Happiness Is A State Of Contentment - 805 Words

What is happiness? Happiness is a state of contentment. For instance, when I was a child at the age of 5 years old, I would find happiness by eating dirt, playing hide and seek, and being with my older siblings. The connotation could be defined in many actions; it depends on who the question is towards. If somebody just sees the negative aspects of life he does not notice the wonderful ones. Happiness comes in a whole variety of ways. Whenever a kindergartner is asked what makes him happy, he would say hugging family,† â€Å"eating candy,† â€Å"playing with toys,â€Å" and â€Å"friends.† If a kindergartener says giving hugs or receiving hugs, for instance; the hug of his parents how his father scent of cologne he puts before he goes to work. The scent of his mother s perfume which he helped choosing with his dad. How their hearts beat next to his ear as they hug him. This type of comfort is near love which he feels with the people closest to his heart hugs him he then gets the joy of glee. Happiness is found everywhere and one must simply search in the right places to find it. For instance, someone who just learned how to tie his shoes could demonstrate happiness by getting his shoe and declaring how he learned. While he ties his shoes and hears the encouragement of his parents saying â€Å"you can do it† it then leads him to touch his shoes and sees it accomplished. These are some common examples of experiences of this emotion known as happiness. These examples demonstrateShow MoreRelatedDefining What Happiness Is All About Essay921 Words   |  4 PagesWhat Happiness Is All About By Vaishnavi S | Submitted On June 10, 2012 Recommend Article Article Comments Print Article Share this article on Facebook Share this article on Twitter Share this article on Google+ Share this article on Linkedin Share this article on StumbleUpon Share this article on Delicious Share this article on Digg Share this article on Reddit Share this article on Pinterest Expert Author Vaishnavi S What is happiness? There is no definitive meaning to happiness. It meansRead MorePursuit of Happiness647 Words   |  3 Pages25 April 2014 Authentic Happiness We began this course with the question â€Å"What is happiness? and Can we all achieve authentic Happiness? In our life we are taught many things, but we are not taught how to achieve our own happiness. 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Trends in Income and Price Elasticity of Transport †Free Samples

