Eco 365 Supply and Demand Simulation Essay - 855 Words

Supply and Demand Simulation ECO/365 November 26, 2012 The purpose of this paper is to discuss the Supply and Demand simulation from the student website. The idea is to identify two microeconomic and two macroeconomic principles present in the simulation and to explain why these principles are categorized as macro or microeconomic. The paper will also determine one shift of the supply curve and one shift of the demand curve from the simulation, as well as why these shifts happen. Their impact on the equilibrium price, on decision making, and on quantity will be also analyzed. Then, it will refer to ways in which concepts about supply and demand can be applied in a real life-situation or in the workplace.†¦show more content†¦However, the rental rate also increases as the supply increases. Leasing all the apartments (which are 2,500), will drive the rental rate to $1,500. As the rental rate and the number of apartments supplied increases, the demand curve shifts downward. So, if the company increases the rental rate to $1,500 the demand for apartments will be lower. In order to reach equilibrium the company will have to lower the rental rate to $1,050. This is where the quantity demanded is equal with the quantity supplied. Relevance in Real World and at the Workplace Supply and demand concepts are all around us. Take for example a shoe factory. From a macroeconomic perspective everybody needs shoes. This type of product is a necessary and not a luxury product. So, there will always be a higher demand of shoes. The company will always try to find the best price to sell the shoes so that the demand increases. The price of shoes is also determined by the production cost of the shoe since it needs to be higher than it. Producing the shoes does not only depend on the company itself but on other macroeconomic indicators. For example, if oil prices increase, the company will need to increase the price of the shoes since it would cost more to pay the suppliers for delivering the materials needed in the production process. Also, as the law of supply says, when supply increases, the price increases. If the supplyShow MoreRelatedSupply and Demand Simulation983 Words   |  4 Pages   ECO365 Supply and Demand Simulation Student Name ECO/365 – Principles of Microeconomics Instructor Name Date Introduction Supply and Demand is a phrase that every one hears in one way or another, Supply and demand phrase according to Colander, (2010) is the most used phrase by economist and the reason is because the phrase provides a good â€Å"off-the-cuff† answer for many question that have to do with economy. Example why are interest rates to Low? Because supply and demand. Why is GasolineRead MoreEco/365 Essay example628 Words   |  3 PagesSupply and Demand simulation LaKeith A. Atkins Sr. ECO/365 February 28, 2013 Watson Ragin Supply and Demand simulation †¢ Identify two microeconomics and two macroeconomics principles or concepts from the simulation. Explain why you have categorized these principles or concepts as macroeconomic or microeconomic. Supply and demand was affected by decreasing the rent to lower the vacancy percentage and maximize revenue for the company. This process is considered a temporary fix on a month-to-monthRead MoreMicroeconomics and the Laws of Supply and Demand Essay703 Words   |  3 PagesMicroeconomics and the Laws of Supply and Demand ECO/365 Principles of Microeconomics August 18, 2014 Sam Pirnazar Microeconomics and the Laws of Supply and Demand Abstract The objective of the laws and the supply and demand simulation is to apply the supply and demand concepts to provide a better understanding on how to use the curves in order to figure out the equilibrium in the market for leasing two bedroom apartments. The simulation will help determine the differenceRead MoreEco365 Supply and Demand Simulation Paper761 Words   |  4 PagesSupply and Demand Simulation ECO/365 Supply and Demand Simulation In the University of Phoenix simulation (2003), students are taken through the supply and demand of two-bedroom apartments in a city called Atlantis. The simulation itself is used as a tool to learn about the demand and supply curves as well as equilibrium. Other key learning points are the factors that affect supply and demand, the effect that a price ceiling has on the quantity demanded and the quantity supplied. ThroughoutRead MoreSupply and Demand Simulation Paper886 Words   |  4 PagesSupply and Demand Simulation Paper ECO/365 Week 2 Individual Assignment February 25, 2013 Supply and Demand The analysis will identify two microeconomics and two macroeconomics principles or concepts from the simulation, and explain why each principle or concept is in the category of macroeconomics or microeconomics. The analysis will identify at least one shift of the supply curve, and one shift of the demand curve from the simulation and what causes the shifts. The analysis will showRead MoreSupply and Demand Simulation1030 Words   |  5 PagesSupply and Demand Simulation ECO/365 Supply and Demand Simulation In the supply and demand simulation a neighborhood called Atlantis is given for the setting. Atlantis is a small city with open spaces, low population, and a low crime rate. There are plenty of sidewalks and street systems for easy access to the highway. The housing in Atlantis is detached homes and apartments. The supply and demand simulation consists of microeconomics and macroeconomics. The simulation presents shifts in theRead MoreAnalyzing Supply of Demand Simulation1042 Words   |  5 PagesAnalyzing Supply of Demand Simulation ECO/365 January 31, 2010 Analyzing Supply of Demand Simulation Supply and demand is a significant element of business procedures thus this paper will evaluate how supply and demand affects a business via a simulation provided by the University of Phoenix. In this paper, I will talk about the reasons for changes that occur in supply and demand. I will talk about how shifts in supply and demand influence the organization’s decision making processRead MoreEssay about Eco/365 Supply and Demand863 Words   |  4 PagesSupply and Demand ECO/365 Supply and Demand The economy is run by the concept of supply and demand. The simulation provided a practical learning experience that brings together the concept of micro and macro economics. I will try to summarize my findings and the inner workings of the concept of supply and demand that the simulation offered. Economics is defined as â€Å"the study of how human beings coordinate their wants and desires, given the decision-making mechanisms, socialRead MoreApplying Supply and Demand Concepts1027 Words   |  5 PagesApplying Supply and Demand Concepts David Hodge ECO 365 April 29, 2013 Robert Watson Applying Supply and Demand Concepts The supply and demand simulation was a very helpful tool in understanding the effects of external factors on the supply and demand curves. Understanding this concept is fundamental in preparing for real life situations. I personally enjoyed the fact that the simulation was based on a real estate management company. I was able to understand and relate to the informationRead MoreSupply and Demand Simulation/ Goodlife1018 Words   |  5 PagesSupply and Demand Simulation ECO 365 March 28, 2011 The GoodLife Management supply and demand simulation is based on the management of 2500 two-bedroom condominium apartments in a fictitious town named Atlantis. According to the simulation they are the only management firm in Atlantis and have a monopoly in the market. The simulation shows the issues the management deals with and gives the opportunity to see how the right or wrong decisions can affect the outcome of those decisions

