Economic analysis and competition in oligopolistic firms

Economic analysis and competition in oligopolistic firms Introduction In the world of business, there are various structures that are used to organize the various establishments according to the extents of their involvement. Oligopolies are one such classification and these are well present in countries all over the world. This essay seeks to illustrate how elements of economic analysis can be used to explain the competitive aspects of business entities that take the form of oligopolies.Advertising We will write a custom essay sample on Economic analysis and competition in oligopolistic firms specifically for you for only $16.05 $11/page Learn More To this end, a description of the term economic analysis and what it entails shall be provided alongside a complete detailing of all aspects of oligopolies. A section of the paper shall be dedicated to explore the possible impacts of long term strategic commitments on the competitive position of an oligopolistic firm. Finally a conclusion shall be provided and which sha ll serve as a summation of the arguments presented. Economic analysis Because of the scarcity of resources, the basic human needs and desires tend to be limited by a number of factors including the purchasing power and the pricing of commodities and services. Economic analysis is the process of assessing the supply and demand patterns as well as the options which customers are exposed to and the incentives that drive them to make certain purchases (Boulding 1966). This is therefore an analysis of how resources are utilized by a certain group of people. The field of economic analysis is divided into two main categories. These are economic feasibility analysis and economic impact analysis. These two are briefly explained below: Economic feasiblity analysis Business establishments and state organisations tend to go through periods of uncertainty where great risk-taking measures are required particularly when it comes to the decision making process regarding long-term strategies such as the introduction of new products (Schermerhorn 1978). For a proper economic feasibility analysis to be carried out, it is imperative that the individuals involved in conducting the study commit themselves to ensuring accuracy in the prediction of demand. To this end, it is necessary that the economic patterns as well as the purchasing power of consumers be taken into account (Schermerhorn 1978). Once the demand aspects have been dealt with, then the supply requirements can be studied and in this regard the firs have to find out which resources would be required for them to achieve their objectives. The feasibility study must also include an analysis of competitors and their basic business strategies. The economic impact analysis This refers to intense research processes carried out with an aim of providing an estimation of the economic impact of a business establishment to the region in which it is based (Pleeter 1980). The consequence of an economic occurence is a total of the cum ulative direct and indirect effects on the population. These effects are estimated by studying the levels of taxation rates, spending chains and saving patterns. These are elements that can only be analysied through scientific surveys in the target populations.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Oligopoly An oligopoly is a type of market structure where a number of large enterprises exercise dominance in the market (Friedman 1983). The business establishments in this type of market are usually big companies which have a lot of resources for investment and which generally tend to command larger market values. Such companies are also very well known in the world market because they tend to spend a huge percentage of their profits on marketing and advertising. There are two main types of oligopolies. These are the impure oligopoly and the pure oligopoly (Peeples 1989). T he impure oligopoly mainly deals in a variety of products or services while the pure oligopoly mainly deals in the type of product that has no major difference from those produced by other companies in the same line of business (Friedman 1983). Such homogeneous products include the likes of steel and wheat. In an oligopoly, there are very few sellers gunning for the biggest share of the market and this is primarily because they tend to invest a lot of resources in their daily operations. On average, most oligopolies tend to have between three and four key players (Baye 1999). The primary feature that characterizes oligopolies is the aspect of interdependence between the companies involved. A basic oligopoly will tend to be made up of very few large enterprises (Friedman 1983). Each player in the oligopoly plays a very distinct role such that any of its actions will have a significant impact on the market conditions. Economic analysis comes in handy to explain the influences of vario us companies in the oligopoly especially in the view of the fact that the other companies in competition are fully aware of their rivals’ market actions (Peeples 1989). This means that in order for an enterprise to pursue a particular market action, the institution has to consider all the possible counter-reactions by each and every member of the oligopoly. This sort of strategization likens decision making in an oligopoly to a chess game in which an player has to analyze all the possible moves and countermoves by his/her opponent before establishing a plan for attaining his/her objectives. For instance a company intending to reduce its pricing structure in order to woo more clients has to take into consideration that competitors in the same market might counter the move by reducing the prices even further. A good example is the ongoing price war between the largest mobile telephony providers in the East African country o Kenya (Zain and Safaricom) where Zain out of nowhere c ut all calling rates by 50%, a situation that forced their rivals, Safaricom to cut down their charges as well. This kind of interdependent competition has the negative effect of reducing the price to ruinous levels. Economic analysis helps understand the difference between oligopolies and monopolies in this respect of interdependence. Economic analysis helps provides an understanding of profit maximization strategies. In oligopoly markets the companies involved are generally fully aware of their competitors’ weak points. As such, the enterprises in competition will tend to exploit such weaknesses to their own advantage regardless of the fact that such actions could spark instances of unfair competitive practices.Advertising We will write a custom essay sample on Economic analysis and competition in oligopolistic firms specifically for you for only $16.05 $11/page Learn More Economic analysis helps scholars understand is aspect of competition by illu strating how oligopolies raise their profit levels by ensuring production happens at the point where marginal costs and expenditures intersect (Baye 1999). It is also through market analysis that it is easy to understand that oligopolies are able to sustain great profits by the companies acting as price setters as opposed to price takers. In some instances, firms in an oligopoly can join forces in a secret association that would see them control the market and retain the prices at an all time high (Hirschey 2009). Such cartels result in consequences similar to those of monopolies since they tend to discourage competitive tendencies (Hirschey 2009). Economic analysis comes through to provide explanations to how