1. Average labor productivity can fall even as total output rises if employment is increasing faster than output. The unemployment rate can also rise while output increases if the labor force grows and unemployment increases by a greater percentage than employment.
2. People today are better off than in 1890 despite higher prices now, because real incomes have risen much faster than prices over the last 100 years.
3. Theories about voting behavior need to have reasonable assumptions and be testable in order to be useful models. A theory linking political party preference to income seems more valid than one linking it to last name initials.
Proposal to lower or remove the minimum wage to reduce firms\’ labor costs and reduce the unemployment rate by providing more low-skilled workers with jobs.
Welcome to our SlideShare channel, where we explore the ever-evolving world of economics and offer valuable insights into the economic challenges and opportunities of 2023 and beyond.
🌍 What's Trending in Economics? - Stay ahead of the curve by discovering the latest trends and emerging economic issues. From inflation and supply chain disruptions to sustainable economic growth, we'll keep you informed.
💡 Expert Analysis - Our team of experienced economists and analysts will provide in-depth analyses of key economic topics. Get ready to dive deep into economic theories, policy changes, and their real-world impact.
📈 Data-driven Insights - We love data, and we'll show you why. Our presentations will include charts, graphs, and data visualizations to help you better understand complex economic concepts.
📚 Academic Excellence - If you're a student looking for economics homework help, you're in the right place. We offer expert assistance for your economics assignments and projects.
🌐 Global Perspective - Economics is a global discipline, and we'll explore economic issues from around the world. Whether it's the economic implications of a global event or regional economic disparities, we've got it covered.
🤝 Join the Discussion - Economics is a dynamic field that thrives on discussion and debate. We encourage you to engage with our content, ask questions, and share your thoughts. Your insights are valuable to us!
🚀 Explore Our Website - Ready to take your economics knowledge to the next level? Visit our website at EconomicsHomeworkHelper.com for expert assistance, resources, and more.
🔗 Connect with Us - Follow us on SlideShare to stay updated with our latest presentations and connect with us on social media for even more economics insights.
Response one PADM-05 Mortgage interest rates are expected to ri.docxronak56
Response one PADM-05
Mortgage interest rates are expected to rise considerably in 2018. If the economy grows too fast, The Federal Reserve will have to raise interest rates faster than expected. That could make borrowing money more expensive. If that happens, the likelihood of a recession increases. Not only would this drive up interest rates, but reduce private sector investments and diminish the country's creditworthiness. When inflation is too low, it can hurt the economy. Businesses get queasy about investing in people and equipment. If prices don't rise, wages don't either. But out-of-control inflation can also be harmful. As I see it, the current fiscal path is unsustainable. The Republican tax cuts could not come at a worse time, and I think it will hasten inflation and prematurely bring a recession.
The effectiveness of mortgage interest rates rising is in my opinion, is nonexistent. It is like a dog chasing its own tail. With the passage of the tax reform bill, which essentially lowered the income tax rate, the Federal Reserve raised or is raising mortgage interest rates. So, this essentially takes the money that was saved by paying lower income tax and essentially puts it toward paying the cost associated with a higher mortgage. True, not everyone owns a home. But if you plan to buy one, this will make it considerably more expensive. The efficiency of raising mortgage interest rates is has both equal value and detriment. Keeping mortgage rates low allows more people to afford housing, stimulating the economy. By raising interest rates, the cost of owning a home is more and less people purchase homes, which is a key sign of inflation. Either way, I believe the policy on raising or lowering mortgage interest rates is ethical - the entire point is to maintain a healthy, balanced economy. The equity, or measure of fairness, depends largely on who stands to gain the most. In the case of our current economy, it's without question that that the restructuring of our tax code largely benefits the ultra wealthy. Had the entire country benefited equally from the tax reforms, then it would have been more equitable. The 2018 tax reform brought little political feasibility, as both political parties were at opposite ends of the restructure. Nonetheless, a compromise was reached. There was little social acceptability or public acceptance from this policy change, and many will end up paying considerably more tax because of it. I believe the administrative feasibility caught citizens off guard. I knew little to nothing of the tax reform until it actually happened. Whatever the case, the government reluctantly came together and enacted the policy. I do not know how technical feasibility plays into all of this, but I could only assume that the Federal Reserve had considerable reservations about the policy due to the fact that inflation will likely rise and mortgage interest rates will go up just because of it.