What Are Nursing Research - 1359 Words

What is nursing research and why is it important to nursing? Research is essential in all aspects of life. Research guides decisions on what cars will be bought, what houses will be purchased, or where children will attend school. So, why would research not be an important part of deciding what is best in regards to healthcare? Research is conducted to gather data about a particular subject. Data that is collected through research should strive to be obtained from resources that are valid, credible, and peer reviewed. Nursing research is defined as â€Å"a systematic process of inquiry that uses rigorous guidelines to produce unbiased, trustworthy answers to questions about nursing practice† (Houser, 2015, page 5). Nursing research and†¦show more content†¦Research must be unbiased, trustworthy, and relevant to today’s world. Nursing research is not an easy task and requires a great amount of time and hard work. Even though this process may be difficult at time s, the rewards of improving nursing care for years to come makes it all worthwhile. Evidence-based practice is â€Å"the use of the best scientific evidence integrated with clinical experience and incorporating patient values and preferences in the practice of professional nursing care† (Houser, 2015, page 12). Evidence-based practice is important to nursing care for many different reasons. One of the main reasons is that using evidence-based nursing care provides better patient outcomes verses using the traditional trial and error method. Evidence-based practice is based on scientific studies and desirable patient outcomes. Healthcare professionals who provide patient care using evidence-based nursing practice are acting in the best interests of their patients. Errors in clinical decision making have greatly been reduced by using evidence-based practice for providing nursing care to patients. Patients are often placed at a higher risk for harm or injury when using the traditional trial and error method of nursing care. Therefore, the trial and error method s hould be avoided at all costs because it is unethical and unacceptable from a nursing standpoint (Houser, 2015). Evidence-based practice

