Economics and monopoly introduction Essay Example for Free

Economics and monopoly introduction Essay Characteristics: Single seller: One firm produces all the output of a particular product No close substitutes: Product is unique and if consumers want to buy it they must buy from the monopolist. Price maker: Since the monopolist is the sole supplier of the product, it can change the price by changing output. The firm faces a downward sloping demand curve, so increasing output lowers the price, decreasing output increases the price. The firm will set a price that maximizes its profits. Blocked entry: Entry to the market is totally blocked, meaning the firm has no immediate competitors. Barriers to entry may be economies of scale, legal, technological or another type. Nonprice competition: Since it has no competitors a monopolist cannot compete on price. Therefore, to attract new consumers the firm must engage in non-price competition such as advertising and public relations campaigns to promote its products attributes. Examples of Monopolies? www. welkerswikinomics. com 3 Unit 2. 3. 3 Pure Monopoly Monopoly Demand as seen by a Monopolist. Three assumptions: 1) Entry is totally blocked 2) The monopolist is unregulated by any government so can charge whatever price it wants. 3) The firm is a single price seller. It sells all units of output at the same price. †¢ A monopolist faces a downward sloping Demand curve. The firm D curve is the market D curve! †¢ A monopolist can sell additional output only by lowering its price (due to the law of demand). †¢ A monopolist must lower the price of all of its output, not just the marginal units, since it is a single-price seller. †¢ As a result, as output increases, the firms marginal revenue falls faster than the price. www. welkerswikinomics. com 4 Unit 2. 3. 3 Pure Monopoly Monopoly Demand as seen by a Monopolist Demand and Marginal Revenue Q 0 1 P1 2 3 4 5 P2 6 7 8 9 P3 10 P 172 162 152 142 132 122 112 102 92 82 72 TR=PxQ) 0 162 304 426 528 610 672 714 736 738 720 Demand and MR for a Monopolist P MR=? TR/? Q P1 P2 P3 D=AR=P Q1 Q2 Q3 Q MR Based on the above graph, over which range of output would a monopolist NEVER produce? Why? What information is needed to determine the profit maximizing level of output for this monopolist? www. welkerswikinomics. com 5 Unit 2. 3. 3 Pure Monopoly Monopoly Demand as seen by a Monopolist Elasticity and the monopoly Demand curve: †¢ Identify the elastic range of the demand curve. †¢ Identify the inelastic range of the demand curve. P Demand and MR PED1 P1 PED=1 Question: Why wont a monopolist ever produce at a level of output where it is in the inelastic range of its demand curve?

Gender Equity Essay -- Essays Papers

Gender Equity Are male students and female student’s receiving the same opportunities when it comes to Math and Science in the schools? I don’t believe they are. This is why gender equity is a major problem facing our schools today. Many girls are having very negative attitudes towards Math and Science. Through doing research on this topic I found out why. In the article How Research Helps Address Gender Equity, a very shocking and eye opening thing was written. I learned that children as young as kindergarten already have formed set stereotypes about Science and Math. The boys in the class wanted to and believed that they could be Scientist while the girls in the class did not. They perceived being a Scientist as a mans job. As children get older and move up in their grades things don’t seem to be getting any better, only worse. A three year study was done in fourth, sixth, and eighth grade classrooms in four states and they discovered that teachers actually call on and give more feedback to boys. The teachers answer to this study was that boys were more demanding and they called out more then girls. However it was found that if girls act this way they were penalized for it (Sadker D, Sadker M, and Stulber L, 1993). Teachers also challenge boys if they give the wrong answer, and if girls give the wrong answer they are more apt to call on another person. I was surprised by this research because I hadn’t actually noticed these things occurring while I was in school, but now that I look back at it I realize that it did. As I got into course three Math, a lot of girls had dropped out including myself. One of the major reasons I dropped out was the fact that my Math t... ...on since I will be going into teaching shortly. I know that it will be my job as a teacher to promote equality in my classroom. Works Cited Bailey,S., & Campbell, P(1999). The Gender Wars in Education. Retrieved from the World Wide Web on March 18,2001: http://www.trac.net.users.ckassoc.gender_wars.htm. Baker Dale(2001). Teaching for Gender Difference. Retrieved from the World Wide Web on March 18,2001: http://narst.org/research/gender.htm. Beyond Title IX:Gender Equity Issues in School (2001). Retrieved from the World Wide Web on March 18, 2001: http://www.maec.org/beyond.html#intro. Damnjanovic, A., & Kahle, J. (1997) How Research Helps Address Gender Equity. Retrieved from the World Wide Web on March 18, 2001: http://narst.org/research/gender2.htm. Sadker, D., Sadker, M., & Stulberg, L (1993). Fair and Square. Instructor Gender Equity Essay -- Essays Papers Gender Equity Are male students and female student’s receiving the same opportunities when it comes to Math and Science in the schools? I don’t believe they are. This is why gender equity is a major problem facing our schools today. Many girls are having very negative attitudes towards Math and Science. Through doing research on this topic I found out why. In the article How Research Helps Address Gender Equity, a very shocking and eye opening thing was written. I learned that children as young as kindergarten already have formed set stereotypes about Science and Math. The boys in the class wanted to and believed that they could be Scientist while the girls in the class did not. They perceived being a Scientist as a mans job. As children get older and move up in their grades things don’t seem to be getting any better, only worse. A three year study was done in fourth, sixth, and eighth grade classrooms in four states and they discovered that teachers actually call on and give more feedback to boys. The teachers answer to this study was that boys were more demanding and they called out more then girls. However it was found that if girls act this way they were penalized for it (Sadker D, Sadker M, and Stulber L, 1993). Teachers also challenge boys if they give the wrong answer, and if girls give the wrong answer they are more apt to call on another person. I was surprised by this research because I hadn’t actually noticed these things occurring while I was in school, but now that I look back at it I realize that it did. As I got into course three Math, a lot of girls had dropped out including myself. One of the major reasons I dropped out was the fact that my Math t... ...on since I will be going into teaching shortly. I know that it will be my job as a teacher to promote equality in my classroom. Works Cited Bailey,S., & Campbell, P(1999). The Gender Wars in Education. Retrieved from the World Wide Web on March 18,2001: http://www.trac.net.users.ckassoc.gender_wars.htm. Baker Dale(2001). Teaching for Gender Difference. Retrieved from the World Wide Web on March 18,2001: http://narst.org/research/gender.htm. Beyond Title IX:Gender Equity Issues in School (2001). Retrieved from the World Wide Web on March 18, 2001: http://www.maec.org/beyond.html#intro. Damnjanovic, A., & Kahle, J. (1997) How Research Helps Address Gender Equity. Retrieved from the World Wide Web on March 18, 2001: http://narst.org/research/gender2.htm. Sadker, D., Sadker, M., & Stulberg, L (1993). Fair and Square. Instructor

Personal Discovery Essay Overview Essay

This essay is intended to guide the student from identifying a problem or situation, taking some action in regard to the situation, and writing about the experience while supporting/developing their evaluation/analysis with two primary sources. A General Overview: First, you will be given a professionally-generated article that addresses a particular topic. This semester, the topic will involve health risks. Second, you must decide upon an activity after reading the article. For instance, since the article you will be given is on health risks, you will will need to identify two activities you can perform that will effect the consequences of your chosen health risk. Third, you will write a first draft of an essay of about 750 words (three pages) in which you discuss the activities and what motivated you to choose those activities, followed by your reactions and responses (such as â€Å"What did I learn?† And â€Å"Why could it be valuable to me?†) Fourth, find an article in the Three Rivers’ Rutland Library data base which provides additional information or that either refutes or corroborates what your rough draft says. Ideally, this one will help you determine the best practices for avoiding or managing the health risks. Incorporate information in the form of direct quotation and paraphrasing according to MLA style into the final draft. Finally, prepare a final draft of the paper in which you analyze the experience and the article, then synthesize all of the information into a cohesive essay. This essay will be the final assignment of the semester, so it is important to do your very best work. The final essay shuold be of 750 – 1,000 words, not including the correct MLA-style Works Cited page. Short Writing Assignment #7 Instructions: Read and study the information from the following web page: http://www.myhealthnewsdaily.com/839-top-10-leading-causes-of-death.html Download the Article Close Reading template (located in the â€Å"Assignments: Unit 5† folder) Complete the template through a close reading of the article. Minimum Requirements: Completed Article Close Reading document for â€Å"Top 10 Leading