec2eeb:active , .u1d48db4cf752df1cdd57d17f4eec2eeb:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u1d48db4cf752df1cdd57d17f4eec2eeb .centered-text-area { width: 100%; position: relative ; } .u1d48db4cf752df1cdd57d17f4eec2eeb .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u1d48db4cf752df1cdd57d17f4eec2eeb .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u1d48db4cf752df1cdd57d17f4eec2eeb .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u1d48db4cf752df1cdd57d17f4eec2eeb:hover .ctaButton { background-color: #34495E!important; } .u1d48db4cf752df1cdd57d17f4eec2eeb .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u1d48db4cf752df1cdd57d17f4eec2eeb .u1d48db4cf752df1cdd57d17f4eec2eeb-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u1d48db4cf752df1cdd57d17f4eec2eeb:after { content: ""; display: block; clear: both; } READ: A Technological Humanity Essay