Links: https://www.express.co.uk/ ...
What Is The Business Cycle? Essay
The Growth And Peak Stage Of A Business Cycle
Ipo : A Business Cycle Essay
Business Cycle Case Study
The Four Stages Of The Business Cycle
Canadas Business Cycle
Stages of a Business Cycle
Powerpoint Business Cycle
Explain The Four Phases Of Business Cycle
Effects of Business Cycles
Effect Of The Business Cycle Essay
Macro Economics
Business Cycle Essay
Planning Cycle : Business Planning
Mexico Business Cycle
Business Cycle
The And Third Steps Of The Business Cycle Essay
Business Cycle And Recovery Period Analysis
Business Cycle Theories : A General Comparison
Comments on Assignment Questions John Maynard Key.docxaryan532920
Comments on Assignment Questions
John Maynard Keynes/Managing Aggregate Demand
1. Keynesian economics is often viewed as justifying increases in deficit spending … How
does this proposal related to Keynes own writing?
There is an important point to emphasize: Keynes didn’t necessarily believe that the only
way to stimulate the economy was through more spending by government. He also
argued that tax cuts and instilling confidence to get people spending again were also
important. You could draw a picture of the game with two players who each face a
save/spend decision that we discussed in class. Then the challenge for the government is
to shift the economy from the low to the high welfare Nash equilibrium. This may depend
as much on instilling confidence as the government spending more money/cutting taxes.
Greater confidence may be reflected in a higher multiplier, c (where C = a + cY) so that
people decide to go out and spend more of the money they are earning. This effect can
even boost output with no extra government spending required.
2. What role do confidence and psychology play in Keynes understanding of the economy
and role of government?
You should emphasize the quote of Keynes that he believed that the Great Depression
“comes from some failure of the material devices of the mind”. And quote the examples
of speculative stock market booms and busts that concerned Keynes.
The key issue is that lack of confidence and uncertainty about the future may lead
business to stop investing and consumers to stop spending which may bring on a slump.
So psychology plays an important role.
3. Why is Keynes so concerned with uncertainty?
The main point here concerns how uncertainty can lead to sudden changes in business
‘bullishness’, or desire to invest (see also question 2). You could add that it was a special
kind of uncertainty that Keynes focussed on, called ‘Knightian uncertainty’, where you
just don’t even know enough to assign probabilities. This kind of uncertainty leads to
‘herding’ / animal spirits, whereby people tend to replicate average behaviour.
More uncertainty can lead to less investment and consumption demand and consequently
a recession - and the effect can be magnified by herd behaviour. This is why Keynes was
so concerned with uncertainty.
2
4. Explain intuitively the mechanism by which an increase in government spending can
lead to more output.
This is discussed in the case: ‘Fiscal Policy, Managing Aggregate Demand’ and in our
discussions of the multiplier. The key equations are Y = C + I + G which explains how
higher G has a direct effect on creating more demand and leading to higher Y. The other
key equation is C = a + cY which says that when Y goes up, there is an extra effect
whereby consumption demand goes up which further raises Y and so on (i.e., the
multiplier).
5. Is it reasonable to assume that firms will supply more output when consumers ...
ECONOMIC COMMENTARY Number 2014-09May 8, 2014Why Do Econom.docxtidwellveronique
ECONOMIC COMMENTARY Number 2014-09May 8, 2014
Why Do Economists Still Disagree over
Government Spending Multipliers?
Daniel Carroll
Public debate about the effects of government spending heated up after record-large stimulus packages were enacted
to address the fallout of the fi nancial crisis. Almost as noticeable as the discord was the absence of consensus among
prominent economists on the issue. While it seems a simple problem to estimate the effect of government spending on
output—the size of the government multiplier—it is anything but.