Questions: 1. Define and explain the three key economic ideas: 2. Using the economics or other literature to identify estimates of the income elasticity of demand for at least three different products. Answers: Define and explain the three key economic ideas: People are rational: Rationality plays an important role in the field of economics. It is a common to assume that people are rational in behaviour. They choose a bundle of goods, from the given alternatives, which gives them highest level of satisfaction. The resources are taken to be constant and the decision is made according to the priorities and preferences(Mathis Steffen, 2012). Consumer, producers and society try to maximise their level of satisfaction, profits and welfare respectively. They all work at margin. A consumer tries to consume a commodity till the point his satisfaction from additional unit turns to zero, given his level of income and prevailing prices(Krstic Krstic, 2015). Producer produces till the point where his gains from additional unit turn to zero. For example, if George produces belts, he will produce till the point where his profits (revenue- cost) turn to zero with given resources and technology. There is no incentive for him to produce further as the c osts will be higher than the revenue. People respond to incentives: Incentive motivates consumers, producers and society to increase their consumption, production and welfare respectively. A rational person compares his costs to his gains. Positive incentives increase the gains of each while the negative ones forbid further consumption or production(Cardinaels Jia, 2010). Fall in prices is a positive incentive for consumers to increase their consumption while the same phenomenon is negative for the producers and vice versa. They then decrease their production until the increase in demand (because of lower price) pushes the prices back to the initial value. Decline in prices both increases the demand and decrease the production. Producers decrease the output because their profits are reduced(MatthewMcCaffrey, 2014). For example, if the price of apples falls, Serena increases her consumption of apples with her given level of income. The reduced prices acts as in incentive and persuades Serena to increase her satisfaction with increased consumption. Optimal decisions are made at the margin: A rational person makes a decision based on a given number of alternatives. He trade-offs the ones associated with lesser satisfaction for the better ones, as per his preferences. These decisions are made with respect to the existing circumstances. It is about increase or decrease in the current consumption or production. Decisions are never about all or none. Optimum decisions are made in terms of satisfaction or profits derived from the subsequent unit. Decision will be favourable when the satisfaction or gains from the subsequent unit exceeds the cost or it and vice versa. At the optimum level, marginal cost is equal to marginal revenue. After this point, gains are less than the costs and the production or consumption is reduced(Lunenburg, 2010). For example, Dan, a bread baker, uses marginal analysis to compare the costs and gains associated with the additional production of breads. He employs his funds and other resources to increase the production when there is high demand. The gains will be more than the cost associated with the production increase. Using the economics or other literature to identify estimates of the income elasticity of demand for at least three different products. Income Elasticity of Demand estimates: Income elasticity of demand refers to the responsiveness of demanded quantity of a good for a given change in the income of the consumer(Fouquet, 2010). It is used to estimate the future production gains associated with the rise in the income level of the consumers. It can be calculated as follows: Income elasticity of demand () The income elasticity of demand has a range from zero to infinity. As the value of elasticity gets closer to infinity, the more elastic is the good. If the magnitude is closer to zero, then the good is inelastic to the income. Income elasticity range is as follows: Value Elasticity 0 Perfectly Inelastic 0 1 Relatively Inelastic 1 Unit Elastic 1 Relatively Elastic Perfectly Elastic Income elasticity of demand bifurcates goods into normal and inferior. Normal goods have a positive relationship between income level and demand while inferior goods demand increases with the decrease in income level and vice versa(Khan, 2012). Normal goods: Income Elasticity is positive Necessity goods: Income Elasticity is positive but low Luxury goods: Income Elasticity is positive and high Comfort goods: Income Elasticity is unitary (=1) Inferior goods: Income Elasticity is negative High income elasticity of demand implies that a small change in the income of the consumer, changes the demand significantly. That is the demand is very sensitive to the change in income(Fouquet, 2010). The negative sign is an indicator of negative relation between the income of the consumer and demand of the good. This implies it is an inferior good. Positive sign implies normal goods, which can be necessities, luxuries or comforts(King Weimer, 2012). Examples for income elasticity are: Suppose Daniels income increases by 15%, his demand of bread increases by 3%. Income elasticity of bread in this case will be as follows: Bread is a necessity for Daniel. Even though his income has increased, the demand for bread is not affected much. He may increase his consumption to some extent but it is not significantly high. He will consume bread even if his income decreases. The value of elasticity is positive but low. Thus, it implies that the income elasticity of necessities is relatively inelastic. Assume that the consumers income increases by 20% and the demand of gold increases by 80%. The income elasticity here will be: As can be seen, income elasticity in case of luxury goods like gold, income elasticity is high and positive. This shows that the luxury goods are relatively income elastic. Alteration in the income of the consumer results into high demand for the luxuries. If the income of the consumer rises by 20%, the demand for public transport like busses falls by 40%. Income elasticity of public busses is as follows: The negative sign only signifies that it is an inferior good. Here, the income elasticity is negative and relatively elastic. When the income of the consumer rises, the demand for inferior good gets reduced. Since, the quality of the goods is low; people opt for better options with the increased income. They switch to cabs in the given case. References Cardinaels, E., Jia, Y. (2010). The Impact of Economic Incentives and Peer Influences. Retrieved March 09, 2018, from file:///C:/Users/%234079/Downloads/econ_incent_peers_honesty_final_draft.pdf Fouquet, R. (2010). Trends in Income and Price Elasticities of Transport Demand (1850-2010). Energy Policy, 50, 50-61. Khan, S. (2012, June). Income Elasticities of Demand for major consumption items. International Journal of Scientific and Research Publications, 02(06). King, M. K., Weimer, D. L. (2012). Price and Income Elasticities of Demand for Energy. Theory and Practices for Energy Education, Training, Regulation and Standards. Krstic, B., Krstic, M. (2015). Rational Choice Theory and Random Behvaviour. Original Scientific Article, 61(01), 1-13. Lunenburg, F. C. (2010). The Decision Making Process. National Forum of Educational Administration and Supervision Journal, 27(04). Mathis, K., Steffen, A. D. (2012). From Rational Choice to Behavioural. Retrieved March 09, 2018, from https://www.unilu.ch/fileadmin/fakultaeten/rf/mathis/Dok/1_Mathis_Steffen_From_Rational_Choice_to_Behavioural_Economics.pdf MatthewMcCaffrey. (2014). Incetive and Economic Point of View: The Case of Popular Economics. The Review of Social and Economic Issues, 01(01), 71-87.