Do not lose family in times of unemployment and finalcial loss Free Essays

The financial crisis emotional support hotline set up by volunteer organizations with government funding received more than 1,000 calls for help in its first two weeks of service. Social problems caused by the global financial tsunami have continued to surface. Hong kong people have to understand that the adversity is a global phenomenon. We will write a custom essay sample on Do not lose family in times of unemployment and finalcial loss or any similar topic only for you Order Now Further, no matter how desperate the situation is today, there will be sunshine after rain. Other than money and wealth, there is much to admire and treasure around us. The brunt of the financial tsunami has been borne by investors who suffered great losses in the stock and financial derivative markets. Of them, Lehman mini-bond investors aroused most concern, although the losses suffered by people who brought stocks during the peak of the hang seng index last year have been no less than that suffered by the lehman mini-bond investors. On Monday, the HIS fell 1600 points, losing 15 trillion in market value over last year’s high. It involved the capital of many small investors. Even citizens who have not directly traded in stocks but who hold mandatory provident funds and childern’s educational funds will find that their wealth has diminished considerably. At the beginning of the financial storm, small investors suffered losses and they still had hopes of regaining their money. But the stock market continued to fall. Until the financial tsunami this month, the HIS had dropped more than 60 percent from its historical high. Many of the stocks fell drastically. Even the traditionally strong good quality stocks suffered the same fate. Some small investors began to call it a bottomless abyss. They no longer wanted to regain their money. And they also didn’t want to continue to lose money, or lose a little more. Unfortunately, as they pull themselves out of the market, they are paying for their expensive lessons. In the 70s, the HSI dropped by more than 90 percent, from 1700 points to a little over 100 points, turning stocks into wall paper. The fall made some small investors commit suicide. Although the current financial tsunami is not as severe, it has been an in the number of people emotionally disturbed by their financial losses. Those who called the hotline for help include the middle class and owners of small-and medium-sized enterprises. Some have even lost the savings of their family members. These pesple are neither professional speculators nor gamblers, and yet the effects of the financial crisis have spread to them, causing family and social troubles. Sign of life after destruction Sign of life after destruction Compared to the SARS period five years ago, the current crisis has hit the middle class much harder than it has the grassroots. The spate of closures caused by the shrinking market and the credit crunch in banking under the financial tsunami has created unemployment, which will in future affect people. When credit freezes up at the year end, enterprises will find the rest of the year especially hard to pass. If the conditions worsened with rising unemployment and shrinking job opportunities, everything can go wrong for the poor couple. Family disputes and violence may rise. How to cite Do not lose family in times of unemployment and finalcial loss, Essays

