Supply and Demand Simulation Essay Example for Free

Supply and Demand Simulation Essay Supply and demand is considered a basic economic concept, as well as a vital part of a free market economy. In whereas supply is the amount of something, such as a product or service, demand is the amount of the product or service that buyers want to purchase. The relationship between supply and demand has a good deal of influence on the price of goods and services. In the scenario, a number of factors, including price increases or decreases, cause change in supply and demand. For example, a decrease in the rental price of two roomed apartments caused an increase in the demand of houses by a significant margin. A rise in the population of Atlantis led to a greater demand for housing which in turn contributed to the rise in rental prices as demand-outstripped supply. As a consequence, the suppliers were eager to supply more units at improved rental prices. When the population decreased, the demand for housing fell and the available units were leased out at low prices. Naturally, the suppliers were not very keen to supply all their units to the market at depressed prices. Available substitutes affect the demand and supply of a commodity. A number of people in Atlantis owned homes in the suburbs and did not need to rent houses in the town. The demand for houses dropped and this forced the suppliers to cut back on supply or reduce rents in bid to attract more clients. Consumer tastes and preferences affect the supply and demand of goods and services in the market When consumer trends shifted from two roomed apartments to detached houses, the shift in demand for apartments fell while the demand for detached houses rose. As a result, suppliers increased the supply of detached houses. Under free market conditions, a negative shift in demand results in lower quantities demanded and as such, suppliers are inclined to reduce supply. A positive shift in demand leads to a rise in quantities demanded and a positive shift in supply as supplier’s position themselves to take advantage of higher prices. As a supplier, the lower the price, the less I will supply to the market in a bid to push up prices when demand increases. With a rise  in demand, supplying more units to the market would make more profits by charging higher rents. The simulation focused on the following key points: The equilibrium price and quantity, Shifts in demand, Shifts in supply, and Changes in price. The concepts of demand and supply, as demonstrated in the simulation, instruct one how to respond to changes due to shifts in market fundamentals. Whenever there is a change in demand due to any of the factors affecting it, an entrepreneur should be quick to respond appropriately to maintain one’s share of the market. This may involve lowering of the price and a reduction in the number of units supplied. In the event that demand rises, the supplier should increase supply to realize higher profits from increased sales at higher prices. When government authorities impose price restrictions, a supplier should only supply that number of units that correspond to the restricted price as determined by the intersection of the demand and supply curves. In regards to my results of the simulation, my vacancy rate was constant 12 % that generated total revenues of $ 1.8 million. Battling the rise and demand, I opted for those rents that equaled the equilibrium price as determined by the intersection of the demand and supply curves. With the imposition of a price ceiling, I chose the quantity supplied that equaled that quantity determined by the intersection of the supply and demand curves at the predetermined price. The underlying criteria I adopted for deciding on a particular price was the concept of equilibrium; I decided that the market forces of demand and supply are the best determinants of what is optimal for both producers and consumers.

