The Values Of Philosophy Essay Example | Topics and Well Written Essays - 1250 words

The Values Of Philosophy - Essay Example paper will analyze the value of Philosophy in several areas such as professional setting, educational world as well as in terms of critical thinking. If one takes a look at the way students study Philosophy, one can not help noticing that this discipline is great when it comes to structuring one’s mind and understanding of the world (Kelly). Indeed, while many think that a philosophy major provides a person with nothing, but a set of abstract knowledge about vague concepts, in reality it prepares one to a better understanding of such crucial areas of life as law, medicine, business or computer science. In other words, if one studies Philosophy, one will be able to analyze the above mentioned sciences easier compared to an ordinary person because of the helpful background that this disciple has provided one with. Another point that should be mentioned is that studying Philosophy also teaches a person how to express oneself in writing properly (Kelly). Indeed, nowadays it may be crucial to write a specific document in manner that would convey a particular message in a concise and clear manner making sure that the recipient will understand everything what the sender wanted to express. With the help of various tools, Philosophy helps a person to learn how to structure writing properly, avoiding simple mistakes that distort the meaning. What is why important is that Philosophy become irreplaceable when it comes to the issue of Business ethics. Indeed, if it had not been for this discipline, people could hardly understand what it is and the entire concept would not have emerged (Marcoux). At the present moment, the idea of Business ethic guides every business and it is virtually impossible to imagine a company that would not pay attention to it. Philosophy provides a person with a necessary set of concepts that make the idea in question understandable and applicable to a concrete situation. Moreover, Philosophy is often engaged when it comes to designing Codes of

Assignment 6 Example | Topics and Well Written Essays - 500 words - 3

6 - Assignment Example These transactions may involve multiple investors and banks. Purchasing power parity states that a unit of any given currency should be able to buy the same amount of goods in all countries. The monetary policies practiced in countries are different. Therefore, different inflation rates are experienced by the countries. Price levels reflect the country’s rate of inflation. In case if the amount of goods that can be bought by spending a unit of dollar in country A is higher than the amount that can be bought in country B, selling such goods from country A to B is profitable. Ideally, arbitrage process occurs until the purchasing power of the currency is equal in both countries. Quantity or quality of the goods and services produced by the country is not changed. Only the amount of money circulating in the economy is increased. The real value of a dollar is now low while the amount of goods and services it can buy is now less. Similarly, the units of yen a dollar can buy in market for foreign currency exchange are also decreased. Supply of market for loanable funds is generated from domestic savings while demand is generated from domestic investments and net capital out flaw. The cost of borrowing from market for loanable funds is denoted by real interest rate (i). Market for loanable funds can be graphically illustrated as below. Supply of market for foreign-currency exchange is generated from net capital out flaw while the demand is generated from net exports. NCO is determined by real interest rate. The cost of purchasing foreign currencies is denoted by real exchange rate (r) as illustrated bellow. These are called twin deficits because the first can trigger the latter. As the government draws money from national savings to fund its expenditures, the cost of borrowing by public is increasing. Therefore, investing in domestic businesses becomes more profitable. Capital is now flowing into the country while decreasing the NCO. Low capital