The Factors that Lead to Instability of Commodity Price

The Factors that Lead to Instability of Commodity Price 1.1 Background of the study Commodity price will influence the economy in some countries in the world. There are many factor that can cause the instability of commodity price. As we know commodity can be classified as goods that demanded by the people. In the economic theory, if the demand higher than the supply it can cause shortage, if this is happen the economy in the country will be instable. In the case of commodities, there are several technique to secure the price of commodity in order to make sure the price is stable. For example, change in exchanged rate, world political situation, inflation, global output, industrial production and etc. 1.2 Problem statement Over many years, there are many researchers make an analysis about the factor that lead to instability of commodity price. Most of them discover a different idea through out their research about the instability of commodity price. This is important to a country to know what is actually the cause of this factor. Therefore, a research must be conduct in order to know what is actually the factor that lead to instability of commodity price. 1.3 Research objectives The research objectives of this research as follows: To determine the factor that lead to instability of commodity price. To know the relationship between the factors toward the commodity price. To identify the effect of commodity price. 1.4 Scope and limitation of study In order to complete the research of the study, I have gathered trusted information from the internet. Few journals have been chosen to get some additional information. After that, in order to get what the objectives want of this study, secondary data have been chosen. The limitation of this study is to choose the best method that can conduct this research and it is hard to choose. There are methods can be used to know the factor that lead to instability of commodity price. 1.5 Significance of the problem By doing analysis on this study, we can reduce the risk of increasing commodity price due to the economic crisis.besides, we can determine the signoificant variables that effecting the commodity price. This research also can give advantages to government because they can control the commodity prce base on the economic condition. 2.0 Literature Review Commodity can be defined as goods whereby it is demanded by the people. As we can see today, the price of commodity is now increasing. In my opinion, it may be due the cost of resources that is also increasing. Therefore, we can say that the price of commodity is determined wholly by the market function. Commodity goods are consists of sugar, crude oil, gold, rice and etc. When the value of commodity increases, the cost will increase as well. There are some reasons that lead to the instability of the price of commodity. Thus, I have found out few reasons from knowledgable person that lead to the instability of the price of commodity. A study of Frankel Rose (2009), have shown that the price of commodity is influence by inflation and global output. It was found that the relationship between the commodity and both the inflation and global output is positive. In addition, the microeconomic variables also affect the commodity price. For example, inventories. Another evidence also shown that the inflation also influence the commodity price (Gospodinov Ng, 2010). After the unemployment gap and oil price being controlled, it was found that the price of 23 commodities were influenced by the inflation. Another study of Bower, Geis Winkler (2007), also shown that the inflation and exchange rate also influence the price of commodity. On the other hand, the study of Pindyck Rotemberg (1990), the macroeconomic shock influence the instability of price commodity, whereby, the industrial production and inflation will determine the future demand for commodity and will later affect the price of commodity. Thus, wh en the interest rate increase, the commodity price will decrease. However, the study of Bastourre, Carrera Ibarlucia (2007) have shown a different view on what affect the commodity price. This is because, in the long run the Argentina commodity price is influence by the real interest rate, real exchange rate of United States of America and the demand of raw materials. Other different view regarding instability of commodity price is influence by predictions of conditional variance and conditional expectations theories (Laroque, 1997). The global monetary conditions could also influenced the price of commodity whereby, in another study of Anzuin,Lombardi pagano(2010), it was found that the monetary policy shock gave impact to the instability of commodity price. In a different study of Wescott Hoffman (1999), it was found that the price of commodity as in corn and wheat were influenced by the agricultural policies, stockholding and government pricing support. When the agricultural policy maker asked the producer to increase the price, then the commodity price need to be increased or vice versa. According to Lalonde, Zhu Demers (2003), it has shown that the world economic activity and the effective exchange rate of US dollar lead to influence the price of commodity. Thus, if the economic activity is active, it may lead to increase in commodity price. On the other hand, according to Tadesse Guttormsen (2010) the periodic price threshold influence the instability of commodity price. When the price of threshold increase, the commodity price will increase as well. After viewing the resources, I found several factors that lead to the instability of commodity price. Those factors consist of inflation, exchange rate, interest rate, global output and more. After identifying all the factors, the theoretical framework can be sketched. Thus, the method to be used can be indentified and hypotheses can be made after analyzing all the data. 2.1 Theoretical framework Inflation Exchange Rate The factor that lead to instability of commodity price Interest rate Global output Theoretical framework is the part of the study including in research methodology. Usually the network of association can be more clear explained the entire variable in the study. If we look to the sketch above, there were independent variable on the left side and dependent variable on the right side. What is Independent and dependent variables? Independent is the variables that lend itself, and dependent vice versa. From the sketch of theoretical framework above, we can see that the independent variable consist of four, inflation, exchange rate, interest rate and global output. The dependent variable is the factor that lead to instability of commodity price. 3.0 DATA METHODOLOGY 3.1 Introduction By using the secondary data the factor that lead to instability of commodity price can be conducted. Secondary data can be define as the data that already exist by the previous researcher. The data is consist of published and unpublished material such as journal, article and etc. Through the data base, the secondary data can be gained. Thus, the methods for this analysis are used to complete the objectives of the analysis. 3.2 Data, population and sampling method In order to complete the research, the data can be collected from world bank and Bursa Malaysia. the population is data is collected for Malaysian only. It is because this research is on commodity price in Malaysia. In my opinion population is the group of people that lives together in certain area. The researcher can gain their information or data in that area in order to complete his research. For example, if the researcher want to investigate about academic dishonesty or plagiarism among the students in UiTM Sabah, he must collect the data from the population in UiTM Sabah only. On the other hand, this research is doing in Malaysia so that the data collected must be suitable because the data based on commodity price in Malaysia. Sampling method is divided into two which is probability sampling and non probability sampling. By using this sampling method, researcher can cut a lot of time doing research and also can cut cost. 3.3 Analysis of data To estimate the data, the univariate modeling technique such as naÃÆ'Â ¯ve trend model, exponential smoofhing and lagragian model will be use. 3.4 Hypothesis development The hypothesis that can be concluded for this research is whether the dependent variable such as inflation, exchange rate, interest rate and global output will effect the instability of commodity price. The directional and the non directional hypothesis is the classification of hypothesis. The null and alternate hypothesis can either be rejected or accepted in accordance with the result from the test of the variables. 3.5 Summary Before conducting a research, we have two element that have to be taken into consideration that is the data and methodology. It is better to make sure the availability of data before one proceeds to do research. To gain an accurate result for a research we must use proper methods. When data is already gathered and analyzed, hypothesis can then be tested.