Who is Arafat? :: Politics Political

Who is Arafat? Now more than ever President Bush is pushing Israel for a withdrawal from the Palestinian-occupied territories in order get the cease-fire in effect. President Bush once said that one cannot negotiate with terrorists; the question now is whether Arafat is a terrorist or a peacemaker. The answer is simple: Arafat is a terrorist, and President Bush should not force Prime Minister Sharon to negotiate with a terrorist. If Arafat is not a terrorist then why are Fatah and Al-Aqsa Martyrs Brigade (terrorist groups) headed by Arafat (Kalman 1)? President Bush must face the truth about the Arab terror against Israel; he has to "see that the goal of the Arab world has always been, and still is, to destroy the state of Israel"(Podhoretz 2). The fact is that after the Oslo peace accords in September 1993, Palestinians killed more Israelis than in the 15 years that preceded the accord (Kelly 2). If there was no peace as a result of that accord, why should anyone expect peace after any other accord that Arafat is in charge of, as he was in Oslo? How can a man that won the Nobel Peace Prize in 1993, now urge Palestinians to "sacrifice themselves as martyrs in jihad (holy war) for Palestine"(Kalman 2)? Is this a man that anyone can negotiate with? Reuters reports that on April 1, 2002 "one of Lebanon's most prominent Shiite Muslim cleric [gave] his blessing to female suicide bombers, like [the] one who struck in Jerusalem on Friday (March 29, 2002), calling them authors of a 'new, glorious history for Arab and Muslim women.'"(Par. 1) President Bush must see that: "there is no moral difference between the terrorists operating out of the PA and the al-Qaida network. He will recognize that to sponsor the establishment of a state run by the thugs and murderers of the PA would be tantamount to putting the Taliban back into power in Afghanistan" (Podhoretz 4). To assail Israel now and make Sharon pull Israeli troops out of Palestinian territory without fully completing their task of rooting out the terrorists would be like telling Bush that he has to pull out American troops from Afghanistan because our troops are invading their land. After Prime Minister Sharon announced war on terrorism and began sending Israeli troops into Palestinian territories, there have been fewer suicide bombings. While Israel was occupying the major Palestinian towns, there were no suicide bombings for about eight days, but as soon as Israel started pulling out, suicide bombings began again. Who is Arafat? :: Politics Political Who is Arafat? Now more than ever President Bush is pushing Israel for a withdrawal from the Palestinian-occupied territories in order get the cease-fire in effect. President Bush once said that one cannot negotiate with terrorists; the question now is whether Arafat is a terrorist or a peacemaker. The answer is simple: Arafat is a terrorist, and President Bush should not force Prime Minister Sharon to negotiate with a terrorist. If Arafat is not a terrorist then why are Fatah and Al-Aqsa Martyrs Brigade (terrorist groups) headed by Arafat (Kalman 1)? President Bush must face the truth about the Arab terror against Israel; he has to "see that the goal of the Arab world has always been, and still is, to destroy the state of Israel"(Podhoretz 2). The fact is that after the Oslo peace accords in September 1993, Palestinians killed more Israelis than in the 15 years that preceded the accord (Kelly 2). If there was no peace as a result of that accord, why should anyone expect peace after any other accord that Arafat is in charge of, as he was in Oslo? How can a man that won the Nobel Peace Prize in 1993, now urge Palestinians to "sacrifice themselves as martyrs in jihad (holy war) for Palestine"(Kalman 2)? Is this a man that anyone can negotiate with? Reuters reports that on April 1, 2002 "one of Lebanon's most prominent Shiite Muslim cleric [gave] his blessing to female suicide bombers, like [the] one who struck in Jerusalem on Friday (March 29, 2002), calling them authors of a 'new, glorious history for Arab and Muslim women.'"(Par. 1) President Bush must see that: "there is no moral difference between the terrorists operating out of the PA and the al-Qaida network. He will recognize that to sponsor the establishment of a state run by the thugs and murderers of the PA would be tantamount to putting the Taliban back into power in Afghanistan" (Podhoretz 4). To assail Israel now and make Sharon pull Israeli troops out of Palestinian territory without fully completing their task of rooting out the terrorists would be like telling Bush that he has to pull out American troops from Afghanistan because our troops are invading their land. After Prime Minister Sharon announced war on terrorism and began sending Israeli troops into Palestinian territories, there have been fewer suicide bombings. While Israel was occupying the major Palestinian towns, there were no suicide bombings for about eight days, but as soon as Israel started pulling out, suicide bombings began again.

