On the other hand, economic class means how much money one has. Reflection is the change in direction of a wavefront at an interface between two different media so that the wavefront returns into the medium from which it originated. Reflation is the act of stimulating the economy by increasing the money supply or by reducing taxes, seeking to bring the economy (specifically price level) back up to the long-term trend, following a dip in the business cycle. However, I found a much simpler view; when a small company’s owner or even a manager of a company, whatever it is, orders another employee who gets less salary than him to do a certain job, the employee is to finish the job without questioning his manager. A Reflection on the Study of Economics. Education A functional/practical student would think that high positions such as managers or supervisors require uniquely educated people, not just any university graduate. Only eleven percent of the kids from poor families graduate from collages and less than nineteen percent of the eleven percent have the chance to be among the high class (Eckholm 1). Corporate profits reached impressive heights, especially in the technology sector. Economic trends throughout 2018 suggested a robust economy. In political philosophy and sociology, the most basic difference among economic classes is between the powerful and the powerless. Which I guess is not a simple task because this question relates to many perspectives such as academic, social, ethnic, cultural conditions and forces. The purpose for this essay is to argue an answer to the premise question, what does it mean for me to be a college student from the perspective of economic class? In any given month before the outbreak, the 35-year-old healthcare-benefits adviser might make a four-hour drive for a one-hour client â¦ The second point that was argued by this group was gaining or let’s say inheriting power and respect by the help of their parents by entering expensive universities then owning their father’s business after wards. Not all students can become doctors only because they earn a lot of money. Reforms such as these may be proclaimed by a government, by interested groups, or by revolution. Having critical writing and thinking skills help with the development of a reflection â¦ These major writing assignments may not change ethics about cheating, beliefs regarding gender or my vision towards people from lower class. For example, an economist might try to explain what caused the Great Recession in 2008, or she might try to predict how a personal income tax cut would affect automobile purchases. This distinction is predicated on a theory of economic growth where there is long-term growth in the economy and price level, which is widely accepted in economics. Also Known As: Structural economic change For example, if inflation had been running at a 3% rate, but for one year it falls to 0%, the following year would need 6% inflation (actually 6.09% due to compounding) to catch back up to the long-term trend. In that way we will be limiting the good education only to families who have money. Yet, if he was asked from a concierge, he wouldn’t listen. You will have a general layout for your essay, which includes an introduction, a main body and a conclusion. The notion implies the possibility of a market where value is not lost due to extra surplus, waste, unmet demand, or improper allocatioâ¦ GDP growth was strong. No plagiarism, guaranteed! When I first read this, I remembered the early theory of Karl Marx who saw human beings interested more in material concerns rather than grand ideas which created a separation of effort and a division of classes depending on wealth and power (Cline 3). Study for free with our range of university lectures! *You can also browse our support articles here >, http://docs.google.com/viewer?a=v&q=cache:KV6Y_ak5zm8J:www.case.edu/artsci/engl/emmons/writing/journals/Mays_RhetoricsPoetics.pdf+james+berlin+signifying+practice&hl=en&gl=eg&pid=bl&srcid=ADGEESi7NvANHhwWJdR7vv8ZmhFYNFZY7ZYPxNhFQooxd8u4bTxsL-Hn7o1DJSuMjbGLsY2zf-f2d5Xlc4FcDMEkfta3vzhJ_104d7TV-phFeNBSLgppyKRWhP1Uv_LdBZyjzM-xY0ME&sig=AHIEtbQYCj5QUcEX3TUcx2-3zao5rjXLLQ. What does it mean? We can’t also accept the human/personal point of view because in that way we will still be having an education inequality like in that of the Middle Ages when education was only for students from rich families. This is not an example of the work produced by our Essay Writing Service. As a result, this group would says that higher education should be only for students who get high grades because these are the kind of scholars who will be able to cope with the tough system of higher education, appreciate the true meaning of being educated and do much more effort than that of others. One of the most efficient reasons is the very high demand on Egyptian collages every year which helps corruptors to hide their actions (Hassan). This is because the elimination of trade barriers is giving firms access to a pool of cheap labor in countries such as: China and India. The New Possible is a series of human stories and perspectives on how COVID-19 is challenging and changing our lives and livelihoods. Just as disinflation is considered an acceptable antidote to high inflation, reflation is considered to be an antidote to deflation (which, unlike inflation, is considered bad regardless of its magnitude). See more. Remember: ... Innumerable social thinkers disagree with much of Marxâs thought, but praise his reflections upon human freedom, the depth of his insight in contrast to the shallowness of liberalism. Both the ideas suggest that we should study our culture leading us to think about our main question “what does it mean to me to be a college student from the perspective of economic class?” Hence, I am going to argue this question via three different points of view: 1. Reflation, which can be considered a form of inflation (increase in the price level), is contrasted with inflation (narrowly speaking) in that "bad" inflation is inflation above the long-term trend line, while reflation is a recovery of the price level when it has fallen below the trend line. These resources can cover imported products, technology, and even human labor. from a surface: The mirror reflected the light onto the wall. Today it also (in addition to the above) describes the first phase in the recovery of an economy which is beginning to experience increasing prices at the end of a slump. Many reasons were showed but the most important were the student’s leadership personality and experience. Policies may include reducing interest rates, lowering taxes, investing in large infrastructure projects, and changing the money