The Definition of a College Super Senior

The Definition of a College Super Senior The term super senior refers to a student who attends a four-year institution (either high school or college) for more than four years. Such students are sometimes called fifth-year seniors, as well.   The name stems from the fact that high school and college students typically take four years to get their diplomas. Each year of school has its own name: Your first year is your freshman year, your second year is your sophomore year, your third year is your junior year and your fourth year is your senior year. But theres another category of student that doesnt fit those labels: People who arent done with college after their senior year.   Enter the term super senior. Perhaps because its becoming increasingly common for students to take 5 (or more) years to finish college, the term super senior is becoming increasingly common as well. Who Qualifies as a Super Senior? The connotations of super senior vary a bit and depend on an individual students situation. Calling someone who is double majoring in chemistry and biology and then planning on going to medical school a super senior merely acknowledges they are in their fifth year. In contrast, calling someone a super senior because theyve failed multiple classes  and perhaps enjoy the party scene rather than work to finish in four years is, indeed, a bit of a put down. There can be legitimate reasons why people take more than four years to finish college. Classes, particularly at bigger schools, can be difficult to get into, making it a challenge to complete your degree requirements by the end of senior year. That becomes even more  difficult if youve changed your major a few times, effectively cutting down the amount of time you have to get everything done. And from time to time, people encounter personal challenges or medical situations that delay their ability to graduate. Sometimes being a super senior is part of the plan. There are a variety of schools and programs that offer things like dual degrees, a fifth-year masters degree, or a fellowship that requires extra enrollment beyond four years. Or maybe youll come across a great semester-long internship program that requires you to take a reduced number of credits: Taking the job may mean you graduate later than planned, but youll do so with experiences and a resume that will make you more competitive in the job market. Super seniors are simply another part of a college community. Is It Bad to Be a Super Senior? Taking more than four years to graduate college isnt inherently bad - employers generally care whether or not you got the degree, not how long it took you to earn it. That being said, one of the greatest consequences of taking longer to complete college is the financial burden. Scholarships are sometimes limited to the first four years of study, and there are limits on federal student loans to undergraduates. No matter how you figure out how to pay for it, an extra year or more of tuition payments wont come cheap. On the other hand, doing a fifth-year masters program could actually help you save money. In the end, the most important thing is that you reach whatever goals brought you to college in the first place.

MS Flight Simulator Research Paper Example | Topics and Well Written Essays - 250 words

MS Flight Simulator - Research Paper Example Bruce Artwick started its development in 1977 and put it on the market for a range of computers with his company subLOGIC. Artwicks company certified Microsoft  a version of Flight Simulator known as  Microsoft Flight Simulator 1.00 in 1982 (Grupping, 2007). The Microsoft Flight Simulator gives its users the realistic experience of flying a plane. The aviation industry is making great use of the system for design and development and by training pilots and other flight deck crews in both military and civil aircraft (Anonymous, 2005). The newest versions, Microsoft Flight Simulator 2004  and  Microsoft Flight Simulator X, gratify pilots, would-be pilots and individuals who had dreamt of being pilots in similar fashion. While playing these, the new users can be frustrated due to its reality-based complex and difficult nature. But it can be rewarding for those who are skilled flight simmer. The latest versions also include enhanced weather simulation, alongside the ability to download real-world weather data and diverse air traffic environment with interactive  Air Traffic Control, player-flyable aircraft, interactive lessons and challenges, and finally aircraft checklists. Furthermore, there is availability of, both free and commercial upgrades and add-ons for flexibility and scope (Lackey,

Importance of nursing Essay Example | Topics and Well Written Essays - 500 words - 1

