Free Essays on Mau-mau

The Mau-Mau Rebellion (1952 to 1959) Mau disobedience surely uncovers parts of the historical backdrop of British government in Africa recently escaped see. A few students of history portray the members in the uprising as a group of political dissidents called ‘Mau Mau', who promised to liberate Kenya from imperialism at any cost....To the British, the uprising was such an unbelievable assault on expansionism, that it advocated any reaction, and that reaction when it came, would be merciless and stunning. Kenya before the uprising, was brimming with Europeans carrying on with an existence of inert extravagance dependent on African land and work. Yet, in the post-Second World War time, hatred contrary to pilgrim rule expanded and individually, African nations requested self-rule. John Maina Kahihu from the Mau's political wing stated, In 1942 we had battled for the British. In any case, when we got back home from the war they gave us nothing. The fiercest resistance to the frontier specialists originated from the Kikuyu clan who, 50 years sooner, had been ousted from their customary territories to clear a path for the European ranchers. Before the Second's over World War, 3,000 European pioneers claimed 43,000 square kilometers of the most fruitful land, just 6 percent of which they developed. The African populace of 5.25 million involved, without proprietorship rights, under 135,000 square kilometers of the most unfortunate land. On the local stores a significant part of the land was unsatisfactory for horticulture. The poor laborers had been compelled to forsake their customary strategies for broad farming and didn't approach the new innovation that would make concentrated horticulture reasonable. The populace couldn't take care of itself and the workers were urgent. This realized the arrangement of a mystery society among the Kikuyu, Kenya's biggest clan, one-fifth of the populace. It was known as the Land Freedom Army (LFA). It was constraining Kikuyu to make a solemn vow to reclaim the land the white man had taken... Free Essays on Mau-mau Free Essays on Mau-mau The Mau-Mau Rebellion (1952 to 1959) Mau resistance unquestionably uncovers parts of the historical backdrop of British colonialism in Africa recently avoided see. A few students of history depict the members in the uprising as a group of political dissidents called ‘Mau Mau', who pledged to liberate Kenya from imperialism at any cost....To the British, the uprising was such a silly assault on expansionism, that it supported any reaction, and that reaction when it came, would be fierce and stunning. Kenya before the uprising, was brimming with Europeans carrying on with an existence of inactive extravagance dependent on African land and work. In any case, in the post-Second World War time, disdain contrary to frontier rule expanded and individually, African nations requested self-rule. John Maina Kahihu from the Mau's political wing stated, In 1942 we had battled for the British. However, when we got back home from the war they gave us nothing. The fiercest resistance to the pilgrim specialists originated from the Kikuyu clan who, 50 years sooner, had been removed from their customary zones to clear a path for the European ranchers. Before the Second's over World War, 3,000 European pilgrims possessed 43,000 square kilometers of the most ripe land, just 6 percent of which they developed. The African populace of 5.25 million involved, without proprietorship rights, under 135,000 square kilometers of the most unfortunate land. On the local stores a great part of the land was unsatisfactory for horticulture. The poor laborers had been compelled to relinquish their customary techniques for broad horticulture and didn't approach the new innovation that would make concentrated farming suitable. The populace couldn't take care of itself and the laborers were edgy. This achieved the arrangement of a mystery society among the Kikuyu, Kenya's biggest clan, one-fifth of the populace. It was known as the Land Freedom Army (LFA). It was constraining Kikuyu to make a solemn vow to reclaim the land the white man had taken...

Epistemology †empiricism Essay

Standards like those Parmenides accepted that are said in contemporary language to be from the earlier standards, or standards of reason, which just implies that they are known before understanding. It isn't that we gain proficiency with these standards first sequentially but instead that our insight into them doesn't rely upon our faculties. For instance, consider the guideline â€Å"You can’t make something from nothing. † If you wished to protect this guideline, okay continue by leading an examination in which you attempted to make something from nothing? Truth be told, you would not. You would put together your safeguard with respect to our failure to think about ever makingâ something from nothing Everything we know starts from four sources. The main, our faculties, can be thought of as our essential wellspring of data. Two different sources, reason and instinct, are subordinate as in they produce new realities from information previously provided to our psyches. The fourth source, authority (or â€Å"hearsay,† or â€Å"testimony† of others), is essentially optional, and used truth claims are in every case all the more wiggly and hard to approve. Different wellsprings of information are generally guaranteed, and it isn't unfathomable that there may exist different sources; yet on the off chance that they do exist,â knowledge got from them is dangerous, and cautious investigation as a rule finds that they can be subsumed under at least one of the four known sources and should be truly addressed as real, separate wellsprings of solid data. In synopsis, what is the idea of our insight about this present reality of items/occasions? Our insight into the truth is made out of thoughts our psyches have made based on our tactile experience. It is a texture of information woven by the brain. Information isn't given to the psyche; nothing is â€Å"poured† into it. Or maybe, the brain fabricates discernments, ideas, thoughts, convictions, etc and holdsâ them as working theories about outside the real world. Each thought is an (abstract) working model that empowers us to deal with genuine items/occasions with some level of even minded proficiency. Anyway powerful our considerations and pictures might be, they are just remote portrayals of the real world; they are devices that empower us to manage reality. It is just as we attract nondimensional maps to assist us with understanding four-dimensional region. The semanticists have since a long time ago helped us to be careful to remember confounding any kind of guide with the genuine scene. â€Å"The map,† they state, â€Å"is not the domain. † A deliberation, by definition, is a thought made by the brain to allude to all items which, having certain attributes in like manner, are thought of in a similar class. The quantity of articles in the class can run from two to endlessness. We can allude to all men, all storms, all books, all vitality formsâ€all everything. While reflection building is an inevitable mental processâ€in certainty it is the initial phase in the association of our insight into objects/eventsâ€a major issue is intrinsic simultaneously. At significant levels of deliberation we will in general gathering together articles that share however a couple of characteristics for all intents and purpose, and our abstractionsâ may be practically pointless, without our knowing it. We fall into the propensity for utilizing natural reflections and neglect to acknowledge how void they are. For instance, what do the items in the accompanying deliberations share for all intents and purpose? All agnostics, every single Western colonialist, all blacks or all whites (and on the off chance that you think it’s skin shading, reconsider), all moderates, all trees, every French individuals, all Christians. At the point when we think in such significant level deliberations, it is regularly the situation that we are conveying nothing important by any stretch of the imagination. â€Å"The singular item or occasion we are naming, obviously, has no name and belongsâ to no class until we put it in one. † Going as far back as Plato, logicians have generally characterized information as evident defended conviction. From the earlier information is information that is advocated autonomously of (or before) experience. What sorts of information could be legitimized with no intrigue to understanding? Unquestionably, we can know reality of definitions and consistent facts separated as a matter of fact. Consequently, definitions and legitimately vital certainties are instances of from the earlier information. For instance, â€Å"All unicorns are one-horned creatures† is valid by definition. Essentially, the followingâ statement is a certain wagered: â€Å"Either my university’s football crew will dominate their next match or they won’t. † Even in the event that they tie or the game is dropped, this would satisfy the â€Å"they won’t win† part of the expectation. Subsequently, this announcement communicates a sensibly essential truth about the football crew. These two articulations are instances of from the earlier information. Notice that in the specific instances of from the earlier information I have picked, they don't give us any genuine, true data about the world. Despite the fact that the announcement about unicorns is valid, it doesn't disclose to us whether there are any unicorns on the planet. Likewise, the football forecast doesn't disclose to us the real result of the game. Experience of the world is required to know these things. The second sort of information is a posteriori information, or information that depends on (or back to) understanding. So also, the descriptive word exact alludes to whatever depends on understanding. Any cases dependent on experience imply to add new data to the subject. Thus, â€Å"Water freezes at 32 degrees Fahrenheit† and â€Å"Tadpoles become frogs† would be instances of a posteriori information. We realize the point of solidification of water and the existence pattern of tadpoles through experience. Hitherto, most logicians would concede to these focuses. The troublesome inquiry presently emerges: Is there any from the earlier information that does give us information about this present reality? What might that resemble? It would be information expressible in an announcement with the end goal that (an) its reality isn't resolved exclusively by the significance of its terms and (b) it provides data about the manner in which the world is. Moreover, since it is from the earlier, it would be information that we could legitimize through explanation, freely of experience. The inquiry, at that point, is whether reason alone can inform us regarding a definitive nature of the real world. 1. Is it conceivable to have information by any stretch of the imagination? 2. Does reason furnish us with information on the world freely of experience? 3. Does our insight speak to reality as it truly seems to be? Logic guarantees that reason or the insight is the essential wellspring of our key information about the real world. Nonrationalists concur that we can utilize motivation to make inferences from the data gave by sense understanding. In any case, what recognizes the pragmatists is that they guarantee that reason can give us information separated as a matter of fact. For instance, the pragmatists call attention to that we can show up at numerical realities about circlesâ or triangles without estimating, try different things with, or experience round or triangular articles. We do as such by building discerning, deductive evidences that lead to totally obvious ends that are in every case all around valid for the world outside our brains (from the earlier information about the world). Clearly, the realists figure the subsequent inquiry ought to be addressed certifiably. Observation is the case that sense experience is the sole wellspring of our insight about the world. Empiricists demand that when we start life, the first hardware of our acumen is a clean slate, or clear tablet. Just through experience does that unfilled psyche become loaded up with content. Different empiricists give various clarifications of the idea of coherent and numerical realities. They are completely concurred, notwithstanding, that these facts are not effectively inert in the brain before we find them and that there is no certified from the earlier information about the idea of the real world. The empiricists would react â€Å"No! † to the second epistemological inquiry. Concerning question 3, both the pragmatists and the empiricists imagine that our insight represents reality as it truly seems to be. Constructivism is utilized in this conversation to allude to the case that information is neither as of now in the psyche nor inactively got as a matter of fact, yet that the brain builds information out of the materials of experience. Immanuel Kant, an eighteenth century German thinker, presented this view. He was impacted by both the pragmatists and the empiricists and endeavored to arrive at a trade off between them. While Kant didn't concur with the pragmatists on everything, he believed we can have from the earlier information on the world as we experience it. Despite the fact that Kant didn't utilize this mark, I call his position constructivismâ to catch his unmistakable record of information. One alarming outcome of his view was that in light of the fact that the brain forces its own request on understanding, we can never know reality for what it's worth in itself. We can just know reality as it appears to us after it has been separated and prepared by our brains. Consequently, Kant responds to address 3 contrarily. By the by, on the grounds that Kant thought our psyches all have the equivalent psychological structure, he thought we can show up at general and target information inside the limits of the human circumstance. Prior to perusing further, take a gander at the roadway picture for a case of a classicâ experiment in observation. Did you find the correct solution, or were your eyes tricked? One way that doubters assault information claims is to highlight all the manners by which we have been hoodwinked by figments. Our involvement in perceptual figments shows that in the past we have been mixed up about what we thought we knew. These missteps lead, the cynic claims, to the end that we can never be sure about our convictions, from which it follows that our convictions are not legitimized. Another, comparative technique of the cynic is to highlight the chance tha

