An Age of Surfaces Deceptive Exteriors and Flawed Interiors in Oscar Wildes The Importance of Being Earnest

Patterns And Issues In Curriculum And Instructions Education Essay The Jamaican Early Childhood Curriculum was as of late made. The educational program is based on the rule that kids take in best when content from different teaches alongside aptitudes from the formative spaces are in accordance with the childrens all encompassing perspective and experience of the world. The educational program in this way thinks about learning through play, sequenced learning, singular learning, the professionals various jobs, and incorporation all things considered and the spaces of advancement, the learning condition, legitimate evaluation, the job of guardians and the job of network (Davies, 2008). While the educational program tends to different destinations that should be met in encouraging Early Childhood learning and blueprints the essential directions, there are difficulties to the execution of the educational plan. Extensively, these components are typically inner and outer. These components diminish the adequacy of the educational plan and debilitate the opportunity of compelling learning at the Early Childhood Level. The variables drive a befuddle between the circumstance that the educational program was intended to target and the truth. This distinction makes the genuine taking in result veer off from the proposed learning result. The educational plan depends on a suspicion that the understudy is working at a specific level, the understudies parent and ecological foundation offer a specific degree of help, and the educator works at a specific level. It is reasonable for accept this is regularly the situation. In any case, educational program execution separates at what ever point these suspicions don't hold. In my view, the interior components might be best spoken to by educators, understudies, school foundation and assets. Educators are given the essential obligation to execute the educational plan. An instructors inventiveness, capacities and capability empowers him/her to move the substance of the educational program in a significant manner that will interface with the various gatherings of students. As per Jalongo and Isenberg (2012) an instructors information on the youngsters and the substance of the educational program will empower him/her to have the capacity to accommodate the childrens qualities and shortcoming. The fit instructor will have the option to encourage the childs intrigue and to build up the information, abilities, qualities, and airs they should become profitable individuals from the general public. Jalongo and Isenberg (2012) place that the instructor systems and plan for learning is the string that weaves the educational program. They allude to this as the what o f instructing, and the how of educating. Its subsequently, basic that educators plan for the understudies learning so as to provide food for the various learning styles in their homeroom. The techniques that the instructor utilizes should fit the understudies capacity to pick up information and build up the vital aptitudes. Additionally, the educator ought to be equipped and procure sharp bits of knowledge on the abilities that kids have so as to provide food for all encompassing turn of events. On the off chance that this isn't accomplished, at that point the execution of the educational plan would have fizzled. A key element for the fruitful execution of any educational program is a sharp comprehension of the student. Jalongo and Isenberg (2012) place that an educational program should concentrate on what a kid knows and can do and what a youngster should know and can do. Thus the substance of the educational program should consider the necessities, intrigue, age and phase of advancement and the social and social setting of the kid. The kid as the student has a definitive achievement of the educational program. This considers the capacities, aptitudes, foundation information and presentation/experience that the kid obtains before entering the learning condition. As per Puckett and Diffily (2004) monitoring the distinctions in childrens improvement, qualities and difficulties will permit educational program organizers and instructors to design adequately so as to meet every childs formative needs. Jalongo and Isenberg (2012) expressed that an educational plan ought to think about the accompa nying; Child improvement and learning, Child needs, capacities and enthusiasm just as their socio social setting in which they live. I unequivocally accept that these variables will empower the educators to perform adequately inside the instructing and learning condition. The school foundation and assets assume an imperative job in the conveyance of the schools educational program. It is my perception that the size of the understudy populace comparative with the size and nature of the physical convenience of a school impacts the nature of educational plan usage. As per Krogh and Morehouse (2008) nature outside the homeroom ought to be rich with potential and turns into a significant multiuse field. They likewise demonstrate that the physical condition has a vital and fundamental impact in supporting practices that energize significant levels of youngster started commitment and investigation. It is my view that the earth assumes a key job in animating the subjective procedures required for compelling educational program execution. I accept that the foundation of a school draws in a specific financial class from inside the network. Accordingly, this will decide the nature of understudies and educators who are selected and utilized to the school. It likewise sets up the nature of educational plan execution that will happen. This will drive the assets that these schools are given. More noteworthy assets imply that the school can appropriately back the required staffing and framework upgrades that encourage the learning procedure. My school is situated in the rustic zone of St. Andrew and its serves kids from low financial foundations. Accordingly, the usage of the educational plan faces hindrances as the understudies can't identify with the data, the educators have constrained instructive preparing and the assets are restricted to address the issues of the understudies. This represents a test for the educational program to be completely executed and for the necessary learning