Economic Essay Example | Topics and Well Written Essays - 2500 words

Economic - sample Example3 2.0 Economic Rationale behind Oligopolistic Behaviour in Banking sphere of influence 4 3.0 Implications of an Oligopolistic Banking Sector on Consumers 7 4.0 Situation with the Australian Banking Sector 9 5.0 Conclusion 9 References 10 1.0 entrance An oligopolistic market construction is characterised by a few sellers in the market but a prodigious number of buyers. These contending firms are in high spiritsly interdependent upon each other to strengthen their market status and hence, instal schemes to facilitate the same. Some of the commonest strategies include competition on prices and quantities being marketed by the firms1. In addition to competing with their peers, the firms in any case assume the role of creating artificial barriers, in the form of hefty license fees, to prevent the entry of authority competitors within the industry to restrict the number of market players. Such artificial regulations might be well(p) for the existing firms in the business though the purchasers always end up at the worse align of things as lack of ample competition reduces the degree of consumer surplus that they could have enjoyed. The present paper takes up the case of the banking sector and attempts to emphasise the implications of oligopolistic market structure on bank customers. ... king sector to grade an oligopolistic market framework there are special references to empirical evidences from different nations in this regard as well. The third section is an illustration of the implication that an oligopolistic banking sector is likely to have over the residents of a nation. The fourth part section depicts the situation in Australia where nationals have been immensely protesting against the oligopolistic banking sector and finally the last section summarises the content of the entire paper. 2.0 Economic Rationale behind Oligopolistic Behaviour in Banking Sector A few advantages found on the economics of business are the reaso ns why firms tend to operate as an oligopolistic market. Those very eventors could be applied to the banking sector as the reasons why the industry chooses to operate under such environment. Firstly, oligopolistic market structure makes room for economies of scale which associates huge amount of profit with each operating unit, owing to reduced clean exist of return as the diagram alongside depicts. As the diagram shows, the average cost of production falls with rise in the quantity produced, though this reduction does not continue for very high quantities. The point where the combination of cost and quantity to be produced is found to be the optimal, i.e., highest production at the last cost, is the chosen one by the sellers. In the above diagram, this point coincides with E1 where the quantity to be produced is Q1 and the associated average cost is the lowest at AC1. This is one of the reasons why the larger existing firms restrict new entrants from moving into the industry. The little firms in the industry are often acquired by the larger to clear their path towards experiencing economies of scale. This in fact had been

Information and communication technology in society Essay

Information and communication technology in society - Essay Examplede worse by the fourth dimension limit which makes it difficult for the young people to afford surfing for a spacio intaker time than their money would facilitate (Looker et al 2009 p 44). As such, they search for information quickly so as to save cyberspace expenses thus leaving no space to evaluate the information they find. This leads to poor deracination which results to cases of plagiarism especially in higher institutions of learning.While searching for information on the internet apply the search engines, it is always useful to use key words that would display specific information required. question shows that young people are poor in this as they most of the time use long sentences that makes the searching process tedious and inaccurate (Luyt 2008). As such, they waste a lot of time before they could find information due to trial and errors. According to research, young people tend not spend a penny th at internet is not just the search engines such as Google, but a collection of some(prenominal) providers. This is due to the fact that they concentrate much of their information seeking on these search engines instead of getup their scope (Dresang 2006 p 25). As such, they get limited knowledge on the constituents of the internet, which could provide more precious and effective information or which could help them quantify their ability to use the internet.Digital divide is the cracking that exists within the society due to the fact that not all persons sire been able to acquire the skills to use internet technology (Rooksby 2008 p 181). This results from the difference in income generation between various individuals whereby some have the capability to acquire the necessary equipment which facilitates connectivity. According to research, almost 50% of adults in America alone do not have access to internet technology, a situation that is attributed to financial constraints (Wa rschauer 2004 p 115). It also shows that those with internet connection have a high chance of getting a job than those

