Structural Adjustment Programs Have Led To The Increase

Structural adjustment programs have led to the increase in poverty by reinforcing the peripheral status of these countries within the capitalist system. The international system in characterized by the domination of peripheral countries by core, developed nations (Afriyie, 2009, 51). This system is being reinforced by structural adjustment policies that make these peripheral countries dependent and indebted to the core. The first policy that helps reinforce this system is currency devaluation. This policy makes the adjusting countries goods cheaper for foreigners to buy while increasing the price of foreign goods (Afriyie, 2009, 54). To counteract this these countries are given large foreign currency loans that encourage the purchase of†¦show more content†¦This unequal exchange of raw materials for processed goods is impoverishing these peripheral countries and allowing the developed, core countries to flourish. Rising food prices leads to more families being pushed under t he poverty line (Rao Lowenson, 2000, 7). While the IMF and World Bank claim structural adjustment programs would eliminate poverty, this has not been the case in many of the countries where these policies were implemented in (Odutayo, 2015) The continued indebtedness of developing countries results in the inability to address the growing poverty and inequality problem within these countries. The policies these developing countries are forced to implement keep them poor and powerless in the global economy (Odutayo, 2015, 88). These programs produce a vicious cycle where these indebted countries are forced to implement detrimental neo liberal economic policies that result in poverty and debt being a permanent condition of the developing world (Manji, Fiorze, Burnett, 2010, 10). In 2002, the North received around $200 billion American dollar from the South in debt repayment (Odutayo, 2015, 88). In Ghana one third of its export revenue goes to the IMF and the reaming profits go to the the Bretton Woods Institution and G7 members (Harrigan Younger, 2000, 198). With developing countries contributing their export revenue to loan repayments, they are unable to address anyShow MoreRelatedThe World Bank And The Imf Essay1328 Wo rds   |  6 Pagesservices.† Whether African countries have benefited from IMF/World Bank projects is a subject of controversy. Rono, J. K. (2002) opines that adjustment programs have caused de-legitimization of state which has led to political violence, riots and frequent regime changes in some countries in sub-Saharan Africa such as DRC, Zambia and Nigeria. For purposes of this research, I will restrict myself to discussing what is known as the structural adjustment program popularly (SAPs) in Kenya. According toRead MoreStructural Adjustment Programs1574 Words   |  6 PagesStructural Adjustment Programs are programs used by the International Monetary fund as a tool to ensure the debt repayment of highly indebted developing countries, such as the countries in the Latin American area. Structural Adjustment Programs are routed in neo-liberal thought. Neo liberal thought is an economic approach whereby economic factors are shifted from the public arena to the private one, and whereby there is the freeing up o f the economy by removing barriers and restrictions for whatRead MoreEconomic Structured Adjustment Program ( Esap )891 Words   |  4 PagesEconomic Structured Adjustment Program (ESAP) It was a World Bank and IMF, 5 year inspired program that was used to counter any economic crisis arising in developing economies. 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Social Issue And Social Problem - 1660 Words

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A Case Of Operation Management At Lotus Cars Commerce Essay Free Essays

string(30) " at the most executable cost\." Operation direction is a portion of mundane life that includes the most general undertakings of modus operandi to proper sphere specific undertakings. In instance of companies confronting certain critical bottle cervixs in the smooth and efficient working of an organisation it is better to hold some proper tools to turn to the same. The paper tries to analyze how a company can travel approximately bettering its Operation Management. We will write a custom essay sample on A Case Of Operation Management At Lotus Cars Commerce Essay or any similar topic only for you Order Now About the Company-Lotus Cars The company under survey is Lotus Cars which is a British maker of athleticss and rushing autos. The company is based out of Norflock, England. The company is into doing autos of light weight features. The company has been recently seen negative growing and slack in its net incomes. Introduction Scheme is define as the concentration of a company into its nucleus competences ( by agencies of its hereafter program of action ) in order to derive competitory advantage. Strategy Types There are four stairss of scheme that are present in context of a house and its environment. The grade to which each will impact a company ‘s fight will change depending ( netmba, 2010 ) Industrial degree scheme These are the schemes at the degree of the industry like certain authorities related regulations and ordinances. Corporate degree scheme In this instance the scheme happens at the market degree whereby companies look at the overall market conditions and competitory intelligence. Business degree scheme Many organisations are mark with diverseness ( many concerns ) . These Business degree schemes is concern with designation of the markets by which each of the many concerns compete with each other and the size of competition involved. Functional degree scheme aˆ? A company competes in several markets and therefore each map needs to develop a scheme appropriate to each of these markets. Functional schemes concern puting in and developing the necessary capablenesss to convey this about. ( thinkingmanagers, 2010 ) Functional Level Strategies within the Context of a Firm A company competes in a figure of market and therefore each undertaking needs to develop a scheme suited to all of these markets. Functional schemes concern invest in and lifting the indispensable capablenesss to transport this about. Functional scheme should be aimed at looking towards deriving a concern stableness section wise or concern units wise. ( 1000ventures.com, 2010 ) As it turns out the corporate scheme is the result of the functional scheme. Thus the former ca n’t be achieved without the later as it is the functional scheme that binds the assorted constituents of the corporate scheme. Components of the schemes of a house Definition of Operations direction Operations Management is one of the concern maps that oversee the procedure of planning, forming, co-ordaniting and commanding the procedure that are used in the production of the goods and services. It is one of the direction maps of the organisation and involves the direction of the people procedure, engineering and equipment and many other resources of the organisation. It is one of the nucleus maps of every organisation. ( managementhelp.org, 2010 ) The major function of the operations direction is to change over the inputs of the organisation into the goods and services as per the demands of the client. ( ocw.kfupm.edu.sa, 2010 ) These inputs may be in the signifier of resources ( work force ) , works installation, the procedure ( such as the equipment and machinery ) or in the signifier of stuff ( such as the information and the engineering knowhow ) . The consequences of these inputs are in the signifier of goods and services. The below figure explains the major function that the operations direction dramas. ( gyte.edu.tr, 2010 ) Performance Information feedback Customer feedback Examples of assorted operations direction maps are the motion of the passangers with their baggage from one finish to another and in infirmaries with its resources in the signifier of physicians, nurses, wardboys, operation theatre, etc for transforming a ill individual into a healtier individual. Thus is the the function of the operations direction to pull off and command all the resources of an organisation. Operations direction involves all the procedure from the design to the construct stage in the life rhythm of a merchandise or services. Thus it helps in the designing of the merchandise, make up one’s minding on the resource that are required to carry through that design, the routing of the natural stuff, the agenda production of the occupation, decising on the procedure that is to be applied to do the merchandise, make up one’s minding on the machinery, the tols and the fixture that are to be required, make up one’s minding the layout of the works thereby takin a determination on the installation where the merchandise has to be made, direction of the stock list of all the degrees of the goods produced ( natural stuff ; , work in pogress and the finished goods ) , determination on the reviews and the certification of the good made. Thus in a manner the function of operations direction is to supervise and do certain that all the procedure of the company are adhered to while executing a undertaking. It is the client feedback and the public presentation information that are used as an input by the operation direction section to continually set its inputs thereby thrying to alter the end product as per the demands. Therefore the whole of this transmutation procedure in the operations direction is a really dynamic procedure. It is besides the function of the operation direction to add value to the good and services during the transmutation procedure. Value add-on is the procedure of increasing the overall value of the merchandise ( at the end product phase ) during the transmutation procedure. ( from the natural stuff to the merchandise ) Thus the greater the value that hjas been adde more if the productiveness of the organisation. Besides operations direction besides looks at bettering the efficiency of an administration. Efficiency for an administration is to carry through all the procedure good and at the most executable cost. You read "A Case Of Operation Management At Lotus Cars Commerce Essay" in category "Essay examples" ( scribd.com, 2010 ) Model for reflecting Operations scheme issues in corporate determinations Corporate Aims Selling Scheme How to merchandises measure up and win orders in the market topographic point Operation Strategy Procedure Choice Operation Scheme Infrastructure Growth Survival Net income Return on invested capital Other fiscal steps Merchandise markets and sections Scope Mix Volumes Standardization Vs customization Degree of Invention Leader Vs follower options Monetary value Quality conformity Delivery Speed Dependability Demand additions Color scope Merchandise scope Design Brand image Technical support After-sales support Choice of alternate procedures Tradeoffs embodied in the procedure pick Role of stock list in the procedure constellation Make or purchase Capacity Size timing location Function support Manufacturing planning and control systems Quality confidence and control Manufacturing systems technology Clerical processs Compensation understandings Work structuring Organizational construction The procedure for Operations Management The stairss to associate operations to marketing with corporate scheme development are first by specifying the corporate aims. Then the links are required between aims of concern and corporate scheme. Link provides the base for set up clear, strategic manner for a industry and demonstrates all the strategic consciousness and strategic motive necessary to concern accomplishment. Link defines the limitations and symbols the parametric quantity next to which the assorted inputs could be calculated and dependability established. ( mitsloan.mit.edu, 2010 ) The 2nd measure is to find selling schemes to run into these aims and associating them closely to the in agreement corporate aims. The stairss are Market readying and pull off units should to be recognized. Analysis of merchandise markets place mark markets and O.K.ing aims for each The 3rd measure is to reexamine how dissimilar goods run into the standards in their single markets and win orders against rivals. Order Winners and Qualifiers Determining the Order Winners and Qualifiers for a peculiar market Qualifiers are those standard that a company must run into for a clients to even see it as a possible provider. Be every bit good as rivals. Order Winners are those standards that win the order. Basic Characteristics of the Order Winners and Qualifiers General statements about markets embody imprecise significances. A requirement for sound corporate scheme development ( that is, understanding by all on what markets the company is and should be in and the features of those markets ) is losing. Again Order victors and qualifiers are both market and clip specific. Usually Companies must separate the degree of importance for single standards for each market. Order victors and qualifiers and their comparative weightings will alter over clip. In the bulk cases, differences exist between the standards needed to maintain gettable clients and those wanted to add to market portion or derive possible clients. ( Stevenson, 2008 ) The following measure is to set up the appropriate procedure of Operations Management to fabricate these merchandises ( procedure pick ) Quality as a strategic tool The strategic significance of excellence excellence has emerge in conditions of strategic importance because of two incorporate factors: – The figures and capableness of new entrants into markets. Lee and Schniederjans ( 1994 ) province: The lone necessary chiropteran for fiscal laterality today and in the twenty-first century is merchandise or service excellence. Very good or category quality provides an company with the lone insurance that it can contend fruitfully whether it is American, European, or Nipponese. 2. The greater sum of pick that clients have Rivalry is fierce in today ‘s concern universe and merchandise quality is going progressively recognized as the first premier concern in many purchase decision. There are legion good publicized instances in which intense competition has been the alteration agent obliging companies to follow more advanced quality systems and entire quality direction to better merchandise quality. Tools of Operations Management that could be used at Lotus Cars The assorted tools that are effectual in instance of Operations direction are World Class JIT The purpose is to extinguish waste such as record so that no has to pay anything for them and give a fast, consistent and stretchable answer to clients ‘ demands at least cost and with minimal dependance on stock list. Now the accent is on working together with providers so that together they can happen ways of enabling providers to fulfill your demands for frequent little batch bringings without the demand for extra stock list. Cardinal Elementss of JIT Exposing cardinal jobs and so seting them right one time for all, so that they do n’t maintain repeating ( in contrast of merely in instance ) Endeavoring for simpleness, because simple procedures are less likely to do jobs and are easier to set right when they do travel incorrect. Reducing fabrication throughput times, efficaciously by utilizing cell fabrication and put up decrease techniques. Bettering supplier public presentation to halt stuff jobs interfering with your ability to fulfill your clients ‘ demand. Bettering quality, because short lead times and lower stocks mean that you no longer have the protection against things traveling incorrect that you have been used to in the yesteryear. Bettering labour flexibleness through cross-training, so that you can exchange people between undertakings to get by with the mundane ups and downs in clients ‘ demands ( Jay H. Heizer, 2001 ) Cell Manufacturing It is the procedure of grouping of fabrication installations into a production cell, in order to bring forth a household of parts which require a similar sequence of procedures. In this manner companies can cut the distance parts have to go during the fabrication procedure to an absolute lower limit. Attacking Waste The assorted wastes that the company should be looking frontward to cut down are Waste from over production Waste of waiting clip Transportation waste Processing waste Inventory waste Waste of gesture Waste from production defects Reducing Lead Timess Reducing lead clip every bit much as 50 % can be really easy. The key is to understand what is go oning, what takes the clip and what causes things to travel incorrect. Entire Quality Management ( TQM ) TQM is based on the construct that all the stakeholders of an organisation should work together to accomplish continual betterment in the organisation ‘s civilization, service, procedure and merchandises The overall aim of TQM is client satisfaction through quality merchandises and services. This in bend will take to more demand for merchandises thereby diminishing monetary value and increase hostel growing both for the company and its employees Six basic constructs in TQM Engagement of the direction as the whole construct of TQM is based on continual betterment procedure which requires everybody ‘s engagement Customer centric focal point by listening to them and supplying them with the merchandises and services as per their demands. Engagement of the employment of the company by authorising them with determination doing procedure and delegating them with more duty Increase the quality of the merchandise and services by continual betterment of the procedure A strategic provider partnership based on common apprehension and regard Estimate the public presentation in order to analyse the consequences Business Procedure Reengineering It is the agencies of re-engineering the assorted procedure that are being followed in the company thereby increasing the efficiency of the procedure, cut downing the cost and bettering the quality of its end product ( goods and services ) The whole construct of concern rhenium technology is based on inquiring some of the basic questions- ‘ Why are certain procedure in some peculiar manner? ‘ Operations direction is the key to follow the procedure of concern re-engineering in an organisation. Supply concatenation Management Supply concatenation direction is the procedure pull offing the flow of the information and the stuff to and from the provider of the natural stuff to the concluding client of the merchandise. The chief aim of the supply concatenation is to do the overall procedure in the organisation more efficient and full cogent evidence Problems with Operations Management in Lotus Cars The major jobs with Operations direction are two creases Operationss Executives feel they must: Exercise accomplishment and experience in efficaciously get bying with the exacting and changing demands placed on operations direction Reconcile the trade -offs inherent in these demands as best they can Rarely do they see as an built-in portion of their function the demand to lend suitably to corporate determinations that will impact the demands on operations direction and its ability to supply the necessary market support. How Companies see Operations Management ‘s Contribution Companies besides usually reenforce operations executives ‘ accent on the short term operational facets of operations direction. Companies develop directors within operations direction. ( C. Donald J. Waters, 1999 ) At present Lotus Cars follows the procedure of production which is more based on the Numberss of the autos to be produced ( based on the demand ) . Its providers are required to provide the natural stuff based strictly on the production predictor. But the procedure is able to present merely a certain portion of the cargo of the units on clip. Recommendations for Lotus Cars The few recommendations that the direction of a company can look into when finding their Operationss direction scheme are Planing Operationss direction should be treated as a portion of an basic hierarchal concern planning construction which assures a tantrum between developed end and events and those of bigger companies. Proactiveness The aptitude of a company to anticipate new procedures and engineerings and to set into pattern long term plan to obtain capableness in progress of demands Pattern of actions The experiential downpour of determinations or events of a company over a age of clip in 9 classs: capacity, installations, procedure engineering, perpendicular integrating, production planning and control, quality systems, organisation, work force, and new merchandise development. Portfolio of operations direction capablenesss The portfolio of developed capablenesss reflects spirited strengths obsessed by the developed intent and their comparative significance. Generic fabrication capablenesss include: quality, cost, flexibleness, innovativeness and bringing public presentation. Plan of betterment The set of structured, time-phased, and evaluated actions which are implemented to better the fabrication capableness of the house. Examples include entire quality direction, group engineering, just-in-time, etc. Program typically involve wide worker engagement Performance measuring The systemic agencies by which operation direction is evaluate. Good quality public presentation dimension strategies are allied with strategic company ends so that public presentation which furthers those ends is methodically unbreakable. The recommendation for betterments in Operations Management as per the assorted procedure involved in Lotus Cars are The company can travel in for alternate fabricating units thereby run intoing the existent demand. This will once more assist in the addition in the efficiency and the effectivity of the single units of production. The company can besides look frontward to maintain a safety stock which should once more be about 20 % -50 % of the demand thereby cut downing its chance loss. But this might take to an increased stock list keeping cost. To get the better of this company can travel for the economic order measure based on the lead clip. Again the lower stock list degrees of the plastic polymers ( which have a batch of provider ) can counterbalance for the high cost of the other natural stuff involved in the production of the autos. Supply Chain In instance of Lotus Cars the supply concatenation plays an of import function in doing its procedure more robust and efficient. Thus it requires proper informations and information flow across the assorted constituents of the value concatenation. This may assist Lotus Cars achieve a streamlined supply web. The major constituents of the supply concatenation in instance of Lotus Cars are its production section ( providers ) , the marketing/sales section ( internal ) and the distributers ( stop merchandises ) . The key to effectual supply concatenation is to organize a strong linkage between these constituents of the value concatenation. In today ‘s universe it should be remembered that it is non the companies that are viing any longer by the supply concatenation that is viing. Thus a good supply web would enable Lotus Cars to cut down the lead clip, cut down cost, and increase the bringing clip and quality of the merchandises. Lotus Cars can make off with its other activities an d dressed ore merely on its nucleus competence which is production of Quality autos. The other activities such as distribution and logistics should be outsourced to companies that are specialist in the field. ( Krajewski, 2005 ) . The other option in the instance of the Lotus Cars is to accomplish forward integrating of its supply concatenation by coaction or unifying with its distributer. Tables showcase the suggested country of betterment for Lotus Cars Quality How a company should see the procedure for effectual operations direction Situation at Lotus Cars Quality Management Quality is free It costs money to do quality Quality is controlled Quality is built in SQC Quality at the beginning is emphasized. Inspection at big Scoring, describing and measuring Credence sampling Statistical survey of fluctuations to understand causes Procedure control TQC Workers are on the topographic point problem taw Quality personal are responsible for quality jobs TQM Planing oriented Control oriented Strategic quality direction Focused on broader systems, proactive to chances, large discoveries and little stairss Focused new merchandise development, reactive to jobs, large discoveries merely. Visually command Control chart, poka-yoka Merely charts Plant and equipment How a company should see the procedure for effectual operations direction Situation at Lotus Cars Group Technology Highly used Loath to utilize Automation Valued as it facilitates consistent quality Valued as it drives labour out of the merchandise House Keeping 5 ‘s ( Seiri, Seiton, Seiso, Seketsu and Shitsuke ) are used. Relatively untidy and disorganised work topographic point. Displaies Light shows to foreground problem topographic point. Not used TPM Prevention outlook Preventive care Regular. M/c dislocation and tool failure must be eliminated. Corrective outlook Breakdown care Merely after failure. M/c break down is non serious because of stock list Production System How a company should see the procedure for effectual operations direction Situation at Lotus Cars Manufacturing system Make to order Kanban ( pull system ) Made to stock MRP ( push system ) Standardization Customized end product Standardized end product Set ups Low set up clip High set up clip Layout Flexible Rigid Material Handling systems Flow: usage of gravitation Less important Inventory System How a company should see the procedure for effectual operations direction ` Situation at Lotus Cars Waste decrease Inventory is an evil. It hides jobs that should be allowed to come up. Every attempt must be extended to minimise stock list. Inventory is an plus. It makes production turn overing along. It protects against prognosis mistake, machine interruption down, and late bringings. Queues Once in gesture, ever in gesture. Production should be merely in clip, No waiting lines of WIPs WIP are needed to be certain that machine use stays high. Lot Sizes Keep cut downing the batch size. The smallest measure is desired for both manufactured and purchased parts. Keep revising the optimal batch size based on some expressions Buying How a company should see the procedure for effectual operations direction Situation at Lotus Cars Small batch buying little Large Supplier -buyer propinquity Frequent bringings Few bringings Supplier choice Long term Short term Few committed providers Single beginning Multiple beginning Complimentary concern Work together to maximise the economic systems of carbon monoxide operation Reduce provider power, widen supply base, cut down purchaser power, widen client base Supplier as interior decorator Loose specifications, accent on public presentation Rigid specifications. Inventions are non encouraged Merchandise and Price How a company should see the procedure for effectual operations direction Situation at Lotus Cars Merchandise design Inventions Imitations R A ; D lacking: merchandise design depends upon what is available instead what the client demands Customer oriented merchandise Pricing Scheme Believe in long term additions, low borders ; sell high volumes at lower monetary value to do high net income. Strive for short term additions, sell at high monetary value to do high net income How to cite A Case Of Operation Management At Lotus Cars Commerce Essay, Essay examples