Wellbutrin Uses, Side Effects, Dosages, Precautions

Wellbutrin Uses, Side Effects, Dosages, Precautions Depression Treatment Medication Print What to Know About Wellbutrin (Bupropion) An antidepressant approved to treat MDD and SAD By Nancy Schimelpfening Nancy Schimelpfening, MS is the administrator for the non-profit depression support group Depression Sanctuary. Nancy has a lifetime of experience with depression, experiencing firsthand how devastating this illness can be. Learn about our editorial policy Nancy Schimelpfening Medically reviewed by Medically reviewed by Steven Gans, MD on June 15, 2015 Steven Gans, MD is board-certified in psychiatry and is an active supervisor, teacher, and mentor at Massachusetts General Hospital. Learn about our Medical Review Board Steven Gans, MD Updated on February 04, 2020 Hero Images / Getty Images More in Depression Treatment Medication Causes Symptoms Diagnosis Types Childhood Depression Suicide In This Article Table of Contents Expand Uses Before Taking Dosage Side Effects Warnings & Interactions View All Back To Top Wellbutrin (bupropion) is an antidepressant that treats a number of conditions. It comes as an immediate-release, sustained-release, or extended-release tablet that is taken orally.   One factor that makes Wellbutrin especially unique among antidepressants is that it doesnt tend to affect your libido and sexual function. In fact, its often prescribed along with other antidepressants to help counter the sexual side effects found in other types like loss of desire. That said, Wellbutrin in any form isnt without side effects, some of which are serious. If your doctor prescribes Wellbutrin for you, its important to be aware of what symptoms to look out for. Some are merely bothersome and likely to disappear as your system gets used to the medication, but others may be serious and should prompt you to call your doctor right away to let them know that youre having problems. Verywell / JR Bee Uses Wellbutrin is approved by the U.S. Food and Drug Administration (FDA) to treat major depressive disorder (MDD) and seasonal affective disorder (SAD).?? Off-Label Uses Wellbutrin is also used off-label to help with symptoms of attention-deficit/hyperactivity disorder (ADHD),??? bipolar disorder, anxiety, and obesity. Additionally, another brand of bupropion (the active ingredient in Wellbutrin) called Zyban is used to help people quit smoking. Before Taking Wellbutrin is often used as a first-line antidepressant in the treatment of major depressive disorder and seasonal affective disorder. Your doctor will evaluate your symptoms and current health status to determine if Wellbutrin is right for you. Precautions and Contraindications Your doctor may not prescribe this drug if you have certain health conditions. You should not take Wellbutrin if you have an eating disorder, angle-closure glaucoma, or a seizure disorder.People with bipolar disorder may be at an increased risk of experiencing manic, mixed, or hypomanic episodes after taking Wellbutrin. While bupropion is sometimes prescribed off-label to treat depressive episodes, it is not approved for the treatment of bipolar depression. Those with bipolar disorder may also have an increased risk of experiencing suicidal thoughts after taking Wellbutrin.If you have a history of kidney problems, kidney disease, or liver problems, your doctor may recommend a reduced dosage of the drug.Never take Wellbutrin if you have a known allergy to bupropion. You should contact emergency services immediately if you begin to experience allergic symptoms such as rash, swelling, hives, itching, and difficulty breathing.The drug should not be used by women who are breastfeeding or by children. Wellbutrin is a category C pregnancy drug, meaning that it has been shown to have adverse effects on the fetus in animal studies and that not enough studies have been conducted to determine the effect it may have in humans. For this reason, the drug should only be used during pregnancy if your doctor has determined that the potential benefits outweigh the risks. Because older adults may have reduced kidney function, they may require smaller doses since the drug remains in the body longer. Other NDRIs Among antidepressants, bupropion is in a category all its ownâ€"its the only medication in its class, called norepinephrine-dopamine reuptake inhibitors (NDRIs), that boosts the neurotransmitters norepinephrine and dopamine. By contrast, selective serotonin reuptake inhibitors (SSRIs) like Prozac (fluoxetine) and Zoloft (sertraline) affect  serotonin, while serotonin and norepinephrine reuptake inhibitors  (SNRIs) such as Cymbalta (duloxetine) and Effexor (venlafaxine) boost norepinephrine and serotonin. The 5 Major Classes of Antidepressants Dosage Wellbutrin contains chemicals called aminoketones and comes in three versions. Dosing varies for each version:?? Immediate release: The regular formulation, simply named Wellbutrin, is an immediate release medication, which means that it begins to work shortly after you take it. Because it acts quickly, it can be taken up to three or four times a day. This formulation is used to treat major depressive disorder (MDD). A starting dose is usually 100mg taken twice a day and potentially increased to 100mg taken three times a day. The maximum dose is 150mg per single dose.Sustained-release: Wellbutrin  SR, the sustained release version, also treats MDD. This formulation is typically started at 150mg once a day and potentially increased to 150mg twice a day. It can be increased to a maximum of 200mg taken twice a day.Extended-release: Taken once a day, Wellbutrin XL is used to treat MDD and to prevent seasonal affective disorder (SAD). Its typically started out as a dose of 150mg once a day and can be increased to 300mg or even 450mg maximum, both taken once a day. Modifications In some cases, your doctor may prescribe a modified dosage of the drug due to possible side effects or another health concern.?? With liver impairments: The dosage is often lowered to a maximum dose of 75mg per day for those with moderate to severe liver impairment.With kidney problems: Your doctor may also lower your dosage or the frequency of use if you have kidney impairments.After or before MAOIs: If you have previously taken a monoamine oxidase inhibitor (MAOI) or are switching to an MAOI, you should allow 14 days between the discontinuation of your previous drug and the initiation of your new treatment. How to Take and Store You should always take your medication as directed. Always swallow pills whole and never crush, chew, break, or mix with other substances. The drug can be taken on an empty stomach or with food. Your medication should be stored at room temperature and protected from light and moisture. If you happen to miss a dose of bupropion, take it as soon as you remember. Any remaining doses for the day should be taken at least four hours apart. Never take two doses at once to make up for a missed dose. Taking two doses at the same time can increase your risk of experiencing a seizure or an accidental overdose. Never stop taking your medication suddenly. If you stop suddenly, your symptoms may worsen or you may experience withdrawal. If you want to stop taking Wellbutrin, talk to your doctor about tapering off of your medication gradually. Side Effects Common Side effects may occur but they usually go away within a few weeks as your body adjusts. The most common side effects for Wellbutrin, Wellbutrin SR, and Wellbutrin XL include: ConstipationDizzinessDrowsinessNervousnessDry mouthChanges in the way food tastesHeadacheIncreased sweatingTremorsNauseaVomitingAnxietyRestlessnessInsomniaWeight lossJoint achesAppetite lossFlushingGasUrinating more than usualRinging in your earsAbdominal painHair lossWeakness Severe Some side effects of Wellbutrin can be  severe or even potentially life-threatening.?? Get medical help right away if you experience any of the following while taking any version of Wellbutrin:   Skin rash; hives; itching; difficulty breathing; a feeling of tightness in your chest; swelling of your mouth, face, or tongue; and/or unusual hoarseness, all signs that you may be having a serious allergic reaction to the drugChanges in visionChanges in sexual desire or functionChest painConfusionDark urineDelusions or hallucinationsFaintingRapid or irregular heartbeatFever, chills, or a sore throatHearing problemsChanges in your menstrual cycleWorsening depression and/or suicidal thoughtsExaggerated feelings of well-beingTrouble concentratingPanic attacksAggressivenessHostilityImpulsivenessAgitationInability to sit stillPale-colored stoolsSwollen, blistered, or peeling skinSeizuresSevere headacheSevere or lingering joint or muscle painSevere or lingering nausea, vomiting, or stomach painSevere or lingering nervousness, restlessness, or insomniaDifficulty breathingUnusual swellingYellow skin or eyes Warnings and Interactions Seizures and suicidal thoughts are two of the most serious potential side effects of Wellbutrin.?? Seizures are rare with this drug, but do be aware that the risk of seizures is about four times greater with Wellbutrin than with other antidepressants. For that reason, its especially important to let your doctor know if you have or have had a seizure disorder; you take any other medications that contain bupropion, such as Zyban (for quitting smoking); or you have or have had an eating disorder such as anorexia or bulimia, as seizures are more likely to occur with these disorders. Antidepressant drugs like Wellbutrin may increase the risk of suicidal thoughts and behavior in children, teens, and young adults up to age 24, especially when they first start taking the medication or when theres a change in their dose. If you have a child taking Wellbutrin or another medication for treating depression, keep a close eye out for signs of self-harm or suicidal thinking. Interactions There are a number of potential interactions that can occur when other substances are taken at the same time as Wellbutrin.?? Other medications may influence how bupropion works or increase the risk of side effects. These include: Monoamine oxidase inhibitors (MAOIs)Other antidepressants including Prozac (fluoxetine), Zoloft (sertraline), and Effexor  (venlafaxine)Antipsychotics such as Risperdal (risperidone) or Haldol (haloperidol)Corticosteroids including prednisoneBlood thinnersAdderall (amphetamine and dextroamphetamine)Thyroid medications such as Synthroid (levothyroxine)OTC pain relievers such as ibuprofenDiabetes medications including Glucophage (metformin) Using Wellbutrin with alcohol may also influence the frequency and severity of side effects, including seizures and suicidal thoughts.?? Managing Side Effects Check in with your doctor about any side effects youre experiencing with Wellbutrin if theyre severe, bothersome, get worse, or dont go away. Again, the most common ones are the least serious and are likely to be temporary. Get help right away if you have any side effects that could be serious or life-threatening. In either case, dont stop taking Wellbutrin until youve checked with your doctor first. Going cold-turkey off of any antidepressant can cause your symptoms to come back or get worse. Stopping abruptly also can lead to  discontinuation syndrome, an array of flu-like  symptoms such as stomach upset, headache, strange sensations, and muscle aches. If you need to stop taking Wellbutrin, your doctor will guide you in gradually tapering off of it. Flu-Like Symptoms When Discontinuing Antidepressants

One Person Company - Free Essay Example