RMIT International University Vietnam Essays - Linguistics, Culture

RMIT International University Vietnam Master of Business Administration Assignment Cover Page Subject Code BUSM4450 Subject Name: Business Research Design Location Campus (SGS or HN) where you study: RMIT Hanoi Campus Title of Assignment: (In the form of a question) Assessment 3 - Reflection Journal File(s) Submitted: Assessment 3 - Reflection Journal Student name: Le Thanh Thuy Student Number: S3360505 Lecturer and Group number: Dr Matthew McDonald Assignment due date : 10/9/2017 Date of Submission: 10/9/2017 Number of pages including this one: Word Count: (Main Content - excluding appendices reference lists) Table of Contents TOC \o "1-3" \h \z \u 1.Introduction PAGEREF _Toc492507382 \h 3 2.Reflective Journal PAGEREF _Toc492507383 \h 3 2.1.Initial Problem Identification : PAGEREF _Toc492507384 \h 3 2.2.The Concepts and Theory of Research Design Application PAGEREF _Toc492507385 \h 4 2.3.Forward Movement PAGEREF _Toc492507386 \h 4 2.4.Project Team Performance PAGEREF _Toc492507387 \h 5 2.5.Positive and Negative Experiences PAGEREF _Toc492507388 \h 6 2.6.Future Career Application PAGEREF _Toc492507389 \h 6 3.Conclusion PAGEREF _Toc492507390 \h 7 Reference Lists : PAGEREF _Toc492507391 \h 8 Introduction After completing two assessments for the Business Research Design course, the coordinator gave us the formula how to write a Reflective Journal in assessment 3. The reflective writing require us to obtain the deeper thinking of personal experiences and what about the observation during the process in order to make the research proposal. Our research question is : "Why do Vietnamese workers prefer working for a foreign company to a local one?". In the journal, I will report what I have learnt from nine sessions of the course and the process that my team project have been through, what we did well and did not do well. Beside this, I will discuss more about the knowledge what I have gained and evaluate my performance in both myself and team members, clarify clearer about my thoughts and spot the patterns and links of the course, thus, I would be able to purify why things happen the way my project team did and how much successful we achieved after completing the research proposal. Furthe rmore, the reflective journal will also identify the positive experience when working in a team and evaluate the effectiveness of the course which can assist for my lifelong learning, especially for the business research career. Reflective Journal Train J Athl ( 2006 ) identifies the benefits of writing a reflective journal are strengthening personal reflection, making the critical thought become easier and enhancing the feeling expression. Additionally, Walraven V C (2017) emphasizes that the reflective journal is a helpful learning evaluation for many wide range of subjects and this writing is not much requirements for students and do not need e effort for coordinator for any helps. Instantly, reflective journal permits students to reflect on their understanding they have learnt in class by writing on the reflection, students can demonstrate their knowledge and personal experiences after each lesson based on reflective journal and propose their new plan for the next lecture. A journal writing educate students to create new perspectives and allow them to blow their mind, brainstorm many kinds of new ideas, strengthen the skillfulness and optimize their critical thinkings. Thus, for each journal writing regularly after class, students would improve certainly in terms of their writing skills, sentences consistency and their creativity and innovative thinking as well. In the next sections, my reflective journal will emphasize our Sky Team s performance and demonstrate the quality of research proposal throughout four days of intensive class. Also, I will illustrate my critical thinking and personal experiences I have gained when I taking part in my project team during attending the Business Research Design course. Additionally, based on the process of writing a reflective journal in the online RMIT Learning Lab, I will discuss three key points that how to write an effective journal writing are describing the positivity and negativity what things happened, examine and assess the learning experience throughout intensive course and further personal knowledge what I have learnt from this experiences. Initial Problem Identification : The problem our Skyteam focus on is about the high turnover rate of Vietnamese companies compare to foreign ones. Vietnam now is a developing country which high potential for foreign investments, however, there is a large amount of Vietnamese young talents tend to