The Other Sister Essay Research Paper The free essay sample

The Other Sister Essay, Research Paper The Other Sister, produced by Mario Iscovich and Alexandra Rose was a romantic comedy. The characters gazing in this movie were Carla Tate ( Juliet Lewis ) , who was a somewhat mentally challenged immature adult female. The overprotective female parent Elizabeth, played by Diane Keaton. Carla? s male parent was played by Tom Skerritt. Last, but surely non least, there was Daniel, who was Carla? s fellow ( Giovanni Ribisis ) . Carla had spent old ages of her in a particular instruction plan at a private embarkation school. This was a really difficult determination for her parents to do. Her male parent was a rummy and did non cognize much of anything that was traveling on. Elizabeth, her female parent, was the 1 who had made the determination to travel in front and direct her girl Carla off to get oning school. That dark that Carla had gone to get oning school was the last dark that her male parent had a drink Elizabeth thought that this would be the best thing for Carla, because ther e would be other kids at this school who were besides mentally challenged. Carla had returned place after several old ages with a batch of ends that she had set for herself. The most of import thing to Carla was her demand for personal fulfilment begins to show itself in ways her female parent is unable to accept. When Carla autumn in love for the first clip with a male child from school by the name of Daniel, she wants to turn out to her female parent that merely because she may look to be different on the outside she still has the ability to be a responsible grownup, worthy of loving and being loved. Carla was traveling to take a journey and detect herself. Carla and her fellow Daniel do this together and happen some of the tough replies to life? s challenges which the two of them come across together, and to be able to turn out that sometimes a apparent life can be something so astonishing if there is person that you care about assisting you through it. The Tate? s household life was nil that was original. For one thing, the male parent was a rummy and the female parent was really overprotective of her girl Carla. There was her oldest sister who was engaged to be married and she lived a pretty normal life. Then, traveling down the line there was the 2nd girl who was a sapphic. This girl had a girlfriend who she had been with for a twosome of old ages now. Elizabeth neer wanted to run into her girl? s girlfriend. I personally think that she was merely uncomfortable with the state of affairs. Whenever there was a household event her girlfriend was neer invited and Elizabeth neer wanted to speak about her. Then, there was Carla who was mentally challenged. Elizabeth neer thought that Carla was capable of making anything on her ain. When Carla had gotten back from get oning school and went to a public school she had met this male child by the name of Daniel. He besides happened to be a mentally challenged male child merely like Carla was. They became good friends and started to hang out after school. Daniel brought Carla to where he worked at the school and she went to see him at his other work at the bakeshop. Halloween was coming up and Daniel had asked Carla if she wanted to travel to this dance with him at school. Carla asked her female parent if it would be all right if she would travel to the dance with Daniel. The dark had eventually come and the buzzer rang. It was Daniel. Elizabeth kept on stating that this? male child? was traveling to take advantage of Carla and why would person desire to travel with her. Daniel was all dressed up for Halloween. He was a Canis familiaris. Elizabeth asked him if he had a face, because he was have oning a costume that had a mask. He took off his mask and said hullo to Carla? s female parent. Once Elizabeth saw that Daniel was besides mentally challenged she was O.K. with the fact that Carla liked this male child and he was taking her out. A twosome yearss later it was Carla? s birthday and she was speaking about how all of these childs at school had there ain topographic points. She thought that it would be a great thought if she got her ain topographic point. Her sisters thought that it would be a great thought and of class, Carla? s overprotective female parent said, ? No way. ? Elizabeth? s ground for her reply was that she thought Carla could non take attention of herself. Elizabeth was believing, what if she left the door unlocked or the oven on. In her female parent? s eyes it merely was non a good thought. Carla was stating that she was traveling to take out the refuse and make other things that were responsible. Thingss that she would make if she had her ain flat. That dark at dinner, Carla? s female parent decided that she could acquire her ain topographic point. So, they watched some picture tapes on different flats. Finally, Elizabeth saw an flat that she loved and would be great for Carla. A twosome of heb domads subsequently Carla moved into her really ain flat. This merely shows how Carla? s female parent thinks that merely because she is mentally challenged that she can non make things for herself. Carla proved her female parent incorrect. She showed her that she was able to take on duties. Just because Carla is different does non intend that she should be looked at otherwise. This film relates to the book Freakshows that was to be read for category. I think this because all of the? monsters? were looked at otherwise because of the manner that they looked or acted. I disagree with that a enormous sum. I have a cousin that is mentally challenged and disability. No 1 looks at her or handle her otherwise. It was clip for Carla? s sister? s nuptials and Daniel and Carla had broken up. The 2nd girl? s girlfriend was non invited to the nuptials. During the ceremonial Daniel came back and asked Carla to get married him in forepart of everyone. Elizabeth was embarrassed, stood up and apologized for the break and said the ceremonial would now go on, and it did. It amazed me that Elizabeth was non happy for Carla and that she found person to love and that someon left unfinished. Carla kept on explicating to her female parent that she was old plenty to acquire married. She was stating that she loved Daniel. Elizabeth reused to believe Carla and told her that she does non cognize what love is. Carla was stating her female parent how she hated the nuptials that she had made for her older sister and that when her and Daniel acquire married she was traveling to do the marrying all by herself. With that remark coming out of Carla? s oral cavity, her female parent went back inside and Carla walked off in the distance. Carla and Daniel decided that they were traveling to acquire married and that they were traveling to make everything by themselves. So they did. Carla wrote out the invitations to everyone who her and Daniel wanted observing their particular twenty-four hours. When Carla? a 2nd oldest sister received her invitation, she called Carla really excited and thanked her for ask foring her girlfriend. The twenty-four hours had eventually come and Carla was traveling to be married to Daniel. Carla? s male parent was acquiring ready to travel to the ceremonial, and Elizabeth was merely sitting on the sofa. She was non traveling to the nuptials, because she thought that what Carla was making was incorrect. Carla? s male parent arrived at the nuptials with a immense smiling on his face. He was traveling to see his small girl get married. His house was traveling to be empty. After Carla and Daniel said their vows, Carla turned around and saw her female parent walking into the nuptials. This made Carla so excited to see that her female parent cared and was willing to be apart of her life even though she did non hold with everything that she did. In The Other Sister, the scenes were ever so bright and cheerful. I believe that this was done for a particular ground. I think that the movie was largely ever so bright, because Carla was an outgoing miss. She was ever looking for something to make or how to do herself be a better individual. She would acquire disquieted when people would get down to express joy at her. She wanted to be able to make things for herself and non hold other people do them for her. Carla wanted a hereafter, and that future she wanted was traveling to be with Daniel. The lone clip in the movie that it was dark was when Carla and her female parent went to the park and they were speaking about relationships, male childs, and Carla? s flat. Elizabeth was stating Carla how she did non believe that it would be a good thought if she had male childs coming over to her flat. Her female parent had to confront world and cognize that Carla was a immature adult female now and she was traveling to hold fellows and mal e childs coming over to her flat. Carla was a really bright adult female and would neer make anything to ache herself in anyhow. It was clip that Elizabeth would allow travel of her girl and let her to turn up and see what the existent universe was like. By the terminal of The Other Sister, Carla had overcome the obstructions that she was confronting. She neer thought that her female parent would O.K. of anything that she would make. Carla neer thought that the twenty-four hours would come where she would be looked at like a normal immature adult female alternatively of a mentally challenged immature adult female. Equally difficult as it was for Elizabeth to allow travel of Carla, she knew deep in her bosom that it was the right thing to make. Carla was non her? small? miss any longer. She was all grown up and married. She was traveling to populate the life that she thought she was neer traveling to hold. Carla started out life traveling off from her household, non by pick, to a boarding school for mentally challenged adolescents. Once she had returned place, Carla was able to travel to a public school and seek to make what? normal? adolescents were making. Carla shortly realized that she had passed her categories in? normal public? school. She knew that whatever she would set her head to she would be able to make. For Carla, it was such a feeling of achievement to hold succeeded in a short sum of clip The Other Sister, is a movie that no 1 should lose. It shows how even though Carla is mentally challenged she is still able to make anything that she strives for. Her female parent is really overprotective and does non desire her to travel out of the house or acquire married. Elizabeth disapproves of reasonably much everything that Carla does. Carla proves to her female parent and the remainder of her household that she is merely like everyone else. She is able to make things for herself without the aid of anyone else. Carla wants to be on her ain and free from all of the regulations that held to be true in her parent? s family. She proves that sometimes a apparent life is something so astonishing if there is person that you care about assisting you through it.

