Government Inefficiency and Policy Implications of Economic Research Essay

Government Inefficiency and Policy Implications of Economic Research - Essay Example Sections 861(b) and 862(b) state generally how to determine taxable income for a taxpayer with income sources within or without the United States after such source has been determined. Regulation 1.861-8 provides more information on allocating state and local taxes to U.S. - and foreign-source income (Kozub 2010, p.1). In return, we could see the effects of taxes in our country thru, for example, roads for better accessory of goods coming from farm to local markets and for better transportation; public schools to ensure the education of our children and our children’s children; and public funds to support and aid the citizens in terms of calamities and unforeseen disasters. Well, these are good aspects of tax in our society in which it ensures a good future for us and for the next generation. What seem to be erroneous so to speak now are the urge of the government and the abuse in the use of tax. We all know that the government highly depends upon its citizen’s support to make its substructure work. In the article made by Crane (2010, p.1), she criticized and questions the imposition of tax to the extent that everything that people do, the government will levy tax. It is also shown in her article the question on blurred distinction between income tax and property tax wherein the so-called right to jus fruendi or the right to use the fruit of the property is assumed to be just a constitutional right that is vested upon the citizens because of the unclear dissimilarity of the property and income tax. She made use of the farm, being a property as an example wherein â€Å"If the value of an asset that one assessor claimed had arisen in any one year, perhaps when the crops were first harvested, could be taxed again in another year (simply because that first year's base was used again as the measure of the tax), and then again when the value was transformed into a security, and then again when that security was transformed into cash, what was the diffe rence between a property tax and an income tax?† (1). Issues and Problems on taxes What I want to raise here as an issue would be the redundancy of the taxes that are being imposed on the citizens. The government is now being misunderstood because instead of him intervening in the affairs of the people, it is now the people intervening in the affairs of the government and making profit out of it. Thus, people discover the government not as a privileged position to serve the people, but rather, as a situation and a place of income, using the money of its citizens. As a result, heavy taxes are levied and other forms of it are implemented to gain more income, having in mind that the people could not resist it because it is mandated by the law. Moreover, the espousal of income taxes did not inevitably flow from economic forces, but rather was conditioned by social and political power and complex historical processes (Mehrotra 2010, p.1). History will show us that these kind of tax is a by-product of the excessive expenditure of the government in wars that they are engaged to or the destruction incurred are in large scale. They put the burden to the people to restore the economic power of the state, therefore, making the government to be financially strong again in the international arena because state and the government can hardly be distinguished nor separated. The government dictates what the people should do in

Certain community Essay Example for Free

Certain community Essay Nowadays people in the universe evolved in certain ways in which changes surrounded every single minute of life breathing. As we all live our life everyday, we are in the process of storing experiences which in fact such information about each single interaction that was made in the universe was stored in our mind to provide learning. Storing information had the wider and essential coordination with learning. The things that we encounter each day which are consider the information that will become as an experience later. It is really mysterious though, how the human mind works, and how does the storing of information goes, and indeed that explains how crucial and unfathomable the exploration in dealing learning process. Where did it start? Lets try to imagine how we are when were little kiddos, we really can’t recall the things that we used to do then, that gives us the significance of who we are when grown ups. We all came from our mother’s womb and as we have given the time to see the real world and explore it, different things had shape each personalities that made us of who we are right now. Each of us had cross the path in which our mind is crafted in every level of life changing structure where in to. The process that was made when we see the magnificent world of today and was able to discover what’s the purpose of life out in this real world and as personalities is being shape; this definitely involves information in which we stored, that will mold us in to personalities we are able to become later on. Dealing with changes is information storage, which gives us the opportunities for experiences that are meaningful. The information that we learned is being reproduced for the gaining of substantial knowledge and wisdom. How about Today? Today there were rapid growths of learners who seek for more information, in order to evaluate and acquire, then use the information in more effective manner. There must be literacy skills among personalities in the society. It means that a person should have the initiative to solve problem when arises, decisions are made easier, critical and cooperative learning to pass all life’s challenges. In which every person is being trained in dealing with the societies uncertainties. There are massive forms of information stored, but learners are the captain of their minds as they go along with it. Effectiveness of the stored information is based on how uniquely each individual performs in learning, and how they are able to deal in handling situations. So what will be tomorrow? As of the present time were technologies are being introduce. That offers greater help to the humankind in storing information in the small span of time, many had believed that it’s a great help in achieving greater knowledge in the world today. Technologies are the visualization of an improved and modernized society in which tasks are now made easier and performances are made faster. Developments are now engage by sustaining the society with technologies that can provide broader and wider source of knowledge in which skills are dignified and establish in the required time. And what’s the fuzz? Technologies though had a great help in developing one’s skills, but there must be of proper care. Everyone must rely not on that, alone, it may shortened the time frame of a given task but we must be reminded that technologies are created by the human mind, it is invented, but look at the inner source, it’s the mind of a human that was put into a material to produce certain information. Everyone of us had the mind to produce technologies, but lets always keep this in mind that technologies are just machines in which quality relies on the makers and producers, in either ways in due time it will not give its purpose anymore. I do believe personally that the greatest machine is the one who made it which is our mind. Regardless of what races where raised to, and in which class we belong, surely we are given the mind of its own, capable of doing magnificent things in which we hold further as we embrace the only constant thing in life and that is changes. It’s up to us if we share or not, that enough information that will make source of an introduce technology. In which way or another we hold it as long as we still live in this world. The Impact of New Technologies The impact of new technologies in information skills especially in business is often contemplated by the variety of reasons. One thing is that it is the fastest way of communication in sharing information from one respondent to another. It is believe that these technologies will improve capabilities in an organization. However, in business there is some sort of reconsideration for the fact that it may share information’s to other sectors, that would somehow exploit it, but shared information of new technologies will always been accompanied by remedial actions of the manufacturer itself, it just need to be properly care and all important tools for the information stored will not be exploit. We belong to the fast changing world and new technologies as it is widely spread nowadays will help us improve and achieve success but only if we take precautious methods in using it. It is also helpful in joining the globalization just for the fact that globalization is for improving and fast variety of development in a certain community. New technologies will always be part of globalization it is good to cope for that matter as for businesses concerns as long as we take note of possible circumstances in indulging globalization with new technologies, proper care and guidelines of newly introduced technologies will certainly rises us from our sets, only if handled with knowledge and wisdom in those aspect.

The Film Schindlers List versus Novel Schindlers Ark Essay -- Holoca

Schindler's List The film Schindler’s List has a tendency to simplify and sentimentalize the character Oskar Schindler compared to the novel Schindler’s Ark in which the film is based on. The film Schindler’s List lacks depth and understanding of the character Oskar Schindler, and tends to over dramatize events within the film in which Oskar Schindler is responsible for. The novel Schindler’s Ark begins its in-depth documentary story with the earlier life of Oskar Schindler. The novel describes his family life in the Austro-Hungarian Empire and his rebellious teenage years in the newly created state of Czechoslovakia. The novel informs the reader of Oskar Schindler’s relationship with his father and how his father abandoned Oskar’s mother, in which Oskar never forgave his father for leaving his mother alone. This information of how Oskar Schindler became to be how he is, is all significantly missed with Schindler’s List, Because it gives the viewer a whole outlook of Oskar Schindler and a better understanding of the ...

The Most Important Decision of My Life

The Most Important Decision of My Life. During the course of our lifetimes we make many  significant and difficult choices that affect us. These  choices affect our personal and professional lives. Therefore, we make these choices with much thought and  care. One of the most difficult and important decisions I  have made was deciding whether to keep studying Engineer or definitely change to English Teaching, a career that always caught my attention.The question was brought up by my dad, he knew that I wasn’t completely happy studying Engineering and after a delicate period of my life he wanted me to be content and fulfilled. Thus, I chose to become a  teacher. It is important to have a career that is satisfying,  and that would allow for helping others achieve their goals. Luckily for me, it’s panned out. I feel much more comfortable now and even though there was a lot of pressure on me I could cope well with it.Besides, entering this career gave me the chan ce to meet new people that have played an important role in my life in the last 3 years. I wonder if my life would be any different now had I made a different choice. I suppose I would be graduated and working in a factory surrounded by machines and boring people and that’s definitely what I don’t want for my future life. If you ask me to make the decision once again, my answer would still remain the same, because I am happy with my present conditions!