Importance of nursing - Essay Example This time should also be time that you are certain that there will be no interruptions, enabling you to focus and concentrate on the material. The use of a calendar can help you record all important due dates at a glance without consulting your class material; using a calendar such as one on your cell phone can remind you at any time of deadlines when you get off schedule as many do with life’s uncontrollable circumstance’s that come up. My area of weakness is the effective use of technology, though I am able to navigate easily it would be beneficial to me to learn more of the capabilities of programs such as Word, Excel, PowerPoint and other tools which are required in many classes. The use of online tutorials is a great way to become more adept at using these programs to improve the quality of my work. AACN essentials include the ability to translate knowledge and theory into practice with accuracy, efficiency and quickly (American Association of Colleges of Nursing, 2006). Leadership and organizational skills as well as the ability to communicate effectively with patients while caring for patients using evidence-based practice are necessary; evidenced based practice requires an understanding of scholarship and research. Graduates must use information systems and technology within the healthcare setting and remain up to date on the latest clinical guidelines and standards of practice. Graduates should also be advocates for patient rights, while promoting health through risk reduction. Personal academic goals include obtaining specialty focused competencies and advocating for changes in health care policy. To reach these goals I must be knowledgeable on current research studies and current health care policy. This will enable me to apply my knowledge in areas where there is a lack of qualified evidenced based care and to advocate for

History Essay Example | Topics and Well Written Essays - 500 words - 25

History - Essay Example w the nature of reality and truth (metaphysics); to understand how we know the things that we know (epistemology); the best way to live (ethics); the best way to govern (political philosophy); and the workings of the universe and the natural world (natural philosophy, or science). The Greeks were not the first civilization to wonder about these matters or to explore them, but they made answering these questions such a fundamental part of their cultural experience that they attained a very high level of intellectual advancement across all these areas. Their curiosity and experiments contributed to the development of Western civilization. Thornton is especially interested in the ways that the Greek civilization laid the foundation for modern day scientific and political thought. Scientifically, Greek philosophers laid the cornerstone for modern Western science. Long before the Manhattan Project and nuclear physics, the Greek philosopher Democritus argued that the world was made of tiny particles he called atoms. The Greeks were interested in what things were made of: A pencil was a pencil, but what was the pencil made of? Well, wood. And what was the wood made of? Though their answers weren’t always right, asking the questions was the most important step. And often, they were right: Anaximander theorized that the earth was round (basing this theory on the shadow it casts on the moon during an eclipse) centuries before Columbus sailed the ocean blue. The Greeks based their theories on a combination of scientific observation and rational thought, two things that form the basis of Western scientific innovation today. Most importantly, though, the Greeks gave Western science a passion for understanding the way that things work, and a willingness to make guesses and efforts in pursuit of that goal. The Western notion of government also owes much to the Greek model. Plato’s Republic outlines the model for a utopian society in which people are divided into groups

The Beach Essay Example for Free

The Beach Essay The beaches of Panama City is very nice, but overly crowded. The sand inhabited beach, relaxation in the sun, and fun times. Ah, you’ve arrived to one of your favorite places on Earth, the beach, the magnificent place that God created for relaxation and fun. The beautiful ocean right in front of you. The sand in between your toes, and the blissful sounds of the waves splashing against the shore line. You look around to see the yellow beam of sun shining down on you creating a sense of warmth and happiness throughout your body. You look around to see the different types of people, adults, children, teenagers. The adults are thrilled to be away from their overwhelming everyday lives and are finally able to relax. The children are all exceptionally thrilled about their time at the beach, with their beach toys and friends. The teenagers are thrilled to get to chill, and hang out at the beach, and to get away from their scheduled lives of school and sports etc. The sand surrounding the clear aqua ocean is being occupied by many beach towels, umbrellas and chairs. Children are sprinting in the sand and screaming at the top of their lungs as they splash in the water playfully, teens are creating conversation with new friends they’ve just met. You can hear the different types of people squealing at one another in the midst of playing and what not. You look around trying to figure out which fine dining establishment is sending the amazing smells of fresh seafood your way, hoping that maybe tonight you’ll be able to go chow down on your favorite foods. Beach shops prepare for their day of excited travelers bustling in and out of their small seafront shops. Opening their doors, they bring out all of the beach merchandise hoping to sell to the ongoing tourists. As the day comes to a fault there are still activities to be had, crabbing and night walks on the beaches. Some like to watch the sunsets that turns the sea a burnt shade of orange, and the skies a faint color of orange and a mixture of blue which sometimes can result in a pretty cotton candy color. If there are clouds in the sky, it gives a stunning grayish cast that can be quite interesting to look at. The beach is a wonderful place for relaxation, fun in the sun and an overall good time!