The Execution of Maximilian and The Execution of Christ Essay Example For Students

The Execution of Maximilian and The Execution of Christ Essay In this essay, the painting-The Execution of Maximilian I and the sculptural installation-The Execution of Christ have been selected to demonstrate how two artworks in different periods can have many similarities yet still hold true to their own beliefs, their relationship with the subject and his or their intended viewing audience to create a definitive style. A French impressionism artist, Edouard Manet’s painting, The Execution of Maximilian I (fig. 1),1868–69, oil on canvas, 99 3/16 x 118 7/8 (252 x 302 cm), Kunsthalle, Mannheim1 and Beijing-based artists, the Gao Brothers’ sculptural installation, The Execution of Christ (fig. ), 2009, bronze, life size, have been selected to represent the historical and contemporary works respectively. We will write a custom essay on The Execution of Maximilian and The Execution of Christ specifically for you for only $16.38 $13.9/page Order now In The Execution of Maximilian I, Manet depicts a contemporary event of political significance the fatal moment when the idealistic but naive archduke of Austria, Maximilian, Emperor of Mexico, was executed alongside two of his generals by Benito Juarez’s Mexican forces in 1867. Clearly, he draws on the model of Goya’s earlier painting, The Third of May (fig. 4), 1808 in which2 the massacre of Spanish nationalists by invading French under the orders of Napoleon I. Hundred years later, the Gao Brothers appropriated from Edouard Manet’s The Execution of Maximilian and created The Execution of Christ (fig. 3). Both works show the executioners at right, the executed at left. But how the scenes are depicted, the tone and mood set by Manet and the Gao Brothers, are distinctly different. The reasons why both artists create the artworks: Before comparing the visual compositions of two artworks,I am going to discuss what causes them to create such works. Firstly, though not generally a politically motivated painter, Manet paint was inspired to make a statement about Maximilian’s execution. As a republican, he disapproved of Napoleon IIIs actions including the controversial French intervention in Mexico3. 4Maximilian, a member of the Hapsburg family of Austria, had been installed in power in Mexico by Napoleon III of France as a ‘puppet emperor’5 with aim of forcing Mexico to pay its foreign debts and establish a European presence there. 6 However, it became a failure miserably, ending with the execution of Maximilian and two of his generals by firing squad on June 19, 1867. It seems Manet was irritated and started work on the depiction of Maximilians execution soon after the first reports of it had reached Paris at the beginning of July 1867. Correspondingly, impact from their horrible family’s 7experience during China’s 1966-1967 Cultural Revolution8 and grievance towards Mao Zedong and the Chinese government, the Gao Brothers create works, notably The Execution of Christ, which ‘ranges from the political and satirical to questions of material and spiritual spaces, and takes a humanitarian stance that questions the role government and the individual play within contemporary Chinese society since 1985. ’ Thus, it can be seen that both of them are critical of the dark reign of the role governments and express their disdain for brutality of significant political incident or war through visual methods ironically, even though they are of different origin and in different period. Similarities and differences in visual compositions and tone: Since the composition of The Execution of Christ is a direct echo of The Execution of Maximilian as noted above, both depicts the firing squad and the condemned men. In The Execution of Maximilian I, there are 3 victims, who are the Emperor Maximilian (fig. ) in the center and his two Mexican ally-generals, Mejia on his right and Miramon on his left facing 7 firing squad, and the former – in a show of dignity and loyalty – movingly clasps his hand in their final moment. Also, to a certain extent, the way Manet has set the scene seems oddly detached from the dreadful violence it implies. This is most obvious in the figure of the sarge on the right, who glances away indifferently and checks his musket while the shots are fired, and the line of rather apathetic spectators (fig. ) and greenery make up a fairly narrow slice of background, separated from the foreground by the high, cool-colored gray wall. To a certain purpose, the wall behind the execution is a bit like the scene of a bullfighting stadium10, suggesting Maximilian and the generals associated with another kind of ritual death. The implication is that Maximilian’s dea th, like his emperorship, was merely a spectacle. Figure 5 Maximilian and his generals, Mejia on his right and Miramon on his left Figure 6 The spectators peers the execution over a high, cool-colored gray wall In other hand, in The Execution of Christ, a portrayal of Jesus replaces the figure of the emperor and it is the only victim placed in the scene. Also, the firing squad are re-made as 7 life size identical Chairman Maos. Meanwhile, the Gao Brothers retains the special setting from Manet’s painting- one of the firing squad stands on the far right checking his rifle, but without spectators over the wall. Instead, we,the appreciators are the spectators to look through the scene, the installation 11. .ua692fc4130f88cb7ffc2f578fb49c3d7 , .ua692fc4130f88cb7ffc2f578fb49c3d7 .postImageUrl , .ua692fc4130f88cb7ffc2f578fb49c3d7 .centered-text-area { min-height: 80px; position: relative; } .ua692fc4130f88cb7ffc2f578fb49c3d7 , .ua692fc4130f88cb7ffc2f578fb49c3d7:hover , .ua692fc4130f88cb7ffc2f578fb49c3d7:visited , .ua692fc4130f88cb7ffc2f578fb49c3d7:active { border:0!important; } .ua692fc4130f88cb7ffc2f578fb49c3d7 .clearfix:after { content: ""; display: table; clear: both; } .ua692fc4130f88cb7ffc2f578fb49c3d7 { 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; } .ua692fc4130f88cb7ffc2f578fb49c3d7:active , .ua692fc4130f88cb7ffc2f578fb49c3d7:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ua692fc4130f88cb7ffc2f578fb49c3d7 .centered-text-area { width: 100%; position: relative ; } .ua692fc4130f88cb7ffc2f578fb49c3d7 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ua692fc4130f88cb7ffc2f578fb49c3d7 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ua692fc4130f88cb7ffc2f578fb49c3d7 .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; } .ua692fc4130f88cb7ffc2f578fb49c3d7:hover .ctaButton { background-color: #34495E!important; } .ua692fc4130f88cb7ffc2f578fb49c3d7 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ua692fc4130f88cb7ffc2f578fb49c3d7 .ua692fc4130f88cb7ffc2f578fb49c3d7-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ua692fc4130f88cb7ffc2f578fb49c3d7:after { content: ""; display: block; clear: both; } READ: Comparing "Arts of the Contact Zone" EssayEvidently, to a great extent, the above differences between Manet’s Execution and the Gao Brothers’ Execution lies on a simple change of medium, a painting to a piece of sculpture. Having said that, both works depict an similar execution scene, based on their own imagination, the tone of them are slightly different. Despite their aesthetic claims to objectivity, while Gao Brother’s work includes absolute heroes and villains, the tone of Manet’s work remains coolly ambiguous and implicitly critical of Napoleon III. The painting functions almost like reportage as Manet seems to resist taking a definitive stance on the controversial events surrounding Maximilian’s execution. Scholar, Bataille saw it was out of the sentiments,notably the indignation that Manet,a republican artist felt towards his emperor’s colonial machinations12. Scholar, George Hamilton also saw ‘nothing whatever’ to stir ‘our sympathies’13. Unlike Manet’s work, Gao Brother’s work functions as an ‘allegory of human emotions14’. Additionally, The Execution of Christ is more dramatic. Knowing the nature or story of Jesus Christ and Chairman Mao, we, viewers may find interesting in what the Gao brothers convey in their work, s a conflict of God verses a ‘pseudo-God’,a space between life and death, the secular and the religious, but also between presence and absence. What’s more, Manet’s work, it looks like a depiction of the instant of execution at first. Yet only General Mejia, to Maximilians right, seems to have been hit with his head bent backward since across his body, the smoke of the muskets is compacted in an ugly, dark grey to convey the thud of the bullets. Maximilian himself still alive, while the other general, Miramon, remains alert and was about to be the next executed . 15Beside him, the smoke drifts, dispersing in time, transparent in places to the wall behind. Manet shifts temporal as well as spatial relationships, showing us not only the instantaneous moment, but also the moment extended in slow motion, which is quite dynamic. Just the reverse, in Gao Brother’s work, the victim, Jesus hasn’t been executed yet. Whether Jesus will be executed depends on the far right Chairman Mao (fig. 7). As the firing squad pointing their rifles towards Jesus maybe deemed as deterrence to Jesus and Jesus peers down the barrels of eight rifles, it implies that death is present as a kind of sill and crux in which there is a potential for transition, rather than a end violence. Besides, the victims in both works look fearless. In The Execution of Maximilian, although Maximilian and two of his generals are clearly identifiable, comparing to the firing squad, their facial expressions appear vague and hazy. Yet, from their body languages, they seemed fearless facing towards death. Particularly, Maximilian stands slightly frontward his generals as if he is protecting them and his hat cocks upward to frame his head almost like ‘a martyr’s halo16’. Likewise, in The Execution of Christ, the protrusion of the disconcerting pain and sorrowful sadness arises through details of the scars and wrinkles on the face of Jesus (fig. 8). He is petite and barely clothed, stands with his eyes closed and his palms are facing out to expose stigmata wounds (fig. 9) on his hands as if he is explicitly dauntless and ready to be executed â€Å"again†. In addition, both of them are bare-handed, which bring out an image of innocent and defenceless. Apart from that, the Gao Brothers highlighted the proportion of the figures, which Manet did not. In The Execution of Maximilian, all objects are in same size and eye-level. Contrarily, in The Execution of Christ, the figure of Jesus is slightly smaller than those of the Chairman Maos and projects a visual distortion relative to the power relationships suggested in the formation. It also implies that despite Jesus Christ and Chairman Mao are perceived as sacred and grand icons, it is emphasised Chairman Mao is nobler and more powerful and the drama of overwhelming forces and threats imposed upon the victim. Appreciators experience feelings of panic and shock as they place themselves beside Christ and witness a massive crowd aiming rifles at the viewer at eye-level. Similarities and differences in connotations: Both artists achieved dark humour through utilisation of visual political puns by dressing the soldiers. In The Execution of Maximilian, Manet was inspired by Goya, giving a suggestion to implicate France as the executor. With his reference from a report and photographs in Le Figaro, he set the soldiers uniform to resemble the French uniform and the bullet-riddled clothes that Maximilian had worn. In sheer provocation, he also painted the facial features of the sergeant (fig. 10) holding his musket to resemble those of Napoleon III. On the other hand, in The Execution of Christ, the Gao brothers replaced the soldiers by identical Chairman Maos and implicated the soldiers as identical robots, which were incapable of independent thought and mindlessly following commands, in jest a reflection of the Red Guards17 during the Cultural Revolution. .u9d6f1d467b09fd6ae70717bb695a57fe , .u9d6f1d467b09fd6ae70717bb695a57fe .postImageUrl , .u9d6f1d467b09fd6ae70717bb695a57fe .centered-text-area { min-height: 80px; position: relative; } .u9d6f1d467b09fd6ae70717bb695a57fe , .u9d6f1d467b09fd6ae70717bb695a57fe:hover , .u9d6f1d467b09fd6ae70717bb695a57fe:visited , .u9d6f1d467b09fd6ae70717bb695a57fe:active { border:0!important; } .u9d6f1d467b09fd6ae70717bb695a57fe .clearfix:after { content: ""; display: table; clear: both; } .u9d6f1d467b09fd6ae70717bb695a57fe { 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; } .u9d6f1d467b09fd6ae70717bb695a57fe:active , .u9d6f1d467b09fd6ae70717bb695a57fe:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u9d6f1d467b09fd6ae70717bb695a57fe .centered-text-area { width: 100%; position: relative ; } .u9d6f1d467b09fd6ae70717bb695a57fe .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u9d6f1d467b09fd6ae70717bb695a57fe .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u9d6f1d467b09fd6ae70717bb695a57fe .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; } .u9d6f1d467b09fd6ae70717bb695a57fe:hover .ctaButton { background-color: #34495E!important; } .u9d6f1d467b09fd6ae70717bb695a57fe .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u9d6f1d467b09fd6ae70717bb695a57fe .u9d6f1d467b09fd6ae70717bb695a57fe-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u9d6f1d467b09fd6ae70717bb695a57fe:after { content: ""; display: block; clear: both; } READ: Charmion von Wiegand on Mondrian"s New York studio EssayFurthermore, he dressed the Mao soldiers in waggish civilian attire with their belt and pants worn high to mid-chest. Although the Gao Brothers’ cynical humor is portrayed, they accurately show how the real Mao looked during his reign. Interestingly, it seems the awful and violent nature of the firing squad is moderated by the Mao soldiers’ waggish civilian attire as well. In actual fact, based on his self-assuredness and authoritative character, Mao Zedong believed he was the only legitimate leader in China and no one should dare to oppose him. He insisted that the citizens did not have a need for religion and suppressed any public religious practices as well. Suppression of religion was part of the country’s unification plan and one’s need for religious focus was fulfilled with the image of Mao. Therefore, the images of Chairman Mao alluded to not only individually Mao Zedong, but also the cruelty of the Chinese communist government. Similarly, the image of Jesus Christ emphasized and symbolized the martyrdom of the innocent in Cultural Revolution, but not only the particular religion-Christian. By recreating the scene of the crime through The Execution of Christ, the Gao Brothers focused on Mao’s nature-‘malicious cruelty’18 and murder of the innocents in their sculpture, The Execution of Christ and wants to bring Mao back from history into the view of the public for what he really was because some wrongdoings of the Chinese government in the past are still censored. Most important thing is that the Chinese citizens deny those wrongdoings and dont even know the sheer of the history and keep holding on to the Mao’s reign. In addition, compare to Manet’s Execution, The Execution of Christ has the ability to connect with audiences outside their culture in their origin, due to the fact that the Gao Brothers interpreted human emotions through portrayals of expressive facial and body language, a universal language that surpasses all cultural barriers. Regardless of whether an observer had a knowledgeable background in religion or art history, the Gao Brothers provided enough evidence for any observer to postulate the narrative or allegory portrayed in The Execution of Christ. Conclusion To conclude, The Execution of Maximilian and The Execution of Christ both depicts the firing squad and the condemned men and have similar visual compositions based on the fact that they are inspired to one another. Also, they both created their works historically and politically provocative ,even though they did not know for certain what, precisely, happened at that time. Due to their own experiences and thoughts, their works appear a different tone and connotation. To a great extent, they look very contemporary is not only the obvious simultaneous with our turbulence society-the malicious consequences of a regime change and military intervention, exacerbated by ignorance of the government. Bibliography: Books Angremy, B. 2006, Photography as an Allegory of Human Emotion, Le Passage du Temps, Galerie Guislain Etat d’Art, Paris, p.130 Bataille, G.1955, Manet., Skira Inc., New York, p.51-53 Hanson, A.C. ,1977, Manet and the modern tradition, Yale University Press, Ltd., London, p. 52,110-114 Hamiliton, G.H. , 1966, Is Manet still Modern?, Art News Annual, p. 111 Hamiliton, G.H. , 1969, Manet and his critics , W.W. Norton Company, Inc. New York, p.81-85 Reff, T., 1982, Manet and modern Paris:, The University of Chicago Press, Chicago and London W.F. Wong, 2009, New Horizon History: Theme A Modernisation and transformation in Twentieth-Century Asia, Hong Kong Educational Publishing Co., p.233,236 Newspaper Articles Online (Anon), 2013. Brothers in Arts,Guernica . 15 November . https://www.guernicamag.com/art/brothers-in-arts/ (Anon.), (n.d.), Conflict and residence: The Execution of Emperor Maximilian. Annenberg Learner . . Available from: http://www.learner.org/courses/globalart/work/44/index.html (Anon.), (n.d.), In the line of fire: Manets The Execution of Maximilian’ . National Gallery , pp. 3. . Available from: http://www.nationalgallery.org.uk/paintings/learn-about-art/paintings-in-depth/in-the-line-of-fire/*/viewPage/3 (Anon.), (n.d.), The Execution of Maximilian, Literal Magazine. . Available from:http://www.literalmagazine.com/english_post/the-execution-of-maximilian/ Elderfield, J. , 2007. Soldiers of misfortune. theguardian News . 6 January . Available from: http://www.theguardian.com/artanddesign/2007/jan/06/art.art Gietmann, Gerhard. 1911, †Nimbus. The Catholic Encyclopedia. Vol. 11. New Advert, . Available from: http://www.newadvent.org/cathen/11080b.htm Exhibition Catalogues Kejun, Xia. 2010, Losing Mao: The Gao Brothers? Miss Mao Works.The Gao Brothers Grandeur Catharsis. , Kansas City. Field,J, Elderfield, J., Bodinson, S. , 2006, Manet and the Execution of Maximilian, MoMA, . Available from: http://www.moma.org/interactives/exhibitions/2006/Manet/ Sound recording Kemper Art Webcast. 2010. Gao Brothers: Grandeur and Catharsis Part 1. Interviewed by Arthur Hwang. Kansas City, Mo. Online Podcast. 3 min. Available from: http://kcur.org/post/interview-artists-gao-brothers-part-1 Kemper Art Webcast. 2010. Gao Brothers: Grandeur and Catharsis Part 2. Interviewed by Arthur Hwang. Kansas City, Mo. Online Podcast. 6 min. Available from: http://kcur.org/post/interview-artists-gao-brothers-part-2 Website Gao Brothers. Gao Brothers, n.d. ,n.p., Biography and news . , Available from: http://www.gaobrothers.net Image Figure 1, 5 , 6 and 10: Lessing, E., (n.d.), The Execution of Maximilian . . Available from: http://www.learner.org/courses/globalart/work/44/zoom.html Figure 2, 3, 8 and 9: Showstudio, 2012, The Execution of Christ , published in Huffingtonpost. . Available from: http://www.huffingtonpost.com/2012/07/31/the-gao-brothers-the-exec_n_1720743.html Figure 4: Museo Nacional del Prado,(n.d.), Galerà ­a online, . Available from: https://www.museodelprado.es/coleccion/galeria-on-line/galeria-on-line/zoom/1/obra/el-3-de-mayo-de-1808-en-madrid-los-fusilamientos-en-la-montana-del-principe-pio/oimg/0/ Figure 7: The Execution of Christ ,(Anon.), (n.d.), published in Ozartsetc News. . Available from: http://www.en.ozartsetc.com/2012/07/10/gao-brothers/