certain companies in the cartels conduct themselves especially since disagreements in such arragements can result in price wars breaking out. Once an oligopoly has been well established, it assumes the form of an elitist club where new entrants have to go to extensive lengths to prove their worth (Puu and Shusko 2002). In other words there are very many barriers to entry. Economic analysis helps further understand this aspect of entry by laying emphasis on the primary barriers which include economies of scale and idea licensing. Similarly, concepts of economic analysis will contribute to understanding further why the enterprises that have already established ground in the oligopoly will make all necessary efforts to ensure that nascent companies are discouraged or destroyed. In this regard, the incumbent firms can easily maintain long-run large profits by ensuring that no sideline companies enter the market to cause a split in the profits. For the sake of economic security, governments have also been known to deny some companies entry into certain lucrative business ventures. Economic analysis also explains that consumers generally tend to have limited information as regards the pricing structure and therefore will fall victims to the oppressive prices e stablished by oligopolies (Baumol and Blinder 2008). Leaving the market is equally as challenging as the entry and from the principles of economic analysis it has been established that this is due to the fact that such an exit can end up causing a lot of economic challenges for the economy of the country where the firm is located (Puu and Shusko 2002). Effects of competition in oligopolies The primary effect of competition by oligopolies is unending rivalry among the companies involved (Puu and Shusko 2002). This rivalry mainly arises from price wars necessitated by firms cutting down prices with an aim of getting an unfair advantage on their competitors.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More However, their are other forms of competition which dont necessarily involve the pricing structures, top on the list being advertising and differentiation (Hirschey 2009). Big companies tend to invest huge amounts of money in promotional campaigns which tend to work in their advantage mainly because they already have secured their own portions of the market. It is however easier for companies to lose this portion of the market than to gain bigger portions and this is the main reason why firms have to constantly make the consumer aware of their presence. Advertising remains the primary way for established companies to maintain their competitive lead. In the field of economic analysis non-price competition is considered to be one of the key oligopoly models and this is because of the benefiting effects that it gives companies (Fudenberg and Tirole 2002). As far as the price wars are concerned, one economic analysis model that can be used to explain market phenomena is the kinked deman d curve model (Fudenberg and Tirole). This model is based on the fact that oligopolists tend to appreciate that when one firm lowers its prices, other enterprises will follow suit for fear of losing their market share (McEachern 2008). When prices are decreased by a relatively large percentage, the effect is a comparatively small rise in sales; a phenomena known as inelastic demand (Baumol and Blinder 2008). However, when one firm decides to raises its prices, other firms will generally tend to ignore this and hope that the can take advantage of the situation to attract customers who will basically tend to go for the lower prices. A relatively small rise in price will come with a sharp decline in sales; a condition referred to as elastic demand (Baumol and Blinder 2008). Even in the most competitive oligopolies, their tends to be one company that commands the biggest share of the market and as such tends to set the price for the rest of the market. This aspect is explained by an eco nomic analysis model called price leadership where the rest of the companies in the circle have to wait for the dominant firm to set the price for them to follow (Fudenberg and Tirole 2002). This is a very common model because companies generally have the tendency to match prices with the largest enterprise in the business. As such when this large player decides to drop the prices to ridiculous levels, the other enterprises have no option but to drop theirs as well. As far as long term strategic commitments on the competitive position of an oligopolistic firm are concerned, there are two basic outcomes that can be arrived at. First, is that the market will gradually align itself to accord such companies superseded advantage over their competitors (Baye 1999). For instance, if a company decides to suddenly reduce the prices of its products by 40%, there is a chance that the competing oligopolies will reduce their prices to match this figure or to an even lower figure. However, due to the fact that the reduction is of high proportions, other companies may not have the financial potential to drop their prices to such extents and consequently the firm that dropped its prices will gradually gain in terms of customer drain from competitors and will hope to retain these customers in the long-term. The other effect of long term strategic commitments is that the desired effect may not be attained and the company ends up losing heavily (McEachern 2008). Drawing from the above example of a 40% price reduction, customers may not be interested in shifting their loyalty from the other competitors in the oligopoly because of the quality of service they have been getting. Under these circumstances, the company which dropped its prices may not be in a position to break even and because of pride issues, the company will not be in a position to raise its prices once its plan backfires. Conclusion This essay has extensively analysed the importance of economic analysis in explaini ng certain behaviours of oligopolies. Various analytical models have been used to provide logical explanations as to the behaviours of companies in this business structure. Aside from this, a section of the presentation has been used to elaborate on the impact of strategic commitments on the competitive positions of companies. In conclusion, it is worth noting that oligopoly is a very common market structure which tends to come with difficulties in evaluation. With companies getting bigger and acquiring more power and with the world becoming a global village on a daily basis it is almost guaranteed that this structure will in the coming years be the basic market structure. Reference List Baumol, W.J. Blinder, A.S., 2008. Economics: Principles and Policy. Connecticut: Cengage Learning. Baye, M.R., 1999. Oligopoly. Greenwich, CT: JAI Press. Boulding, K.E., 1966. Economic analysis. United States: Harper Row. Friedman, J.W., 1983. Oligopoly theory. Cambridge: CUP Archive. Fudenberg, D . Tirole, J., 2002. Dynamic models of oligopoly. United Kingdom: Routledge. Hirschey, M., 2009. Managerial economics. Connecticut: Cengage Learning. McEachern, W.A., 2008. Economics: A Contemporary Introduction. Connecticut: Cengage Learning. Peeples, J.V., 1989. Oligopoly. New Mexico: New Mexico State University. Pleeter, S., 1980. Economic impact analysis: methodology and applications. Boston: Martinus Nijhoff Publishers. Puu, T. Shusko, I., 2002. Oligopoly dynamics: models and tools. New York City: Springer. Schermerhorn, R.W., 1978. Economic feasibility analysis: what is it and how should it  be done. Hawaii: University of Hawaii Cooperative Extension Service.