Causes of Death† by Rachael Rettner. Since you have used this template before, take into account any suggestions or comments I provided you with to make sure you make the fullest use of the template possible. DOWNLOAD TEMPLATE Attached Files: Article Close Reading Document.docx (15.785 KB) Short Writing Assignment #8 Instructions: Choose two activities which you can do over a period of a few consecutive days which may prevent your death or the health-related consequences for you from the chosen malady. Make sure you think about the activities you choose to give before you decide. They should be planned, not spontaneous events. Once you perform your activities, notice the immediate effects and think about their long-term value. How did you feel when performing your activities? Were your activities difficult? How did you feel after the experience? Sit down and write about the experience while it is still fresh in your mind. Minimum Requirements: Compose a 200 – 300 word reflection on your activities. Make sure you clearly identify your chosen health malady and the activities you performed in the context of your reflection. Personal Discovery Essay First Draft Instructions: Using the following outline, compose a rough draft of your Personal Discover Essay. . INTRODUCTION:Mention the article and author. Give the briefest summary of the main points that relate to your paper. As you agree or disagree with the ideas, a thesis should develop. PERSONAL:Why did you choose to do these particular malady and activities? Were they the most convenient, the most inconvenient, or did they involve activities that had been on your mind, for example? How did you feel when you anticipated the activities, before you actually performed them? ENVIRONMENT:Identify your activities. What exactly did you have to do? Give some detail about this so the reader can imagine how much (or how little) was done. REACTION:What was your  reaction? How did you feel, both physically and mentally, after performing your activity? Did this surprise you? Have you had other experiences where you’ve changed your actions, or added activities, based on your health decisions? If so, how did this reaction compare to that experience? INTERPRETATION:Consider this experience in light of Rettner’s article. How do you think her numbers would change if everyone took these activities seriously? Do you think there is a significant chance others will follow your lead? Will you continue to perform these activities in the future? Do you think others are likely to do so? Why or why not? CONCLUSION:Tie the essay together, reiterating your thesis, perhaps mentioning Rettner’s article one more time. Make a statement about health activities, predict what would happen if more of us were required to try to improve our health, or discuss how we would be affected if we expected more healthy living activities of ourselves. Try for a fresh and original ending to this essay. Minimum Requirements: Write the first draft of an essay of about 750 words in which you discuss what you did and what motivated you. Part of the essay should discuss the article and your feelings about it, while it should also include your reactions and responses Personal Discover Essay Instructions: Find an article in Three Rivers’ Rutland Library database that provides additional information or that either refutes or corroborates what you said in your first draft. The article may discuss public service, student character, or any other aspect of your essay. Incorporate the information from your new article into the final draft of the Personal Discovery Essay. The final draft should demonstrate your ability to analyze the experience and what was read and then synthesize the information into a cohesive essay. Minimum Requirements: A final draft of the Personal Discovery Essay which syntheses of the genesis article, first hand information gathered in real time, and a supporting document located in the database into a single essay of 750-1000 words. In addition the the essay, you should include a correct MLA-style Works Cited  page containing citations for the Rettner article, as well as the database article. Apply the scientific and healthcare professionals’ advice and expertise to craft an essay of Personal Discovery which uses both your day-to-day altered habits and the science that backs them up in an essay which incorporates the best practices of our three major essays this semester

Insider Trading: Should It Be Abolished? Essay

