The Economic Way of Thinking Essay Example | Topics and Well Written Essays - 1000 words

The Economic Way of Thinking - Essay Example This paper outlines the growing importance of applying economic way of thinking in today`s world. Thinking economically provides a perspective on social transactions and human decisions. It can be summarized as the perspective that egresses from the supposition that all kinds of social processes consequence from interactions amongst the selections made by individuals after estimating the anticipated costs and benefits their choices inherent. Economics maintains that individuals make selections on the basis of their perceptions of what could be beneficial to them. The instruments of economic thinking assist individuals in understanding what determines the perceptions of alternatives faced by individuals. Economics relates with human actions, the way they respond to situations and the way the actions of different individuals are aligned in society. Economic thinking is ubiquitously suitable and always practicable; it can be employed by any culture or age group, in any context or situation. The perceptivity it furnishes is powerful and can assist even very juvenile students add up of the sometimes bewildering world. The instruments of economic thinking assist individuals in understanding what determines the perceptions of alternatives faced by individuals The centrality of apprehending human behavior resides in discovering incentives. There are a number of principles that can be considered as fundamental to economic thinking and can help in understanding the way humans behave, public policy matters and markets. Moreover, prices and markets coordinate with each other in influencing the human behavior. Discussion Thinking economically provides a perspective on social transactions and human decisions. It can be summarized as the perspective that egresses from the supposition that all kinds of social processes consequence from interactions amongst the selections made by individuals after estimating the anticipated costs and benefits their choices inherent. This view is particularly useful when applied to explain the functioning of predominately neutral network of dealings that are referred as simply economy or the market system. Economics basically deals with the reality of scarcity that makes individuals to pick amongst various alternatives since there is a competition over scarce resources amongst individuals as the services and goods are desired in much greater quantity than they are available in the nature (Slesinger, Gilbertie & Tarullo, 1993). Being human, people desire for services and g oods is virtually limitless. But this unlimited desire cannot be furnished, due to the presence of constraints that restricts our ability to fulfill our wants. Scarcity is said to be there whenever the resource or good desired is available in lesser amounts in nature than the amounts required or desired by people. However, there exist few resources that are not scarce like sea water as it is less required than its availability but everything else is less than what is required by people even the time is scarce too. Economically a good may be considered as scarce even if it has been produced in greater quantities as long as it is not provided by nature in quantities required by all individuals. Such as automobiles and apples that can be seen in abundance in United States but still they are scarce because we’ll need more than what has been provided by the nature (Giesbrecht & Clayton, 1997). This concept of scarcity makes people to choose amongst the options provided such as a s tudent may consider deciding between studying for an hour and watching a movie for the utilization of his time. And these choices are the outcome of the scarcity. These choices can be based on intuition but economics calls for rationality. Rationality requires that while deciding the associated benefits and costs of a decision should be compared and whenever a choice is made, it consequences from the

A Comparison of the Grendel of Beowulf and Gardners Grendel :: comparison compare contrast essays

A Comparison of the Grendel of Beowulf and Gardner's Grendel The novel Grendel by John Gardner portrays a significantly different picture of Grendel than the epic poem Beowulf paints. Grendel is a non-human being who posses human qualities. In either story it is not specified what type of being Grendel is, nor does it tell of what exactly Grendel looks like. The only idea the reader has of the sight of Grendel is the small hints either author gives. We know he stands on two feet as humans do, we know he is covered in hair, and we know he is monstrous. Although there are many significant differences between the two stories there is one idea that stands out the most when I read Grendel. That idea is in the poem Beowulf, Grendel is portrayed a large animalistic beast. This gives the reader the feeling that Grendel is solely driven by his animal instincts and does not posses the same thought processes as humans do. For example the line "the monster stepped on the bright paved floor, crazed with evil anger; from his strange eyes an ugly light shone out like fire" (Beowulf line 725), proves this point. In the novel however this point lacks development. Rather Grendel is portrayed as a confused creature passing through life looking for answers. Surprisingly Grendel walks the forest in harmony with the animals. He does not act like the blood hungry beast he is seen as in Beowulf. In the novel -- Grendel is walking the forest and comes across a doe. He notices that the doe is staring in fright and suddenly runs away. One would assume from the ideas hinted in Beowulf that Grendel would have attacked the deer. However Grendel appears upset with the deer's actions. He says; " Blind Prejudice" (Gardner 7) "Ah, the unfairness of everything, I say and shake my head. It is a matter of fact that I have never killed a deer in all my life, and never will." (Gardner 8) Grendel is a confused creature. Since he walks alone he has more than enough time to think about his life. He always used to ask his mother " why are we here" (Gardner 11) the only way he realized the truth was from