results to be acquired. In my view, outer factors generally incorporate guardians, home and network. I accept that these elements are essential to the execution of the educational plan. Parental contribution is a key determinant to fruitful scholarly accomplishment. This sets the establishment of the learning disposition that kids convey to the learning condition. Backing from guardians expands the scholastic accomplishment in later years. Burke (2010) hypothesizes that a kid whose guardians are energetically dynamic and associated with their instruction at an early has an unmistakable favorable position when contrasted with his/her friends. I accept that the contribution of guardians encourages the childs eagerness to welcome the significance of strong instruction. This contribution can break or construct the execution of any educational plan. As I would see it, guardians are commonly unconscious of the ground-breaking impact that they have on what and how the substance of an educational plan is structured and executed. I accept that guardians are a fundamental piece of asset building. Solid parent educator affiliations (PTAs) and viable parental association in school organization goes a far route in reinforcing gathering pledges exercises and in securing outer help in building the school foundation. I emphatically accept that guardians are the primary line of help for all kids. They are the essential wellspring of socialization and set the establishment for formal figuring out how to happen. The house is the underlying condition for ideal supporting and it in a perfect world makes a feeling of having a place. In incorporating parental job in educational plan execution, a one-size fits all methodology can't be taken. We need to mull over the financial status of these guardians just as their instructive foundation. The foundation of these guardians, particularly in country environs, takes into account restriction on the information they can offer to the usage of the educational program. Subsequently, next to zero contribution happens and the powerlessness to consider educators responsible for poor educational plan usage turns into a significant issue. Burke (2010) states that when guardians are associated with the instructive procedure of their kids, they will have the option to i ncorporate or include extra data and knowledge from their very own encounters to educators so as to help their childs learning and advancement. Network is viewed as the auxiliary wellspring of socialization. At the point when we look at a network, we have to consider the structure, culture and financial components that shape the network. Couchenour and Chrisman (2011) expressed that when the social foundation of the network doesn't coordinate the social and instructive setting of a school then the scholastic accomplishment will be influenced. This, I accept, is essential in the usage of the educational plan. As I would see it, the social foundation of the understudies and the guardians may keep a school from achieving a focused on culture. The interrelatedness of the school and the network extraordinarily impacts the accomplishment of the destinations of the educational program. Rustic people group are to a great extent involved ranchers and jobless people who sparingly obtain auxiliary training. Urie Brofenbrenners bioecological hypothesis clarifies that understanding a childs improvement expects us to see the youngster in his socio culture setting that incorporates family setting, network and the more extensive society (as refered to in Couchenour and Chrisman, 2011). It is my view that the network assumes an imperative job in molding the way of life of the school. Contingent upon the financial, culture, structure and instructive components the usage of the educational plan will be broadly influenced. Taking everything into account, numerous elements affectâ curriculumâ implementation. It is my view that interior factors, for example, instructors, understudies, school framework and assets and outside elements, for example, guardians, home and network are fundamental elements tha

Critique of an Article - Organizational Development and Change Essay

Investigate of an Article - Organizational Development and Change - Essay Example The change procedure at ABA exchanging organization, working in Germany have been portrayed in three stages including change activity, change usage process and economical change process. The association has gone through the adjustment in technique, hierarchical culture, the board, and authority and representative direction. Before clarifying the procedure of progress, understanding why ABA Company wanted to bring the change is significant. As a matter of fact, as a vital reaction to expanding rivalry, ABA Company chose to go global. The association was rebuilt into three divisions and the regulatory help was decentralized. Rather than simply just rebuilding, the authoritative difference in ABA seemed, by all accounts, to be a finished coordinated procedure, where alongside auxiliary change, change in system, culture and so forth were additionally presented. Different organizations think present moment and overlook the connection among rebuilding and procedure, in any case, for rebuilding to be fruitful, long haul methodology ought to be connected to authoritative rebuilding. Like different associations, rebuilding and cutting back stances incredible dangers for the association on the grounds that the degree of trust, responsibility and spirit of the workers may go down. Same thing occurred for this situation, along these lines, to diminish the contrary effect of the change procedure; the association wanted to break down the conduct and mentality of individuals towards this change. First it was seen that before the change procedure, the way of life of organization was fatherly and steady. The administration was mindful and profoundly social mental agreements used to exist among association and its individuals. The responsibility was brought by professional stability and long lasting work. Bill wanted to help the change procedure, rather than simply educating the workers about bringing the change and for a persistent perception and assessment of hierarchical individuals; a group of scientists was recruited. The specialists of

Barriers to Sustainable Tourism Development