Insider trading is defined as â€Å" trading whilst in possession of non-public information and if known to the public, may lead to a substantial movement in a security’s price† . In Australia it is prohibited by insider trading regulation (IT regulations) in the Corporations Law (CL) 1991 , though it was initially established from recommendations made by the Rae committee in 1974 on the mining company scandals . The latest law changed one single section to 20 wide and complex sections, causing critique of Australia IT regulations . Henry G Manne argued that IT regulations should be abolished supported by three basic economic arguments. This essay will examine the pro and contra of each argument and shows that IT regulations have spoiled the notion of fairness at the expense of efficiency, despite the objective of any securities markets regulation to promote both aspects . 1. Insider trading could compensate corporate entrepreneurs . Pro and Contra This argument is supported by Carlton and Fischel who argued that the IT regulations are the same with setting government regulation of terms and conditions of employment; similar to restrict salary bonuses, stock options, vacation leave, and the others which can motivate management for their entrepreneurial skills . However their assumptions ignore the difference between the volatile share price and a certain amount of normal compensation. As argued by Easterbrook, where there is a volatile share price, the management compensation argument reverts into a â€Å"lottery-ticket argument† . Because in the volatile share price, even informed traders will hardly predict the increase or decrease of share price in the future. The high fluctuation equalizes the possibility of losing their investment and getting profit, which as called ‘compensation’. From the two extremes, It can be concluded that compensation argument can be valid if the share price is relatively stable otherwise not all insiders can get their compensation through insider trading. Director’s fiduciary duty to Shareholder However, if IT regulation were only applied for a liquid market, what is the role of fiduciary duty? In Exicom’s case fiduciary argument was established where persons who are subject to a legal relationship of trust and confidence, arising from either a prior relationship with the securities issuer (typically directors, employees and corporate agents) or the other party to trade should not make a profit from that position or allow a conflict of interest to arise. Moore supports IT regulation on the basis of fiduciary duty. He reasons that directors have some fiduciary duty to their shareholder to fully disclose all information they could benefit from. His idea is supported by the fact that although there is no general principal that directors owe fiduciary duty to shareholders (in addition to the company), with the purpose to prevent directors when in the position of holding confidential information to spread the it to outsiders , such duty in recognized in Hooker’s case . Sub Conclusion Insider trading as a compensation for corporate executive is argued only happened in a stable market where they can use the information to predict the trend otherwise the profit compensation turn to be a lottery compensation. Here fiduciary duty of the insiders is questioned where in Hooker’s case it is possible that directors owe fiduciary duty to shareholder although there is no general principal on it. 2. Insider Trading Contributes to Market Efficiency Pro from Leland and Estrada Manne argued that ‘allowing an unfettered market in information will have salutary effects unheard of in connection with regulatory â€Å"disclosure†Ã¢â‚¬â„¢ . Recently, Leland and Estrada also stated similar idea that insider trading contributes to market efficiency through signaling where signal-trading by insiders pushed share price more quickly towards its equilibrium price. Pro from Empirical Measures Theory Moreover, empirical measure presents a theory; the more information gets into market, the lower transaction cost, the more liquid the market and the smaller volatility produced. Since investors get more helpful information to predict market trend, the transaction cost here is lower. Transaction cost is the cost to take the risk if the companies, which they invest in, somehow default. Thus lower transaction cost is equivalent to lower risk, which can encourage more investor to trade. As trading in the market occurs significantly in one flow (either buy or sell) based on the information they got, the volatility, which represented by the bid-ask (difference between the buy and sell quotes at any one time), decreases. Consequently liquidity increases. Evidence from Real Study In practice, Dodd and Officer found evidence that no significant abnormal returns (return of a security over its average or expected return) occurred on the day take over rumour was published, although some abnormal returns typically occurred prior to the publicity of rumour. This prior abnormal return must be because of insider trading, as the unpublished information they possess allow them to predict the trend up to takeover bid, thus, at the date of take over published, market already reached equilibrium price. Contra from Cox and Georgakopoulos and Response from Wyatt However, there are some disagreements on Manne argument. First, Cox claims that insider trading cannot make the price movement towards equilibrium price purely by their own actions . Also