Changes in curriculum Essay Example | Topics and Well Written Essays - 250 words

Changes in curriculum - Essay Example 79). Not only that, but at the level of the school, it can be particularly difficult for faculty to agree on what the curriculum should be. According to Keating (2010), â€Å"[I]nstitutional approvals [must be] obtained for nursing program curriculum†¦Ã¢â‚¬  (pp. 40). Healthcare is becoming increasingly difficult to manage, in terms of payers, payees, and billers. According to Smyth (2005), â€Å"[P]olicy makers [should] better appreciate the complexity of health care† (pp. 156). People are struggling to pay for their medications, and this is one area that nursing curricula often overlooks: medication management. Changes and demands in health care continue to skyrocket, as curricula change in response. Apparently, the numbers of people who use healthcare services is increasing. According to Tucker (2010), one of â€Å"†¦of the nonprice determinants that can change the demand for health care†¦Ã¢â‚¬  are the number of buyers (pp. 127). Health care curricula in nursing programs are constantly changing due to government regulations, the healthcare industry becoming much, much more complex, and the changes and increasing demands in health

Personal Theory Paper Essay Example for Free

Personal Theory Paper Essay Abstract There are many ways is which we can build and create our own theories about child development but the way we do our own theories will significantly affect the way we guide and teach children. My unique personal theory about child development is that children should be guided and treated with respect and dignity. This essay will explain my own personal theory or theories that I would use to greatly guide and help children along the way, I believe that these that I am about to mention are the ones that I feel I would really use later on as I pursue my profession in the Child development Field. A positive approach to guidance makes children and others feel confident, happy, and pleasant. A positive approach does not include shaming, humiliation, ridicule, pressure to compete, nor is it punitive, impatient, mean, or bossy. Personal Theory 3 Personal Theory Paper Having your own personal theory means how you will guide children into success in their life’s later on. Making our own personal theory helps us understand, predict, explain and control that reality. Thy are mostly verbal but they can also be mathematical or illustrative. Having our own personal theories really helps learn how children will learn and develop. These several questions that I will discuss are questions that often children caregivers ask themselves: 1. How do you view the course of development is it Continuous or Discontinuous? 2. Is there one course or many courses of development that would characterize all children? 3. Do genetic or environmental factors play a greater role in development? Highlighting these major questions will give us an understanding as to how children develop and react to the changes around them. 1 Theory is a contemplative and rational type of abstract or generalized thinking. Depending on the context, the results might for example include generalized explanations on how nature works, or even how divine or metaphysical matters are thought to work. How do you view the course of development is Continuous or Discontinuous? To me how I view the course of development is it depends on the childs physical and psychological development. On the Wikipedia article about Child Development in the Continuity section of the article I read this: â€Å"Many aspects of developmental change are continuous and do not display noticeable milestones of change. Continuous developmental changes, like growth in stature, involve fairly gradual and predictable progress toward adult characteristics.† (www.wikipedia.com). Although scientists and children caregivers have an interest in identification of developmental milestones, many aspects of developmental change are continuous. An example of a discontinuous development is Freuds Psycho Sexual stages of development is theorized that children systematically move through oral, anal, phallic, and latency stages before reaching mature adult sexuality in the genital stage. The same is mentioned for Eriksons theory of development and Piagets stages of cognitive development. Theorists who believe children grow continuously believe that kids constantly add new lessons and skills on top of old lessons and though parents cannot see it all the time with their own eyes, children are growing all the time right in front of them. Their bodies make new cells. Their minds learn new skills as they play and interact with other people everyday. On the other hand children who grow Discontinuously believe that children grow in stages as they seem to develop chunks of abilities and to experience events at certain times in life. Is there one course or many courses of development that would characterize all children? In my view I believe that both one or many courses in development exist. There is not only one course or just many course, in a preschool setting a teacher or caregiver is dealing with children from different backgrounds, culture, and developmental differences physically, emotional, and psychologically. Its important for a teacher or caregiver to really observe and understand if each child has only one course or many courses of development. â€Å"When a developmental theory has only one course then it is only said to follow one path, but when a developmental theory involves many courses then it has unique paths for particular individuals across popular contexts.