Current Macroeconomic Environment And Policy Of Australia Economics Essay

Current Macroeconomic Environment And Policy Of Australia Economics Essay A strong economy displays characteristics of maximizing growth as well as internal and external balance whilst minimising inflation, foreign debts and liabilities. There are various policies in Australia governing the macroeconomics including Fiscal and Monetary policies. Both these policies influence the economy through altering aggregate demand. In the last three years, since the onset of Global Financial Crisis, Australia has applied both expansionary monetary and fiscal policies to increase aggregate demand. There seems to be a general agreement amongst the economists with regards to the success of the monetary policy implemented. However the only general consensus with regards to the effectiveness of the fiscal policy is that there is no consensus. Key macroeconomic indicators Australias macroeconomic health same as the rest of the world is governed by factors of Gross Domestic Product(GDP),unemployment, price fluctuations, total nations income per year, interest rates, inflation, government spending, tax system, exchange rates, Consumer Price Index(CPI), consumer credit, foreign trades and value of currency. As oppose to Microeconomics, Macroeconomics deals with totals or aggregates. Gross Domestic Product Gross Domestic Product (GDP), is the single best measure of a nations economic wellbeing. It measures the total value of goods and services produced in a country in one single year (Liu,EC 5103 lecture notes,2009). GDP = Consumption + Investment + Government Spending + Net export. There are three approaches to calculating GDP Expenditure approach calculates the final spending on goods and services. Product approach calculates the market value of goods and services. Income approach sums the income received by all producers in the country. Problems with using GDP alone as a measure of economic wellbeing is that by itself, GDP does not give any information on income distribution in the country nor takes into account the effect of negative externalities on economic growth such as pollution or the effect of positive externalities such as health and education( Trading Economist, n.d). Taxes and interest rates influence GDP over time. Non economical factors influencing GDP include war, drought, natural and man made disasters. Figure 1. Australia GDP growth rate- Period 2006-2010 Source: http://www.tradingeconomics.com/Economics/GDPGrowth.aspx?Symbol=AUD#ixzz0i0dpV4ucConf_2009.htm Consumer Price Index The best price index measure is the Consumer Price Index (CPI). CPI is used to calculate the inflation rate and is also a measure of the change in cost of living over time. Business Cycle Fluctuations in economic activity over a period of time are reflected in the business cycle. Figure 2: Business Cycle Different stages of economy over a period of time Source: http://www.thebluecollarinvestor.com/blog/wpcontent/uploads/2008/11/business-cycle-graph-better.jpg The growth rate of Real Gross Domestic Product is used for measuring the fluctuations in the business cycle. Economists argue that higher interest rates can motivate the households for savings, and supply more loanable funds in the market, in form of bank deposits. Increased savings results in reducing foreign dependence which in turn accelerates economic growth due to higher investments. McKinnon (1973) and Shaw (1973) cited in Shrestha, M. B., Chowdhury, K. 2005, further assert that higher real interest rate also helps channel the capital to the most efficient industries and help development and technological advancement leading to economic growth. The aforementioned reiterates the fact that both fiscal and monetary policies are used to smooth out the business cycle. Commodity Prices and Trade One of the key contributors to Australias economic condition is the international economic activities in particular the commodity prices which is reflected in the Terms of Trade i.e. ratio of exports to imports prices (White, 1994). Since Australias export of commodities is large and the import is relatively stable, the world economy trades more with Australia hence strong Term of Trade is one of the key reasons for an increase in standard of living in Australia. The recent rise in global commodity prices due to increase demand in China and a drop in the price of imports mainly from China has allowed Australia to achieve a higher Term of Trade above its average. In 2005 Australia entered into an agreement with the US on Free Trade (Australian US free Trade Agreement- AUSFTA). Other countries that have FTA with Australia include New Zealand, Singapore, China, Japan, Malaysia