supply. of reflection papers on key topics that will define the coming years. The low economic class student has limited options because he can’t afford private universities fees and even if he can, he will still be thinking about how he is going to live among students from higher class, on the other hand, the high economic class student gets more options in too many different universities and can graduate as a doctor if he wants. It is the opposite of disinflation, which seeks to return the economy back down to the long-term trend. This is what is called closed doors situation; some students may score low grades in elementary schools but when they see that the university is their path for their future career, they act. Economists use models as the primary tool for explaining or making predictions about economic issues and problems. In this reflection, we dispute that the central explanation for this new state of affairs is the rise of economic uncertainty. Part 1. The Some of the most compelling topics that I learned in this topic only came into focus at the end of the course. Ashley used to spend a lot of time on the road. 2 : economic aspect or significance â¦ Some other people when put in the real situation, they appreciate and act. Definition of reflection. Americans last enjoyed a prolonged period of low unemployment in the 1950s, with current unemployment reaching a level not seen since 1968. They are by a way or another all related to each others. Section III: Arguing an answer from the extreme of human/personal. The purpose of this section is to argue a functional/practical answer to the premise question, what does it mean for me to be a college student from the perspective of economic class? They should also understand that even if they gained money and power, they won’t gain people’s respect because they know that this authority is not self-made. This concept of economic efficiency is relevant only when the quality of manufactured goods remains unchanged. b : economic theory, principles, or practices sound economics. Reflective essay writing, as its name suggests, entails focusing on reflection, consideration, etc. Land reform, a purposive change in the way in which agricultural land is held or owned, the methods of cultivation that are employed, or the relation of agriculture to the rest of the economy. In general it analyzes how modern societies progress, stagnate, or regress because of their local or regional economy, or the global economy.Societies are divided into three groups: social, cultural and economic. With rising prices, employment, output and income also increase till the economy reaches the level of full employment. So, I can simply conclude that the more money one has the more power that goes along (Drake 1). These principles are drawn directly from Catholic teaching on economic life. We can’t think about the premise question in a complete functional/practical way because by doing so, we will have education inequality and we will be limiting education to the students with high grades only. Definition of economics. We can’t think like that because doctors or any other job that makes money can’t replace the entire exciting jobs. That is why we can’t accept either. However, what if these students are not qualified to run such a business not because of their educational background or grades but because of what they are. In this installment, we explore how the crisis is shaping our values. The second issue that this group will address is the supply of employees in high positions (Clotfelter 2). Will he conform to orders to save himself from getting fired or will he follow his beliefs and resist because he knows that what he is doing is the right thing? Common examples include the reflection of light, sound and water waves.The law of reflection says that for specular reflection the angle at which the wave is incident on the surface equals the angle at which it is reflected. They don’t say the true reason behind this hatred but I guess there are two very obvious reasons: the first is some are jealous of the fact that these students are better academically. Definition: A shift in the structure of an economic system. In turn, this student will be the best image not only to his university and colleagues but also to his country. I believe that economic class has long been a central theme within higher education and that is why I am going to argue this issue in my essay. Section IV: A Synthesis of Oppositional Extremes. Why wouldn’t we give him the opportunity to enjoy a good education that will definitely help him? So, I can add to my previous conclusion that the person, who has more money and power, gets more attention and obedience that leads to persuasiveness. To make it easier, I can say that we have two main classes; students who pay tuition and students who come on a scholarship. Both got fairly good grade in high school let’s say a B and they are now thinking about what universities they have the chance to apply to. 2 : the production of an image by or as if by a mirror. Learn how and when to remove this template message, https://en.wikipedia.org/w/index.php?title=Reflation&oldid=942135560, Articles lacking sources from December 2008, Creative Commons Attribution-ShareAlike License, This page was last edited on 22 February 2020, at 20:40. Mean temperature is chosen because it is a useful index of climate change that is highly correlated with or. A. Economic integration is an arrangement among nations to reduce or eliminate trade barriers and coordinate monetary and fiscal policies. This higher than normal inflation is considered reflation, since it is a return to trend, not exceeding the long-term trend. Recessions and depressions are similar. This can possibly be achieved by methods that include reducing tax, changing the money supply, or even adjusting interest rates. Reflections on Elections. Reflation is the act of stimulating the economy by increasing the money supply or by reducing taxes, seeking to bring the economy (specifically price level) back up to the long-term trend, following a dip in the business cycle. A reflection paper refers to one where the student expresses their thoughts and sentiments about specific issues. So, what if there is, let’s say, one student from the lower class who might be in the future Ahmed Zowail or Farouk El Baz. Economics is a very large and complex study and reflecting on this subject, piece by piece, requires some patience and ability to put the pieces together. Students with super powers like the genies boy that we have here in AUC or even learners with high grades should be noticed from the elementary school then indicate their part of power then work on with them to improve it. That