Wall Steet Movie Review - 996 Words

The definition of business ethics is described as a company’s attitude and conduct towards its stakeholders – employees, customers, stockholders, and so forth; ethical behavior requires fair and honest treatment of all parties. The word ethics is defined as â€Å"standards of conduct or moral behavior.† The movie Wall Street, was the exact opposite of these definitions. The movie shows examples of hostile takeovers, insider trading, greed and unethical behaviors in the attempt to build fortune on the all mighty dollar. The movie focuses on the stock market and the way inside information is used to make decisions to build cash and profits at the costs of others. It portrays the decisions one may make when faced with the temptation of green†¦show more content†¦The movie is based off the uncertainties of the stock market. People are investing money in hopes of turning profits but just as it is uncertain losses are also realized. But the more risk y ou are willing to take, the higher the reward or pay out can be in the end. This does not only apply to money but to your actions. In the movie Buddy Fox and Gordon Gekko were willing to risk fines and jail time in order to gain information to make their returns on investment close to certain. This movie also taught the lesson that you should always know what you are doing with your money and if you do your research and homework, you will know what you’re investing in and it can bring higher success. You should never jump into an investment without knowing what you’re actually getting into. You should know what you’re investing, the beta tied to the investment and the reward you are looking to gain. Researching and finding these answers can definitely lead to smarter investments. Jumping into investments blind and uneducated can lead to loses in money. Wall Street had a high focus on stocks and bonds. It had some obvious correlations to business finance as well as subtle lessons. These lessons was a great way to take the words of the text book, Essentials of Managerial Finance and put them in front of your eyes to see exactly how these aspects in the book can be applied to reality. This was my first time watching this movie and the

Theoretical Perspectives Relevant to Developmental Psychology

A discussion of the structural, information processing, and developmental dimensions approaches to the analysis of age/development/life course trends. Developmental psychology, as a discipline, is currently undergoing a paradigmatic/world view change. Consequently, several different theoretical approaches to the study of development and the life course have been proposed and advocated. The three primary approaches currently being debated include the structural, information processing/cognitive, and life-span developmental/developmental dimensions approaches. The purpose of this paper is to examine the differences and similarities between these three broad approaches. However, this exposition would be incomplete without a discussion of the†¦show more content†¦The contextual world view represents the third world view which is relevant to the field of developmental psychology (Baltes, Reese, Lipsitt, 1980; Datan Reese, 1977). This world view uses the historic event or the dialectic as its metaphor. One is reminded of Heraclituss maxim of One can never step in the same river twice. The contextual world view defines reality as an ongoing and dynamic event. Therefore, the event is active. However, the event is also reactive; it occurs within the context of other events that are also dynamic and ongoing. In this sense, they share a reciprocally active and reactive interrelationship. Thus, one can not examine a single isolated event; an organism can only be understood by examining the parts of the organism within the context of the entire system within which the organism is a part. The influence of the contextual world view on the conceptualization of the individual in relation to developmental psychology can be described as follows: First, the individual is seen as constantly changing. In addition, the change that occurs is viewed as an interaction of the individual and the context within which they live. Thus, a developmental psychologist operating from this perspective would examine the interaction of biological, psychological, historical, and sociological factors on an individuals development; the gestalt including not only theShow MoreRelatedImmigrant Assimilation And Associated Implications With A Strong Focus On The World Of Psychology1677 Words   |  7 PagesAcculturation as a concept is a relatively new theory in the fields of sociology and anthropology, even more so in the world of psychology. In recent years, it has been throuroghly investigated and analysed as the immigration rates increase in Australia and worldwide since world war two. Accultura tion has become an ever increasingly relevant concept in today’s eclectic blend of cultures. Immigrants are usually caught in limbo between two different cultures of their own and the host country, withRead MoreSocial And Developmental Perspectives Of Psychology1446 Words   |  6 PagesPhinney Ong’s (2007) article discusses