Exam Study Guide

Egypt- Ancient Egypt was sustained by a river as well. The Nile river valley was named Kempt â€Å"the black land† because of the rich black soil that was deposited yearly by the Nile floodwater's. The Egyptians were skilled in geometry which was important in measuring out the dimensions of property after the floods had destroyed old reporter lines. Religion was a major role in Egyptian society, so people made sacrifices to the gods in order to protect their families from the river. This Egyptian society is a great example of how the geography of the land can help shape almost every aspect of a society. . How can the Epic of Galoshes help historians better understand Sumerian Sumerian city-state of Rusk in the third millennium BCC and who was probably responsible for constructing the city walls, which archaeologists later determined had a perimeter of almost six miles. We can also look at how the society is described n the epic, and what kind of place, for example, women had i n that society. Pig 17 3. How did Sumerian advances in technology help shape society in the Fertile Crescent? Civilization began in the Fertile Crescent, the arable plain of the Tigris and Euphrates river valleys.The rivers deposited fertile soil in a rainfall-scant region. Irrigation and technological advances produced food surpluses for population growth. Sumerians, migrating from the north about 4000 B. C. E. , mixed with local groups to establish Mesopotamia civilization. Pig 9 4. What is the concept of matt and how did it influence Egyptian culture and society? Matt concept- truth, balance, order, law morality and Justice; Mat as a principle was formed to meet the complex needs of the emergent Egyptian state that embraced diverse peoples with different interests.The significance of Mat developed to the point that it embraced all aspects of existence, including the basic equilibrium of the universe, the relationship between constituent parts, the cycle of the seasons, heavenly m ovements, religious observations and fair dealings, honesty and truthfulness in social interactions. 5. Compare writing systems of Mesopotamia and the Phoenicians. What are the advantages of each? Why are the systems so different? Mesopotamia Writing Systems- the Sumerians used a cuneiform; these tablets provided a valuable source of information of modern scholars.Phoenicians Writing Systems- it contained thousands of characters each, meaning that it was much easier to learn a very much smaller writing system that encoded the limited number of distinct sounds (phonemes) in a language instead of trying to encode separately all the ideas that the language could express. 6. Describe and explain the differences in the Egyptian and Mesopotamia views of he afterlife. What primary sources can be used as evidence to help answer this question? Mesopotamia afterlife- There is no resurrection.Egyptian afterlife- Mummification, which, the dead need their bodies in the afterlife. Pictures. 7. Wh y do the Phoenicians develop a simple writing system (alphabet)? It is much easier to learn and understand. 8. How might a simple writing system like the alphabet developed by the Phoenicians affect a society? It affects the culture, religion, and writing. 9. How does the religion of the Hebrews differ from most other religions of the ancient world? Use the Book of Exodus excerpt we have in our book as evidence for religions, sharing a covenant with one merciful God.There is no direct punishment. There is a code of ethics which is the Ten Commandments. 10. What are the advantages of monotheism as illustrated through the experiments of Generation in Egypt and the Hebrew nation? What are the disadvantages? Advantages of monotheism of Generation- Sharing a covenant with only one God. Disadvantages of Monotheism of Generation- There are three, which are, impersonal, priests are now unemployed, and there is a new capital and monuments, which, drains resources. Exam Study Guide The body which provides research support and bill-drafting assistance to legislators is the Legislative Council. District lines for the Texas legislature are drawn by the Texas Legislature. The authority to investigate and punish violations of Texas ethics laws is granted to the Texas ethics commission To understand the operations the Texas legislature, one must understand the power of the Correct Answer: c. lieutenant governor and the speaker of the house. The Texas body that periodically evaluates state agencies and makes recommendations as to restructuring or abolishing such agencies is the Correct Answer: b.Sunset Advisory Commission. The Texas senate has how many members? Correct Answer: c. 31 A committee action that tables legislation, effectively killing it, is called Correct Answer: b. pigeonholing. A rule in the Texas senate which allows a senator to halt consideration of a bill for forty-eight hours is called Correct Answer: d. tagging. In the Texas senate, a bill placed on the calendar solely to assure a two-thirds vote on legislation is called a Correct Answer: a. blocking bill. The Texas legislature may override a governor’s veto by a Correct Answer: c. two-thirds vote of both houses.The political power of the Texas Lieutenant governor is largely based on Correct Answer: c. the rules of the Texas Senate. The Texas legislature has historically been organized on the basis of Correct Answer: b. conservative ideology. A procedure whereby a bill can be forced out of committee for consideration by the chamber as a whole is called Correct Answer: c. a discharge petition. The governor’s legislative power stems from all the following except his Correct Answer: a. authority to appoint committee chairs. When the senate forms itself into a committee of the whole, Correct Answer: d. simple majority is required to consider legislation. The Texas house committee which controls the budget requests of all other committees is the Correct Answer: c. App ropriations Committee. In Texas, the body responsible for reviewing the expenditures of state agencies is the Correct Answer: a. Legislative Audit Committee. A committee appointed to resolve differences between the house and senate versions of a bill is known as a Correct Answer: d. conference committee. In practice, bills are taken off the Texas senate’s calendar for immediate consideration through a Correct Answer: a. suspension of the rules.Being a member of a board by virtue of holding another office is called Correct Answer: b. ex officio. A formal question to the chair regarding parliamentary procedure is known as a Correct Answer: c. point of order. Formal qualifications for membership in the Texas senate would not include Correct