Sample details Pages: 7 Words: 2147 Downloads: 3 Date added: 2017/06/26 Category Law Essay Type Research paper Did you like this example? Title of the Article-à ¢Ã¢â€š ¬Ã…“Company Law, 2013: Demystifying NCLT and One Person Companyà ¢Ã¢â€š ¬Ã‚  Abstract The Companies Act 2013 has been a mixed bag of affairs. It has come up with new rules regarding various institutions that were not there till now like the NCLT and the NCLAT and the provisions of one person company. These new introductions are revolutionary steps and a relief for the investors and the companies. The new law has changed six decades old legislation that needed new reforms and a new outlook with the changing time to bring a new prospective to the companies act. The new act has been brought to enhance self-regulation, raise levels of transparency and importantly to protect the interest of the investors and creditors. In the present paper we have tried to explain the effectiveness of enforcing the Companies Act 2013. Don’t waste time! Our writers will create an original "One Person Company" essay for you Create order Introduction The Companies Act 2013 came into force on 30 August 2013. The 2013 Act brings new concepts and it also gave new definitions to simplify the provisions. In this paper we have covered some of the new sections which have been introduced in Companies Act 2013. A few of these aspects are discussed in detail which are as follows: One person Company, National Company Law Tribunal and National Company Law Appellate Tribunal. The Companies Act, 2013 is designed in a way to make a business friendly environment, and it will also help in improving corporate governance. The replacement of high court with tribunal in 2013 act has reduced the burden of the High Court. OPC- One Person Company Provision of à ¢Ã¢â€š ¬Ã…“One Person Companyà ¢Ã¢â€š ¬Ã‚  was introduced in Companies Act 2013. Concept of One Person Company has not evolved in India only but it is well established in practice in different countries like USA, UK and in many European Countries. This theory was firstly introduced in India by Dr. Jamshed J. Irani, Chairman of The Expert Committee on Company Law in 2005. This theory provides the whole new opportunity for those individuals who want to do their own business. It is defined as a company which has only one member.[1] This provision, which is brought by the amendment act, has one exception which is that the person should have been born and be residing in India in order to be eligible to incorporate a one person company. One person company is a new concept in the Indian entrepreneurship. A one person company is a private limited company with having of single member.[2] In the old Companies Act, 1956 it was mandatory for the private company to have m inimum two member to start a business. This was a barrier for the individual who wanted to do individual business. This will bring revolution in the Indian business. This new concept may take time to work efficiently but with the passage of time it will bring big entrepreneurs to the country. It will be truly helpful for the small entrepreneurs, as it will give a platform to them to start their venture and in future they may achieve recognition globally. The important question which arises in one person company is that at the time of incorporation of a company, it has to provide details of the nominee who shall take command of the ownership of the office when original member will not be in capacity to work in the office. Evolution of NCLT and NCLAT Recommendation of Eradi Committee: The history of setting of National tribunals can be traced from the recommendations of Eradi committee report[3] on à ¢Ã¢â€š ¬Ã‹Å"insolvency lawà ¢Ã¢â€š ¬Ã¢â€ž ¢. The department of companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s affair constituted a committee under Justice V. Balakrishna Eradi to examine, draft and recommend amendments in the companies act. The committee recommended an introduction of a separate constitutional amendment bill for setting up of the national tribunal. The report suggested amendments to part VII of the companies act, 1956 to include provisions for setting up of national tribunals that would have jurisdiction that was exercised by the company law tribunal by the 1956 act. Further the power to rehabilitation and revival of companies which is entrusted to BIFR and AAIFR under the sick industrial companies act and the power, jurisdiction of winding up of companies was given to court should be given to the NCLT along with pending winding up proceedings, hence NCLT helped in c reating a platform whereby the entire process of revival, reconstruction, amalgamation and winding up of sick companies came under one roof.[4] The paper will discuss various cases that have helped in the formation of NCLT and NCLAT and shaping it to the form in which it is today. Thiru. R. Gandhi vs Union of India[5] In the above case questions pertaining to the constitutionality of the NCLT were challenged in the madras bar. The issues raised were a) Growing tribunalization of justice by composition of more and more tribunals would lead to erosion of judicial independence and will ultimately lead to trivialization of justice. b) The company law tribunal that came into existence through companies (amendment) act 1988 will be abolished and its powers would be vested with the NCLT after the amending act of 2002 comes in force. The parliament has power to create NCLT and NCLAT under Entry 43 and 44 of List I. Following were the provisions of the tribunal that were proposed by the central government through the amendment act of 2002: Members: The tribunal would consist of the president and members belonging to the judicial and technical streams that are deemed fit by the central government, by notification in the official gazette provided that such person is not above sixty two years of a ge. Benches of tribunal: The president of the tribunal has the power to transfer case, during the hearing of case if it appears to him that the case is of such a nature that it ought to be transferred to a bench consisting of two members. The president would have the power to form special bench compromising of three or more members for the purpose of disposing of cases in areas of rehabilitation, restructuring and winding up of company. There shall be a principal bench in New Delhi in addition to other benches which shall be presided by the president of the tribunal. Order of the tribunal: A) after hearing the case from both the sides, adhering to the principle of natural justice, the tribunal can pass the judgment as it thinks fits. B) The tribunal within two years of passing its judgment can amend the order with the view to rectify its order. C) The tribunal has to send a copy of the order passed to each party concerned. The tribunal is also granted with the power to r eview its orders. Appellate Tribunal A person/party aggrieved by the order of the tribunal can appeal to the appellate tribunal provided that the appeal should be with 45 days of which the copy of order made by the tribunal is received by the appellate. The appellate tribunal shall consist of a chairperson and not more than two members appointed by the central government for the purpose of hearing appeals. The chairperson should be a Judge of the Supreme Court or the chief justice of a high court. Appeal to the Supreme Court: a person aggrieved by the decision of the appellate tribunal can appeal to the supreme court of India within sixty days of communication of the order of the tribunal to him. The Supreme Court in the case of Associated Cement Companies Ltd. vs. P.N.Sharma [6] observed that tribunals are there to entrust them with special matters and questions, one thing that is similar between a tribunal and a court is that both are created by the state and are en trusted with judicial instead of executive and administrative power. They are there to settle disputes between the parties and offer a resolution. Article 323A of the constitution provides for the creation of administrative tribunal and further 323-B enables appropriate legislature by law for trials by tribunals on disputes, complaints. A bare perusal of the aforesaid provisions does not leave an iota of doubt on the legislative competence of the parliament for the creation of special courts and tribunals. The arguments provided by the opposite side questioned the qualifications, tenure, competence, independence and suitability of the members of the tribunal as no article corresponds to the tribunal (except articles 136 and 227 which only provide for appeal to the supreme court with leave and judicial review of the orders of the tribunal by the high courts) further it is not clear whether the jurisdiction of the tribunals is substitute to the court or subordinate to it. Federa l spirit is enshrined in our constitution with provisions of separation of powers where each organ is independent from the other organ, the constitution has inscribed for an independent and impartial judiciary. In L.Chandra Kumar vs. Union of India[7] it is laid down that the power of the judicial review over the legislative action is vested with the high court under article 226 and article 32 is an integral part of the constitution and constitutes the part of the basic structure. Hence the formations of tribunals in a way is interference with this power. The main contention was that if the parliament is not stopped at the right time then it would lead to horrendous results as the temptation to resist power is too much and the parliament is growing its roots into the judiciary deeper and deeper The court held that part of the companies (amendment ) Act, 2002 that have been found defective and the breach of the constitutional scheme of separation of power and independence of judiciary are amended it would be unconstitutional to create a tribunal or an appellate tribunal to exercise jurisdiction now exercised by the high courts or the company law tribunal. The following case provided for the first time a rough draft for the tribunal and suggested its lacunas and the path that it has to follow, some of the provisions of the tribunal were volatile of the constitution and were in a contravention to the basic structure of the constitution. The above case was appealed in the Supreme Court by the Union of India to challenge the impugned order of the madras high court and decide the constitutionality of the National Company Law Tribunal and National Company Law Appellate Tribunal. Madras Bar Association vs Union of India Anr[8] The issues in the following case were: Constitutionality of national tax tribunal. Constitutionality of section 46 of the Constitution (Forty- second Amendment) Act, 1976[9] and Article 323B of Constitution of India. Noncompliance of tribunals with normal rules of evidence as contained in Evidence act. It was put forward that the above section was ultra vires the basic structure of the constitution as it encourages the growth of tribunal systems that lead to interference in the judiciary and further create a parallel system of administration of justice as it takes away power of review from the high court. The Indian legal system follows the golden rule of innocent until proven guilty, this rule is established with the help of evidence act, tribunals are not bound by these strict rules and they follow their own summary procedures and its members are also not legally trained. However the apex court held that since National Company Law Tribunal does not involve article 323 B and its roots are derived from entries in list I and III hence there is no challenge to this article. Highlights of changes between the Companies Act 2013 and Companies act 1956 In the new act the term of the president who is a High Court Judges for atleast 5 years but the same was not defined in the for the High court be appointed as a president. The criteria for appointing the judicial member and technical member is also changed and NCLAT will have both members but not more than 11 while in old act only 2 members were there. The new act also provide office of president to the serving supreme court judges or chief justice of high court but in the old act only retired judges of either Supreme court or High Court was appointed as the chairman of National Company Law Appellate Tribunal In the new act the time period of disposal of cases is also defined is 3 months while this was not there in the old act of 1956. [1] 2(62) of the Companies Act, 2013. [2]3(1) (c) of the Companies Act, 2013. [3] Justice Eradi Committee on Law Relating to Insolvency of Companies (March 30, 2014), https://pib.nic.in/focus/foyr2000/foaug2000/eradi2000.html [4] Richa Mishra, Eradi panel proposals on insolvency law Core Group to examine changes in Cos Act, The Hindu, September 3, 2000. https://www.hindu.com/businessline/2000/09/03/stories/14031801.htm [5] Thiru. R. Gandhi v. Union of India (2004) 120CompCas510 (Mad). [6] Associated Cement Companies Ltd. vs. P.N.Sharma, (1965) AIR SC 1595. [7] L.Chandra Kumar vs. Union of India, (1997) 3 S.C.C 261. [8]Madras Bar Association vs Union Of India Anr (2010) 2CompLJ 640(SC). [9]The Constitution (forty-second amendment) Act, 1976 (March 30, 2014), https://www.constitution.org/cons/india/tamnd42.htm.

Sir Gawain and The Green Knight Essay - 1342 Words

