DB #3 Essay Example | Topics and Well Written Essays - 250 words

DB #3 - Essay Example My vision of higher education is to have a form of education that will be relevant to accomplishment of acts that will not only affect humanity positively but will also create environmental sustainability. In addition, these acts should be morally acceptable and having positive effects on the universe. I do agree with David Orr’s proposition, education is supposed to help us take care of our environment, and understand the importance of knowledge and how to acquire it. In addition, he mentions that knowledge comes with a responsibility of ensuring that it is used constructively and morally. Higher education is a very important component to the learner for several reasons. Firstly, it raises self-awareness by individuals. One is able to identify what they want to achieve and ultimately the type of work they would like to engage with. A number of options are available for an individual intending to engage in higher learning, their choices will definitely reflect on the type of work environment that they will get to. Secondly, higher education provides the learner with a lot of exposure. The learner is able to meet other learners from different backgrounds as well as experienced and witty researchers and lecturers who will challenge them as well as exposing them to additional knowledge. Exposure to specific scholarly works in a particular area of study is also very

Money & Banking - economics 321 Coursework Example | Topics and Well Written Essays - 500 words

Money & Banking - economics 321 - Coursework Example It is in these circumstances wherein the so-called boom emerges. This boom in the financial sector as most crises have demonstrated is typified by a fragility that made much worse by credit and speculation. According to Kindleberger, this leads to a series of events such as how price increases leads to a rush for investment as profit opportunities loom large. This is an event that feeds upon itself: the opportunities that promise profit would bring in a new wave of investors and that the positive feedback that is perceived in the process and the outpour of investment increases further profit, which then encourages further investments. He then explained how this leads to what Minsky called as euphoria and when the speculation variable is thrown in, it finally results in overtrading, which aggravate the fragility of the situation. As speculation and overtrading bring in more investors, the probability of crashes increases as speculation for profit drives the ‘manias’ or â €˜bubbles’.† During the feverish economic activity driven by speculative boom, a point is identified to emerge wherein prices start to level and uncertainty start to creep in. This situation, in Kindleberger’s theory creates a period of financial distress, which finally launches a steady downward spiral: There is an inevitable burst as the market started the race to withdraw. In the event of a rush to liquidate, the bubble bursts and further panic ensues. The problem will reach crisis proportions as financial institutions fail, prices decline and the number of bankruptcies spike. This stage, according to Kindleberger, is called revulsion when panic finally seizes the economic system, which is aggravated by liquidity, which, though orderly at times, can actually degenerate and spin out of control, feeding the panic further in the process. The Kindleberger’s revulsion of concept is more popularly known in the nineteenth century as â€Å"discredit.† There are other variables