Answer: d. being at least 18 years of age. The selection of committee chairs in the Texas legislature is made on the basis of a Correct Answer: d. presiding officer appointment. The office responsible for giving opinions of law to state agenc ies is that of the Correct Answer: b. attorney general.The governor’s budget proposals are not as influential as those of the Correct Answer: d. Legislative Budget Board. Which of the following is an example of an ex officio board? Correct Answer: d. Texas Bond Review Board A mainly symbolic role of the Texas governor is that of Correct Answer: d. chief of state. If the Texas National Guard is called to active duty, a back up organization is the Correct Answer: c. Texas State Guard. The governor’s important bargaining tools are mainly Correct Answer: d. legislative. A role of the Texas governor not based on the constitution is that of Correct Answer: c. hief of party. The official who certifies the amount of income available for Texas’s biennial budget is the Correct Answer: d. Comptroller of Public Accounts. The individual responsible for administering the state tax system is the Correct Answer: c. Comptroller of Public Accounts. The â€Å"Iron Texas Star† consists of all the following except Correct Answer: b. the Texas electorate (voters). A formal role of the Texas governor based on the constitution is that of Correct Answer: d. commander-in-chief. The lieutenant governor of Texas is an ex officio member of all except the Correct Answer: b.Board of Pardons and Paroles. If the governor of Texas is removed from office before the end of his or her term, Correct Answer: c. the lieutenant governor succeeds. The annual salary of the governor of Texas is approximately $150,000 The attorney general of Texas is not required to Correct Answer: b. follow directives of the governor. Texas riverbeds, tidelands, bays and inlets are overseen by the Correct Answer: b. Commissioner of the General Land Office. An official who hears and investigates complaints by private individuals against public officials or agencies is called Correct Answer: b. an ombudsperson.The governor of Texas can be removed from office before the end of his or her term on ly by Correct Answer: d. Impeachment. Which of the following officials is appointed by the Texas governor? Correct Answer: c. Adjutant general, Texas National Guard The governor’s tools to influence the legislature include all the following except the Correct Answer: b. appointment of committee chairs. Which is probably the least significant informal qualification for Texas governor? Correct Answer: a. Age Which of the following is an appointed Texas executive position? Correct Answer: a. Commissioner, Health and Human Services Exam Study Guide Egypt- Ancient Egypt was sustained by a river as well. The Nile river valley was named Kempt â€Å"the black land† because of the rich black soil that was deposited yearly by the Nile floodwater's. The Egyptians were skilled in geometry which was important in measuring out the dimensions of property after the floods had destroyed old reporter lines. Religion was a major role in Egyptian society, so people made sacrifices to the gods in order to protect their families from the river. This Egyptian society is a great example of how the geography of the land can help shape almost every aspect of a society. . How can the Epic of Galoshes help historians better understand Sumerian Sumerian city-state of Rusk in the third millennium BCC and who was probably responsible for constructing the city walls, which archaeologists later determined had a perimeter of almost six miles. We can also look at how the society is described n the epic, and what kind of place, for example, women had i n that society. Pig 17 3. How did Sumerian advances in technology help shape society in the Fertile Crescent? Civilization began in the Fertile Crescent, the arable plain of the Tigris and Euphrates river valleys.The rivers deposited fertile soil in a rainfall-scant region. Irrigation and technological advances produced food surpluses for population growth. Sumerians, migrating from the north about 4000 B. C. E. , mixed with local groups to establish Mesopotamia civilization. Pig 9 4. What is the concept of matt and how did it influence Egyptian culture and society? Matt concept- truth, balance, order, law morality and Justice; Mat as a principle was formed to meet the complex needs of the emergent Egyptian state that embraced diverse peoples with different interests.The significance of Mat developed to the point that it embraced all aspects of existence, including the basic equilibrium of the universe, the relationship between constituent parts, the cycle of the seasons, heavenly m ovements, religious observations and fair dealings, honesty and truthfulness in social interactions. 5. Compare writing systems of Mesopotamia and the Phoenicians. What are the advantages of each? Why are the systems so different? Mesopotamia Writing Systems- the Sumerians used a cuneiform; these tablets provided a valuable source of information of modern scholars.Phoenicians Writing Systems- it contained thousands of characters each, meaning that it was much easier to learn a very much smaller writing system that encoded the limited number of distinct sounds (phonemes) in a language instead of trying to encode separately all the ideas that the language could express. 6. Describe and explain the differences in the Egyptian and Mesopotamia views of he afterlife. What primary sources can be used as evidence to help answer this question? Mesopotamia afterlife- There is no resurrection.Egyptian afterlife- Mummification, which, the dead need their bodies in the afterlife. Pictures. 7. Wh y do the Phoenicians develop a simple writing system (alphabet)? It is much easier to learn and understand. 8. How might a simple writing system like the alphabet developed by the Phoenicians affect a society? It affects the culture, religion, and writing. 9. How does the religion of the Hebrews differ from most other religions of the ancient world? Use the Book of Exodus excerpt we have in our book as evidence for religions, sharing a covenant with one merciful God.There is no direct punishment. There is a code of ethics which is the Ten Commandments. 10. What are the advantages of monotheism as illustrated through the experiments of Generation in Egypt and the Hebrew nation? What are the disadvantages? Advantages of monotheism of Generation- Sharing a covenant with only one God. Disadvantages of Monotheism of Generation- There are three, which are, impersonal, priests are now unemployed, and there is a new capital and monuments, which, drains resources.