Incidents Essay Example | Topics and Well Written Essays - 1250 words

Incidents - Essay ExampleAs an autoethnographic text, however, Incidents also demonstrates that Linda, the main character, has a actually clear idea of her own cultural individualism, and that that cultural identity is in greathearted part oblige upon her from beyond her control. As a black salve girl, she is expected to fit those cultural norms regardless of anything else in her life, and she recognizes that she must take every step she can to navigate theses issues throughout her life. Lindas family situation is i of the main things that creates an autoethnographic understanding of herself. A child is usually innocent with the social environment during the early stages of his/her life. However, as time passes, a child is faced with the inevitable task of acknowledging the state of affairs surrounding his/her life. For Linda this meant hotshot thing dealing with the situation of thraldom, which she experiences almost entirely through the lens of her family. The story Incident s is, in large part, the story of Lindas growing understanding of her family. ... Linda admires her nannas hardworking nature and appreciates all the efforts she made while move to free her family from bondage. This aspect of hard work and objectivity in her grandmother chores even as a slave encouraged Linda in many aspects of her life. It is through the lenses of these stories about family that Linda begins to understand her own cultural identity her cultural understanding of self is constantly influenced by the way her family describes their interactions with slave owners. In every slavery situation, the victim faces unfair and unjustified treatment from their masters. Such mistreatments extend from basic acts of discrimination to other barbarous acts. In her narration about the condition surrounding the childhood life of her mother, the girl highlights this act of heaviness on the relationship between her mother and the grandmothers mistress daughter. Lindas maternal grandm other was used as the foster mother of her mothers mistress. After birth, her mother as wean from her grandmother so as to give the mistress the chance to be breast fed sufficiently by her grandmother. In the story, Linda is bitter about this content and feels that the people who at the same time fictional to foreboding for her mistreated her mother as a child. Lindas identity formation process is non solely centered on her blood family, however. Her extended family in the form of other slaves, and especially god-parents, leads in large part to Linda understanding her cultural place in the world. Jacobs illustrates the roles played by the people who care about us in life. Jacobs is not different to the significance of Lindas mother mistress in taking care of her and her sibling. As we can witness from the text,

Biology of the war Assignment Example | Topics and Well Written Essays - 250 words

Biology of the war - Assignment grammatical caseven parties that argue against war just look for subtle and less socially damaging methods, where in these evolutionary acquired elements of human nature can be expressed (Baylis, Wirtz, and Gray, 2012).Aggression is natural in human beings to a near fully evolutionary extent, 70% genetics. All violence originates from the dissatisfaction of humans naturally steady urges. Every new generation will be violent and this violence will find its essential and unavoidable expression in ethnic, social, patriotic, political, and economic conflicts because all types of culture are unsatisfying (Baylis, Wirtz, and Gray, 2012). Today, this theory is fashionable amongst scholars who critically ponder on the causes and challenges of conflict and its likely prevention.I have learned from experience and literary works that any aspects of social living granted by human societies are mere inventions. However, at about point, these aspects seize bei ng inventions because of their widespread acknowledgement or utter dismissal. Examples include trial by court, which is control to finite societies across the world and communities that cremate their dead rather than bury them (Meade, n.d.). This disparity reflects just a part of the history of human beings that had the understanding of recordkeeping as its cultural legacy, the same way violence has constantly

Learning and Assessment Essay Example | Topics and Well Written Essays - 1000 words

Learning and Assessment - Essay ExampleAlthough, the ersatz assessment strategies using various technologies was come apart way to assess a student than the traditional one, yet using both types of assessments in triangulation was the well-nigh appropriate approach.Before discussing that which method was better, one must keep in mind what is assessment and what argon its essentials In literal terms, the word assessment actor to determine the real worth of something. In the educational setting, it refers to the evaluation make by the teacher to find the extent to which the student had been able to learn something. A good assessment should be complex adequate to involve the students in real thinking process, disseminate enough to appreciate diverse opinions but at the same time, it should also be constraint enough to enable a fair scoring system.Initially, the only method for the assessment, used by the teachers, was the traditional one. This means that a scripted probe used to be taken, having questions and answers, preferably in the form of Multiple election Questions. This tradition was followed for centuries. Even today, this traditional methodology of assessment is being used in most of growing countries till matriculation level, atleast. On one hand, this approach was easy to conduct and scoring could be done more objectively but this traditional approach led to several problems too.The first problem was the refutation of learning... The goal of assessment is to check for the level to which the student had learnt. But a written test was incisively a sampling of those learning outcome, only on the basis of that sample, it would non be appropriate to tier up the student. Another problem with written test is that, ideally the evaluation should be a continuous process. However, the written test used to be the evaluation only at certain point of time. There is a possibility that the student would not have been feeling well at that time and thus cou ld not attempt the paper well, in such cases such assessment strategy fails to portray the true enter.THE resource APPROACHES - Advantages and DrawbacksOn the contrary to the real purpose of assessment, a written test could provide the true picture only if the writing skills of the students permitted so, thus it became primarily the test of writing skill before being the test of original stuff. Suppose there was the written test of science, it should test whether the student has grasped the particular concept or not (Shepardson 2001), but two students delivering the same content, but one had better abilities to express himself, he was credibly to get more marks than the other.However, the alternative assessment strategies used various technologies to remove the loopholes of the traditional system. The alternative assessment strategies were based on the ideas that the assessment should be able to involve the student to involve in thinking process that is supposed to be invoked in him, because of the learning that he had gained. Furthermore, it was not dependent totally on the writing skills of the students. Above all, it was capable of accepting the diverse ideas and responses. However, one major challenge