microstructure theory by Georgakopoulos, which states that whether support or against insider trading is depending on the market liquidity . A liquid market as discussed in the compensation arguments will give more benefit to insiders because the votality is lower and they can easily predict trend in stable price, hence, IT regulations in this case can be useful. On the other hand, illiquid market leads both insider and outsider traders away regardless the information they received since the votality is high and even unpublished information may just let them gamble on the security’s price, hence, in such market the presence of IT regulations has no effect to the market. The idea is that the uninformed traders is discourage to involve in market because of unfairness arise from the profit making activity by informed traders, hence, reducing the market effectiveness. For all that, both claims can be doubtful considering Wyatt suggestion that outsiders follow insiders action and further can encourage market liquidity . His suggestion is also supported by the fact that trader’s identity is kept confidential, thus, uninformed traders cannot be certain of the percentage of informed traders which make them discourage from trading. IT Regulation Distorts Market Efficiency Further issue is whether IT regulation increase market efficiency or it just increase the cost of compliance for companies and financial services firms? If IT regulation inhibits market efficiency then it should be revised. IT regulations in Australia reinforces continous disclosure (CD) regulations such in Crown Casino’s case where the chairman, who has no power on the company’s behalf, disclosed information to outsiders before the board disclosed it to the Exchange. The court emphasized on the breach of continous disclosure specifically on the abuse of the term ‘immediately’ . If IT regulation is just a flip-case of CD regulations, then it is obsolescent, as CD regulation already governs tardy disclosure . Sub Conclusion nsider trading contributes to market efficiency by moving the share price more quickly towards equilibrium price is supported by empirical measure which shows that insider trading increase market liquidity, and by Dodd and Officer finding on significance abnormal returns prior to take over rumour instead of on the date of publicity. Although Cox and Georgakopoulos go against the concept, Wyatt response that their arguments can be the contrary, that informed traders can be an opportunity for uninformed traders to get profit by following them instead of discourage them by unfairness. 3. Insider Trading and Long-term Investors Pro and Contra Finally, insider trading does no significant harm for long-term investors , â€Å"whose market decisions will be a function of time† . In detail, Manne asserts that the less frequent someone trades, the less significant effect of the unfair use of valuable information from insider trading they receive. Such investors just make investment on the basis that they are timely and not affected by the share price, which is affected by insider trading. However, this view is questioned by Schotland . He argued that even long-term investor needs cash and when they need it they will consider to ait for a right price to sell it. Further, Manne suggest that long term investor can ignore price to avoid being harmed by the effect of insider trading, expect for one, which is the lost of not having inside information in the range of the buying and selling price so that it is insignificant. Here Manne only refers to one investment. Yet, how about when the investors have more than one (in which the common condition to diversify)? They may need to watch a series of share price otherwise they will end up will sell it with no profit after putting so much faith waiting for it. Sub Conclusion Insider trading does no significant harm for long-term investors as they just invest on the basis of time instead of share price and only need to watch insignificant loss from the valuable information exploited by insider trading. The idea is fully objected by Schotland by arguing even long-term investors need cash and should consider the right price to sell the share. Also the insignificant loss only refers to one share, but in practice long-term investor such as retirees diversify shares by holding more than one. Conclusion In summary, the essay demonstrates a number of both pros and contras of whether insider trading should be abolished. Looking the above discussion, insider trading should be outlawed as it can cause significant harm to investors. It is also contradict with fiduciary argument. However, Insider trading is also evidenced contribute to market efficiency. Moreover, as in Crown Casino’s case, IT regulation is criticized to be a mere flip-case of CD regulation and the presence just increase the cost of compliance. Therefore, It would be better if IT regulations is revised in a way that promote both fairness and efficiency equally.

