What Determines the Price and Volume of Houses in Bishops Stortford and What Does the Future Hold :: essays papers

What Determines the Price and Volume of Houses in Bishops Stortford and What Does the Future Hold Introduction The problem that will be investigated in this coursework is the problem of what determines the price and volume of sales of a detached (semi detached, terraced) house or flat in Bishop’s Stortford and what are the prospects for house prices and sales in the future. I am looking into this problem because it will help me personally because I, myself, might need to find a house that I can afford to buy in the future. Theories The economic theories that will help analyse the problem will be the theories of Price, Demand and Supply, Price elasticity of supply, Income elasticity of demand and Cross elasticity of demand. Definitions Price: The cost of a good or service to a buyer. Cross elasticity of demand measures the responsiveness of quantity demanded of one product to the change in price of another product, the exact formula for cross elasticity for product x is: percentage change in quantity demanded of product x percentage change in price of another product Income elasticity of demand measures the responsiveness of quantity demanded to a change in income, the exact formula for income elasticity is: percentage change in quantity demanded percentage change in income Price elasticity of supply is the relationship between change in quantity supplied and a change in price. The exact formula for price elasticity of supply is: percentage change in quantity supplied percentage change in price Demand: The quantity that a buyer is willing and able to buy over a period of time. For normal goods there is an inverse relationship between quantity demanded and the good's own price. Supply: The quantity of a commodity that is offered for sale at a price over a period of time. There is usually a positive relationship between supply and price. See also price elasticity of supply. The diagram below shows a general demand and supply curve. At a price of P3, demand will be Q2 but Q5 will be supplied. The price of P3 is too high for everything produced to be sold. Excess supply will exist (i.e. a situation when supply is greater than demand, leading to an excess of commodities on the market). What Determines the Price and Volume of Houses in Bishops Stortford and What Does the Future Hold :: essays papers What Determines the Price and Volume of Houses in Bishops Stortford and What Does the Future Hold Introduction The problem that will be investigated in this coursework is the problem of what determines the price and volume of sales of a detached (semi detached, terraced) house or flat in Bishop’s Stortford and what are the prospects for house prices and sales in the future. I am looking into this problem because it will help me personally because I, myself, might need to find a house that I can afford to buy in the future. Theories The economic theories that will help analyse the problem will be the theories of Price, Demand and Supply, Price elasticity of supply, Income elasticity of demand and Cross elasticity of demand. Definitions Price: The cost of a good or service to a buyer. Cross elasticity of demand measures the responsiveness of quantity demanded of one product to the change in price of another product, the exact formula for cross elasticity for product x is: percentage change in quantity demanded of product x percentage change in price of another product Income elasticity of demand measures the responsiveness of quantity demanded to a change in income, the exact formula for income elasticity is: percentage change in quantity demanded percentage change in income Price elasticity of supply is the relationship between change in quantity supplied and a change in price. The exact formula for price elasticity of supply is: percentage change in quantity supplied percentage change in price Demand: The quantity that a buyer is willing and able to buy over a period of time. For normal goods there is an inverse relationship between quantity demanded and the good's own price. Supply: The quantity of a commodity that is offered for sale at a price over a period of time. There is usually a positive relationship between supply and price. See also price elasticity of supply. The diagram below shows a general demand and supply curve. At a price of P3, demand will be Q2 but Q5 will be supplied. The price of P3 is too high for everything produced to be sold. Excess supply will exist (i.e. a situation when supply is greater than demand, leading to an excess of commodities on the market).