Education as Most Important Factor in Developing Country

Education is the single most important factor in the development of a country. Do you agree? What is actual value of education today? Nowadays, when our world is constantly developing in the area of economics, and other fields there’s  a strong growing need in experienced and talented people  who will be able to make significant contribution in the economy of the country’s life. Thus, it is important to say that  education plays a significant role in the development process of countries.To answer on my question, firstly I would like to point the importance of education. In real life, people can live without education but education is the quickest and surest way to help people improve their knowledge and to gain experiences. Basic education provides people with a greater understanding of basic daily information about life as well as of their own potential. Higher education  is not obligatory for young people. Thus, it means that they have only their experience to learn from.But those people who are longing for obtaining high positions in the society are required to have good knowledge basis. How can education improve development of country? A country with a strong educational system can more definitely develop in the future. In developing countries, improving people's knowledge is very important because their attitude can be influenced by the development of the country. There's a famous saying â€Å"If you give a man a fish you feed him for a day, if you teach the man to fish you feed him for a lifetime†.Education is long term investment. Maybe we will not be able to see the results imediately, but it is essential to ensure growth and prosperity. Also it is important to put quality before quantity – the goal must be for all education programmes to be of the highest quality, with the number of places tailored to the needs of the labour market. It is not the quantity of graduates that determines our competitiveness, but the qual ity of our programmes from an international perspective.With a good educational system, people can study easily, they can understand the newest technology, and then they can improve their lives. However, even with good educational system in one country, problem may arise. It is so called â€Å"brain drain†. It is defined as the loss of skilled intellectual and technical labor through the movement of such labor to more favorable geographic, economic, or professional environments. Individuals that are educated in developing country may move to the developed countries such as USA, England, and countinue their lifes there.In this case, education cannot bring any good for country where young people are more concerned about their own prosperity than prosperity of their native country. Although there are a lot of other factors that are of huge importance for growth of one country, I agree that education is the single most important development in the country. Of course, every person possesses good qualities along with bad ones, but  higher education gives us an opportunity  to develop our better sides by providing our society with members, whose aim is to contribute to the country’s development.