Definition of Criminal Conspiracy

Definition of Criminal Conspiracy A criminal conspiracy takes place when two or more people get together and plan to commit a crime, however, there is more involved when proving that criminal conspiracy has taken place. Intent First, in order for a person to be guilty of criminal conspiracy, they must have actually meant to agree to commit a crime. Next, when the person agreed to commit a crime with others, they must intend to really do whatever the objective is of the conspiracy. For example, Mark asks Daniel to help him  steal a car. Daniel agrees, but really he has decided to contact the police and report what Mark has asked him to do. In this situation, Daniel would not be guilty of criminal conspiracy because he never intended to really help Mark steal the car. Overt Act to Further Conspiracy For a criminal conspiracy to occur, a person must take some action toward carrying out that plan. The action taken does not have to be a crime to further the conspiracy. For example, if two people plan on robbing a bank, but they never take any action towards actually robbing the bank, this could satisfy the criminal conspiracy, however, most states require that there is at least one overt act taken by at least one of the conspirators, for those involved to be charged  with criminal conspiracy. There Does Not Have to Be a Crime The crime of conspiracy can be charged whether or not the crime is ever actually carried out.   For example, if two people plan to rob and bank and they go buy ski masks to wear during the robbery, they can be charged with conspiracy to commit bank robbery, even if they never actually rob the bank or even attempt to rob the bank. Buying ski masks is not a crime, but it furthers the conspiracy to commit a crime. Participation Is Not Required In most states, persons who helped plan the crime, but did not participate in the actual criminal act, can be given the same punishment as the person who carried out the crime itself. The person who commits the crime can be charged with both the crime and conspiracy to commit the crime. One or More Crimes Equals One Conspiracy Charge In criminal conspiracy cases, if the conspiracy involves multiple crimes, those involved will still only be charged with a single act of criminal conspiracy. For example, if Mark and Joe plan to rob a valuable piece of art from someones home, then sell the art on the black market and use the money that they receive to invest in an illegal drug deal, even though they conspired to commit three crimes, they will only be charged one act of criminal conspiracy. Chain and Link Conspiracy A chain and link conspiracy is a conspiracy in which there are a series of transactions, but only one overall agreement.  The different transactions are considered the links in the overall agreement, which is considered the chain.   However, the transactions will only be considered links in a chain if each link is aware that the other links are involved in the conspiracy and each link profits in the success of the overall series of transactions.   For example, Joe smuggles in drugs from Mexico, then sells some of the drugs to Jeff, who then sells it to his street dealer named Milo and Milo sells it to his customers. Joe and Milo have never spoken, therefore there is no agreement between them concerning the selling of the drugs, but because Joe knows that Jeff sells his drugs to a street dealer and Milo knows Jeff buys the drugs from the smuggler, then each of them becomes dependent on the other in order for the entire scheme to work. Wheel and Spoke Conspiracy A wheel-and-spoke conspiracy is when one person acts as the wheel and enters into agreements with different people (the spokes) or co-conspirators who have nothing to do with each other.