and South Korea (Travel Document System, n.d). Farm output Farm output also appears to be a key determinant of the economic activity of Australia. This is influenced by factors such as drought. For instance, the major drought of 1980s was one of the key contributors to the disparities between the growth in the Organisation for Economic Co-operation and Development (OECD) countries and Australia (White, 1994). Government spending Government spending in infrastructure such as water, transport, telecommunication, education and health are aimed to expand Australias supply capacity such as plans to improve irrigation infrastructure and buy back unused water allocation along the Murray-Darling river. Environment: climate change Climate change must also be mentioned in this context. A report commissioned by the former Howard government recommended a domestic carbon emission scheme emphasizing that Australia should have an active role in developing a global carbon emissions trading scheme. The Rudd government aims to introduce a carbon trading system by 2011 and reduce emissions by 5% by 2020 (from 2000 levels). Interest Rates Interest rate is defined as the percentage rate per annum that a borrower pays to the lender or the cash rate which is the rate charged on overnight loans between the financial intermediaries. Interest rate has a negative effect on the money demand as shown below. Australia is a price-taker in global capital markets, so the Australian interest rates move with the global financial market trends. Interest rates are generally higher in Australia and New Zealand compared to the international standards largely due to strong fiscal policies relative to other developed countries (Kirchner, 2007, p. 11-15). In Australia, the Reserve Bank (RBA) determines the interest rate. It does so by changing the amount of money supplied, in other words by altering the equilibrium quantity of money supplied and money demanded. Australias interest rate is currently at 4.0 percent according to the data published by the Trading Economics in March 2010. Table 1. As at 31.03.2010, Australia has the highest interest rate amongst developed countries. The Reserve Bank of Australia 4% Bank of Canada 0.25% Bank of England 0.5% Bank of Japan 0.1% European Central Bank 1% Federal Reserve 0.25% Swiss National Bank 0.25% Source: http://www.fxstreet.com/fundamental/interest-rates-table/ Figure 3. A graphical demonstration of the effect of change in money supply on the interest rate. Source: Source: (Liu, EC 5103 supplementary notes, 2009) Figure 4. Australias Interest Rate- Period 2000-2010 Source: http://www.tradingeconomics.com/Economics/Unemploymentrate.aspx?Symbol=AUD#ixzz0i0ejiErm Unemployment rate Unemployment rate refers to the % labour force that are unemployed and actively pursuing a job. The unemployment rate is negatively related to the real GDP i.e. falling GDP results in an increase in unemployment and vice versa. As at January 2010 based on data published by Trading Economics the unemployment rate is 5.30 percent. Figure 5. Australia unemployment rate Source: http://www.tradingeconomics.com/Economics/Unemploymentrate.aspx?Symbol=AUD#ixzz0i0ejiErm Inflation rate Inflation rate refers to the % rate of increase in the average level of prices measured against a standard level of purchasing in the economy. According to the latest figures published by the Trading Economics the Inflation rate was 2.10 percent in December 2009. Inflation rate is best reflected in the CPI or the GDP deflator. Figure 6. Australia Inflation rate based on CPI- Period 2008-2010 Source: http://www.tradingeconomics.com/Economics/InflationCPI.aspx?Symbol=AUD#ixzz0i0eRh6VH Consumer Credit One of the major contributing factors that led to the recent Global Financial Crisis was the lack of regulation with relation to consumer credit originating in the United States. Money for institutions to borrow and lend was easily accessible which eventuated in sub-prime mortgages and what has come to be known as NINJA loans (No Income No Job or Assets). This toxic debt was then sold globally through various hedge funds. Although affected by the rest of the world through the freezing of credit markets, Australia has managed to remain in relatively stable position in comparison to the rest of the major economies. This, in part, can be attributed to the regulations enforced through the Consumer Credit Code (Appendix 1). Constant reviews and amendments of macroeconomic policy in relation to consumer credit regulation have contributed to Australias robust financial system in comparison to the majority of other developed nations  [1]  . Gold and Foreign Currency reserves The Reserve bank of Australia (RBA) has the responsibility of owning and managing the foreign currency and reserves for Australia  [2]  . On average, countries hold 10 per cent of their reserves in gold, although the proportion varies widely from one country to another. The Reserve Bank of Australia holds just 80 tones of gold, or 6 per cent of its total foreign reserves. The bank sold down its gold holdings in 1997 and its reserves are now largely held in US Treasuries and other government bonds. The reserves are used, when required, to keep the Australian dollar steady in times of volatility. (Bourlioufas,N. 2008). Several reasons exist for the reduction in gold holdings for Australia such as: Lack of income that it produces The cost of storage/security Inability to put value behind the Australian Dollar. Appendix 2 displays the RBAs current reserve holdings for 2009/2010. The amounts are displayed in Australian dollars and are subject to movement based on current exchange rates. Taxation (GST) One of the many aspects in taxation is the Goods and Services Tax (GST), which is a value added tax on the supply of goods and services in Australia. Until the introduction of the GST, Australia operated a Wholesale Sales Tax (WST), which imposed a tax on wholesale of goods. The GST was introduced to bridge the unfair tax gaps between service based businesses and suppliers of goods (GST Australia, 2009). In Australia the GST is levied at a flat 10%, which is collected from the buyer, which shifts the demand curve downward by the size of the tax, which effectively means both buyers and sellers share the burden of the tax (Mankiw, 2008). National income and output Measures of national income and output are used as an estimate of total economic activity by including Gross domestic profit, gross national product, and net national income. Each of these aspects is in relation with the total amount of goods and services within a country. The National income and output values are of importance for a variety of users such as the Reserve bank, academics, and private as well as the Australian government to allow the government to make interventions into the economy based off current and accurate information, as well. (Australia Bureau of Statistics, 2008) Macroeconomic Policies in Australia The goals of economic policy makers are: Maintaining real GDP growth constant and positive Maintaining unemployment rate low Minimising inflation The most important contributor to the economic growth is aggregate demand (effecting GDP). Both monetary and fiscal policies effect aggregate demand. How is this game being played? Should RBA consider a looser fiscal policy when determining interest rates? Or should the government consider the possibility of a rate cut when deciding on fiscal stimulus? Aggregate Demand (AD= C+I+G+NX) is effected by factors such as: Capital investment boom Rise/fall of exchange rate Consumer boom in a country that Australia has trade agreement with A boom in housing market A share price slump Unexpected cut/rise in interest rate Monetary policy Monetary Policy through the effect of the exchange rate influences the economy. Exchange rates also influence the inflation which in turn affects the trade (export and import). Exchange rates are influenced by factors such as commodity prices and interest rates. This reiterates how the determinants of macroeconomics are intertwined. Monetary policy is set by the Reserve Bank of Australia (RBA) to influence the supply (availability) of money and credit within the economy in an effort to stimulate growth and stabilise the financial system. Monetary policy influences the interest rates through purchasing and selling of government bonds. When RBA purchases government bonds to increase liquidity, it results a lower interest rate and lower unemployment. During the periods of high inflation, RBA sells government bonds resulting in an increase in interest rates. Effects of monetary policies are: In short term, a tight monetary policy results in a decrease in the prices of Goods and Services as well as higher disposable incomes hence an increase in the households demands. In long term, household demands decrease due to reduced income and increased unemployment. Reserve Bank Act 1959 establishes the objectives of the monetary policies  [3]  . Fiscal Policy: Fiscal policy targets both consumption and capital spending. It influences economic activities through government budget. The budget is announced yearly in May stating the government Revenue (T) and Expenditure (G). By varying the amount of spending, a fiscal policy may achieve one of the following: Fiscal surplus- when G Fiscal deficit- when T Balanced budget- when T=G When government wishes to stimulate