Gender Inequality Essay

In the 21st century women are more educated and powerful than they have ever been. They are integrated into every work sector, from labour intensive jobs, middle class jobs up to the highest professional engineering, medical, legal and political positions. However, there still remain high gender inequalities within the workplace, which will be covered in this report through several articles and studies in respects to top management positions and payments imbalance. As gender inequality is not a specific event rather a continuously forming process from the beginning of the humanity until present day, and beyond that. To understand the current state of affairs we have to firstly talk about the processes which have occurred during the past. Historic context: Several studies talk about the division of labour between men and women already in the prehistory. All the evidence shows that from the very beginning, women had the simpler and easier jobs, which was manifested in fruits, eggs and berry gathering, while men had the more dangerous and intensive duties such as hunting and fishing. The subordinate role of women had already appeared in that time. According to anthropologists, the nomadic lifestyle continues as hordes’ communities, women had the role of carrying the pickings, while men were waiting for any attacks from outside the community. As women were not able to protect themselves while carrying the foods, men became the protectors of the community. Although there were some warrior women, who were called â€Å"amazons†, they still are physically weaker. As race preservation is a function of women, when they became pregnant they were not able to support both the community and their duties together, within the hordes eyes, they were considered of no significant importance and the infants and young children worsened this situation. They had to be supported (fed, protected) which slowed down the community, but in the same time until a certain age the horde had no important role for them. However the prehistoric humans had no knowledge about the biology of insemination, therefore they considered the pregnancy as a magical wonder. This is evidenced by the first artworks, for example the female statues which they highlighted the body parts referring to fertility, of which the best known is the Venus of Willendorf. Nevertheless after time they have realised that, the participation of men is also necessary to fertilization and women lost the surrounding admiration, therefore they became even more subordinated. Later in history, several communities with the emergence of the ancient slavery society and monogamy had become widespread. All the men could have only one wife yet posses several bond slaves. Women could have sexual relationship, only with their husbands. If they breached this rule it had serious consequences. Men regarded not only their slave women as their property, but also the female members of the family, over whom men controlled absolute power. In the early feudalism era, the Church had said women cannot be equal to men, as God created Adam first from his own image and only after this created Eve from the ‘rest of the materials’. Women have been created for men, and not inversely. Further more women have to consider their husbands as God. In the middle Ages children had been socially educated to respect their fathers more than their mothers. The male children, from a certain age received adult rights, to treat their mothers and sisters in the same manner as their fathers. They thought women had to been given constraints and rules, as Eve was who anathematized the humanity, so women had to be chastised for it. Men had to penalize women as a duty, even if it was associated with pain. The only rule which was accepted was that the woman could not die. In the 17th century in America, woman took taking care of their families an important responsibility. Women and men were working together on their agricultural lands. While they catered their families, they also worked on markets, where they could sell the remaining crops or some weaved clothes, thus they earned some respect. Women and men have shared not only the jobs, but also the wages. In the 18th century, as the economy has shifted from the agriculture to the industrial economy the world of home and work had got totally separated. Women were forced back to their homes and lost all their social respect. With the occurrence of industrialization, the role of women focused on the duties around the house, or they became industrial workers, for much smaller salary though, as women were treated as inferiority. The most terrible situation was in the lead industry. They have not used protective equipment; therefore lead poisoning was a very frequent workers disease. Women were afflicted by death, poisoning, paralysis; their children were still-born many times. At the beginning of the 19th century women were ignominiously exploited. Their wages were not enough even for their basic needs. A survey in 1889-93 shows that in France a workwoman received half of that wage, what a workman received for the same work hours. In 1918 women’s salary is half of the men’s in America. The women’s wages rose between 1911 and 1945, although they were less than men’s wages. At the beginning of capitalism, new work opportunities appeared. Women occupied the agriculture, the industry, the trading, the banks, the insurance companies, the offices and the freelance positions. This process accelerated the unemployment during the 1st and 2nd world war, worldwide. Emancipation in the UK: The sequences of events are roughly the same in many western countries. In some enlightened states (e. g. New-Zealand, Australia, Finland and Norway) women received franchises before the 1st world war. In other countries, struggles have started, but nowhere were as dramatic as in England. In 1903 Emmeline Pankhurst got to the edge of the movement fighting for women’s right to vote. These suffrages interrupted political meetings, chained themselves to fences and were sent to prison as they were not willing to pay any financial penalty. When the 1st world war broke out, most of the suffrages suspended the fights, and the women who filled in the jobs (instead of the fighting men) coped successfully. This allowed women voting rights from the government, by destroying the stigma surrounding women’s inequality instead of facing the movement again. After the war the US and several European countries undertook similar reforms. Another movement inspired from the UK was created called â€Å"Woman’s Lib for life† created in the US back in 1960s which spread through Europe. This ideology was called â€Å"feminism†. Feminism talks about gender equality, but also about sexual abuse, rape and abortion. Feminists succeeded to reach equal opportunities in political, legal, demographical, educational and employment rights. Nevertheless the practical applications of the laws often meet difficulties, even if their enforcements create special executive and examiner bodies. In many parts of the world, women’s most elementary rights are still missing, in many societies they cannot even choose their spouse. In present days, in the most enlightened countries such as the UK, the distance between females and males in employment decreased significantly, but still women face forms of discrimination. Present: In our days, more and more women take part in higher education. After graduation they try to find a job, build their career what they have to interrupt as their biological clocks are ticking and near their career plans they don’t want to give up building a family. During their pregnancy normally they become less capable to cater their work in full-time. After their pregnancy they have the right to take a maternity leave with the thought of they can return to their job without any discrimination. However, this is not so simple. In the 21st century as in most of the tolerant countries, as in the UK the unequal and inequitable treatment of employees on the basis of gender i. e. sex discrimination in workplace is illegal. If it can be proved by the employee, the employer could probably face a serious penalty. Discrimination can be classified in two ways. One of them is based on suffered disadvantage e. g. nequal payment, discrimination because of pregnancy or maternity leave, inequality in the scale of employment and different treatment and progress opportunities within workplace. Direct and indirect discrimination: The other classification group divides discrimination according to insulted party as an individual (direct), or a specific target group (indirect). Direct discrimination is â€Å"where an employee or prospective employee is less favourably treated because of their race, sex, marital status (including civil partnerships), religion, sexual orientation, gender reassignment, age, disability, pregnancy or maternity† (CompactLaw, 1996-2013). As it revealed from the most recent article from the Guardian about sexual discrimination â€Å"women are suffering escalating levels of illegal discrimination at work when they get pregnant, and are often made redundant while they are on maternity leave, according to a new poll. The figures show one in seven of the women surveyed had lost their job while on maternity leave; 40% said their jobs had changed by the time they returned, with half reporting a cut in hours or demotion. More than a tenth had been replaced in their jobs by the person who had covered their maternity leave† (Tracey McVeigh, 2013). Indirect discrimination is often less obvious. Sometimes, a policy, rule or practice seems fair because it applies to everyone equally, but a closer look shows that some people are being treated unfairly. This is because some people or groups of people are unable or less able to comply with the rule or are disadvantaged because of it. If this policy or practice is ‘not r easonable’, it may be indirect discrimination† (Anti-Discrimination Commission Queensland 2007) One of the most famous indirect cases associated with one of the largest companies in the US being the Wal-Mart Stores. Wal-Mart had a case which started in 2000, when Betty Dukes, a Wal-Mart worker from California, claimed sex discrimination because of gender discrimination in pay and promotion policies and practices. During the negotiations almost 2000 women joined Betty, representing about 1. 5M women. On 20th of June, 2011, the Supreme Court finally closed the negotiations in Wal-Mart’s favour, as the unequal treatment was not clearly proved. On the other side employers and managers have to be very guarded and deliberate to avoid discrimination and promote equality. There are several details which have to be kept in the front view of management.

CHAPTER 31 Essays - Communication, News, Sociology Of Knowledge

CHAPTER 31 Essays - Communication, News, Sociology Of Knowledge CHAPTER 31 ECONOMIC, SOCIAL , AND CULTURAL CHANGE IN THE LATE 20TH CENTURY Chapter Outline I.A Changing People A.An Aging, Shifting Population B.The New Immigration C.The Metropolitan Nation II.Economic Transformation A.New Technologies B.Changes in the Structure and Operations of Business C.The Financial Sector D.The Sports-Entertainment Industry III.Culture and Media A.The Video Revolution B.Hollywood C.The Changing Media Environment for Pop Music D.New Mass Culture Debates E.The Religious Landscape Chronology 1971Starbucks Coffee opens first store 1972Congress passes Title IX (Patsy Mink Equal Opportunity in Education Act) 1973Federal Express opens for business 1977Congress passes Community Reinvestment Act 1978Supreme Court decision frees banks to relocate credit-card operations 1979ESPN joins cable-TV lineup 1981MTV and CNN debut on cable TV 1982Congress relaxes regulations of SLs 1986Congress passes Immigration Reform and Control Act 1987Prices crash on New York Stock Exchange and then rebound 1988Fox television network begins 1989Congress enacts bailout plan for SL industry 1990Congress passes another Immigration Act 1991First McDonalds opens in Moscow 1995Amazon.com begins selling books online 1996Fox News Network debut 2000Human Genome Project issues preliminary draft Lecture Outline 1.The United States has always been a changing people and its population demographics since 1980 reflect the continuation of this condition. a.Declining birth rates, rising life expectancy, and a desire for warmer climates combined to produce an aging, shifting population. b.The Sunbelt also proved attractive to a large percentage of the new immigration from Latin America and Asia. c.Continued flight of businesses and individuals to the suburbs has brought transformation and crisis to the metropolitan nation. 2.The surge in available consumer goods and new technologies would create profound economic transformations in the nation. a.The adoption of personal computers and the rise of "virtual" sources of information is perhaps the more obvious of the new technologies that spurred an information revolution in the nation. b.Computerization leads the way in massive changes in the structure and operations of business as new methods of large-scale global business operations and online companies come to dominate much of the corporate world. c.The financial sector experienced great changes as a result of the information revolution because computers allowed complex trades on an international scale to become routine. d.Enriched by new, larger media contracts and clever marketing of individual athletes and teams, the sports-entertainment industry steadily grew. This growth was furthered with advent of the all-sports network, ESPN. 3.Technological change has dramatically transformed popular culture and media. a.The video revolution, which allowed viewers the option to "record now, watch later," coupled with the explosive growth in the number of "niche" cable stations, brought a steady decline in the overall viewership of network television. b.In Hollywood, since the 1970s, the television and movie industry shifted programming priorities in an effort to attract younger viewers. A focus on big budget, "blockbuster" movies reduces the overall number of films produced, whereas the advent of DVDs created a new revenue stream of film companies outside of the theater. c.The changing media environment for pop music during the 1980s saw the rise of cable television and new technologies such as CDs for music. The ability of consumers to use blank CDs to make high-quality home recordings created a new challenge of bootlegging within the industry. d.The media revolution, with its multitude of channels competing for attention with increasing sensationalism and "sound-bites," sparked a new mass-culture debate spearheaded by those who argued for scholarly contemplation of popular culture. e.Since the 1960s, the religious landscape had undergone profound changes because the interest and diversity of faith intensified. Many immigrants arrived with strong beliefs, including the nation's first significant Islamic movement, while groups such as Protestants and Mormons grew at rates faster than the general population. Conclusion: During the past quarter-century, the United States has experienced sweeping changes in demographics, economics, culture, and society. The most prominent development in American popular culture was the proliferation of the video screen.