A Seperate Peace- Finny&Gene essays

A Seperate Peace- Finny&Gene essays The line between friendship and hatred can sometimes be very unclear. Where exactly does one cross over this line? Could it possibly be when one discovers envy within himself for his friend, or is it when he begins to wish he is somewhere other then where he is? In the novel A Separate Peace by John Knowles, the friendship line between Finny and Gene is extremely unclear. What would cause ones best friend to jounce a tree limb in hopes the other would be harmed? To understand the relationship of Finny and Gene you must analyze their backgrounds. The narrator of the novel, Gene Forrester, is a grown man who returns to the Devon School and recollects his years spent there. During the duration of the novel Gene is around 16 years old, he is thoughtful, intelligent, with a tendency to brood. Gene is extremely competitive with a sarcastic sense of humor. He often shuns overt displays of emotion, much like most students at Devon. Genes best friend is Finny(Phineas). Finny is perfect in almost every way. He is honest, handsome, self confident, utterly disarming, extremely likable, as well as the best athlete in the entire school. Finny lives for moments of pure, unrestrained friendship, and his strong sense of loyalty extends to any group of which he is a member. He strives to be rebellious, making even the sternness proponents indulge in anarchical bliss with him. Now understanding the identity of Gene and Finny you can begin to analyze their friendship. The two characters both have their own strong and week qualities. Gene is smart and an average athlete, while Finny is an excellent athlete but a below average student. In a situation such as this, one may begin to get jealous of the others gifts. In the novel Gene realizes that Finny is extremely envious of his gifts and tries many different ways to ruin Gene. For example Finny drags Gene to the coast, keeping him up all night, ca ...

Uncontrollable randomness in life Research Paper

Uncontrollable randomness in life - Research Paper Example ‘The Birds’ a movie is set in Great Britain where humans are unexpectedly attacked by birds. The government of Great Britain fails to protect its citizens from the attacking birds. This movie depicts a situation where nature has turned against the human race and causes massive deaths (Bishop 135). Humans are unable to control nature which is represented here by the birds. Christopher D. Morris argued that the birds in Hitchcock’s film are more of a contribution to the gothic drama industry they an interpretation of natural phenomenon (Bishop 136). The presence of the birds can be understood as a method Hitchcock uses to bring out his favorite theme: destructive force of the patriarchy (Bishop 145). In the movie, Mitch tries to nail boards across the door but the birds still manage to break these defenses (Bishop 138). Patriarchy in the movie posed a greater threat to Melanie than the birds (Bishop 139) Some things happen in life that are random and beyond the human control. Birds attacking people in the Hitchcock’s movie is an example of such events. However, some critics argue that birds in Hitchcock’s movie should be interpreted as a method to bring out the theme. This paper concludes that Hitchcock used birds to depict uncontrolled situations in life as well as build on gothic

Very old man with enormous wings Essay Example | Topics and Well Written Essays - 1000 words