Free Essays on Earnings Gap

Earnings Gap Lester Thurow has presented the issue that women have failed to make more progress towards closing the earnings gap between women and men in his article, â€Å"Why Women are Paid Less than Men.† He begins the article with comparing the earnings of racial groups such as black men to white men, Hispanic women to white women, and black women to white women. He also gives statistics about the earnings of black men to black and Hispanic men to Hispanic women in order to show how minority earnings are increasing faster than women’s earnings. By emphasizing on race, he sidelines from the real issue at hand. Thurow presents many causes as to why women are paid less than men, before he presents his own reason. He suggests to the audience that men are, â€Å"programmed,† economically, to provide for their families while women are â€Å"programmed,† to take care of their family’s needs. This statement is used to convince us that this cause is due to the â€Å"biological facts of life† (187). Thurow gives this assertion and also explains that it has no evidence. The next topic that Thurow suggests is that discrimination is the cause for the difference in salaries between women and men. This cause was directed towards an audience of men due to statements like â€Å"your wife.† Thurow’s tone suggests sarcasm as he talks about this cause. He would not use a statement such as this if he were persuading an audience including women. Thurow also tries to persuade the audience that discrimination may be an issue. He wants readers to believe that for men to discriminate against women would be illogical because their household incomes would decrease by lowering their wives’ income. This argument is not valid unless husbands are the ones who decide women’ salaries. Thurow talks about educational gaps between men and women. He dismisses this as a cause due to the fact that the educational gap between the two has been closed since World... Free Essays on Earnings Gap Free Essays on Earnings Gap Earnings Gap Lester Thurow has presented the issue that women have failed to make more progress towards closing the earnings gap between women and men in his article, â€Å"Why Women are Paid Less than Men.† He begins the article with comparing the earnings of racial groups such as black men to white men, Hispanic women to white women, and black women to white women. He also gives statistics about the earnings of black men to black and Hispanic men to Hispanic women in order to show how minority earnings are increasing faster than women’s earnings. By emphasizing on race, he sidelines from the real issue at hand. Thurow presents many causes as to why women are paid less than men, before he presents his own reason. He suggests to the audience that men are, â€Å"programmed,† economically, to provide for their families while women are â€Å"programmed,† to take care of their family’s needs. This statement is used to convince us that this cause is due to the â€Å"biological facts of life† (187). Thurow gives this assertion and also explains that it has no evidence. The next topic that Thurow suggests is that discrimination is the cause for the difference in salaries between women and men. This cause was directed towards an audience of men due to statements like â€Å"your wife.† Thurow’s tone suggests sarcasm as he talks about this cause. He would not use a statement such as this if he were persuading an audience including women. Thurow also tries to persuade the audience that discrimination may be an issue. He wants readers to believe that for men to discriminate against women would be illogical because their household incomes would decrease by lowering their wives’ income. This argument is not valid unless husbands are the ones who decide women’ salaries. Thurow talks about educational gaps between men and women. He dismisses this as a cause due to the fact that the educational gap between the two has been closed since World...

The Nature of Crime Essay Example | Topics and Well Written Essays - 1500 words

The Nature of Crime - Essay Example Therefore according to this theory low self control will increase the possibility of a person committing a crime, self control is achieved during early age when a child is socializing, poor parenting will lead to low self control to a child in future while strict and proper parenting will lead to high self control to a child. This theory applies to age, race and gender, a research done to determine the age crime relationship showed that the age variable for certain crimes supported the theory in that the age was a direct result of low self control depending on level of socialization. There also exist differences among races and ethnic groups because of the difference in supervision among this groups, but the races and ethnic groups do not directly determine crime instead it is the amount of socialization by parents that determine the occurrence of crime. According to the two classical scholars low self control is as a result of poor parenting which determines the quality of socialization, parents therefore should undertake the responsibility of punishing their children incase of any misconduct in order to avoid the development of low self control which intern will lead to a h... s low self control is as a result of poor parenting which determines the quality of socialization, parents therefore should undertake the responsibility of punishing their children incase of any misconduct in order to avoid the development of low self control which intern will lead to a high possibility of the occurrence of crime. Various scholars have tested this theory and there exist various criticisms, some scholars argue that the theory relates behaviors such as drinking and smoking as criminals behaviors but to be realistic smoking and drinking individuals do not necessarily mean that they are criminals. Another critic is that the theory assumes that crime is committed for the purpose of pursuing self interest, but this may not be true for all types of crimes because some other crimes such as murder may be committed for other reasons other than self interest. The theory is also criticized for favoring traditional roles of the family, the two classical theorists favor the traditional society and argue that a child should have both parents, this is unrealistic. Other studies have opposed the theory and suggested that adult social bonds such a person who has a stable job and a happy marriage may not involve himself in crime despite a poor socializing and parenting. However the theory is a clear breakthrough in criminology and has helped understand the causes of crime, although the theory faces some critics it is the only theory that well explains he concept of crime and also possible ways of minimizing crime through proper parenting. Question 2 Discuss the role of formal "sanction threats" in offender decision making. In doing so, your essay should address: Formal social controls play a major role in the prevention of crime; control is expressed

Sharpe's Budget Problem Essay Example | Topics and Well Written Essays - 750 words

Sharpe's Budget Problem - Essay Example The cash budget should include the all the costs likely to be paid and cash to be received (Crosson, Power, and Needles, 2011). The direct cost are the expenses incurable which are directly associated with the revenue sources, and/or can be directly apportioned to that source of the revenue with a high degree of accuracy. The cash budget should be monitored closely so as to establish how closely the company has adhered to meeting its objectives with respects to its finances (Hilton, Thorne and Lang field-Smith, 2006). In order to achieve this, it is expedient to prepare a variance report. A variance statement will contrasts the expected cash outflow and expenditure. ... It will be imprudent for a company to fail to produce a cash budget. In this case, the sales of the company are increasing and collections are made at a rate of 10% of sales during the month, 60% of the sales during the month presiding the month of sales, and 30% in the second month following the sale. Rent and other expenditures are made each month and do not vary. Tax is paid only in the month of March and June, 2004 at the rate of $ 22,500 during the period under consideration. Workings NOTE 1 cash collections Jan Feb Mar Apr May Jun Jul Aug Sales 90,000 120,000 135,000 240,000 300,000 270,000 225,000 150,000 Cash sales 10% of sales 9,000 12,000 13,500 24,000 30,000 27,000 22,500 15,000 Notes – 2 collections Nov Dec Jan Feb Mar Apr May Jun Jul Aug sales 220,000 175,000 90,000 120,000 135,000 240,000 300,000 270,000 225,000 150,000 60% of sales 132,000 105,000 54,000 72,000 81,000 144,000 180,000 162,000 135,000 30% of sales 66,000 52,500 27,000 36,000 40,500 72,000 90,000 8 1,000 Total collections for the month 171,000 106,500 99,000 117,000 184,500 252,000 252,000 216,000 Notes – 3 purchases payments Nov Dec Jan Feb Mar Apr May Jun Jul Aug sales 220,000 175,000 90,000 120,000 135,000 240,000 300,000 270,000 225,000 150,000 Purchases 60% 54,000 72,000 81,000 144,000 180,000 162,000 135,000 90,000 - - Payments 54,000 72,000 81,000 144,000 180,000 162,000 135,000 90,000 - Payment of notes payable of $ 200,000 Sharpe requires cash of $ 200,000 to pay notes payable. There are two scenarios in this case, the first case is where the not payable are paid without interest. In this case, the company has ample cash to repay the notes. The following is the cash budget after factoring in the notes payable at the end of July. The assumption that the

Women and Crime Research Paper Example | Topics and Well Written Essays - 1000 words

Women and Crime - Research Paper Example Indeed, the needs of men and women—particularly in the context of the correction system—are vastly different. While the numbers of women prisoners as compared to male prisons remain relatively low, rising percentages cause concern, and this fact should produce questions about whether the criminal justice system is doing enough specifically for women. Additionally, the widespread inclusion of women in positions working within the criminal justice system shows progress in finding ways to include all people in the process of improving society’s laws and enforcement. The criminal justice system does not provide female offenders and employees with the kind of treatment best suited to them; instead, men and women are treated as interchangeable, which leads to negative effects on women and society. The current practice of the criminal justice system in the United States offers minimal differences in the handling of female offenders as compared to male offenders. Nevertheless, they are often arrested for minor crimes and are subject to higher rates of physical and sexual abuse (Braithwaite, Treadwell, & Arriola, 2008). Also, women in correctional facilities are far more susceptible to mental health problems; for instance, a recent study found nearly 73% of women in state prisons showed symptoms of mental health disorders, as compared to 12% of females and 8% of men in the general population (Covington, 2007). According to Braithwaite, Treadwell and Arriola (2008), women are grouped together across a diverse range of different crimes. This is because women prisoner populations are significantly smaller than male populations. Therefore, women convicted of very minor crimes find themselves in the same facility as women convicted of serious crime. In contrast, male prisoners are assigned to one of many options of facility, depending on an array

Rene Descartes And Rationalism

Rene Descartes And Rationalism Rene Descartes method of doubt centers on destroying knowledge to reconstruct knowledge thus, gaining certainty. To do so, one has to first doubt everything. This in my opinion promotes a certain kind of disunity in the world of knowledge, thus leading to no definite knowledge. Descartes states that in order for man not to be deceived by the supreme and powerful being (the devil), man will have to doubt everything, to be more specific, doubt everything in the physical sense. Descartes emphasizes that the only thing true in the world is thinking. Indeed the senses tend to make mistakes, but Descartes fails to see that these mistakes have a possibility in helping man conform into the world of knowledge. The method of doubt downplays every aspect of success in the realm of knowledge. There are several scientists who made scientific breakthroughs and contributions to the world of science by making these mistakes. This method of doubt is borderline pessimistic by nature. A mistake is in itself an error for man, but what Descartes fails to see is that these mistakes can help in making man better. Certainty cannot be obtained by doubting everything. Rene Descartes fails to present an endpoint. Meaning, he doesnt say when man has to stop doubting everything. Rene Descartes states To conquer that habit, therefore, I had better switch right around and pretend (for a while) that these former opinions of mine are utterly false and imaginary. He then states that he will stop doing so, until he finds a something that can counter-balance the weight of old opinion. All Rene Descartes does here is to present a means to an endpoint. But he never states what that endpoint is. Thus, rendering this kind of thinking unusable simply because one will never know when to stop doubting. The endpoint being certainty can also be doubted. This is because, how will one know that, that he is indeed nearing certainty or he has gotten to the truth. Rene Descartes offers absolutely no information whatsoever. All he does is again, state a means to an end. In Rene Descartes method of doubt the train of thought is always moving backwards. Backwards in the sense that in doubting everything, or by apparently destroying knowledge in order to reconstruct it, there is no sense of moving forward to certainty. The train of thought is always in the negative plain. In doing so, Id like to point out, man cannot reach certainty or at least know when to stop destroying knowledge to reach that certainty, by doubting everything. There should be a means of moving forward to that certainty, but in doubting everything all you are doing is going back and in fact lowering the plane of knowledge by doubting it. So what remains true? Perhaps just the one fact that nothing is certain? In thinking like this, Rene Descartes disproves that the only thing he is trying to find. In applying the method of doubt, I affirm that is indeed better to doubt something first before making a quick verification of something. In making a quick verification of things or in trusting your own senses quickly, at times you will err in doing so. But I would like to emphasize that I only affirm only until this aspect of Rene Descartes method of doubt. I believe it is in fact better to examine ones senses first before making a quick conclusion. Rene Descartes was right in saying that your senses are not clear enough to prove things. There are indeed things that elude the senses of man. But insofar, as doubting to the very core, I believe that no one will actually reach certainty. According to Rene Descartes, the only true science is mathematics. He states that, Mathematics is the only science that is indeed true. Insofar as certainty is concerned, there is no doubt that Mathematics is indeed certain in its plane of knowledge. But the certainty Mathematics emits is far different from the certainty we are looking for. Mathematics shows how the intellect can conform into something that is certain without the use of senses. But beyond that thinking, Mathematics is in no way useful. Mathematics as a starting point for reaching something that is certain outside numbers, will in no way bear any fruit. Mathematics is limited to the intellect. As far as certainty is concerned, it is indeed true. The big difference between Mathematics and all the other sciences is that, Mathematics is the only science that conforms to certainty. There is no way one can prove that 1 + 1 is not equal to two. In applying Mathematics as the basis for the method of doubt, I deny that Mathematics is useful. The mode of thinking in Mathematics is far distinct than the thinking used in the method of doubt. Meaning, the thinking in answering the mysteries of the world, or in this case, whether or not everything is an illusion, is far different from the realm of knowledge in Mathematics. Even if Mathematics conforms into something that is certain, I believe that Mathematics is still not a viable science in knowing whether or not something is true this is because the method of doubt of Rene Descartes is quite complex. Mathematics should not be the central science simply because it is the only science that conforms into something that is certain. Insofar as the statement Its not true if its not certain is concerned, there is no way one can reach at something that is beyond probable and without dispute. This is because the method of doubt has no clear path to begin with. The path to certainty with the use of the method of doubt, ultimately leads to nowhere. Furthermore, in the meditations, Rene Descartes emphasizes on doubting everything man sees because the devil works to deceive man. But I would like to point out, if man lives under these conditions, and supposing that there is indeed an entity that is out to trick man, man will not have a basis in understanding what is true. I believe man should never cower in fear of the unknown, and if a man does indeed doubt everything for the sole reason that there is an entity out to deceive man rather man should rise from this thinking and think accordingly. When someone is the author of his own thoughts and that author of thoughts is indeed wrong in something. I would like to argue that it is not because a supreme powerful being deceived that author of thoughts rather it is a mistake because of ignorance. The author of thoughts simply did not know what that thing is. It is not because of some supreme powerful deceiver rather the author of thoughts deceived himself because of his lack of knowledge. Mistakes in general happen because of a lack of knowledge. In conclusion, I believe Rene Descartes method of doubt is in fact useful only to a certain extent, but anywhere beyond it is downright absurd and a danger to the thinking of man. Certainty cannot emerge from doubt simply because in doubting everything, you also doubt truth as well. And in doubting truth or finding the real truth it beats the purpose of using the method of doubt of Rene Descartes. On Mathematics, I believe that Mathematics cannot be used as the central science in the method of doubt simply because it is the only science that conforms to something that is certain. And lastly, the method of doubt does not show any sign of an answer or a basis of what is true, rather all it states is to doubt everything until man reaches that very truth. Meaning, man will ultimately continue to doubt everything he senses without a limit. In doing so, if man does indeed doubt without a cause, I see no point in using the method of doubt.