Gwen Harwood Critical Study Essay Example

Gwen Harwood Critical Study Essay Example Gwen Harwood Critical Study Paper Gwen Harwood Critical Study Paper An Australian poet who, seems to develop an imaginative, rich form of poetry through the use of recurring themes. Complex language techniques and even further through the use of sophisticated structures only seen in the most prestigious of poems in the modern era. Gwen Hardwood has a tendency to write poetry that is significant in all eras, cultures and/or societies of the world as she captures, and develops them Into a strong universal theme that recurs strongly. These themes seem to endure, and portray the human experience by relating these in forms that resonate through a range of various environments; these poems have n immense structural integrity. These themes are depicted powerfully in poems such as; Father and Child, Violets the 2 poems that I have chosen to discuss In this speech. In the Father and child, It has a unique structure of 2 parts; the 1st (Barn Owl) discusses her loss of innocence in the daughters perspective in the past, the second part (Nightfall) Being the downfall to her father, how he is put in an degenerative state, slowly falling to his demise. : This is to do with Gwen accepting the Inevitability of her fathers death. These 2 poems can be read symbiotically in a dual tauter to provide further insight into both their poems, or separately as a poem. The language in the first poem is quite unique. It highlights the use of very simple words, with little complexity, this can be interpreted to show the innocence that the child still possesses, as children (better yet an Innocent child) are meant to speak with less complexity than a full grown adult. These sentences also tend to be monosyllabic. l knew my prize, who swooped home at this hour are all monosyllabic. As the poem continues, especially after the owl is shot, the childs vocabulary seems to improve in impolitely, losing Its monosyllabic nature. This can symbolize the loss of Innocence that the child had experienced by killing the owl senselessly. Gwen also uses many biblical allusions in this poem. One portraying the child, in an evil fashion, maybe even demonically. A horny fiend, I crept. This image is then juxtaposed by the line a child/Obedient, angel-mild. This shows that she Is generally a good person but she has the potential to commit evil act. Just as eve; from the biblical story of Adam and Eve. She reinforces the idea of her father being God, and eve going behind her father o seek power, Just as Eve did when she bit into the apple for intelligence. As the owl Is also considered to be symbolically wise, it can be interpreted that the owl is also the fruit from the forbidden tree as In the story of Adam and Eve. The snake (Satan). Convinces Eve to eat from the tree, as it would make her eternally wise; which would allow her to grow in power, Just as the child had believed that killing the owl would allow her to grow in power. The poem seems to also state that she is the master of life and death and she Isnt referred to as a mistress, In a literal sense, It refers to her s a male, even though she is a female. This helps promote the idea that she losses some of her femininity. The second part to the poem also refers to it as nightfall this creates significance by also further enticing the idea that her father is slowly passing away and that she realizes that there Is not much time left. These themes combined all portray the idea of a recurring theme, the recurring theme that has made this poem so influential through many generations and views, a theme that resides in all 1 OFF The violets is the triggering of a memory after the subtle act of picking up a violet. This poems language structure is quite unique, it utilizes going from the present to past tense repetitively recollecting past experience the user has been through continuously making further sense of the present. The memories that are conjured are of happiness, she does develop a feeling of change or emptiness, further enhancing the recurring theme of loss. The reader uses 1st person to fully capture the personality of the experience she writes about. As the writer has lost these experience in the present day, she still has vivid memory of the past, in which she wishes to keep secure this is shown in the line frail melancholy flowers as the lowers is what triggered the memory, she refers to them as frail, that can be easily damaged, this is why she wishes for the security of them. She is afraid of the loss of these memories. Wheres morning gone? Is a line that further emphasizes her innocence, or in the bigger picture; her loss of innocence. As a child she asks, Wheres morning gone personifying time, or the morning. Instead of simply understanding, the fact that she has slept her way through the day. This can also refer to the interpretation that she feels as if she had metaphorically slept her way wrought life, but it can also be interpreted as the loss of innocence, as she had Just let her childhood float away. By revisiting this memory, the child persona further establishes the inevitability of death, Just as she had done in Father and Child She realizes that time will not stop for anybody, this can be depicted by the line Years cannot move Gwen Hardwood, as recently stated uses these recurring themes and language techniques to create structurally sounds poems that resonate throughout various societies and shall continue to by the consistent use of universal themes. Thank you.

English Composition Writing Tips How to Make Yours Paper Truly Awesome

English Composition Writing Tips How to Make Yours Paper Truly Awesome English Composition Writing Tips: How to Make Yours Paper Truly Awesome Would you like to upgrade your English composition writing skills? If so, this composition writing guide can help. Before you begin to write the paper there is some work you will need to do ahead of time to make the process run smoothly. Begin with reading the assignment. I know that is stating the obvious, but we thought we should throw it out there as there are a great deal of assignments where this critical step is missed. Necessary Writing Exercises to Perform Beforehand Next, you can get out a notebook and begin writing. Not the actual composition, but just your thoughts about the paper. Think of it as a diary, it is for your eyes only, so write whatever you want. This is like a warm up before the big game because it gets your mind â€Å"worked out†. It also helps to spur ideas because you are writing without the constraints and requirements of the assignment in mind.   This is also a good time to try out a web diagram or cluster bubble where you place your topic or main idea in a circle in center of the paper and draw lines out to other bubbles and write ideas or observations. Later you can go back and connect related ideas with other lines or â€Å"webs†. Critical Elements: The Thesis and Outline The final thing you should do before you begin the actual writing is to draft an outline and write your thesis. This is where your diary writing will come in handy.   Use the main ideas and topic to fashion the outline. By this stage of the process you should have an idea of your thesis because you can not start writing without it. Your thesis is generally a summation of the point your essay is trying to make. The thesis should be specific and make a good topic for a discussion, in other words, an undecided issue or even a controversial point. Make Your Case Reread your thesis and consider the argument for your thesis. You will need to write about 5 paragraphs for each point your thesis makes. This is not a hard and fast rule, but a general guideline. You will need about 5 paragraphs to â€Å"prove† your thesis argument. Support Your Case Next consider your main points. You will need to substantiate your main points by using reasoning and proof. Proof may include the actions of the characters who are the subject of your book. Reasoning is your thought process or logic regarding how you formulated your main points. Remember, your thesis is your argument and you are trying to get the reader to see things your way.   If you come to this stage of writing and find that your thesis is too weak, stop and reformulate it. It is central to your essay so there must be a strong argument that you can back up. Rough Draft Revision Have someone read the rough draft and give feedback. You will need a fresh pair of eyes to see elements you may have missed. It is also a good idea to wait at least one day between the rough draft and revision, to give your mind time to marinate in the subject. This of course can only be done if time permits. Be open to making changes and consider the feedback given. Be sure to remove redundant sentences, clarify any confusing pieces and even consider eliminating the weakest points from the essay so it will be succinct and strong. Proofreading This goes without saying, but the final step should be proofreading the paper. You might also have another student proofread the paper and in exchange proofread theirs. As the saying goes, â€Å"Two heads are better than one†.

Europe Essay Example | Topics and Well Written Essays - 750 words

Europe - Essay Example Trading and buying products has always helped to fund Europe's economic development, and has allowed Europe to grow economically. The Greeks were the precursors to the Romans, and developed the Hellenistic culture after Alexander's conquering skills had brought Greek and Persia to helm. Rome later conquered Greece and venerated Greek culture as great. This respect cause Rome to share many of the same practices. Since Rome was the precursor to the European civilization, the respect for Greece flowed into Europe as time progressed, and Greece and Rome would be venerated as the cultures that started European civilization. 3. Discuss the differences between Northern and Southern Europe in terms of politics, economics, and social development. Do you see them as being very similar, somewhat similar, different, or quite different Why Northern and Southern Europe had somewhat of a different development overall. This could have a lot to do with climate as well as society. Politically, Southern Europe is usually considered more modern, although Northern Europe has certainly caught up with this impression. It can be stated that the North possibly had a slower development into modernization, but today both civilizations are fairly similar. Europe is a much olde... Europe has much more tradition in politics than the United States does. However, both have a focus on western civilizations and western political traditions that has to do with modernization and technology. The desire to take care of the world is at the foundation of both the US and Europe, bringing them together. 5. Do you think that Western Europe should be seen as one, unified region, sharing a common history, currency, and heritage, or does it make more sense to look at it as a mosaic of separate, unique entities that are only bound together by the landmass which they share Why I think that Europe can be seen as a unified region nowadays. Most Europeans speak several languages and understand each other's countries. Most Europeans wish to move toward a unionized concept-hence the creation of the European Union. The governments are democratic and fairly similar, as is the overall focus of the countries.

