Principles of Macroeconomics Essay

An increase of government purchases occurs after a rise in aggregate output and employment. This tends to stimulate the economy, people then tend to buy more and save less. Therefore, it results to a higher importation than exportation, known as the trade deficit. The budget deficit increases the external deficits because the exports do not proportionately increase to counterweight increase imports. This explains that a large budget deficit raises domestic interest rates and the exchange rate. With a higher exchange rate the domestic products becomes more expensive and foreign goods cheaper. Hence, the import increases while export decreases. Resulting, the trade deficit to be enlarged. Consequently, to help drive the trade and current account of the balance of payments into deficit there is a combination of a higher interest rate and a stronger currency. However, to defend that the budget deficits mainly results from tax cuts that tend to reduce both public revenues and public saving; many researchers have justified the Ricardian equivalence hypothesis. Nevertheless, these tax cuts are effective on reducing public savings and enlarging the budget deficit, equivalently they increase private saving by amount. However, Ricardo’s neutrality hypothesis recommended that the private sector views budget deficits as public investment and treats public and private investment as perfect substitutes. How do the CPI and the GDP deflator differ? Why do economists believe that the CPI overstates the rate of inflation? Is this an important problem? CPI is an accurate measure of inflation. When the price basket goes up so does the CPI. It is limited to what it measures. It only measure the prices of the goods and services purchased by the urban consumers which is about 60% of the total production of the economy whilst on the contrary the GDP deflator measures the total production in the economy. It also allows to show up in the deflator the as people respond to changing prices. With this approach, the GDP deflator is being rebound up to date expenditure patterns. Despite that CPI only measure about 60% of the total production, it helps people give the idea how it affects them because it measures the type of goods they buy. Moreover, it comes out monthly and available anytime. With the historical comparison, most of the time the CPI and GDP price deflator had the same inflation rate, and when there is a difference, they do not differ much. However, if the CPI differs from the GDP deflator, it is only by a fraction of a percentage point, even so this could be important for some economic policy decision. Many economists believe that CPI overstates the rate inflation because they think that CPI is not a good indicator of a current inflation. According to David Ranson, a U. S. economist, a better indicator of current inflation would be increases in the price of commodities because initially inflation affects commodity prices and it will probably take several years for this commodity inflation to work its way through an economy and be reflected in the CPI. It is not an important problem so long as one is using whichever measure is appropriate for their findings. Reference Quantcrunch Tutor (April 2009 ) Q&A in Macroeconomics http://qainmacroeconomics. blogspot. com/2009_04_01_archive. html

Operation Management Essay Example | Topics and Well Written Essays - 5500 words

Operation Management - Essay Example Hence the current paper explains the operational scenario of Online DVD rental business with the special concentration of recently entered brand - EASY DVD group. The one of the chain entrepreneur’s brainchild Easycinema has launched its Online DVD rentals from March 20005. The recently emerged branded product has come out with the many features to unleash the market, where the earlier giants have left. As the competitors of the online DVD rental industry are in price war with highest credits, the Easy group has come up with the best features in DVD listings, facility and logistics. Keeping the complete entertainment in the motto of the vision in setting up the DVD rental business, the easy group follows the rest of the players with no late fee for the returns. However the mind-boggling situation for any strategist of such logistics is the time frame. Customers anticipate for the quickest delivery of the DVD, soon after they click on the button, according to their schedule. This supply at anticipated time makes to concentrate much on the product delivery logistics. Supply Chain Management encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all Logistics Management activities. Importantly, it also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, third-party service providers, and customers. In essence, Supply Chain Management integrates supply and demand management within and across companies. Logistics Management is an integrating function, which coordinates and optimizes all logistics activities, as well as integrates logistics activities with other functions including marketing, sales manufacturing, finance and information technology." But there are some boundaries and relationships of Logistics Management adopted by the Council of Logistics Management; "Logistics Management activities typically

Neurobehavioural Science Assignment Example | Topics and Well Written Essays - 500 words

Neurobehavioural Science - Assignment Example The assignment "Neurobehavioural Science" analyzes the article which provides an overview of the study by UT Southwestern Medical Center in which the researchers tried to ascertain the link between hunger hormone ghrelin and increased intake of high calorie and high-fat foods in times of stress. This article helps to explain the cause of increased eating and subsequent obesity in those subjected to psychosocial stress. The study was performed on animal models, mice and the results of the study extended to human beings. Ghrelin is a hormone that is released from the gastrointestinal tract and the hormone sends hunger signals to the brain making the individual eat food. In the past, it has been shown that ghrelin levels elevate during chronic stress and elevation of the hormone levels lead to decreased anxiety and depression. In the mice models used in the study, it was found that raised ghrelin levels during stress led to increased body weight secondary to overeating. This clue helps in the prevention of obesity in those who are suffering from stress. The article elaborates as to how the study was conducted, how the mouse model was developed and also how they have subjected to stress. A mouse model was developed for the determination of hormones and also to ascertain the parts of the brain that may be playing a role in the control of eating behaviors that are more complex, especially those secondary to stress, which leads to eating of comfort foods that are rich in high calories and high fats.