† (www.wiki-answers.com/Q/Child_development_One_course_of_development_or_many). Do Genetic or Environmental factors play a greater role in Development? Genetics and the environment shape the development of a human. This fact is mostly known by the idea of nature versus nurture. Scientists have been questioning which of these factors influence upon the various aspects of personal growth. A persons physical development is strongly affected by their genes inherited from their parents. Parents genes predetermine the limits of an individuals height and other characteristics. (www.teenink.com/opinion). Genetics can have a powerful influence on development, but experiences are also important. For example, while the genetic code contains the information a child is influenced by their surroundings. If a child grows up in a home Personal Theory 6 that is well off, they may not appreciate the hard work that goes into earning a dollar because everything was given to them. On the other hand if a child grows up in poverty he or she may not want things that have no significance in their life. Childs growth starts right away and does not end until the child is ready. As a child grows up he or she will learn to think for herself, become aware of themselves, learn to reason, and master language. The environment plays mostly an important part in the childs skill enhancement in so many ways. First there are hereditary traits that can affect a child. The way they talk, walk, their psyche, cognitive thinking, and more can be due to the environment. My Own two Major theories of Development Two major theories that I have experienced while interacting with children is self-direction in which it is the ability to control ones own behavior, to think for oneself was a basic aim by Swiss psychologist, Jean Piaget which have mostly to do with values of freedom and liberty. I have personally come across this because when interacting with children I like to teach them to be more independent with themselves, to be able to do the things by themselves and if they already tried several times and they still need help on doing something then they can rely on me for help. I have a younger sister who I have been helping my mom take care of ever since my sister was three years old (now she is eight years old) she does like to do things by herself independently but now that she is growing up, I have noticed that she is always wanting someone to do the things for her. Like there are times in the mornings when she feels lazy to do her own bed so she always tends to ask for my help only even though she also has other older sisters and an older brother she still only asks for my help, sometimes it is kind of annoying for me when she only asks for my help it almost seems like if I was her only sister. I am tend to loose my patience at times but that is when I Personal Theory 7 say to myself to calm down and realize that she likes to spend quality time with me, even if sometimes it is annoying. I want her to rely on me for help but what I want her to realize is that she also has to do her own things. When she is in a tight situation then that is when she can come to me for advice. My other theory is the imitation experience, when a child sees someone clapping then after seeing the grownup clap the child claps back just the same way the grownup did it. Helping a child read picture books can help develop schemas in child development. A schema can be defined as a set of linked mental representations of the world, which are used both to understand and respond to situations. The assumption is that we store these mental representations and apply them when needed. (www.simplypsychology.com/piaget.html). For example, a person might have a schema about buying a meal in a restaurant. The schema is a stored form of the pattern of behavior which includes looking at a menu, or during food, eating it and paying the bill. This is an example of a schema called script. Whenever they are in a restaurant, they retrieve this schema from memory and apply it to the situation. The schemas Piaget described tend to be simpler than this-especially those used by infants. He described how as a child gets older-his or her schemas become more numerous and elaborate. An example of an initial schema is when the teacher is showing the children how a dog looks from a picture book, therefore the children begin to develop an understanding of what a dog looks like just by looking at the picture book. Experience in practicing the skill can be provided by adults at strategic moments when the child shows readiness, thus enhancing development. Expert teachers are sensitive to childrens readiness in many learning domains. Children seek ways to gain experience when they find a new skill fascinating. (Hildebrand pg. 29) I