Definitions and Concepts in Economics Studies

Definitions and Concepts in Economics Studies Task 1 a. Definition of economic. Economics is a social science researches the production and consumption of goods and the transfer of wealth in human society. Economics explains human behavior as a relationship between ends and scarce means which have alternative uses. Therefore, economics is the study of trade-offs when selecting between alternative sets of decisions involved. (Study Economics 101, 2014) Purpose of its activities. The main purpose of economic activity is the production of goods and services to satisfy consumer’s needs and wants. To meet the needs of the people to use both as a way of life but also to meet their ever-growing demand for a better lifestyle or standard of living. (Norsafiah, 2012) Economic problems. The basic economic problem is about scarcity and choice since there are only a limited amount of resources available to produce the unlimited amount of goods and services which human, people wants and needs. Because of scarcity, various economic decisions must be made to allocate resources efficiently. (Norsafiah, 2012) Definition: Needs: Needs are the things we must possess in order to survive food, water, and clothing. (Norsafiah, 2012) Wants: Things that human would like to have in order to improve the status in life. Having limited resources leads to why we encounter this problem. (Norsafiah, 2012) Scarcity: Resulting from the lack of availability in resources, from people’s insatiable wants, or from a combination of the two. (Norsafiah, 2012) Choice: Resources are scarce and most of our wants are extensive, a choice has to be made about how to use scarce resources in the best way. Based on the choice, the highest-value option will be forgone and this is called ‘opportunity cost’. (Norsafiah, 2012) Example of economic problem nowadays: i. Land Land includes all natural resources such as water, soil, natural oil and metal ores. (Norsafiah, 2012) Natural resources are either renewable or non-renewable depending on whether or not they replenish naturally. Natural resources are materials and components can be found within the environment. Every man-made product is composed of natural resources. Due to increasing scarcity but also because the exportation of natural resources is the basis for many economies. (Norsafiah, 2012) ii. Labor Labor includes all physical and mental effort such as construction labour import from Bangladesh, Myanmar and Vietnam to occupy the emptied position to do the labour work. Since, the local tend to choose blue collar job that has more stable income and less risk compare to construction labour work. (Norsafiah, 2012) iii. Capital Capital includes machinery and other items that go into further production such as the latest technologies that needed to use in construction process that only available at other region. In order to use the technologies need to import it and it cost more including the transportation cost , skill labour cost that only few of them knows to operate the technologies and other unexpected cost. (Norsafiah, 2012) iv. Enterprise Enterprise is the art of combining the other three factors in the production process. (Norsafiah, 2012) b. Discuss and outline a comparison between Supply and Demand. Supply Demand Definition The willingness and ability of sellers to produce and offer to sell different quantities of goods at different prices during a specific time period. (Ksamouce, 2014) The willingness and ability of buyers to purchase different quantities of a good at different prices during a specific time period. (Ksamouce, 2014) Laws As the price of good rises, the quantity supplied of the good rises, and as the price of a good falls, the quantity supplied of the good falls. (Ksamouce, 2014) As the price of a good rises, the quantity demanded of the good falls and as the price of a good falls, the quantity demanded of the good rises. (Ksamouce, 2014) Equation Pp =Ss Ss =Dd Theoretical operations As the price increases, other things constants, a producer becomes more willing to supply the good. Price act as signals to existing and potential suppliers about the rewards for producing various goods at higher price attract resources from lower-valued uses. Higher price also increase the producer’s ability to supply the goods. Since, producers face higher marginal cost of production, they must receive a higher price for that output in order to be able to increase the quantity supplied. Substitution Effect When a Price of a good increase, its relative price makes consumers less willing to purchase this good. Income Effect When the prices of a good increases – real income declines – reduces the ability to buy good – decline in quantity demanded Example Sugar factory willing and able to supplied sugar and sell 1000 packet during Hari Raya season at RM 2.50 per packet. P(RM) Supply Qty no(Demand) Mirae demand for comic by saying that she is willing and able to buy 30 comic a month at RM 8 per comic. P(RM) Supply Qty no(Demand) Task 2 â€Å"It is best to think the cost-benefit analysis approach as a way of organizing thought rather than as a substitute for it.’ – Michael Drummond- Cost Analysis Benefit Cost Analysis Benefit estimates and totals up the equivalent money value of the benefits and costs to the community of projects. (Watkins, Valley Alley, ET, 2014) It has been established as a tool for use by the government in making their social and economic decisions. While it also measures costs and benefits to the community of adopting a particular course of action such as constructing a highway. Cost Analysis Benefit a decision making device for evaluating activities that not priced by the market by attempts to stimulate a market result in areas where the market does not operate to establish prices or to quantify and include in estimates of cost and benefits to the client but also the community. (Norsafiah, 2012) Example: Improvements in transportation often involve saving time. The question is how to measure the value of time saved. The value should not be merely what transportation planners think time should be worth or even what peoplesay their time is worth. The value of time should be that which the public reveals their time is worth through choices involving tradeoffs between time and money. (Watkins, Valley Alley, ET, 2014) Task 3 Definition of â€Å"Price Mechanism† by Adam Smith. Adam Smith defines the invisible hand of the price mechanism in which the hidden hand market operates in a competitive market through the pursuit of resources allocated selfish best interest of the community. (Riley, 2012) Theory Price mechanism is a term used to describe the means by which millions of decisions taken by consumers and businesses interact to determine the allocation of scarce resources between competing uses. (Riley, 2012) Theprice mechanism plays three important functionsin a market: Signaling function They adapt to indicate where resources are needed, and where they do not. If prices rise due to high demand from users, this is a signal to the supplier to increase production to meet higher demand. Prices go up and down to reflect scarcities and surpluses. (Riley, 2012) Transmission of preferences Through their choices consumers send information to producers about the changing nature of needs and wants. (Riley, 2012) Rationing function Prices serve to ration scarce resources when market demand exceeds supply. (Riley, 2012) Example RON95 petrol and diesel was increased by 20 sen to MYR2.10 a liter (+ 10.5%) and MYR2.00 per liter (+ 11.1%), effective September 3, 2013 fuel prices were last raised in July / Dec 2010 (5.7 %).The expected impact of this 3 Sep fuel price hike to be small on the earnings of research coverage. Sectors directly impacted would be the building materials which are the steel and cement that consume relatively more gas and electricity than the other sectors. (Maybank IB Research, 2013) Higher diesel prices will lead to higher costs in managing construction machinery or heavy equipment and transportation costs are higher for construction materials. Building material prices could still rise due to the increase in transportation costs. Most contractors have however been associated raw material cost increases in their construction projects. (Maybank IB Research, 2013) Task 4 a. Definition of ‘competition’ in business. Competition in which every seller tries to get what othersellersare looking at the same time:sales,profit, andmarket shareby offering a combination of the best practices of price, quality and service. If market information flows freely, competition plays a regulatory function in the supply and demand balance. (Business Dictionary, 2014) b. Factor affecting the economics of an organization Demand and Supply Demand and supply are the two main factors that affect the working of any business model. Demand is the will and ability of consumers to buy certain commodities, while supply is the ability of the business to provide for the demand. Example, mobile phones embedded with latest technologies introduced in the market, it will have a higher price because of the demand in the market. Prices will continue to rise if the supply does not meet demand. (Buzzle.com, 2014) Economic Growth and Development Economic growth set financial sum society as a whole is showing total income and development of the money invested in long-term channel up gradation. Among all the economic factors, the development is one of the most important, as a business that has to meet the demands of society in terms of a dynamic economy. For example, luxury brands performed well during the economic upturn, more than the companies that produce significant deals. (Buzzle.com, 2014) Income and Employment Important aspect of the economy that affect business operations, is the density of employment and income levels. The per capita income and density of employment determines the rate of demand, density of demand, and also the purchasing power of the people. For example, during the development of the economy, there are jobs that generate income that allows people to have a stronger purchasing power. On the other hand, as the density of employment and income levels dropped in the recession, peoples purchasing power is reduced. (Buzzle.com, 2014) c. Source of finance. Source of finance Example Internal (raised from within the organisation) Owner’s investment Retained profits Sale of stock Sale of fixed assets Debt collection External (raised from an outside source) Bank Loan Bank Overdraft Additional Partners Share Issue Leasing Hire Purchase Mortgage Trade Credit Government Grants Task 5 SP Setia Sdn Bhd has decided to develop massive residential projects in Greater Klang Valley area after considering the factors of rate of return and the cost benefits analysis conducted. a. Definition of financing source Money available for a business to spend in the form of cash, liquid securities and credit. Before going into business, entrepreneurs need to obtain sufficient financial resources to operate efficiently and well enough to encourage success. (Business Dicionary, 2014) Types of sources based on the project Source of finance Use Source of finance Retained profits Retained earnings in the company and not paid to shareholders as dividends. Retained earnings are widely regarded as the source of the most important long-term finance for business. (Aashfield, 2009) Bank Loan This is money borrowed at an agreed rate of interest over a set period of time. This is a medium or long-term source of finance. (Aashfield, 2009) Bank Overdraft This is where the business is allowed to be overdrawn on its account. This means they can still write cheques, even if they do not have enough money in the account. This is a short-term source of finance. (Aashfield, 2009) Additional Partners This is sources of finance suitable for a partnership business. The new partner’s can contribute extra capital. (Aashfield, 2009) Mortgage This is a loan secured by property. Businesses will own the