Unit 2 Scenario B Essay Example | Topics and Well Written Essays - 750 words

Unit 2 Scenario B - Essay Example When the savings rate increases, there is typically less consumption, as the consumer propensity to purchase goods and services becomes less when disposable incomes decrease. The marginal propensity to consume is equal to the change in consumption divided by the change in disposable income. For example, a consumer who gets a raise at work will have a choice as to whether to spend or save. So, assume that a person earns an additional $100 per week. The marginal propensity to consume would be equal to the new consumption habits of the individual divided by the $100 increase in pay. As such, if the individual decides that 5% of their new income should be saved, the marginal propensity to consume is $5 / $100, equaling .05. The spending multiplier is calculated as follows: 1 / MPS + MPI, in which the denominator equation is the marginal propensity to spend and the marginal propensity to import. When the savings rate increases, consumption begins to rise. As such, the multiplier will continue to decrease as consumption increases. Finally, there will be significant changes in consumption due to a savings rate decrease, represented by lesser consumption when savings amounts increase. At the same time, equilibrium GDP is affected and will increase in direct proportion with a decrease in savings and an increase in consumption at the same time. Mr. Mallon, I believe that the only real concern involving a diminished savings rate will be the long-term impact on the regional economy. From an individual consumer perspective, these changes would be barely noticeable, and the only thing affected would be either an increase in consumption or decrease, based on how much the consumer saves. However, over the broader landscape, when savings drop all across the nation and consumption increases, equilibrium GDP will be affected which will cause significant

Failure and Error analysis Term Paper Example | Topics and Well Written Essays - 250 words

Failure and Error analysis - Term Paper Example Lastly, acknowledged from the cases is the fact that what leads to failure are leadership, material, tools, and environment and should all be looked into when designing a product in the engineering discipline (Delatte 1-12). Many factors contribute to human error in their daily operation, which include high pressure at work, complexities in technicality tasks, and the environmental disposition. By anticipating human factors principles and research based on a systematic collection of data, does aid in coming up with improved control systems, high quality of information, and enhanced human resource management, which all add up to human safety. The most common cause of errors from human operation according to Brosnan (2008) is the negligence attributed to incompetence, which I have felt in my actions. In addition, ignorance, having an oversight amidst greed contributes to failure (Brosnan 11). Disorganization of the leadership structure breaks communication channel and flow of information and leads to misuse, abuse, and neglect, which breaks down the smooth operation hence attracting failure. Types of errors that exist are the bounded, imperfect and reluctant rationality errors, which all are either indivi dual or collective error in engineering. Errors are also adverse or mild and require to be noted during design to avoid catastrophic accidents. 2000-commonwealth Avenue, 1971 is an engineering error that occurred, and I relate to it personally. The licensing of engineering work in any organization, institution and level of work is crucial (Delatte 1-3). The overseer bodies, which ensure that designs are well-elaborated and meet standards, require that the best practices be adhered. According to the Brosnan (2008) categorization, the issues here were unsafe acts and supervision (Brosnan 13). In addition, the individual errors committed become collective and led to the catastrophe as experienced. From the incidence, leadership, skills, and licensing

Business strategy in financila services Essay Example | Topics and Well Written Essays - 2000 words