Sir Gawain and The Green Knight In literature, insights into characters, places, and events are often communicated to the reader through the use of imagery within the text. Thus is the case with Sir Gawain and the Green Knight. The Pearl Poets use of imagery runs rampant within the work culminating to set forth the theme of mysticism and/or the supernatural. In this Medieval romance, the types of imagery used are that of the season or climate, the colors and textures of fabrics and jewelry, and that of the introduction of the Green Knight himself. The seasons play a major role in the development of the plot, allowing action to skip several months at a time by simply mentioning the turning of the leaves. The thematic imagery†¦show more content†¦The fog near the Green Knights demolished chapel can also be described as a change in atmosphere which leads to some mystical or magical emotions. The attires of the characters do not match up to these atmospheric conditions when it comes down the supernatural. If anything they can be said to have an unrealistic or inflated view of medieval life. The narrative opens with a holiday feast in King Arthurs court. The richness of this setting is represented by the decorations surrounding Queen Guenevere described in lines 76-80. With costly silk curtains, a canopy over, / Of Toulouse and Turkestan tapestries rich / All broidered and bordered with the best gems / Ever brought into Britain, with bright pennies / to pay. These lines also symbolize the queens role in the poem of a stately symbol of chivalric Camelot and as a female ideal. In this setting women are all around, but Guenevere is positioned above them and is surrounded by expensive, beautiful things. She is clearly made superior. Gawain, Arthurs knight who takes the Green Knights challenge, is portrayed in different lights as the story progresses. Descriptions of fabric and clothing are integral to this portrayal. When he is departing Camelot to find the Green Knight, Gawain is depic ted as a virtuous, chivalrous knight bravely facing his fate. His clothing, therefore, is red, symbolizing courage, and bears a gold pentangle, a symbol ofShow MoreRelatedSir Gawain And The Green Knight1359 Words   |  6 PagesIn the poem â€Å"Sir Gawain and The Green Knight,† a protagonist emerges depicting an Arthurian knight named Sir Gawain. Sir Gawain, King Arthur’s nephew, takes initiative by accepting the challenge requested by the Green Knight in place of his uncle. He undergoes a perilous adventure, seeking for the Green Knight to receive the final blow. Although Sir Gawain is not viewed as a hero for his military accomplishments, he is, however, viewed as a heroic figure by the Knights at the Round Table for hisRead MoreSir Gawain And The Green Knight862 Words   |  4 PagesIn Sir Gawain and the Green Knight, by an unknown author referred to as the â€Å"Pearl Poet,† we are introduced to Sir Gawain. Gawain is a knight of the Round Table and he is also the nephew of King Arthur. As a knight, Gawain is expected to possess and abide by many chivalrous facets. Throughout the poem he portrays many of the qualities a knight should possess, such as bravery, courtesy, and honor among others. Because of his ability to possess these virtues even when tempted to stray away from themRead MoreSir Gawain and the Green Knight1100 Words   |  5 PagesThe poem of Sir Gawain and the Green Knight compares a super natural creature to nature. The mystery of the poem is ironic to the anonymous author. The story dates back into the fourteenth century, but no one knows who originally wrote the poem. This unknown author explains in the poem of Sir Gawain not knowing of the location of the Green Chapel and or who the Green Knight really is. This keeps the reader entertained with the suspicion of not knowing. The author then does not give his name orRead MoreSir Gawain And The Green Knight Essay1687 Words   |  7 PagesSir Gawain and the Green Knight contains ambiguity and irony that make it interesting to read and teach. Gawain’s conflict arose when he accepted the girdle that could protect him and when he lied to his host, severing fellowship with the lord for courtesy with the lady. By utilizing a social reconstructionist philosophy of teaching that emphasizes personal beliefs and ethics, a teacher will help the students establish their identities and learn to appreciate classic literature. Sir Gawain and theRead MoreSir Gawain And The Green Knight1514 Words   |  7 PagesSir Gawain and the Green Knight is an epic poem written in the mid to late fourteenth century by an unknown author. Throughout the tale, Sir Gawain, a Knight at the Round Table in Camelot, is presented with many hardships, the first being a challenge on Christmas by a man in which, â€Å"Everything about him was an elegant green† (161). This â€Å"Green Knight† challenged someone in Camelot to accept his game which they will cho p off his head with his axe and the Green Knight will do the same to the playerRead MoreSir Gawain And The Green Knight1335 Words   |  6 PagesSir Gawain: The Ironic Knight Sir Gawain and the Green Knight is a tale of the utmost irony in which Sir Gawain, the most loyal and courteous of all of King Arthur’s knights, fails utterly to be loyal and courteous to his king, his host, his vows, and his God. In each case, Sir Gawain not only fails to perform well, but performs particularly poorly, especially in the case of his relationship with God. Ultimately, Sir Gawain chooses magic over faith, and by doing so, shows his ironic nature as aRead MoreSir Gawain And The Green Knight906 Words   |  4 Pagesusually the latter. In Sir Gawain and the Green Knight we see Sir Bertilak go off to hunt three very specific animals as a game with Sir Gawain. They agree that â€Å"what ever [Bertilak catches] in the wood shall become [Sir Gawain’s], and what ever mishap comes [Sir Gawain’s] way will be given to [Bertilak] in exchange.† (Sir Gawain†¦, ln 1105-1007). In this deal we slowly see Gawain loose his honor as paralleled with Sir B ertilak’s hunt. The first animal that is hunted by the knight is a deer, while thisRead MoreSir Gawain And The Green Knight Essay1521 Words   |  7 PagesFall 16 Donnelly Many years ago, knights were expected to form a certain type of relationship with their king, this relationship was otherwise known as fealty. Fealty is a knight’s sworn loyalty to their king (in other words a loyal relationship should be formed between the two). The use of this relationship is shown in the poem called â€Å"Sir Gawain and the Green Knight† ( the author is unknown). This poem has a classic quest type of formula, with a knight receiving a challenge and then going outRead MoreSir Gawain And The Green Knight1455 Words   |  6 PagesHowever, for Gawain in Sir Gawain and the Green Knight temptation existed around every corner while he was playing the game of the Green Knight. Temptation existed every day and each day it existed in a new way. Gawain never knew what was coming his way throughout the grand scheme of the game, but one thing was for certain he was being tested. Without his reliance religious faith and dedication to his reputation, Gawain wo uld not have been able to make it through the game of the Green Knight alive andRead MoreSir Gawain And The Green Knight Essay1020 Words   |  5 PagesBoth Sir Gawain, from â€Å"Sir Gawain and the Green Knight† translated by Marie Borroff, and Beowulf, from Beowulf translated by Burton Raffel, serve as heroes in different times of Medieval English Literature. Many of the basic principles that describe heroes in Medieval Literature are seen in both of these characters even though they were written in different times. There are distinct similarities, differences, and also a progression of what the hero was in English literature, between Sir Gawain and

Hkhkhk Free Essays

Topic:4Saving and Investment Definition and Kinds of Investment; Autonomous and Induced etc. Determinants of investment. Present Value Criteria for Investment. We will write a custom essay sample on Hkhkhk or any similar topic only for you Order Now Investment Demand and Output Growth. Tobin’s Q-Theory. Lags in Investment Demand. Derivation of IS-curve, Shape of IS-curve. Volatility of Investment. Investment Demand and Fiscal Policy. Shifts in Investment Demand Curve and output determination. Topic:5 Money Market: The Demand and Supply of Money Money Demand and its Determinants, Regressive Expectation Model. Portfolio Balance Approach, Empirical Estimation of Income and Interest Elasticities. Supply of Money, Determinants of Money Supply. Measurement of Money Supply and its implications, Instruments of Monetary Policy. Interest Sensitivity of Money Supply. Quantity Theory of Money and its Critical Review. Fischer effect, Money, Prices and Inflation. Derivation of LM Curve and its Slope. LM Curve and Money Market Equilibrium. Interaction of IS-LM and Equilibrium. Topic:6. Aggregate Demand, Supply and Stabilization Policy Keynesian Models: Liquidity Trap. Effectiveness of Policy and Price Rigidity. Slope of Aggregate Supply and Demand Curves. Liquidity Trap. Grand Aggregate Demand Curve. Interaction of IS-LM and Determination of output: Short-run and Long-run analysis: Aggregate Demand and Supply and their Slopes. Slope of IS-LM in Short-run and Long-run. Vertical / Horizontal Shapes of these Curves. Classical and Keynesian Models. Shocks to Aggregate Demand and Supply and Stabilization Policy. Supply Side Economics. Stagflation and Stabilization Policies, Shocks to IS-LM and its Outcomes and Policy Implications. Short-run – Long-run Philip Curves. Long-run and Vertical Aggregate Supply Curve. Ineffectiveness of Keynesian Policies, Technical Change and Shift in Vertical Aggregate Supply Curve. Part B: Topic:7. Open Economy and Macroeconomic Stabilization Exchange Rates and their Determinants: Mundell – Fleming Model (MFM): Small open Economy with perfect Capital Mobility. IS-LM: Goods and Money Market. Small Open Economy, Floating Exchange Rate and Fiscal Policy. Fixed Exchange Rate and Fiscal Policy. Flexible and Managed Exchange Rates. Monetary Policy, Devaluation and Recovery from great depression. Trade Policy: Mundell-Fleming Model (MFM) with changing Price Level. MFM and large open Economy. Depreciation and its impacts. Income Absorption Approach and exchange Adjustment and Balance of Payment. Topic:8. Labor Market, Price Expectation and Unemployment Demand and Supply of Labour, Equilibrium in the Labour Market. The Sticky Wage Model, Insider-Outsider Models. The Workers – Misperception Model, The Imperfect – Information Model, The Sticky Price Model. Rational Expectation (RE), Adaptive Expectations, RE and Painless Disflation, Hysteresis and challenge to Natural rate Hypothesis. Topic:9. Macroeconomic Policy Debate Policy Actions: Active or Passive, Ignorance, Expectations and the Lucas Critique. Conduct of Policy: Rule vs. Discretion, Distrust of Policy makers and Political Process. Macroeconomics Policy: Rules for Fiscal Policy, making Policy in uncertain World. Seignorage and Inflation: What can Policy Accomplish? Monetarists vs. Activists debate. Phillips Curve: Short run and Long run analysis. The expectation augmented Phillips Curve. Money Inclusion and output. Short Run and Long Run Adjustment. Perfect Foresight and Adjustment. Topic:10. Government Debt and Budget Deficit The size of Government Debt, Measurement Problem: Inflation, Capital Assets, Business Cycle etc. Ricardian view of Debt: Ricardian Equivalence, Consumers and Future Taxes. Tax shooting, Delayed Stabilization, Ricardo and Ricardian Equivalence and Debate. Model of Debt Crises. Topic:11. Economic Fluctuation and Its Sources The Theory of Real Business Cycles: Interpretation: Labor Market, Technology Shocks. Household Behaviour, the persistence of output Fluctuations. Limitations of the Model. The Challenges:What we know and what we don’t know? Long-run and Country’s Capacity to Produce. Short-run and influence of Aggregate Demand. Random Walk Model. What Determines Inflation Rate, Unemployment Rate and Output Growth? Can we revise Natural Rate of Output? Should we stabilize the Economy? The cost of Inflation? The problem of Budget Deficit? Topic:12. Long-Term Growth and Full Employment †¢ Basic Neo-Classical Growth Model and Equilibrium Capital / Output Ratio, Wage – Profit Relative Shares. †¢ Neo-Classical Model with Technical Progress: ? Capital Embodied Technical Progress. ? Neutral Disembodied Technical Progress. ? Labor-Augmenting Disembodied Technical Progress. †¢ Kaldor Saving Function and Neoclassical Production Function. †¢ Golden Rule and Optimal Growth Models. †¢ New Growth Theory / Endogenous Growth. Recommended Books: 1. Branson, William H. , (1979), Macroeconomic Theory and Policy, Harper and Row Publishers, New York / London. 2. Branson, William H. , and Litvack James M. , Macroeconomics*, (Latest Edition), Princeton University. 3. Glahe, Fred R. , (Latest Edition), Macroeconomics, Theory and Policy, Harcourt Brace Jovanovich Inc. 5. Mankiw, Gregory N. , (2000) Macroeconomics*, Worth Publishers, New York. 6. Peel D. and Minfow P. , (2002). Advance Macroeconomics, Edward Elgar, Cheltenham, U. K. 7. Romer, David, (2001). Advanced Macroeconomics*, McGraw Hills, New York / London. 8. Sargent, Thomas J. (1988) Rational Expectations and Inflation*, Harper and Raw Publishers, New York / London. 9. Rosalind Leveic and Alexander Reborens, Macro-economics: An Introduction to Keynesian Neo-Classical Controversies; Macmillan (Latest edition). 10. Denison, Edward F. 1985. Trends in American Economic Growth, 1929-1982. Washington: The Brookings Institution. *Strongly Recommended Additional Reading Material / Res earch Papers: 1. Ball, Laurence, Mankiw, N. Gregory, and Romer, David. 1988. â€Å"The New Keynesian Economics and the Output-Inflation Tradeoff. † Brookings Papers on Economic Activity, No. , 1-65, Reprinted in Mankiw and Romer (1991). 2. Barro, Robert J. 1976. â€Å"Rational Expectations and the Role of Monetary Policy. † Journal of Monetary Economics 2 (January): 1-32. 3. Barro, Robert J. 1989. â€Å"Interest-Rate Targeting. † Journal of Monetary Economics 23 (January): 3-30. 4. Barro, Robert, J. , and Gordon, David B. 1983b. â€Å"Rules, Discretion and Reputation in a Model of Monetary Policy. † Journal of Monetary Economics 12 (July): 101-121. Reprinted in Persson and Tabellini (1994). 5. Bernheim, B. Douglas. 1987, â€Å"Ricardian Equivalence: An Evaluation of Theory and Evidence. NBER Macroeconomics Annual 2: 263-304. 6. Blanchard, Olivier J. 1984. â€Å"The Lucas Critique and the Volcker Deflation. † American Economic Review 74 (May): 211- 215. 7. Fischer, Stanley. 