Abbas Ibn Firnas Biography

Abbas Ibn Firnas Biography Ibn Firnas was born during the rise and development of Islam in the Middle East. He was a member of the Berber community that was ruled by the Umayyad Caliphate. â€Å"The exact date of his birth is not clear, but he lived from 810 to 887 A.D†.Advertising We will write a custom report sample on Abbas Ibn Firnas Biography specifically for you for only $16.05 $11/page Learn More Since his childhood, Ibn Firnas keenly observed his surroundings. After the death Abd al-Rahman, Armen Firman became the new caliph in 852 and was interested in promoting inventions. He attempted to fly using a makeshift cloak, but he accidentally fell down. His invention became the initial parachute in the Middle East. Ibn Firnas witnessed this experiment and got interested in performing a similar test. Ibn Firnas created a workshop in which he performed various experiments. Thus, â€Å"he attempted to make transparent glassware items using various materials, which he assemble d from his surroundings†. He created a water timepiece, which was dubbed â€Å"Al-Maqata†. In the field of astronomy, Ibn Firnas created various instruments that he applied in studying the sky. Ibn Firnas was also interested in writing poems and songs. Besides, he made remarkable efforts in making ornaments by shaping rocks into various designs. A part from the aforementioned inventions, Ibn Firnas created a glider and attempted to fly. His flight was good, but he made a dangerous landing. Unfortunately, he sustained a serious back injury that almost crippled him. His critiques contended that he hurt himself because he did not carry out proper research. After this accident, â€Å"Ibn Firnas never attempted to fly again and died after about twelve years†.Advertising Looking for report on biography? Let's see if we can help you! Get your first paper with 15% OFF Learn More References Benson, A. (2009). Great Lives from History: Inventors In ventions Set. New York: Sage. Morgan, M. (2008). Lost History: The Enduring Legacy of Muslim Scientists, Thinkers, and Artists. New York: National Geographic. Salim, T., Woodcock, E. (2006). 1001 Inventions: Muslim Heritage in Our World. Manchester: Foundation for Science, Technology and Civilisation.

The top 5 retail jobs for 2018

The top 5 retail jobs for 2018 If you’re thinking about working in retail, it can be a great choice with lots of different ways to achieve your goals. Retail is one of the most versatile industries, with a constant, churning demand to meet ever-growing sales and customer needs. It’s also an industry where you can start laying out a career path that takes you up through the management level, or get that â€Å"right now† job while you figure out what your longer-term career plans are. It’s also a field that’s growing and diversifying quickly due to changes in technology and e-commerce, making it a broader field than ever before. Let’s look at some of the fastest-growing job opportunities in retail for the new year.1. Sales AssociateThink of this job as â€Å"retail classic,† especially if you’re just starting out. Sales associates are basically the boots on the ground in the retail industry, working out on the floor in brick-and-mortar stores to make sure that shelves are stocked, customers are being helped, sales are being made, and operations are running smoothly. It’s typically an hourly job, worked in shifts set by the store’s management. Working as a sales associate can mean working nights, weekends, and holidays, depending on the type of store.Working as a retail sales associate can be a major experience-builder, especially if you’re thinking about branching out into a more advanced career in the retail field.What you’ll need: There’s no official education level needed to become a sales associate, but some companies prefer high school graduates (or equivalent). Sales associates should have good organizational skills, trustworthiness, solid math skills, and excellent customer service skills- not to mention the patience it takes to help customers of all kinds. Most stores provide on-the-job training for new employees.How much they make: According to the U.S. Bureau of Labor Statistics (BLS), sales as sociates make a median annual salary of $22,900 per year, or $11.01 per hour. This can vary depending on experience and seniority.For more on how to snag retail associate jobs:6 Job Skills You Need to Be a Sales AssociateHow to Write a Perfect Sales Associate Resume (Examples Included)2. Retail ManagerIf you’ve got some retail experience under your belt already, 2018 is a great time to start thinking about moving up into the managerial level. Retail managers are often responsible for managing teams of associates, or an entire store. Their day-to-day responsibilities may include scheduling staff, interviewing and hiring new staff, training employees, overseeing daily operations, monitoring sales and transactions, providing customer service as necessary, overseeing stocking and inventory, and opening and closing the store. Managers are also ambassadors for the store’s branding and corporate interests as well, making sure the store and the staff are operating within compa ny policies and working toward company goals.It’s a leadership job that requires a good deal of maturity and responsibility, particularly when it comes to handling store finances and making personnel decisions.What you’ll need: A high school diploma (or equivalent) at a minimum, and