International Relations Research Paper Example | Topics and Well Written Essays - 250 words

International Relations - Research Paper Example Intergovernmental organizations are formed to address specific issues such as security, trade, the welfare of refugees and children, environmental conservation and management and food safety. These intergovernmental organizations engage nation-states to reach agreements, treaties and protocols that bind and which are crucial to solving some of the issues that characterize international relations. Multi-national corporations are large, wealthy, and it is impossible to deny their influence on the international stage. Multi-national corporations play a controversial role in many aspects of the foreign policy of nation-states, but their participation is considered good politics and business. Multinational corporations create many opportunities for employment and the huge profits they make increase the wealth of nations. Non-governmental organizations actively participate in international activities that are common to many nation-states. Non-governmental organizations tackle a variety of issues that include poverty, human rights, gun control and provision of education. Non-governmental organizations that address human right issues operate across nation-states and which focus on protecting human rights. Intergovernmental organizations, multi-national corporations, and non-governmental organizations have enhanced their influence in international activities, and it is impossible to ignore their participation blatantly. These three act as the thread that connects the nation-states of the world together.

Human Resource Management of Homecare Housing Essay

Human Resource Management of Homecare Housing - Essay Example The paper tells that Human Resource person is responsible to take care of the issues in order to offer major satisfaction to the workers. But at the same time small business establishments frequently don’t have the employees or the budget to appropriately handle the nitty-gritty elements of HR. Because of this, small business companies have increasingly outsourcing their HR requirements. But at the same time, HR, when relating to health care business, can be defined as the different types of medical and non-medical employees accountable for public and person health intervention. Here, Homecare Housing Association handles 20 units extend over south east England. This includes three ex-local authority old persons’ homes, 10 ex-local authority committee housing estates, and seven new purpose built particular requirements housing growths, mainly sheltered housing for the disabled. As a ‘Strategic Business Partner’ of the company it’s my duty to help the company to deal with the various issues faced by the company. One of the main issues faced by the company is that women handle only the certain positions, roles and particular department. So that it will affect the overall functioning of the Company. Over the last 12 years, the organization has developed from a small voluntary group running organization to two new housing developments employing approximately 600 people. Out of these, 60% of them are female and 40% are male. Majority of the workforce are women. So the women must ready to handle the duty of every department and ready to take care of all the activities. As a ‘Strategic Business Partner’, it my special duty to manage all these activities. The affiliation among health care and human resources is extremely complex, and it needs further examination and study. While examining health care schemes in a worldwide context, many universal human resources questions and issues occur. A number of the issues of greatest significance will be examined in detail further which consists of the composition, size and allocation of the health care employees, issues relating to workforce training, the immigration of health workforce, and the level of economic growth in a particular state and socio-demographic, environmental and cultural issues. The difference of size, allocation and composition inside state’s health care employees is of large concern. As I mentioned earlier, a Strategic business partner has certain duties and responsibilities to do. When studying in detail, I have talked and discussed with some employees and managers in the organization, when I have understood some issues being happened in Homecare Housing association. Some employees are not satisfied with current situations and some customers of this company are not satisfied with the service offered by the company. So it is my duty to study in detail about these problems and to solve these problems. For that, I would be discussing about the demands and problems of the work force in the company. In every organization the value for employee satisfaction should be high. Employees working in every organization should be treated in a descent manner; if the workforce is satisfied then only organizations can achieve their goals. So as a strategic business

For whom the bell tolls Hemingway Essay Example | Topics and Well Written Essays - 1000 words

For whom the bell tolls Hemingway - Essay Example He takes sides with the natives of Spain fighting against the Nationalist Generalissimo Francisco Franco. Robert Jordan leaves the comforts of his home and the safety of his career to face the challenges of guerilla life. The â€Å"pine needle floor of the forest† (1) is what he chooses when he leaves America, and all the dangers involved with guerilla warfare. A strong sense of duty compels him to make this choice. It is the result of his realization that the suffering of others is not something one can watch from the safety of one’s own home. Instead, it is a call for action to help alleviate the suffering if it is within one’s power. Every suffering individual is not someone different from each one of us, but we ourselves. This is the driving force that brings all the members of this guerilla band together. The intense comradeship felt among the guerillas is remarkable. This feeling reinforces the conviction of the individuals involved that no man is an I-land. The self does not come into concern. It is the others, the common cause that is of vital significance. The sense of belonging to the larger humanity than to a narrow, small group of people is the pervading feeling that binds the people together. The lack of modern machinery and the versatility, power and speed that comes with it are absent among the guerillas. Against the modern, well-equipped, powerful enemies, all that the guerilla group has is quite limited. A comparatively smaller number of people with real commitment, a few horses and some explosives – these are their only strongholds. But what gives them real strength is the intense companionship – the feeling that they are all one entity – for that matter all those in the whole world who are sympathetic towards them. The readiness to let go of themselves for the sake of the common cause, for the sake of others is the hallmark of the guerilla band. Robert Jordan and his elderly guide Auselmo are all geared to face

Arizona v. Gant (2009) Essay Example | Topics and Well Written Essays - 250 words

Arizona v. Gant (2009) - Essay Example The court ruled in favor of the defending and held that in the case of Arizona V. Gant the search conducted by police officials was wrong and it let to Gant’s deprivation of 4th Amendment Rights (Caselaw.lp.findlaw.com, 2015). The rationale behind the court’s ruling was that once the police have secured the suspects at the scene, the police officers cannot indulge in a search without a warrant. Furthermore the rationale was that the crime for which Gant was arrested was less severe in nature and did not require a search at all. The dissenting opinions were provided by Alito, Roberts, Kennedy and Breyer who argued that in this case the court was overruling its own solution that they opted for in the case of New York V. Belton. They argued that in that case the court allowed all officers to conduct a search in a suspect’s vehicle that has been stopped for violating traffic rules and same was the issue in Arizona V.

For whom the bell tolls Hemingway Essay Example | Topics and Well Written Essays - 1000 words

For whom the bell tolls Hemingway - Essay Example He takes sides with the natives of Spain fighting against the Nationalist Generalissimo Francisco Franco. Robert Jordan leaves the comforts of his home and the safety of his career to face the challenges of guerilla life. The â€Å"pine needle floor of the forest† (1) is what he chooses when he leaves America, and all the dangers involved with guerilla warfare. A strong sense of duty compels him to make this choice. It is the result of his realization that the suffering of others is not something one can watch from the safety of one’s own home. Instead, it is a call for action to help alleviate the suffering if it is within one’s power. Every suffering individual is not someone different from each one of us, but we ourselves. This is the driving force that brings all the members of this guerilla band together. The intense comradeship felt among the guerillas is remarkable. This feeling reinforces the conviction of the individuals involved that no man is an I-land. The self does not come into concern. It is the others, the common cause that is of vital significance. The sense of belonging to the larger humanity than to a narrow, small group of people is the pervading feeling that binds the people together. The lack of modern machinery and the versatility, power and speed that comes with it are absent among the guerillas. Against the modern, well-equipped, powerful enemies, all that the guerilla group has is quite limited. A comparatively smaller number of people with real commitment, a few horses and some explosives – these are their only strongholds. But what gives them real strength is the intense companionship – the feeling that they are all one entity – for that matter all those in the whole world who are sympathetic towards them. The readiness to let go of themselves for the sake of the common cause, for the sake of others is the hallmark of the guerilla band. Robert Jordan and his elderly guide Auselmo are all geared to face

Politics Essay Example | Topics and Well Written Essays - 250 words - 3

Politics - Essay Example There needs to be clear understanding of whether it is national interest or core values that take precedence, which tends lack in idealist approach that tries to integrate both realism and idealism. Adopting idealist approach will enable the U.S. to take into account the uprising regional powers like India and china. One of the main features of the U.S. constitution that control the majority and protect the minority is separation of powers. It helps to preserve liberty while upholding order. Another feature is constitutional democracy, which limits the power of the majority in order to ensure the preservation of the rights minorities. However, the democratic aspect of the constitution is perhaps the most ineffective because it is the majority group that determines the course and nothing is in place to prevent them from infringing democratic rights and lives of the minority. National security is of utmost importance to any country. In cases of national security threats, every attempt to restore normalcy is takes charge. Fight on terrorism applies for all irrespective of one’s country of origin. However, the extermination of American citizens by their own government is quite creepy. The action infringes human rights. It violates the fundamental right to life, which the constitution