Substance Abuse and the Elderly Essay -- Prescription Drug Abuse

The purpose of this paper is to determine the level of substance abuse in the elderly community. There is concern that as the population ages in the United States, there will be a significant increase in the number of older adults being treated for substance abuse problems. This paper seeks to understand the issues and concerns that are consequently involved with substance abuse among the elderly. There is no doubt that there is a prevalence of substance abuse throughout several age groups. To a certain extent, a society is faced with the reality of controlling substance abuse. Or allow it run rampant throughout the community. Often times, we hear and read about the level of substance abuse among teen, young adults and mid-aged adults. Alcohol, medications, illegal drugs, and over-the-counter medicines can be both abused and misused. It is a widespread belief that age plays a role in the level of influence that drugs and alcohol diminishes. As a person becomes older, drugs and alcohol is not as influential in their loves. This widespread belief has truth. However, it is important to understand that substance abuse is still prevalent in the elderly community. Drug use appears to negatively affect the health of the elderly at a higher rate than other populations (Benshoff & Koch, 2003). This may be a result of old age. So, it can be understood there is a biological effect of substance abuse among the elderly. The elderly are more susceptible to being admitted into the hospital for adverse effects of substances, while other populations of society are not. Benshoff and Koch asserts, â€Å"Intentional abuse of prescription medications to get high is thought to be rare, but over-use does occur among this population. Often this over... ...in elderly emergency department patients. Journal of the American Geriatric Society (40):1236-1240 Atchley, R. C. (1997). Social forces and aging: An introduction to social gerontology (8th ed.). Belmont, CA: Wadswortli. Benshoff, J. J., & Koch, D. (2003). Substance abuse and the elderly: Unique issues and concerns. Journal Of Rehabilitation, 69(2), 43. Kail, B., & DeLaRosa, M. (1998). Challenges to treating the elderly latino substance abuser: A not so hidden research agenda. Journal Of Gerontological Social Work, 30(1/2), 123-141. Mavandadi, S., Ten Have, T. R., Katz, I. R., Durai, U. B., Krahn, D. D., Llorente, M. D., & ... Oslin, D. W. (2007). Effect of Depression Treatment on Depressive Symptoms in Older Adulthood: The Moderating Role of Pain. Journal Of The American Geriatrics Society, 55(2), 202-211. doi:10.1111/j.1532-5415.2007.01042.x