Obstructions to Sustainable Tourism Development Bagan (Myanmar) is one of the fringe districts of Myanmar where there has just fascination for visitors. As per Oxford word reference, fringe countries are the underdeveloped nations those are still in the creating stage with a low expectation for everyday comforts (Oxford Dictionary). As indicated by Brown (2000), the fringe areas depend on traditional enterprises and there has no or low financial development. Bagan is one of the goals where full with tourist’s attractions however the administration doesn't bolster anything to that territory for financial development. All things considered the Bagan has alluring landscapes that are important for the travel industry. The vast majority of the individuals in fringe locales are elderly individuals since youthful ages depend on advancements and move to other spot where created regions (urban zones). The primary business of Myanmar is horticulture and the administration ought to advance the nation as a well known goal to turn into a created nation. Likewise Bagan is extremely intriguing spot. In any case, there has such a large number of hindrances to build up the fringe districts like Bagan, Myanmar. A portion of the obstructions are absence of information, poor transportation framework, absence of government support, absence of foundation and no travel industry arranging. In Bagan, neighborhood individuals are doing workmanship and the majority of the individuals are sellers and ranchers so they have no information about the travel industry. That is the reason the legislature ought to advance the goal (Bagan) to neighborhood visit organizations. Moreover, there has no visit organization in Bagan. At the point when the administration advances the spot, visit organization will set up their organization in goals. What's more, that organization will give the activity and give the l earner to neighborhood individuals for taking an interest in supportable the travel industry improvement and language area. The greater part of the individuals from fringe locale can't communicate in global language, English. Give the student areas that give the affirmation of the travel industry is the best answer for understanding the hindrance (restricted information). Likewise ought to give the English language class to individuals who need to work in the travel industry and friendliness industry. Thinking about the travel industry can be one of the chances to make work also as can expand the neighborhood individuals salary. There can be increment the quantity of guests when creating practical the travel industry and that can improve the way of life of neighborhood individuals and can build the Gross Domestic Profit (GDP) of nation also. Furthermore, another of the fundamental hindrances is no travel industry arranging in that fringe district (Bagan, Myanmar). The administration ought to build up the travel industry arranging by participation with visit administrator. Visit administrator is the individual or association that can had a deep understanding of the travel industry, for example, what sort of media should utilize, what sort of spot can be tourist’s fascination, which kind of individuals should we use in explicit territory, etc. The travel industry arranging is the absolute initial step for creating supportable the travel industry improvement. That travel industry arranging can address the arrangements, zoning and so forth. The approach can fulfill the nearby individuals. This is on the grounds that the neighborhood individuals will feel upset when their place is a larger number of guests than nearby individuals. Zoning can help not exclusively to the regular assets yet additionally to the nearby indi viduals. In the event that the visit administrator cause zoning to can help both the travel industry and neighborhoods. For instance Bagan ought to make zone for visitors and that zone is particularly for financial zone. This is on the grounds that now Bagan is not very many nearby individuals and that can influence to them if there has no zoning. Besides, the administration should make long haul arrangement. They should think at any rate ten years plan for neighborhood individuals. This is on the grounds that there can seem numerous business (privately owned businesses) from around the nation. On the off chance that the legislature didn't make long haul plan, the nearby individuals will feel irritate to the two visitors and private divisions. So government ought to consider for the neighborhood individuals since they are the principle area that can continue the travel industry advancement in their locale. As per Parlato (2004), â€Å"an benevolent demeanor towards the earth, bringing about conduct change, is bound to happen if inspiration to do so is on an individual and individual level, through one’s own convictions just as worth framework as opposed to on the off chance that it were implemented legitimately or essentially saw as a social or political ideal†. There can't be economical the travel industry create where there has no every neighborhood (individual) inclusion in arranging. Likewise every one of everybody can adjust their perspective in inside a second so the legislature ought to do ensure plan for their future. What's more, the administration ought to consider about the neighborhood individuals convictions and qualities. Moreover, neighborhood individuals will completely bolster when the legislature consider what they convictions and qualities for their life. Those convictions and qualities can assemble trust between nearby individuals and government. Also, that can tackle the boundaries of incredible in government. Successful neighborhood individuals collaboration is scarcely to get when the legislature utilized capacity to them. As indicated by Butler (1999), the issue for economical the travel industry advancement is scarcely to explain the significance of word and furthermore that can concentrate on the shortcoming purposes of goal. The significance of economical the travel industry improvement is seldom to hear for neighborhood individuals and at some point that can be misjudging between nearby individuals and different partners. So the visit administrators ought to present the precisely meaning and exact data to nearby individuals for forestalling the contentions. The more terrible outcomes can come out for improvement when there has issue with neighborhood individuals. This is on the grounds that nearby individuals