The effect of oil and gas on Qatar's economy Research Paper

The effect of oil and gas on Qatar's economy - Research Paper Example The research findings and analysis could be used to determine the influence of the oil and gas sector on the economy of Qatar and the trend of economic performance of the country over the last few decades. Qatar was merely a pearl fishing center until 1940 when the oil and gas fields were explored in the country for production and extraction of oil and natural gas. The oil and gas sector in Qatar is one of the major contributors to the economy of Qatar. The petroleum industry in the oil and gas sector has a share of 60% of the gross domestic product of Qatar. The country earns 85% of its export from the sale of oil and gas extracted in the geographical boundaries of the country. It has been found that the government earns 70% of the total revenues from the oil and gas sector of the country. The oil and gas sector of Qatar has given the country the highest per capita GDP among the nations in the world. Qatar has huge volumes of proven oil and gas reserves amounting to a volume of 15 b illion barrels that is expected to provide a sustainable economic output of the country for the coming 23 years. The natural gas of Qatar amounts to a reserve exceeding 7000 cubic kilometer which forms 5% of the total natural gas reserves in the world. Qatar ranks third in the capacity of natural gas reserves in the world. The economic performance of Qatar over the last decades have been presented below in tabular form in terms of GDP, currency conversion rate with respect to the GDP, inflation index and the per capita income of the country.

IT Assignment Example | Topics and Well Written Essays - 250 words - 1

IT - Assignment Example The basic formats and practices can be duplicated however on the other hand to generalize and say IT no longer enables companies to create a competitive advantage in the marketplace was unsupported. Information technology is an evolving science its full potential still unknown. However with a better understanding of the innovative uses of the science companies have the potential of creating an advantage in the marketplace. The creation and determinant of the effective use of IT is contingent upon a myriad of factors, how a company implements the use of IT in its organizational structure and internal practices, how IT is used in a company’s external marketing campaigns, and whether the value of IT is understood by the leaders and managers as it relates to distinguishing sustainability. Corporations such as Wal-Mart, Hewlett-Packard, United Airlines and other recognizable firms provide the evidence that IT does enable companies to create a competitive advantage. Each of the companies listed has consistently used information technology to distinguish itself in the marketplace. Whereas other firms have implemented similar practices, the firms listed continue to set themselves apart by using IT in innovative and creative ways. An image of IT as a rigid format is erroneous to the contrary information technology presents unlimited possibilities. Leaders within an organization have the responsibility and duty to investigate the application and adaptability of IT practices for the maximum usage. By continuing to develop and implement IT strategies companies can position themselves as leaders within their respective industries. The lack of knowledge of the potential benefits of IT and its application within the organization as well as the benefits in the marketplace can make IT appear to be ineffective and a mundane costly endeavor (Parsons, 1984; Mata, Fuerst, & Bailey, 1995). Business leaders

If I Could Tell You Essay Essay Example for Free

If I Could Tell You Essay Essay TimeTime, said to be eternal, possess neither a beginning nor an end. Yet however there is a fixation on being able to measure it in years, months, days, hours, minutes and seconds. Trying to save time with new technology, manage time with multi-tasking activities. All in the hopes of giving meanings to the past, present and future. The past is able to been seen but not changed, today is in the present yet still unpredictable, and tomorrow is not guaranteed. If I Could Tell You by W. H. Auden is a villanelle much like others using rhyme, repetition, and meter, that revolve around the main idea of the continuity time and its unforeseeable nature. The rhyming of the alternating ending lines, â€Å"Time will say nothing but I told you so† (1) and â€Å"If I could tell you I would let you know† (3) keep the rhyme scheme which stays on the central themes. â€Å"Time will say nothing but i told you so† shows that time keeps going, because this is a statement. Although the things of the future are unforeseeable, it is guaranteed that in the end the only one who will know what will happen is Time. â€Å"If I could tell you I would let you know† show how unforeseeable Time is. Auden knows that he can not see into the future, which is why he says â€Å"If I could †. These two phrases depict the speakers understanding of the continuity of time even though he shows to have a desire to know ahead of time what to do before certain events. The villanelle itself has a rhythm as a whole through periodical thinking. The beginning shows how Time does not wait for anything or anyone, â€Å"nothing but I told you so†. He later goes on to question Time in the second stanza and if we should fight back, which is why he says â€Å"weep when clowns put on their show† and â€Å"stumble when musicians play† which are juxtapositions since these actions are not likely given the circumstances. The third stanza shows the shift as he begins to understand that Time is necessary and things have to happen for a reason, â€Å"the winds must come from somewhere†. In the fourth stanza his train of thought is nearing a conclusion as he begins to wonder if not only do things have to happen, but are they meant to happen for the greater good, â€Å"Perhaps the roses really want to grow†. The ending shows Audens maturity throughout the villanelle and ends with â€Å"If I could tell you I would let you know † stating that Time is out of his hands, but it is acceptable and if there was anyway he could help, he would. Throughout the villanelle, time is personified and introduced to the reader as an unreliable character, through. Auden blames Time for unwanted changes in life, and he repeats the line because he observes that all changes, even those that are unintentional, come with Time. The repetition of Time at the end of the stanza rather than the beginning or end display how eternal time is. The first part of each stanza question Time, but all ends with â€Å"Time will say nothing but I told you so†, explaining that whatever Auden thinks or observes, will all be part of the past in the future. Much like poetry as a whole, used to express emotion and speechless opinions, the villanelle is almost perfect fitting for the theme of time. A villanelles structure alone portrays almost a near exhibition of time. Through the first five stanzas, a villanelle is predictable with tercets although the last stanza is a quatrain. This depiction could be metaphorical that time can be planned although in the end, everything may not come to together as hoped. The meter only emphasises this metaphor more by breaking the alternating line in each of the tercets before at the end. Audens desire to be able to match time is emphasized by the repetition of two phrases by the structure of the poem, which in itself helps portray the author’s idea about times continuity and its unforeseeable nature.