Business strategy in financila services - Essay Example A host of modern pharmaceutical companies all started out as Rhine-based family dyestuff and chemical companies e.g. Hoffman-La Roche, Sandoz, Ciba-Geigy (the product of a merger between Ciba and Geigy), and Novartis1 etc. Most are still going strong today2. Over time many of these chemical companies moved into the production of pharmaceuticals and other synthetic chemicals and they gradually evolved into global players. There are certain factors like the introduction of the penicillin during the late 1940s, its success and relative success of many other innovative drugs which actually institutionalized the efforts of research and development (R&D) in the pharmaceutical industry. The industry expanded rapidly in the sixties, benefiting from new discoveries and a lax regulatory environment. During this period healthcare spending boomed as global economies prospered. The industry witnessed major developments in the seventies with the introduction of tighter regulatory controls, especially with the introduction of regulations governing the manufacture of 'generics'3. The new regulations revoked permanent patents and established fixed periods on patent protection for branded products, a result of which the market for 'branded generics'4 emerged. PESTLE Analysis PESTLE analysis is a useful tool for understanding the "big picture" of the environment, in which you are operating, and the opportunities and threats that lie within it. By understanding the environment in which you operate (external to your company or department), you can take advantage of the opportunities and minimize the threats (RAPIDBI). Specifically the PEST or PESTLE analysis is a useful tool for understanding risks associated with market growth or decline, and as such the position, potential and direction for a business or organization. Technological advancements, tighter regulatory-compliance overheads, rafts of patent expiries and volatile investor confidence have made the modern pharmaceutical industry an increasingly tough and competitive environment. An analysis of the structure of the pharmaceutical industry using the PEST (political, economic, social and technological) model (Susanne, 2004) is given below. Increasing Political Attention Over the years, the pharmaceutical industry has witnessed increased political attention due to the increased recognition of the economic importance of healthcare as a component of social welfare. Political interest has also been generated because of the increasing social and financial burden of healthcare. Examples are the UK's National Health Service debate and Medicare in the US. Increased Economic Value During the year 2003, there were many high value mergers and acquisitions which were witnessed by the global pharmaceutical industry. With a projected stock value growth rate of 10.5% (2003-2010) and Health Care growth rate of 12.5% (2003-2010), the audited value of the global pharmaceutical market is estimated to reach a huge 500 billion dollars by 2004. Only information technology has a higher expected growth rate of 12.6%. Majority of

Child Labor in the Victorian Age Essay Example | Topics and Well Written Essays - 1250 words

Child Labor in the Victorian Age - Essay Example Unfortunately, as many of those in the government were for child labor, many laws and rules stayed the same, continuing to endanger the children in their workplaces. As most of the businesses during the Victorian age were industrial and factorial, "these were the places of employment that children were limited to and forced to work, so the working conditions were horrid, and not just for the children but for their elders as well (Horn, 1997)". In many instances, such as the coalmines and gas companies, the children worked amongst harmful gases and other potentially dangerous vapors. The outdoor industries, such as shipyards and construction sites, found the children working outside in all manners of temperature and weather conditions, from heat to the icy winters, harsh sunshine to foot upon foot of snow (Damrosch, 1104). As these children often came from poor families, they were unable to afford the proper attire to keep them protected during the changing weather conditions. Other dangers that were presented to the children simply came from the areas in which they worked. On a construction site or a shipyard, there was always the fear of falling beams or walls, stepping on nails, which often led to severe infections that caused disease such as tetanus, which could not be cured during that time and the children often died from it. The children were constantly at risk for getting injured in their workplace; they were too young to be properly aware of all these dangers, and the elders took little concern to the well-being of these children, with many of the elders viewing the children as disposable - it would not be difficult to hire another child if need be. In fact, most of the injuries and deaths on the job during the Victorian age were children, and neglect or unchecked safety issues often caused these. The children, as with the older workers, received few, if any, breaks during their workdays. They were permitted meals at the proper times, but those

Evaluation of Barclays Bank in India Essay Example | Topics and Well Written Essays - 2000 words - 1

Evaluation of Barclays Bank in India - Essay Example After the deregulation and reformation initiatives taken by the Ministry of Finance and the Reserve Bank of India for improving the structure of Indian banking Industry, the banks in India are performing better in comparison of other developing nations. Enhancing economic condition of Indian people is another key factor for the success of Indian Banking Industry and other macro-economic factors are also favourable for growth of Indian banking sector. However, due to dominance of Indian domestic banks, Barclays have wisely selected its target market i.e. the HNI and HRI clients. Besides, it is also trying to offer world class services to position itself as a leading global bank. The process of globalisation has influenced the entire process of human activities and globalisation of trade and business in one of the most significant instance for global economies. It has also given birth to the global banking sectors as many banks from developed countries are trying to enter in the emerging nations like China and India. The growing economic stability and increasing disposable income of India, many multinational companies including banks have entered in this market and these MNC banks are also experiencing a rapid growth in Indian market (Arasu, 2008, p.274). This paper will attempt to present an evaluation of Barclays Bank, a leading global bank for its Indian market business. The primary objective this paper is to evaluate the effectiveness of Barclays in India using multiple analytical strategic tools. Barclays bank is basically a UK-based multinational bank established in more than 330 years ago, and for market expansion, it has also entered into the most of emerging and developed countries like Middle East, U.S.A., Asian countries, European countries (Barclays-a, 2011). Barclays bank entered into the Indian financial market during 1970s and since then, it has experienced tremendous growth and success. In Indian market it offers retail as well as commercial banking services catering more than 400,000 customers and clients. It has opened its multiple banking units in most of Indian cities.  