both the social and developmental perspectives of psychology in relation to the various components and measurements that are commonly used to identify ethnic identity within groups. To aid in their discussion, the researchers start by analyzing the available studies whose research effectually laid the groundwork for the development of both theoretical models and applicable assessments concerning individual and group ethnic identification, such as the MultigroupRead MoreEvaluation Of An Individual s Transition Into The Field Of Psychology1471 Words   |  6 PagesReflecting back on the beginning of the Consultation and Supervision class, I had li ttle prior knowledge of the different theories that supported the theoretical approaches used for supervising an individual’s transition into the field of psychology. In the duration of this course the instructor and my peers provided feedback and hands-on experiences to gain a better understanding what makes a competent supervisor. Through the course we had been supported, observed, monitored, and evaluated to assureRead MoreSelf Reflection Analysis : Everybody Has One A Personality 1425 Words   |  6 Pagessignificant attribute of all individuals. Gordon Allport introduced the world to the original theoretical view of personality traits in 1937 (Phelps, 2015). Specifications of his theory classified 50 characterizations of personality, categorized as traits (Allport 1937, as cited in Phelps, 2015). Up until the present time with the exception of supplementary characterizations and theories, minimal theoretical shifts have transpired. Accordingly, Allport came to be known as the originator of the theoryRead MoreThe Personality Of Personality Psychology Essay1051 Words   |  5 Pagesby that person’s individual personality. No two personalities are alike. This is because a person’s individual personality is made up of a unique variety of characteristics called traits. Raymond Cattell, a researcher in the field of personality psychology, found that there were at least 171 traits identified and labeled by researchers. Many of these traits were closely related to each other, and carried the same meaning. Cattell realized this and â€Å"took a set of traits, collected ratings on them,Read MorePsychosocial History: Barry Egan1761 Words   |  7 Pageswith his problems and stressors. II. Developmental History and Theoretical Orientation Barrys early childhood has yet to be explored in therapy. However, it can be assumed that Barrys seven sisters were equally as emotionally abusive during his upbringing as they remain now as adults. Barrys relationship with his parents has also not yet been explored in therapy. Further inquiry into his family background and family of origin will illuminate developmental psychological issues. It would be helpfulRead MoreTheories Of Development : Piagets Theory Of Cognitive Development1363 Words   |  6 PagesPiagets theory of cognitive development In the 1960s and 1970s, the Freudian psychology was changed with the initiation of the empirical methods to study the human behavior. Psychologist and philosopher Jean Piaget empirically verified, moving towards the cognitive development theory to provide the new perspective to the individual in getting awareness about the developmental stages of the children. Just like Freud, Piaget thought that human development could only be described in stages. On theRead MoreCreativity And Dyslexi An Investigation Study Of Divergent Thinking1119 Words   |  5 Pages393 ±415. Alexander-Passe. N. (2011) ‘Creativity and Dyslexia: An Investigation Study of Divergent Thinking’. Dyslexia and Creativity Investigations from Differing Perspectives 1-24 Amabile, T., 1996. Creativity in context. Westview press. Boden, C. and Giaschi, D., 2007. M-stream deficits and reading-related visual processes in developmental dyslexia. Psychological bulletin, 133(2), p.346. Cockcroft, K. and Hartgill, M., 2004. Focusing on the abilities in learning disabilities: dyslexia and creativityRead More Psychology Religion: The Spirtual Side to Counseling Essay1104 Words   |  5 Pages Abstract: In today’s society the field of psychology and the study of religion have hardly ever set will with one another. New information is being composed about the two fields working together, this paper is a brief description of those ideas and thoughts. nbsp;nbsp;nbsp;nbsp;nbsp;The psychological study of religion in the United States illustrates tensions and opportunities that exist between psychology and religion. It also demonstrates the multifaceted viewsRead MorePsychology1731 Words   |  7 Pagesï » ¿The Different schools of psychology Structuralism- the first school of thought headed by Wilhelm Wundt, a German, and later by E.B. Titchener started in 1879 when experimental psychology was gaining more incentive. The structuralists, as they called themselves, thought of psychology as the study of conscious experience. They started components experience. They started that all complex substances could be analyzed through their component elements. They held that elementary mental states such as

China s Growth And Its Impact On The United States