Area of Study Journeys Essay Example for Free

Area of Study Journeys Essay In a Journey, a traveller can gain new perspectives of themselves and the world around them by taking on opportunities to learn. The novel ‘Raw’ by Scott Monk demonstrates these ideas by writing about a young boy named Brett, who hates authoritative figures such as the police. A change is perspective is shown in the late chapters when Brett is at the farm, meeting new friends and learning how lucky he is. What also changes Brett’s attitude to himself, other people that are the friends that he makes during the novel and a girl that he is willing to meet, even if he goes the prison. Brett’s punish for escaping from the Farm has change view of making decisions. Instead of judging and disliking a person, Brett has shown to change his views of other people on his journey. The Poem, ‘The road not taken’ by Robert Frost also exhibits the opportunity to gain new perspectives in the poem, through the use of an extended metaphor about the journey of life. This is shown in the poem when the persona apologises for not being able to take both sides of the road. Disappointment is shown when the persona gives a ‘sigh’. This shows how melancholic he is by giving a deep audible breath. A personal voice is used in the poem to create immediacy. In ‘Raw’, Brett’s journey to the Farm to meet new people and serve as a sentence instead of jail, has given him the opportunity to gain new perspective of himself and the world around him. Because of his journey, he decides to change how he feels about people such as his warden Sam and the police. The change made in the novel is that he chooses to call the police how they are called in instead of ‘pigs’. He has proven himself to be a selfless person when he saw his younger friend Frog, being tricked by a grown man. Immediately, he steps in to take Frog back to the Farm, even though he is up against an obstacle greater than himself. This noble act would not have happened at the beginning of the novel, because early in the chapter Brett feels that he is hated by everyone. His decision to prevent Frog from taking drugs is due to forming a close friendship with him and Brett’s guilt for allowing his friend to leave his sight. This is evident from the quote, ‘Give it back to him, Robbie’. Brett has also gain a new perspective of him after listening to Josh’s unfortunate story of his past. Josh’s story has made Brett thought of how promising his life can be because of the parents he has. He has learnt that the world has nothing against him and that he is only isolating himself from people who wish to know him. There is a lot of change in Brett, because at the beginning of the novel Brett is shown to be an extremely unpleasant person when speaking and looks at the police in a negative way. This is a contrast between Brett’s pre journey when he ran at the streets stealing a bott le store to his after journey, learning that only he can change his life. Brett’s Stream of consciousness can be seen by the readers a where he moves from his immature attitude to a wiser person when he listens to others and thinks about what he is doing. Brett and Josh have shown to have a friendlier approach to each other after Josh covered his fight with Smiling Joe. This demonstrates a change in Brett’s perspective because of Brett’s first run in with Josh, they immediately judged and dislike each other, treating one another like criminals. Whereas now they are able to understand each other. The reason for this is because of Brett appreciating Josh’s help. This is another contrast in Brett’s Journey, changing how he feels about others. We know how appreciative Brett is when he said ‘Thanks for that’ and ‘Sticking up for me’ After Brett’s escape from the Farm, not only is he punished but everyone else at the Farm is also punished for his actions. This is what makes Brett learn that there will always be consequences for his behaviour on the farm. Because of the punishment, Brett no longer tries to make an escape at Farm, after his first attempt. He also does not lie to the police when they ask him about stealing liquor from a man. This is because on his journey, meeting Caitlyn changes his decision of giving himself up and finish his sentence in jail instead of running away from the police to hide. A feeling of regret is made at the beginning of the poem for not being able to take both sides of the road. The persona in the end found that the path he took was a choice that he should not regret since not all opportunity can be taken and that it is very unlikely that he will ever comeback for the other path to discover what it is like. This is because after one road, he may encounter another and have to neglect the other. His wordchoice, ‘sorry’ conveys his feeling of regret. ‘The road not taken’ presents us the decision made in the journey of taking only one path of a diverged road because the persona may not be able to take the other path in future. The path he has taken is the one less travelled by and has changed his life. He has made an indication to us that the choice he decides is the more difficult one out of the two but the difference is that his one has been rewarding. This is said is the last two lines of the last stanza. There is a change in tense in the last lines, showing that he is happy with his decision. The past tense signifies that he want to look back at his decision later in life. A personal tone is used throughout the poem by having the persona speaking in first person. The composer allows the reader to observe what the personas knows or sees. This creates an immediate connection with the readers and persona. With this technique, we are drawn into his world, life and mind. We see what he tells us when he could not take both paths and later shows the he is satisfied with his choice. To sum up, A journey give the traveller a change in their attitude themselves other people. It is shown by composers with techniques to demonstrate the idea in the text such as the contrast of a person’s pre and after journey, when we track their inner thoughts through Stream of Consciousness. Our Wordchoice can expose how we feel in what we say and the use of first person allows us to connect with the persona.