ISSN 0428-1276
Over the past several years, attention has focused on the
dangers of medium- and long-run imbalances in government
budgets. This was less the case at the beginning of the
recent fi nancial crisis, when the question was if and how the
government should try to stimulate the economy. But before
long, the debate surfaced. Some argued that the government
should prop up falling private demand with increased
spending. Others claimed that increased government
spending would have little to no stimulative effect in the
short run and that it might even be contractionary.
Economists could offer little in the way of clarifi cation, with
venerated scholars falling on both sides of the debate. This
failure of economists to agree on the issue leads some in
the public to suppose that economists are incompetent, or
perhaps worse, politically motivated.
The truth is that economists have struggled to answer
the question, “What effect does an increase in government
spending today have on output in the future?” In economics,
this effect is called the government spending multiplier,
and unfortunately for those of us who would like certainty
on the matter, there are major challenges associated with
measuring it. An appreciation for these challenges should
explain why competent scholars can hold widely different
opinions about the effect of government spending on output.
Measurement Challenges
Problems with measuring the government spending
multiplier begin at the outset—with the way the question
itself is phrased. At fi rst, it seems like a natural question,
but in fact it is far too general.
For starters, it is presumptuous to speak of “the”
government spending multiplier as if there is only one.
Because a change in government spending is likely to
infl uence output over multiple periods in the future, separate
multipliers could be created for each period. To calculate
the appropriate multiplier, should we look at how much
output changes one quarter in the future? One year? Five
years? There is no universally accepted answer. Some studies
report a collection of multipliers over a specifi c time period
(for example, a multiplier for each quarter up to three years).
Others average these numbers or report a range.
Taking a stand on timing is not suffi cient however. One
must also consider what type of government spending
is increased. Surely an increase in milita.
The maximum minimumNational Review, July 6, 2015 Every poli.docxcherry686017
The maximum minimum
National Review, July 6, 2015
Every political season, Democrats argue for higher minimum wages. Republicans respond by citing all of the evidence that higher minimum wages are harmful. Democratic voters get charged up and swing voters conclude that Republicans are heartless. It is the gift that keeps on giving for Democrats, but the curse that keeps on afflicting those below the poverty line who lose their jobs because of it.
Though Hillary Clinton has made it clear that she is going to play this game, much of the action is coming from around the country, where America's progressive mayors have taken this form of government price-setting to new heights. In Los Angeles, Mayor Eric Garcetti recently signed legislation that would raise the minimum wage in the city to $15 by 2020. And this move in Los Angeles comes on the heels of Seattle's and San Francisco's adoption of the same policy.
The evidence is clear about whether raising the minimum wage is an effective way to help poor people: It is not. As Richard V Burkhauser and T. Aldrich Finegan note in the Journal of Policy Analysis and Management, those living in poverty get such a vanishingly low fraction of the benefits of a minimum-wage increase that "it is not clear that increases in the minimum wage make good policy even if no jobs are lost as a result."
As we prepare for the umpteenth political season pitting Democratic populism against a preponderance of economic evidence, let us pause and pursue the deep and enduring wisdom obtainable only through abstraction. The nearby chart takes the argument of minimum-wage proponents to its logical extreme. Suppose we grant that corporations are evil. Suppose we also grant that the only way we can improve the welfare of the poor is to redistribute by taking all of the money from the evil corporations and giving it to the working masses.
This chart transports us to this redistributive nirvana, where the government has decided to seize all of the corporate profits in the land and give them to workers. Assume, contrary to sound economic thinking and common sense, that companies continue to operate exactly as they do today, suffering no negative effects from these confiscatory taxes. How large an increase in wages can this progressive utopia finance?
To answer this question, we gathered data on after-tax corporate profits from the Bureau of Economic Analysis. We then gathered data on average hours worked per week per nonfarm employee from the Bureau of Labor Statistics and transformed these weekly data into data on the aggregate number of yearly hours worked by all nonfarm employees. Finally, we divided quarterly corporate profits by the aggregate number of hours worked by nonfarm employees over the same period, labeling this value the "expropriation subsidy" on the chart. To get an idea of how much of a perhour wage increase this policy could create, simply add the values of the two lines at a point in time.
As the c ...