would watch children climb up and down a mountain when they learning to climb. When observing I would also listen to the childrens conversations, to me it is Personal Theory 8 interesting listening to the way children use words to connect them into sentences that are filled with fantasy, imagination and curiousness all over listening to their conversations also makes me wonder sometimes if they are imitating a grown-up from their own family or if it comes from their own active imagination, it almost seems like they have an inner drive to excel. I would never like to hinder a child from saying anything they wish to say but I would also watch carefully that any child does not swear because a young childrens mind is always active and open; and when they are toddlers everything the grownups say or do they will want to do it also because they are at a period where they want to try everything you do also, so we as their caregivers have to be extra careful what we say or do because what we do or say will greatly affect the child in the present and later on in their l ife. Conclusion Even though I have never had professional early child development teaching experience I know that in the several years of taking care of my sister I have at least gained some basic experience and have seen some of the theories that I mentioned in this essay in action with my younger sister. To me the course of development is both continuous and discontinuous depending on how each child develops. Learning about these theories and finding out more information about the many courses or just one course of development made me see that there are many courses of development based on the many developmental theories and stages each child goes through in life. Lastly I discovered that both genetic and environmental factors can affect children greatly in the present as well as later on in life. As I said earlier if a child is brought up in a negative environment then that will definitely affect the children emotionally as well psychologically. References Continuity and Discontinuity in Development http://en.wikipedia.org/wiki/Child_development Oswald, Angela. Child Development Stages versus Continuous Development. Retrieved from: http://www.sevencounties.org/poc/view_doc.php? type=docid=7920.. Cabi816, Greenville, SC. Teen Ink. Genetic Versus the Environment and their Effects on the Development. Retrieved from: http://www.teenink.com/opinion/current_events_politics/article/155563/Geneti cs-V-The-Environment-And-Their-Effects-On-Development/ McLeod, Saul. (Published 2009, Updated 2012). Simply Psychology. Jean Piaget. Retrieved from: http://www.simplypsychology.org/piaget.html Hildebrand, Verna and Hearron, F. Patricia. Guiding Young Children. Sixth Edition. (1999). Merrill, an imprint of Prentice Hall. Upper Saddle, New Jersey and Columbus, Ohio. Chapter 2 Knowing Children as a Basis for Guidance. Speed of Development.

The benefits of the Gulf Stream

The benefits of the Gulf Stream Introduction The Gulf Stream is considered as a warm, powerful, and swift Atlantic ocean current that originates at the tip of Florida. It follows the eastern coastlines of the Newfoundland and the United States before crossing the Atlantic Ocean The western intensification makes the Gulf Stream tend to northward, the matter resulting in accelerating current off the east coast of North America. At nearly 40 °0†²N 30 °0†²Wï » ¿ / ï » ¿40 °N 30 °Wï » ¿ / 40; -30, the gulf stream splits into two , namely the northern stream crosses to northern Europe and the southern stream which circulates off West Africa. The west coast of Europe and the east coast of North America from Florida to Newfoundland is influenced by the Gulf Stream. In spite of the recent debate arose on the part of many experts , there is consensus that the climate of Western Europe and Northern Europe is consider as warmer than it would be as a result of the North Atlantic drift which is considered as a branch from the tail of the Gulf Stream. It is considered as a part of the North Atlantic Gyre. Its presence resulted in the development of various strong cyclones, both within the ocean and within the atmosphere. The Gulf Stream is also known as a significant potential source of renewable power generation. History Europeans discovered the Gulf Stream in 1513 due to the expedition of Juan Ponce de Leà ³n. After that time, it became widely used by Spanish ships that sail from the Caribbean to Spain. Conducted in April 22nd 1513, the summary of Ponce de Leà ³ns voyage log, noted, A current such that, although they had great wind, they could not proceed forward, but backward and it seems that they were proceeding well; at the end it was known that the current was more powerful than the wind. Peter Martyr dAnghiera and Sir Humphrey Gilbert also became known of its existence at that time. Benjamin Franklin, deputy postmaster of the British American colonies, interested in the North Atlantic Ocean circulation patterns. While in England in 1768, , Franklin has come to know curious complaint filed by the Colonial Board of Customs in a form of a question : why did it take British packets many weeks longer to reach New York from England than it took an average