experience working in retail. Many stores hire and promote from within. Strong customer service skills are a must, but administrative skills are essential too, particularly organization, accounting, and both written and verbal communication.How much they make: According to PayScale.com, retail store managers make a median annual salary of $45,191, or $14.56 per hour.For more on how to snag retail management jobs:How to write a retail management resume (with examples)Retail Management: Your complete guide to starting your career3. Customer Service RepresentativeSometimes called â€Å"customer care† or â€Å"customer success† associates, these retail professionals are responsibl e for making sure customers are informed and happy with their purchases. In a brick-and-mortar store, that might mean manning a desk that handles returns and customer questions or issues. Otherwise, customer service associates may work remotely in call centers, fielding calls, emails, social media queries, or other types of outreach from customers. Customer service associates may be responsible for troubleshooting orders or shipment issues, processing returns or refunds, giving customers information about their product or the store, or providing technical support. In a world where customer feedback can be swift and harsh on social media, customer service professionals need to be more proactive and helpful than ever. It’s also a field that grows immensely, as the retail experience continues to expand from traditional stores to digital storefronts.What you’ll need: A high school diploma (or equivalent) at a minimum and stellar customer service skills. Customer service as sociates are often the ones dealing with irate or unhappy customers, so strong people skills are a crucial part of the job. Customer service associates should also be tech-savvy, since they may be working with customers in a variety of different communication formats, from multi-line phones to computer chat apps.How much they make: According to the BLS, customer service representatives make a median annual salary of $32,300 per year, or $15.53 per hour.For more on how to snag customer service jobs:Develop a solid career in customer serviceTop 10 Skills You Need for a Career in Customer ServiceYour Complete Guide to the Best Customer Service JobsThe top 12 hottest customer service jobs4. Online MerchandiserThis is a job that takes advantage of the e-commerce boom. Rather than working in a traditional store, you’d be working within a digital storefront to make sure that products are organized and displayed in a way to maximize ease and appeal to a customer. In a brick-and-morta r store, this job would mean organizing displays for maximum eye-catching and attention. In an online store, this role includes ensuring that product pages are organized in a logical, easy-to-read way; maximizing SEO and keyword searches to ensure that products are showing up in customer searches; and ensuring that product descriptions and necessary information are complete and readily available. Merchandisers may also coordinate sales and promotions, ensuring that customers are aware of the sales and that there is clear information on the site.What you’ll need: A high school diploma (or equivalent) at a minimum, though many companies prefer further education in business or merchandising. Data analysis skills are also a key element of the job, as you’d be making sure that the site’s offerings line up with customer needs and behavior.How much they make: According to PayScale.com, online merchandisers make a median annual salary of $56,839.For more on how to snag merchandising jobs:Top Opportunities in the Online Retail Revolution5. Warehouse AssociateTagged by Forbes as earning one of the fastest-growing salaries, warehouse associates are another job that is fueled by the up-and-up-and-up growth in the e-commerce sector. The goods that people are ordering online have to live somewhere before they’re shipped, and warehouse associates are the ones receiving, processing, tracking, and shipping these products behind the scenes.Warehouse associates are typically responsible for tracking inventory, getting shipments ready to go out, processing incoming and outgoing shipments, and moving merchandise from one place to another. It’s a very hands-on kind of job- think forklift, not cubicle. It also may not be a 9-to-5 kind of gig, given the need to ship products fast after a purchase is made. Warehouse work often includes shifts at odd hours, as well as on weekends and holidays to make sure that orders are going out on schedule. If youà ¢â‚¬â„¢re interested in a job that can prepare you for a career in logistics as well as retail, this is a great place to start.What you’ll need: Most companies require a high school diploma (or equivalent). You’ll also need to be in good physical shape, with the stamina to work on your feet and lift heavy objects.How much they make: According to PayScale.com, warehouse associates make a median annual salary of $31,311, or $12.69 per hour.For more on how to snag warehouse associate jobs:6 top retail jobs this holiday season and how to get themTop Opportunities in the Online Retail RevolutionIf you want to work in a versatile, ever-developing field, it’s hard to go wrong with retail. It’s not always an easy job (what job working with the public is ever easy?), but if you’ve got a knack for customer service and an interest in business, it’s a field that will continue to grow in 2018.