How Are Human Beings Similar to and Different from the Gods Essay Example for Free

How Are Human Beings Similar to and Different from the Gods Essay In Greek mythology, specifically in Homer’s eminent epics; (the Iliad and the Odyssey), the gods are depicted according to anthropological means. They basically resemble human beings in form as well as in behavior. One must understand first that the Greeks had very much appreciated the human form. Contrary to the Egyptians, for example, who had portrayed their gods with human features incorporating some animalistic bodily features as well. Many other civilizations’ gods also had a certain idiosyncratic factor; they were above human beings, on an entirely superior level, to a point where there was a palpable barrier between gods and humans. A Pharaoh, for instance, would be like a god but there would still be a division between him and the people. The Greeks also had no bible, or holy sacrament. All they had were myths with no precise moral or lesson, other than the mere fact that â€Å"life’s a bitch†. Throughout Homer’s epics, the gods display human emotions such as anger and love. They were petty, having numerous sexual affairs with humans. And like humans, they even shared a diverse personality range. Each god acted very differently from the other. Zeus, for example, was a womanizer and could even be viewed as a knave. Whereas Neptune loved humankind; always helping humans in need. Or Poseidon, as seen in the Odyssey, liked to hold a grudge on Odysseus for blinding his son. The gods were all over the place with emotions and personalities. They would even love you one day and then stab you in the back the next. However, there is one very crucial difference between the two: gods, unlike the humans, were immortal, and being immortal was one of the attributes which rendered them as gods aside from having certain powers. It was also nearly impossible to become a god, and if one had become a god there was always a catch. Achilles, for instance, had become immortal except for one place on his body which was vulnerable – his heel (since it didn’t touch the â€Å"holy water† his goddess mother, Thetis, immersed him in). And of all the places that one could attack him; Paris, according to myth, had ended up killing him with an arrow aimed at his heel, thus infecting him and ultimately ending his â€Å"immortal† life. In conclusion, there is very little that can differentiate the Greek gods with humans, because essentially the gods were humans, sharing many similarities, since the Greeks were true humanists.