Truman, Zhdanov, and the Origins of the Cold War

In the West our assumptions about the meaning of the term â€Å"democracy†have not really changed since Truman appealed to Congress for financial aid to assist the democratic government in Greece in 1945. We do not generally disagree that democracy involves â€Å"free institutions, representative government, free elections, guaranties of individual liberty† (Ransom Reader, 150), nor that people should be able to live their lives â€Å"free from coercion† ( ibid, 150). To see the Soviet counter-arguments is a revelation, and in many ways a surprise.Zhdanov’s argument in his â€Å"The Two Camp Policy† speech presents an entirely different view of the world, and of world history, and the assumptions in his account were certain to lead to the irresolvable conflicts which constituted the Cold War.Zhdanov argued that western policy from before the Second World War had always been corrupt and self-serving. The west supported Hitler for a long time because they saw him as â€Å"capable of inflicting a blow on the Soviet Union† (ibid, 158).America only joined the war â€Å"when the issue was already decided† (ibid, 159), thus saving herself casualties and significant loss. The United States, he implies, was driven only by self-interest, and no genuine desire to see freedom prevail in the world.The United States’ Policy after the war was dominated by the need of â€Å"the Wall Street bosses† (ibid, 159) to rebuild profits, and therefore to establish new markets. Foreign policy was therefore â€Å"expansionist and reactionary† (ibid, 159) in order to maintain â€Å"imperialist† influence to ensure markets for capitalist enterprises.Truman’s claim that the defence of the government in Greece was a moral matter, a humanitarian concern to protect â€Å"National integrity against aggressive movements that seek to impose upon them totalitarian regimes† (ibid, 150) was therefore bogus and dishonest.This meant a determination â€Å"to combat socialism and democracy and to support reactionary and antidemocratic profascist regimes and movements everywhere† (ibid, 160). The United States, Zhdanov claimed, was seeking to dominate the world for the sake of capitalist profit, and not for any genuine love of freedom.All true, but perhaps merge quotes a little bit, and in your own words interpret what point he is trying to get at. Why is this such a big deal for Zhdanov? What point is he trying to make about the US and their post-WWII plans? Thus Zhadanov’s notion of democracy begins to emerge.The western model he dismissed as â€Å"bourgeois pseudodemocracy† (ibid, 161). It is an error, he argued, that democracy is characterized by â€Å"a plurality of parties and †¦ an organized opposition† (ibid, 161).This belief involves a misunderstanding of history and of the nature of socialism. â€Å"Capitalists and landlords, antagonistic classes, a nd hence a plurality of parties, have long ceased to exist in the U. S. S. R. † (ibid, 161), and this is an inevitable development in a socialist state. The people are the state, he argued, and therefore the class conflicts which lead in western countries to differences of interests, simply will(did) not occur.The United States’ cynical claim to defend freedom was in fact a defence of â€Å"the bloody dictatorship of the fascist minority† (ibid, 161) over the people of Gerece and Turkey. America itself was marked by â€Å"national and racial oppression, the corruption and the unceremonious abrogation of democratic rights2 (ibid, 161), and the policy of the United States was to â€Å"create a bloc of states† which would be blackmailed into supporting the United States line through the use of economic power, and thus give up their own independence and freedom.What about the other aspect to Zhdanov’s definition of democracy? Particularly in how he dif ferentiates himself (and USSR) from what is wrong about the United States (what makes them un-democratci).According to Zhdanov, The west, and particularly capitalist America, was the enemy of all â€Å"anti-imperialist and democratic† (ibid, 160) nations. Truman’s arguments had at least the realism of moderation. â€Å"No government is perfect† (ibid, 149), he acknowledged, and certainly the newly democratic Greek government was not perfect.Zhdanov’s argument for the one-party system sounds either hopelessly idealistic, or utterly dishonest. The catastrophic purges of the 1930s and later make the claims about freedom very questionable, and suggest, according to Thomson, that â€Å"the nemesis of monolithic parties is self destruction, and the price of absolute power absolute corruption† (Thomson, 721).Stalin was determined to remove all opposition, and concentrated on destroying those who had held rank in the Communist party during the 20s and 30s, men like Zinoviev, Kamenev, Radek, Sokolnikov and Tukhashevsky.Thousand were arrested, in all walks of life, and many went to their deaths, or to long Siberian imprisonment. This hardly supports Zhdanov’s claim that opposition would simply not exist. < If you use this quote, you need to explain it a little further.What are the purges, and how do they negate Zhdanov’s notion of democracy? The Stalinist line, described here by Zhdanov, drove the world into forty years of dangerous confrontation, before the ultimate collapse of the system and its ideology.A corresponding paranoia in the west led to aggressive stand-offs in Europe, where large numbers of NATO troops were stationed in Germany; in the Middle East, where The Arab-Israeli conflict often took the form of war by proxy between east and west; and in South East Asia, where the Korean War and later the Vietnam War were caused partly by the United States’ neurosis about communism. The arming of the Mujahedin in Afghanistan in the 1980s was one of the last policy errors of the Cold War, and one of which we are now suffering some of the unforeseen results.How did the United States contribute to this conflict? Where are some areas in the world where we see this conflict occurring, between the United State’s notion of democaracy and the Soviet Union’s?Works CitedThomson, David. Europe Since Napoleon. Harmondsworth: Penguin, Revised Edition, 1966.Truman, Harry S. , â€Å"The Truman Doctrine† Twentieth Century Civilizations. Ohio: Thomson Custom Publishing, 2003. (3): 149-153.Zhdanov, Andrei A. , â€Å"Cultural Purge† Twentieth Century Civilizations. Ohio: Thomson Custom Publishing, 2003. (3): 159-163.

The City Of Brotherly Love - 996 Words

Philadelphia, the â€Å"City of Brotherly Love†, becomes the setting for a high-profile discrimination case in the movie Philadelphia. A successful lawyer named Andrew â€Å"Andy† Beckett (played by Tom Hanks) is fired from his prestigious law firm, because while being given the documents for his next big case, a senior partner at the law firm notices lesions that are a tell-tale sign of the AID’s virus on his face. It becomes up to Andy to defend his title as a successful lawyer against untrue accusations of his ‘incompetence† (or rather, his AID’s virus) and prove that he was unfairly fired. Andy, being the skilled lawyer that he is, manages to successfully make his case with the help of homophobic lawyer Joe Miller. Philadelphia challenges misconceptions about the gay community and the transmittance of AID’s, homophobia and the idea that the gay community and especially the AID’s community need to be kept oppressed, without equ al rights and protections, as their straight counterparts. Philadelphia shows how difficult it can sometimes be for two separate cultures to mesh together. In this case, the two cultures are not racial or ethnic but social. The main character, as explained in the synopsis above, is gay (micro culture) and the secondary character is slightly homophobic and most definitely straight (macro culture). Andy Beckett (our main character) is in a relationship with a man named Miguel and while it is unclear if the HIV he has contracted is directly related to thisShow MoreRelatedThe Effects Of Drugs On The City Of Brotherly Love1875 Words   |  8 PagesDrugs In My City You ever walk through Philadelphia and see somebody on the corner nodding off as if they were just falling asleep? 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Addiction rates are sky-rocketing, and the newspapers are swamped with obituaries defining deaths by overdose, as â€Å"sudden death†. A couple in Ohio who lost their daughter to a heroin addiction decided to