American merchant ship to reach Newport, Rhode Island, in spite of the merchant ships leaving from London and having to sail down the River Thames and then the length of the English Channel before they sailed across the Atlantic, while the packets left from Falmouth in Cornwall? Having heard this question, Franklin asked his cousin Timothy Folger, a Nantucket whaling captain to answer this question. Folger pointed out that the merchant ships crossed routinely the then-unnamed Gulf Streamwhich can identified by measurement of the waters temperature, whale behavior , changes in the waters color and the speed of bubbles on its surface while the mail packet captains ran against it. Franklin started to work hard with Folger as well as other experienced ship captains. He learned enough from the Gulf Stream chart and gave it the name for which it is still known up to date. He provided this information to the secretary of the British Post Office, Anthony Todd. However this information was ignored by British sea captains. In 1770, Franklins Gulf Stream chart was published in England, where it was mostly ignored. In 1778, Subsequent versions were printed in France. in 1786, versions were printed and published in U.S. the British remained many years ignoring following the advice given by Franklin on navigating the current but when they followed it , they managed to gain two weeks in sailing time. Properties The Gulf Stream proper is defined as a western-intensified current which is driven by the wind stress. On the contrary, The North Atlantic Drift is largely thermohaline circulation driven. The Gulf Stream makes Western Europe (especially Northern Europe) warmer than it otherwise would be through carrying warm water northeast across the Atlantic. However, there is a dispute around the extent of its contribution to the actual temperature difference between Europe and North America. Few scientists are in the opinion that this temperature difference resulted from the Atlantic Ocean being upwind of Western Europe (producing an oceanic climate) and a landmass being upwind of the east coast of North America. (Seager, Richard (July-August, 2006). The Source of Europes Mild Climate. American Scientist Online. http://www.americanscientist.org/issues/feature/2006/4/the-source-of-europes-mild-climate. Retrieved 2008-09-23.) Formation and behavior In the matter of fact Evolution of the Gulf Stream toward the west of the British Isles continues as the North Atlantic Current. The Atlantic North Equatorial Current, which is considered as a river of sea water, flows westward the coast of northern Africa. The current goes into two branches especially when the current interacts with the northeastern coast of South America. One of these two branches passes into the Caribbean Sea, while the second branch passes into the Antilles Current, flows north and east of the West Indies Once again, these two branches rejoin north of the Straits of Florida, as it is shown on the accompanying map. In the tropics, the trade winds blow westward. The pattern of this wind this has a stress on the subtropical ocean surface in addition to a negative curl across the north Atlantic ocean.[13] .The resulting Sverdrup transport is considered as equator ward. This transport is balanced by a narrow as a result of conservation of potential vorticity that is caused by the northward-moving winds on the subtropical ridges western periphery as well as the increased relative vorticity of northward moving water. This, in its turn, resulted in accelerating poleward current, which flows along the western border of the ocean basin. This outweighs the effects the friction has on the western border current which is known as the Labrador Current. The bends along the Gulf Stream are also caused by conservation of potential vorticity . These bends occasionally break off as a result of a shift in the Gulf Streams position that form separate warm and cold eddies. This process which is known as western int ensification makes the currents on the western border of an ocean basin, like the Gulf Stream, stronger than those on the eastern border. (Maurice L. Schwartz (2005). Encyclopedia of coastal science. Springer, pp. 1037. ISBN 978-1-4020-1903-6. Retrieved on 2009-05-07.) The Gulf Stream is consequently considered as a strong ocean current. The gulf stream lead to transporting water at a rate of 30 million cubic meters per second (30 sverdrups) through the Florida Straits .This rate rises to reach 150 million(on fifty million) cubic meters per second specially when the Gulf Stream passes south of Newfoundland. The volume of the Gulf Stream affects all the rivers which empty into the Atlantic combined, with nearly total 0.6 million cubic meters per second. However, this is weaker than the Antarctic Circumpolar Current. The width of the Gulf Stream is 100kilometers (62mi) and the depth of the Gulf Stream is ranged from 800meters (2,600ft) to 1,200meters (3,900ft). It is known that the current velocity is fastest near the surface, since maximum speed reaches nearly 2.5meters per second (5.6mph). When the Gulf Stream travels north, the warm water transported by it undergoes evaporative cooling. The cooling is wind moving over the water