Cult of Domesticity free essay sample

Securing the 19th Century Woman in the Home During the Antebellum age of America, new values and ideals began to arise. These ideals were reflected in the households of middle class citizens and grouped together to create the Cult of Domesticity. The cult helped form the foundation of female inferiority in the male dominated society. As slaves to the home, women were to uphold morals that were no longer relevant in the new industrialized world. The ideas that led to this treatment of women were drawn from religion, scientific studies, and the Industrial Revolution.The Cult of Domesticity was created to work effortlessly with the middle class, and was also known as the Perfect Family (Myth). Prior to the Industrial Revolution, families were dependent on every family member to provide for the household. Men, women, and children alike, would cook, clean, and take care of the entire property (Cowan, 16). However, the Middle Class family after the Industrial Revolution consisted of a single wage earning father and a mother that stayed at home maintaining the household and the children, in a home isolated from the rest of society (Unusual, 1). In l felt a funeral in my brain, Dickinson writes And I and silence some strange race/ wrecked, solitary, here (15-16).This is a prime example of the solidarity that held her captive and caused her descent into madness. Her poem is a cry out for help, but being the submissive woman she was supposed to be, she hid away her feelings while still acting weak and inferior. Another example of submissiveness can be taken from her poem This is my letter to the World. It starts off This is my letter to the world/ That never wrote to Me (Dickinson 1-2). She is again crying out against the unfairness that the world never wrote to her, or acknowledged her because of her sex. As a woman she was instantly in the shadow of a man and therefore did not matter. From These are the days when the Birds come back, Dickinson wrote Thy consecrated bread to take/ and thin immortal wine! (17-18). Her allusion to the Holy Sacrament of the Eucharist enforces piety. Women needed to always act as the handmaidens of God, to repent for the sins of Eve in the Old Testament. Religion was a big enforcer of a womans quiet way of life and acted as something to occupy their time at home with. Emily Dickinson struggle with society expectations is greatly shown through her poetry.Dickinson many poems were great in number, but creates only one part of the perspective from a woman about the Cult of Domesticity. In Kate Chopping Story of an Hour, young Mrs.. Brenner Mallard discovers the news of her husbands death. Once the shock and grief wear off, she comes to an important realization. free! Body and soul free! (Chopin 2). Louise finally is free, without her husbands name bearing down on her and out of the clutches of domesticity. She no longer needs to act like the perfect wife at home, constantly taking care Of the house and looking after her husbands every need. She can live for herself like she always wanted. There would be no powerful will bending hers (Chopin 2), and she would no longer be the victim of submissiveness. Her husband no longer had the superior power, which all men were granted at the time of birth, to control and dictate her every move to the point where she was just like a small child that needed guidance and direction. But, in the end her joy is all for naught. Brenner is not dead. And Mrs.. Mallard, when receiving the news of his return, diets] of heart disease (Chopin 2).The thought of being pushed into that submissive state of Ewing that she had just escaped from ultimately caused her premature death. Chopping character Louise was a lot like the narrator of Charlotte Perkins Sailings The Yellow Wallpaper in regards to their relationship with overpowering husbands. John laughs at me of course, but one expects that in a marriage (Gillian 1). The narrator acts with submissiveness as she accepts that she is inferior to her husband, he is always right, and she is just the silly woman. She feels she must take his lead and constantly follow because that is how society wants her to feel.Her opinion does not matter at all, and she even states outright l dont like our room a bit (Gillian 2). She detests the room, with its ugly, yellow wallpaper and barred windows, but since her husband says it is the best place for her she just, once again, accepts it and does not say another word on the subject. The room she would like to sleep in was prettier and airier. But John said that there was only one window and not room for two beds (Gillian 2). This not only reinforces her submissiveness, but also her purity as a woman. The narrator, though married and a mother, sleeps in a different bed from her husband.This is not to keep her gift safe anymore, but to keep from tempting him and to guarantee the rest she needs to recover from her anxiety. Emily Dickinson, Kate Chopin, and Charlotte Perkins Gillian were all talented writers and advocates in their own ways for the struggles of women with the Cult of Domesticity in the sasss. Each accomplished a way to present a light into the minds of the women who were being suffocated by the mens superiority. Emily Dickinson created poems full of solemn and even remorseful moods that mirrored depression and repression that women felt cause of society expectations.Kate Chopin and Charlotte Perkins Gillian created characters that not only used the same suffocating repression, but empowered their women by taking the men out of the equation. Only then were their characters given a chance; Louise without Brenner and a small taste of freedom, and the narrators ability to finally creep along the room in peace when John faints. The Cult of Domesticity was a cause for womens repression but also their strength and growing stand to the unfairness of the treatment they were being dealt for so long.