are the center place that can bolster in practical turn of events. Another obstruction is the goal is absence of tourist’s offices. Tourist’s offices are lodging, inn, visitor house for settlement, train, vehicle, transport for transportation, café, bar for nourishment and drink, etc. The fringe district like Bagan is absence of those offices for pulling in more sightseers. Indeed, even there has no universal convenience, for example, Hilton, Marriott, and so on. The administration should open up the global business. This is on the grounds that a few visitors thinks they are so steadfast while they remain at global standard just as certain sightseers didn't pick the spot there has no worldwide inns. In the event that the administration needs to create supportable the travel industry, right off the bat they ought to make or open up the business for offices. Besides, neighborhood lodging engineers will come in and set up their business in the area. So that can be favorable circumstances for individuals who live in that goal. Moreover, t he nearby engineer can watch information from the universal inn for improving the norm and pull in more guests to come. Open up financial area is the most significant thing. Sources: exchanging financial aspects (2013) This diagram can show how significant the open up economy is. This diagram shows the quantity of tourists’ appearances in Myanmar and can see the contrasts among when open up economy. Likewise transportation is one of the most significant things that we need to think for creating. There will be less sightseers will come when there has poor transportation framework. Having an awful the travel industry pioneers can rain the support advancement. In fringe area or individuals from creating nations have constrained information about the travel industry. At some point they simply underlined on the transient benefits and never consider the things can occur in not so distant future. For instance, a travel industry pioneer who has just expertise that can bring in cash or benefits a great deal however can't support. So the travel industry pioneer should be proficient about the travel industry, likewise can persuade to individuals for supporting and collaborate too. A highlights of good the travel industry pioneer is an individual who Can ready to propel others, Can access to a broad system both inside and outside the network, Can bolster the estimations of the network and energetic about the district and its travel industry potential too (Moscardo, 2005). As a synopsis, the travel industry of Bagan can't get benefits as they expected on account of the information on the travel industry hindrances. For illuminating those obstructions, government should manufacture the trust between neighborhood individuals likewise the great the travel industry pioneers can deal with all the things. What's more, the administration or different partners giving learner area to neighborhood individuals for their lacking information. Therefore, that can build up an effective stainable the travel industry advancement in fringe district and can enter and improve the nearby standard to worldwide standard of business. References Sala,S., Castellan,V. (2010). Economical execution list for the travel industry strategy advancement. The travel industry advancement, 31(6), 971-880. Recovered from http://www.sciencedirect.com.elibrary.jcu.edu.au/science/article/pii/S0261517709001721# Tip, B. P. (2009). Economical TOURISM.International Trade Forum,(1), 21-23. Recovered from http://search.proquest.com/docview/231383924?accountid=16285 Reid,M., Schwab,W. (2006). Obstructions to Sustainable Development. Aisan and Africa Studies, 41, 20. Recovered from http://jas.sagepub.com.elibrary.jcu.edu.au/content/41/5-6/439.full.pdf+html McIntyre, K. (2011). 2011 WEDF: SUSTAINABLE TOURISM DEVELOPMENT. Worldwide Trade Forum, (2), 9-11. Recovered from http://search.proquest.com/docview/896731062?accountid=16285 http://www.premierwritings.com/obstructions to-economical the travel industry improvement in-fringe districts/ Earthy colored, F. (2000). The travel industry In Peripheral Areas: contextual investigations: Aspects of Tourism, MultilingualMatters. Parlato, M. (2004). Ecotourism and the Maltese islands: A Case study. Rustic Recreation and Tourism Publications of the Royal Agricultural College, Cirencester, Unpublished Master’s Dissertation Dodds, Rachel and Butler, Richard (2009): Barriers to actualizing Sustainable Tourism Policy in Mass Tourism Destinations. Distributed in: TOURISMOS: An International Multidisciplinary Journal of Tourism,

The Leaked Secrets to Best Research Paper Service Disclosed

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Mediterranean Society Under Greek and Roman Influence Essay

As the Greek and Roman empires ascended immensely throughout the western world, new ideas changed the way the Mediterranean Society handled things, which were spread across the globe. â€Å"The rise of the series of city-states of classical Greece began in the ninth century B.C.E. and during the late sixth century B.C.E, Rome’s development as a republic began as Etruscan society declined†(Bentley et al, 2008 p.132, 145). The development of these empires encouraged cultural circulation, blending the culture of the two empires into the land it conquered. As Greece and Rome gained more territory within the Mediterranean society, they began to progress toward a more civilized order of humanity. How were they alike? How were they different? How did†¦show more content†¦Moreover, while the production and transportation of goods was influential to the trading industry, the Romans were able to expand their empire by conquering distant lands. Differences of the Greeks and Romans Despite all their similarities, The Greeks and Romans engaged in substantive culture differences. Their religions derived from a complex set of gods and goddesses, called deities, who were seen as regulating human life. Since the Romans embraced culture from the Greeks, many traditions were the same. However, the Greek and Roman culture, although similar, are very different and appealing. For instance, the Greeks did not acknowledge an all-powerful god; they believe that deities controlled everything that transpired on earth. In other words, the Greeks sought religious cults to explain the forces that shape the world (Bentley et al, 2008 p.143). On the contrary, during the early days of the Romans history, they believed in Greeks philosophy as well. WGBH (2008) has noted, â€Å"that some Roman citizens were open-minded to deities from the ancient Greece†. Nevertheless, after observing the preaching of a new kind of faith called Christianity, voiced by Paul of Tarsus, a Jew from Anatolia, about Jesus of Nazareth, the Romans welcomed this new faith. According to (Bentley et al, 2008), Paul’s teaching was based on...