cools it and causes evaporation, the matter leaving saltier brine. In this process, the salinity and density of water increases while the water temperature decreases. When sea ice is formed, salts are left out of the ice. This process is known as brine exclusion. These two processes result in producing water which is colder and denser . The water becomes so dense in the North Atlantic Ocean, so that it starts to sink down through less dense and less salty water. (The convective action is not unlike that of a lava lamp.) This downdraft of cold ,dense and heavy water beco mes a part of the North Atlantic Deep Water, a south going stream. Localized effects The Gulf Stream has effects on the climate of the Florida peninsula. Florida coast, which is referred to as the Florida current, keeps an average water temperature estimated at 25 °C (77 °F) especially during the winter. The east winds passing this warm water result in moving warm air from over the Gulf Stream inland, keeping temperatures milder across the state than elsewhere across the Southeast during the winter. The proximity of Gulf Stream to Nantucket adds to its biodiversity as it is the southern limit for northern plant species and the northern limit for southern varieties of plant life. (Dr. Sarah Oktay. Description of Nantucket Island. University of Massachusetts. http://www.umb.edu/nantucket/nantucket/. Retrieved 2009-01-06.) In addition to the warm air currents, the North Atlantic Current of the Gulf Stream keeps the western coast of Great Britain and Ireland a couple of degrees warmer than the east. On the contrary, the difference is dramatic in the western coastal islands of Scotland. The Gulf Stream and the strong westerly winds (which are driven by the warm water of the Gulf Stream) have noticeable effects on Europe and the Norwegian coast. Next to the Arctic zone, lie the Northern parts of Norway. Most parts of this zone are covered with snow and in winter. However, Norways coast remains without snow or ice throughout the year. The Gulf Stream warms the weather systems which drift into Northern Europe. These weather systems results in warming the climate behind the Scandinavian mountains. Effect on cyclone formation The contrast of warm water and temperature, along the Gulf Streams edge, often results in increasing the intensity of cyclones or tropical. To generate tropical cyclone normally, water temperatures in excess of 26.5 °C (79.7 °F) is required. Thus, the formation of tropical cyclone is common over the Gulf Stream, particularly in the month of July. Through the Caribbean, the storms travel westward and then move in a northward direction. After that, the storms curve towards the United States eastern coast or stay on a north-westward track and enter the Gulf of Mexico. These storms have the capability to create strong winds. These winds cause extensive damage to the Southeast Coastal Areas in United States. The Strong extra tropical cyclones were shown to deepen the frontal zone. These tropical cyclones have been forced by the Gulf Stream itself especially during the cold season. The Subtropical cyclones are also being generated near the Gulf Stream. Near the warm water current, near ly 75percent of the systems documented in between 1951 and 2000 are formed with two annual peaks of activity happening during the months of May and October. Possible renewable power source In the matter of fact, The Gulf Stream makes on transporting nearly 1.4 pet watts of heat that is equivalent to 100 times the world energy demand. Many researches have been conducted into different ways to tap this power. There is an idea to supply the equivalent power of several nuclear power plants. This idea is represented in deploying a field of underwater turbines placed 300meters (980ft) under the center of the core of the Gulf Stream, such as being developed by Aquantis, LLC. the thermal energy generated by the ocean can also be harnessed to produce electricity through using the difference of temperature between cold deep water and warm surface water. Conclusion The Gulf Stream, which begins in the Caribbean and ends in the northern North Atlantic, is one of the worlds current systems which have been studied and searched intensively. The extensive western border current plays very important role in transferring heat and salt as well as in causing warm to the European subcontinent. There are many traditional hydrographic studies conducted in this region. These studies include Gulf Stream 60 (Fuglister 1963) and Iselin (1936). The high degree of mesoscale activity relating to this system has attracted oceanographers. The studies conducted on these phenomena have focused on the snapshot representation of the region. In the matter of fact, The Gulf Stream transport varies not only in space, but also in time. Kelly and Gille 1990; Zlotnicki 1991; Kelly 1991; Hogg and Johns 1995 assured that the current transports a maximum amount of water in the fall and a minimum in the spring. Rossby and Rago (1985) and Fu et al. (1987) discovered similar results especially when they looked at the differences of sea level across the Stream. These studies also discovered that the Gulf Stream includes marked seasonal variability.

