Methods of Study in Economics Essay Example for Free

Methods of Study in Economics Essay This method is also called as abstract, analytical and priority method. Under this method, laws are deduced in a logical manner. On the basis of certain fundamental assumptions or accepted axioms (principles) or truths which have been established and handed down from generation to generation, the required conclusions are found out. This method is called as abstract since it is based on abstract reasoning and not actual facts. However, actual situation may differ from what deductive logic suggests. For example, it is assumed that the man is rational and on the basis of this it is deduced that he will buy cheap and sell dear ones. However, in actual situation this may not happen because of the absence of proper knowledge and market conditions. The principle steps in the process of deriving economic generalizations through deductive logic are: 1.perception of the problem; 2.defining the technical terms and making the appropriate assumptions; 3.deducing hypothesis and; 4.testing of hypothesis deduced. Through the use of deductive method, many theories and generalizations have been established in economics. It is called as inverse relationship between the price and quantity demanded, the direct relationship between the price and quantity supplied etc. However, this method also suffers from certain handicaps such as (i) assumptions generally turn out to be untrue or partially true; (ii) valid conclusions cannot be drawn in the absence of proper knowledge of the whole situation and (iii) it is dangerous to claim universal validity for the economic generalizations so deduced. Inductive method: According to this method, conclusions are drawn on the basis of collection and analysis of the facts which are relevant to the inquiry. The logic in this case proceeds from the particular to the general. The generalizations are based on observation of individual examples. The principle steps in this method are †¢Perception of the problem; †¢Collection, classification and analysis of data by using appropriate statistical techniques; †¢Finding out the reasons for the relationship established through statistical analysis and to set rules for the verification of the principles. Many researches in macroeconomics have been obtained through inductive method such as principle of acceleration describing the factors which determine investment in an economy, the nature of consumption function describing the relationship between income and consumption etc. Inductive method is increasingly being used on account of the under mentioned facts: †¢Statistical induction leading to precise, exact and measurable conclusions; †¢It underlines the importance of relativity of economic laws and †¢It shows that generalizations are valid only under certain conditions. †¢However, this method suffers from †¢Risk of hurried conclusions having being drawn from an insufficient number of facts; †¢Difficulties involved in the collection of facts; †¢The fact that observation and experimentation have very limited application in a science that deals with human activities. Reference: http://classof1.com/homework-help/economics-homework-help

Whos Afraid of Virginia Woolf :: Whos Afraid Virginia Woolf Essays

Who's Afraid of Virginia Woolf For this book talk, I read an Edward Albee's play, "Who's Afraid of Virginia Woolf." I saw the movie version of this book, which I found excellent, so it inspired me to read the book. The book begins when George, who is an associate professor of a New England college, and Martha, who is the daughter of the college professor comes home after a faculty party. Although it is well after midnight and they are heavily drunk, Martha invites another couple, Nick who is a new and young professor in the college, and his wife Honey. The two couples continue drinking at the living room of George and Martha's house, and Martha starts complaining about George. She reveals George's failure to advance in the college even if he has an advantage as the son-in-law of the president. George tries to revenge by telling Martha's weaknesses to the guests, and the fight becomes impossible to stop making the new couple who tries to stay detached also become caught up in it. As the fight goes on and they become more drunk, Martha comes to mention about George and she's imaginary son, who has been a secret between them and a forbidden topic to tell others. Nick also tells their painful secret that he married Honey because she thought she was pregnant but that it turned out to be false. When everyone is tired and humiliated as a result, George, who was very angry about Martha's mentioning his son to the guests, he decides to tell something that will change their lives forever as a final revenge, and then the party comes to an end. The main theme of the book is the sadness and difficulties of the adult life. In the story, George and Martha cannot have a child because either of them is impotent, so they had to make up an imaginary son. Here's a quotation about their son form Martha. QUOTATION(p219) Martha's this description about him shows how much they cared for him and wanted the real one. Furthermore, they constantly fight with each other for trivial subjects even though they really want to communicate more seriously and understand deeper. The difference between their view of life also worsens their marriage because Martha always expects George to be more ambitious while George does not