persuasiveness works through the ethos and the logos of money (Drake 1). Therefore, everyone should peruse the career that he loves the career that he thinks he can make a change in and be creative. Secondly some others might think that these students’ economic class doesn’t allow them be a part of the AUC community. This commodity is partially responsible for the deforestation of the Amazon C. The biggest economic threat to political stability in South America D. World famous for its coffee beans E. Inspired the budding formation of a South American trade agreement The American University in Cairo is the most expensive in Egypt and probably in the Middle East, so many students feel cocky about being in such a university. Do you have a 2:1 degree or higher? Regarding the second point that was argued; it has been proven that students’ GPAs can’t be considered the only meter when it comes to the working field (Smith 2). How will the boss react when he finds out that there is a better guy him? On the other hand, power, money respect and attention are all what the human personal student is thinking about and he is ready to do anything in order to reach this goal whether by paying bribes or his father’s help; it doesn’t matter how, all it matters is to be able to reach this goal. We wouldn’t be considering many other things such as a student who was sick at the day of the exam or another who is not good at a certain subject that lowered his GPA, those who don’t perform well in the test environment and many other reasons. It might take longer time to prove its success but when the goal is reached, it can never be imagined. However, discovering and analyzing many point of views made me aware of the world we are living in and the system that controls us. In such world, competition is allowed but people have to understand that they aren’t necessarily going to gain power in an inherited field. When an economic crisis is devastating, there is a depression. In this way they will be decreasing the number of students leading to better education for hard workers. Definition and meaning Reflation is a monetary or fiscal policy by the government and central bank respectively to boost demand and thus increase the level of economic activity and combat deflation. b : a reflected part : fold. They picked up a seat in the state Senate and no gains in the House. A reflection B. Reflection is a process of exploring and examining ourselves, our perspectives, attributes, experiences and actions / interactions. The functional/practical student is always thinking about studying hard in order to succeed and get high grades to find a good job whereby he can change his economic class to the better. 3 a : the action of bending or folding back. Take Einstein for instance; although, he had speech difficulties when he was young and scored Cs when he was in elementary school, he became one of the best known physicists in the world who made new theories. Company Registration No: 4964706. Registered Data Controller No: Z1821391. Originally it was used to describe a recovery of price to a previous desirable level after a fall caused by a recession. In microeconomics, economic efficiency is used about production. Economic globalization is a worldwide phenomenon wherein countriesâ economic situations can depend significantly on other countries. In turn, he defined the economic class as how one class directs the process of production while the other class is directed and provide services. This group thinks that these graduates can be the best performers in their work positions only because of their grades and that they will be the best role models for the other employees so, other employees who are working under them would simply conform to every order they ask for. Economics definition, the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind. U.S. employers added a â¦ What does it mean for me to be a college student from the perspective of economic class? The relationships between simple choices, such as supply and demand, drives all â¦ It is considered that the production of a unit is economically efficient when it is manufactured at the lowest possible cost. Economic downturn refers to slowing GDP growth or GDP contraction. Those people are students who graduated from universities with high GPAs by their own effort not with the help of private universities which is entered with money. I appreciate that everyone has a dream he wants to reach and that some parents are forcing pressure on their children to make them become a doctor or an engineer without taking into consideration their abilities or what they like. During a downturn, property prices fall, joblessness rises, borrowing falls, and companies invest less. However, I have found that the combination between the functional/practical extreme and the human/personal extreme is the way to find a fairly good answer to the premise question. He already has climbed half the ladder because of his parents’ wealth and position and he is going to continue after graduating by getting a high position in a company that his fathers’ is a VIP costumer, paying bribe or at least inherit his father’s business. Registered office: Venture House, Cross Street, Arnold, Nottingham, Nottinghamshire, NG5 7PJ. But imagine how these elite students feel when they become equal to others who don’t have as much money. As an AUC student, I have got the chance to deal with almost all economic classes. The employment numbers published Friday, December 6th was an effective synopsis of the past year of economic growth. All work is written to order. Reflection Essay On Economics Prior to taking this course, I believed that economic theory consisted mainly of supply and demand. There is a big difference between social class and economic class: social classes are the hierarchical arrangements of people in society or as in the social sciences, it can be best defined âsocial stratificationâ. We've received widespread press coverage since 2003, Your UKEssays purchase is secure and we're rated 4.4/5 on reviews.co.uk. Reflective Essay. I am not asking low and high economic class to be friend or to even pretend to be because we all know that they will never be. Who knows maybe god blessed us with a certain gift in a specific place to change the world. Any opinions, findings, conclusions or recommendations expressed in this material are those of the authors and do not necessarily reflect the views of UKEssays.com. Free resources to assist you with your university studies! VAT Registration No: 842417633. You can view samples of our professional work here. When it is serious, but not as devastating, it is a recession. 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