Mothers Against Drunk Driving Essay -- Alcohol Teenagers Papers, DUI

Mothers Against Drunk Driving In the year 2001 more then 800,000 injuries occurred in the United States from alcohol related accidents, while more than 40% of automobile crashes were due to the abuse of alcohol (MADD homepage). These overwhelming statistics are just a small piece of the very large puzzle that stuns the nation with deaths every year. For some people, these statistics are more than just phrases on paper they are words that are haunting reminders of the tragedies and losses they have experienced in their lifetime. One such mother was so distraught by the loss of her thirteen year old daughter Carrie Lightner, who was killed by a drunk driver, began the organization Mothers Against Drunk Driving (MADD). On the other side of the country another mother was feeling the same pain as her five and a half month old daughter, Laura Lamb, took her last breath after a drunk driver struck their car. Together these women joined forces to share their sufferings with others in the same situation, while striving to prevent future accidents and conditions such as the ones they had just experienced. Since MADD has been in existence there has been a 43% decline in alcohol related traffic fatalities (MADD stats and resources homepage). It has consistently been providing statistics on excessive drinking, complete drunk driving research, the effects of underage drinking, laws regarding alcohol, and current news stories. MADD is not just advertised on the television and library, but has continuously been able to reach the public through the use of the internet. The website www.madd.org has reached thousands of people to spread the word of the harmful effects of alcohol abuse whether the consumer is underage or not. The large load of ... ...ople still take the keys after drinking alcohol. The holiday season is traumatic to so many families as in the year 2001 there were 4,943 deaths between Thanksgiving and New Years because of alcohol abuse (MADD statistics and resources). When is enough, enough? When will the public take some initiative and responsibility? When will people start paying closer attention to their actions and then the consequences? MADD has already taken this step and has been working for the past twenty years in making a difference. There endless support and dedication to the issue is clearly a necessity as they have worked to create programs and awareness on the issue. The statistics provided have been so appalling that after one has read the material on the MADD homepage, they will already become aware, but upon continuing to it’s links, the reader will feel the need to take action.