F. Scott Fitzgeralds The Great Gatsby as Criticism of American Society

  Ã‚  Ã‚   In The Great Gatsby, F. Scott Fitzgerald criticizes American society in the 1920?s for its tendencies to waste, advertise, form superficial relationships, and obsess over appearances. The work has been praised for both its brutal realism and its keen depiction of the age that The New York Times referred to as the era when, 'gin was the national drink and sex was the national obsession'(Fitzgerald vii).   ' . . . indifference is presented as a moral failure - a failure of society, particularly the society of the American east to recognize the imperatives of truth and honesty and justice? (Gallo 35).     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   F. Scott Fitzgerald criticizes the wasteful tendencies of American society.   He uses the valley of ashes to refer to this ugly aspect of American society.   The valley of ashes is a bleak area situated between the West Egg and New York City, 'where ashes take the forms of houses and chimneys and rising smoke and, finally, with a transcendent effort, of men who move dimly and already crumbling through the powdery air'(Fitzgerald 23).   This unpleasant wasteland is located right along the roadway and train route between the eggs, home of the lofty aristocrats, and New York City, the exciting and fashionable metropolis where many of the nations wealthiest people live, work, and entertain themselves.   'There is no essential difference between the moneyed wastelands of New York City and Long Island and the valley of ashes,' (Gallo 49)  Ã‚   Referring to an eye doctor's billboard in the valley of ashes, Nick, our narrator comments:   Evidently some wild wag of an oculist set them there to fatten his practice   in the borough of Queens, and then sank down himself into eternal   blindness or forgot them and moved away.   But ... ... Moment: The Novels of F. Scott Fitzgerald. Urbana: U of Illinois P, 1970. Whitley, John S.   F. Scott Fitzgerald: "The Great Gatsby." London: Edward Arnold, 1976. Outline Thesis statement: In The Great Gatsby, F. Scott Fitzgerald criticizes American society in the 1920?s for its tendency to waste, advertise, form superficial relationships, and obsess over appearances. I. Introduction   A. Literary Classic   B. Societal Criticism    1. wasteful tendency    2. advertising obsession    3. superficial relationships    4. appearances fixation II. Wasteful Tendency   A. Valley of Ashes   B. Gatsby   C. Tom and Daisy III. Advertising Obsession   A. Billboard   B. McKees   C. Tom   D. Daisy   E. Gatsby III. Appearances Fixation   A. Myrtle   B. Catherine   C. Gatsby IV. Superficial Relationships   A. Billboard   B. Myrtle?s Party