economic growth, it applies an expansionary fiscal policy through increase in government spending and tax cuts which in turn increase consumption and investment. On the contrary, if government decides to slow down the economy, it applies a contractionary fiscal policy. Global Financial Crisis and Australias Response Deteriorating housing market in the US was the trigger to the onset of GFC in the world. Banks tightened lending policies; credit became more expensive and this led to a restrained aggregate demand resulting in weakness in world economic activity. The policies of governments around the world in response to GFC were aimed to address these weaknesses. Since the onset of GFC in 2007 Australia has responded by conducting monetary and fiscal policies. Both Short term and long term implications of these policies have to be considered to determine their effectiveness Analysis of Australias Monetary Policy in response to GFC During the GFC, expansionary monetary policies were implemented in Australia in response to the contraction in aggregate demand. RBA increased liquidity through multiple purchases of government bonds resulting in a decrease in interest rate through shifting the LM curve down and IS curve left. Figure 7. Shifts in LM and IS curve reflecting on the interest rate Source: http://www.rba.gov.au/econ-compet/2009/pdf/second-prize.pdf The lower interest rate led to a decrease in cost of borrowing which resulted in lower incentive for saving and ultimately led to an increase in consumption which resulted in the aggregate demand curve to shift to the right (figure 8). Figure 8. Expansionary Monetary Policy and its effect on Aggregate Demand Source: http://www.wcc.hawaii.edu/facstaff/briggsp/Macroeconomics/Chap_34_MonetaryFiscal.pdf Analysis of Australias Fiscal Policy in response to GFC The $42 billion economic stimulus plan of Rudd government between December 2008 and February 2009was intended to stimulate aggregate demand (Treasury, 2009). The focus of this package was mostly on investment in infrastructure which was predicted to have a larger effect on the economy in long run than in short run (Australian Government, 2010). It also provided incentives to housing as well as cash bonuses to stimulate consumption in short run. The inherent weakness of such cash bonuses is where people save their bonuses instead of spending it. Figures published by ABS demonstrate that immediately after the stimulus payments were made, there was a massive hit on spending by Australians households but this slowed down after 3 months (Insider retailing, 2010). According to the latest figures published by Trading Economics on 03.03.2010 and ABS, Australias economy grew at the fastest pace in the last quarter in almost 2 years. Table 2 demonstrates some of these figures published in this report. Table2: Australias economic figures March 2010. Percent Increase/Decrease % Comparison Period GDP à ¢Ã¢â‚¬  Ã¢â‚¬Ëœ 0.9 Last Quarter Growth à ¢Ã¢â‚¬  Ã¢â‚¬Ëœ 2.7 Last Year Current Account à ¢Ã¢â‚¬  Ã¢â‚¬Ëœ 19 to $17,459 b at December 2009 September 2009 Machinery Equipment spending à ¢Ã¢â‚¬  Ã¢â‚¬Ëœ 10.9 Last Quarter Households spending à ¢Ã¢â‚¬  Ã¢â‚¬Ëœ1.8 Last Quarter Unemployment rate à ¢Ã¢â‚¬  Ã¢â‚¬Å" to 5.3 Last 11 months Australian Dollar à ¢Ã¢â‚¬  Ã¢â‚¬Ëœ against $US and  £ British 25 year high against  £ British Interest rate à ¢Ã¢â‚¬  Ã¢â‚¬Ëœ by 0.25 Source: http://www.tradingeconomics.com/Economics/GDPGrowth.aspx?Symbol=AUD#ixzz0i0diuCw6 Also http://abs.gov.au/AUSSTATS/[emailprotected]/mf/5302.0/ Economists believe that the underlying reason for Australias Economic performance is Rudds Government stimulus package as well as increase in export however the widened account deficit of 19% in December 2009 figures is mainly due to an increase in imports. One of the consequences of this is expected to be a 1.3% decrease in Australias GDP therefore the recovery period is going to be weak (Market watch, 2010). Figure 9.Effect of fiscal stimulus on real GDP (forecasts from May 2009 Budget) Source: http://www.treasury.gov.au/documents/1686/HTML/docshell.asp?URL=Australian_Business_Economists_Annual_Forecasting_Conf_2009.htm The unemployment rate has dropped by 5.3% and the number of people employed has increased by 52700. This will put more pressure on RBA to increase interest (The Australian, n.d). Figure10. Effect of fiscal stimulus on the unemployment rate (forecasts from May 2009 Budget) Source: http://www.treasury.gov.au/documents/1686/HTML/docshell.asp?URL=Australian_Business_Economists_Annual_Forecasting Treasury secretary Ken Henry warns of the adverse shocks to financial markets despite the fact that GFC seems to have passed. Further more he explains that fiscal