Fundamentals Of Macroeconomics And Economic Performance Essay

Fundamentals of Macroeconomics David Smith Eco 372 September 29, 2014 JOSEPH COMPTON Fundamentals of Macroeconomics Every country produces various goods and services. Gross domestic product (GDP) is one of the indicators that display the country’s economic performance. Three approaches are used in the determination of GDP. They include: income approach, expenditure approach, and the product approach. GDP can be referred to as real or nominal GDP (Colander, 2010). When GDP is calculated without putting into consideration inflation factor, then it is referred to as nominal GDP. Adjusting the GDP by taking into consideration the inflation factor, real GDP is arrived at. As a result of the inflation factor, nominal GDP appears higher than real GDP. Unemployment is an indicator of a falling economy. At any given period of time, any economy has a number of people who are unemployed and are actively seeking a paid job. This percentage of the workforce is what is known as unemployment rate. A rising unemployment rate is a cause for alarm because it signifies no promising signs for the economy. The effect is that interest rates decrease as well as inflation rate. A general rise in the average price of goods and services in an economy is referred to as inflation. It is measured as a percentage. A high rate of inflation is an indicator that the economy is growing. There is an increase in GDP and a decrease in unemployment rate. On the other hand, aShow MoreRelatedScience Of Economics By Neuroscientist Marco Iacaboni1074 Words   |  5 Pages4. Mirror neurons are a major component in brain functioning, and thus it gives them a primary role in pscyho-economic reasoning. Their integral nature in decision-making produces various outlying effects like contagion and feeds into instinctual behaviors such as confidence. The neurons, which were popularized within the field of economics by neuroscientist Marco Iacaboni, have since played a big role in discerning group dynamics. Mirror neurons themselves are a pivotal factor in bridgingRead MoreNarrative Interview : The Global Economic Climate During The 2008 Global Financial Crisis ( Gfc )1083 Words   |  5 Pagesassignment_45181403 For this in-depth interview, I have selected my father, James Trainor as the ideal candidate to provide a comprehensive recount of the global economic climate during the 2008 Global Financial Crisis (GFC). And how his experiences of economic fluctuations and policies during the GFC changed his perspectives and understandings of macroeconomic decisions, as well as their effects on the modern world. 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To ensure macroeconomic stability, fiscal policy, which is the usage of government expenditures and taxes, and monetary policy, which is the changing of interest rates and quantity of money in the economy, and supply-side policies, that look into the strengthening the production capabilities of companies, have to be implementedRead MoreHedge Funds : Hedge Fund1628 Words   |  7 Pagesanalysed the performance of hedge funds from different perspectives and implied the necessity of further researches on hedge funds’ capital adequacy. In 2000, Fung and Hsieh used a mean-variance approach to study hedge fund exposures in some major market events. They analysed hedge fund performance during turbulent market times. But due to limitations of their research methodology, they found no obvious evidence that hedge funds would cause market prices to deviate from economic fundamentals. JorionRead MorePersonal Finance959 Words   |  4 Pagessolutions manual and test bank labor relations: striking a balance 4th edition by john budd solutions manual and test bank Machine elements in mechanical design, 4/e robert l. Mott solutions manual Macroeconomics 10e - slavin – solutions manual and test bank for 9780073511429, mcgraw-hill Macroeconomics, 8/e solutions manual and test bank by andrew b. Abel, Management a practical introduction 5e angelo kinicki solutions manual Management information systems - ken laudon (13th ed) solutions manualRead MoreRelationship Between Gold, Oil and Us Stock Market1600 Words   |  7 Pagesstock market. I chose gold because gold is considered as the universal commodity and an investment tool. Gold is a global currency and hedge against inflation and other currencies because it is a stable commodity so it has a direct impact on the performance of the stock market. The relationship between gold prices and stock market is expected to be positive which means as gold prices increase the stock prices are expected to be increase as well. Oil is also a factor that affect the stock market andRead MoreThe Monetary Policy Is The Rule Of The Interest Rate And Money Supply Of A Country957 Words   |  4 Pagesthe Central Bank or Federal Reserve, it is the regulation of the interest rate and money supply of a country. â€Å"The Bank’s monetary policy objective is to deliver price stability – low inflation – and, subject to that, to support the Government’s economic objectives including those for growth and employment. Price stability is defined by the Government’s inflation target of 2%† (Bank of England). One of the most influential econometrics tools to define monetary policy is the Taylor rule. â€Å"This ruleRead MoreThe Best Economic Environment for Inflation Targeting1113 Words   |  5 Pagesof the economic crisis. 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Barack Obama, “Dreams from My Father”. Free Essays

Being still young, Barack Obama started searching for society and reason, with the large function forms of the public rights movement. In his search he does well and deserves respect. He had a lot of abilities to set the connections with the society and this is told in his autobiography â€Å"Dreams from My Father†. We will write a custom essay sample on Barack Obama, â€Å"Dreams from My Father†. or any similar topic only for you Order Now The fame days of the public rights actions passed away when Obama receives a coordinating position in a needy district on Chicago’s South Side inundated by broken public lodgings, dying constructing occupations, and increasing misdeed. Obama decodes the bounds of their beginning situation. The community’s creator is a person who is not entirely respected by the society. Its primary partners are the Catholic Churches, which have unhealthy relations with their new Black worshippers. In Chicago the population has just chosen Harold Washington, the first Black foremost who is respected as a worship person, but whose benefaction is providing restricted advantages to the groups that voted for him. At the same time as Obama persistently fixes the vagueness and refinement of Black people, there are a couple of things where he doesn’t accept enough. When Obama began the coordinating job, one of the primary difficulties was the antipathy of the three women, who were irritated that the supervisor brought the young guy Obama has his own understanding, control and esteem, charm and empathy to believe in his achievement, but he doesn’t completely accept the advantages of the middle class viewpoint and male advantage that understood him as â€Å"in charge† and â€Å"going places. † When Obama decodes the supporting background, he creates individual links. He communicates with the three Black women who have some positions in the community, and gets acquainted with an odd, Catholic coordinator. He founds Kyle, the child of an assistant who is in risk to appear in difficult situation. One of the most touching places in the book is the place telling how Obama informs the community he is leaving to Harvard Law school, and gives his word to his acquaintances in the district that he’ll come. The combination of optimism, political insightfulness and individual links are the foundations of Obama’s political success. Works Cited Graff, E. J. â€Å"Dreams from My Father: A Story of Race and Inheritance. † The American Prospect 10 Sept. 2001: 42. How to cite Barack Obama, â€Å"Dreams from My Father†., Papers