Criminal Justice: the Right Job for You

I am going to be talking about 3 key social issues contributing to the need for criminal justice practitioners and providing examples for each issue. I will also be explaining the role of the criminal justice professional in serving individual and societal needs. Lastly I will explain how key social issues impact the role of the criminal justice professional and provide 2-3 examples to support my position. One key social issue contributing to the need for criminal justice practitioners is prison crowding. Prison overcrowding is one of America's most serious criminal justice issues. The problem is because of insufficient jail and prison space, for which the solution is to build more jail and prison facilities. According to a 2008 study by the Pew Center on the States, the United States has the highest incarceration rate in the world, with one in 100 Americans under the supervision of the criminal justice system. Mandatory minimum sentences for drug crimes are a key factor in the high rate of incarceration. Another key issue contributing to the need for criminal justice practitioners is immigration. Immigration raises three significant, controversial issues in criminal justice. The first is the time and resources necessary to deport immigrants, whether they are documented or undocumented, and who have been convicted of crimes. The second is whether and to what extent local law enforcement resources should be used locating and removing undocumented immigrants. The third issue is the extent to which law enforcement emphasis should be on persons who transport and employ undocumented immigrants, rather than on the immigrants themselves. A major issue contributing to the need for criminal justice practitioners is poverty. You can read also  Justice System Position Paper The severity of poverty often goes hand in hand with the amount of crimes committed. Money is often reinvested from the open market to the black market to bring about high yet risky return in urban areas. Risks such as these are even higher when this activity is controlled by violent mob-type organizations and gangs, whose existences are structured around capitalizing on the poverty of others. Realistic and reachable role models are far and few between, if any exist at all, which causes the children of those who live in these areas to look up to more unsavory figures who are living the high life through low living. While living in poverty some people resort to crime to support their habits (drugs and/or alcohol) and/or support their families. Because of this crime rates go up, the amount of people incarcerated goes up, and the tax dollars go up to keep the prisons and jails running. The role of criminal justice professionals in serving individual and societal needs is very broad. There are many positions in the criminal justice field in many different areas with different tasks and responsibilities. Criminal justice professionals spend a lot of time resolving conflicts and negotiating with various parties inside and outside their organizations. They handle complaints, settle disputes, and resolve grievances and conflicts, usually by negotiating with several parties. Sometimes they perform this task in conjunction with another one, evaluating information to determine compliance, which requires them to review relevant information and use their individual judgment to determine whether events or processes comply with laws, regulations, or standards. Criminal Justice professionals oversee safety, gather information and documentation, provide testimony, and they are expected to regularly provide information to supervisors, co-workers, and subordinates to support their positions. One key social issue that impacts the role of criminal justice professionals is requiring more correctional officers or detention officers due to overcrowding. Yet there are more inmates in jails and prisons and there are not enough correctional officers or detention officers to staff the prisons and jails. In return the staff are overworked with mandatory overtime and compensated with extra days off instead of overtime pay. Immigration is another key social issue that impacts the role of criminal justice professionals. There is a continuous battle about controlling the border of Mexico and how to control it. There is much violence at the border from illegal immigrants and drug cartels. Border Patrol Agents lives are put at risk every day trying to protect the border because of this violence. There are many social issues contributing to the need for criminal justice practitioners and there always will be. The need will increase with time as will crime because of these social issues. There will always be a place in society for the criminal justice practitioner.