Legal Documents And Law Codes - 2098 Words

Question 1: Since the arrival of the first ancient civilizations, there has been a necessary desire for order. For culture to grow, for life to persist, for such a dynamic element as humanity to live in harmony with itself, order is required. This in mind, it’s no wonder that so many ancient texts describing legal documents and law codes have been unearthed throughout the ages. Shaped by history, the ongoing battle for ordered living resulted in the creation of law, a method of keeping peace. Indeed, order is the precise reason for the development of law. As societies developed, as agriculture expanded, populations would increase. To combat this, government was the natural course. Reading from Traditions and Encounters, the text states this idea in several circumstances: â€Å"With their expanding populations, the cities also needed to prevent conflicts between urban residents from escalating into serious civic disorder. Moreover, because agriculture was crucial to the welfare of urban r esidents, the cities all became city-states†¦and oversaw affairs in surrounding agricultural regions (p.27),† â€Å"The need to recruit, train, equip, maintain, and deploy military forces created another demand for recognized authority (p.28).† From all of this, a clear view is given of the overall need for a governing body. Society, as it gets to be ever-more developed, meets an increased need for ordered agriculture to feed these increasing populations, ordered military to fight opposing nations andShow MoreRelatedThe Theodosian Code1250 Words   |  5 Pagesorganized law; and so with each emperor there came new constitutions and decrees for the Roman people to follow. 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