Beverage and Food Management- Free-Samples for Students-Myassignment

Question: Provide a Brief review of the selected Food and Beverage Outlet and Identify its Current Menu Concept. Answer: Brief overview: Caffe Acqua is a very famous caf in Adelaide, South Australia. It is a very attractive and modern caf along with a pizzeria. The caf has recently completed 10 years of service and presently it has three outlets. This caf is famous for its beautiful entrance view and what makes people get more attracted to Caffe Acqua is their welcoming behavior but their food quality is actually not matched to the standards of the place. The maintaining of the place is properly done and the place is affordable and peaceful too but what makes customers distract is the waiting time for the food and the food quality. This is not an only issue that the customers have; they have an issue of the dining experience. Some customers complained about the taps of the washroom and some about the food quality, some about the chairs. Many customers find no big reason for the caf to open at 11 am when the shops around it open earlier. The overall view is not satisfactory and the menu and food quality needs improveme nt to stop them from closing down. There must be a change in the overall services of the caf to satisfy thee customers (Mahmud 2017). Menu review: The overall menu rating of this particular caf is acceptable but the caf needs better menu design and improve their food quality in order to grab the attraction of more customers as recently the customer rating for this caf is going down (Testa 2014). Many customers complained that the items that the caf has placed in their menu are not the same as the one they serve. Many also complained that they have changed the ingredients of the food and the taste is differing on a regular basis. Among all the dishes provided in the menu, the preferred one is the pizza, pasta and burgers. The customers review about the pizza and pasta does highlight the fact that the quality is good. It also highlights two more points and those are why does not the customers prefer any other items from the menu rather than pizza or pasta and secondly, what is the amount of nutritional value of the items that the customers are choosing. The first answer of the question also lies on the reviews of other customers given about the other items that clearly denote that the menu and the provided food differ from each other. The customers generally do not want to try any new dish of the caf, as they do not want to waste their money and time on the dishes that are not worth it. The nutritional value of the dishes, the cheese pasta that the caf serves has highly calorie and equal amount of fat (Yim, Lee and Kim 2014). The pizzas according to the flavors have different calorie density, which is actually not a nutritive meal. As the pizzas, pastas and burgers are highly coated with cheese and has meat, the cholesterol value of the food is also increased. Hence, it is very clear that the nutritional value even if the caf tries still cannot be managed and hence the caf should and must undergo a change so that it can be able to maintain the nutritional value in the food that they serve (Magnini and Kim 2016). The overall view of the menu is not very happening and nutritive one and clearly indicates that there is a need of change in the menu to provide the customers different items and attract their attention to each item equally. Below is a blue print of changed menu provided which will attract more customers to the caf and thus the standards will be equally maintained. Redesigned menu blueprint: (Source: Hou Yang, and Sun 2017). References: Beijbom, O., Joshi, N., Morris, D., Saponas, S. and Khullar, S., 2015, January. Menu-match: restaurant-specific food logging from images. InApplications of Computer Vision (WACV), 2015 IEEE Winter Conference on(pp. 844-851). IEEE. Filimonau, V. and Krivcova, M., 2017. Restaurant menu design and more responsible consumer food choice: An exploratory study of managerial perceptions.Journal of Cleaner Production,143, pp.516-527. Hou, Y., Yang, W. and Sun, Y., 2017. Do pictures help? The effects of pictures and food names on menu evaluations.International Journal of Hospitality Management,60, pp.94-103. Jimenez-Chavez, R., Connors, P. and Josiam, B., 2016. The influence of organic labeling and price on restaurant menu choice.Journal of Nutrition Education and Behavior,48(7), p.S105. Magnini, V.P. and Kim, S., 2016. The influences of restaurant menu font style, background color, and physical weight on consumers perceptions.International Journal of Hospitality Management,53, pp.42-48. Mahmud, T.U., 2017. Inbound marketing for small business such as restaurant and cafe. Ozdemir, B. and Caliskan, O., 2014. A review of literature on restaurant menus: Specifying the managerial issues.International Journal of Gastronomy and Food Science,2(1), pp.3-13. Ozdemir, B. and Caliskan, O., 2015. Menu design: A review of literature.Journal of Foodservice Business Research,18(3), pp.189-206. Scozzafava, G., Contini, C., Romano, C. and Casini, L., 2017. Eating out: which restaurant to choose?.British Food Journal, (just-accepted), pp.00-00. Testa, M., 2014. HTM 340: Introduction to Restaurant Management. Wansink, B. and Love, K., 2014. Slim by design: Menu strategies for promoting high-margin, healthy foods.International Journal of Hospitality Management,42, pp.137-143. Yim, E.S., Lee, S. and Kim, W.G., 2014. Determinants of a restaurant average meal price: An application of the hedonic pricing model.International Journal of Hospitality Management,39, pp.11-20.