†a sense of spiritual freedom...and spiritual equality of the sexes and that Christianity bestows an assurance of victory to those whoShow MoreRelatedThe Contrast and Comparison Between the Ancient Greeks and Romans1483 Words   |  6 PagesThe ancient Greeks and Roman civilizations both began their histories with the emergence of city states. Both of these civilizations made contributions to the Middle East. The Greeks had made a wild spread of discoveries on several fields. This included astro nomy by Ptolemy, geometry by Euclid, and the philosophy of the Roman Emperor Marcus Aurelius of his Stoic philosophy. Because the Greeks were widely known as a creative and prestigious race, the Romans were influenced by the Iliad (Homer’s legendaryRead MoreRoman Achievements and Contributions1571 Words   |  7 PagesRoman Achievements Jigsaw Background: The period of great cultural achievements for the Roman Empire is referred to as the Pax Romana, or â€Å"Peace of Rome.† Beginning after the Republican Wars in 27 B.C., and lasting to about 180 A.D., this era was marked by general tranquility and unity across the empire. By this time, Rome had overtaken most of the Mediterranean world and had spread its culture. Family Religion The family was the basic unit of Roman society. Under Roman law, the male headRead MoreEssay on Roman â€Å"Res Publica†1007 Words   |  5 Pagesï » ¿Roman â€Å"Res Publica† The first known inhabitants of the Italian Peninsula were the Dorians. They had first invaded the Greek Peninsula circa 1200 B.C. before moving onto the Italian Peninsula around 1000 B.C. About 200 years later, a new civilization arose in Etturia (now Tuscany) that would have a tremendous influence on the Romans. These people were known as the Etruscans. The Etruscans were a military ruling class that exploited the native Italians, making them work the mines and serveRead MoreCause of the Disappearance of the Indus Valley Civilization1675 Words   |  7 Pageswith the Aryans, floods, drought, and/or decline in trade with other societies. Topic 1: On several occasions in class, we discussed the processes of accretion and syncretism. Describe and analyze the cross-cultural influences in a Mediterranean and Indus Valley context. Your essay should provide examples of cultural (remember the components of culture we discussed early in the semester) interchange between different societies and civilizations. Introduction Culture is the complex combinationRead MoreThe Roman Empire Essay2106 Words   |  9 PagesQuestion C: The Roman empire was large and very vast. It encompassed many different cultures that fell under Roman political rule. Romanization or becoming a Roman is described by studying the changes in everyday life to include language and religious practices, and from drinking habits and personal names. The western provinces of the Roman empire had a long and trouble some experience throughout its history. Much of the Britain and Germanic Gaul’s history was destroyed by the Romanization processRead MoreGreek And Roman Civilizations : Greece And Ancient Civilizations1498 Words   |  6 Pages Greek and Roman Civilizations In examining the impact that the ancient world has had on modern Western civilization, the two ancient civilizations which are frequently understood as having had the greatest influence are Ancient Greece and Ancient Rome. These two civilizations would eventually come to shape much of what would become the modern European culture, politics and society, and by extension, a vast proportion of global culture and society. In examining the trajectory of modern historyRead MoreGreek And Roman Civilizations : Greece And Ancient Civilizations1503 Words   |  7 Pages Greek and Roman Civilizations In examining the impact that the ancient world has had on modern Western civilization, the two ancient civilizations which are frequently understood as having had the greatest influence are Ancient Greece and Ancient Rome. These two civilizations would eventually come to shape much of what would become the modern European culture, politics and society, and by extension, a vast proportion of global culture and society. In scrutinizing the trajectory of modern historyRead More Roman and Greek Philosophys Influence on Todays Western Culture780 Words   |  4 Pages Advances in Art, science and politics were made in the eastern part of the Mediterranean Sea. Greek philosophers were among the first in the West to explore nature in a rational way and to make educated guesses about the creation of the world and the universe. This is why Greece is often referred to as the birthplace of Western culture. The ancient Greeks viewed the world in a way that one would today perhaps describe as holistic. Science, philosophy, art and politics were interwoven and combinedRead MoreAncient Roman Dwellings Evolved Architecturally In Time1093 Words   |  5 PagesAncient Roman dwellings evolved architecturally in time from simple huts in the earliest times, to sophisticated and extremely long-lived structures in the later Republic and Imperial Rome following the annexation of the Greek city-states. This is very evident in many Italian and Greek cities where archaeologists have found different occupational levels, with each lower architectural strata being much more ancient (Lavan, Ãâ€"zgenel, Sarantis, 2007). Typically, however, Roman architecture refers toRead MoreItaly : A Long And Rich History1417 Words   |  6 PagesItaly was at first preceded by several non-Italian cultures, including Greeks. The Greeks occupied southern Italy, including areas around Sicily. This remained a wealthy ext ent of land because of the tremendously fertile soil, which then caused the sprout of new cities and civilization. These Greek cities ultimately stood taken over by Roman control. As far as northern city-states, the Etruscans lived in areas influenced by Greek culture. The Etruscans stayed well-known engineers, builders, and traders

African American History Through The Process Of...