Investment Appraisal Process: Objective, Inputs And Process

Investment Appraisal Process: Objective, Inputs And Process Introduction Decisions related to investments are one of the most important and vital decisions for any organization. Making investments is the only way to increase, and maximize return on the shareholders wealth. However, taking the right investment decisions is the biggest challenge that management faces. Investment decisions are always characterized by risk and uncertainty. According to Lumby (2004) investment decision defined in simple terms, is one in which organizations make an initial cash outlay, with the aim of receiving, in return, the future cash inflows. Investments can be analyzed from several perspectives, like its suitability according to the companys objective, social cause, environmental concern etc. Yet, for the purpose of investment appraisal, it is analyzed from the point of view of cash flow only. Thus, the basic aim of investment appraisal is to check whether the initial outlay would result in enough future cash inflows, to be considered worthwhile. In order to achieve this objective, companies require certain inputs. These inputs are put through the process of investment appraisal, to reach the final outcome. Inputs Required For Investment Appraisal Investment appraisal in broad terms requires only two inputs – the estimated cash flows, and discount rate. The estimated cash flows includes all the cash outflows starting from the initial stage till much later, and inflows taking place during the lifetime of the project. This gives the final figure, which is positive or negative cash flows i.e. either inflows are more than outflows which is the acceptable case, or outflows are more than inflows which obviously leads to rejection of that project. Calculation of these cash flow figures, involves the treatment of a number of items. Cash Flows And Time Value Of Money For the investment appraisal process as discussed earlier, cash flow estimates are the primary input. Initial outlay is easy to estimate as compared to future cash inflows, and even outflows. This is because current requirements for any project, would be ascertained according to which the required finance, can be obtained. Whereas, in the case of future estimates, all the figures are estimated on the basis of some premise, which is always prone to uncertainty. Once these estimated figures are available, companies calculate these future cash flows, in terms of todays value. This is known as the time value of money, according to which, a pound today is not equivalent to a pound tomorrow. According to the time value of money, the investor needs to be compensated for certain factors. Firstly, the investment made has delayed the current consumption of the investor. Current consumption is preferred over future consumption for which, the investor needs to be compensated. This compensation i s the interest that is expected on the money invested, for that period. The second factor is inflation, the current inflation rate in UK, is 1.8% (for the month of July Bloomberg.com) Thus, what can be bought for one pound today, will be available for 1.018 GBP, the next year. Thus, future estimates must be converted in terms of present value, so as to find out its present worth. In order to compensate the investor for these two factors, the rate of return offered, is called the risk free rate. This is equivalent to the rate offered by reputed government bonds, or bills. Other Inputs There are some other factors which are required to be considered for the calculation of cash flows. The first is depreciation, which does not form a part of cash flows. For the purpose of calculating true cash flows, the precise time when the cash flow has occurred, is needed. However, depreciation does not involve any cash transaction. So, this is not included while calculating the cash flow. The second is working capital. According to Arnold (2008) besides the large and obvious depreciable assets, investment is also made in working capital. It includes the items like cash, debtors, stock which are part of companys assets and creditors which is the part of companys liabilities. Another important factor is interest. Treatment for interest is again, not straight forward. Interest can be viewed from two aspects. Firstly, if the company is employing its own funds. In that case it is losing the interest which it would have earned, by depositing money in the bank. This does not require an y treatment here, because this has been considered as the opportunity cost, and treated accordingly. Secondly, if the organization has borrowed funds from the financial market, then the interest is paid on it, which is a cash expense, and must be included in cash flow calculation. Yet, what is seen in most of the cases is that, organizations use combination of both debt and equity. Now, the same item i.e. interest cannot be treated in two separate ways. As a result, it is considered as an opportunity cost. Besides interest on capital, opportunity cost also includes a number of factors, like a building used in any project, would have earned rent otherwise, which is also the opportunity cost of the project. Other similar factors could be machinery, human resources, and other assets. The last factor is the taxation which also reduces the cash flow, by the amount of tax paid. In this case the notable factor is that debt capital gets the tax shield. However tax is to be paid on equity ca pital, making it costlier. Once all the inputs are gathered there are number of techniques available to evaluate the investment, in order to find out whether it would be profitable or not. Discount Rate Once the cash flow figures are derived for the entire period of the project, there are several methods using which we can perform the task of investment appraisal. There are some methods in which there is no allowance for the time value of money, like payback method, and accounting rate of return (ARR). In such methods, the discount rate is not required. However the more sophisticated and widely used methods use the discounted rate of cash flows like net present value (NPV), and internal rate of return (IRR). What is the discount rate and its components is discussed below. Definition The rate of return used for the purpose of finding the present value of future cash flows, is the discount rate. This rate includes the time value of money. Thus, as discussed above it is the risk free rate, plus risk premium. Risk premium depends upon the risk involved, in any particular project. Risk Free Rate Risk free rate includes the expected inflation rate, and the interest on capital which is treated as the opportunity cost of capital. As Arnold (2008) has mentioned â€Å"The risk free rate (RFR), forms the bedrock for the time value of money. Calculations such as the pure time value, and the expected inflation rate, affect all investments equally†. Risk Premium The discount rate is not the risk free rate. Rather, it is always more that that. The rate which is above the risk free rate is risk premium. Risk is the probability of not receiving the estimated return, owing to the uncertainty in any business. Higher the risk, higher is the return expected, and vice versa. However calculation of risk in itself is a difficult task. There are numerous methodologies available, for evaluating risk. The most famous among these are, sensitivity analysis, scenario analysis, and probability analysis. After getting the cash flows and discount rate, the next step is to evaluate the project. This is to determine whether the project is worth undertaking, or not. For this purpose, there are various methods. Some of the most popular ones, used across the globe, are discussed here. Investment Appraisal Techniques Payback Method This method is used to find out the period in which the future cash inflows would be sufficient, to cover the initial investment. Once this figure is obtained, it is then compared with any arbitrarily chosen time period, set as a threshold by the company. If the payback period is shorter or equal to this chosen time period, then the investment is acceptable else it is rejected. Accounting Rate Of Return It is more popularly known as return on capital employed (ROCE), or return on investment (ROI). The ARR is a ratio of the accounting profit to the investment, in the projects. It is notable that here, accounting profit is used, and not the final cash flow figure. Net Present Value This method uses the discounted cash flows. In this, the present value of outflows is subtracted from the present value of inflows. If the result, known as NPV, comes out to be positive or zero the project is accepted else not. Internal Rate Of Return This method also takes into account, the time value of money. This is used to find out the rate of return, at which net present value of an investment is zero. If this rate is higher or equal than the discount rate, then the project is acceptable else it is rejected. Issues To Be Addressed Research Question How an investment appraisal technique helps companies move in the right direction, regarding investment decisions? Other related questions are: What are the pre-requisites for this? What are the methods applied? What are the challenges faced by an organization? Why The Question Is Important? This holds a lot of importance for the organizations since the sizeable investments made by the companies, have long term consequences. The companys strategic position too, is determined by such large investments made in terms of tangible or intangible assets. It impacts the future cash flows. Thus, in order to ensure that every thing moves efficiently in future with any investment made by the company today, investment appraisal is not only necessary, but also inevitable. Research Objective The main objective of this research is to find out if there is any gap between the theoretical concepts studied and analyzed, and its implementation. In practice, matters are always little different, than what it is taught academically, or found in literature on any subject. However, to what extent there is a level of variance in case of investment appraisal, between theory and practice, is attempted to be determined, in this research. The previous research on investment appraisal discussed in broad terms, about changes in methodologies with time; factors to be considered for appropriate calculation of cash flows; and components of discount rate. Yet, none of these studies have shed much light on its practical application, which is empirically investigated, in this research. In particular, three divisions of investment appraisal – objective, inputs and process, is examined. Introduction In this section research work already done on investment appraisal process and its various other aspects have been studied. It will also reveal some elements which are quite important but still not treated appropriately to achieve effective and unambiguous evaluation of capital investments like inflation and taxation. Companies have limited resources. In order to achieve the best utilization and maximum output from these resources companies require a mechanism to decide or analyze which investments are worth taking and which are not. It is a multifaceted and analytical process and many prior studies on this practice exist. A number of surveys scrutinizing the investment appraisal process have been conducted from time to time. These surveys shed light on the changes in the use of methodologies and other practices, which formed an integral part of investment appraisal. A review of the existing literature reveals that, there have been continuous changes in the techniques used for investment appraisal. Different models and methods have been developed for investment appraisal and risk analysis. Over the period of time these developments have been incorporated into corporate practice. What does this investment appraisal process involve as found in literature analyzed and secondary sources providing quantitative data regarding the same is discussed below. Estimation Of Future Cash Flow Investment appraisal requires detailed cash flow forecasts as inputs for sophisticated evaluation methods which have been discussed above. For an investment decision to be considered as successful, it must add value to the firm. Such a project would surely increase the cash flows of the firm, but how much? At this juncture, the firm confronts the problem of estimating the future cash flow, investment outlay and cash inflows emanating from any new project, and finding out whether it adds value to the firm or not. Considering the case of Alaska pipeline project setup by many oil majors, initially its cost was estimated to be $700 million. The final cost, however, came out to be $7 billion. This shows estimation of project cash flows is one of the most important and critical parts of investment appraisal, because in case these estimates turn out to be unreliable or biased, the project would lead to poor business decisions. There are many variables involved and numerous people participat e in this exercise. Capital outlays are estimated by engineering and product development departments; revenue projections are delivered by the marketing department; and operating costs is aggregate of estimates given by number of departments like production people, cost accountants, purchase managers, personnel executives, tax experts and others (Chandra, 2008: 304). To estimate the possible future values, past events are generally used in order to estimate what possibly could be the future outcome or results for the same, or similar kind of event. Earlier, the most conventional method was to find out the best estimate from the information available. This estimate is generally the single value derived, using the mode or average, or a similar likely outcome. However, evaluations based on the single value estimates, show that the estimated value is certain, with no possible margin of error or variance. As a result, instead of using a single value as the best estimate, a new methodology of using a range of outcomes, is used. These outcomes are based on the probabilities of occurrence or non occurrence of events, which affect the cash flows (Dayananda, 36: 2002). Stages In Cash Flow Estimation According to Dayananda (2002) cash flow estimation comprises of four stages: Forecasting the initial capital outlays and operating cash inflows and outflows. Tax factor, which is an important element to be adjusted against these cash flows. There are certain other variables apart from tax like inflation, opportunity cost and depreciation etc. which need to be checked in order to find out its impact on cash flows. Allocating any further resources in order to improve the accuracy and reliability of the variables which have greatest influence on cash flow estimate. This entire process requires close monitoring and early intervention, when required. Monitoring is required at all stages from data acquisition process to projects implementation (Dayananda, 2002: 37 39 – capital budgeting: financial appraisal of investment projects). Estimating Incremental Cash Flows For Investment Apraisal The fundamental principle for the inclusion of cash flows for the purpose of investment appraisal is to include only the incremental cash flows. This refers to the cash flow incepted after the implementation of the project. The time when the investment is made, is considered as time 0, and the cash flows generated after time 0 constitutes a part of the incremental cash flow. For ascertaining the firms incremental cash flow, it is required to identify the cash flow of the firm in two situations i.e. with the project and without the project. The difference between the two gives the incremental cash flows. In estimating incremental cash flow all incidental effects are also considered. Incidental effects lead to an enhancement in the value of some existing activities, such as a rise in the demand of an existing product. However, incidental effects may also turn out to be negative like product cannibalization i.e. with the introduction of a new product, the sale of some existing products may decline (Arnold, 2008: 99-100; Chandra, 2008: 307-308). Opportunity Costs And Sunk Costs There are also certain aspects which are not apparently detected and need to be treated in the valuation of cost of capital. Opportunity costs and sunk costs are the two types of costs which fall under this category. Opportunity cost is the revenue lost by using the resources forming part of the project, under consideration. These resources might be rented out or sold, or used elsewhere. The sunk cost is the cost which the firm has already incurred, and has no effect on present or future decisions. It is the previous cost which was incurred in the past, and is irrecoverable irrespective of the fact, whether the company accepts the project or not. Furthermore, Rustagi (2005) classified the cash flows associated with a project as original or initial cash outflow, subsequent cash inflows and outflows, and terminal cash flow. Initial Cash Outflows, Subsequent Cash Flows, And Terminal Cash Flows Original or initial cash outflow is the initial investment, occurring at the beginning of the project. This is required to get the project operational. Since the investment cost occurs in the beginning of the project, it is easy to identify the initial cash outflow. It includes the acquisition of assets like machinery, building, technology etc. Along with the cost of assets, other incidental costs must also be considered, like the cost of transportation and installation. Sunk costs and opportunity costs as discussed above are also a part of this. Subsequent cash inflows and outflows are generated after the initial outlay of capital. The investment is expected to generate a series of cash inflows, through the project that has been initiated. These inflows may be the same every year or may vary from one year to another throughout the lifespan of the project. In addition to inflows, capital budgeting decisions also consider the subsequent outflows, that might be required for periodic repairs or maintenance. The third classification is the terminal cash inflows. These are the cash inflows in the last year. Firstly, this would include the scrap value, or the salvage value of the project, which is realizable at the end of the economic life. The second, is the working capital which gets released at the completion of the project. This is again, made available to the firm. Estimation of cash flows as a measure of the cost and benefits of any project, includes these three forms of cash flows, and forms the part of any good technique to evaluate a proposal (Rustagi, 2005: 486 489). In addition to all these factors, cash flows also get affected by the factors which are unlikely to be precisely forecasted, and keeps changing with time, like inflation and taxes. Treatment Of Inflation Inflation has a direct impact on the final outcome of investment appraisals. It affects both the future cash flows, and cost of capital. If inflation is not properly adjusted, the future cash flows are increased, over and above, what they would be. For the adjustment of inflation, cash flows have to be either presented in the real terms or money (nominal) terms. Adjustment Of Future Cash Flows In Real And Money Terms In real terms, future cash flows are adjusted in terms of todays current purchasing power, and in money terms cash flow is adjusted, according to the purchasing power, at the time they occur. For applying the correct treatment, companies are required to discount the real cash flows at the real discount rate, and nominal cash flows at nominal discount rates (Drayery and Tayles, 1997). As per Carsberg and Hope (1976) in Arnold and Hatzopoulos (2000) the companies earlier, adjusted for inflation in a rather inappropriate manner. Companies have been either estimating the future cash flows in nominal terms. For the purpose of discounting, they have used real rate of return. Or, they have been estimating the future cash flows in real price terms, but discounted at the money discount rate. There is a significant change in this practice from the last two decades (Arnold and Hatzopoulos, 2000: 12). However in contrast to this, according to the data collected by Drayery and Tayles, 1997 There are still a majority of firms, treating the problem of inflation, incorrectly. The survey was conducted on 195 firms in UK,out of which only 53 or 27% are doing the correct treatment of inflation, with regard to future cash flows (Data attached in appendix 1). Common Mistakes In The Adjustment Of Inflation Thus, we can see that the adjustment for the treatment of inflation, regarding future cash flows and relative discount rates, is not a very uncommon mistake. The most common mistake is using the money discount rate of return for discounting the cash flow estimates, available in terms of real prices. This leads to the undervaluation of NPV, leading to the rejection of the project in some cases, which are worth undertaking, yet, are not. In case of the converse scenario, the result would be overvaluation of the NPV, leading to the failure of projects in the long run. Long term projects, are more prone to this kind of mismatch, because with a longer time period, the variation in cash flows, due to non inclusion of inflation, gets compounded. The cash flows accrued after many years, are valued in current terms, and that turns out to be highly distorted. In case of short term projects, even if inflation has not been included, the distortion in the values of future cash flows, is not very high (Drayery and Tayles, 1997: 3). Treatment Of Taxes Taxes have a direct and considerable impact, on the project viability. For a complete project appraisal, it is important to consider the complete taxation implications, over the cash flows. It is vital for the purpose of investment appraisal, to consider the cash flows after paying taxes, since only these are available to shareholders. There are many important aspects to be considered, regarding taxation. According to Arnold (2008) if the tax liabilities of the firm gets increased due to the project, then the increased tax effects must be incorporated in the analysis, to reach the actual cash flow figure. Secondly, taxes are not generally paid in the same year in which they occur. Companies pay a part of the current years taxes and part of the accrued taxes, which must be considered accordingly. The time factor must be correctly accounted for, while analyzing the cash outflow of taxes. According to Rohrich (2007), due to the investment, tax would arise and NPV must be calculated only after taxation. The implications of taxation would affect the NPV considerably. Firstly with taxes, cash flow will decline and so will the NPV calculated out of that cash flow. Secondly, the capital structure of the project also results in the decline in discount rate, with an increase in gearing ratio. Since the interest on debt is tax deductible, it reduces the cost of capital, and thus leads to fall in the discount rate. Besides these Lumby (1988) has also thrown light on one more important aspect. This is the system of writing down balances, which also provides tax relief on capital expenditure. Thus, the net effect of the taxation could be seen as a decline in NPV, due to a decrease in cash flows, on one hand. On the other hand there was an increase in NPV, due to a decrease in discount rates. Cost Of Capital â€Å"The cost of capital is the rate of return that a company has to offer finance providers to induce them to buy and hold a financial security. This rate is determined by the returns offered on alternative securities with the same risk† (Arnold, 2008: 717). The definition given shows that the rate of return on the capital, is what determines its cost. This rate of return is the discount rate used by the companies. If it is evaluated higher than what actually it should be, then it constrains the investments. Like Arnold (2008) has quoted Michael Haseltine, one time President of the Board of Trade â€Å"Businesses are not investing enough because of their excessive expectations of investment returns† (Arnold, 2008: 717). High Rate Of Return According to Ashford et al. (1988) companies use considerably high discount rate than required, as per the opportunity cost of capital. The reason for this, is the risk premium which companies apply, especially in case of investments made in the projects using new technology. Such projects are considered to be more uncertain, so the discount rate is higher than in other investments (Ashford et al., 1988: 2). Arnold and Hatzopoulos (2000) have quoted Antle and Appen (1985) and Antle and Fellingham (1990) that managers in order to keep a strict control over corporate resources and to reduce the tendency to over invest, keep high discount rates (Arnold and Hatzopoulos, 2000). Similarly according to Dimson and Marsh (1994) in Drury and Tayles (1996) firms in UK use excessively high discount rates, which in turn, have led to the under-investment in UK firms. In USA too, firms use hurdle rates for project evaluation, which are higher than their estimated cost of capital (Drury and Tayles, 1996: 12). Wacc In order to attract investors, companies have to provide returns, higher than the opportunity cost of capital. Companies use a standard means to express their cost of capital, using weighted average cost of capital (WACC). According to Bruner et al (1998) WACC is the method used by most of the companies, advisors and even textbooks, as a method to derive the discount rate used as the cost of capital. Bierman (1993) conducted survey in which 74 Fortune 100 companies participated. The results obtained showed that all the companies use some form of discounting in their capital budgeting, and 93% use a weighted-average cost of capital (Bruner et al, 1998: 2-3). Arnold and Hatzopoulos (2000) presented information given by Westwick and Shohet (1976) stating that companys bank overdraft rate was the most popular method among UK companies for selecting the rate of return to be used for evaluating capital investment. At the same time WACC was in practice by less than 10% of firms. However, th is trend changed substantially over the period of time and according to the data collected by Arnold and Hatzopoulos (2000) more than half of the firms use WACC to calculate the cost of capital (results attached in appendix 2). In addition to this, it is also notable that still significant minority firms use interest rate payable on debt as a measuring tool to calculate the cost of capital (Arnold and Hatzopoulos, 2000: 17). For calculating the WACC a company needs to acquire information about the cost of various sources of capital and their proportions in the capital structure. Considering that we have two sources of finances i.e. equity and debt, here cost of capital is determined by the formula: WACC = KEWE + KDWD Here, KE = cost of equity KD = cost of debt WE = proportion of equity finance to total finance WD = proportion of debt finance to total finance Cost Of Debt Debt entails to more or less fixed payments, so estimating the cost of debt is relatively easy. Arnold (2008) has covered three factors which determine the cost of debt, these are: 1. Existing rate of interest on debt capital. 2. The risk of default by the debtor and recovery rate or chances in case of default. 3. Benefit derived from debt capital due to the tax shield. Cost Of Equity While the estimation of cost of debt is easy, the cost of equity is rather difficult to estimate. This is due to the fact that companies do not have any commitment towards the shareholders to pay dividends. However, companies have been reaching some reasonably good estimates of the cost of equity using some prevalent methodologies like Capital asset pricing model. Although, some firms mention other models as well like arbitrage pricing theory but these are in small proportion. Another model which was most influential in 1960s was Gordon growth model. However, there was a problem of obtaining a reliable estimate of future growth rate of dividends in this model. This was obtained objectively using past data which was not considered to be a trustworthy estimate (Arnold, 2008: 726). According to Bruner et al. CAPM is the most popularly used model for estimating the cost of equity. In a wide survey conducted by Trahan and Gitman (1995) of 84 fortune 500 large firms and best small Forbes 200 companies it was found that 30% of respondents use the capital asset pricing model. Similarly, in a survey conducted in Australia, CAPM is the most commonly used method in estimating the cost of equity, with 72% of the companies under survey, using this model (Truong et al., 2006: 3). In contrast to this Arnold and Hatzopoulos (2000) has mentioned views from several sources stating that According to Bruner et al there are theoretical, practical and empirical doubts cast on the most heavily promoted method of calculating the equity component of WACC, that is, the CAPM (Lewellen, 1977; Mullins, 1982; Lowenstein, 1989; Tomkins, 1991; Fama and French, 1992; Rosenberg and Rudd, 1992; Mills et al., 1992; Strong and Xu, 1997; and Adedeji, 1997). The difficulty faced under this model is to determine a particular divisional beta and cost of capital. This problem has been discussed in quite an elaborate manner by Bruner et al. using different beta rates and expected market return. The result produced shows substantial variation in the cost of equity and in turn had a great variation on cost of capital (result attached in appendix 3). To conclude, what can be seen is the result drawn out of study on the corporate cost of capital and the return on corporate investment. This shows average corporate investment produced returns that exceed the cost of capital. This is analyzed for the period of 1950-96, the real cost of capital for non-financial firms is high, 5.95 percent. The real return on cost is higher, 7.38 percent as a result on average investment seems to be profitable (Fama and French, 1999). Analysing The Level Of Usage Of Appraisal Techniques Since decades companies have been in continuous search of reliable investment appraisal techniques. These techniques helps to rank the multiple competing projects on the basis of benefits that can be derived out of each one as against the costs incurred over the same. Conventional Methods The first analysis studied here is the survey conducted by Arnold and Hatzopoulos in the year 1997. The survey examines the level of usage of four main conventional appraisal techniques – payback method, accounting rate of return (ARR), internal rate of return (IRR) and net present value (NPV). 300 companies are surveyed which are ranked in the Times 1000 companies according to capital employed (results attached in appendix 4). This survey is also compared with two previous surveys one is by Pike covering the period from 1975 to 1992; and Alkaraan and Northcott for the year 2002. These are chosen for comparison because of similar characteristics in all the three surveys. According to the results, it is quite clear that payback method has been the most widely used technique till early 1990s as compared to discounted cash flow methods – IRR and NPV. However, thereafter rise in the usage of NPV can be seen and as for now it became the most popular appraisal technique. Yet, this was not at the expense of a decline in the usage of the payback method. Even payb