Arbitration Case: Discharge Of Peter Seichek :: essays research papers

Arbitration Case: Discharge of Peter Seichek Closing Statement Mr. Arbitrator, the termination of the employment of Mr. Seichek, by the Wheelwright Corporation, was for his "sleeping on the job". Lets examine this stated reason - in the light of the evidence provided by witness testimony and contained within Mr. Seichek's personnel record. 1) Mr. Holloday testified that he and Mr. White, the third shift supervisor, observed Mr. Seichek, wearing his welding hood, sitting or leaning against the ladder, "apparently" asleep. Further, Mr. Holloday stated that he called to Mr. Seichek six or seven times to get his attention. Mr. Seichek was then directed to accompany Mr. Holloday and Mr. White to the office. In the office, Mr. Holloday told Mr. Seichek that he had been caught sleeping before, and that his absenteeism was excessive, and therefore was being suspended. Mr. Arbitrator, they found Mr. Seichek at his work station, wearing his protective clothing, waiting for a co-worker to return with needed parts, in order to continue the job. With the welding hood on, they could not positively determine that he was asleep, and six or seven calls to get his attention in the noisy, factory atmosphere is not extreme. In reference to having been caught sleeping before, Mr. Holloday, testified that on August 16,1982, that he found Mr. Seichek asleep in the reception area and on August 17, he was found asleep on a tool box near the time clock. In both instances, Mr. Holloday awakened him, directed him to clock in and return to work. Mr. Seichek complied with this direction. Mr. Holloday went on to state that these instances annoyed him, but since Mr. Seichek was on break and not "on the clock", that he (Holloday) should not and did not issue a formal, verbal warning or make any notation concerning these incidents in Mr. Seichek's record. 2) Mr. Lewis, the third shift steward, gave testimony that it has been a common practice for employees to sleep during their break periods and to occasionally doze on the job. This corresponds with Mr. Holloday's testimony concerning his decision not to issue a formal verbal warning to Mr. Seichek after he (Holloday) found him asleep during break. Of further note, Mr. Lewis stated that heard Mr. Holloday use an ethnic slur when referring to Mr. Seichek sleeping on the job. This raises a question as to the objectivity of Mr. Holloday with regard to his supervision of Mr. Seichek. On the morning of December 3, 1982, Mr. Holloday notified Ms. Delores Lopez, the Personnel Assistant, that he had suspended Mr. Seichek pending possible discharge because he had found him sleeping on the job.