circumstances improve as the economy strengthens. As the economy strengthens, other things being equal, there is increasing upward pressure on prices and monetary responses to that (The Australian, n.d). In his book The Great Crash of 2008, the economic advisor Ross Garnaut, warns Kevin Rudd of hard times ahead in terms of lower living standards and economic wellbeing as a result of stimulus response to GFC (The Australian, October2009). Garnauts point of view is also shared by many other economists who consider the stimulus package a dangerous revival of a discredited Keynesianism which focuses on the short term aggregate spending as the source of growth in the economy. Some point out that fiscal policies result in an interest rate rise which has a crowding out effect on the expansion due to export and import. Hence they argue the ineffectiveness of Australias fiscal policy. The supporters of Stimulus package on the other hand argue that the spending avoided further economic contraction at the right time boosting consumers and businesss confidence and hence avoiding a recession. They also argue back with regards to trade issue pointed above, in the sense that Australias trade share is 47% of GDP which is less than the 60% quoted in previous studies as a benchmark of ineffectiveness of fiscal stimulus. They therefore argue that because of the lower trade share the fiscal stimulus has been effective in Australia (The Australian, n.d). Irving Fischer, the renowned American economist contributed to the economics in many ways one of which is his theory of Inter-Temporal Choice, which describes that through time savings, interest rates and investments are related(The Australian, n.d.). His theory highlights that present economic decisions have to have the future in mind  [4]  . Discussion There has been increasing concern amongst the economists in Australia about the sustainability of the fiscal policy in particular with regards to a solution for the current government deficit of $17.459 billion (Table 1). Australia has had challenging times in maintaining a stable economic condition. The recent Global Financial Crisis (GFC) that started in 2007 imposed great pressure on the economy. Nevertheless implementation of the fiscal and monetary policies achieved a better than expected performance by the economy (Budget, 2009-10), with forecasts of stronger growth and lower unemployment. Rudds Stimulus package through its fiscal expansionary characteristics seems to have been an appropriate response to the GFC in stabilizing the output levels however there is great concerns regarding the future of the economy. Did our politicians throw in a Keynesian based fiscal stimulus package without consideration of future consequences of it? Was there any vote buying elements incorporated in the design of it? There is a general consensus amongst the economists on the effectiveness of lowering interest rates as a monetary response to GFC by RBA which was also assisted by a depreciated exchange rate. On the other hand the fiscal policy has generated a lot of debate amongst the economists with no consensus on its effectiveness in sight. This is mainly due to the long lasting effect of the fiscal stimulus as oppose to short term, temporary and more reversible effect of the monetary stimulus. Kevin Rudds Fiscal stimulation concentrated on aggregate spending in short term to boost economic growth as per the Keynesian model. This has been proven to be the case in Australia however the unproductiveness of this large scale spending and the deficit resulting from it is far from a perfect economic condition. Does Kevin Rudd share the thought with John Maynard Keynes of in the long run we are all dead? If so are we, the Australian people supposed to suffer the consequences of his 17 billion dollars debt through our taxes, higher interest rates and higher inflation? If Irving Fisher was alive and if he was with Kevin Rudd when he was signing on the stimulus package, perhaps he would have reminded the prime minister that although his short term fiscal stimulus policy would increase public spending, it would show no regards to achieving long term high standard of living for Australian people. The side effects of the fiscal cash out include: Increasing future taxes to pay for the debts Higher interest Likelihood of inflation (as history shows us that the easiest way out of public debt has traditionally involved money creation). So was Kevin Rudds big night out worth the next days hangover of a budget deficit that adds to public debts which would further drain the economy? Or has the government designed an appropriate fiscal rebalancing strategy that it hasnt shared with Australian public yet?

