Microeconomics and the Laws of Supply and Demand Simulation Essay Example for Free

Microeconomics and the Laws of Supply and Demand Simulation Essay Based on Webpedia (2014), microeconomics is the interaction and behavior of individual components within an economic system. About the flip side, yet, he claims that macroeconomics examines the market as an aggregate. While microeconomics has a slim viewpoint of the market, macroeconomics examines the market from a wide standpoint. In the University of Phoenix simulation (n.d), for instance, Atlantis metropolis is a little and pleasant town with sufficient infrastructure, rendering it acceptable to custom. This is often considered as the macroeconomic view of the town because the investigation covers a wide spectrum. The simulation more signifies that there exists a low-traffic and hardly any pollution and low-crime rate. This confirms a more narrow outlook of the metropolis, looking at individual elements of the city which makes it conducive living environment. Acceptable infrastructure can be a generalized notion making it a macroeconomic view of the town. The reference of the parks and home narrows down the area into two sublets of infrastructure, in other words, home and recreational services. A change to the right of the supply curve would suggest that theres been a subsequent rise in the offer of 2-bedroom flats. This was due to a growth in demand impacted by the truth that a brand new firm, Lintech, moved to the town, and there was consequently a population increase along with a subsequent boost in demand of 2-bedroom flats. The entry of new residents had an in earnings, which produced them favor detached houses. Goodlife went farther and converted 400 flats from their 3200 into condos. Equilibrium is the level where the demand and provide curve fulfill in the center. The equilibrium value was initially at $1050 , along with the amount provided was 2000 flat units. A change to the proper in the demand curve, occasioned by means of a growth in populace from Lintech, raises the cost of the models supply staying persistent. When it c omes to decision making, itll be wise for the provider to raise the supply. Yet, change in the tastes of the customers occasioned by means of a rise in income amounts meant demand would fall. A  reduction in need of the 2-bedroom flats on account of modify in tastes lead into a drop in supply, and thus, the demand and also the offer curves would switch to the left. The shift in provide were more compared to the shift in-demand, for instance, it might imply that there will be a deficit in the equilibrium rental fee significance that supply is going to be lower than whats needed. Meaning, the business will need to offer fewer flat units compared to the potential client is prepared to invest to them. The rental rate would need to increase therefore the amount needed reduces until there exists a decrease in deficit. This technique goes on until a brand new equilibrium point is achieved. These forces are at the mercy of different variables to the side of both consumer and provider. For instance, a growth in demand will likely be at the mercy of not only cost, but additionally taste and tastes, the income degree of the customer marketplace and also the size of the marketplace. Growth of supply can be impacted by several other variables for example cost of associated items, dimension of populace and others. In the telephone sector, for instance, the desire is principally geared by pricing, but other variables should be placed into play. Why really would one consider purchasing an iPhone when its deemed really pricey? It really is just since the Apple telephone organization has arch out a market in supplying outstanding quality telephones which are user-friendly. Hence it is imperative to think about the marketplace tendencies to ensure ones merchandises are almost always useful. Microeconomics, as mentioned before, deals and intermingles together with the individual models of the market. In the real-estate business, microeconomics will take a look in the many liv ing conditions of distinct portions of the town and ascertain who dwells there. Microeconomics might assess the person facets which could change an industry, for instance, growth in income, populace designs and client preferences in real-estate. An rich place may have fewer lodging components directly proportionate to the few who make high wages, and not as wealthy places could have more folks because of the exceptionally affordable housing components. Equilibrium in essence will be a culmination of cost and amount ascertained in the micro-level. Price elasticity of demand stems from customer’s responsiveness or sensitivity to changes in price (Colander, n.d, ). In the simulation, a rise in cost caused a reduction in the need of flats. The simulation  advocated the purchase price ought to be optimized to attain maximum gains, while in exactly the same time making sure the pricing would be advantageous to the client. That is the stage of equilibrium. Costs above this level would result in excess and costs beneath would cause a deficit. The simulation continues to be powerful in establishing the potency of the powers of demand and supply. In the simulation, a rise in cost caused a reduction in the need of flats. The simulation advocated the purchase price ought to be optimized to attain maximum gains, while in exactly the same time making sure the pricing would be advantageous to the client. That is the stage of equilibrium. Costs above this level would result in excess and costs beneath would cause a deficit. The simulation continues to be powerful in establishing the potency of the powers of demand and supply. References Colander, D. C. (n.d). Microeconomics ninth edition (9th ed.). Retrieved from The University of Phoenix eBook Collection database PRICE ELASTICITY OF DEMAND. (2014). In Webpedia. Retrieved from http://www.amosweb.com/cgi-bin/awb_nav.pl?s=wpdc=dspk=price+elasticity+of+demand University of Phoenix. (n.d). Applying Supply and Demand Concepts [Multimedia]. Retrieved from University of Phoenix, ECO365 website.