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Topic:4Saving and Investment Definition and Kinds of Investment; Autonomous and Induced etc. Determinants of investment. Present Value Criteria for Investment. Investment Demand and Output Growth. Tobin’s Q-Theory. Lags in Investment Demand. Derivation of IS-curve, Shape of IS-curve. Volatility of Investment. Investment Demand and Fiscal Policy. Shifts in Investment Demand Curve and output determination. Topic:5 Money Market: The Demand and Supply of Money Money Demand and its Determinants, Regressive Expectation Model. Portfolio Balance Approach, Empirical Estimation of Income and Interest Elasticities.Supply of Money, Determinants of Money Supply. Measurement of Money Supply and its implications, Instruments of Monetary Policy. Interest Sensitivity of Money Supply. Quantity Theory of Money and its Critical Review. Fischer effect, Money, Prices and Inflation. Derivation of LM Curve and its Slope. LM Curve and Money Market Equilibrium. Interaction of IS-LM and Equilibrium. Top ic:6. Aggregate Demand, Supply and Stabilization Policy Keynesian Models: Liquidity Trap. Effectiveness of Policy and Price Rigidity. Slope of Aggregate Supply and Demand Curves. Liquidity Trap. Grand Aggregate Demand Curve.Interaction of IS-LM and Determination of output: Short-run and Long-run analysis: Aggregate Demand and Supply and their Slopes. Slope of IS-LM in Short-run and Long-run. Vertical / Horizontal Shapes of these Curves. Classical and Keynesian Models. Shocks to Aggregate Demand and Supply and Stabilization Policy. Supply Side Economics. Stagflation and Stabilization Policies, Shocks to IS-LM and its Outcomes and Policy Implications. Short-run – Long-run Philip Curves. Long-run and Vertical Aggregate Supply Curve. Ineffectiveness of Keynesian Policies, Technical Change and Shift in Vertical Aggregate Supply Curve.Part B: Topic:7. Open Economy and Macroeconomic Stabilization Exchange Rates and their Determinants: Mundell – Fleming Model (MFM): Small open Economy with perfect Capital Mobility. IS-LM: Goods and Money Market. Small Open Economy, Floating Exchange Rate and Fiscal Policy. Fixed Exchange Rate and Fiscal Policy. Flexible and Managed Exchange Rates. Monetary Policy, Devaluation and Recovery from great depression. Trade Policy: Mundell-Fleming Model (MFM) with changing Price Level. MFM and large open Economy. Depreciation and its impacts. Income Absorption Approach and exchange Adjustment and Balance of Payment.Topic:8. Labor Market, Price Expectation and Unemployment Demand and Supply of Labour, Equilibrium in the Labour Market. The Sticky Wage Model, Insider-Outsider Models. The Workers – Misperception Model, The Imperfect – Information Model, The Sticky Price Model. Rational Expectation (RE), Adaptive Expectations, RE and Painless Disflation, Hysteresis and challenge to Natural rate Hypothesis. Topic:9. Macroeconomic Policy Debate Policy Actions: Active or Passive, Ignorance, Expectations and the Lucas Crit ique. Conduct of Policy: Rule vs. Discretion, Distrust of Policy makers and Political Process.Macroeconomics Policy: Rules for Fiscal Policy, making Policy in uncertain World. Seignorage and Inflation: What can Policy Accomplish? Monetarists vs. Activists debate. Phillips Curve: Short run and Long run analysis. The expectation augmented Phillips Curve. Money Inclusion and output. Short Run and Long Run Adjustment. Perfect Foresight and Adjustment. Topic:10. Government Debt and Budget Deficit The size of Government Debt, Measurement Problem: Inflation, Capital Assets, Business Cycle etc. Ricardian view of Debt: Ricardian Equivalence, Consumers and Future Taxes.Tax shooting, Delayed Stabilization, Ricardo and Ricardian Equivalence and Debate. Model of Debt Crises. Topic:11. Economic Fluctuation and Its Sources The Theory of Real Business Cycles: Interpretation: Labor Market, Technology Shocks. Household Behaviour, the persistence of output Fluctuations. Limitations of the Model. The C hallenges:What we know and what we don’t know? Long-run and Country’s Capacity to Produce. Short-run and influence of Aggregate Demand. Random Walk Model. What Determines Inflation Rate, Unemployment Rate and Output Growth? Can we revise Natural Rate of Output?Should we stabilize the Economy? The cost of Inflation? The problem of Budget Deficit? Topic:12. Long-Term Growth and Full Employment †¢ Basic Neo-Classical Growth Model and Equilibrium Capital / Output Ratio, Wage – Profit Relative Shares. †¢ Neo-Classical Model with Technical Progress: ? Capital Embodied Technical Progress. ? Neutral Disembodied Technical Progress. ? Labor-Augmenting Disembodied Technical Progress. †¢ Kaldor Saving Function and Neoclassical Production Function. †¢ Golden Rule and Optimal Growth Models. †¢ New Growth Theory / Endogenous Growth. Recommended Books: 1.Branson, William H. , (1979), Macroeconomic Theory and Policy, Harper and Row Publishers, New York / London. 2. Branson, William H. , and Litvack James M. , Macroeconomics*, (Latest Edition), Princeton University. 3. Glahe, Fred R. , (Latest Edition), Macroeconomics, Theory and Policy, Harcourt Brace Jovanovich Inc. 5. Mankiw, Gregory N. , (2000) Macroeconomics*, Worth Publishers, New York. 6. Peel D. and Minfow P. , (2002). Advance Macroeconomics, Edward Elgar, Cheltenham, U. K. 7. Romer, David, (2001). Advanced Macroeconomics*, McGraw Hills, New York / London. 8. Sargent, Thomas J. (1988) Rational Expectations and Inflation*, Harper and Raw Publishers, New York / London. 9. Rosalind Leveic and Alexander Reborens, Macro-economics: An Introduction to Keynesian Neo-Classical Controversies; Macmillan (Latest edition). 10. Denison, Edward F. 1985. Trends in American Economic Growth, 1929-1982. Washington: The Brookings Institution. *Strongly Recommended Additional Reading Material / Research Papers: 1. Ball, Laurence, Mankiw, N. Gregory, and Romer, David. 1988. â€Å"The New Keynesi an Economics and the Output-Inflation Tradeoff. † Brookings Papers on Economic Activity, No. , 1-65, Reprinted in Mankiw and Romer (1991). 2. Barro, Robert J. 1976. â€Å"Rational Expectations and the Role of Monetary Policy. † Journal of Monetary Economics 2 (January): 1-32. 3. Barro, Robert J. 1989. â€Å"Interest-Rate Targeting. † Journal of Monetary Economics 23 (January): 3-30. 4. Barro, Robert, J. , and Gordon, David B. 1983b. â€Å"Rules, Discretion and Reputation in a Model of Monetary Policy. † Journal of Monetary Economics 12 (July): 101-121. Reprinted in Persson and Tabellini (1994). 5. Bernheim, B. Douglas. 1987, â€Å"Ricardian Equivalence: An Evaluation of Theory and Evidence. NBER Macroeconomics Annual 2: 263-304. 6. Blanchard, Olivier J. 1984. â€Å"The Lucas Critique and the Volcker Deflation. † American Economic Review 74 (May): 211-215. 7. Fischer, Stanley. 1993. â€Å"The Role of Macroeconomic Factors in Growth. † Journal of Monetary Economics 32 (December): 485-512. 8. Friedman, Milton, 1968. â€Å"The Role of Monetary Policy†. American Economic Review 58 (March): 1-17. 9. Genberg, Hans. 1978. â€Å"Purchasing Power Parity under Fixed and Flexible Exchange Rates. † Journal of International Economics 8 (May): 247-276. 10. Long, John B. , and Plosser, Charles I. 983. â€Å"Real Business Cycles. † Journal of Political Economy 91 (February): 39-69. 11. Mankiv, G. , N. (1990), A quick Refresher Course in Macroeconomics, Journal of Economic Literature, Vol. XXVIII, 1645-60. 12. Romer, Christina D. 1999. â€Å"Changes in Business Cycles: Evidence and Explanations. † Journal of Economic Perspectives 13 (spring): 23-44. 13. Romer, Paul M. 1990. â€Å"Endogenous Technological Change. † Journal of Political Economy 1998 (October, Part 2): S71-S102. Paper 3. MATHEMATICAL ECONOMICS Topic 1:The Nature of Mathematical Economics Ingredients of mathematical models.Derivations: Equ ation of a straight line and its forms: Two point, intercept, point slope and slop intercept. Types of functions: constant, polynomial, rational, non-algebraic. Relationships and functions. Indices & their rules. Functions of more than two independent variables. Logarithms & the rules of logarithms. Topic 2:Equilibrium Analysis in Economics A linear partial equilibrium market model. The effect of an excise tax in a competitive market. Non linear market model. General Market Equilibrium. Equilibrium in a linear National Income Model. Topic 3:Linear Models and Matrix AlgebraTheory of matrix multiplication. Laws of matrix operations. Types of matrices: Square, identity, null, idempotent, diagonal, transpose and their properties. Conditions for non singularity of a matrix. Minors and cofactors. Determinant & its properties. Solution of linear equations through Gaussian method, Cramer’s rule and Inverse of a matrix method. Properties of inverse of a matrix. Use of matrix approach in market & national income models. Topic 4:Input-Output Analysis Input-output model, its structure and its derivation. The use of input output model in Economics. Topic 5:DifferentiationRules of differentiation. Differentiation of a function of one variable. Sum-difference, product, quotient, chain, power, inverse, logarithmic & exponential functions Combinations of rules. Higher order derivatives. Economic applications of derivative. Concept of maxima & minima, elasticity and point of inflection. Profit & revenue maximization under perfect competition, under monopoly. Maximizing excise tax revenue in monopolistic competitive market, Minimization of cost etc. Topic 6:Partial & Total Differentiation Partial differentiation & its rules. Higher order & cross partial derivatives (young’s theorem).Total differential & total derivatives. Implicit functions rule of differentiation. Optimizing cubic functions & their economic application. Topic 7:Economic Applications of Partial & T otal Differentiation Comparative static analysis: a linear Partial equilibrium market model, a linear National Income model. Partial elasticities. Production functions Analysis. Maximization & Minimization of unconstrained functions & their economic applications: Profit maximization by a multi-product firm under perfect Competition & monopoly, Price discrimination, Multi-plant monopoly, input decisions etc.Topic 8:Optimization: Constrained & Extrema Free and constrained optimization, extrema of a function of two variables: graphical analysis, Lagrange method. Utility maximization & Cost minimization. Homogenous Production function, Cobb Douglas Production function. Jaccobian determinants. CES Production Function. Translof Function. Topic 9:Linear Programming Ingredients of linear Programming. Graphical approach, simplex method, economic application of linear programming. Concept of primal & dual. Duality theorems. Solving of Primal via dual.Economic interpretation of a dual. Recomme nded Books: 1. Chiang, A. C. , Fundamental Methods of Mathematical Economics, McGraw Hills, (Latest Edition). 2. Baumol W. J. , Economic Dynamics, Macmillan, (Latest edition). 3. Budnick, Frank, Applied Mathematics for Business, Economics and Social Sciences. 4. Dowling E. T. , Mathematics for economists, Schum Series (latest edition). 5. Weber E. Jean, Mathematical Analysis, Business and Economic Applications (Latest Edition) Harper and Row Publishers, New York. Paper 4. STATISTICS FOR ECONOMISTS Topic 1:IntroductionDescriptive and inferential statistics; Variable and constant, population and sample, parameter and statistic; The four basic activities in statistics: Designing a plan for data collection, Exploring the data, Estimating an unknown quantity, Hypothesis testing; Type of measurement scales: Nominal, Ordinal, Interval and Ratio; Types of data: Univariate, Bivariate and Multivariate data, Primary and secondary data, Quantitative data and qualitative data, Time series, Cross -sectional and pooled data; Significant digits and rounding off numbers; Errors: Biased and unbiased.Topic 2:Presentation of Data and Measure of Central Tendency Introduction; Classification; Tabulating numerical data: The frequency distribution, The cumulative frequency distribution, The relative frequency distribution, The percentage frequency distribution; Graphic and diagrammatic representation: Bar chart, Pie chart, Histograms, Frequency curves and Histo-grams; Histograms by Hand: Stem-and-leaf.Measure of central tendency; Introduction; Types of Averages: Mean: Arithmetic mean, Geometric mean, Harmonic mean, Trimmed mean and Winsorized mean; Quintiles: Median, Quartiles, Deciles, Percentiles; The mode; Box plot and detailed box plot; Empirical relation between Mean, Median and Mode; The cumulative distribution function: Finding the percentile ranking for a given number, Finding the percentile for a given percentage; Summary measures and type of data. Topic 3:Measures of Dispers ion, Skewness and KurtosisAbsolute and relative measure of dispersion; Different measures of dispersion: The Range, Quartile deviation, Mean deviation, Variance and standard deviation: Definition and interpretation of variance and standard deviation, Computation of variance and standard deviation, Step deviation method or coding method, Coefficient of variation, Standardized variable, Properties of standard deviation and variance; Skewness: Karl Pearson’s coefficient of skewness, Bowley’s coefficient of skewness; Kurtosis. Topic 4:Probability and Probability DistributionA survey of probability concepts: Classical probability, Empirical concept, Subjective probability; Some rules of probability: Rules of addition, Rules of multiplication; Tree diagrams; Conditional Probability, Bayes Theorem; Counting rules: The multiplication formula, The permutation formula, The combination formula. Discrete probability distribution, Random variables, Discrete random variable, Continu ous random variable; The mean, variance and standard deviation of a probability distribution; Binomial probability distribution, and its computation.Cumulative probability distributions, Properties of Binomial probability distribution. The normal probability distributions: Properties of normal distribution, Applications of the standard normal distribution, Areas under the normal curve, Finding areas under the normal curve; The normal approximation to the binomial; Continuity correction factor. Topic 5:Survey Sampling and Sampling DistributionsSampling the population, Advantages of sampling, Representative samples, Sample design and sample survey, Sampling frame, Probability and non-probability sampling, Sampling with and without replacement, Sampling and non-sampling error, sampling bias; Probability sampling and non-probability sampling methods; Sampling distribution of the mean; The central limit theorem; Sampling distribution of differences between means; Sampling distribution of sample proportion; Sampling distribution of differences between proportions.Topic 6:Estimation and Confidence Intervals Point estimates and confidence intervals; Estimation by confidence interval: Confidence interval estimate of a population mean (Known Variance), Confidence interval estimate of a population mean (Unknown Variance) Confidence interval for differences of means, Confidence interval for differences of means; Confidence interval for population proportion, Confidence interval for differences between proportions; One sided confidence interval; Sample size for estimating population mean.Topic 7:Hypothesis Testing One sample test of hypothesis; One Sample; One tail and two tails tests of significance; Testing for a population mean with a known population standard deviation: Two-tailed test, one-tailed test; P-Value in hypothesis testing; Testing for a population mean: Large sample, Population standard deviation unknown; Testing hypotheses about population proportion when s ample size is large; Type II error. Testing of two Sample Hypothesis: Population means, Population proportions; comparing populations with small samples.Topic 8:Chi Square Applications Introduction; Goodness-of-fit test: Equal expected frequencies; Goodness-of-fit test: Unequal expected frequencies; Limitations of Chi  square; Using the goodness-of-fit test to test for normality; Contingency Table Analysis. Topic 9:Analysis of Variance Introduction, The F distribution; Comparing two population variances; ANOVA assumptions; ANOVA test; Inferences about pairs of treatment means; Two-way analysis of variance. Topic 10:Simple Linear Regression and Correlation AnalysisScatter diagram; Standard methods for obtaining regression line: (i) Inspection, (ii) Semi average, (iii) Least squares principle; Assumptions underlying linear regression; Measures of variation: Standard error of the estimate, Coefficient of determination; Prediction in Regression Analysis; Interpolation verses extrapola tion; Correlation analysis; Scatter diagram; The coefficient of correlation: Properties/characteristic of coefficient of correlation, Correlation and causation; The relationship among the correlation coefficient, the coefficient of determination and the standard error of estimate; Inference about the slope and correlation coefficient; t-test for the slope, F- test for the slope, t-test for correlation coefficient; Estimation of the mean values and predication of individual values; Confidence interval and predication interval estimate; Rank correlation. Topic 11:Multiple Linear Regression and Correlation AnalysisMultiple linear regression model, Interpretation of partial regression coefficients; Estimation of multiple linear regression model with two explanatory variables by using Least squares principle, Matrix approach, Deviation form; Pitfalls and problems in multiple regression: Multicollinearity, Variable selection, Model misspecification; Multiple standard error of estimate; Co efficient of multiple determination (adjusted and unadjusted); Evaluating the regression equation: Using a scatter diagram, Correlation matrix, Global test, Individual variable significance test, Qualitative independent variables; Multiple regressions in terms of linear correlation coefficients; Multiple correlation and partial correlation; Nonlinear regression models; Dealing with nonlinear relationship and unequal variability. Topic 12:Applied Statistics Index Numbers, Un-weighted index numbers; Simple aggregative index; Weighted indexes; Laspeyre’s price index, Paaseche’s price index, Marshal- Edgeworth price index; Fisher’s ideal index; Consumer Price Index (CPI), Producer Price Index (PPI), CPI versus GDP Deflator; Issues in constructing and using index numbers; Application of index numbers to business and economics.An overview of time series analysis; Component Factors of the classical multiplication time series model and their estimation: Secular trend; C yclical variation, Seasonal variation, Irregular variation; Smoothing the annual time series and using it in forecasting: Moving averages, Weighted moving averages, Exponential smoothing; Using trend and seasonal component in forecasting; Time series and forecasting; The multiplicative model, Calculating the seasonal indexes, De-seasonalization the time series, Using deseasonalized time series to identify trend, Seasonal adjustments, Model based on monthly data, Cyclical component; Modeling cyclic behavior using box-Jenkins ARIMA processes; Using regression analysis in forecasting; Qualitative approach to forecasting: Delphi method, Expert judgment, Scenario writing, Intuitive approaches; Choosing an appropriate forecasting model; Some observations on time series analysis. Recommended Text books: 1. Lind, Douglas A. , Marshal, William G. and Mason, Robert D. , Statistical Techniques in Business and Economics (11th edition). Boston: McGraw Hill, 2003. 2.Chaudhry, Sher Mohammad and Ka mal, Shahid, Introduction to Statistical Theory (7th edition). Lahore: Ilmi Kitab Khana, 2002. 3. Siegel, Andrew F. , Practical Business Statistics (5th edition). Boston: McGraw Hill, 2003. 4. Newbold, Paul, Carlson, William L. and Thorne, Betty M, Statistics for Business and Economics (5th edition). New Jersey: Prentice Hall, 2002. 5. Keller, Gerald and Warrack, Brian, Statistics for Management and Economics (5th edition). Boston: Duxbury Thomson Learning, 2000. Additional Readings: 1. Berenson, Mark L. , Levine, David M. and Krehbiel, Timothy C. , Basic Business Statistics: Concepts and Applications (9th edition). New Jersay: Prentice Hall, 2004. 