ENG 125 Week 4 DQ 2 Essay

Shakespeare’s Macbeth is often considered one of literature’s greatest tragedies and is said to reveal much about human nature. Do you agree or disagree that the play conveys much about humanity or about the human experience? What, if anything, does the work suggest about human beings or society? Support your views with textual details and analysis. In your response, address how Macbeth’s subject matter, themes, form, or other literary elements might (or might not) be characteristic of tragedy. How do tragic qualities of the play contribute (or not) to the story’s larger message(s)? There can be no denying the importance of a college education for countless individuals. However, that is not to say that decisions regarding where to apply, which major to choose and how the degree program will be financed are simple ones. By heeding the tips found above, it is possible to simplify the process a bit and gain a bit of helpful perspective. This archive file of ENG 125 Week 4 Discussion Question 2 contains: Shakespeare Linguistics – English ENG125 W 4 DQ 2. Shakespeare’s Macbeth is often considered one of literature’s greatest tragedies and is said to reveal much about human nature. Do you agree or disagree that the play conveys much about humanity or about the human experience? What, if anything, does the work suggest about human beings or society? Support your views with textual details and analysis. In your response, address how Macbeth’s subject matter, themes, form, or other literary elements might (or might not) be characteristic of tragedy. How do tragic qualities of the play contribute (or not) to the story’s larger message(s)? There can be no denying the importance of a college education for countless individuals. H†¦ A+ tutorial you will find here – https://bitly. com/1oJLRXo There can be no denying the importance of a college education for countless individuals. However, that is not to say that decisions regarding where to apply, which major to choose and how the degree program will be financed are simple ones. By heeding the tips found above, it is possible to simplify the process a bit and gain a bit of helpful perspective. Linguistics – English ENG125 W 4 DQ 2. Shakespeare’s Macbeth is often considered one of literature’s greatest tragedies and is said to reveal much about human nature. Do you agree or disagree that the play conveys much about humanity or about the human experience? What, if anything, does the work suggest about human beings or society? Support your views with textual details and analysis. In your response, address how Macbeth’s subject matter, themes, form, or other literary elements might (or might not) be characteristic of tragedy. How do tragic qualities of the play contribute (or not) to the story’s larger message(s)? †¦

Informative Speech on Swimming Essay - 1974 Words

Swimming General Purpose: To inform Specific Purpose Statement: To inform my audience about the history and development of swim along with its applications. Central Idea: Swimming has a long and rich history that dates back way before our generations and is not always as beneficial as we may think. Method of Organization: Topical Introduction I. (Gain attention and interest) I remember joining the high school swim team back in my sophomore year. I remember struggling to catch a breath in between every stroke while simultaneously trying not to breath in any water. To be honest, swimming scared me, but drowning scared me more. III. (Establish credibility) Even though the risk of drowning may seem daunting,†¦show more content†¦In 1873, this hybrid stroke became known as the Trudgen stroke. 4. Trudgen effectively changed England’s swimming styles from endurance based to more speed based. iv. Another swimming pioneer, Fredrick Cavill , helped further develop Trudgen’s stroke into an even faster stroke known as the front crawl (livestrong.com). 1. He was an Englishman and a notable swimmer who emigrated to Australia. 2. Like Arthur Trudgen, Cavill observed the natives of the Solomon Islands and found that Trudgen’s stroke would have been significantly faster if he would have incorporated the native’s kicking action. 3. Cavill refined the native’s stroke and taught it to his sons, one of which would later use the stroke in a competition in England. 4. Since England was still using the Trudgen stoke, Cavill’s son Richard, destroyed his competition with the more efficient stroke, which he described as, â€Å"crawling through the water† (usaswimming.org). Hence, the name front crawl. 2. As I previously mentioned, I will describe the four basic strokes that swimming consists of, such as the freestyle, backstroke, breaststroke, and butterfly A. The Federation Internationale de Natation (FINA), the governing body for international competitive swimming, regulates everything swim related. i. FINA, states that, â€Å"the four official strokes, breast, back, free and fly, comprise all the events in national and international competition† (FINA.org) ii. Each stroke is an individual event in swimmingShow MoreRelatedInformative Speech on Synchronized Swimming913 Words   |  4 Pagesabout synchronized swimming or have never heard of it or just don’t know what it is at all. I will explain the meaning of synchronized swimming and then I will talk about how hard you have to work to be synchronized swimmer and finish it off with how we synchronized swimmers do things at meets and what we use to be able to do the things we can. What is synchronized swimming? Synchronized swimming or synchro, an easier way to say it, is a mixture of dance, gymnastics and swimming. It also includesRead MoreFranklin D. 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The pre-concert speech I found very enlighting and informative. Ms. Laura Jackson is a master at bringing her interpretation of the story of the symphony, to life. She creates a dynamic vivid image in her story telling setting one at ease in this formal and uptight environment. The concertRead MoreYour Childs Emotional and Behavioral Development, by T. Berry Brazelton and Joshua D. Sparrow1329 Words   |  6 Pageschildren make very clear their individual differences in their play, in the way they make relationships.† (Brazelton and Sparrow, pg. 11) There is a description of all four children and their temperaments of how they approach certain tasks, like the swimming pool. Marcy, Billy, and Minnie would have a determination to achieve the task, yet Minnie’s carefree attitude would entice her to jump in quicker than the others, while Tim on the other hand who is very sensitive to new situations would shy awayRead Morespeeches for tour guide on bus4135 Words   |  17 Pages In addition, many tour guides hold the responsibility of teaching tourists about safety. Even if you are only responsible for taking a tourist from the airport to his or her hotel, it is your responsibility to make the short trip interesting, informative, and safe. The fol lowing pages will help you learn some important vocabulary and phrases that you can use with your English-speaking tourists. 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