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
For more information, visit-www.vavaclasses.com
How to Create Map Views in the Odoo 17 ERPCeline George
The map views are useful for providing a geographical representation of data. They allow users to visualize and analyze the data in a more intuitive manner.
Proposal to lower or remove the minimum wage to reduce firms\’ labor costs and reduce the unemployment rate by providing more low-skilled workers with jobs.
Welcome to our SlideShare channel, where we explore the ever-evolving world of economics and offer valuable insights into the economic challenges and opportunities of 2023 and beyond.
🌍 What's Trending in Economics? - Stay ahead of the curve by discovering the latest trends and emerging economic issues. From inflation and supply chain disruptions to sustainable economic growth, we'll keep you informed.
💡 Expert Analysis - Our team of experienced economists and analysts will provide in-depth analyses of key economic topics. Get ready to dive deep into economic theories, policy changes, and their real-world impact.
📈 Data-driven Insights - We love data, and we'll show you why. Our presentations will include charts, graphs, and data visualizations to help you better understand complex economic concepts.
📚 Academic Excellence - If you're a student looking for economics homework help, you're in the right place. We offer expert assistance for your economics assignments and projects.
🌐 Global Perspective - Economics is a global discipline, and we'll explore economic issues from around the world. Whether it's the economic implications of a global event or regional economic disparities, we've got it covered.
🤝 Join the Discussion - Economics is a dynamic field that thrives on discussion and debate. We encourage you to engage with our content, ask questions, and share your thoughts. Your insights are valuable to us!
🚀 Explore Our Website - Ready to take your economics knowledge to the next level? Visit our website at EconomicsHomeworkHelper.com for expert assistance, resources, and more.
🔗 Connect with Us - Follow us on SlideShare to stay updated with our latest presentations and connect with us on social media for even more economics insights.
Response one PADM-05 Mortgage interest rates are expected to ri.docxronak56
Response one PADM-05
Mortgage interest rates are expected to rise considerably in 2018. If the economy grows too fast, The Federal Reserve will have to raise interest rates faster than expected. That could make borrowing money more expensive. If that happens, the likelihood of a recession increases. Not only would this drive up interest rates, but reduce private sector investments and diminish the country's creditworthiness. When inflation is too low, it can hurt the economy. Businesses get queasy about investing in people and equipment. If prices don't rise, wages don't either. But out-of-control inflation can also be harmful. As I see it, the current fiscal path is unsustainable. The Republican tax cuts could not come at a worse time, and I think it will hasten inflation and prematurely bring a recession.
The effectiveness of mortgage interest rates rising is in my opinion, is nonexistent. It is like a dog chasing its own tail. With the passage of the tax reform bill, which essentially lowered the income tax rate, the Federal Reserve raised or is raising mortgage interest rates. So, this essentially takes the money that was saved by paying lower income tax and essentially puts it toward paying the cost associated with a higher mortgage. True, not everyone owns a home. But if you plan to buy one, this will make it considerably more expensive. The efficiency of raising mortgage interest rates is has both equal value and detriment. Keeping mortgage rates low allows more people to afford housing, stimulating the economy. By raising interest rates, the cost of owning a home is more and less people purchase homes, which is a key sign of inflation. Either way, I believe the policy on raising or lowering mortgage interest rates is ethical - the entire point is to maintain a healthy, balanced economy. The equity, or measure of fairness, depends largely on who stands to gain the most. In the case of our current economy, it's without question that that the restructuring of our tax code largely benefits the ultra wealthy. Had the entire country benefited equally from the tax reforms, then it would have been more equitable. The 2018 tax reform brought little political feasibility, as both political parties were at opposite ends of the restructure. Nonetheless, a compromise was reached. There was little social acceptability or public acceptance from this policy change, and many will end up paying considerably more tax because of it. I believe the administrative feasibility caught citizens off guard. I knew little to nothing of the tax reform until it actually happened. Whatever the case, the government reluctantly came together and enacted the policy. I do not know how technical feasibility plays into all of this, but I could only assume that the Federal Reserve had considerable reservations about the policy due to the fact that inflation will likely rise and mortgage interest rates will go up just because of it.
Links: https://www.express.co.uk/ ...