Intigrating technology in the EFL classroom Essay

Intigrating technology in the EFL classroom - Essay ExampleReport indicates that about 70% of education funding in Israel comes from the primaeval g all overnment while the remaining 30% comes from cities and other sources. This was in a show of the governments commitment to educating its people to be literate for prosperity and development. So far, Israel has been registering an increase in the number of students enrolling for classes at different levels. Latest report indicates that Israel has about 1.8 million students from pre-school to high school level (Newman, 2012). This is an indication of the regions commitment to high literacy level. This number also continues to increase as the population continues to grow. Even though dogma Israelis to be literate is a key priority of the Netanyahu administration, it is also the most challenging field of battle in the countrys education system. This is attributable to the changing nature of the classroom. Research indicates that the classroom surroundings has undergone radical changes in the 21st century (Cordova and Lepper, 1996). For instance, Israel has experienced an influx of immigrants from immigrants in the country from all over the world. This has resulted in an increase of a large number of people in the country who are non able to speak or indite the side phrase, which is the countrys national language. The fact that a large population of the country cannot speak, read, or writes the face language is posing a huge take exception to teachers in the country. It is an acknowledgeable fact that becoming proficient in a foreign language is actually difficult and can be daunting. As a result, a large number of people in the country who do not understand the English language normally find it difficult happen upon a new language since the English language is new to them (Jonassen, 2000). Therefore, in order for such students to learn and become proficient in the English language, they must be suppor ted as much as possible. Teachers who have had the opportunity to teach students learning English as their second language understand that such students require language support for their language acquisition. To say that students learning English as their second language have attained the level of proficiency required, they must be able, not only to hear and write the English language, but to speak and read the English language well. However mush this might be a daunting task we strongly believe that integrating technology such as the drop of computers can play a crucial part in increasing a students grades in the English language. This discourse examines how the integration of computer-assisted instruction (CAI) can be an important tool for teaching new learners of English language. In addition, the paper will explore the gains that have resulted from the use of computer-assisted instruction in teaching the English language to new learners. Literature Review Verbal Interaction In teraction betwixt new English language learners and those who are proficient in English language is key in promoting proficiency in English language. As such, teachers of English language need to provide students learning English as a second language, a language-rich environment where they can continuously engage in the English la

Analyzing argement Essay Example | Topics and Well Written Essays - 1250 words

Analyzing argement - Essay ExampleIn Execution, Anna Quindlen argues that shoemakers last penalisation is wrong beca wont it does not achieve its coveted ends. She stresses that it cannot provide sufficient justice for victims and their families and it does not make any moral sense. These authors have similarities in the use of personal ideas and anecdotal and hypothetical evidence as evidence, logos through inductive reasoning and concord on oddment penaltys goals, and pathos through an empathic writing style that appeals to justice, although they discord in writing style, audience, and attitude toward death penalty. Quindlen is more persuasive than Mencken because her ironic tone emphatically argues that death penalty is wrong because it is simply morally insufficient as a form of retribution.These authors have similarities in the use of personal ideas and anecdotal and hypothetical evidence. Mencken talks about his personal ideas when attacking the opponents of death penalty . He argues from his personal viewpoint that crime deterrence is not the only goal of death penalty, and instead abreaction is practically considered and more important (1). By saying this, he shows that something more personal and emotional is dirty dog the need for death penalty. Quindlen also offers her personal ideas on death penalty. She admits that her guts govern her ideas on death penalty, which is why she can be hypocritical about it (450.3). Like Mencken, Quindlen personalizes her attack on death penalty by asserting her personal feelings toward it. In addition, both authors use anecdotal evidence as establishment for their arguments. For instance, Mencken says he has not heard any executioner who is complaining of his job and instead, he has known legion(predicate) who delighted in their ancient art, and practiced it toweringly (1). By saying ancient art, he is underlining the proud tradition behind death penalty. Quindlen also uses anecdotal evidence when she says t hat the justice system is