In W. E. B. Du Bois’ book Black Reconstruction, he discusses the various topics of African American history through the process of Reconstruction. Through its rise and fall, he covers different vantage points and opinions attempting to incorporate all relevant ideas and positions. However, through this process, one theme that transcends throughout is his belief in the strict principles of Marxist economic theory. When applying this to the eventual fall of the Reconstruction era, he constricts the viewpoint to only focus to that of what Marxist theory would have to say for it, however, it must be remembered that complex issues deserve equally complex solutions. While Du Bois’ application of Marxist principles is not one-dimensional, his†¦show more content†¦Thus, creating a cycle of economic superiority that led to strict social classes based on race throughout and after the Reconstruction era. Essentially, that is the view of the Marxist theory in economics tha t Du Bois champions repeatedly throughout the book, which involves the relationship between the means of production, the â€Å"Base,† and all other aspects of society, the â€Å"Superstructure.† Marxist economic theory describes and defines the connection between the two stating that the Base influences everything within the Superstructure including politics, religion, and social life. In the case of the Base and the Superstructure, Du Bois believed that the suppression of the black labor force led to increasingly poor economic conditions, which then directly affected their Superstructure. Du Bois furthers his point by declaring that the White aristocrats of the South encouraged and hired poor White workers to not only enforce the exploitation of the Black working class but to also create an increased divide among the two groups for their own economic gain. The premise behind the argument that W. E. B. Du Bois presents is obvious and makes logical sense both because of the situation that African Americans found themselves in and the economic abuse that Southern farmers could benefit greatly from; thus, it would not be feasible to deny the economic connection that contributed to the downfall of Reconstruction through the oppression of the Black labor force.Show MoreRelatedEssay on History From Reconstruction Through Ww11329 Words   |  6 PagesThis survey paper wi ll explore the early events of Reconstruction during and immediately after the Civil War. The topics that will be addressed in this survey paper will be the Thirteenth Amendment, the Freedmens Bureau, the Black Code, the Fourteenth Amendment and finally some political and social achievements of Reconstruction. 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Security Analysis and Portfolio Management †MyAssignmenthelp.com

Question: Discuss about the Security Analysis and Portfolio Management. Answer: Introduction Blackmores Limited is an Australian organization that is directed by a vision of inspiring people to embrace national health. Critical to the discussion is the fact that the organization trades publicly implying her historical prices were obtained from yahoo finance using the symbol ASX BLK. Analogously, historical prices for a benchmarking the market standard in Australia was obtained from the same site suing the symbol ASX200. It is notable that the historical prices were collected in order to examine the organizations stock performance, market capitalization, debt and equity mix with an aim of deciding whether investing in the organizations stock would be a wise decision. It is important to note that the study used different techniques and tools for analysis. For instance, Microsoft Excel was used to evaluate the stocks performance using regression analysis. The same toll was used to for overpricing or underpricing of the stock in question by plotting a security market line. Further, the price to earnings ratio was used to check if it is an appropriate time to invest in the stock. In addition, the debt to equity ratio was obtained and used to identify the financial policy implemented by Blackmores Limited. Above all, it is prudent to invest in the companys stocks because the stock price for the organization is underpriced. After collecting the data from the mentioned source, the data was inserted in Microsoft Excel for analysis. It is important to note that monthly lag was chosen before downloading the two sets of datum from yahoo fianc. As a result, the monthly return for every month was calculated using the formula , where the subscript indicates the lag. A scatter plot of BKL against ASX200 was plotted and a trend line was fitted to obtain the regression equation from the data. The results are depicted in figure 1 below. From the graph, it is evident that the stock performed well because the trend line is slopping upwards. Additionally, the for the stock is 0.3963, which implies that the stocks volatility was 61 percent less than the markets volatility in the last five years. It is notable that that for the organization in question was less than one implying much of the price fluctuations were brought about by unsystematic risk. Simply put, the price fluctuations of the stock were a direct result of investment decisions made by the management of Blackmores Limited. The scatter plot in figure 2 below further highlights that the mentioned idea because the stock was performing better than the ASX 200 had performed up to the first quarter of the fourth year. As Waemustafa, and Sukri, (2016) argue, organizations that plot above the market standard are said to be performing well. Ang (2015) argues that the total stockholders equity and the price of one share are the only requirements for calculating the market capitalization. In a different publication, Bali, Engle, R and Murray (2016) argue that the market capitalization could be calculated using the following formula. . Consequently, the total stockholders equity was obtained from Blackmores financial report for the year ending December 31st 2016 (Blackmores, 2016). The total stockholders