For the past century, Chinese society has felt a compulsive desire to develop at breakneck speeds. In pursuing development, China’s primary goal has been to display its sophistication to the world, rather than to directly aid the welfare of its citizens. Following this hierarchy of objectives, China has continued to relentlessly modernize despite enormous negative consequences; the development powered through famine during the Great Leap Forward, violence during the Cultural Revolution, and economic dislocation during liberalization, accepting negative consequences as bearable burdens on the path to global renown. Ignoring these issues, China has proven itself more responsive to international views of modernity than to immediate national†¦show more content†¦Physical calls for a solution accompanied Lu Xun’s literary complaint. Students took to the streets during the May 4th movement, a popular effort to right the course of Chinese society. The movement was â⠂¬Å"an attempt to redefine China’s culture as a valid part of the modern world.† The protestors proposed great societal changes in order to achieve modernization, urging citizens to â€Å"attack against reactionary or irrelevant old ways,† cultivate interest in â€Å"Western art and culture,† and develop a sophisticated awareness of the achievements of Western science.† While the reform suggestions varied, they â€Å"shared a central patriotic ground: they wished for a rejuvenated, unified China.† Thus, the protestors’ requested that China to strive to fulfill Western ideals for what makes a state modern. This desire informed the next century of Chinese decision-making: More â€Å"spiritual victories† were intolerable, as the Chinese demanded that their country prove its by developing at all costs. Leaders therefore, became primarily concerned with projecting an image ofShow MoreRelatedChin An Economic Power House1210 Words   |   5 PagesSeemingly transformed overnight; China has become an economic power house. In truth, however, China has been growing now for more than 30 years. Since it’s initiation of economic reforms and trade liberalization in 1979. China is one of, if not the fastest growing economy world-wide, averaging nearly 10% growth GDP (Growth Domestic Product). (Morrison, 2015) This financial revolution began with a series of reforms. One was designed to revitalize the state sector and save socialism, others beganRead MoreTrade Balance Between China And The United States865 Words   |  4 PagesAbstract In this paper we will be looking at the trade balance between the U.S. and China. The trade balance between China and the United States will be determined for the most recent past five years. The trend will also be illustrated using a graph and will offer the insights into the trade balance between these two countries. The impact of foreign trade will be analyzed, to include the two countries economic growth during the selected period, 2009 to 2013. The issues, concerns and ramificationsRead MoreSimplified Chinese English German Traditional Chinese Essay1707 Words   |  7 PagesInternational Trade papers papers Analysis of the European debt crisis continue to simmer China s influence and inspiration Papers Category:Economics Papers - International Trade Papers Post Time:2012-4-30 11:32:00 [Abstract] December 2010 the world s three major rating agencies downgraded Greece s sovereign rating, which the Greek sovereign debt crisis spread to the whole of Europe .2012 In January, Standard Poor s downgraded the credit ratings of nine countries in the euro area, including FranceRead MoreUnited States And The European Union1743 Words   |  7 PagesChina RD in numbers and main areas of expenditure Japan, the United States and the European Union are reducing their levels of investment in research and development (R D), leaving China on the way to establish itself as the first investor in R D towards 2019, according to a report the Organization for Economic Growth and Development (OECD, 2014). According to the Science Technology and Industry Outlook 2014, the share of OECD countries in global RD fell from 90 to 70 percent in the last decadeRead MoreThe Internet Of Our Lives1396 Words   |  6 Pagesis a broad topic, but if analyzation of its impact is examined at a scope worldwide, then one shall get a better understanding of its positive prospects and its more scary and dangerous ones. China will be studied specifically, as the impact it has had and is predicted t have on its economy is underrated. Also a problem that the chinese government faces is their fear of loss of culture with the introduction of new pop culture from the internet. While China is seen to be passing regulations for theRead MoreChina’s Real-Estate Bubble Essay1045 Words   |  5 PagesChina’s Real-Estate Bubble China is one of the major economical players in today’s international market. China’s economy is the â€Å"seconds largest in the world after the United States† (Joseph, 63). This is a striking achievement due to fact that China is a â€Å"developing country†. China has achieved a great amount of success through the collaboration of political and economical regimes. The economical growth in China led to â€Å"one of the biggest improvements in human welfare anywhere at