Essay on Sophocles Antigone :: Antigone essays

Heroes come in many forms. Some immense in size and strength as Hercules, some in the form of people that are shunned, such as Harriet Tubman, and some that are only valorous heroes to some, such as Kurt Cobain. These heroes have many characteristics that make people flock to their side and follow them without a moment of hesitation. In Sophocles' Antigone the hero is a women who believes in her heart far stronger than that of her leader's rule. Sophecles shows many of Antigone’s characteristics that are also seen in many heroes. She is up against an impossible enemy, she does not fit well into society's mold, and is destroyed by her own pride. For these characteristics Antigone is given the title of an epic Heroine. Antigone is one of the lucky townsfolk to be born of a royal house. As Antigone defies Creon's law, she is cast into a pool of danger between what she believes is right and what the state's law decrees is right. As Antigone is charged with the burying of her brother, an action, which the King has declared unlawful, she holds like stone to her undying gratitude for her deceased brother. She believes that this will help lift the curse plagued on the household. The curse in which Antigone’s father tried to hold at bay and failed. Her sister Ismene warned Antigone by exclaiming, "Sister please, please! Remember how our father dies: hated, in disgrace, wrapped in horror of himself, his own hand stabbing out his sight. And how his mother-wife in one, twisted off her earthly days with a cord. And thirdly how our two brothers in a single day each achieved for each a suicidal Nemesis.† This has already given Antigone the mindset that even the Gods are against her will. She is also up against a great foe in fighting that of Creon's edict. Ismene said this: "The rest, if we defy our sovereign's edict and his power. Remind ourselves that we are women, and such not made to fight with men. For might unfortunately is right and makes us bow to things like this and worse.† Antigone sees herself as not only one who can defy the power of the Gods but the power of the state. Thus she would be up against a force greater than her own. Second, another characteristics of a tragic hero is that the person does not always fit into society's mold.