Marijuana for Medical Use Essay examples -- Papers Weed Cannabis Medic

Marijuana for Medical Use For many years the United States government has prohibited some drugs, such as marijuana, from being sold in the marketplace. Yet, even with prohibition, marijuana use has only decreased minimally. Because of its illegality, only the bad aspects of marijuana use have been made known. However, there are many positive aspects of marijuana legalization, including its application concerning medical cures. As of today, in most of the states, marijuana is classified as an illegal drug. However, due to its proven medicinal purposes, the drug should be made available for sick people to use. Marijuana has been used for multiple purposes prior to the birth of Christ. Marijuana originated in the Middle East. China played an important part in marijuana's history. ?Hoatho, the first Chinese physician, used cannabis for medical purposes as a painkiller and as an anesthetic for surgery? stated Morgan (5). China was not the only country that used marijuana as a medicine. For example, in Thailand it was used to stimulate the appetite of people who were ill. ?It would make them sleep, and counteract diarrhea,? states Thompson (10). Clearly, we can see that the use of marijuana began as a medicine, and with more research we can find better uses of marijuana as for medicinal purposes. Marijuana is very helpful in easing the suffering of the sick but it also creates side effects. The scientific eviden ce published to date indicates that marijuana has a broad range of psychological and biological effects, some of which are harmful to human health. Marijuana has different effects on the nervous system and on behavior. Marijuana impairs motor coordination and affects tracking ability and sensory and perceptual functio... ...work. It is easier to administer and the results are often much faster. It would be a tremendous advantage if patients were allowed to smoke marijuana. Marijuana should not be an illicit drug; it should be legalized for medical purposes only. Bibliography: Berger, Philip A. ?Marijuana.? Microsoft Encarta 98 Encyclopedia. CD-ROM. Microsoft Corporation. 1997. Morgan, John P. and Zimmer, Lynn. Marijuana Myths, Marijuana Facts. Sarasota: Book World Services, Inc. 1997. The Science of Medical Marijuana. 21 May 1999. . Thompson, Stephen P., ed. The War on Drugs: Opposing Viewpoints. San Diego: Greenhaven Press, Inc., 1998. Webster, Maddy. ?Legalizing Pot: What You Can Do.? High Times. Jan 1999: 30. Weed Wars: Facts and Stats. CNNInteractive. 1997. You Dealing with Chemotherapy. National Cancer Institute, Institute of Health. 28 Jan. 1999. .