2. Barron, Michael M. Statistics for Economics Accounting and Business Studies (Latest Edition), New York, Prentice Hall. 3. Carlson, William L. and Thorne, Betty, Applied Statistical Methods for Business Economics and Social Sciences (Latest edition). New Jersey: Prentice Hall. 4. Moore, David S. , The Basic Practice of Statistics (2nd e dition). New York: Freeman,2000. Paper 5. ISLAMIC ECONOMICS Note: The instructor concerned may assign additional and latest literature on the subject matter. The references provided at the end of the course are just helping literature. Students must consult additional literature on each topic. Topic 1:Introduction: Islamic Economics i) Nature, and Importance of Islamic Economics.Islamic Economics Versus Economics of Secular Economy and Mixed Economic System. ii) Brief Introduction of Basic Values of Islam; Taqva, Halal and Haram, Justice, Benevolence, Equality, Brotherhood and Cooperation as Determinants of Economic Behaviour and Policies. Topic 2:Major Economic Thoughts: Contribution of Scholars Contribution of some Earlier Muslim Scholars in the Development of Islamic Economics (Imam Abu Yousuf, Imam Abu Ubaid Al Qasim,, Ibn-e-Khaldoon, Imam Ibn-e-Taimiah, Shah Waliullah Dehlvi, Baqar-al-Sadar). Topic 3:Islamic Economic System Silent features of Islamic Economic System; objectives , Economic Freedom, Property and Ownership Rights. The Concept of Equality and Efficiency.The Relative Importance of Capital and Labour. Priority to Basic Needs. Concepts of Ownerships and Implication. Welfare and income Distribution. Comparison of Islamic Economic System with Capitalism and Socialism, with respect to above cited principles / values of Islam. Topic 4:Microeconomics in Islamic Framework The Consumer Behaviour in Islam. Utility, Moderation, optional Consumption Behaviour. Organization of Production and Behavioural Theories of Firms. Objectives and Behaviour of Firm in Islamic Economy. Business Ethics in Production and Marketing. Hoarding and Gains. Market Structure – Monopoly and Competition, Resource Allocation in Islamic Environment and Cartels.Concepts of Fair Trade. Stockists / Wholesales, determination of Prices and Rate of Normal Profit / Meeting of Losses. Price Mechanism and State Role in Regulation of Markets. Topic 5:The Modes of Financing In Islam Mo darba and Musharka Types of Bai. (Bai-Salam, Bai Muajjal, Morabaha. ) Saving and Investment in Islam. Investment of Savings for Gains. Topic 6:Distribution in Islamic Economy Islamic Stress on Circulating of Wealth. Steps against Concentration of Wealth. Social Justice in Islam. Rights of Labour, Distributive Justice Use of Land and Other Natural Resources and their Rewards. Role of State in Distribution of Wealth.Topic 7:Some Basic Macroeconomic Concepts Consumption, saving and Investment Functions in Islamic Environment. Determents of Islamic Consumption Function, Concept to Help others, Welfare and Religious believes. Zakat and Usher. Topic 8:Demand and Supply of Money and Banking Gold Money, Paper Money and Credit Money. Western Justification of interest. Islamic Concept of Riba, its Implications and Alternatives. Functions of Commercial Banks in Islamic Framework. Central Banking and Monetary Policy in Islamic Framework. Central Banking and Monetary Policy in Islam. Inflation V s. Design of Capital Market. Monetary Policy in an Islamic Framework. Topic 9:Zakat, Social Justice and StateMeaning of Zakat, Nisab, Introductory Hints about items of Zakat. Distributive Role of Zakat and Social Justice. Zakat as a tool in Fiscal Policy. Economic Role of Islamic State. Welfare consumption and limits. Revenue and Expenditure Items in Modern Islamic States. Beneficiaries of Zakat. The Tax Policy of Islam. Nature and Scope of Fiscal Policy in Islamic State (Taxation Policy). Expenditure Principles. Burden of Taxes. Topic 10:Economic Planning and Development Concepts and Objectives of Economic Development in Islam. Resources for Development. Nature of Economic Planning in Islam. Topic 11:The Islamisation Process In Pakistan The Islamisation of Banks. Implementation of Zakat / Usher in Pakistan.A brief Survey of Changes in Economic Structure and Conditions Since the Holy Prophet (regarding Transport / communication, Business Forms, Production of Goods, Money and Banking ). Topic 12:New Emerging Issues and Challenges Current Situation and Proposed Changes. Islamic View of International Economic Institutions and Modes of International Cooperation. Islamic View of Globalization. Quality Identification of Goods, Merits and Trade. Fair Prices Vs. Market Price etc. Books Recommended: Basic Texts: 1. Islamic Economics: Theory and Practice, A Comparatice Study, M. A. Mannan, Cambridge, Hodder and Stoughton, 1986 (or latest ed. ) 2. Islamic Economics: Dar A. H & M.. Akram Ilmi Kitab Khana, Lahore (latest ed. 3. Macro Consumption Function in an Islamic Economic Framework, M. Fahim Khan, International Centre for Research In Islamic Economics, King Abdual Aziz Univ, KSA. References: 1. Ahmad, Khurshid, (latest edition), Fiscal Policy and Revenue Allocation in Islam, International Islamic University, Islamabad. 2. Anf A. Q. Mannan M. A. (1995), Developing a System of Financial Instruments IRTI, Islamic Development Bank, Jeddah. 3. Badawi, Imam Abu Abaid Al-Qasi m Muhammad A. Zaki, Kitab ul Amwal: , Zakat and Social Justice, Islamic Council of Europe, London, 1979. 4. Chapra T M. , The Economic System of Islam, University of Karachi, 1991. 5.Chapra, Umer, Monetary Policy in an Islamic Economy, in Money and Banking in Islam, Institute of Policy Studies, Islamabad. 6. Ghazanfar S. M. , (2003), Medieval Islamic Economic Thoughts, Routledge Publishers. 7. Khan M. Fahim, (1995), Human Resource Mobilization Through the Profit, Loss Sharing Based Financial System, IRTI, Islamic Development Bank Jeddah. 8. Khan, Tariq ullah, (1996), Practice and Performance of Mudarba, A case study of Pakistan, IRTI, Islamic Development Bank, Jeddah. 9. Khurshid, Ahmad, Elimination of Riba: Institute of Policy Studies, Islamabad. 10. Mahdi, M. Ahmad, (1995), Islamic Banking Modes for House Building Finance, IRTI, Islamic Development Bank, Jeddah. 11. Mannan M.A, (1996), Financing Development in Islam, IRTI, Islamic Development Bank, Jeddah. 12. Naqvi Syed Nawab Hyd er Ethics and Economics: . Leicester, The Islamic Foundation. 1981. 13. Nomani, Farhad & Rehnuma. , Ali, Islamic Economic Systems: – Zed Books Ltd. , London, 1994. 14. Nuti, D. Haris, (1995), The Economics of Participation, IRTI, Islamic Development Bank, Jeddah. 15. Siddiqui, M. N. , Muslim Economic Thinking, Leicester, The Islamic Foundation. 1985. 16. Tago, Usman, Justice: Introduction to Islamic Finance, (2000), Idara-tul- ma’arif edition. 17. Yusaf , Imam Abu, Kita bur Kharaj, Lahore, Islamic Book Centre, 1979. Paper 6. MAJOR ISSUES IN PAKISTAN ECONOMY Topic 1:Overview of Pakistan EconomyDevelopment Experience, Approaches, Policies and Outcomes. Identification of Issues: The era of 1950’s, 1960’s, 1970’s, 1980’s 1990’s and 2000’s. Structural Change and Sources of Growth. Emergence of Economic Issues, Human Resource Development, Unemployment, Poverty, Income Distribution, Debt, Deficit etc. Growth with limited development i n Pakistan. Topic 2:Development Planning and Resource Mobilization Agricultural Development Policies and Priorities, Major Targets of Develop Plans and Emerging Issues; Neglects and Successes: Mobilization of Domestic Resources; Shortages, Deficits and Role of Foreign Aid. Agricultural Vs. Industrial Development Debate. Agricultural Adequacy.Topic 3:Agriculture and Industrial Development: Emerging Issues Pattern of Agricultural and Industrial Development, Land Reforms and Its Impacts, the Role of Green Revolution and its Impacts: Present Status. Agricultural Price Policy and Income Tax. Sectoral Terms of Trade. Industrial Development Policies and Strategies. Development of Large and Small Industries. Value Added: Manufacturing Goods Vs. Primary Goods Production. Agriculture Vs. Industry: Development Debate. Topic 4:Sectoral Development, Employment Pattern and Unemployment Sectoral Priorities and Development Issues. Human Resource Development and Emerging Issues: Population Growth, L abor Force Participation Rate and Employment Pattern, Unemployment and Underemployment, Forecasting Manpower Needs and Employment. Strategies to combat unemployment.Criteria to Measure Unemployment / Underemployment: Time Criterion, Productivity Criterion and New Index of Unemployment: Application to Pakistan and Empirical Evidences. Good Goverence, Social Action Plan and its Impact. Role of Institution in Development. Social Sectors development Vs. High Retun Sectors: Growth trade off. Topic 5:International Debt and Dependency Concepts of Foreign Aid and Debt. Borrowing Vs. Domestic Reserve Mobilization (failure). Size of Foreign Debt, Debt Saving and its Impacts. Strategies to combat with High Debt: Saving Policy, Foreign Trade Promotion, Cutting non-development Expenditures, Rescheduling and its Impacts.Debt Management in Pakistan and Its Impacts. Debt Modeling and Future Implications. Topic 6:Poverty and Income Distribution Pattern of Income Distribution: Rural and Urban. Defini tions and Approaches to Measure Poverty: Income Approach, Expenditure Approach, Basic Needs Approach, Poverty of Participatory Index (POPI). How to Combat Poverty; Growth Strategy, Basic Needs, Labor Intensive Investment: Education / Training etc. and Social Action Plan (SAP) , its Role and Critical Review, Evasion of Policies / Strategies to Combat Poverty and Improving Income Distribution: Critical Evaluation. Neglect of Human Resource Development. Child Labor. Factors Productivity Issues.Topic 7:Inflation, Foreign Trade Deficit and Emerging Issues Sources of Inflation in Pakistan. Policies to Combat Inflation and their Impacts. Trade Performance, Instability and its Impacts. Policies to Combat Deficit and Trade Instability. WTO and Its Impacts. Reforms and Further Needs. Expected Impacts of WTO and Challenges. Terms of Trade Issues, Market Access and Health Related Rates. Recommended Books: 1. Aslam M. , Perspective on Development Planning In Pakistan, Allied Book Centre, Lahore, 2001-2002. 2. Chaudhary M. Aslam and Ahmad Eatzaz: Globalization, WTO and Trade Liberalization in Pakistan, FerozSons, Lahore (2004). 3.Chaudhary M. Aslam, Human Resource Development and Management in Pakistan, Ferozsons, Lahore (1989). 4. Ishrat Hussain, Pakistan: The Economy at the Gross Roads – Past Policies and Present Imperatives, Oxford Univ. Press, Karachi, 1988. 5. Khan, Shahrukh R. , 50 Years of Pakistan’s Economy – Traditional Topics and Contemporary Concerns. Oxford Univ. Press, Karachi (2000). 6. Mahbool-ul-Haq Centre for Human Development (MHCHD), Poverty Profile of Pakistan, (1989) Oxford University Press. 7. ————– Human Development In South Asia, Annual Report. 8. Saeed, Khawaja Amjad, The Economy of Pakistan, Karachi: Oxford University Press, 2004. 9.Zaidi, Akbar, (1999), Issues in Pakistan Economy, Oxford Univ. , Press, Karachi. 10. World Development Reports, World Bank. (Note:Teacher(s) must assign latest res earch papers pertaining to each topic) M. A. Part II Paper 1. INTERNATIONAL TRADE THEORY AND FINANCE A)International Trade Theory Topic1. Importance and Bases of Trade Why Study International Economics? The Changing World and Interdependence: Basis of Trade, Gains from Trade. Absolute Advantage, Comparative Advantage, Overview of Comparative Advantage and Pattern of Trade. Offer Curves and Free Trade Equilibrium. Disagreements on Free Trade: Overview of Emergency of International Trade Issues.The Elasticity of Exports Demand and Balance of Payment. Substitution and Income Effects, Impacts of Rise in Exports Demand. Topic 2. Growth and Trade International Trade and Shift in Production Function, Immerizing Growth, Output Growth and Terms of Trade (T. O. T) / Deterioration: Uniform Growth at given T. O. T. The Transfer Problem: Marshall Plan and Transfers, Transfer of Resources: Neutral Case. Topic 3. Technology and Factor Endowment Ricardian Trade Model, World Production and Gains. Co mparative Cost and Trade Pattern. National and World Gains from Trade. International Wage differentials and Productivity. Technical Progress and International Gains.WTO and Gains from Technical Progress: Impacts on Prices. Equilibrium Production and Consumption: Non-traded and Tradeables, Costs, Marginal Physical Product and Production Possibilities. Production Possibilities with Diminishing Returns, Increasing Opportunity Cost. Free Trade and Income Distribution, Relative Demand, Supply and Pattern of Trade. Dutch Disease and its application. Topic 4. Factor Endowment and Heckscher – Ohlin Theory Output and Factors Rewards in 2*2 Model. Factor Intensity Comparison. Heckscher- Ohlin (H. O) Model, The Role of Demand, Factor’s Prices and Commodity Prices, Factor Price Equalization, and Factor Intensity Reversal.Newly Industrializing Countries (NIC’s) and Footloose Production Process. NIC’s and H. O Theorem. The Product Cycle, Critical Analysis of Traditiona l Trade Theories. Rypecksy Theorem and its critical review. Topic 5. Markets, Cartels and International Trade Monopoly and Import Competition, Export Opportunities. Product Differentiation and Monopolistic Competition. Dumping / Discrimination and WTO, Competitiveness and Market Share, Gains from Migration. WTO and Factor’s Movements and the Commodity Movement. Multinationals Firms and Foreign Direct Investment, Transfer of Capital, Technology, Skill and other Gains, Transfer of Resources and Transfer Problem. Topic 6. Tariff, Quota and Trade PoliciesTariff and Small Country: Effects of Tariff, Price and Demand for Imports, Welfare impacts. Impacts of Tariff on Government Revenue, T. O. T Production and Welfare. Impact of Tariff on Domestic and World Welfare. The Optimal Tariff. Tariff and Distribution of Income. Brief Introduction of Tariff and WTO Laws, Tariff and Second Best Choice, Subsidies and Quota, Voluntary Quota, Growth with Protection vs. Free Trade Gains and WTO. Managed Trade, Quantitative Restrictions, Voluntary Export Restrictions and Their Impacts. Trade Diversion and Preferential Arrangements. WTO: Injury, Anti-dumping Duties, Tariff and B. O. P Support. Success and Failure of WTO Agenda. B)International Monetary Economics and Finance Topic 7.Foreign Exchange Market and Exchange Rate Determination Foreign Exchange Rates (F. E. R): What it represents? Real, Nominal and Effective Rates. Determinants of Foreign Exchange Rate. Efficient F. E. R Market. Dynamic Theory of Interest and Exchange Rate. The Theory of Spot Exchange Rate Determination. Capital Flow and Speculations. Forward Exchange Market, Interest Arbitrage, Interest Parity Theory, Speculators, Hedgers and Traders, Forward Exchange Rate Policy. Topic 8. Purchasing Power Parity, Exchange Rates and Balance of Payments (B. O. P) Purchasing Power Parity (PPP): Non-Trade Goods, Balance of Payment Effect. Test of Exchange Rate Instability.Impacts of F. E. R. Rate Instability. B. O. P: Income Absorption Approach to B. O. P. Elasticities of Exports and Imports and Impact on B. O. P. The Marshall- Larner Conditions. Monetary Approach to B. O. P. Monetarist Critique to the Keynesian Closed Economy Model. B. O. P. Effects of Stabilization Policies. Empirical Tests of Monetary Approach to the B. O. P. WTO and B. O. P Support. Adjustment with Short-run capital Flow. Methods dealing with undesired Short-run Capital Flow. Topic 9. Open Economy: Monetary and Fiscal Policy Monetary and Fiscal Policies: Internal and External Balance. Monetary and Fiscal Policy with Fixed Exchange Rates.Problems of Small Country: Fixed Exchange Rate, Free Floating Exchange Rate, Managed Exchange Rate and Critical Review of The Fiscal – Monetary Mix Models. Fiscal Policy and Temporary Payment Imbalances. Monetary Policy and Permanent Payments Imbalances, A Random Walk Model of Payment Imbalances. Critical Review of the Modern Theory and Adjustment Mechanism. Topic 10. International Inst itution: Trade, Capital and B. O. P. Introduction of International Institutions, Role and Major Activities of IMF. IMF Credit Facilities. Loan Mechanism, Value of SDRs. The Optimum Quantity of Reserves, Optimum Interest Rate. Euro-Dollar, Dollar Exchange and Impacts. Role of IMF in B. O. P Support and Stabilization. Topic 11.International Movements of Factors and Welfare: Impacts / Issues Facts on International Capital Flow: ASEAN Crisis and Role of International Institution and Criticism. Motive for Capital Movement: Return and Risk Diversification. Why disagreement on International Movement of Labour? Welfare Impacts of Labour Movements. Factors of Production and Price Equalization Issues. Losses of National Sovereignty. Can Developing Countries Compete and Gain from Trade: Terms of Trade due to Demand Pattern and its Impacts. What Counts for wage Differential Between Primary Goods Producer and Value Added Goods Producer, Competitiveness Issue. WTO: GATT and Emergency of WTO. Why necessary to Join WTO?WTO: Expected Impacts on Trade, Liberalization and B. O. P; Special Status of Developing Countries and Net Food Importing Countries. Protections under WTO Rules. Are Free Trade Gains more than Restricted Trade? Gains for whom; how much and how long? Centre-Periphery Theory. WTO Rules: Sanitary, Phytosanitary, Dumping, Anti-Dumping etc Rules and Emerging New Issues and Their Impacts. Topic 12. Major Contemporary International Economic Issues: WTO: GATT and Emergency of WTO. Why necessary to Join WTO? WTO: Major Trade Rules and Their Expected Impacts on Trade, B. O. P Deficit. WTO and Fair Trade / Free Trade. Free Trade will it be?Issue of â€Å"Are Free Trade Gains more than Restricted Trade†? Emerging Regional Trading, Blocks, Special Preference and their Impacts. Issues relating to the Contributions of International Financial Institutions and Their Evaluations. Is there need to Reform International Institutions? Monetary Integration and Their Impacts. T erms of Trade Issue. International Debt Problem, Growth and Competitiveness. Issues of Developing Countries: Level of Development, Competitiveness and Trade Stability: World Income Distribution and Free Trade. Basic Readings: 1. Caves Richard, E. , and Jones Ronald W. , World Trade and Payments: An Introduction, Latest Editions.Little, Brown and Company, Boston, Toronto. 2. Chacholiades, Miltiades, International Trade Theory and Policy (Latest Edition). McGraw Hill Book Company, New York, London. 3. Donomick Sal Vatore B. , International Economics (Latest Edition), Prentice Hall. 4. Grubel Herbert C. , International Economics, (Latest Edition) Richard D. Irwin Inc. , Honewood, Illinois. 5. Peter Holinder & Thomas A. , Pugel. , International Economics. 9th Edition 1996. 6. Sodersten B. and Geoffry Read. , (1994). International Economics, MacMillan Press Ltd. 7. The Global Competitiveness, Report 1999, World Economic Forum, Oxford University Press, Oxford, New York. 8.World Bank. Worl d Development Report, 1986. Oxford University Press. Additional Readings: 1. Baldwin Robert L. and Richardson David J. , (1986). International Trade and Finance, Little Brown and Company, Boston, Toronto. 2. Moran Theodore H. , (1985). Multinational Corporations: The Political Economy of Foreign Direct Investment. Lexington Books. Toronto, Massachusetts. 