Microeconomics ( From The Greek Prefix Meaning, Large, And...

Summary Macroeconomics (from the Greek prefix macro- meaning large and economics) is a branch of economics dealing with the performance, structure, behaviour, and decision-making of an economy as a whole, rather than individual markets. This includes national, regional, and global economies.[1][2] With microeconomics, macroeconomics is one of the two most general fields in economics. Macroeconomists study aggregated indicators such as GDP, unemployment rates, and price index, and the interrelations among the different sectors of the economy, to better understand how the whole economy functions. Macroeconomists develop models that explain the relationship between such factors as national income,†¦show more content†¦Macroeconomic Performances Introduction Economics is the social science that seeks to describe the factors which determine the production, distribution and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Consistent with this focus, primary textbooks often distinguish between microeconomics and macroeconomics(wiki). Microeconomics examines the behaviour of basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyses the entire economy (meaning aggregated production, consumption, savings, and investment) and issues affecting it, including unemployment of resources (labor, capital, and land), inflation, economic growth, and the public policies that address these issues (monetary, fiscal, and other policies). Evaluation of macroeconomic performance The macroeconomic performance of a given country is evaluated by two primary tools, the fiscal and monetary policies. Fiscal policies are the economic policies that are formulated by the government to stimulate economic growth in the country (Argy, 2013). It primarily

Promote Professional Development Essay - 1036 Words

Promote Professional Development 4.1 Compare models of reflective practice Reflective practice is an essential means of developing basic skills and knowledge into expert skills and knowledge. Repetition of a particular skill enables a worker to become more competent in [performance, and eliminates poor practice. Workers can assist their team mates to improve their performance. Reflective practice helps workers think about how they could change their way of working – or should change their way of working by thinking ahead and using a structure to suit an activity. Donald Schon (1983) identified that learning in practice could be enhanced by 2 different kinds of activity – Reflection in-action and Reflection on-action.†¦show more content†¦Encouraging staff to be self reflecting is important, as this improves team work and professional working practice. Workers need also to take responsibility for their own standards of work. 4.2 Explain the importance of reflective practice to improve performance Reflective practice can be used by workers to enhance their performance and practice at work. It is a managers role to guide and support staff to understand the importance of professional development and how they take learning forward to allow their standard of work to be enhanced. Positive points can be shared with other team members and best practice can be used in the workplace. Self esteem and confidence can be developed by a manager giving good constructive support to a worker. This is then reflected by their performance in the workplace. All Staff have to attend at least 15 hours of training each year. This is a requirement in our workplace in order to help staff keep up with business targets and refresh in areas of work. Equality and diversity is mandatory for my team. This provides them with information on how to respect Clients race, gender, age, sex, intelligence or disability. These values are very important to care work. My organizational values are communicated to our Clients through Reablement Factsheets and person centered care plans. 4.3 Use Reflective practice and feedback from others to improve performance Reflective Practice is a tool that can be used byShow MoreRelatedPromote Professional Development1216 Words   |  5 Pagesï » ¿ Yvonne Hemmings Leadership and Management Level 5 Assessment Task: Promote Professional development As a manager in your setting you know that the ability to reflect on your own practice is an essential skill. You have decided to prepare a set of guidance notes on the principles of professional development for your staff team which; 1 – Understand principles of professional development 1.1 Explains the importance of continually improving knowledge and practice. In my opinion I believe it is importantRead MorePromote Professional Development1379 Words   |  6 PagesPromote Professional Development I think it is important to continually improve knowledge and practice as things change very quickly within organisations, there are always new things to be learnt on everything that we do, sometimes the changes are made for the better to make peoples jobs easier, other times changes are made to keep up with new technology, policies or new information that has come to light recently. Having up to date knowledge is important for you as an individual but also forRead MorePromote Professional Development2561 Words   |  11 Pagesï » ¿CU2942 Promote Professional Development 1 understand principles of professional development 1.1 The importance of continually improving knowledge and practice is that you can ensure that you are aware of any new relevant legislation and you can also improve the service you provide. 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Explain the importance of continually improving knowledge and practice Within my role, it is important to continually improve knowledge and practice so I am aware of how to give the best diverse and equal care to children, stay fully up to date with all standards and legislations. Regarding parents, they are the customer and this entails all care towards their child may need to be explained to them. E.g. what is the Early Years Foundation StageRead MoreUnit 502 – Promote Professional Development1079 Words   |  5 Pagesï » ¿Unit 502 – Promote Professional Development Learning Outcome 1. Understand the principles of professional development 1.1 Explain the importance of continually improving knowledge and practice It is important for me to continually improve my knowledge and follow best practice. I need to ensure that I am aware of and follow current RQIA Minimum Standards, Supporting People QAF and NISCC standards. By doing this I am following current legislation and guidelines for continued good practiceRead MorePursuing An Atmosphere That Promotes Professional Development987 Words   |  4 Pagescuts, downsizing and the overall decline in the economy. This in turn has required employers to devise new training practices; to become innovative with learning strategies and methodologies. The challenge to provide an atmosphere that promotes professional development has led to new formats for sharing knowledge and training. Learning takes place constantly, whether we realize it or not. We learn by listening, observing and teaching. We also learn through formal and informal formats. Both of theseRead MorePromote Professional Development Essay example2176 Words   |  9 PagesLHS2 – Promote professional development Outcome 1 – Understand principles of professional development 1.1 The important of continually improving knowledge and practice is that you can ensure that you are aware of any new relevant legislation and also you can improve the service that you provide. It also gives you the opportunity to reflect on what you are good at as well as what you are not so good at, so that you can see what areas you can improve in. Professional development is an opportunityRead MoreUnit 2 Promote professional development3611 Words   |  15 Pagesï » ¿Unit 2 Promote professional development 1.1 Explain the importance of continually improving knowledge and practice It is essential, in order to provide a good quality of service and ensure best practise, that managers and their staff receive the relevant regular mandatory training and updates. This training should be identified at the annual appraisal and then reviewed at supervision where positive/negative feedback can be given as appropriate to show how any training received is incorporated