1993. â€Å"The Role of Macroeconomic Factors in Growth. † Journal of Monetary Economics 32 (December): 485-512. 8. Friedman, Milton, 1968. â€Å"The Role of Monetary Policy†. American Economic Review 58 (March): 1-17. 9. Genberg, Hans. 1978. â€Å"Purchasing Power Parity under Fixed and Flexible Exchange Rates. † Journal of International Economics 8 (May): 247-276. 10. Long, John B. , and Plosser, Charles I. 983. â€Å"Real Business Cycles. † Journal of Political Economy 91 (February): 39-69. 11. Mankiv, G. , N. (1990), A quick Refresher Course in Macroeconomics, Journal of Economic Literature, Vol. XXVIII, 1645-60. 12. Romer, Christina D. 1999. â€Å"Changes in Business Cycles: Evidence and Explanations. † Journal of Economic Perspectives 13 (spring): 23-44. 13. Romer, Paul M. 1990. â€Å"Endogenous Technological Change. † Journal of Political Economy 1998 (October, Part 2): S71-S102. Paper 3. MATHEMATICAL ECONOMI CS Topic 1:The Nature of Mathematical Economics Ingredients of mathematical models. Derivations: Equation of a straight line and its forms: Two point, intercept, point slope and slop intercept. Types of functions: constant, polynomial, rational, non-algebraic. Relationships and functions. Indices their rules. Functions of more than two independent variables. Logarithms the rules of logarithms. Topic 2:Equilibrium Analysis in Economics A linear partial equilibrium market model. The effect of an excise tax in a competitive market. Non linear market model. General Market Equilibrium. Equilibrium in a linear National Income Model. Topic 3:Linear Models and Matrix Algebra Theory of matrix multiplication. Laws of matrix operations. Types of matrices: Square, identity, null, idempotent, diagonal, transpose and their properties. Conditions for non singularity of a matrix. Minors and cofactors. Determinant its properties. Solution of linear equations through Gaussian method, Cramer’s rule and Inverse of a matrix method. Properties of inverse of a matrix. Use of matrix approach in market national income models. Topic 4:Input-Output Analysis Input-output model, its structure and its derivation. The use of input output model in Economics. Topic 5:Differentiation Rules of differentiation. Differentiation of a function of one variable. Sum-difference, product, quotient, chain, power, inverse, logarithmic exponential functions Combinations of rules. Higher order derivatives. Economic applications of derivative. Concept of maxima minima, elasticity and point of inflection. Profit revenue maximization under perfect competition, under monopoly. Maximizing excise tax revenue in monopolistic competitive market, Minimization of cost etc. Topic 6:Partial Total Differentiation Partial differentiation its rules. Higher order cross partial derivatives (young’s theorem). Total differential total derivatives. Implicit functions rule of differentiation. Optimizing cubic functions their economic application. Topic 7:Economic Applications of Partial Total Differentiation Comparative static analysis: a linear Partial equilibrium market model, a linear National Income model. Partial elasticities. Production functions Analysis. Maximization Minimization of unconstrained functions their economic applications: Profit maximization by a multi-product firm under perfect Competition monopoly, Price discrimination, Multi-plant monopoly, input decisions etc. Topic 8:Optimization: Constrained Extrema Free and constrained optimization, extrema of a function of two variables: graphical analysis, Lagrange method. Utility maximization Cost minimization. Homogenous Production function, Cobb Douglas Production function. Jaccobian determinants. CES Production Function. Translof Function. Topic 9:Linear Programming Ingredients of linear Programming. Graphical approach, simplex method, economic application of linear programming. Concept of primal dual. Duality theorems. Solving of Primal via dual. Economic interpretation of a dual. Recommended Books: 1. Chiang, A. C. , Fundamental Methods of Mathematical Economics, McGraw Hills, (Latest Edition). 2. Baumol W. J. , Economic Dynamics, Macmillan, (Latest edition). 3. Budnick, Frank, Applied Mathematics for Business, Economics and Social Sciences. 4. Dowling E. T. , Mathematics for economists, Schum Series (latest edition). 5. Weber E. Jean, Mathematical Analysis, Business and Economic Applications (Latest Edition) Harper and Row Publishers, New York. Paper 4. STATISTICS FOR ECONOMISTS Topic 1:Introduction Descriptive and inferential statistics; Variable and constant, population and sample, parameter and statistic; The four basic activities in statistics: Designing a plan for data collection, Exploring the data, Estimating an unknown quantity, Hypothesis testing; Type of measurement scales: Nominal, Ordinal, Interval and Ratio; Types of data: Univariate, Bivariate and Multivariate data, Primary and secondary data, Quantitative data and qualitative data, Time series, Cross-sectional and pooled data; Significant digits and rounding off numbers; Errors: Biased and unbiased. Topic 2:Presentation of Data and Measure of Central Tendency Introduction; Classification; Tabulating numerical data: The frequency distribution, The cumulative frequency distribution, The relative frequency distribution, The percentage frequency distribution; Graphic and diagrammatic representation: Bar chart, Pie chart, Histograms, Frequency curves and Histo-grams; Histograms by Hand: Stem-and-leaf. Measure of central tendency; Introduction; Types of Averages: Mean: Arithmetic mean, Geometric mean, Harmonic mean, Trimmed mean and Winsorized mean; Quintiles: Median, Quartiles, Deciles, Percentiles; The mode; Box plot and detailed box plot; Empirical relation between Mean, Median and Mode; The cumulative distribution function: Finding the percentile ranking for a given number, Finding the percentile for a given percentage; Summary measures and type of data. Topic 3:Measures of Dispersion, Skewness and Kurtosis Absolute and relative measure of dispersion; Different measures of dispersion: The Range, Quartile deviation, Mean deviation, Variance and standard deviation: Definition and interpretation of variance and standard deviation, Computation of variance and standard deviation, Step deviation method or coding method, Coefficient of variation, Standardized variable, Properties of standard deviation and variance; Skewness: Karl Pearson’s coefficient of skewness, Bowley’s coefficient of skewness; Kurtosis. Topic 4:Probability and Probability Distribution A survey of probability concepts: Classical probability, Empirical concept, Subjective probability; Some rules of probability: Rules of addition, Rules of multiplication; Tree diagrams; Conditional Probability, Bayes Theorem; Counting rules: The multiplication formula, The permutation formula, The combination formula. Discrete probability distribution, Random variables, Discrete random variable, Continuous random variable; The mean, variance and standard deviation of a probability distribution; Binomial probability distribution, and its computation. Cumulative probability distributions, Properties of Binomial probability distribution. The normal probability distributions: Properties of normal distribution, Applications of the standard normal distribution, Areas under the normal curve, Finding areas under the normal curve; The normal approximation to the binomial; Continuity correction factor. Topic 5:Survey Sampling and Sampling Distributions Sampling the population, Advantages of sampling, Representative samples, Sample design and sample survey, Sampling frame, Probability and non-probability sampling, Sampling with and without replacement, Sampling and non-sampling error, sampling bias; Probability sampling and non-probability sampling methods; Sampling distribution of the mean; The central limit theorem; Sampling distribution of differences between means; Sampling distribution of sample proportion; Sampling distribution of differences between proportions. Topic 6:Estimation and Confidence Intervals Point estimates and confidence intervals; Estimation by confidence interval: Confidence interval estimate of a population mean (Known Variance), Confidence interval estimate of a population mean (Unknown Variance) Confidence interval for differences of means, Confidence interval for differences of means; Confidence interval for population proportion, Confidence interval for differences between proportions; One sided confidence interval; Sample size for estimating population mean. Topic 7:Hypothesis Testing One sample test of hypothesis; One Sample; One tail and two tails tests of significance; Testing for a population mean with a known population standard deviation: Two-tailed test, one-tailed test; P-Value in hypothesis testing; Testing for a population mean: Large sample, Population standard deviation unknown; Testing hypotheses about population proportion when sample size is large; Type II error. Testing of two Sample Hypothesis: Population means, Population proportions; comparing populations with small samples. Topic 8:Chi Square Applications Introduction; Goodness-of-fit test: Equal expected frequencies; Goodness-of-fit test: Unequal expected frequencies; Limitations of Chi  square; Using the goodness-of-fit test to test for normality; Contingency Table Analysis. Topic 9:Analysis of Variance Introduction, The F distribution; Comparing two population variances; ANOVA assumptions; ANOVA test; Inferences about pairs of treatment means; Two-way analysis of variance. Topic 10:Simple Linear Regression and Correlation Analysis Scatter diagram; Standard methods for obtaining regression line: (i) Inspection, (ii) Semi average, (iii) Least squares principle; Assumptions underlying linear regression; Measures of variation: Standard error of the estimate, Coefficient of determination; Prediction in Regression Analysis; Interpolation verses extrapolation; Correlation analysis; Scatter diagram; The coefficient of correlation: Properties/characteristic of coefficient of correlation, Correlation and causation; The relationship among the correlation coefficient, the coefficient of determination and the standard error of estimate; Inference about the slope and correlation coefficient; t-test for the slope, F- test for the slope, t-test for correlation coefficient; Estimation of the mean values and predication of individual values; Confidence interval and predication interval estimate; Rank correlation. Topic 11:Multiple Linear Regression and Correlation Analysis Multiple linear regression model, Interpretation of partial regression coefficients; Estimation of multiple linear regression model with two explanatory variables by using Least squares principle, Matrix approach, Deviation form; Pitfalls and problems in multiple regression: Multicollinearity, Variable selection, Model misspecification; Multiple standard error of estimate; Coefficient of multiple determination (adjusted and unadjusted); Evaluating the regression equation: Using a scatter diagram, Correlation matrix, Global test, Individual variable significance test, Qualitative independent variables; Multiple regressions in terms of linear correlation coefficients; Multiple correlation and partial correlation; Nonlinear regression models; Dealing with nonlinear relationship and unequal variability. Topic 12:Applied Statistics Index Numbers, Un-weighted index numbers; Simple aggregative index; Weighted indexes; Laspeyre’s price index, Paaseche’s price index, Marshal- Ed geworth price index; Fisher’s ideal index; Consumer Price Index (CPI), Producer Price Index (PPI), CPI versus GDP Deflator; Issues in constructing and using index numbers; Application of index numbers to business and economics. An overview of time series analysis; Component Factors of the classical multiplication time series model and their estimation: Secular trend; Cyclical variation, Seasonal variation, Irregular variation; Smoothing the annual time series and using it in forecasting: Moving averages, Weighted moving averages, Exponential smoothing; Using trend and seasonal component in forecasting; Time series and forecasting; The multiplicative model, Calculating the seasonal indexes, De-seasonalization the time series, Using deseasonalized time series to identify trend, Seasonal adjustments, Model based on monthly data, Cyclical component; Modeling cyclic behavior using box-Jenkins ARIMA processes; Using regression analysis in forecasting; Qualitative approach to forecasting: Delphi method, Expert judgment, Scenario writing, Intuitive approaches; Choosing an appropriate forecasting model; Some observations on time series analysis. Recommended Text books: 1. Lind, Douglas A. , Marshal, William G. and M ason, Robert D. , Statistical Techniques in Business and Economics (11th edition). Boston: McGraw Hill, 2003. 2. Chaudhry, Sher Mohammad and Kamal, Shahid, Introduction to Statistical Theory (7th edition). Lahore: Ilmi Kitab Khana, 2002. 3. Siegel, Andrew F. , Practical Business Statistics (5th edition). Boston: McGraw Hill, 2003. 4. Newbold, Paul, Carlson, William L. and Thorne, Betty M, Statistics for Business and Economics (5th edition). New Jersey: Prentice Hall, 2002. 5. Keller, Gerald and Warrack, Brian, Statistics for Management and Economics (5th edition). Boston: Duxbury Thomson Learning, 2000. Additional Readings: 1. Berenson, Mark L. , Levine, David M. and Krehbiel, Timothy C. , Basic Business Statistics: Concepts and Applications (9th edition). New Jersay: Prentice Hall, 2004. 