Factors Affecting Decisions Involved In Menu Planning Assignment - 3

Factors Affecting Decisions Involved In Menu Planning - Assignment Example According to the research findings, it can, therefore, be said that menu card if effectively designed and is conveying all relevant information provided by it, can be used as both sales and marketing tools. Menu card also is the source for generating sales transactions and as stated above if it is conveying all relevant information, it can also lead to increase in the number of customers. Hence, automatically increasing sales volume. How the menu looks, reflects as to what the company’s mission and objective. So the menu should be designed in such a manner that it is in accordance with theme and values of the company. Core objective and image of the company should be in line with market dynamics. Factors which can affect customers can vary from market to market. These can be how readable content on menu card is, overall physical scheme, outline, and font styles. As for other factors in communication, it is the presentation that is more important rather than what content has be en presented in the menu card. Example of this can be fast food restaurants where they have limited items presented in the menu. However, they sell in bulk quantities. The concept of common counters is present in fast food chains. Hence separate menus aren’t required for each customer. Class of customer coming too fast food chains doesn’t require descriptions of each product as they are familiar with products being offered. If a description is present in the menu it would only serve to slow down the decision-making process. In these common menus on common sales points, only product name, price, and other add ups are being shown along with the enlarged picture of a product being sold. For avoiding reputational risk, fast food chains need to keep the original product as being shown on sales point. This overall strategy which has been implemented across fast food chains leads to quick service and limited products available at the same price at all units of a fast food cha in.Alternatively, when we move towards restaurants which present sophisticated theme, class, and group of customers being catered change and with its overall theme of menu changes. The number of food items being presented on the menu also increases.

Business Law Assignment Example | Topics and Well Written Essays - 500 words - 5

Business Law - Assignment Example attentiveness, shunning conflict amidst their individual interest and those of the prevailing principal and submitting revenue collected on behalf of principal (Goldman & Corrada, 2011). Conversely, principal’ s duties entail compensation of the agent as agreed, indemnification of against claims, liabilities and corresponding expenses incurred in regard to discharging duties assigned by the principal (Goldman & Corrada, 2011). Due to the fiduciary relationship, a principal ought to contract with agent faithfully and impartially. The principal is liable to indemnify the agent for payments undertaken during the course of the association regardless of the expenditure authorized and promoting the principal’s business enterprise. Conversely, an agent is normally liable to the principal when they act devoid of real authority (Goldman & Corrada, 2011). Moreover, an agent is accountable to indemnification of the principal for the forfeit and devastation originating from their actions. Employment at- will stipulates that when a worker lacks a written employment contract and the corresponding term of employment that possess indefinite period, then the employer can terminate the worker for good cause or no cause at all. The exemptions to the underlying employment- at- will entail public-policy exemption, implied-contract exemption and Covenant-of-good-faith exemption. Public policy exemption where a worker is applied wrongly, when the cessation is in contradiction of the obvious, well-established public policy (Goldman & Corrada, 2011). Implied-contract exemption applicable instances where there is development of contract amidst a manager and worker without expression and written instrument of employment association. Covenant-of-good-faith exemption applies to the manager workers resolutions that are subject mainly to the ordinary reason or termination purely reached in bad motive. Anti-discrimination laws prohibit workplace discernment on the foundation of race,

Business Plan for a New Firm in the Music Industry Essay

Business Plan for a New Firm in the Music Industry - Essay Example The proliferation of technological advances in the current world market had facilitated numerous changes in the way business is done. The music industry has been revolutionized by changes in technology that ushered the internet which in turn spurred the introduction of peer to peer architecture and music file sharing. The digitization of music is also apparent in the advent of CDs, VCDs, MP3s, and the most recent advancement which is called streaming technologies. It is irrefutable that a new music industry has evolved, a sector, which began to take advantage of the benefits offered by these revolutions [1]. The utilization of new business models and strategies are essential in order for a business entity to efficiently compete in the current market environment. The new trend in the music industry posted radical changes in the overall industry value chain. It has streamlined the value chain by effectively lessening or fully eradicating some of the previously important players [2]. The most significant of these is the obvious displacement of traditional marketing channels by more technologically advanced ones. Brick and mortar distribution channels are now being complemented or fully replaced by online distribution systems [3]. These new trend necessitate the conceptualization and implementation of innovative business strategies to become profitable, capture a sizeable market share, maximize shareholder value, and compete head-on with other industry leaders. This paper will serve as a platform of a business, which will take advantage the advancement of technology in order to effectively compete in the new music industry. The creation of the company will show the responsiveness of a business entity to the new trend and changes in its environment. The Company The new changes in the music industry will give rise to the conceptualization of a company which will be known as eMusic Company. Business Operation The firm will be involved in the promotion and distribution of music of various artists of music labels and independent ones. Utilizing the present technologies available, eMusic will be employing an online distribution system of music in physical and digital format by establishing and building its own website where consumers can access their products and services. The website will offer a user-friendly interface where music lovers can find the songs that they want with the most convenience and speed possible. Realizing the new trend within the music industry, specifically the streamlining of the value chain, the company will try to bring artists with music fans directly. This will be done by adding a system where artists can directly upload their tracks and albums online to be viewed and heard by anyone online. Market Scope The evolution of a global market through the rapid spread and utilization of the internet technology will allow the company to service anyone in the world. The market scope therefore is a broad and as diverse as the total number of music lovers who have access to the world wide web. This eliminates the ageing population, as they are not usually familiar with the new technology. The most particular market segment to be serviced therefore, is mostly the young and middle-aged population. I. Competitive Environment (current) Figure 1 shows the recording industry's distribution chain. Since eMusic will be involved not only in the distribution but also promotion of music by various artists, it will be competing both with music producers (labels) and distributors. Production Production of music is currently undertaken by record labels which can be neatly classified in four major categories-major labels, independent labels, microlabels, and vanity labels [4]. 1. Major Labels Major labels are comprised of recording companies with over 100 artists. The labels' large number of artists implies a broad array of musical styles. Having huge financial muscle, these usually have national or international distribution