equity was obtained as 173,643.00. The price of one share was collected from the closing price of the stock on December 31 2016, which was 102.50. Therefore, the market capitalization for Blackmores limited as of December 31 2016 was $ 17,798,407.50. The Capital Asset Pricing Model was used to identify whether Blackmores stocks are overpriced or underpriced. Critical to the discussion is the fact that several variables were calculated prior to determining whether the stocks are overpriced or underpriced. Specifically, the expected return from the stock, the risk free rate, the beta of the stock, and the return of the market were calculated. For instance, Musharbash, and Linnertova (2016) argue that the expected return is calculated using the formula: . Consequently, the expected return for Blackmores stock was calculated by taking the closing price of the stock minus the opening price of the stock. The result was then divided by the opening price and multiplied by one hundred. The expected market return was calculated using a similar procedure: only that the historical opening and closing prices for ASX200 were used. The result from the calculation was established as 39.06%. Mungikar and Muralidhar, K.S. (2014) argue that the risk free rate of return should be calculated using: . Where is the risk free rate, is the expected return of the stock, b is the beta of the stock, and is the expected return of the market. The formula was then used to calculate the risk free rate of return using values of beta, expected return of the stock and market that were obtained above. The risk free market return was found to be 7.03%. A security market line was then plotted by assuming that the expected return is 7.03% when eta is zero and 39.06% when beta is 1%. The security market line is depicted in figure 3 below. According to Damodaran (2012), a stock is said to be overpriced if the beta is above the security market line and underpriced if the stocks beta is below the security market line. The beta for the stock in question is -0.0163, which is below the security market line. Therefore, the analysis reveals that the stock is underpriced. A time series analysis is required in order to forecast the future price of the stock. This could be done using an appropriate statistical software such as R. The data will be uploaded in R and checked for the seasonal effect using the command . The trend will also be checked using the command (Hyndman, and Athanasopoulos, 2014). The cyclic and trend component will then be removed by taking the natural logarithm of the returns and using it for the proceeding analysis. From the scatter plot in figure 2 above it is evident that the data is non-stationary because the mean and variance is not constant over time (Carmona, 2014). Therefore, the data will be differenced the appropriate number of times to obtain an ARIMA model of the form ARIMA(p,d,q). Using the forecast library, it will be possible to make the prediction using the command where BLK is the differenced data set and h is the number of months forecasted (Cao, Li, and Wang, 2016). From the scatter plot in figure 2 above, it is evident that the trend for the stock is rapidly declining. Further, Damodaran (2012) reveals that the price to earnings ratio could be used to identify an appropriate time for investing in a stock. Specifically, the author argues that stocks from organizations with price to earnings ratios that are below 10 should be purchased while those that are above 20 should not be purchased. The price to earnings ratio for the organization is present on yahoo finance and is 23.58 implying it is an inappropriate time to invest in the stock. Babu (2012) reveals that the debt to equity ratio is an important ratio that could be used to identify the debt to equity financing. The same notion is shared by Damodaran (2012) who also mentions that the ratio could be calculated using the formula. The formula was used to calculate the debt to equity ratio, which was established to be 0.41657903. According to Gupta (2016), the ratio indicates that investors finance most of the assets and activities in the organization. Specifically, the ratio implies that at least 66.6 percent of the organizations financing is from investors. It is important to note that the organization uses different types of debt and equity. For instance, the organization uses equity such as retained earnings, common stock, and treasury stocks. Additionally, the company uses debt financing such as debentures and loans. Apparently, the organization uses both debt and equity to finance her activities. Critical to the discussion is the fact that the organization embraces a long-term financing policy because of the debt to equity ratio, the type of debts, and equity present in the companys books of accounts. According to Anuar, and Chin (2016), an organization is said to be embracing a long-term financial policy if it uses debentures, retained earnings, loans from financial institutions, and common stocks. As mentioned earlier, the organization uses the mentioned sources of debt and equity, which implies that Blackmores Limited is embracing a long-term financing policy. Critical to the discussion is the fact that close to thirty percent of Blackmores Limited activities are financed by debt implying the organization is free from risks such as bankruptcy, and loss of future financing ability. The long-term financing policy embraced by the organization in question implies that the organization has advantages as well as disadvantages. According to Nwude, Itiri, Agbadua, and Udeh (2016), the financial policy used by the organization increases the tax for Blackmores Limited because maximizing on debt reduces that tax paid by an organization (Blackmores Limited uses limited debt). In a different study, Modugu (2013) reveals that the organization enjoys the flexibility of borrowing in future for minimizing on debt financing. Analogously, Mwangi, Makau, and Kosimbei (2014) reveal that the policy frees the organization from agency