How Outsourcing Affects the Economy Essay -- Global Economy, Economic,

Outsourcing is nothing new. It is a difficult issue to handle and tackle, supporters and detractors agree on one thing. That outsourcing will not be eliminated to a complete. That is why I wrote on what is outsourcing, how it affect the economy, and can it be stop. The word outsourcing can be defined in a numbers of ways depending on the type of service and the form of relationship with the supplier. Also referred to as contracting out or buying in. May be the delegation or handing over to a third party. Company to provide services that might other wise be performed by in- house employees. The term is increasingly used to refer to subcontracting of a set of functions or processes by one firm to another, or to a group of individuals. Also allows companies to focus on other business issues while they have there details take care of by outside experts. Which means large amount of resources and attention, that might fall on the shoulders of the management professionals, it can be used to more important issues within the company problem. Outsourcing and offshore is different but they are the same interchangeable used by people. It also enables a company to focus on core-competency areas. There are some disadvantaged to outsourcing often eliminates direct communication. Also may lead to delayed communication and project implementation. While outsourcing my prove highly beneficial for many companies, it also has many drawbacks. It affects the U.S. economy is a great matter to debate. This will have an overall positive effect on the U.S. economy, since it save money for companies, open up fortuities for entrepreneurship and leads more Americans to hold higher level jobs. A suggestion came up about hiring foreign workers which has imm... ...re want be any disposable income to spend on luxuries things. Market will collapse, and trade will come standstill. A way to keep the divided checks flowing to the stockholders a little. Government will need to completely close the borders to trade. Economists have recognized that free trade is the better solution, economy was built on a free trade. The economy is not going to get better with people being unemployed and that is only causing an chain reaction in the U.S. economy. In these area does not leave enough jobs for U.S. Americans. It has been a lot of debate over outsourcing and was said that it is good for the U.S. economy. But I think they should decrease outsourcing just a little, because the economy today is already going down hill. That is just going to make the future in more trouble than it is now. This is the end of my outsourcing of the economy.

Project Management Case Study: The Spares Distribution Center (SDC) Essay

In the article written by John McMichael and Lockwood Greene (1994), the Boeing Commercial Airplane Group (BCAG) started to design and operate the new Spares Distribution Center (SDC) in SeaTac, Washington, for the company’s Customer Services Division. With the project aimed at yearly growth rate in the areas of inventory and shipments, there were internal and external risks that BCAG faced in relation to the project. Internal risks had something to do with the control system’s project design and implementation. As indicated in the article, â€Å"Custom software development with extensive sophistication and complexity could have increased design costs and jeopardized the overall schedule† (McMichael & Greene, 1994, p. 516). There were risks also in material handling, in managing extensive user input, and in the use of outside consultants. Internal risks were more centered on technical issues, which had to be solved through skills and correlation. When it came to external risks, however, these had something to do with political and social consent and acceptance. There had to be permitting by the new municipality, where the new project was to take place. Environmental impacts of the project had to be also considered here. More so, it was written that SeaTac was incorporated as a municipality â€Å"only months prior to the start of the project† (McMichael & Greene, 1994, p. 515), which reflected that the municipality was somehow alien to the processing of building permits and inspections. As for social acceptance, the new project of SDC would have had huge impact on the neighborhood, mainly because the project itself was huge. With the building to be extremely close to the SeaTac Airport, FAA’s rules and regulations should not be ignored. The new project of SDC posed some risks in the external and internal environments. However, these risks posed problems that could all be solved through communication, correlation, personal skills, and the procurement of knowledge and data. The most important thing, though, was to come up with the best project design that had to nullify all these risks.