3. Krugman and Obstfeld, International Economics: Theory and Policy, Addison Willey (1998). Paper 2. ECONOMETRICS: THEORY AND APPLICATIONS Topic 1:Introduction Definition and scope of econometrics, Econometric models vs. Statistical models Ingredients of econometric modelingSpecification, estimation, verification or evaluation and forecasting. Topic 2:The Classical Linear Regression Model (a)The Simple Linear Regression Model (SLRM) Estimation of SLRM by Ordinary Least Squares (OLS) Interpretation of Estimated Coefficients and their Economic Meanings. (b)The Multiple Linear Regression Model (MLRM) Estimation of MLR model by OLS and its assumptions Interpretation of estimated coefficients and their economic meanings, Computation of elasticities and standardized coefficients Using R2 as a measure of ‘Goodness of Fit’ and some roblems with its use. (c)The General Linear Regression Model (GLRM)Estimation of GLRM by OLS through Matrix Approach Var-Cov matrix of estimated coefficients. (d)Evaluating an Estimated Linear Regression Model Testing the significance of individual coefficients. Testing the significance of the model as a whole. Topic : 3 Multicollinearety What is Multicollinearety? Distinction between perfect Multicollinearety and less than perfect Multicollinearety (Multicollinearety problem). Consequences of Multicollinearety problem, methods for detection of Multicollinearety problem. Remedial measures for Multicollinearety problem. Topic: 4 Heteroskedasticity What is Heteroskedasticity and what are its causes?Consequences of Heteroskedasticity for OLS estimation. Methods for detection of He teroskedasticity. Remedial measures for Heteroskedasticity. Topic: 5 Autocorrelation What is Autocorrelation and its Causes? Consequences of Autocorrelation for OLS estimation. Methods for detection of Autocorrelation. Remedial measures for Autocorrelation. Topic 6:Forecasting with a Single Equation Regression Model What is forecasting and what are its various types? Important features of a good forecast. Variance of unconditional forecast error. Variance of conditional forecast error. Measures for evaluating the forecasting power of a model.Topic 7: Errors in Variables, Time as a Variable, Dummy Variables, Grouped Data, Lagged and Distributed-Lag Variables Errors in variables. Time as a variable. Dummy variables. Estimation from grouped data. Exogenous lagged variables. Endogenous lagged variables. Methods of estimation of lagged models. Topic 8: Identification The problems of identification. Implications of the identification state of a model. Formal rules for identification. Iden tifying restrictions. Tests for identifying restrictions. Identification and Multicollinearity. Topic 9:Simultaneous Equations Models Why Simultaneous Equation Models? Various Types of simultaneous equation Models. The identification problem.Checking the identification state of a model or of a particular equation in the model by Order Condition, bogus equation and reduced from approaches. Identification and methods of estimation. Topic 10:Consistent Estimation of Parameters of Simultaneous Equations Models Indirect Least Square Estimation. Two-stage Least Squares Estimation. Instrumental variables method of estimation. Topic 11:Varying Coefficient Models: Causes of Coefficient Variation. Randomly Varying Coefficient Models. Systematically Varying Coefficient Models. Topic 12:Time Series Econometrics ARIMA Models. Comparison of forecasts based on ARIMA and Regression Models. Unit Roots and Co-integration.Dummy Trap and its detection. Suggested Books: 1. Gujrati, D. Basic Econometrics , 3rd Edition, † McGraw Hill, 1993 2. IntrilligatorEconometric Model, Techniques and Applications, N. J. Printice Hall, 1978 . 3. Johnston, J. Econometric Models, McGraw Hill, 1984 4. Koutsoyiannis, A. Theory of Econometrics, McMillan, 1978 5. Maddala, J. S. Econometrics, McGraw Hill, New York, 1978 6. Wonnacot, R. J. Econometrics, John Wiley, New York & Wonnacot, E. 7. Madnani, G. M. KIntroduction to Econometrics Principles and Applications, (Latest Edition) 8.Pindyck &Econometric Models & Economic Forecasts, 3rd RubenfeldEdition, McGraw Hill Inc. 1992. 9. Maddala, J. & Kim Unit Roots, Co-integration and Structural Change, Cambridge University Press, 1998. 10. Griffiths, Judge, The Theory and Practice of Econometrics, John Willey and Sons, Latest edition. Research Articles: 1. Abadir (2002) Notation in Econometrics: a proposal for a standard. Econometric Journal, Vol. 5, issue 1, pages 76-96. 2. Abadir and Jan R. Magnum (1993) OLS Bias in a Nonstationary Autogregression, Eco nometric Theory, Vol. 9, issue 1, pages 81-93. 3. Don Andrews (2003). A Bias-Reduced Log-Periodogram Regression Estimator for the Long Run, Memory Parameter, Econometrica, 71, (2), 675-712. 4.Gunnar, Bardsen, (1999), Economic theory and econometric dynamics in modeling wages and prices in the United Kingdom, Empirical Economics, 24, (3), 483-507. 5. Joshua, Angrist, (2001), Estimation of Limited Dependent Variable Models with Dummy Endogenous Regressors: Simple strategies for Empirical practice. Journal of Business and Economic Statistics, 19, (1), 2-16. 6. Luc, Bauwens, (1994), Estimating End Use Demand: A Bayesian Approach. Journal of Business and Economic Statistics, 12, (2), 221-31. 7. Manuel, Arellano, (1992), Female Labour Supply and On-the –Job Search: An Empirical Model Estimated Using Complementary Data Sets. Review of Economic Studies, 59, (3), 537-59. 8.Stephen, Roy, Bonal, (1991), Some Tests of specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equation. Review of Economic Studies, 58 (2), 277-97. Paper 3. DEVELOPMENT ECONOMICS: THEORY AND POLICY Note: Students are expected to study latest editions of the recommended books. At least two research papers pertaining to each topic must be comprehended. Each topic must be prepared and analyzed critically. Any aspect of the topics may be asked in the examination. The course content provides a guideline. Students must prepare critical review of topics. Part: A Theoretical Foundations and Sector Specific Issues: Topic: 1 Scope and New DevelopmentsDefinitions: Economic Development and Growth, Identification of Development variables. Scope and Significance of Development Economics. Characteristics of LDC’s. Measurement of Economic Development and Growth. Per Capita Income approach, Quality of Life Index / HDI etc. Historical overview of world development and emerging major issues pertaining to Less Developed Countries (LDC’s). Why the whole world is not d eveloped? Topic: 2 Major Theories of Development – Classical and Neo-classical Theories, Adam Smith and Competitive Capitalism, Vicious Circle of Poverty, Stages of Economic Growth, Balanced and Unbalanced Growth, Big Push Theory. Dependency Theory, Structuralist’s View Point.Endogenous Growth Theory: New growth Theory. Income Convergence/ Divergence, New Growth Theory. Market Friendly Approach. Topic: 3 Agriculture and Industry Agriculture vs. Industry: Development Debate. Lewis’ Model of surplus Labor. Rains’ Fei Model and its critical review. Transforming Agriculture, Underemployment problem. Role of Agriculture: Market for Industrial Output, Provision of Input, food, Complementarity, productivity growth. Terms of Trade Issue and Subsidies, etc. and Competitiveness. Land Holdings, Green Revolution and it’s Performance. Need for Industrialization. Industrialization and its financing mechanism. Problem of Sectoral Dualism. Why Green Revolution?The Spread of Green Revolution in Pakistan and its Status / Contributions. Topic: 4 Population, Education and Human Capital Demographic Transition, Human Resources as a source of growth and their contributions. Investment in education and returns. Models of Employment & Unemployment: Time Criterion, Productivity Criterion and New Index etc. , and Employment generation Strategies/Techniques. Part B: International Development Issues and Debates Topic: 5 International Debt, Aid / Assistance Why international borrowing? Two Gap Model, Aid commitments and disbursement. Sources of borrowing. Debt Cycle Theory/Stages. Debt Burden: Debt Servicing, Debt laffer Curve, Debt buy back etc. Latin American Debt Crises, ASEAN Crises, Debt Problem of LDC’s and South Asia, Debt Overhang and threat to growth. Policies to combat debt problem: Forecasting debt and solution for debt burden, saving mobilization/Domestic resource mobilization, Debt rescheduling etc. Debt Modeling and Forecasting Future Implication. Topic: 6 WTO, Liberalization and International Trade Trade vs. Aid. Liberalization of Trade and its impacts/gains etc. , Foreign Exchange Constraints and Balance of Payment deficit. Role of GATT and its Failure. WTO and LDC’s. Trade Instability, Distribution of gains from Trade liberalization. Regional Trade Associations (RTA’s): their role and contributions. Basis for trade and benefits: Gains from Trade: Static and Dynamic Gains.Comparative Advantage, Revealed Comparative Advantage and Competitiveness. Trade as an engine of growth. Product Cycle. Determinants of exports growth. Transfer of Technology: Sources & Need. Technology Centered Development and Appropriate technology issue. Topic: 7 Transnational Corporations (TNC’S), FDI and Development Transnational Corporations (TNC’s): Objectives, Role and Contributions, Long term cost of TNC’s. Transfer of Technology: Ways and Means. Global integrated production system: TNC’s and Globalization, Foreign Direct Investment (FDI) and Its Determinants/Role. Foreign Direct Investment (FDI) and TNC’s. Flow of FDI and its contributions.Topic: 8 Poverty and Income Distribution Definitions and Measurement of Poverty/Poverty Line. Poverty concepts/definitions. Absolute Poverty, Relative Poverty, Income approach, Expenditure approach, Basic needs approach, Poverty of Opportunities Index (POPI) and Calorie-based approach etc. Poverty Indicators. Poverty by socio-economic groups. Sources, impacts and policies to combat poverty. Strategies and tools to combat poverty. Growth and Income Inequality in the world. Empirical evidences on poverty. Redistribution with growth. How to combat income inequality. Basic Needs, Social Action Programs and Poverty alleviation. Topic: 9 Environment and DevelopmentModel of Environment and Economic Activity. Market Based Approach and Externalities. Deforestation and Renewable Resources, Measuring environment values. Deforestation and Macroeconomic Environment. Industrialization and its environmental cost, Use of Pesticides and Environmental Impacts. Natural resources degradation. Cost of Pollutions/Environmental degradation. International awareness about environment, production and need for Reforms. Economic thoughts and Environment. International Agencies: Environmental concerns and programs. Urbanization and environmental issues. Sustained development, Ecology and economic progress. Topic: 10 Growth ModelsHarrod-Domer Model, Technical Change and growth Model, Kaldor’s Model of Distribution, Joan Robinson’s Model of capital accumulation, Model of Steady State Growth. Saving-Investment and Golden Rules. Recommended Books: 1. Balasubramanyam V. and Lall, S. (1992, eds), Current Issues in Development Economics. McMillan , London. 2. Chaudhary M. Aslam and Hamid, A. , (1999). Human Resource Development and Management in Pakistan. Ferozsons, Lahore. 3. Chenery H. B. and Srinivasen. Hand Book of Develo pment Economics,* vol. I & II, Amsterdam (1988, eds. ). North Holland. 4. Cypher J. M. and Dietz James L. , (2004), The Process of Economic Development, Routledge.Tayl or Francis Group, London/New York. 5. Ghatak Subarta, (2003), Introduction to Development Economics, Routledge, Taylor and Francis Group, London/New York. 6. Herrick B. and Kindleberger C. , (latest eds. ). Economic Development. McMillan, New York. 7. Hirshman A. O. , (1960). Strategy of Economic Development, Yale University, Press. 8. Jones H. G. , An Introduction to Modern Theories of Economic Growth, (Latest Edition), McGraw Hills. 9. Mahboob-ul-Haq Center for Human Development (MHCHD). Human Development in South Asia, Annual Reports, Islamabad. 10. ————- (1999), A Profile of Poverty In Pakistan, (In Collaboration with UNDP). 11. Meier Gerald M. Leading Issues in Economic Development, (Latest Issue), Oxford University Press. 12. Thirlwall, A. P. , (2003), Growth and Development, With Spe cial Reference to Developing Economies 7th edition, Palgrave Publisher. 13. Todaro M. P. , Economic Development in the third World. Latest Edition, Heinemann, London. 14. UNDP, Human Development Reports , Annual Reports. 15. Van Den Berg H. , (2001), Economic Growth and Development,* McGraw Hills. 16. William, Easterly, Growth without Development, A Case Study of Pakistan, World Bank. 17. World Bank, World Development Reports, Annual reports, 1986, 1987, 1990, 1991, 1992, 1994, 1995, 1998/99, 2000/2001 and 2004. 18. Yotopolous Pan A. and Nugent Jeffery B. Economics of Development, Empirical Investigation (Latest Issue). Harper and Row Publishers, London/New York. Paper 4: RESEARCH METHODOLOGY Importance of Research Methodologies. Research techniques in social sciences and their limitations. Theory and basis of research. Empirical and theoretical research. Stages of research process. Identification of problem/issue, data, theory and estimation and related problems. Thinking, Field Re search Designs; the process of field research, Exploratory Research, Casual Inference. Methods of communication in survey. Vision survey and communication techniques. Art of asking questions and getting quality information.Preparation of Research Proposal Questionnaire, Sample Design; the Nature of Sampling, Measurement and Scaling; Measurement, Measurement Scales, the Characteristics of Sound Measurement, the Development of Measurement Tools, Scaling, the Nature of Scaling, Response Methods, Scale Construction. Data Collection Methods, Survey Instruments and Field Procedures; Survey Instrument Designs, the Survey Situations, the Instrument Development Process, Questionnaire Development, Field Procedures, Personal Interviewing, Telephone Interviewing, Interviewing by mail, observations. Data collection, Observation, Experimentation and Simulations; Experimentation and Simulation.Choice of Research Technique, Experimental Research Design, Simulation, Observation, Observation Designs. Use of Secondary Data; the Nature of Secondary Data Sources, the Use of Secondary Data, Types of Secondary Data Sources, Statistical Sources, Data Research Procedures, Evaluating Secondary Data. Vision Survey: Interpretation of Replies. Data Presentation and Analysis: Elements of Analysis, Data Preparation, Special Data Problem, Tabulation, Data Presentation, and Data Analysis. Report Writing; the Questions and analysis of Research Proposal. Organization of Research Paper. How to format and Write country Research Report. Executive summary and abstract of a report.Conclusion and its basis. Evaluation of Research Work. The Research Report, Research Report Format, Writing and editing of research Report. Recommended Books: 1. Birchenhall C. and Grout P. , (latest edition), Mathematics for Modern Economics, Herifaq Publishers, New Delhi. 2. Holt, Rinehart and Winston, Holt-Sounders Japan Ltd. Tokyo (Latest edition). 3. Johnson, Glenew Research Methodology for Economists: Philosophy and Practice, McMillan Publishing Co. (Latest edition). 4. Kidder Louise H. , Research Methods in Social Relations. 5. Lambert, P. , (1985) Advanced Mathematics for Economists. Static and Dynamic Optimization, Basil Black Well. 6. Neuman W.Lawrence, (1997) Social Research Methods, Qualitative and Quantitative Approaches, Allyn and Bacon; Boston. 7. Sckaran Business Research Methods 8. Uma, Sekarn, (1992), Research Methods for Business. A Skill Building Approach, John Willey & Sons, Inc. 9. Young Pauline V. , (latest edition), Scientific Social Survey and Research, Prentice Hall Inc. 10. Zikmund William, G. , (1994), Business Research Methods, The drydem Press. OPTIONAL PAPERS Paper 5. 1: ADVANCED MATHEMATICAL ECONOMICS Topic 1:Complex Number and Circular Functions Imaginary and Complex Numbers. Complex Roots. Circular Functions. Properties of Sine & Cosine functions. Eular Relations.Alternative Representation of Complex Numbers. Topic 2:Integral Calculus Dynamics and Integration. The Na ture of Indefinite Integrals, Basic Rules of Integrations & Rules of Operation. The Substitution Rule and the Rule of Integration by Parts. Definite Integrals. Major Properties of Definite Integral. A Definite Integral as an Area Under a Curve. Improper Integrals. Economic Applications of Integrals – Finding Total Functions from Marginal Functions, Investment & Capital Formation, Present Value of Cash Flow. Present Value of a Perpetual Flow, Domar Growth Model. Topic 3:Differential Equations: Continuous Time: First Order Linear Differential EquationsMeaning and Definition; Homogenous & non-Homogenous Cases. Solution of First Order Linear Differential Equation with Constant Coefficient & Constant Term and its Verification. Economic Application: Dynamics of Market Price. Solution and its Verification of First Order Differential Equation with Variable Coefficient and Variable Term. Exact Differential Equation, its Solution and Verification. Non-linear Differential Equations of t he First Order and First Degree. Bernoulli Equation, Separable Variables. The Qualitative Graphic Approach. Concept of Phase Diagram, types of Time Paths and their Dynamic Stability. Economic Application: Solow Growth Model.Topic: 4 Differential Equations: Higher Order Differential Equations Solution and Verification of Second order Linear Differential Equations with Constant Coefficient and Constant term-Distinct Real Roots, Repeated Real Roots and Complex Root Cases. Dynamic Stability of Equilibrium. Economic Applications. A Market Model with Price Expectations. The Interaction of Inflation and Unemployment. Solution of Higher order Differential Equations with Constant Coefficient and Constant Term. Convergence and the Routh Theorem. Topic 5:Difference Equations; Discrete Time: First Order Difference Equations Solution and its Verification of First Order Difference Equations. The Dynamic Stability of Equilibrium.Economic Applications – The Cobweb Model, A Market Model with Inventory. Nonlinear Difference Equations – The Qualitative-Graphic Approach. Phase Diagrams Types of Time Path. A Market with a Price Ceiling. Topic: 6 Higher Order Difference Equations Solution and Verification of Second-Order Linear Difference Equations with Constant Coefficients and Constant Term-Distinct Real Roots, Repeated Real Roots and Complex Roots cases. The Convergence of the Time Path. Economic Applications, Samuelson Multiplier-Acceleration Interaction Model. Inflation and Unemployment in Discrete Time. Higher Order Linear Difference Equations and their Solutions. Convergence and Schur Theorem Again.The Solution of Simultaneous Differential Equations. Topic 7:Non-Linear Programming The Nature of Non Linear Programming Non-Linearities in Economics. Kuhn Tucker Condition. Interpretation of Kuhn Tucker Condition. Kuhn Tucker Sufficiency Theorem: Concave Programming. Arrow Enthoven Sufficiency Theorem: Quasiconcave Programming. Economic Application-Utility Maximizat ion, Least Cost Combination. Solving a Nonlinear Program via the Kuhn-Tucker Conditions. Recommended Books: 1. Chiang A. C. Fundamental Methods of Mathematical Economics McGraw Hill (3rd Edition) 1984. 2. Dowling Edward T. Mathematics for Economics Schaum Series, 1981. 3. Glass Colin J.An introduction to Mathematical Methods in Economics McGraw Hill. 4. Haung David, S. , Introduction to the set of Mathematics in Economic Analysis Graphical Approach, Simplex Method, Economic Application of linear Programming N-Y John Wiley and Sons, latest edition. 5. Hoy M. , Livermois J, Rees R, Stengos T. , Mathematic for Economics, 1996. Addison0Wesley Publishers limited. 6. Weber E. Jean, Mathematical Analysis, Business and Economic Application (latest edition), Harper and Row Publishers, New York. 7. Yamene, Taro, Mathematics for Economists, Prentice Hall, latest edition. Additional Readings: 1. Allen R. G. D. , Mathematical Economics, London, Macmillan English Language Book Society. 2.Edey & P eacock, National Income and Social Accounting London, Hutxchinson University Library, 3rd Edition. Paper 5. 2: APPLIED ECONOMICS AND COMPUTER APPLICATION Topic 1:Introduction to Windows 2000 and Ms-Word Operating System, Performance Management, Desktop Management, Printer Management, Internet Explorer, E-mail. MS-Word, using Advanced Formatting Features, Sharing data with Word, Word Macros, Composing Models and Mathematical Equations. Topic 2:PowerPoint and MS-Access (XP) Database Concepts, File Linkages, Data Retrieval, Data Editing / Updating. Data Transferring. Topic 3:SPSS and E-View Menu, Tool Bars, File Linkages, Dialog Boxes. Data Analysis, Analysis of Variance.Simple and Multiple Regression Analysis, Formatting Reports, Creation and Modification of Chart, Line Area and Pie Chart. Output Navigator Printing, Data Editor Printing, Command Syntax Printing. Use of E-view for Model Estimation. Topic 4:Estimation of Production Function Use of Computer, SPSS, E-View to Estimate Prod uction Functions. Cob-Douglas Production Function, Constant Elasticity Production Function etc. Topic 5:Computer Applications: Demand – Supply & Equilibrium Estimation of Demand and Supply using E