Functional Skills

Functional Skills Functional skills are qualifications in English, maths and ICT that  equip learners with the basic practical skills required in everyday life, education and the workplace. To ensure that Functional skills are assessable to all learners they are available at Entry Level 1 through to Level 2. Employers are crying out for workers with sound Functional Skills – they are essential skills that are genuinely in demand. With good Functional Skills your students will have the ability to draw on a bank of transferable skills to help them succeed in all areas of life.Functional skills where introduced due to the Wolf Report to replace the old key skills as a result of a gap in skills whichThe Secretary of State for Education commissioned Professor Alison Wolf of King’s College London to carry out an independent review of vocational education. She was asked to consider how vocational education for 14- to 19-year-olds can be improved  in order to  promote suc cessful progression into the labour market and into higher level education and training routes.She was also asked to provide practical recommendations to help inform future policy direction, taking into account current financial constraints. The review has been informed by over 400 pieces of evidence from the public, a number of visits to colleges, academies and training providers, and interviews and discussion sessions with key partners in the sector. Alison Wolf comments in FAQ’s in edexel. com that , â€Å"Functional Skills pass rates are lower than Key Skills pass rates.This is still true post-pilot, and on one level may be due to this being a new qualification. However, rather than having negative connotations, this proves that standards are higher and a more legitimate marker of quality (cross-reference Key Skills where the pass rate is almost 100%). Functional Skills are challenging, worthwhile qualifications, denoting a marker of student excellence FAQs – Func tional Skills and the Wolf Report – Edexcelwww. edexcel. comFunctional skills ran as a three year pilot scheme from Sept 2007 and was officially rolled out nationally in Sept 2010 We use basic skills on a daily basis – while driving a car, cooking, making purchases, supporting our children in schoolwork. These daily tasks may present challenges for adult literacy learners, because they incorporate skills from a variety of academic areas – when driving you must read street signs very quickly; when cooking you use measuring tools or calculate with fractions.Yet some learners may state, â€Å"I don’t read much,† or â€Å"I never use math. † Teachers can help learners make connections between what they are learning in class and every-day functional skills by the contextualization of instruction. The 3 functional skills are MATHS Functional maths is what we use every day e. g counting money, calculating shopping bills basic money management addin g these childrens dinner money ? 2. 00 per day x 5 Days a week = ? 10, measuring area etc for carpets , wallpaper, cooking we weigh and measure ingredients.ICT Functional ict is everyday uses including online banking , paying household bills , renewing car insurance , online shopping and searching for best deals , reading e mails, texting friends ENGLISH Functional English is everyday tasks such as writing a shopping list , reading the mail reading the newspaper, reading the road signs when driving, checking shopping purchases on receipts, using e mail reading and replying. holding an everyday conversation requires speaking and listening skills. The delivery of Functional Skills should be embedded into all curriculum areas by using contextualized teaching materials, In my area of Art I can incorporate and plan functional skills in sessions by †¢ Maths , in art learners regularly use ratio to mix art materials , e. g paint and water 2-1, mixing plaster of paris 3-1 measuring dim ensions for drawing patterns e. g dividing a canvas in half or into four requires an overall measurement and then divided by 2 for half or 4 for quarters and so on. English, in art learners have to read to understand e. g study of an artist , YP read a biography of the artist and pick out relevant key points and write them down, so using sentence formation , punctuation . listening is a skill , to follow instructions in art either verbally or from a list which is used in making a clay pot , or plaster mould. †¢ ICT in art , learners use ict to find images , so using a google search , also knowing their way around a website to find relevant images or information.Usually images are printed and formatted to their specifications for tasks , so printing knowledge is used also saving work to relevant files are all everyday ict skills we use in day to day life and work How functional skills are implemented and supported in my organisation We are a small education setting with up to 30 YP at any time so I think we have a thorough pathway for YP Learners are assessed when they arrive at Aycliffe before entering education by the online goal assessment which gives a clear score on maths and English ability they are broken down into separate curriculum areas e. spelling , punctuation , number sequencing, adding , subtracting so can clearly give a good assessment for extra support regarding functional skills across the curriculum The senco then highlights areas for concern and distributes Strategy sheets to teaching staff and relevant support staff these give an indication of hints and tips useful in teaching a particular identified need in a student.Provision mapping and planning sheets are used to track continual level of need and progress, In Aycliffe secure centre we also use for identified pupils a computer programme called Successmaker which is has numeracy and literacy programmes aimed at all levels this is an excellent tool to boost the attainment in functiona l skills as learners are supervised on a 1-1 basis by teaching and support staff, and Successmaker shows a clear improvement and highlights areas for extra need.In our establishment the most level of need is in reading and we use SRA reading scheme which has 4 levels and the learners are assessed and placed in appropriate groups , we also have journal reading groups which are for competent readers which concentrate on reading own material and reviewing and understanding text. We also run an individualised Life Skills Programme , through assessment YP work through a life skills programme which offers a cross curricular array of Functional / Life skills from making a bed , budgeting and shopping for a healthy meal, booking a train ticket to accessing further education in their communities.