2. Barron, Michael M. Statistics for Economics Accounting and Business Studies (Latest Edition), New York, Prentice Hall. 3. Carlson, William L. and Thorne, Betty, Applied Statistical Methods for Business Economics and Social Sciences (Latest edition). New Jersey: Prentice Hall. 4. Moore, David S. , The Basic Practice of Statistics (2nd edition). New York: Freeman,2000. Paper 5. ISLAMIC ECONOMICS Note: The instructor concerned may assign additional and latest literature on the subject matter. The references provided at the end of the course are just helping literature. Students must consult additional literature on each topic. Topic 1:Introduction: Islamic Economics i) Nature, and Importance of Islamic Economics. Islamic Economics Versus Economics of Secular Economy and Mixed Economic System. ii) Brief Introduction of Basic Values of Islam; Taqva, Halal and Haram, Justice, Benevolence, Equality, Brotherhood and Cooperation as Determinants of Economic Behaviour and Policies. Topic 2:Major Economic Thoughts: Contribution of Scholars Contribution of some Earlier Muslim Scholars in the Development of Islamic Economics (Imam Abu Yousuf, Imam Abu Ubaid Al Qasim,, Ibn-e-Khaldoon, Imam Ibn-e-Taimiah, Shah Waliullah Dehlvi, Baqar-al-Sadar). Topic 3:Islamic Economic System Silent features of Islamic Economic System; objectives, Economic Freedom, Property and Ownership Rights. The Concept of Equality and Efficiency. The Relative Importance of Capital and Labour. Priority to Basic Needs. Concepts of Ownerships and Implication. Welfare and income Distribution. Comparison of Islamic Economic System with Capitalism and Socialism, with respect to above cited principles / values of Islam. Topic 4:Microeconomics in Islamic Framework The Consumer Behaviour in Islam. Utility, Moderation, optional Consumption Behaviour. Organization of Production and Behavioural Theories of Firms. Objectives and Behaviour of Firm in Islamic Economy. Business Ethics in Production and Marketing. Hoarding and Gains. Market Structure – Monopoly and Competition, Resource Allocation in Islamic Environment and Cartels. Concepts of Fair Trade. Stockists / Wholesales, determination of Prices and Rate of Normal Profit / Meeting of Losses. Price Mechanism and State Role in Regulation of Markets. Topic 5:The Modes of Financing In Islam Modarba and Musharka Types of Bai. (Bai-Salam, Bai Muajjal, Morabaha. ) Saving and Investment in Islam. Investment of Savings for Gains. Topic 6:Distribution in Islamic Economy Islamic Stress on Circulating of Wealth. Steps against Concentration of Wealth. Social Justice in Islam. Rights of Labour, Distributive Justice Use of Land and Other Natural Resources and their Rewards. Role of State in Distribution of Wealth. Topic 7:Some Basic Macroeconomic Concepts Consumption, saving and Investment Functions in Islamic Environment. Determents of Islamic Consumption Function, Concept to Help others, Welfare and Religious believes. Zakat and Usher. Topic 8:Demand and Supply of Money and Banking Gold Money, Paper Money and Credit Money. Western Justification of interest. Islamic Concept of Riba, its Implications and Alternatives. Functions of Commercial Banks in Islamic Framework. Central Banking and Monetary Policy in Islamic Framework. Central Banking and Monetary Policy in Islam. Inflation Vs. Design of Capital Market. Monetary Policy in an Islamic Framework. Topic 9:Zakat, Social Justice and State Meaning of Zakat, Nisab, Introductory Hints about items of Zakat. Distributive Role of Zakat and Social Justice. Zakat as a tool in Fiscal Policy. Economic Role of Islamic State. Welfare consumption and limits. Revenue and Expenditure Items in Modern Islamic States. Beneficiaries of Zakat. The Tax Policy of Islam. Nature and Scope of Fiscal Policy in Islamic State (Taxation Policy). Expenditure Principles. Burden of Taxes. Topic 10:Economic Planning and Development Concepts and Objectives of Economic Development in Islam. Resources for Development. Nature of Economic Planning in Islam. Topic 11:The Islamisation Process In Pakistan The Islamisation of Banks. Implementation of Zakat / Usher in Pakistan. A brief Survey of Changes in Economic Structure and Conditions Since the Holy Prophet (regarding Transport / communication, Business Forms, Production of Goods, Money and Banking). Topic 12:New Emerging Issues and Challenges Current Situation and Proposed Changes. Islamic View of International Economic Institutions and Modes of International Cooperation. Islamic View of Globalization. Quality Identification of Goods, Merits and Trade. Fair Prices Vs. Market Price etc. Books Recommended: Basic Texts: 1. Islamic Economics: Theory and Practice, A Comparatice Study, M. A. Mannan, Cambridge, Hodder and Stoughton, 1986 (or latest ed. ) 2. Islamic Economics: Dar A. H M.. Akram Ilmi Kitab Khana, Lahore (latest ed. 3. Macro Consumption Function in an Islamic Economic Framework, M. Fahim Khan, International Centre for Research In Islamic Economics, King Abdual Aziz Univ, KSA. References: 1. Ahmad, Khurshid, (latest edition), Fiscal Policy and Revenue Allocation in Islam, International Islamic University, Islamabad. 2. Anf A. Q. Mannan M. A. (1995), Developing a System of Financial Instruments IRTI, Islamic Development Bank, Jeddah. 3. Badawi, Imam Abu Abaid Al-Qasim Muhammad A. Zaki, Kitab ul Amwal: , Zakat and Social Justice, Islamic Council of Europe, London, 1979. 4. Chapra T M. , The Economic System of Islam, University of Karachi, 1991. 5. Chapra, Umer, Monetary Policy in an Islamic Economy, in Money and Banking in Islam, Institute of Policy Studies, Islamabad. 6. Ghazanfar S. M. , (2003), Medieval Islamic Economic Thoughts, Routledge Publishers. 7. Khan M. Fahim, (1995), Human Resource Mobilization Through the Profit, Loss Sharing Based Financial System, IRTI, Islamic Development Bank Jeddah. 8. Khan, Tariq ullah, (1996), Practice and Performance of Mudarba, A case study of Pakistan, IRTI, Islamic Development Bank, Jeddah. 9. Khurshid, Ahmad, Elimination of Riba: Institute of Policy Studies, Islamabad. 10. Mahdi, M. Ahmad, (1995), Islamic Banking Modes for House Building Finance, IRTI, Islamic Development Bank, Jeddah. 11. Mannan M. A, (1996), Financing Development in Islam, IRTI, Islamic Development Bank, Jeddah. 12. Naqvi Syed Nawab Hyder Ethics and Economics: . Leicester, The Islamic Foundation. 1981. 13. Nomani, Farhad Rehnuma. , Ali, Islamic Economic Systems: – Zed Books Ltd. , London, 1994. 14. Nuti, D. Haris, (1995), The Economics of Participation, IRTI, Islamic Development Bank, Jeddah. 15. Siddiqui, M. N. , Muslim Economic Thinking, Leicester, The Islamic Foundation. 1985. 16. Tago, Usman, Justice: Introduction to Islamic Finance, (2000), Idara-tul- ma’arif edition. 17. Yusaf , Imam Abu, Kita bur Kharaj, Lahore, Islamic Book Centre, 1979. Paper 6. MAJOR ISSUES IN PAKISTAN ECONOMY Topic 1:Overview of Pakistan Economy Development Experience, Approaches, Policies and Outcomes. Identification of Issues: The era of 1950’s, 1960’s, 1970’s, 1980’s 1990’s and 2000’s. Structural Change and Sources of Growth. Emergence of Economic Issues, Human Resource Development, Unemployment, Poverty, Income Distribution, Debt, Deficit etc. Growth with limited development in Pakistan. Topic 2:Development Planning and Resource Mobilization Agricultural Development Policies and Priorities, Major Targets of Develop Plans and Emerging Issues; Neglects and Successes: Mobilization of Domestic Resources; Shortages, Deficits and Role of Foreign Aid. Agricultural Vs. Industrial Development Debate. Agricultural Adequacy. Topic 3:Agriculture and Industrial Development: Emerging Issues Pattern of Agricultural and Industrial Development, Land Reforms and Its Impacts, the Role of Green Revolution and its Impacts: Present Status. Agricultural Price Policy and Income Tax. Sectoral Terms of Trade. Industrial Development Policies and Strategies. Development of Large and Small Industries. Value Added: Manufacturing Goods Vs. Primary Goods Production. Agriculture Vs. Industry: Development Debate. Topic 4:Sectoral Development, Employment Pattern and Unemployment Sectoral Priorities and Development Issues. Human Resource Development and Emerging Issues: Population Growth, Labor Force Participation Rate and Employment Pattern, Unemployment and Underemployment, Forecasting Manpower Needs and Employment. Strategies to combat unemployment. Criteria to Measure Unemployment / Underemployment: Time Criterion, Productivity Criterion and New Index of Unemployment: Application to Pakistan and Empirical Evidences. Good Goverence, Social Action Plan and its Impact. Role of Institution in Development. Social Sectors development Vs. High Retun Sectors: Growth trade off. Topic 5:International Debt and Dependency Concepts of Foreign Aid and Debt. Borrowing Vs. Domestic Reserve Mobilization (failure). Size of Foreign Debt, Debt Saving and its Impacts. Strategies to combat with High Debt: Saving Policy, Foreign Trade Promotion, Cutting non-development Expenditures, Rescheduling and its Impacts. Debt Management in Pakistan and Its Impacts. Debt Modeling and Future Implications. Topic 6:Poverty and Income Distribution Pattern of Income Distribution: Rural and Urban. Definitions and Approaches to Measure Poverty: Income Approach, Expenditure Approach, Basic Needs Approach, Poverty of Participatory Index (POPI). How to Combat Poverty; Growth Strategy, Basic Needs, Labor Intensive Investment: Education / Training etc. and Social Action Plan (SAP) , its Role and Critical Review, Evasion of Policies / Strategies to Combat Poverty and Improving Income Distribution: Critical Evaluation. Neglect of Human Resource Development. Child Labor. Factors Productivity Issues. Topic 7:Inflation, Foreign Trade Deficit and Emerging Issues Sources of Inflation in Pakistan. Policies to Combat Inflation and their Impacts. Trade Performance, Instability and its Impacts. Policies to Combat Deficit and Trade Instability. WTO and Its Impacts. Reforms and Further Needs. Expected Impacts of WTO and Challenges. Terms of Trade Issues, Market Access and Health Related Rates. Recommended Books: 1. Aslam M. , Perspective on Development Planning In Pakistan, Allied Book Centre, Lahore, 2001-2002. 2. Chaudhary M. Aslam and Ahmad Eatzaz: Globalization, WTO and Trade Liberalization in Pakistan, FerozSons, Lahore (2004). 3. Chaudhary M. Aslam, Human Resource Development and Management in Pakistan, Ferozsons, Lahore (1989). 4. Ishrat Hussain, Pakistan: The Economy at the Gross Roads – Past Policies and Present Imperatives, Oxford Univ. Press, Karachi, 1988. 5. Khan, Shahrukh R. , 50 Years of Pakistan’s Economy – Traditional Topics and Contemporary Concerns. Oxford Univ. Press, Karachi (2000). 6. Mahbool-ul-Haq Centre for Human Development (MHCHD), Poverty Profile of Pakistan, (1989) Oxford University Press. 7. ————– Human Development In South Asia, Annual Report. 8. Saeed, Khawaja Amjad, The Economy of Pakistan, Karachi: Oxford University Press, 2004. 9. Zaidi, Akbar, (1999), Issues in Pakistan Economy, Oxford Univ. , Press, Karachi. 10. World Development Reports, World Bank. (Note:Teacher(s) must assign latest research papers pertaining to each topic) M. A. Part II Paper 1. INTERNATIONAL TRADE THEORY AND FINANCE A)International Trade Theory Topic1. Importance and Bases of Trade Why Study International Economics? The Changing World and Interdependence: Basis of Trade, Gains from Trade. Absolute Advantage, Comparative Advantage, Overview of Comparative Advantage and Pattern of Trade. Offer Curves and Free Trade Equilibrium. Disagreements on Free Trade: Overview of Emergency of International Trade Issues. The Elasticity of Exports Demand and Balance of Payment. Substitution and Income Effects, Impacts of Rise in Exports Demand. Topic 2. Growth and Trade International Trade and Shift in Production Function, Immerizing Growth, Output Growth and Terms of Trade (T. O. T) / Deterioration: Uniform Growth at given T. O. T. The Transfer Problem: Marshall Plan and Transfers, Transfer of Resources: Neutral Case. Topic 3. Technology and Factor Endowment Ricardian Trade Model, World Production and Gains. Comparative Cost and Trade Pattern. National and World Gains from Trade. International Wage differentials and Productivity. Technical Progress and International Gains. WTO and Gains from Technical Progress: Impacts on Prices. Equilibrium Production and Consumption: Non-traded and Tradeables, Costs, Marginal Physical Product and Production Possibilities. Production Possibilities with Diminishing Returns, Increasing Opportunity Cost. Free Trade and Income Distribution, Relative Demand, Supply and Pattern of Trade. Dutch Disease and its application. Topic 4. Factor Endowment and Heckscher – Ohlin Theory Output and Factors Rewards in 2*2 Model. Factor Intensity Comparison. Heckscher- Ohlin (H. O) Model, The Role of Demand, Factor’s Prices and Commodity Prices, Factor Price Equalization, and Factor Intensity Reversal. Newly Industrializing Countries (NIC’s) and Footloose Production Process. NIC’s and H. O Theorem. The Product Cycle, Critical Analysis of Traditional Trade Theories. Rypecksy Theorem and its critical review. Topic 5. Markets, Cartels and International Trade Monopoly and Import Competition, Export Opportunities. Product Differentiation and Monopolistic Competition. Dumping / Discrimination and WTO, Competitiveness and Market Share, Gains from Migration. WTO and Factor’s Movements and the Commodity Movement. Multinationals Firms and Foreign Direct Investment, Transfer of Capital, Technology, Skill and other Gains, Transfer of Resources and Transfer Problem. Topic 6. Tariff, Quota and Trade Policies Tariff and Small Country: Effects of