Hilbert College Admissions (Costs, Scholarships Aid More)

Hilbert College Admissions (Costs, Scholarships Aid More) Hilbert College Admissions Overview: Hilbert College is test-optional, meaning that applicants are not required to submit ACT or SAT scores as part of their applications. The school has an acceptance rate of 81%, making it generally accessible to interested students. Along with an application and transcript, prospective students are encouraged to submit letters of recommendation, a writing sample, and a resume. Will You Get In? Calculate Your Chances of Getting In  with this free tool from Cappex Admissions Data (2016): Hilbert College Acceptance Rate: 81%Hilbert College has test-optional admissionsTest Scores 25th / 75th PercentileSAT Critical Reading: - / -SAT Math: - / -SAT Writing: - / -Whats a good SAT score?ACT Composite: - / -ACT English: - / -ACT Math: - / -Whats a good ACT score? Hilbert College Description: Located in Hamburg, NY (just south of Buffalo), Hilbert College was established in 1957 by the  Franciscan Sisters of St. Joseph. Hilbert offers 16 Bachelor degree programsincluding accounting, criminal justice, paralegal studies, human services, and forensic science. The schools academics are supported by a 11  to 1 student / faculty ratio, allowing students individualized attention and a unique learning experience. Hilbert also hosts an honors program, available to its top students in all fields. There are a number of student activities to choose from, ranging from honor societies, to athletics, to drama and art clubs, to academic organizations. On the athletic front, the Hilbert College Hawks compete in the NCAA Division III Allegheny Mountain Collegiate Conference. The school fields 13 sports, including mens and womens basketball, golf, lacrosse, soccer, and volleyball. Enrollment (2016): Total Enrollment: 866 (809 undergraduates)Gender Breakdown: 44% Male / 56% Female91% Full-time Costs (2016- 17): Tuition and Fees: $21,300Books: $750 (why so much?)Room and Board: $9,600Other Expenses: $800Total Cost: $32,450 Hilbert College Financial Aid (2015- 16): Percentage of New Students Receiving Aid: 100%Percentage of New Students Receiving Types of AidGrants: 100%Loans: 76%Average Amount of AidGrants: $11,384Loans: $8,146 Academic Programs: Most Popular Majors:  Criminal Justice, Forensic Science, Business Administration, PsychologyWhat major is right for you?  Sign up to take the free My Careers and Majors Quiz at Cappex. Transfer, Graduation and Retention Rates: First Year Student Retention (full-time students): 72%Transfer Out Rate: 35%4-Year Graduation Rate: 38%6-Year Graduation Rate: 43% Intercollegiate Athletic Programs: Mens Sports:  Basketball, Soccer, Volleyball, Track and Field, Baseball, Golf, Lacrosse, Cross CountryWomens Sports:  Basketball, Softball, Volleyball, Track and Field, Soccer, Lacrosse, Cross Country Data Source: National Center for Educational Statistics Hilbert and the Common Application Hilbert College uses the  Common Application. These articles can help guide you: Common Application essay tips and samplesShort answer tips and samplesSupplemental essay tips and samples If You Like Hilbert College, You May Also Like These Colleges: Cazenovia College: Profile  Alfred University: Profile | GPA-SAT-ACT GraphNiagara University: Profile  SUNY Fredonia: Profile  University of Albany: Profile | GPA-SAT-ACT GraphSUNY Oswego: Profile | GPA-SAT-ACT GraphPace University: Profile | GPA-SAT-ACT GraphKeuka College: Profile  Hobart William Smith College: Profile | GPA-SAT-ACT GraphSt. John Fisher College: ProfileBinghamton University: Profile | GPA-SAT-ACT GraphIthaca College: Profile | GPA-SAT-ACT Graph Hilbert College Mission Statement: mission statement from  https://www.hilbert.edu/about-hilbert/mission-vision Hilbert College is an independent institution of higher learning that embraces its Catholic Franciscan heritage and values. Students from diverse backgrounds are educated in liberal arts and professional programs to become informed citizens committed to serving and strengthening their communities.