What Is The Business Cycle? Essay
The Growth And Peak Stage Of A Business Cycle
Ipo : A Business Cycle Essay
Business Cycle Case Study
The Four Stages Of The Business Cycle
Canadas Business Cycle
Stages of a Business Cycle
Powerpoint Business Cycle
Explain The Four Phases Of Business Cycle
Effects of Business Cycles
Effect Of The Business Cycle Essay
Macro Economics
Business Cycle Essay
Planning Cycle : Business Planning
Mexico Business Cycle
Business Cycle
The And Third Steps Of The Business Cycle Essay
Business Cycle And Recovery Period Analysis
Business Cycle Theories : A General Comparison
Comments on Assignment Questions John Maynard Key.docxaryan532920
Comments on Assignment Questions
John Maynard Keynes/Managing Aggregate Demand
1. Keynesian economics is often viewed as justifying increases in deficit spending … How
does this proposal related to Keynes own writing?
There is an important point to emphasize: Keynes didn’t necessarily believe that the only
way to stimulate the economy was through more spending by government. He also
argued that tax cuts and instilling confidence to get people spending again were also
important. You could draw a picture of the game with two players who each face a
save/spend decision that we discussed in class. Then the challenge for the government is
to shift the economy from the low to the high welfare Nash equilibrium. This may depend
as much on instilling confidence as the government spending more money/cutting taxes.
Greater confidence may be reflected in a higher multiplier, c (where C = a + cY) so that
people decide to go out and spend more of the money they are earning. This effect can
even boost output with no extra government spending required.
2. What role do confidence and psychology play in Keynes understanding of the economy
and role of government?
You should emphasize the quote of Keynes that he believed that the Great Depression
“comes from some failure of the material devices of the mind”. And quote the examples
of speculative stock market booms and busts that concerned Keynes.
The key issue is that lack of confidence and uncertainty about the future may lead
business to stop investing and consumers to stop spending which may bring on a slump.
So psychology plays an important role.
3. Why is Keynes so concerned with uncertainty?
The main point here concerns how uncertainty can lead to sudden changes in business
‘bullishness’, or desire to invest (see also question 2). You could add that it was a special
kind of uncertainty that Keynes focussed on, called ‘Knightian uncertainty’, where you
just don’t even know enough to assign probabilities. This kind of uncertainty leads to
‘herding’ / animal spirits, whereby people tend to replicate average behaviour.
More uncertainty can lead to less investment and consumption demand and consequently
a recession - and the effect can be magnified by herd behaviour. This is why Keynes was
so concerned with uncertainty.
2
4. Explain intuitively the mechanism by which an increase in government spending can
lead to more output.
This is discussed in the case: ‘Fiscal Policy, Managing Aggregate Demand’ and in our
discussions of the multiplier. The key equations are Y = C + I + G which explains how
higher G has a direct effect on creating more demand and leading to higher Y. The other
key equation is C = a + cY which says that when Y goes up, there is an extra effect
whereby consumption demand goes up which further raises Y and so on (i.e., the
multiplier).
5. Is it reasonable to assume that firms will supply more output when consumers ...
ECONOMIC COMMENTARY Number 2014-09May 8, 2014Why Do Econom.docxtidwellveronique
ECONOMIC COMMENTARY Number 2014-09May 8, 2014
Why Do Economists Still Disagree over
Government Spending Multipliers?
Daniel Carroll
Public debate about the effects of government spending heated up after record-large stimulus packages were enacted
to address the fallout of the fi nancial crisis. Almost as noticeable as the discord was the absence of consensus among
prominent economists on the issue. While it seems a simple problem to estimate the effect of government spending on
output—the size of the government multiplier—it is anything but.
ISSN 0428-1276
Over the past several years, attention has focused on the
dangers of medium- and long-run imbalances in government
budgets. This was less the case at the beginning of the
recent fi nancial crisis, when the question was if and how the
government should try to stimulate the economy. But before
long, the debate surfaced. Some argued that the government
should prop up falling private demand with increased
spending. Others claimed that increased government
spending would have little to no stimulative effect in the
short run and that it might even be contractionary.