Growth And Development In Babies Essay -- essays research papers

Babies grow and develop at a very rapid rate during the first year of life. They grow physically, mentally, emotionally and socially. However, through this portfolio, I intend to discuss the physical growth and development patterns of the infant through their first year.To begin with, development refers to the baby's increased skill in using various body parts. When dealing with the development of a child there are three basic developmental rules.First Developmental Rule:This rule states that babies develop in the head region first, then the trunk, and lastly in the legs and feet. Therefore, it is said that babies develop in a head-to-toe direction or cephalocaudally. For example, a baby can hold up their head before they can grasp an object with their hand. Also, they can feed themself before they can walk.Second Developmental Rule:The second rule explains that children develop from the midline, or centre of the body, outward toward the fingers and toes. This stage or rule is the one which affects the development of motor skills. Motor skills are the child's ability to control movement. There are two basic classifications of motor skills, gross motor skills and fine motor skills. Gross motor skills are those which involve the large muscles. Whereas, fine motor skills are those involving the smaller muscle groups. For example, a child can grasp a big ball in their arms before they can catch a baseball in their hands. The fine skills of hands and feet are the last to develop.Third Developmental Rule:Finally, this rule reveals that, as the brain develops, a child responds to more and more sights and sounds in their environment. Furthermore, they learn to respond to much finer details.The Baby's BodyIn this section, you will find specific break-downs of the baby's body parts. I decided to do this to show how the baby grows and develops in each area of their body. Also, you will see how these developing body parts affect the developing motor skills of the child. The following areas will be discussed, their size and weight, the head, brain, eyes, ears, arms and hands and finally, the legs and feet and the trunk.Size and WeightThe average baby is 20 inches long at birth, or 50.8cm. However, not all babies are born the same length, generally, lengths vary from 18-21.5 inches or 45.7-54.6 centimetres.The average baby weighs 7.5 pounds at birth, or 3.4 kilogra... ...eveloping control over her body.She can sit with support and may sit alone for short periods of time. She can roll over She will hold out her arms to be lifted up or reach and grab an object. She can hold her own bottle and toys. She laughs out loud, babbles, "calls" for help and screams when annoyed. Height-26 inches *Weight-16 poundsWhat can a 9-month-old baby do?At 9 months, she is exploring her environment.She can sit unassisted, crawl, pull to a stand and side-step along furniture. She can use her fingers to point, poke, and grasp small objects. She feeds herself finger foods She knows her name and responds to simple commands She uses "jargon"-babbling a pattern as if she were speaking a foreign language. Height-27.5 inches *Weight-19 poundsWhat can a 12-month-old baby do?At 1 year, she is striving for independence.She stands and may walk by herself. She climbs up and down stairs and out of the crib or play-pen. She prefers using one hand over the other and can drop and throw toys. She fears strange people and places. She remembers events, expresses affection, shows emotions, uses trial and error to solve a problem. Height-29.5 inches *Weight-22 pounds