Free Essays on Critical Thinking And Decision Making

To Be or Not To Be (A Novice’s Examination of The Relationship Between Critical Thinking and Decision Making) â€Å"To be, or not to be: that is the question:† (William Shakespeare, Hamlet) Not unlike Hamlet, we face difficult decisions everyday. I spent eight years as a police officer and my decisions affected many people and permanently changed their lives and their futures. Each decision required the use of the critical thinking process to make the right decisions and to uncover the truth. Each decision was an end to a case, an investigation, a radio call or process and critical thinking was the means to the end. Critical Thinking There are many different views and definitions of critical thinking. In my research I discovered the following two definitions of critical thinking by experts in the field. "Critical thinking is the use of those cognitive skills or strategies that increase the probability of a desirable outcome. It is used to describe thinking that is purposeful, reasoned and goal directed - the kind of thinking involved in solving problems, formulating inferences, calculating likelihoods, and making decisions when the thinker is using skills that are thoughtful and effective for the particular context and type of thinking task. Critical thinking also involves evaluating the thinking process - the reasoning that went into the conclusion we've arrived at the kinds of factors considered in making a decision. Critical thinking is sometimes called directed thinking because it focuses on a desired outcome." Halpern (1996). "Broadly speaking, critical thinking is concerned with reason, intellectual honesty, and open-mindedness, as opposed too emotionalism, intellectual laziness, and closed-mindedness. Thus, critical thinking involves: following evidence where it leads; considering all possibilities; relying on reason rather than emotion; being precise; considering a variety of possible viewpoints and explanations... Free Essays on Critical Thinking And Decision Making Free Essays on Critical Thinking And Decision Making To Be or Not To Be (A Novice’s Examination of The Relationship Between Critical Thinking and Decision Making) â€Å"To be, or not to be: that is the question:† (William Shakespeare, Hamlet) Not unlike Hamlet, we face difficult decisions everyday. I spent eight years as a police officer and my decisions affected many people and permanently changed their lives and their futures. Each decision required the use of the critical thinking process to make the right decisions and to uncover the truth. Each decision was an end to a case, an investigation, a radio call or process and critical thinking was the means to the end. Critical Thinking There are many different views and definitions of critical thinking. In my research I discovered the following two definitions of critical thinking by experts in the field. "Critical thinking is the use of those cognitive skills or strategies that increase the probability of a desirable outcome. It is used to describe thinking that is purposeful, reasoned and goal directed - the kind of thinking involved in solving problems, formulating inferences, calculating likelihoods, and making decisions when the thinker is using skills that are thoughtful and effective for the particular context and type of thinking task. Critical thinking also involves evaluating the thinking process - the reasoning that went into the conclusion we've arrived at the kinds of factors considered in making a decision. Critical thinking is sometimes called directed thinking because it focuses on a desired outcome." Halpern (1996). "Broadly speaking, critical thinking is concerned with reason, intellectual honesty, and open-mindedness, as opposed too emotionalism, intellectual laziness, and closed-mindedness. Thus, critical thinking involves: following evidence where it leads; considering all possibilities; relying on reason rather than emotion; being precise; considering a variety of possible viewpoints and explanations...

Families Essay Example | Topics and Well Written Essays - 500 words - 5

Families - Essay Example More and more people are now open to having an equal footing in gender relationships, with the man not being â€Å"in charge† of the family. Admittedly there is some rancor due to these changes as well, but there are positive effects of these changing gender relationships on our values. Firstly, due to the fact that women are now also contributing to the economic well being of the family by earning, men have less pressure and stress on them. Men no longer have to cope with being sole bread earners for their families, nor do the families look up to them for their financial well being. This relieves a lot of stress from men, and women are now able to understand what working outside entails. Moreover, due to these changes, men and women are expected to be more open to each other emotionally, as both of them get a better understanding of each other when they share roles and responsibilities on an equal footing. This openness in communication also positively affects child rearing. This ensures, to quite an extent, the emotional and psychological wellbeing of the members of the family, as problems can be discussed more openly and understood much better. Due to these changing gender relationships, children are not told to mold themselves to a pattern, which is preset for them by society. Children have the freedom to decide what role they will adapt once they grow up. Girls are not limited to only household chores, and boys are not told to â€Å"man up† and hide their emotional and psychological trauma. This promotes equality in the household, resulting in better well-adjusted future adults. What is more, as children are not expected to follow a strict gender role, they are freer to express their desires and fears with their parents. Finally, this enables women to see themselves as more than just extensions of the males in their households. They have the freedom to become persons within themselves, and are not bound to anyone due to economic reasons, but

Internal refusal Essay Example | Topics and Well Written Essays - 250 words

Internal refusal - Essay Example I would like to inform you that at the moment the company is going through a lot of challenges and, therefore, at the moment we are unable to attend to that request. I really appreciate your creativity and innovativeness by coming up with such a proposal as we know knowledge is power and, therefore, it should always be pursued at all stages in career development. Currently we are opening up a new branch and in addition a lot of funds have been set aside for the setting up of ten automatic teller machines within the state. Therefore, with all these plans in place, it is virtually impossible to set up such an innovative program as it requires quite a considerable amount of funds to establish. As the human resource manager, I would try and talk with the managing director and see what measures can be set up to implement the program in the coming financial year. I would like to let you that your annual appraisal has matured and you can pick it from the accounts department anytime from next week. We are looking forward to your continued