Economists could offer little in the way of clarifi cation, with
venerated scholars falling on both sides of the debate. This
failure of economists to agree on the issue leads some in
the public to suppose that economists are incompetent, or
perhaps worse, politically motivated.
The truth is that economists have struggled to answer
the question, “What effect does an increase in government
spending today have on output in the future?” In economics,
this effect is called the government spending multiplier,
and unfortunately for those of us who would like certainty
on the matter, there are major challenges associated with
measuring it. An appreciation for these challenges should
explain why competent scholars can hold widely different
opinions about the effect of government spending on output.
Measurement Challenges
Problems with measuring the government spending
multiplier begin at the outset—with the way the question
itself is phrased. At fi rst, it seems like a natural question,
but in fact it is far too general.
For starters, it is presumptuous to speak of “the”
government spending multiplier as if there is only one.
Because a change in government spending is likely to
infl uence output over multiple periods in the future, separate
multipliers could be created for each period. To calculate
the appropriate multiplier, should we look at how much
output changes one quarter in the future? One year? Five
years? There is no universally accepted answer. Some studies
report a collection of multipliers over a specifi c time period
(for example, a multiplier for each quarter up to three years).
Others average these numbers or report a range.
Taking a stand on timing is not suffi cient however. One
must also consider what type of government spending
is increased. Surely an increase in milita.
The maximum minimumNational Review, July 6, 2015 Every poli.docxcherry686017
The maximum minimum
National Review, July 6, 2015
Every political season, Democrats argue for higher minimum wages. Republicans respond by citing all of the evidence that higher minimum wages are harmful. Democratic voters get charged up and swing voters conclude that Republicans are heartless. It is the gift that keeps on giving for Democrats, but the curse that keeps on afflicting those below the poverty line who lose their jobs because of it.
Though Hillary Clinton has made it clear that she is going to play this game, much of the action is coming from around the country, where America's progressive mayors have taken this form of government price-setting to new heights. In Los Angeles, Mayor Eric Garcetti recently signed legislation that would raise the minimum wage in the city to $15 by 2020. And this move in Los Angeles comes on the heels of Seattle's and San Francisco's adoption of the same policy.
The evidence is clear about whether raising the minimum wage is an effective way to help poor people: It is not. As Richard V Burkhauser and T. Aldrich Finegan note in the Journal of Policy Analysis and Management, those living in poverty get such a vanishingly low fraction of the benefits of a minimum-wage increase that "it is not clear that increases in the minimum wage make good policy even if no jobs are lost as a result."
As we prepare for the umpteenth political season pitting Democratic populism against a preponderance of economic evidence, let us pause and pursue the deep and enduring wisdom obtainable only through abstraction. The nearby chart takes the argument of minimum-wage proponents to its logical extreme. Suppose we grant that corporations are evil. Suppose we also grant that the only way we can improve the welfare of the poor is to redistribute by taking all of the money from the evil corporations and giving it to the working masses.
This chart transports us to this redistributive nirvana, where the government has decided to seize all of the corporate profits in the land and give them to workers. Assume, contrary to sound economic thinking and common sense, that companies continue to operate exactly as they do today, suffering no negative effects from these confiscatory taxes. How large an increase in wages can this progressive utopia finance?
To answer this question, we gathered data on after-tax corporate profits from the Bureau of Economic Analysis. We then gathered data on average hours worked per week per nonfarm employee from the Bureau of Labor Statistics and transformed these weekly data into data on the aggregate number of yearly hours worked by all nonfarm employees. Finally, we divided quarterly corporate profits by the aggregate number of hours worked by nonfarm employees over the same period, labeling this value the "expropriation subsidy" on the chart. To get an idea of how much of a perhour wage increase this policy could create, simply add the values of the two lines at a point in time.
As the c ...
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
For more information, visit-www.vavaclasses.com
How to Create Map Views in the Odoo 17 ERPCeline George
The map views are useful for providing a geographical representation of data. They allow users to visualize and analyze the data in a more intuitive manner.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
This is a presentation by Dada Robert in a Your Skill Boost masterclass organised by the Excellence Foundation for South Sudan (EFSS) on Saturday, the 25th and Sunday, the 26th of May 2024.
He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.