costs. Regardless, the same financial policy is associated with negative effects such as a careless management. As evidenced, Nwude, et al., (2016) reveal that debt financing is responsible for keeping the management on its toes because a careless management could lead to bankruptcy. Apparently, Blackmores limited is a healthy organization implying it is prudent to invest in the organizations stocks given a capital of $10,000. To begin with, the organization is financially healthy because it has a very low debt to equity ratio. Simply put, the organization is nowhere near solvency, which implies the organization will continue to exist in the long-term. Additionally, the financing policy implemented by the organization implies that it could still borrow from lenders if the market underperforms. Critical to the discussion is the fact that such an investment should be made with a long-term perception in mind because the scatter plot in figure 2 above indicates that the prices for the stock are declining. This owes to the fact that the price for the stock could continue to decline in the near future, but will eventually rise in the long-term. Why should the stock price for the organization under discussion rise in the long-term? Evidence from the security market line in figure 3 above indicates that the stock price is underpriced. According to Acqua, Etro, Teti, and Murri (2014), underpriced stocks are known to increase in price when the market realizes that the stock is underpriced. Critical to the discussion is the fact that the price should rise until its saturation when the stock will be overpriced. Therefore, it is prudent to buy stocks for the organization in question despite the indicator of the price to earnings ratio. Conclusion In conclusion, this paper evaluates the historical prices for Blackmores Limited and recommends that it is prudent invest in the organizations stock. Vital to the debate is the truth that a regression analysis was used to examine the stocks historical performance, which indicates that the tock performed well in the past. Regardless, the price for the stock has been declining recently but the trend is expected to change. This owes to the truth that the organizations management is risk averse and has used a financing strategy that ascertains Blackmores limited remains a healthy organization financially. Additionally, the share value for the stock in question is underpriced, which implies that the price is likely to rise in future. Therefore, it is advisable to invest in Blackmores limited stocks. References Acqua, D. A., Etro, L. L., Teti. E., and Murri, M. (2014). IPO Underpricing and Aftermarket Performance in Italy. International Journal of Finance and Banking, 1(5): 30-45. Ang, C. S. (2015).Analyzing financial data and implementing financial models using R. Cham: Springer, 2015 Anuar, H., and Chin, O. (2016). The Development of Debt to Equity Ratio in Capital Structure Model: A case of micro franchising. Procedia Economics and Finance 35: 274 280. doi: 10.1016/S2212-5671(16)00034-4 Babu, G. R. (2012).Financial management. New Delhi: Concept Pub. Co. Bali, T. G., Engle, R. F., and Murray, S. (2016).Empirical asset pricing: The cross section of stock returns. Hoboken, New Jersey: John Wiley Sons, Blackmores Limited. (2016). Financial Report for the Half-Year Ended 31 December 2016. Retrieved from https://www.blackmores.com.au/about-us/investor-centre/annual-and-half-year-reports Gupta, A. (2016). Capital Structure Practices- Industry Wise Analysis of Companies. The International Journal of Business Management, 4(2): 14-20. Hyndman, R. J., and Athanasopoulos, G. (2014). Forecasting: Principles and Practice. Heathmont, Vic: OTexts Cao, H., Li, J., and Wang, R. (2016). Trends and Applications in Knowledge Discovery and Data Mining. Auckland, New Zealand: Springer Carmona, R. (2014). Statistical Analysis of Financial Data in R. (Statistical analysis of financial data in R.) New York, NY: Springer Damodaran, A. (2012). Investment Valuation: Tools and Techniques for Determining the Value of Any Asset, University Edition. Hoboken, N.J: John Wiley Sons. Iqbal, J. M., and Shah, Z. S. (2012). Determinants of Systematic Risk. The Journal of Commerce, 4(1): 47-56. Retrieved from https://joc.hcc.edu.pk/articlepdf/joc201260_47_56.pdf Kevin, S. (2015). Security Analysis and Portfolio Management. Delhi: PHI Learning Private Limited. Modugu, P. K. (2013). Capital Structure Decision: An Overview. Journal of Finance and Bank Management, 1(1):14-27. Retrieved from https://jfbmnet.com/journals/jfbm/Vol_1_No_1_June_2013/2.pdf Mungikar, V., and Muralidhar, K.S. (2014). Application of the dividend discount model to Infosys. Asian Journal of Management Research, 4(3): 509-515. Retrieved from https://www.ipublishing.co.in/ajmrvol1no1/volfour/EIJMRS4041.pdf Musharbash, B., and Linnertova, D. (2016). Capital Asset Pricing Model versus Arbitrage Pricing Theory. Masaryk University Retrieved from https://is.muni.cz/th/440125/esf_m/ThesisFinalDraft.pdf Mwangi, W. L., Makau, S. M., Kosimbei, G. (2014). Relationship between Capital Structure and Performance of Nonfinancial Companies Listed In the Nairobi Securities Exchange, Kenya. Global Journal of Contemporary Research in Accounting, Auditing and Business Ethics, 1(2): 72-90. Nwude, E. C., Itiri, O. I., Agbadua, O, B., and Udeh, N. S. (2016). The Impact of Debt Structure on Firm Performance: Empirical Evidence from Nigerian Quoted Firms. Asian Economic and Financial Review, 6(11): 647-660. Retrieved from https://www.aessweb.com/pdf-files/AEFR-2016-6(11)-647-660.pdf Scott, P. (2016). Accounting for Business. Oxford: Oxford University Press. Waemustafa, W., and Sukri, S. (2016). Systematic and Unsystematic Risk Determinants of Liquidity Risk between Islamic and Conventional Banks. International Journal of Economics and Financial Issues, 6(4), 1321-1327. Retrieved from https://www.researchgate.net/publication/309358671_Systematic_and_Unsystematic_Risk_Determinants_of_Liquidity_Risk_Between_Islamic_and_Conventional_Banks