anytime† (KristofRead MoreChina Rising Of China And China1505 Words   |  7 Pagesâ€Å"China Rising† is a non-arguable fact and the one of the most important subjects in the twenty-first century. The rise of China is a relative threat to the neighboring regions or other great powers. Further, some scholars also comment that China either will replace or has already superseded the United State as the world’s only superpower. China’s growth is too rapid and massi ve that other nations have limited or no opportunity to compete with. In the other hand, others argue that confits betweenRead MoreOutsourcing Of The United States1355 Words   |  6 Pagesd). Companies use outsourcing to reduce costs and improve productivity. In the 1970’s and 1980’s was when companies first began looking for alternatives to increase their profits and increase the production of their products (Narayanan, 2015). Products were becoming to expensive to make in the United States and other lesser developed countries were less expensive, and that is why the United States turned to China for production. There are lots of other reasons for outsourcing such as gaining accessRead MoreChin The Largest Economy1726 Words   |  7 PagesAt present, China is the largest economy in the world, overtaking the US in January 2015. It is also the world’s second largest oil consumer behind the US (Chen 2015) and the world’s largest net importer of crude oil (Dunn 2014). Its net importer status was driven by steady economic growth, with rapidly rising Chinese petroleum demand outpacing production growth (EIA 2014). China is also the fourth largest oil producing country in the world (Refer to Appendix ___). The growth in the developingRead MoreThe Current Contemporary Global Security Environment Of The 21st Century1360 Words   |  6 Pagessecurity issues facing the United States that range in size and complexity. These security issues vary from traditional state-based threats within Asia, gray-zone conflicts such as territorial disputes in the South China Sea or Russian aggression in the Ukraine, and how the Islamic State in the Levant (ISIL) is taking advantage of failing states throughout the Middle East. Of these security issues, the one that poses the greatest threat to the U.S. comes from the traditional state-based threats within

Demand and Supply of Gold and Factors Sides of The Market

Question: Discuss about the Demand And Supply Of Gold And Factors That Affect The Demand And Supply Sides Of The Market. Answer: Introduction Price of a commodity is the main determinant of the market demand for that commodity. Demand depends inversely on price, that is, as the price of a good rises, the demand for it falls and vice-versa. However, there are certain commodities for which the demand and price are directly related, that is, the demand increases with increase in price and vice-versa Giffen goods. Prices of other related goods like substitute goods and complementary goods also affect the demand. Income of the individual is another major determinant of the demand for a product. The demand for a normal commodity increases with increase in the income of the individual. But for an inferior commodity, the demand falls with increases in income. Other determinants of demand are tastes and preferences of consumers and expectations about the future. The market demand curve is downward-sloping which reflects the inverse relationship between the demand for a commodity and its price. Price changes lead to shifts along th e demand curve whereas changes in any of the other parameters lead to shifts of the demand curve. (Varian, 2005) The supply of a product depends on a variety of factors. Besides price which shares a direct relationship with supply, the prices of inputs that determine the cost of production also affect the supply. Other factors are technology, prices of other goods, price expectations and the number of producers in the market. In a demand-determined market structure, demand for a particular product determines the supply. The market supply curve is a graphical representation of the relationship between price and quantity supplied and since these are directly related, the curve is upward-rising. (Pindyck and Rubinfeld, 2005) The market equilibrium is established when the demand for a particular commodity is exactly equal to the supply of the same and the corresponding price is called the equilibrium price. (Mankiw, 2006) The Market For Gold The demand for gold depends on a lot of factors ranging from individual perspectives to macroeconomic parameters. The primary determinant of the market demand for gold is the price. When the price of gold falls, the demand for gold will go up. Similarly, when the price of gold rises, the demand will fall. The relative rise and fall in the demand depends on the price elasticity of demand for gold which is generally high given that gold is a luxury commodity. This implies that when the price of gold reduces by a small amount, the demand will go up considerably. The relationship is illustrated in the following diagram: FIGURE 1 In Figure 1, the DD curve represents the market demand curve for gold. As the price of gold increases from P* to P, the amount of gold demanded in the market falls from Q* to Q along the demand curve. However, gold is often used as an investment commodity and also as a future security. In such cases, sometimes the price of gold and the quantity demanded can reflect a positive relationship. This is because when the price of gold rises, people anticipate that the price will rise even further. Hence, they hoard gold as much as possible in the present period to avoid paying higher costs in the future. Moreover, if used as an investment commodity, the gold can be sold off at a higher price later. Similarly, when the price of gold falls, people reduce their purchase in anticipation of further fall in the price to avoid incurring losses. (Folger. 