Dante’s Inferno Essay

On the evening of Good Friday in the year 1300, Dante is travelling through a forest, when he gets lost. In the morning, he finds a mountain and tries to climb it, but is stopped by a lion, a wolf, and a leopard. The spirit of the poet Virgil appears and offers to take him to the top of the mountain to Heaven when his love, Beatrice, is, but the way first leads through Hell. Virgil and Dante enter through the gates of Hell and see a crowd of people along the banks of the river. Virgil tells Dante these are the souls who neither sinned nor worshipped God, and are therefore rejected by both Heaven and Hell. Charon takes them across the river. The Second Circle is guarded by Minos and is the first of four rings in which souls are punished. In the Second Circle, the souls of the lustful are blown about by never-ending winds. In the Third Circle, the souls of the gluttons are soaked by heavy rain and clawed by the three-headed dog, Cerberus. Continuing downwards, they meet the entrance to the Fourth Circle, which holds the greedy. These souls must charge at each other with boulders repeatedly. Virgil and Dante next proceed to f the city of Dis. Dis is a city within the larger region of Hell, however the demon guards refuse to open the gates. A messenger arrives from Heaven to force the gates open for Dante and Virgil. The Sixth Circle of Hell holds the Heretics, and in this circle that Dante encounters Farinata, a rival political leader. A deep valley leads into the First Ring of the Seventh Circle of Hell, where there are three inner rings. The first is where those who were violent toward others spend eternity in a river of boiling blood. The second ring is for those who were violent toward themselves, and the third ring is for those who were violent toward God. The monster Geryon transports Virgil and Dante across a great abyss to the Eighth Circle of Hell, known as Malebolge, Here, there are also many layers. The first is for the panderers and seducers, who receive lashings from whips. The second is where the flatterers must lie in a river of human feces. The simoniacs in the third layer hang upside down in baptismal fonts while their feet burn with fire. The fourth layer is for the astrologists and diviners, who are forced to walk with their heads on backward. In the fifth layer, those who have accepted bribes are torn apart by demons. In the sixth layer, the hypocrites must walk in circles for eternity while wearing robes of lead. In the seventh layer, thieves sit in a pit of vipers and turn to vipers when bitten, and then regain their human form when they bite  another thief. In the eighth layer, Dante speaks to Ulysses who will spend forever with those guilty of Spiritual Theft. In the ninth layer, those of scandal walk in a circle with wounds that open and close repeatedly. In the tenth and final layer, falsifiers suffer from plagues and diseases of all kinds. Through the Giants’ Well, Virgil and Dante proceed to the Ninth Circle of Hell, which leads to a great frozen lake named Cocytus. Virgil and Dante are picked up and placed in the lowest region of Hell by the giant Antaeus. Like the previous Circles, the Ninth Circle of Hell also contains numerous different inner Rings. In the First Ring, those who betrayed their kin stand frozen to their necks in the lake. In the Second Ring, those who betrayed their country stand frozen to their heads. However, those who betrayed their guest are destined to spend eternity lying on their back in the frozen lake in the Third Ring. In the Fourth and final ring of the Ninth Circle of Hell, an eternity in complete icy submersion is given to those who betrayed their friends. In the center of this circle is the three-headed Lucifer. His body comes from the center of the Earth where he fell when God sent him down from Heaven. In each of Lucifer’s mouths are Judas, Cassius, and Brutus. Virgil instructs Dante to climb down Lucifer, and travel out of Hell and back onto Earth. They return to Earth on Easter morning. Analysis In the first canto, Dante uses the dark forest to express the flaws he saw in the world around him at the time Inferno was written. Also, when Dante encounters the leopard, the lion, and the she-wolf. The leopard represents fraud, the lion represents pride, and the she-wolf represents incontinence. Dante is most affected by the presence of the she-wolf because, while incontinence is the least severe category of sin, it is the one to which he is most susceptible. Christian symbolism is extremely prevalent throughout Inferno, and it is first introduced in the second canto. Hell is not just described as the underworld, but a place where sinners are punished for eternity. In the inscription on the gates into Hell, each part of the Trinity is represented. The â€Å"potency divine† represents God the Father, the â€Å"wisdom supreme† is Christ, and the â€Å"primal love† is the Holy Spirit. Along these same lines, the use of the Trinity is also used in the last canto, when we are  introduced to the three-headed Lucifer. The three heads could represent the Father, Son, and Holy Spirit as well. In the fourth canto, Dante explains that Limbo is for those who have not been baptized, thus addressing one of the great moral problems of Christianity. Baptism is considered necessary to go to Heaven, but it does not seem fair that people who do not know of Christianity should suffer for something they have no control over. Dante takes care of this problem by keeping those who are not Christian in Hell, but giving them a much less painful fate by giving them eternity in Limbo. The timeframe of Dante’s Inferno is extremely relevant in terms of Christianity. Dante begins his journey through Hell on Good Friday and emerges and returns to Earth on Easter day. This means that he was â€Å"dead† for the time period following the crucifixion of Christ, and he has risen with him. To look further into the other religions represented in Inferno, the tower in the city of Dis that Dante refers to is a mosque, to further emphasize that anyone who does not believe in Christianity is a nonbeliever and should be in Hell. It is also interesting to look at the role Dante plays throughout Inferno. Throughout, it is clear that Beatrice has kept a careful eye on Dante’s progress and is prepared to intervene when necessary to ensure that he gets to her. In the first canto, when Dante is lost, Beatrice sends Virgil to guide him, and when Virgil and Dante are not admitted into Dis, Beatrice sent a messenger to let them in. Without Beatrice, Dante would be lost. She is the only reason he has a chance at making it to Heaven. Dante faints and weeps numerous times, further indicating his weakness and his reliance on Beatrice and Virgil. He expresses fear of the wild beasts in the first canto and of many of the other demons in the other circles. These weaknesses emphasize how little he does for himself. He follows the path that is laid out for him by Beatrice and Virgil, and does nothing more than that. In many contexts, Dante is held as a hero, but he is really just relying on others.