Teaching and Learning in Clinical Practice

Teaching and Learning in Clinical Practice The purpose of this essay is to outline the episode of teaching and learning in clinical practice that I have been involved. It will describe the significance of under penning theory of teaching, It will demonstrate knowledge and understanding teaching and learning methods relate with learning outcomes/objectives, assessment, and evaluation and quality assurance. It will also going to looking at the reflection that has been required to the teaching session based on the evaluation. I am going to use Gibbs (1988) Reflective Cycle. This model is a recognized framework for my reflection. Gibbs (1988) consists of six stages to complete one cycle which is able to improve my teaching practice continuously and learning from the experience for better practice in the future. Learning is the act or process by which behavioural change, knowledge, skills and attitudes are acquired Boyd, et al. (1980) therefore learning is not just attending a class or reading books it is all about changing behaviours and attitudes, reflecting what has been taught by practicing. There are three sets of learning theory generally used in educational circles these are behaviourist, humanistic, and cognitive. For my teaching session I have used Cognitive approach because the cognitive method is student-centred. In other words, as an adult learner, the students find out for themselves in a self-directed way Pritchard, A. (2008). According to Knowles, M.S. (2005) and Quinn, F.M Hughes, S (2007) cognitive learning is a great method that provides the means of knowledge, and goes well beyond simple imitation of others. Conditioning can never explain what you are learning from reading our web-site. This learning illustrates the importance of cognitive learning Conner, M. L. (2005).. Cognitive learning defined as the gaining of knowledge and skill by mental or cognitive processes. The procedures we have for manipulating information in our heads Cognitive processes include creating mental representations of physical objects and events, and other forms of information processing Thorners.L (2009). In cognitive learning, the individual learns by listening, watching, touching, reading, or experiencing and then processing and remembering the information. Cognitive learning might seem to be passive learning, because there is no motor movement. However, the learner is quite active, in a cognitive way, in processing and r emembering newly incoming information. One of the most useful descriptive models available of the adult learning process provided by Kolb (1984) suggesting that there are four stages in learning which follow from each other: Concrete Experience is followed by Reflection on that experience on a personal basis. This may then be followed by the derivation of general rules describing the experience, or the application of known theories to it Abstract Conceptualisation, and thus to the construction of ways of modifying the next occurrence of the experience Active Experimentation, leading in turn to the next Concrete Experience. All this may happen in a flash, or over days, weeks or months, depending on the topic, and there may be wheels within wheels process at the same time Muijs.D And Reynolds.D (2006),à ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦. According to Pritchard, A. (2008) the best way for a person to learn depends on the person, of course. It is well know that people have different leaning styles that work best for them. The best approach for a teacher to take is to address a variety of learning styles with their teaching plan. It is also helpful to encourage students to understand their preferred leaning style. Teachers should make students aware of the various learning styles and encourage them to consider their preferred style as they complete their studies. Wragg.E.C (2004) recommended that teachers should create an environment with lots of tools for developing an understanding of the topic. I have provided PowerPoint slide and image from the web so that the students can learn in both way from the slide and image. I have applied them by allowing the students to be active participants discussing on the topic, monitoring students progress and ask lots questions and answer. Teachers should provide use of visual and v erbal teaching methods as well as speak out loud student using technique. Student should think deeply and answer questions about the topic to further develop their understanding. Incorrect answer can be a good thing as it helps the student recognise that they need learn more to achieve purpose of the topic Conner, M. L. (2005). Cognitive learning strategies include case studies, research, discussions, self-assessment and presentations. As an adult learner, I used PowerPoint presentation with good font size and good background light as well as topic related image which can attracts the audience and grape their tension. The topic of the lesson I have prepared was based on the audience level and relevant for their future nursing career. According to NMC (2008) we have a duty to facilitate students of nursing, midwifery and specialist community public health nursing and others to develop their competence. I have a responsibility to teach based on current evidence, best practice and, where acceptable, validated research when it is available. According to Malcolm (2005) the Andragogical Model in adult learners has a self-concept of being responsible for their own decisions, for their own lives. Ones they arrived at that self-concept, they develop a deep psychological need to be seen by others and treated by other s as being capable of self-direction. This includes letting learners know how the topic is important to learn, showing learners how to direct themselves through information and relating the topic to their experiences. In addition, people will not learn until they are ready and motivated to learn. Often this requires helping them overcome inhibitions, behaviours, and beliefs about learning Conner, M. L. (2005). Lesson plan is one of the most important principles of good teaching so that the teacher can check that he/she keeping to time and actually what the content of her/his lesson is, as well as a framework for reflection and evaluation Pritchard, A. (2008) Thorners.L (2009) I have structured my lesson plan by asking myself about the title for the session, the type of expected learning, about teaching and learning methods, length of time available, location of teaching session, access computer, internet resources, etc. I also think about the audience the number of learners and their study level or stage in training, and how will I know if the students understand? This is by assessing student Informal and formal way, questioning techniques, feedback from learners Knowles, M.S. (2005), Muijs.D And Reynolds.D (2006) and Surgenor.P (2010) I have also set out the aim and objectives for my teaching session, that way the students know what to expect and also what they are expected to know by the end of the session. Surgenor.P (2010), Muijs.D And Reynolds.D (2006) explained that the goal of creating learning objectives is to provide a means of clarifying the purpose of teaching to ensure the lesson is successful and the objectives are achieved. Clearly identifying learning objectives improves the communication between the teacher and the learner. When the objectives of a teaching have been clearly identified and presented in an orderly progression, the desired learning