Tariff, Price and Demand for Imports, Welfare impacts. Impacts of Tariff on Government Revenue, T. O. T Production and Welfare. Impact of Tariff on Domestic and World Welfare. The Optimal Tariff. Tariff and Distribution of Income. Brief Introduction of Tariff and WTO Laws, Tariff and Second Best Choice, Subsidies and Quota, Voluntary Quota, Growth with Protection vs. Free Trade Gains and WTO. Managed Trade, Quantitative Restrictions, Voluntary Export Restrictions and Their Impacts. Trade Diversion and Preferential Arrangements. WTO: Injury, Anti-dumping Duties, Tariff and B. O. P Support. Success and Failure of WTO Agenda. B)International Monetary Economics and Finance Topic 7. Foreign Exchange Market and Exchange Rate Determination Foreign Exchange Rates (F. E. R): What it represents? Real, Nominal and Effective Rates. Determinants of Foreign Exchange Rate. Efficient F. E. R Market. Dynamic Theory of Interest and Exchange Rate. The Theory of Spot Exchange Rate Determination. Capital Flow and Speculations. Forward Exchange Market, Interest Arbitrage, Interest Parity Theory, Speculators, Hedgers and Traders, Forward Exchange Rate Policy. Topic 8. Purchasing Power Parity, Exchange Rates and Balance of Payments (B. O. P) Purchasing Power Parity (PPP): Non-Trade Goods, Balance of Payment Effect. Test of Exchange Rate Instability. Impacts of F. E. R. Rate Instability. B. O. P: Income Absorption Approach to B. O. P. Elasticities of Exports and Imports and Impact on B. O. P. The Marshall- Larner Conditions. Monetary Approach to B. O. P. Monetarist Critique to the Keynesian Closed Economy Model. B. O. P. Effects of Stabilization Policies. Empirical Tests of Monetary Approach to the B. O. P. WTO and B. O. P Support. Adjustment with Short-run capital Flow. Methods dealing with undesired Short-run Capital Flow. Topic 9. Open Economy: Monetary and Fiscal Policy Monetary and Fiscal Policies: Internal and External Balance. Monetary and Fiscal Policy with Fixed Exchange Rates. Problems of Small Country: Fixed Exchange Rate, Free Floating Exchange Rate, Managed Exchange Rate and Critical Review of The Fiscal – Monetary Mix Models. Fiscal Policy and Temporary Payment Imbalances. Monetary Policy and Permanent Payments Imbalances, A Random Walk Model of Payment Imbalances. Critical Review of the Modern Theory and Adjustment Mechanism. Topic 10. International Institution: Trade, Capital and B. O. P. Introduction of International Institutions, Role and Major Activities of IMF. IMF Credit Facilities. Loan Mechanism, Value of SDRs. The Optimum Quantity of Reserves, Optimum Interest Rate. Euro-Dollar, Dollar Exchange and Impacts. Role of IMF in B. O. P Support and Stabilization. Topic 11. International Movements of Factors and Welfare: Impacts / Issues Facts on International Capital Flow: ASEAN Crisis and Role of International Institution and Criticism. Motive for Capital Movement: Return and Risk Diversification. Why disagreement on International Movement of Labour? Welfare Impacts of Labour Movements. Factors of Production and Price Equalization Issues. Losses of National Sovereignty. Can Developing Countries Compete and Gain from Trade: Terms of Trade due to Demand Pattern and its Impacts. What Counts for wage Differential Between Primary Goods Producer and Value Added Goods Producer, Competitiveness Issue. WTO: GATT and Emergency of WTO. Why necessary to Join WTO? WTO: Expected Impacts on Trade, Liberalization and B. O. P; Special Status of Developing Countries and Net Food Importing Countries. Protections under WTO Rules. Are Free Trade Gains more than Restricted Trade? Gains for whom; how much and how long? Centre-Periphery Theory. WTO Rules: Sanitary, Phytosanitary, Dumping, Anti-Dumping etc Rules and Emerging New Issues and Their Impacts. Topic 12. Major Contemporary International Economic Issues: WTO: GATT and Emergency of WTO. Why necessary to Join WTO? WTO: Major Trade Rules and Their Expected Impacts on Trade, B. O. P Deficit. WTO and Fair Trade / Free Trade. Free Trade will it be? Issue of â€Å"Are Free Trade Gains more than Restricted Trade†? Emerging Regional Trading, Blocks, Special Preference and their Impacts. Issues relating to the Contributions of International Financial Institutions and Their Evaluations. Is there need to Reform International Institutions? Monetary Integration and Their Impacts. Terms of Trade Issue. International Debt Problem, Growth and Competitiveness. Issues of Developing Countries: Level of Development, Competitiveness and Trade Stability: World Income Distribution and Free Trade. Basic Readings: 1. Caves Richard, E. , and Jones Ronald W. , World Trade and Payments: An Introduction, Latest Editions. Little, Brown and Company, Boston, Toronto. 2. Chacholiades, Miltiades, International Trade Theory and Policy (Latest Edition). McGraw Hill Book Company, New York, London. 3. Donomick Sal Vatore B. , International Economics (Latest Edition), Prentice Hall. 4. Grubel Herbert C. , International Economics, (Latest Edition) Richard D. Irwin Inc. , Honewood, Illinois. 5. Peter Holinder Thomas A. , Pugel. , International Economics. 9th Edition 1996. 6. Sodersten B. and Geoffry Read. , (1994). International Economics, MacMillan Press Ltd. 7. The Global Competitiveness, Report 1999, World Economic Forum, Oxford University Press, Oxford, New York. 8. World Bank. World Development Report, 1986. Oxford University Press. Additional Readings: 1. Baldwin Robert L. and Richardson David J. , (1986). International Trade and Finance, Little Brown and Company, Boston, Toronto. 2. Moran Theodore H. , (1985). Multinational Corporations: The Political Economy of Foreign Direct Investment. Lexington Books. Toronto, Massachusetts. 3. Krugman and Obstfeld, International Economics: Theory and Policy, Addison Willey (1998). Paper 2. ECONOMETRICS: THEORY AND APPLICATIONS Topic 1:Introduction Definition and scope of econometrics, Econometric models vs. Statistical models Ingredients of econometric modeling Specification, estimation, verification or evaluation and forecasting. Topic 2:The Classical Linear Regression Model (a)The Simple Linear Regression Model (SLRM) Estimation of SLRM by Ordinary Least Squares (OLS) Interpretation of Estimated Coefficients and their Economic Meanings. (b)The Multiple Linear Regression Model (MLRM) Estimation of MLR model by OLS and its assumptions Interpretation of estimated coefficients and their economic meanings, Computation of elasticities and standardized coefficients Using R2 as a measure of ‘Goodness of Fit’ and some roblems with its use. (c)The General Linear Regression Model (GLRM) Estimation of GLRM by OLS through Matrix Approach Var-Cov matrix of estimated coefficients. (d)Evaluating an Estimated Linear Regression Model Testing the significance of individual coefficients. Testing the significance of the model as a whole. Topic : 3 Multicollinearety What is Multicollinearety? Distinction between perfect Multicollinearety and less than perfect Multicollinearety (Multicollinearety problem). Consequences of Multicollinearety problem, methods for detection of Multicollinearety problem. Remedial measures for Multicollinearety problem. Topic: 4 Heteroskedasticity What is Heteroskedasticity and what are its causes? Consequences of Heteroskedasticity for OLS estimation. Methods for detection of Heteroskedasticity. Remedial measures for Heteroskedasticity. Topic: 5 Autocorrelation What is Autocorrelation and its Causes? Consequences of Autocorrelation for OLS estimation. Methods for detection of Autocorrelation. Remedial measures for Autocorrelation. Topic 6:Forecasting with a Single Equation Regression Model What is forecasting and what are its various types? Important features of a good forecast. Variance of unconditional forecast error. Variance of conditional forecast error. Measures for evaluating the forecasting power of a model. Topic 7: Errors in Variables, Time as a Variable, Dummy Variables, Grouped Data, Lagged and Distributed-Lag Variables Errors in variables. Time as a variable. Dummy variables. Estimation from grouped data. Exogenous lagged variables. Endogenous lagged variables. Methods of estimation of lagged models. Topic 8: Identification The problems of identification. Implications of the identification state of a model. Formal rules for identification. Identifying restrictions. Tests for identifying restrictions. Identification and Multicollinearity. Topic 9:Simultaneous Equations Models Why Simultaneous Equation Models? Various Types of simultaneous equation Models. The identification problem. Checking the identification state of a model or of a particular equation in the model by Order Condition, bogus equation and reduced from approaches. Identification and methods of estimation. Topic 10:Consistent Estimation of Parameters of Simultaneous Equations Models Indirect Least Square Estimation. Two-stage Least Squares Estimation. Instrumental variables method of estimation. Topic 11:Varying Coefficient Models: Causes of Coefficient Variation. Randomly Varying Coefficient Models. Systematically Varying Coefficient Models. Topic 12:Time Series Econometrics ARIMA Models. Comparison of forecasts based on ARIMA and Regression Models. Unit Roots and Co-integration. Dummy Trap and its detection. Suggested Books: 1. Gujrati, D. Basic Econometrics , 3rd Edition, † McGraw Hill, 1993 2. IntrilligatorEconometric Model, Techniques and Applications, N. J. Printice Hall, 1978 . 3. Johnston, J. Econometric Models, McGraw Hill, 1984 4. Koutsoyiannis, A. Theory of Econometrics, McMillan, 1978 5. Maddala, J. S. Econometrics, McGraw Hill, New York, 1978 6. Wonnacot, R. J. Econometrics, John Wiley, New York Wonnacot, E. 7. Madnani, G. M. KIntroduction to Econometrics Principles and Applications, (Latest Edition) 8. Pindyck Econometric Models Economic Forecasts, 3rd RubenfeldEdition, McGraw Hill Inc. 1992. 9. Maddala, J. Kim Unit Roots, Co-integration and Structural Change, Cambridge University Press, 1998. 10. Griffiths, Judge, The Theory and Practice of Econometrics, John Willey and Sons, Latest edition. Research Articles: 1. Abadir (2002) Notation in Econometrics: a proposal for a standard. Econometric Journal, Vol. 5, issue 1, pages 76-96. 2. Abadir and Jan R. Magnum (1993) OLS Bias in a Nonstationary Autogregression, Econometric Theory, Vol. 9, issue 1, pages 81-93. 3. Don Andrews (2003). A Bias-Reduced Log-Periodogram Regression Estimator for the Long Run, Memory Parameter, Econometrica, 71, (2), 675-712. 4. Gunnar, Bardsen, (1999), Economic theory and econometric dynamics in modeling wages and prices in the United Kingdom, Empirical Economics, 24, (3), 483-507. 5. Joshua, Angrist, (2001), Estimation of Limited Dependent Variable Models with Dummy Endogenous Regressors: Simple strategies for Empirical practice. Journal of Business and Economic Statistics, 19, (1), 2-16. 6. Luc, Bauwens, (1994), Estimating End Use Demand: A Bayesian Approach. Journal of Business and Economic Statistics, 12, (2), 221-31. 7. Manuel, Arellano, (1992), Female Labour Supply and On-the –Job Search: An Empirical Model Estimated Using Complementary Data Sets. Review of Economic Studies, 59, (3), 537-59. 8. Stephen, Roy, Bonal, (1991), Some Tests of specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equation. Review of Economic Studies, 58 (2), 277-97. Paper 3. DEVELOPMENT ECONOMICS: THEORY AND POLICY Note: Students are expected to study latest editions of the recommended books. At least two research papers pertaining to each topic must be comprehended. Each topic must be prepared and analyzed critically. Any aspect of the topics may be asked in the examination. The course content provides a guideline. Students must prepare critical review of topics. Part: A Theoretical Foundations and Sector Specific Issues: Topic: 1 Scope and New Developments Definitions: Economic Development and Growth, Identification of Development variables. Scope and Significance of Development Economics. Characteristics of LDC’s. Measurement of Economic Development and Growth. Per Capita Income approach, Quality of Life Index / HDI etc. Historical overview of world development and emerging major issues pertaining to Less Developed Countries (LDC’s). Why the whole world is not developed? Topic: 2 Major Theories of Development – Classical and Neo-classical Theories, Adam Smith and Competitive Capitalism, Vicious Circle of Poverty, Stages of Economic Growth, Balanced and Unbalanced Growth, Big Push Theory. Dependency Theory, Structuralist’s View Point. Endogenous Growth Theory: New growth Theory. Income Convergence/ Divergence, New Growth Theory. Market Friendly Approach. Topic: 3 Agriculture and Industry Agriculture vs. Industry: Development Debate. Lewis’ Model of surplus Labor. Rains’ Fei Model and its critical review. Transforming Agriculture, Underemployment problem. Role of Agriculture: Market for Industrial Output, Provision of Input, food, Complementarity, productivity growth. Terms of Trade Issue and Subsidies, etc. and Competitiveness. Land Holdings, Green Revolution and it’s Performance. Need for Industrialization. Industrialization and its financing mechanism. Problem of Sectoral Dualism. Why Green Revolution? The Spread of Green Revolution in Pakistan and its Status / Contributions. Topic: 4 Population, Education and Human Capital Demographic Transition, Human Resources as a source of growth and their contributions. Investment in education and returns. Models of Employment Unemployment: Time Criterion, Productivity Criterion and New Index etc. , and Employment generation Strategies/Techniques. Part B: International