Economic theory of mercantilism Essay

Mercantilism was popular and it was the prevailing economic philosophy in the Great Britain, the Netherlands, Spain, and France from the 16th to the 18th century (Gabay, et al. 2007). Gabay, ET al. asserts that according to the theory of mercantilism, for a nation to become rich and powerful, it needs to export more and import less. This basically meant that a nation on its conquest to grow richer, it had to achieve that at the expense of other nations. The difference would be an inflow of precious metals mostly gold. The more gold a nation had the richer and powerful it was. Due to this idea, mercantilists pushed for the government to restrict import and stimulate export and the fact that not all nations could do this, the mercantilists acquired precious bullion or precious metals at the expense of weaker nations (Gabay, et al. 2007). According to Ingrid Hahne Rima (2009) the larger issue of the role of trade in raising living standards of the English was not the concern of the mercantilists. For them the purpose of trade is to enrich the king and strengthen the nation politically. Rima asserts that their â€Å"fear of goods† was rooted in the premise that the quest for gold, like the quest for territory, is a zero-sum game; that is, more for England is at the expense of Spain, Italy, and Holland, and vice versa. According to Ingrid Rima (2009), most mercantilists suspected a direct relationship between the quantity of money and the level of prices. The earliest theoretical analysis of the relationship between the quantity of money and inflationary price increases was made by the sixteenth century French political philosopher Jean Bodin. He attributed the marked price rise experienced by Western Europe in his time primarily to the inflow of monetary metals from South America. Rima states that Bodin also observed that monopolies, through their policies of restricting output, and large demands by consumers of luxury commodities contributed to price increases. According to Rima, since few mercantilists favored inflation, their recommendations for a continuous accumulation of monetary metals via a favorable balance of trade appears contradictory. The mercantilists typically thought that increases in the amount of money â€Å"quicken trade† instead of producing an inflation of prices. Their advocacy of a favorable balance of trade, with its associated inflow of specie, was thereby rescued from a seeming contradiction of objectives. According to Rima, this line of reasoning reflects awareness that a growing volume of money and credit is essential to continued expansion of the physical volume of trade. Mercantilist reasoned that an inflow of hard money would keep interest rates low, while the downward pressure on prices resulting from an inadequate supply of money would serve to dampen further expansion of economic activity. Mercantilists seemed to sense the necessity of avoiding downward pressure on prices if commercial activity was to be expanded (Ingrid Hahne Rima, 2009). According to Walter LaFeber (1998) the mercantilist solicitude for production did not arise originally from a fear of overproduction, underemployment, or overpopulation. The desire for a favorable balance of trade which would result in an inflow of bullion caused the seventeenth-century thinkers to want increased production. Preoccupation with the wealth and growth of the state and the acquisition of treasure played a vital role by setting the stage for a number of corollary doctrines and policies intended to foster the achievement of these goals (Ingrid Hahne Rima, 2009). Rima states that the theory of production is of major importance, for the creation of the largest possible export surplus requires maximum utilization of the factors of production. Rima asserts that mercantilists distinguished between productive and unproductive labor in terms of its contribution to the national opulence. Manufacturers and farmers were regarded as productive, though the warmest praise was, understandably, reserved for merchants. It was also urged that the government hold the number of unproductive people to a minimum in order to direct their labor to some more useful occupation. According to Rima, mercantilist ideas on production are part of their legacy from the Scholastics of the medieval period, who regarded wealth as evidence of God’s bounty and production as the exploitation of this bounty by labor. According to Rima, another aspect of mercantilist emphasis on the importance of labor in production is the encouragement of population growth, not for the sake of mere numbers, but to increase the size of the working force. It was generally accepted that a large population, by keeping wages close to subsistence levels, would not only reduce the cost of producing goods but would also discourage the idleness that might become associated with higher wage levels. One of the most interesting bits of mercantilist reasoning incorporating views on both labor and balance of payments, according to Rima, was that when goods were exported, foreigners, in effect, pay the wages of the workers employed in making them, whereas imports involve like payments to foreigners. The obvious duty of government would therefore be to minimize foreign imports in order to achieve a favorable balance of foreign-paid income. Rima asserts that bullion is the most desirable import because it is wealth, and also has little labor incorporated in it s compared with the manufactured exports. During the era of mercantilism, economic behavior began to manifest itself through commercial activities. This is according to Ingrid Rima (2007). Rima states that mercantilist thinkers emphasized the importance of commerce and industry and the role of state in promoting economic development and national wealth (Ingrid Hahne Rima, 2009). References Gabay, Et Al (2007): Economics: It’s Concepts & Principles (w/ Agrarian Reform & Taxation) 2007: Rex Bookstore, Inc. Ingrid Hahne Rima (2009): Development of Economic Analysis 7e: Taylor & Francis Walter LaFeber (1998): The new empire: an interpretation of American expansion, 1860-1898 Cornell paperbacks: Cornell University Press