Built in International style Essay

Administration Building Built in 1949, architect in Pablo Antonio Sr. (National Artist for Architecture) Architecture is in art deco style (art deco came from the French word â€Å"art decoratifs†) emphasizing the 3’s (shape, symmetry and subtlety) ï‚ · The four monti bas reliefs by Francesco R. Monti (renowned Italian sculptor). Made up of plaster of Paris and Kamagong o 1. Historical landing of the Chinese on the Philippine soil o 2. First Baptism of the Filipinos by Magellan o 3. A barrio scene from the Spanish era o 4. Filipino builders against the background of ships, buildings and vehicles which shows the modern industrialization of the country – art deco celebrated industry ï‚ · Carara marbles – very expensive marble from Italy (Carrara marble no longer exists)   Gintong Pawis/ Bayanihan by Robert T. Ko – Robert Ko is a professor of Fine Arts in FEU   The mural by Antonio Dumlao ( 60yrs) – Conveys the university mission of training the youth for progress Glass Panels (Stained Glass) by Antonio Dumlao – sarimanok o Bought around 2009 – pays tribute to FEU 80th year anniversary The university purchased the Sarimank stained glass panels in 2009 to coincide with the 60th anniversary of the Administration Building, the FEU Auditorium and the Dumlao mural on the 2nd floor. Central skylight Auditorium Formerly the Cultural Center of the Philippines (CCP) during 1950’s-1960’s. All the foremost Filipino and foreign artists performed on its stage. It was the only air-conditioned venue. It had a revolving stage and an orchestra pit making it ideal for many productions.   Various artist performed both local and international artist (eg. Lisa Macuja, Alexandra Danilora, Alexandra Danilova (prima ballerina), Isaac Stern (violinist), Martha Graham (Dance Drama), Leonor Orosa Goquinco (National Artist for Dance) Nick Joaquin (National Artist for Theater) Lamberto & Daisy Avellana (National Artists for Theater) Lucio San Pedro (National Artist for Music) It houses 1040 seats, it has a revolving stage which is not being use anymore due to too much electricity consumption   Art deco was embellished in the auditorium thru the star diamond shapes on the ceiling. Serve as lighting while the triangle shape serve as air-condition for the ventilation   It complements the color of the university (green and gold) ï‚ · Plaque of UNESCO and the CCP PLAQUE Others: Institute seals by Galo Ocampo ( Father of Philippine Heraldry) ï‚ · Fluvial Festival of San Clemente painted by National Artist for Visual arts, Carlos â€Å"Botong† Francisco Nicanor Reyes Sr. Facts 1st president of FEU – Founder 1st Filipino accountant He envisioned a school that would promote the teaching of accounting to Filipinos, a profession formerly available only to foreigners. He wanted to prove that Filipinos were capable and trustworthy in handling the hundred of enterprises that would result with the coming of the independence of the country. For that matter, he finished his studies in the USA for him to be capable enough to establish a school that will cater to his visions He earned an A.B. in 1915 from the University of the Philippines, a bachelor’s degree in Commercial Science from New York University in 1917, and a Master of Arts degree in Business Administration from Columbia University the following year. He received his Ph.D. in Accountancy from Columbia (that’s why he is considered the 1st Filipino accountant) which was also the first degree of its kind to be awarded by Columbia. ï‚ · The Japanese killed him during the pacific war (world war II) and some members of the family. ï‚ · Later on his son Nicanor M. Reyes Jr. became the president of FEU

Writing a Custom Annotated Bibliography

Writing a Custom Annotated Bibliography The research paper is one of the most common academic writing assignments. But there is a plenty of other tasks like an annotated bibliography. This paper looks like is a list of primary and secondary sources on a specific subject that can be applied to the particular sphere of education. The best approach to writing such task with each clearly cited reference is to pretend you are a tutor who is recommending literature to be used for the accuracy of research. Sure thing, you should better read another article like this one to have more information on how to prepare a correct piece. But if you know how to choose the best source out of all relevant and up-to-date sources, then you’re half the way. Of course, writing skills are also required. Thus, sometimes it is better to buy excellent bibliography or its example online. Annotated bibliography is a useful paper for lengthy research paper or dissertation. It can be 2-3 pages with accurately chosen and properly listed sources. Still, it is separate assignment with its own format which can help students earn additional points throughout the course. Unlike essay or research paper, writing this sort of task does not always require citing text. It’s rather a summary or an objective review of each used source: Textbook Non-academic book Journal, newspaper or magazine article Audio Lecture Video/film Website Other Each entry has to be carefully formatted with respect to the required academic writing style. To remind, those are APA, MLA, Chicago, Vancouver, and other. The language should be concise and clear. There is a big difference how you cite textbook and Wikipedia or other internet sources. On the whole, each bibliography entry looks this way: A reference to the source just like you do at the end of each essay or research paper (authors, date, title, etc.); A brief summary (a section which includes 300-500 words) of the source. It can even be 2-3 sentences in length. If the student wants, he may cite a strong point. It depends on the length of the source and ability to include the main ideas in just a couple of paragraphs. Important: a student is also encouraged to add his own critique to show personal awareness of both particular source in the bibliography and subject. You may mention why this content might be useful to observe a particular topic with the help of bibliography. Don’t forget that the process of writing this type of assignment requires all sources to be named in alphabetical order. Teachers and professors usually assign this sort of paper for several different reasons like to make students provide valuable and logical feedback to the works cited. In other words, they want to see how students explain and select the sources. Second, this assignment allows students to find, choose, and use databases to place peer-reviewed pieces, as well as correctly format or Reference pages. Why Bibliography Is an Important Task Bibliographies are assigned within a great variety of disciplines. People who conduct research on a professional level and journalist also need to write down this type of work. The best authors on the market possess knowledge which is not limited by humanitarian or scientific subjects only. These writers possess a wide area of expertise, including even the narrowest subjects like Gender Studies or E-commerce. Because of the emerging technological progress and changing viewpoints, students have to pick only the latest sources for their bibliography. Each one should be no more than 5 years old. No matter whether you are a student from the US, Canada, Australia, and the UK, you have to use only classical English when writing such academic assignments as a bibliography. Mind your vocabulary, grammar, a particular subject, and writing style. The paper has to contain 100% unique content. Writing an annotated bibliography can be really cheap in case you decide to order one here. Thus, get armed to the teeth with the best writing experts by your side!