Development Issues and Debates Topic: 5 International Debt, Aid / Assistance Why international borrowing? Two Gap Model, Aid commitments and disbursement. Sources of borrowing. Debt Cycle Theory/Stages. Debt Burden: Debt Servicing, Debt laffer Curve, Debt buy back etc. Latin American Debt Crises, ASEAN Crises, Debt Problem of LDC’s and South Asia, Debt Overhang and threat to growth. Policies to combat debt problem: Forecasting debt and solution for debt burden, saving mobilization/Domestic resource mobilization, Debt rescheduling etc. Debt Modeling and Forecasting Futur e Implication. Topic: 6 WTO, Liberalization and International Trade Trade vs. Aid. Liberalization of Trade and its impacts/gains etc. , Foreign Exchange Constraints and Balance of Payment deficit. Role of GATT and its Failure. WTO and LDC’s. Trade Instability, Distribution of gains from Trade liberalization. Regional Trade Associations (RTA’s): their role and contributions. Basis for trade and benefits: Gains from Trade: Static and Dynamic Gains. Comparative Advantage, Revealed Comparative Advantage and Competitiveness. Trade as an engine of growth. Product Cycle. Determinants of exports growth. Transfer of Technology: Sources Need. Technology Centered Development and Appropriate technology issue. Topic: 7 Transnational Corporations (TNC’S), FDI and Development Transnational Corporations (TNC’s): Objectives, Role and Contributions, Long term cost of TNC’s. Transfer of Technology: Ways and Means. Global integrated production system: TNC’s and Globalization, Foreign Direct Investment (FDI) and Its Determinants/Role. Foreign Direct Investment (FDI) and TNC’s. Flow of FDI and its contributions. Topic: 8 Poverty and Income Distribution Definitions and Measurement of Poverty/Poverty Line. Poverty concepts/definitions. Absolute Poverty, Relative Poverty, Income approach, Expenditure approach, Basic needs approach, Poverty of Opportunities Index (POPI) and Calorie-based approach etc. Poverty Indicators. Poverty by socio-economic groups. Sources, impacts and policies to combat poverty. Strategies and tools to combat poverty. Growth and Income Inequality in the world. Empirical evidences on poverty. Redistribution with growth. How to combat income inequality. Basic Needs, Social Action Programs and Poverty alleviation. Topic: 9 Environment and Development Model of Environment and Economic Activity. Market Based Approach and Externalities. Deforestation and Renewable Resources, Measuring environment values. Deforestation and Macroeconomic Environment. Industrialization and its environmental cost, Use of Pesticides and Environmental Impacts. Natural resources degradation. Cost of Pollutions/Environmental degradation. International awareness about environment, production and need for Reforms. Economic thoughts and Environment. International Agencies: Environmental concerns and programs. Urbanization and environmental issues. Sustained development, Ecology and economic progress. Topic: 10 Growth Models Harrod-Domer Model, Technical Change and growth Model, Kaldor’s Model of Distribution, Joan Robinson’s Model of capital accumulation, Model of Steady State Growth. Saving-Investment and Golden Rules. Recommended Books: 1. Balasubramanyam V. and Lall, S. (1992, eds), Current Issues in Development Economics. McMillan , London. 2. Chaudhary M. Aslam and Hamid, A. , (1999). Human Resource Development and Management in Pakistan. Ferozsons, Lahore. 3. Chenery H. B. and Srinivasen. Hand Book of Development Economics,* vol. I II, Amsterdam (1988, eds. ). North Holland. 4. Cypher J. M. and Dietz James L. , (2004), The Process of Economic Development, Routledge. Tayl or Francis Group, London/New York. 5. Ghatak Subarta, (2003), Introduction to Development Economics, Routledge, Taylor and Francis Group, London/New York. 6. Herrick B. and Kindleberger C. , (latest eds. ). Economic Development. McMillan, New York. 7. Hirshman A. O. , (1960). Strategy of Economic Development, Yale University, Press. 8. Jones H. G. , An Introduction to Modern Theories of Economic Growth, (Latest Edition), McGraw Hills. 9. Mahboob-ul-Haq Center for Human Development (MHCHD). Human Development in South Asia, Annual Reports, Islamabad. 10. ————- (1999), A Profile of Poverty In Pakistan, (In Collaboration with UNDP). 11. Meier Gerald M. Leading Issues in Economic Development, (Latest Issue), Oxford University Press. 12. Thirlwall, A. P. , (2003), Growth and Development, With Special Reference to Developing Economies 7th edition, Palgrave Publisher. 13. Todaro M. P. , Economic Development in the third World. Latest Edition, Heinemann, Londo n. 14. UNDP, Human Development Reports , Annual Reports. 15. Van Den Berg H. , (2001), Economic Growth and Development,* McGraw Hills. 16. William, Easterly, Growth without Development, A Case Study of Pakistan, World Bank. 17. World Bank, World Development Reports, Annual reports, 1986, 1987, 1990, 1991, 1992, 1994, 1995, 1998/99, 2000/2001 and 2004. 18. Yotopolous Pan A. and Nugent Jeffery B. Economics of Development, Empirical Investigation (Latest Issue). Harper and Row Publishers, London/New York. Paper 4: RESEARCH METHODOLOGY Importance of Research Methodologies. Research techniques in social sciences and their limitations. Theory and basis of research. Empirical and theoretical research. Stages of research process. Identification of problem/issue, data, theory and estimation and related problems. Thinking, Field Research Designs; the process of field research, Exploratory Research, Casual Inference. Methods of communication in survey. Vision survey and communication technique s. Art of asking questions and getting quality information. Preparation of Research Proposal Questionnaire, Sample Design; the Nature of Sampling, Measurement and Scaling; Measurement, Measurement Scales, the Characteristics of Sound Measurement, the Development of Measurement Tools, Scaling, the Nature of Scaling, Response Methods, Scale Construction. Data Collection Methods, Survey Instruments and Field Procedures; Survey Instrument Designs, the Survey Situations, the Instrument Development Process, Questionnaire Development, Field Procedures, Personal Interviewing, Telephone Interviewing, Interviewing by mail, observations. Data collection, Observation, Experimentation and Simulations; Experimentation and Simulation. Choice of Research Technique, Experimental Research Design, Simulation, Observation, Observation Designs. Use of Secondary Data; the Nature of Secondary Data Sources, the Use of Secondary Data, Types of Secondary Data Sources, Statistical Sources, Data Research Procedures, Evaluating Secondary Data. Vision Survey: Interpretation of Replies. Data Presentation and Analysis: Elements of Analysis, Data Preparation, Special Data Problem, Tabulation, Data Presentation, and Data Analysis. Report Writing; the Questions and analysis of Research Proposal. Organization of Research Paper. How to format and Write country Research Report. Executive summary and abstract of a report. Conclusion and its basis. Evaluation of Research Work. The Research Report, Research Report Format, Writing and editing of research Report. Recommended Books: 1. Birchenhall C. and Grout P. , (latest edition), Mathematics for Modern Economics, Herifaq Publishers, New Delhi. 2. Holt, Rinehart and Winston, Holt-Sounders Japan Ltd. Tokyo (Latest edition). 3. Johnson, Glenew Research Methodology for Economists: Philosophy and Practice, McMillan Publishing Co. (Latest edition). 4. Kidder Louise H. , Research Methods in Social Relations. 5. Lambert, P. , (1985) Advanced Mathematics for Economists. Static and Dynamic Optimization, Basil Black Well. 6. Neuman W. Lawrence, (1997) Social Research Methods, Qualitative and Quantitative Approaches, Allyn and Bacon; Boston. 7. Sckaran Business Research Methods 8. Uma, Sekarn, (1992), Research Methods for Business. A Skill Building Approach, John Willey Sons, Inc. 9. Young Pauline V. , (latest edition), Scientific Social Survey and Research, Prentice Hall Inc. 10. Zikmund William, G. , (1994), Business Research Methods, The drydem Press. OPTIONAL PAPERS Paper 5. 1: ADVANCED MATHEMATICAL ECONOMICS Topic 1:Complex Number and Circular Functions Imaginary and Complex Numbers. Complex Roots. Circular Functions. Properties of Sine Cosine functions. Eular Relations. Alternative Representation of Complex Numbers. Topic 2:Integral Calculus Dynamics and Integration. The Nature of Indefinite Integrals, Basic Rules of Integrations Rules of Operation. The Substitution Rule and the Rule of Integration by Parts. Definite Integrals. Major Properties of Definite Integral. A Definite Integral as an Area Under a Curve. Improper Integrals. Economic Applications of Integrals – Finding Total Functions from Marginal Functions, Investment Capital Formation, Present Value of Cash Flow. Present Value of a Perpetual Flow, Domar Growth Model. Topic 3:Differential Equations: Continuous Time: First Order Linear Differential Equations Meaning and Definition; Homogenous non-Homogenous Cases. Solution of First Order Linear Differential Equation with Constant Coefficient Constant Term and its Verification. Economic Application: Dynamics of Market Price. Solution and its Verification of First Order Differential Equation with Variable Coefficient and Variable Term. Exact Differential Equation, its Solution and Verification. Non-linear Differential Equations of the First Order and First Degree. Bernoulli Equation, Separable Variables. The Qualitative Graphic Approach. Concept of Phase Diagram, types of Time Paths and their Dynamic Stability. Economic Application: Solow Growth Model. Topic: 4 Differential Equations: Higher Order Differential Equations Solution and Verification of Second order Linear Differential Equations with Constant Coefficient and Constant term-Distinct Real Roots, Repeated Real Roots and Complex Root Cases. Dynamic Stability of Equilibrium. Economic Applications. A Market Model with Price Expectations. The Interaction of Inflation and Unemployment. Solution of Higher order Differential Equations with Constant Coefficient and Constant Term. Convergence and the Routh Theorem. Topic 5:Difference Equations; Discrete Time: First Order Difference Equations Solution and its Verification of First Order Difference Equations. The Dynamic Stability of Equilibrium. Economic Applications – The Cobweb Model, A Market Model with Inventory. Nonlinear Difference Equations – The Qualitative-Graphic Approach. Phase Diagrams Types of Time Path. A Market with a Price Ceiling. Topic: 6 Higher Order Difference Equations Solution and Verification of Second-Order Linear Difference Equations with Constant Coefficients and Constant Term-Distinct Real Roots, Repeated Real Roots and Complex Roots cases. The Convergence of the Time Path. Economic Applications, Samuelson Multiplier-Acceleration Interaction Model. Inflation and Unemployment in Discrete Time. Higher Order Linear Difference Equations and their Solutions. Convergence and Schur Theorem Again. The Solution of Simultaneous Differential Equations. Topic 7:Non-Linear Programming The Nature of Non Linear Programming Non-Linearities in Economics. Kuhn Tucker Condition. Interpretation of Kuhn Tucker Condition. Kuhn Tucker Sufficiency Theorem: Concave Programming. Arrow Enthoven Sufficiency Theorem: Quasiconcave Programming. Economic Application-Utility Maximization, Least Cost Combination. Solving a Nonlinear Program via the Kuhn-Tucker Conditions. Recommended Books: 1. Chiang A. C. Fundamental Methods of Mathematical Economics McGraw Hill (3rd Edition) 1984. 2. Dowling Edward T. Mathematics for Economics Schaum Series, 1981. 3. Glass Colin J. An introduction to Mathematical Methods in Economics McGraw Hill. 4. Haung David, S. , Introduction to the set of Mathematics in Economic Analysis Graphical Approach, Simplex Method, Economic Application of linear Programming N-Y John Wiley and Sons, latest edition. 5. Hoy M. , Livermois J, Rees R, Stengos T. , Mathematic for Economics, 1996. Addison0Wesley Publishers limited. 6. Weber E. Jean, Mathematical Analysis, Business and Economic Application (latest edition), Harper and Row Publishers, New York. 7. Yamene, Taro, Mathematics for Economists, Prentice Hall, latest edition. Additional Readings: 1. Allen R. G. D. , Mathematical Economics, London, Macmillan English Language Book Society. 2. Edey Peacock, National Income and Social Accounting London, Hutxchinson University Library, 3rd Edition. Paper 5. 2: APPLIED ECONOMICS AND COMPUTER APPLICATION Topic 1:Introduction to Windows 2000 and Ms-Word Operating System, Performance Management, Desktop Management, Printer Management, Internet Explorer, E-mail. MS-Word, using Advanced Formatting Features, Sharing data with Word, Word Macros, Composing Models and Mathematical Equations. Topic 2:PowerPoint and MS-Access (XP) Database Concepts, File Linkages, Data Retrieval, Data Editing / Updating. Data Transferring. Topic 3:SPSS and E-View Menu, Tool Bars, File Linkages, Dialog Boxes. Data Analysis, Analysis of Variance. Simple and Multiple Regression Analysis, Formatting Reports, Creation and Modification of Chart, Line Area and Pie Chart. Output Navigator Printing, Data Editor Printing, Command Syntax Printing. Use of E-view for Model Estimation. Topic 4:Estimation of Production Function Use of Computer, SPSS, E-View to Estimate Production Functions. Cob-Douglas Production Function, Constant Elasticity Production Function etc. Topic 5:Computer Applications: Demand – Supply Equilibrium Estimation of Demand and Supply using E How to cite Hkhkhk, Essay examples