Business Cycles Macro Economic Conditions And Its Impact...

Economics for Business Essay Question Lecture Name - Maruf Mostafa Student Name - Wastu Kankanamalage Gayani Chathurangi Maithripala Student ID – 11621711 Word Count – 1000 Introduction This essay will mainly focus, discussing business cycles in macro-economic conditions and their impact towards the country. The first part of the essay will describe different economic conditions within the macro-economic such as an economy boom and recession. The argument will bring out some definitions to provide more depth to the discussion. The latter part of the essay will illustrate the aggregate demand and aggregate supply model to demonstrate the relationship between gross domestic product (GDP) and the price level by using different†¦show more content†¦The positive swings or the high growth in the economic activities is called contractions and the down swings and declining growth in the economic activities is called a recession. According to the National Bureau of Economic Research, Recession is a critical decline in economic activity over the period of time and it will be evident through economic performance activities such as GDP, income, employment, industrial production, and wholesale-retail sales. (National Bureau of Economic Research) Aggregate demand and Aggregate supply Model The aggregate demand and aggregate supply models are related to describe macroeconomics and referred to as the AS/AD model. This model is a useful tool to evaluate the gross domestic product (GDP) against the price level and the AS/AD model is used in this discussion to explain business cycles including, recession, stable economy and contractions (Hess, P. N. 2013) The supply curve (AS) curve refers to the quantity of output supplied by the business sector to the price of output while the demand curve (AD curve) refers to the quantity of output demanded by the various sectors of the economy. (DeLong, J. B. 2003) The quantity of real GDP is calculated based on three key inputs such as labour (L), capital (K) and technology (T) within the economy (Hubbard 2012) There are twoShow MoreRelatedMarketing Micro and Macro Environmental Factors1669 Words   |  7 PagesMacro and micro environments both fall into the categories of environmental scanning. The general scope of environmental scanning is that it is a component of global environmental analysis. While analyses are typically carried out on the macro environment, the micro environment still has an important role to play. In summary, the macro environment is involved with the industries, companies, markets, clients and competitors, while the micro environment can be represented by the suppliers, competitorsRead MoreMacro Economy Elements1258 Words   |  6 Pages1.0 MACRO ENVIRONMENT ELEMENTS There are many factors in the macro-environment that will effect the decisions of the managers of any organization. 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African Americans And The American Dream - 1355 Words

The 1950’s were a time of happy days as idealized by the popular television series of the time. The â€Å"American Dream† was becoming a reality for all, or so it seemed. Unfortunately, life for one portion of the population of the United States was less than desirable. Although they received full citizenship and all its benefits with the passing of the 13th, 14th and 15th amendments, African Americans led a life that was subpar to that of their white counterparts. Their American reality tainted their American dream. When there is a denial of freedom, those wanting will seek freedom passionately. African Americans found the strength to fight the oppressive system they survived in for years. The Constitution and its subsequent amendments spell out the rights of all Americans. The 13th -15th amendments ended slavery, granted the former slaves citizenship and the right to vote. The Reconstruction Era saw an emergence of African Americans in politics and positions of power â€Å"Sixteen blacks sat in Congress from 1867-77.† (ushistory.org, 2014)The former slaves wanted to be a part of the country they had helped to build. However, the journey to equality was going to be a long one. Reconstruction offered new hope that the people of African had never seen in this country. With their freedom, there was a shift in plantation system of the south; the main source of wealth. Traditions are hard to break and this is evident as Reconstruction ended and the conditions of life as an AfricanShow MoreRelatedThe American Dream Of African Americans1400 Words   |  6 PagesWhat is the American Dream? To many people across the globe, the United States of America appears to be a pl ace where one can be proud of. America the land where dreams come true and there is always a chance for any person to succeed. 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Beethoven’s Ninth Symphony Fourth Movement

Question: Discuss about theBeethovens Ninth Symphonyfor Fourth Movement. Answer: Summary of Ã… ½iÃ… ¾eks Argument in the Article and the Video In the video, Zizek acknowledges that the Ninth Symphony is usually taken for granted by various people as a form of an ode to people. Similarly, Zizek asserts that the Ninth Symphony is perceived as an ode to every individuals freedom and the brotherhood. Zizek draws the viewers attention or focuses on the Ninth Symphony because he uses it as an ideal ideological container. For instance, in the article Zizek argues that the song was used as a nationalist anthem for Nazis, and at the same time, it was used as a communist song by the Soviet Union. Similarly, the tune was used when the Cultural Revolution happened in China. In essence, Zizek is telling humanity that ideology is a very unconscious fantasy that shapes individuals reality whether they recognize it or not (Zizek, 2007). Zizek discusses Ode to Joy of Beethoven from the Ninth Symphony, as well as how various people have embraced it. He argues that people with diverse political ideologies acknowledged the Ninth Symphony including the Nazis, pro-apartheid Rhodesians, Peruvian guerilla warriors, and the current European Union. Ideology, according to Zizek must be an unfilled container that is open to all kinds of interpretations. As such, despite the apparent brotherhood message in the Ode to Joy, the Beethoven was always practicing an ideology critique. Zizek further asserts that when a particular group unites together in brotherhood, there must be an exclusion of someone else and Beethovens job is to state that exclusion. In both the article and the video, Zizek asserts that Beethovens Ninth Symphony was a tune that was favorable to the Nazis. Currently, the tune is the European Unions unofficial anthem. Equally, Perus renowned Communist Party called the Shining Path viewed the tune as an ode to various proletariats. Moreover, the tune was a theme that kept on recurring in A Clockwork Orange. According to Zizek (2009), the tune is very prominent and famous in Die hard. Hence, Zizeks argument was revolving at finding out how a single artwork can be used by many varied ideologies for extremely different purposes. Response to the Statement I agree with Zizek that music is more than a supplication or learning a language and it is also more than merely something people listen to for pleasure. According to Zizek, the Ninth Symphony is used to give voice to critiques of various ideologies, for instance, the tune notes that millions come together to embrace one another, but the ones that are not happy can steal their weeping away. Through the tune, Zizek was showing people that as Europe was making final adjustments in Lisbon for a continental solidarity, the Turks were not embraced because of their ideology. Additionally, when East German and West German Olympic teams were coerced to compete jointly, gold medals were given to the Ode to Joy strains in lieu of any national anthem. The Ninth Symphony was used as the anthem, the same way it was used during Ian Smiths Rhodesian regime. References Jones, J. (2013). Slavoj Zizek Examines the Perverse Ideology of Beethovens Ode to Joy. Retrieved from, https://www.openculture.com/2013/11/slavoj-zizek-examines-the-perverse-ideology-of-beethovens-ode-to-joy.html OLeary., D.D. (2013). The Perverts Guide to Ideology. Retrieved from, https://alibi.com/film/45951/The-Perverts-Guide-to-Ideology.html Proyect, L. (2013). A Perverts Guide to Zizek. Retrieved from, https://www.counterpunch.org/2013/10/18/a-perverts-guide-to-zizek/ Zizek., S. (2007). Ode to Joy, Followed by Chaos and Despair. Retrieved from, https://www.nytimes.com/2007/12/24/opinion/24zizek.html?_r=2