Finding Scholarly Journal Articles for Research

Finding Scholarly Journal Articles for Research Your professor may tell you that you’re required to use journal articles for your research paper. You read articles all the time in magazines- but you know that’s not the sort of article your professor is looking for. Scholarly articles are reports written by professional people who specialize in specific fields, like Caribbean history, British literature, underwater archaeology, and educational psychology. These reports are often published in hardbound periodical journals, which look much like encyclopedias. You’ll find a section of your library dedicated to journal collections. How to Find a Journal Article There is a difference between finding articles that exist and actually putting your hands on an article that you discover through a search. First, you find articles that exist. Then you figure out how to get access to them. You can find articles that exist by using a search engine. Through a search, you will find names and descriptions of articles out there in the world of academia. There will be special search engines loaded onto your library’s computers that generate article lists, based on your search criteria. If you are at home, you can use Google Scholar to search. To use Google Scholar, enter your topic and the word â€Å"journal† in the search box. (You enter the word journal to avoid getting books.) Example: Enter â€Å"squid beaks† and â€Å"journal† in the Google Scholar box and you will generate a list of journal articles that have something to do with squid beaks from: International Journal of ZoologyJournal of Field Ornithology Antarctic ScienceCanadian Journal of Fisheries and Aquatic ScienceMarine Mammal Science Once you have identified articles with a search, you may or may not be able to access the actual text online. If you are in a library, you will have better luck at this: you’ll be able to access articles that you can’t access at home because libraries have special access that individuals don’t. To make your life easier, ask a reference librarian for help getting to a full-text journal article online. Once you access the article online, print it out and take it home with you. Make sure you note enough information to cite the article. Finding Articles on the Shelves If the article is not available online, you may find that is published in a bound journal that is located on the shelves of your library (your library will have a list of journals it holds). When this happens, you simply find the right volume on the shelf and go to the correct page. Most researchers like to photocopy the entire article, but you might be happy just taking notes. Be sure to record page numbers and other information you’ll need for citations. Accessing Articles via Interlibrary Loans Your library may hold a number of bound journals, but no library contains every journal published. Libraries buy subscriptions to articles that they think their visitors will be most interested in finding. The good news is that you can request a printed copy of any article through a process called the interlibrary loan. If you discover an article that exists only in printed form, but it’s not in your own library, you’re still OK. A library official will help you by contacting another library and ordering a copy. This process takes a week or so, but it is a lifesaver!

The Challenges That Induce Unfavorable Conditions Assignment

The Challenges That Induce Unfavorable Conditions - Assignment Example Deida, in his book, ‘The way of the superior man,’ notes that men positively convert challenges into growth. He explores a positive perspective of growth that stimulates individuals to works towards realizing their potentials. This is one of the ways in which challenges helps people to grow. When faced with a challenge, a person’s weakness is exposed to him and to the society by extension and this may trigger an initiative to cover the weakness by solving it. Challenges, therefore, stimulate growth by initiating improvements (Deida, p. 61). Challenges also form the basis upon which developments can be built, especially among people with positive attitudes. A person with a positive attitude particularly identifies a challenge with the notion that the challenge can be solved. Such individual, therefore, explores avenues into generating solutions to challenges a move that identifies challenges as an avenue towards growth (Emmerling, Ghanwal and Mandal, p. 42). Exploration of the story, ‘graduation,’ directly expresses growth through challenges. The main title of the book that conveys the author’s themes for example talks of the singing of a caged bird. While the bird faces a challenge of loss of freedom, its condition prompts it to sing in an attempt to find help out of the cage. The author also directly illustrates the impacts of poverty, as a challenge, towards innovation and hard work. While the rich could easily afford clothes for the graduation ceremony, the poor class developed initiatives having presentable clothes. Similarly, the narrator explains how her mother made her an outstanding garment from what they could afford.  Such an initiative was prompted by her family’s financial challenge. The narrator’s high ambitions to success were also most likely inspired by the level of poverty in their family.