What is an Hypothesis Free Essays

I believe my hypothesis needs to be strengthened to be better than its rivals. When utilizing the chart on page 64 of our text I do find several areas for improvement. After going through the checklist I believe that a better hypothesis would be made after an Minimal analysis of the percentage of late payments and the minimum credit scores. We will write a custom essay sample on What is an Hypothesis? or any similar topic only for you Order Now A hypothesis could then be created that is more specific and testable as well as analyzed against other statistics such as the percentage of late payments for a higher, specified credit score. If research shows 70% of customers that have late payments have a credit score below 600 a stronger hypothesis would state: If the local car dealership that offers In house flagging requires a credit score higher than 600 for approved financing the percentage of late payments they receive will be less than 70%. Adequacy for its purpose I *Does the hypothesis reveal the original problem condition? I Yes, the problem is a large amount of accounts that are past due. I *Does the hypothesis clearly Identify facts that are relevant I It clearly states facts grading financing approval but does not I and those that are not? I Include any other facts. Relevant or not. I I *Does the hypothesis clearly state the condition, size, or I It only states that lenient profiles are used, this should be I distribution of some variable in terms of values meaningful I made stronger by listing a specific minimum credit score I to the research problem? I required. I *Does the hypothesis explain facts that gave rise to the need I Yes, late accounts require explanation and analysis to I for explanation? I continue to operate the equines at a profitable level. I I *Does the hypothesis suggest which form of research I Yes, a causal-predictive study would be appropriate. I design is likely to be most appropriate? I Raising the minimum credit requirement to determine if late I I payments decrease would be appropriate. I *Does the hypothesis provide a framework for organizing I Yes, the hypothesis indicates that statistics should be I the conclusions that result? I analyzed and shown by credit scores and late payments. I Testable I *Does the hypothesis use acceptable techniques? I Yes, the hypothesis Is late payments. I *Does the hypothesis require an explanation that is plausible I Yes, a plausible explanation would utilize financial applications. I given known physical or psychological laws? I I *Does the hypothesis reveal consequences or derivatives that I The consequence is stated and does not need to be deduced. I can be deduced for testing purposes? I I *Is the hypothesis simple, requiring few conditions or I Yes, no assumptions are required. I assumptions? Better than its rivals *Does the hypothesis explain more facts than its rivals? How to cite What is an Hypothesis?, Papers