Animal Testing Should Be Illegal - 827 Words

Animal Testing Should Be Illegal Animal testing, also known as animal experimentation, is the use of animals in experiments to test product safety. I believe it is a big problem in our society. Every year at least 2.7 million animals are killed in laboratories in Australia alone and at least thirty-three animals die each second worldwide, due to cruel animal tests. Many companies feel it is okay to test on animals because they are deemed not as physiologically or emotionally complex as humans, but as animal rights supporter, Jeremy Bentham has said, â€Å"The question is not, ‘Can they reason?’ nor, ‘Can they talk?’ but rather, ‘Can they suffer?’ and most of the time the animals do suffer. So, what do scientists test on animals? The main†¦show more content†¦Some companies avoid testing altogether by using non-toxic natural ingredients or those that have already been safety-approved by the Cosmetics, Toiletry and Fragrance Association. As Gordon Baxter, co-founder of Pharmagene Laboratories, which uses only computers and human tissues to create and test drugs once said, â€Å"If you have information on human genes, what’s the point of going back to animals?† So now let me ask you a question. If we have this reliable technology which is not only humane, but also less expensive than using live animals, why isn’t animal testing illegal? Let’s stop working with these old methodologies and embrace these newer techniques. Everything we ever tested on animals can now be tested using everything from vegetables to computers. You’ve all seen the gruesome videos and the sickening pictures; we have the replacement, so let’s get rid of animal testing. Next time you need some more shampoo, household cleaning products, want some new make-up or just simply want a chocolate bar, do the animals a favor and check to see whether the manufacturer tests on animals. If so, ask yourselves, â€Å"is it so hard to choose another brand?† and help those whose cries are forever sealed behind laboratory doors. TheShow MoreRelatedAnimal Testing Should Be Illegal1189 Words   |  5 Pagesmillion animals worldwide are used in laboratory experiments each year† (About Animal Testing). Animal testing has been used since the BC years, and it is used to understand and compare how things might affect the human body. In 1937, a pharmaceutical company released a drug that was poisonous to humans unknowingly. It ended up poisoning many people, and resulted in several deaths. After this incident, experiments on animals became more important in the medical world (Hajar, Rachel). Animal testingRead MoreShould Animal Testing Be Illegal?955 Words   |  4 PagesAnimal testing is widely used today for a variety of different reasons ranging from testing new medical treatments for serious diseases to testing new cosmetics. Due to the widespread nature of animal testing, there are those who argue that animal testing is morally wrong and that it causes unnecessary suffering in animals. However, the re are some that believe animal testing’s ability to reduce human suffering makes it morally right, good, and useful. Throughout this paper, I will argue that testingRead MoreShould Animal Testing Be Illegal?2083 Words   |  9 PagesOne Fur Ball at a Time Through the years, animal experimentation has played a key role in leading to breathtaking discoveries in medicine, products, and cosmetics. However, what many people tend to forget are the numbers of animal subjects that have suffered serious harm during the process of experimentation. Each day across the United States innocent animals are used as test subjects for products that have little to no relevance importance. Animal testing has had many negative issues that accompanyRead MoreHave You Ever Seen A Cruelty Free Symbol In The Shape Of1430 Words   |  6 Pagescontents were made without it being tested on an animal first. But what if the symbol wasn’t on the bottle? Have you ever thought of what would happen to that bunny you would usually see in a pet store? To answer this question, commonly, animals put through experimentation are put through force feeding, food deprivation, and inflictions of wounds. That bunny probably is not okay right now. Cosmetic companies all o ver the world endanger the lives of animals to test toxicity and irritation of products.Read MoreAnimal Testing Proposal Essay1549 Words   |  7 PagesMillions of animals are being unneedlessly tested on for cosmetics, even though there are plenty of alternatives available and most of the results are unreliable or not applicable to humans. Although the fight against animal testing has made huge progress recently, America has yet to stop this cruel practice and chooses to torture animals while other countries are making a stop to the testing (â€Å"Animal Testing 101†). Right now, millions of mice, rats, rabbits, primates, cats, dogs, and other animals are lockedRead MorePersuasive Essay On Animal Testing1080 Words   |  5 Pageshappens to the thousands of animals that aren’t in the rescue centers? Do you ever wonder what happens to those animals bought and never to be seen again? Two words, Animal Testing. This awful way of testing hundreds of companies products on these poor, innocent animals. Half to almost all of those animals get killed by these confused researchers looking for a way to make a profit. We need to find an alternative for these cruel researchers. We need to free those animals, they deserve to have a normalRead MoreAnimal Testing Is Bad1374 Words   |  6 PagesAGAINST ANIMAL TESTING! The question is not, Can they reason? nor, Can they talk? but rather, Can they suffer?   Did you know that over a hundred million animals get injured or die due to animal testing? But when you think about is it actually legal? So the thing is it doesn’t matter what we think because there are people who want themselves to live a better life then the animals and they do experimentation on the animals just so humans can live a better life. AndRead MoreAnimal Testing Should Not Be Banned1581 Words   |  7 PagesAnimal testing is being used by different organizations all over the world to prevent specific diseases, especially cancer. Americans see animal testing having a harmful effect but it is one of the main reasons why society has most cures for some illnesses. This topic is important because people need to know what goes on during animal testing and why it is very beneficial. Animal testing needs to be used to find all cures. Some animals such as chimps/ monkeys have 90% of the same DNA humans haveRead MoreAnimal Testing Should Be Outlawed Essay1158 Words   |  5 Pagesof innocent and helpless, animals are being tortured and murdered. They are used for product testing as well as to put into products without consumer knowledge. These defenseless animals are deprived of respect and are victimized to an extent where it becomes unbearable to watch. There are many organizations that are trying to fight for animal rights. However, these organizations struggle with is because there is no legislation in the United States to combat animal testing. Even though it is not againstRead MoreAnimal Rights Should Not Be Banned1290 Words   |  6 PagesAnimal Rights There she sits in her favorite restaurant at her favorite steak house ordering her most favorite meal, steak. It s hunting season and he has been waiting all year to go deer hunting with his father and he just can t wait. The 8 year old girl goes to the doctor sick and discovers she has diabetes. In order to live, she has to inject herself with insulin everyday for the rest of her life. If animal rights is a law then we wouldn t have the luxury of any of these things. Although animals