2016) The demand for gold is dependent on the availability of substitutes such as silver, platinum, etc. When the price of platinum increases it pushes up the demand for gold. This is because platinum is a substitute for gold when used in the form of jewellery and also otherwise when the price of platinum increases people will want to substitute their purchase of platinum jewellery with gold jewellery. This is shown in the following diagram: FIGURE 2 In Figure 2, when the price of platinum increases, the demand for gold increases and this is represented by an outward shift of the demand curve from DD to DD. (Dorgan, 2015) Though there is no such complementary good for gold, the making charge for gold jewellery may be considered as a complementary service which might affect the demand for gold however insignificantly. When making charges increase by a considerable amount the demand for gold may fall because people might not want to pay such high charges. This is shown in the following diagram: FIGURE 3 As shown in Figure 3, as making charges increase, the demand for gold falls which is represented by the shift of the demand curve from DD to DD. However, there is no complement of solid gold. (Pettinger, 2011) The demand for gold again depends on the income of an individual. As income increases, individuals will purchase more of gold jewellery for ornamental purposes as well as for investment and hence the market demand for gold will increase considerably as an aggregate effect. This is represented by an outward shift of the market demand curve for gold. Again, as income falls the market demand for gold will also fall and the market demand curve will shift inward. The demand for gold depends hugely on the income of individuals at every level mainly because it is considered the safest investment option given that the value never falls except under certain unlikely macroeconomic shocks. The supply of gold does not depend on individual consumers and producers in the gold market. The supply of gold is determined by macroeconomic parameters according to the various requirements of an economy. It is varied according to fiscal and monetary adjustments and changes with policy changes. The supply of gold is determined by the government and the central bank. The import or export of gold at the national level depends on international parameters and is determined according to market conditions. The supply of gold is relatively price inelastic it does not vary much with prices. However, when the supply of gold increases due to non-price factors, the supply curve shifts outside. (Wagner, 2010) The equilibrium is established where the demand for gold equals the supply of the same. Conclusion Expectations about the future are a very significant determinant of the demand for gold. If consumers expect prices to go up further in the future, they might end up buying more of gold at present or they might stop purchasing gold completely. This is a subjective issue and depends on individual perspectives. Since gold is often used as an investment good, the behaviour of demand and supply in the gold market can sometimes reflect considerable deviations from conventional economic theory. The gold market can be segregated into different sections according to the use of the gold, as jewellery for consumers, as an investment good for investors or gold security reserved by the central bank. (Haugon, 1984) References Mankiw, G 2006, Principles of Microeconomics, South Western Educational Publishing, USA. Pindyck, R Rubinfeld, D 2005, Microeconomics, Pearson Education, USA. Varian, R 2005, Intermediate Microeconomics: A Modern Approach, W.W. Norton Company, USA. Folger, J 2016, What Drives the Price of Gold, viewed 20 August 2016, https://www.investopedia.com/financial-edge/0311/what-drives-the-price-of-gold.aspx. Pettinger, T 2011, Factors affecting the price of gold, viewed 20 August 2016, https://www.economicshelp.org/blog/3099/economics/factors-affecting-the-price-of-gold/. Dorgan, G 2015, The Six Major Fundamental Factors that determine Gold and Silver Prices, viewed 20 August 2016, https://snbchf.com/swissgold/gold/gold-silver-prices/. Wagner, H 2010, The Truth About Worldwide Gold Supply and Demand, viewed 20 August 2016, https://www.investinganswers.com/investment-ideas/commodities-precious-metals/truth-about-worldwide-gold-supply-demand-1668. Haugom, H 1984, Supply and Demand for Gold, viewed 20 August 2016, file:///C:/Users/user/Downloads/b14460762.pdf.