outcomes will be attained. In this paragraph, I am going to reflect on the situation that taken place during my teaching session using Gibbs module which consist six stages. The cycle starts with a description of the situation, next is to analysis of the feelings, third is an evaluation of the experience, fourth stage is an analysis to make sense of the experience, fifth stage is a conclusion of what else could I have done and final stage is an action plan to prepare if the situation arose again NHS, (2006). Dunn.L, (2002) and Wragg.E.C (2004) gave some reasons why reflection is require in the reflective practice. They state that a reflect is to generate the practice knowledge, assist an ability to adapt new situations, develop self-esteem and satisfaction as well as to value, develop and professionalizing practice. However, Jasper M (2003) explain that reflection is about gaining self-confidence, identify when to improve, learning from own mistakes and behaviour, looking at other people perspectives, being se lf-aware and improving the future by learning the past. Description, I had a clinical teaching session PowerPoint presentation for my fellow students at London South Bank University in January 2011. It was a 20 minutes teaching session based on nursing related topic I left home early as I wanted to print my note. Unfortunately it was just a shame that I forgot my student card and couldnt print my work for this result I was panicking but I managed to teach using the PowerPoint slides. I thought the students will come up with lots questions which would challenge me. Feelings, I was feeling nervous just before I begin to talk and during the first  five minutes, and then things get much easier. Before I started to teach, I introduced myself and approached the students to build a good connection with them as I do not want them to feel bored as well as I myself was blank due to anxiety. My first approached was to ask them how much they know about the topic. The students were interested in the topic and they were quite knowledge about the topic. In this situation, I showed up my emphatic listening. According to Wold (2004) the emphatic listening is about the motivation to understand the other person not just judging the persons fact. Then, I start going through slides in detail each point and I ensured if the students could hear me as I was quite quickly spoken and coughing during talk due to mouth dryness. In the meantime I used non-verbal communication skills with them including using my body gesturers and facial expression. Body gesturers and fa cial expressions are referred as a non-verbal communication Surgenor.P (2010) and Jasper M (2003). As a result, the students gave a good collaboration and enjoyed the session until finished. Evaluating, I was pleased to see that the students did not disappoint with the session. I feel I make the right decision to accompany and assess student if they could hear me in order to get my point. Furthermore, I could develop my confident to teach/communicate more effectively. Although Pollard.A, (2008), would describe it as a task-centre communication as one of the element caused the lack communication among teachers. My worry was that during my preparation it was not considered how I could handle my anxieties and nerves which affect my communication by talking quick or may not clear enough. In my analysis, generally the session went well because I used cognitive approach correctly and used appropriate teaching method. Point out that Pritchard, A. (2008) cognitive theory is a great theory to follow when teaching. I was suffering with mouth dryness and talked quickly, it seemed because I was nerves, otherwise enjoyed good teaching. During my presentation it might have helped to have a print out note of my presentation so that I dont get blank and also I might have helped if it was considered how I will handle my own anxieties and nerves for example to have a bottle of water would have help to hydrate me. Study suggested that to practice my talk and keep a note of timings and any helpful stage direction as well as considering how to react under pressure. Study also shows that it is common to speak more quickly when nervous and therefore, it is useful to think of ways of slowing down at the beginning of your talk NHS (2006), Pollard.A, (2008), Skinner.D (2010). The students were satisfied to learn new thing from the topic that has no previously done and learnt the important point of the session. I was satisfied with engaging students by asking questions and answering, student discussion and that they appeared to be knowledgeable. According to West, Clark and Jasper (2007) provide students with best opportunity for success during the assessment process it is essential to ensure they have a feasible workload for their stage of education that can enable them to learn as well as to work therefore I was giving them every opportunities to ask question and to discuses on the topic by assessing what they learnt and by asking questions which help students to build up their confidence. Conclusion, after analysed the situation, I could conclude that I was able to know how important a good practice is valuing student respect them and treat them as an individual to deliver a good teaching. I also gain knowledge the skills for effective communication with the student weather I am nerves or anxious, I could communicate effectively with student such as approach the student, asking questions, be an active listening, show my understanding and support the encourage for further reading. There wasnt a lot I could have done in this situation; I did ask students as much as I could and I was able to answer their question as well which makes me feel good. However, I could have challenged the students by kept a little bit more if I had print out my note. The Gibbs reflective method has helped me to learn from experience and has given me an insight on what I would do differently if the situation happened again. In the future I believe that I will be able to demonstrate and work closely with both service users to support them, by assessing their needs, reviewing risks, policies and procedures that apply to them. Action plan, for the future I will be able to give the best teaching practice because now I have gain more knowledge about how to prepare teaching session and how to teach. I am also aware that by assisting patients in many ways for example, help patients to contain uncomfortable feelings, by assessing what my symptoms are, I need to learn how to hide these symptoms and pretend to be more confident. For example, if my hands were shaking I wouldnt hold my notes in my hands. If my mouth does dry, then I would keep a bottle of water along. According to Pollard.A, (2008), often by finding ways of controlling the symptoms, you will find that you are no longer feeling quite so anxious. During this essay I learnt the role of teaching and learning theory and I have developed skills and professional knowledge to work effectively with others. Also this essay helped me to develop my knowledge in teaching and learning and understand how the laws and policies are set up to give a better quality practice for teaching so I will use this for my future teaching in practice. I also learnt about individual needs in teaching and the important of approach to teach with student that promotes diversity and valuing differences, Self-esteem and positive group identity, fulfilment of individual potential, and, the full participation of all groups in society.