Silabus Introduction to Literature

INTRODUCTION TO LITERATURE COURSE OUTLINE Course Description: This course is an introduction to the fundamentals of literary study and analysis. Students will be introduced to the fundamental elements of poetry, drama, and fiction; basic literary terminology; and strategies for analyzing texts based on close reading. Students will also practice writing short literary analysis. Course Objectives †¢ Develop your basic understanding on what literature and its genre are. Develop your ability to respond to literary texts in class discussion †¢ Develop and articulate your own ideas about literary themes †¢ Present a coherent literary analysis including familiarity with literary devices (plot, character, characteristics, theme, setting, etc) †¢ Intended to support an argument through quotations and examples from primary, and in some cases, secondary texts (references) Student Outcomes By the end of this course, students should be able to do the following: 1. Correctly de fine commonly used literary terms and use those terms to discuss and analyze works of literature 2.Identify structural elements of works of poetry, fiction, and drama, and analyze how those elements help create specific meanings and effects Course Content: 1. Comprehensive Definition of Literature and of elements of literary work 2. Readings of a variety of poems, short fiction, and drama 3. Important literary terms and their application to the analysis of specific works 4. Several opportunities to compose written arguments about specific texts incorporating close reading skills and application of literary terms nd conventions. Teaching strategies: Lecturing is applied to give the students general guidance and theories used to analyze literary works. Besides, Class sessions will be structured to give students opportunity to discuss, analyze, and practice close reading of specific texts. Discussions should emphasize the application of course terms and concepts to the analysis of text s and the use of textual detail to defend opinions about the texts. Students’ Presentation is also needed in this subject.Course terms and concepts will be reinforced through quizzes and/or exams which ask students to identify terms and concepts as they appear in texts. Given the goals of the course, the use of film and videos are also recommended. Attendance: You will be allowed three absences. An extended illness would create an exception to these rules: please let me know as soon as possible if you will be missing a significant number of classes (i. e. 2 or more) due to illness or other long-term problem. REQUIREMENT Students are obliged to attend at least 80% of total meeting in a semester.If they are absent more than 20% of total meetings in a semester, they will not get their final grade as a consequence. Besides, students must submit all assignments in a due time. EVALUATION There are four elements of evaluation as giving score. 1. Midterm test (MT): 20 % 2. Final test (FT): 35 % 3. Assignment and quizzes(Ass/Q): 25 % 4. Attendance and class participation (A): 15 % 5. Personal Literature Anthology (final project): 15% Fixed Score = 3(Ass/Q) + 2(MT)+3(FT) + 1,5(A/CP)+1,5 (PLA) 10 Attendance = P x 100TM (total meeting) Class Policies Grading Scale: |81 – 100 = A 4,0 |76 – 79 = B+ 3,5 |61 – 70 = C+ 2,5 |45 – 50 = D 1,0 | |71 – 75 = B 3,0 |56 – 60 = C 2,0 |51- 55 = D+ 1,5 |0 – 44 = E 0 | Academic Dishonesty: Plagiarism does not refer only to flagrant copying; it includes also the unaccredited use of any phrases, quotations, or ideas. Please be sure to cite any outside sources which you use.That said, I will not tolerate cheating in this class. If you are caught plagiarizing or otherwise cheating, and the assignment is a minor one, you will immediately lose two letter grades off your final grade. If the assignment in question a major assignment, you will automatically fail the course. Consultation: If y ou are unsure about the reading, want feedback on discussion/assignment, or would like to talk about a text or idea, please come to my office for a consultation. If you can't make it to my office hours, feel free to make an appointment with me.Course Books: Hawthorn, Jeremy, Studying The Novel: An Introduction, Routledge, Chapman and Hall, Inc. 1989 Kearns, George, editor, Appreciating Literature, Macmillan Publishing Company. 1984. Kenney, William, How To Analyze Fiction, Monarch Press Inc. 1966 Luxemburg, Mieke Bal and Willem G. Weststeijn. Pengantrar Ilmu Sastra, Jakarta, Gramedia. 1989 Reaske. Christopher R. How To Analyze Drama. Monarch Press, INC. 1966 Siswantoro, Apresiasi Puisi-Puisi Sastra Inggris. Muhammadiyah University Press, 2002 Week |Expected Competence |Topic |Activities | |1 |The students are expected to |-Orientation |brainstorming | | |have comprehensive orientation on the course |-Definition of Literature |giving lecture | | |Understand the basic concept of liter ature | |discussion | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |2 |The students should be able to | -Genre of Literary works |brainstorming | | |recognize the genre of literary works | |giving lecture | | |identify the characteristics of literary works | |discussion | |3 |The students are expected to comprehend plot, |Short Story by Doris Lessing entitled A Woman on|Analyzing intrinsic elements of the short story | | |suspense and character. A Roof |Giving Lecture and discussion | |4 |The students should understand setting, point of |Short story by Alice Walker entitled Everyday |Analyzing intrinsic element of Walker’s story | | |view dan theme. |Use |Giving Lecture and discussion | |5 |Quiz | | | |6 |The students can identify basic elements of poetry |A poem by Sylvia Plath entitled Mirror and by |Analyzing intrinsic elements of the poems | | |such as rhyme and figurative languages. Walt Whitman entitled Cavalry Crossing a Ford |entitled Mirror and Cavalry Crossing a Ford | | | | |Giving lecture and discussion | |7 |The students can recognize types of poetry ( |A poem by Robert Frost entititled The Tuft of |Analyzing the poems | | |narrative, lyric dan dramatic) |Flowers, by William Wordsworth entitled My Heart|Discussin | | | |Leaps Up and by Frank Horne entitled To James | | |8 |Mid-term test | | | |9 |The students can recognize types of poetry ( |A poem by Robert Frost entititled The Tuft of |Reading the poems | | |narrative, lyric dan dramatic) |Flowers, by William Wordsworth entitled My Heart|Analyzing the poems | | | |Leaps Up and by Frank Horne entitled To James | | |10 |The students are expected to be able to define drama| |Giving lecture | | |and know the dramatic convention. | |discussion | |11 |The students understand the intrinsic elements of |Drama by Anton Chekov entitled Marriage Proposal|Giving lecture | | |Drama | |Discussion | | | | |Assignment | |12 |Continuation of The World of Drama. Drama by Anton Chekov entitled Marriage Proposal|Analyzing Marriage Proposal | |13 |Quiz | | | |14 |Tugas Terstruktur |Film adaptation from Shakespeare’ drama entitled| | | | |Othello | | |15 |The Correlation between Literary works and Other | |Brainstorming | | |disciplines | |discussion | | |(Wrap up Session) | | | |16 |Final Test | | | Period |Topic |Core Reading |Topic for Discussion | |Week 1 |Course Outline |Appreciating literature, How to | | | |What’s your |Analyze fiction | | | |orientation? | | | | |Literature: | | | |Definition, types,| | | | |and literary | | | | |devices (General) | | | |Week 2 |Introduction to |Appreciating literature, How to |I Remember Mama (John Van Druten) | | |Drama, Elements of|Analyze Drama | | | |drama | | | |Week 3 |Plot, Character, |Appreciating literature, How to |I Remember Mama (John Van Druten) | | | |Analyze fiction/drama | | |Week 4 |Theme, symbol |Appreciating literature, How to |Grandpa and the statue (Arthur Miller) | | | |Analyze drama | | |We ek 5 |Staging and |Appreciating literature, How to |Grandpa and the statue (Arthur Miller) | | |dialogue |Analyze drama | | |Week 6 |Quiz on Drama |Quiz |Quiz | |Week 7 |Introduction to |Appreciating literature, How to |The road not taken (Robert Frost) | | |Poetry.What is |Analyze Poetry | | | |poetry and how | | | | |might we begin to | | | | |discuss it | | | | |analytically? | | |Week 8 |Structure and |Appreciating literature, How to |First Lesson (Philip Booth) | | |kinds of Poetry, |Analyze Poetry | | | |Meaning of Poetry | | | | |Middle Test |Middle Test | | |Week 9 |Discussion of |Appreciating literature, How to |Acquainted with the Night (Robert Frost) | | |selected poems, |Analyze Poetry | | | |and some writing | | | | |exercises | | | |Week 10 Figurative |Appreciating literature, How to |The Eagle (Alfred Lord Tennyson) | | |language |Analyze poetry | | |Week 11 |Quiz on Poetry |Quiz |Quiz | |Week 12 |Introduction to |Appreciating literature, Studying|The woman Who Ha d no Prejudices (Anton Chekov) | | |Prose |Novel: An Introduction, How to | | | | |Analyze fiction | | |Week 13 |Analyzing Elements|Appreciating literature, Studying|The leader of the people (John Steinbeck) | | |of Prose (Short |Novel: An Introduction How to | | | |Story) |Analyze fiction | | |Week 14 |Discussion |Appreciating literature, How to |The leader of the people (John Steinbeck) | | | |Analyze fiction | | |Week 15 |Genre of Prose |Appreciating literature, Studying|In another Country (Earnest Hemmingway) | | |(Short Story and |Novel: An Introduction How to | | | |Novel) |Analyze fiction | | |Week 16 |Final Test |Final Test | |