Best practice review - work based learning Literature

Best practice - work based learning - Literature review Example Recognizing the importance of learning for development and has led to the origination of large number of methodologies. The single objective working behind development of leanings methodologies has been to improving the level of effectiveness.Among various methodologies introduced for the purpose, Work Based Learning is most recognized and accepted one. As the name signifies Work Based Learning refers to the learning that predominantly takes place through work (Garnett, 2001). Learning in work place maintains focus on job. Work based learning is being associated with on job training, skill development and experiential learning that is being provided to the students in the employment environment; hence reducing the gap of between pedagogical learning and work based experiences of learning and doing. Though considerable development is being made on the matter and great variety of models and themes have been devised there is still gap existing between the work-based learning demands as the opportunities facilitated by the workplace to align on same page. Hence, along with development of the field towards success the criticism has also been coming along. REVIEW FROM LITERATURE Eraut and Hirsh (2007) have suggested in contrast to the traditional forma l learning settings; work based learning is accredited with greater knowledge and skill development along with higher level of effectiveness based on the knowledge that is adopted by being part of the work environment . It further refers that strength of the knowledge is developed from responding to the issues originating from pieces of work. Work based learning is not only regarded as the form of combination of theory and practice but at the same time it is conceptual development that has combination of explicit and tacit forms knowledge (Brodie, and Irving, 2007). The combination of the explicit as well as tacit knowledge is further generated from the dual aspects facilitated from the knowledge. Learner in the work b ased learning environment develops tacit and explicit knowledge on both levels of individual as well as collective level as given presented below: (Raelin, 1998) Hence, the combination of the work based learning best practices has to facilitate the combination of these factors in a negotiated combination in order to achieve the effective and robust results (Lester, 2002). Settings; however, may vary with respect to the need of the learner and the facilitator. For instance, the methodology of work based learning that is applied at Middlesex University is of format that has negotiation as critical element. Work based learning in Middlesex University is designed with high level of negotiation between the parties involved such as the learner, the facilitator as well as the employer that provides learning set up. Such negotiated learning results in developing the learner that reflects greater commitment to work and self development. However, the commitment of learners within this format and self development is dependent on the level of motivation provided by the employers; especially in work activities that does not offer learner some level of discretion with respect to decision making as well as authority to take action (Zembylas, 2006). Work based learning settings also offer a distinctive form of learning where learners are provided with conceptual development. The learning is since provided with vocational training therefore the conceptual development is conducted with experiences and reflections (Reeve, and Gallacher, 2005). Further, the concept of action research that facilitates learning with conducting research in order to solve the real world problems is also accepted influential methodology. In the mentioned settings the solution to the problem is more democratic as it is arrived by collaborative discussions on work place or any other structured format that falls in the category of work based learning. Hence, in every context the success is derived from p ragmatic concept of