Themes for May Classroom Activities

Here is a list of May themes, events, and holidays with correlating activities to go with them. Use these ideas for inspiration to create your own lesson plans and activities, or use the ideas provided. These are great before things slow down and focus on the summer break in June. Get Caught Reading Month   The Association of American Publishers nationally launched Get Caught Reading Month to remind people how much fun it is to read. Celebrate this month by having students see how many books they can read in the month of May. The winner of the contest can receive a free book! National Physical Fitness and Sports Month Celebrate by getting active, learning about nutrition, and creating sports crafts. American Bike Month Celebrate American Bike month by having students ride their bikes to school on May 8th and learning the rules of the road and how to be safe. Childrens Book Week   Childrens Book Week often occurs at the beginning of May, but youll need to check the dates each year. Since 1919, National Childrens Book Week has been dedicated to  encouraging  young readers to enjoy books. Celebrate this day by providing  activities  that will encourage your students to love reading. Teacher Appreciation Week Teacher Appreciate Week occurs in May, but the dates can vary. During this week, schools across the nation celebrate the hard work and dedication of teachers. Try a few of  these teacher appreciation activities  with your students. National Postcard Week   During the first full week of May, celebrate National Postcard Week by creating postcards and sending them to other students across the country. National Pet Week During the first full week of May, celebrate Pet Week by having students bring in a photograph of their pet to share with the class. National Police Week   National police week occurs the calendar week during which May 15th falls. Invite a local policeman to your school, or plan a field trip to your local police station to honor this week-long celebration. National Transportation Week National Transportation Week usually occurs during the third week of May. Celebrate the community of transportation professionals by having students explore possible jobs in the transportation field. Have students research and fill out an application for a job opening in the field of their choice. Mothers Day Mothers  day  is observed on the second Sunday of May every year. Celebrate with  Mothers Day activities, or try these last-minute lesson plans. You can also use this word list to help you create a Mothers Day poem. Memorial Day Memorial Day is celebrated on the last Monday of May each year. This is a time to celebrate and honor the soldiers that sacrificed their lives for our freedom. Honor this day by providing students with a few  fun activities, and teach students the value of honoring the memory of those who came before us with a  Memorial Day lesson plan. May 1: May Day   Celebrate May Day with crafts and activities. May 1:  Mother Goose Day Explore the truth about Mother Goose by reading the Real Mother Goose. May 1: Hawaiian Lei Day In 1927 Don Blanding came up with having a Hawaiian holiday that everyone can celebrate. Honor his wishes by partaking in Hawaiian traditions and learning about the culture. May 2: Holocaust Remembrance Day   Learn about the history of the Holocaust, and read age-appropriate stories such as The Diary of Anne Frank and One Candle by Eve Bunting. May 3: Space Day   The ultimate goal of Space Day is to promote math, science, and technology, and inspire children about the wonders of the universe. Celebrate this day by having your students partake in a few fun space-related activities to help nurture their curiosity of the universe. May 4: Star Wars Day   This is a day to celebrate the Star Wars culture and honor the films. A fun way to celebrate this day is by having students bring in their action figures. You can use these figures as inspiration to create a writing piece. May 5: Cinco De Mayo   Celebrate this Mexican holiday by having a party, making a pinata, and making a sombrero. May 6: No Homework Day   Your students work hard each day, celebrate this day by giving your students a No Homework Pass for the day. May 7: National Teachers Day   Finally, a day to honor and celebrate all of the hard work teachers do! Show your appreciation for our fellow teachers by having students write a letter of appreciation to each of their teachers (art, music, physical education, etc). May 8: National School Nurses Day   Honor your school nurse by having students create a special gift of appreciation. May 8: No Socks Day To celebrate this wacky and fun day have students create crafts out of socks, learn the history, and wear fun colored socks to school for the day. May 9: Peter Pan Day On May 9, 1960, James Barrie (the creator of Peter Pan) was born. Celebrate this day by learning about the creator James Barrie, watching the movie, reading the story, and learning the quotes. After reading his quotes have students try and come up with their own. May 14: The Start of the Lewis and Clark Expedition   This is a great day to teach your students about Thomas Jefferson and his role in the Lewis and Clark expedition. Learn the history of the expedition, and read students the book Who Was Thomas Jefferson by Dennis Brindell Fradin and Nancy Harrison, and visit the Monticello website for photos and additional resources. May 15: National Chocolate Chip Day Whats a better way to celebrate National Chocolate Chip Day than to bake some cookies with your students! For some added fun, try this chocolate bar math lesson. May 16: Wear Purple for Peace Day   Help make the world a better place by having all students wear purple for peace day. May 18: Armed Forces Day   Pay tribute to the men and women who serve the United States armed forces by having students write a thank you letter to someone in your local armed forces. May 20: Weights and Measures Day On May 20, 1875, an International treaty was signed to establish an international branch of weights and measures. Celebrate this day with your students by measuring objects, learning about volume, and exploring  non-standard measures. May 23: Lucky Penny Day   Lucky Penny Day is celebrated to reinforce the theory that if you find a penny and pick it up, you will have good luck. Celebrate this fun day with your students by creating a penny craft, counting and sorting pennies, or using pennies to graph Another fun idea is to give students the writing prompt, Once I found a lucky penny and when I picked it up... May 24: Morse Code Day   On May 24, 1844, the first Morse code message was sent. Celebrate this day by teaching your students Morse Code. The students will love the secretiveness of it all. May 29: Paper Clip Day   In 1899 Johan Vaaler, a Norwegian inventor invented the paper clip. Honor this amazing little wire by having students come up with a new way to use it. May 29: John F. Kennedys Birthday   John F. Kennedy was one of the most beloved United States Presidents of our time. Honor this remarkable man and all of his accomplishments by having students create a KWL Chart, then read your students his biography, called Who Was John F. Kennedy? by Yona Zeldis McDonough. May 31:  World No Tobacco Day   World No Tobacco Day is a day to reinforce and highlight the health risks associated with tobacco use. Take time out on this day to stress the importance of why students should not smoke.