Economics of Construction is the class... i need a 3 page paper on Essay

Economics of Construction is the class... i need a 3 page paper on Describe the federal reserve system and the various ways it effects the market economy - Essay Example The V and Q are fixed so that any change in M causes a proportionate change in P. To control P, it is therefore necessary that M be brought under control. Any policy with respect to this is known as monetary policy. Amongst various instruments available with central bank are interest rates, reserve requirements, interventions in the credit market and so on. These instruments are used to influence the demand for liquidity and, thus, M could be controlled. In fact, Federal Reserve uses several policy instruments to reduce the adverse effects of fluctuations in income. An important instrument used to influence money supply is interest rate, which is signaled by Federal Rate. In the transaction motive for money, there is an inverse relationship between opportunity cost of money that is interest rate and demand for liquidity. As such, if Federal targets inflation, it would have to increase interest rate so that liquidity is removed from the system. Any increase in interest rate would induce people to part away liquidity and thereby bring about stability in the price level. Second mechanism operates through credit market. It is assumed that borrowing from credit market finances entire investment spending. Credit expansion is an important mechanism for money creation; thus, if credit expansion is controlled, money supply can be controlled and so price could be controlled. Federal could use interest rate directly to influence credit creation. A necessary and sufficient condition for investment to take place is that marginal efficiency of capital, measured by rate of return, should be at least or equal to cost of capital, given by interest rate. With every increase in Federal rate, the Federal Reserve indirectly increases cost of capital such that the basic condition for investment spending gets violated. This reduces incentives for private investment resulting is lack demand for credit. Similarly, if the economy has slowed down, they could reduce

Teaching English in primary school why I chose this age and what is Research Paper

Teaching English in primary school why I chose this age and what is the benefit - Research Paper Example What a teacher who teaches in primary school can give a child is the best towards his language acquisition. The selection of this level is the apt one mainly because acquisition process is quick in this period and there will not be any interruption in it. It is necessary to go through the significant points related to the selection f the age of a primary school child for teaching English. A child who is always listening to his mother happens to hear the words she repeats. A misunderstanding that children acquire language through imitation exists. But in fact the process here is recurrence. Linguists too had the same belief until 1957. Noam Chomsky, a then relatively unknown man Noam Chomsky propounded the theory that the capacity to acquire language is in fact innate. This particular theory propounded by Noam Chomsky revolutionized the study of language acquisition, and after a brief period of controversy upon the publication of his work, Aspects of the Theory of Syntax, in 1964, his theories are now generally acknowledged widely. Chomsky says, â€Å"Indeed language is not a skill such as many others, like learning to drive or perform mathematical operations-it cannot be taught as such in early stages.†,Chomsky. [Anandan, 57]. It is so clear that language cannot be learned but acquired through listening. Every human being has got an area called Language Acquisition Device in their brain. This area helps him to acquire a language when an exposure to it is given. But another fact is there. All the aspects of the language are not innate. Chomsky has claimed that all of us are born with what he terms a Universal Grammar, an inherent sensitivity to linguistic structure and patterns applicable to every human language. When the child gets exposure to the language, he begins to reproduce the particular language specific sounds that gradually lead to the acquisition of that language. These sounds are eventually produced by him when he acquires the lexis