Very old man with enormous wings - Essay Example Everyday life details of the story are elements of realism. The events of the story are set in some coastal village sometime. Unusual guest or visitor with the wings in Pelayo’s yard attracts many people who are willing to come and see the real angel. However, no one is quite sure that the old man is really an angel. The neighboring woman â€Å"who knew everything about life and death† claimed that the man was angel. Besides, his strange language and wings on his back were one more prove which lead to conclusion that he is an angel. The man does not wish or is not able to communicate or cooperate with people. Thus, the onlookers lose their interest to the old man with the wings soon. The angle does not meet expectation neither of town’s citizens nor the reader. The very first meeting with the old man and sight of his wings does not have a positive effect neither on Pelayo nor on his wife, Elisenda. Character of the old man of the story can be interpreted as a sym bol of a crippled and ugly old age as some people perceive it. The couple is not really happy with what they find in the mud of their yard: His huge buzzard wings, dirty and half-plucked, were forever entangled in the mud. They looked at him so long and so closely that Pelayo and Elisenda very soon overcame their surprise and in the end found him familiar (Marquez). They are surprised to see his wings. However, their interest and confusion does not last for too long. They take the man as if some injured animal and put him in hen’s coop. Furthermore, citizens of the town seem to be frustrated by angel’s lack of activity or almost motionless posture in the coop. the people who came to look at real flesh and blood angel feel frustrated and even aggressively because the angel does not meet their expectation. Their behavior towards the old man is cruel, unfair and impolite. The reader is also baffled by angels’ inactivity. Slowly people leave Pelayo’s yard, be cause they lose the interest in a strange old men. Rather, their attention is switched to another interesting creature which is Spider Woman. By that time, Pelayo and his wife Elisenda manage to get some money from the onlookers and get rich. However, after public interest is gone, the couple is not interested in the fallen angel either. Even though Marquez’s second title of this short story is A Tale for Children, issues that are raised by the author is this short story are not childish. The fist theme of the story is writer’s measurement of two opposite human feelings such as cruelty and compassion. Marquez sinfully present the degree of human cruelty towards those who are week and dependent. The negative attitude to the old man is exacerbated by his unusual look and strange language which is known to no one. Heartlessness of people from this story is striking: â€Å"the most merciful threw stones at him trying to get him to rise so they could see him standing†; or â€Å"they burned his side with an iron for branding steers, for he had been motionless for so many hours that they thought he was dead† (Marquez). Elisenda and Pelayo’s first plan was to set the old man on a raft with provisions and let him sail freely. Such an act is not the most merciful one, because leaving the old almost dieing man alone is rather pitiless. However, when the couple understands that they can profit from showcasing the fallen angel to the audience they chance their plan. When their child gets well, Elisenda and Pelay

US faces worst recession in 26 years Essay Example for Free

US faces worst recession in 26 years Essay The United States is once again experiencing a recession similar to what happened in 1982. The Treasury and Federal Reserve Offices are caught in surprise as they did not expect the economy to take such a fast and dramatic collapse as it has been doing for the past months. As a result, there has been a slowing down of retail sales as consumer confidence collapses. People are not spending as much as before. They are not using their credit cards and making loans as often. Home prices are going down. Foreign demand is also weakening. Alan Blinder, a professor at Princeton and former Fed vice-chairman, is certain that the country will face a recession worse than in 2001 or 1990 but the concern now, according to him, is making sure that this recession is less deep and less long than the 1982 recession. The government has put into action the $100 billion rescue plan to stabilize the banking system and hopes that it will improve things in the next few weeks. Columbia professor and former Fed governor, Frederic Mishkin, believes that in spite the bailout, the damage has been done already so that the future still looks uncertain. In the meantime, the possibility of rising unemployment rates threatens to deepen the housing slump, depress mortgage rates and increase non-payments of consumer loans. Nevertheless, Fed officials continue to look for ways and options to improve the economic outlook of the future. I agree with the writer’s views that the economic recession exists and that it is bound to get worse even as Fed officials are doing as much as they can to at least soften the blow of the crisis. No one can deny it as we feel it everyday through stories of friends or their parents who got laid-off, who have to move because they cannot pay their house mortgages anymore or those who could not pay their credit card interests anymore. However, the economic recession that the country is experiencing today can be looked upon as just another financial problem for the United States. In the history of modern America, the country has undergone one economic crisis after another, but is still able to rise above each one. For years before every economic downturn, the country has grown and improved. One cannot always be moving up. One has to fall sometimes. The crisis today is a good wake-up call to Americans who have become too comfortable with being citizens of a rich country so that they simply buy things on credit, confident that they would always find the means to pay for them because salaries would keep increasing and their standard of living would only keep improving. A recession makes the people conscious of their spending habits and maybe this is why after a while, the economy grows again. When all of America learns to be more conservative about their spending and become more conscious of how they manage their money, the economy would improve. Reference Guha, Krishna. (19 October 2008). â€Å"US faces worst recession in 26 years,† The Financial Times. Last updated on October 19, 2008. Accessed from http://www. ft. com/cms/s/0/232eb4de-9e20-11dd-bdde-0077b07658. html? nclick_check=1