History of Musical Films Essay Example for Free

History of Musical Films Essay By 1928, Hollywood was invaded by sound theater. Silent films made an honorable exit. Vaudeville was also being wiped out. It signaled a phenomenon Tinseltown was not quite prepared for. It was the time of sound facilities and infrastructures. Later on Broadway composers were hired to write screen musicals (â€Å"History of Musical Film†, 2004). The first picture to make a transition from silent film to sound was Warner Bros. ’ 1927 The Jazz Singer starring Al Jolson who mostly did the singing in the movie (â€Å"Musical Film†, 2006). One MGM musical hit opened the doors to the musical film genre. This was the 1929 Broadway Melody with a score by Nacio Herb Brown and Arthur Freed. The story was about two sisters fighting over their love of a song and dance man. It cost $379,000. 00 and grossed for $1. 6 million in its first release. Its title tune is â€Å"You Were Meant for Me. † It was the first sound film to win an Academy Award for Best Picture. MGM’s production chief Irving Thalberg was credited for bringing in a string of musical hits since Broadway Melody. (â€Å"History of Musical Film 1927-1930 Part II†, 2004). Love Parade from Paramount followed on the same year by silent screen director Ernst Lubitch. It is a lighthearted operetta inspired by Broadway to fit the screen starring soprano Jean Macdonald as a young royalty and Maurice Chevalier as the French playboy diplomat. (â€Å"History of Musical Film 1927-1930 Part II†, 2004). The 1930s, 1940s, and 1950s were considered the golden age of musical films. Following are some of the popular musical films: Hollywood Revue of 1929 with Joan Crawford from MGM, Cecil B. Demille’s Madam Satan (1930). 932 mid-Depression saw the making of Love Me Tonight, a collaboration of Richard Rogers, Lorenz Hart, and director Rouben Mamoulian. Rogers and Hart continued with Hallelujah, I’m a Bum (1933) with Al Jolson. (â€Å"History of Musical Film 1930s: Part I†, 2003). Forty Second Street by dance Broadway director Busby Berkeley choreographed the dance sequences while composer Harry Warren and lyricist Al Dublin created the score. It was a million dollar hit for a $400,000 production. It was followed by Footlight Parade (1933), The Gold Diggers (1933) and Hollywood Hotel (1937). â€Å"History of Musical Film 1930s Part II† 2004). Fred Astaire and Ginger Rogers entered the musical scene in 1933 through Flying Down to Rio, The Gay Divorcee (1934), Top Hat (1935) with a score by Irving Berlin. It was also the time of Shirley Temple in movies such as Stand Up and Cheer (1934), The Little Colonel (1935), among others. Disney produced Fantasia (1940). MGM revived its musical genre with the release of The Merry Widow (1934) (â€Å"History of Musical Film 1930s Part IV† 2004). The 1940s saw Warner Brothers’ Yankee Doodle Dandy (1942) with James Cagney in his Oscar-winning performance. Then independent producer Samuel Goldwyn found Danny Kaye and made Up in Arms (1944, Wonder Man (1945), among others. It was also the time of Bing Crosby (Road Series, Going My Way, Holiday Inn) and Bob Hope (â€Å"History of Musical Film Screen 1940s: Part I† 2003). Judy Garland starred in Little Nellie Kelly (1940), Ziegfeld Girl (1941), Meet Me in St. Louis (1944) directed by Vincente Minneli, her future husband. She appeared in sixteen MGM musicals. Gene Kelley also was a big MGM star in musical movies like For Me and My Gal (1942), On the Town (1949), among others (â€Å"History of Musical Film 1940s Part III† 2004). The 1950s was the decline of the musical film genre and the emergence of television. Some of the musicals produced from 20th Century Fox were Richard Rodgers Oscar Hammerstein IIs. Oklahoma (1955), Carousel (1956), King and I (1956). South Pacific (1958). Warner Brothers released some Doris Day films, Love Me or Leave Me (1955), The Pajama Game (1957). Paramount produced What Christmas (1954) while Walt Disney released musical animations such as Cinderella, Alice in Wonderland, Peter Pan, Sleeping Beauty. MGM released Kiss Me Kate (1953) and High Society (1956) (â€Å"History of Musical Film Screen 1950s†, 2003).