property once the final payment is made. This is a long-term source of finance. (Aashfield, 2009) Government Grants Government organisations such as Invest NI offer grants to businesses, both established and new. Usually certain conditions apply, such as where the business has to locate. (Aashfield, 2009) b. Propose a financing source suitable for the project. Based on the SP Setia Sdn Bhd massive residential projects in Greater Klang Valley area, I propose to use Retained profits, Bank Loan, and Additional Partners as multiple financing sources. The reason I choose to use multiple financing source because this project is massive project and it needed more resource, if just rely on one source is not enough to cover the whole cost of project. (Aashfield, 2009) Firstly, by uses retained profit method SP Setia Sdn Bhd using their internal source, these earnings are readily available to the management and directors dont have to ask outsiders for finance.Retained earnings are cheaper than external equity because the floatation costs, brokerage costs, underwriting commission are other issue expenses are eliminated. Relying on retained earnings eliminates the fear of ownership dilution and loss of control by the existing shareholders. Retained earnings carry positive connotation as compared to equity issue as far as stock market is concerned. (Shenoy, 2012) In addition, applying for a bank loan because they offer a set repayment spread over a period of time which is good for the budget. Therefore, to maintain the project operating cash flow, and making it easier for SP Setia Sdn Bhd to cover unexpected expenses. Thus, SP Setia Sdn Bhd are able to make payments on their loans using the new income earned from businesses grow. (Bolander, 2011) Lastly, use partnering the ability to raise funds may be increased, both because two or more partners may be able to contribute more funds and because borrowing capacity may be greater. Prospective employees may be attracted to the business if given the incentive to become a partner. Partnerships can benefit from a combination of complementary skills of two or more people. Have a broader knowledge, skills and contacts. Partnerships can be cost-effective as each partner specializes in certain aspects of their business. There are opportunities for income splitting, the advantages of particular interest because of the tax savings generated. (Koppel, 2009) In conclusion, I propose on using multiple financing source such as Retained profits, Bank Loan, and Additional Partners to finance the massive residential projects in Greater Klang Valley area since rely on one source is not enough to cover the whole cost of project. Reference [1] What is Economics?, (2014), [Online], Available: from http://www.whatiseconomics.org/ [17 September 2014] [2] Thayer Watkins, Silicon Valley Tornado Alley, (2014), An Introduction to Cost Benefits Analysis, [Online], Available: from www.sjsu.edu/faculty/watkins/cba.htm [17 September 2014] [3] Norsafiah Bt. Norazman, (29 November 2012), Cost Benefits Analysis [17 September 2014] [4] Geoff Riley, (23 September 2012), Functions of the Price Mechanism, [Online], Available: from http://tutor2u.net/economics/revision-notes/as-markets-price-mechanism.html [17 September 2014] [5] Ksamouce, (2014), Macroeconomics Chapter Three, [Online], Available: from http://quizlet.com/12554647/macroeconomics-chapter-three-flash-cards/ [17 September 2014] [6] Business Dictionary, (2014), Competition, [Online], Available: from http://www.businessdictionary.com/definition/competition.html [18 September 2014] [7] Buzzle.com, (2014), Factor affecting the economics of an organization, [Online], Available: from http://www.buzzle.com/articles/economic-factors-affecting-business.html [18 September 2014] [8] Norsafiah Bt. Norazman, (29 November 2012), Scarcity and Choice in Resource Allocation [18 September 2014] [9] Maybank IB Research, (19 September 2013), Subsidy Rationalisation Assessing the Impact On PLCs, [Online], Available: from http://research.maybank-ib.com/pdf/documentrg/Subsidy_rollback_19_Sep_2013_2893.pdf [21 September 2014] [10]Business Dictionary.com, (2014), Financial resources, [Online], Available: from http://www.businessdictionary.com/definition/financial-resources.html [21 September 2014] [11] Dinayak Shenoy,(2012), What is Retained Earning? What are its advantages and disadvantages, [Online], Available: from http://www.publishyourarticles.net/knowledge-hub/economics/what-is-retained-earning-what-are-its-advantages-and-disadvantages.html [21 September 2014] [12] Tom Koppel, (2009), Partnership Advantages and Disadvantages, [Online], Available: from http://www.how-to-start-a-business-guide.com/partnership-advantages.html [21 September 2014] [13] Jarie Bolander, (14 February 2011), The Advantages of a Business Loan, [Online], Available: from http://www.thedailymba.com/2011/02/14/the-advantages-of-a-business-loan/ [21 September 2014] [14] Aashfield, (12 January 2009), Sources of Finance , [Online], Available: from http://www.rewardinglearning.org.uk/common/includes/microsite_doc_link.aspx?docid=9699-1 [21 September 2014]

Depreciation and Useful Life

Buildings, machinery, equipment, furniture, fixtures, computers, outdoor lighting, parking lots, cars, and trucks are examples of assets that will last for more than one year, but will not last indefinitely. Over time, these assets depreciate. Depreciation is defined as a non-cash expense that reduces the value of an asset as a result of physical or functional factors over time. Therefore, the costs of the fixed assets should be recorded as an expense over their useful lives, since they depreciate and must be replaced once the end of their useful life is reached. Physical depreciation factors include wear and tear during use or from being exposed to such things as weather. Functional depreciation factors include obsolescence or changes in customer needs that cause the asset to no longer provide services for which it was intended or needed. When it comes to computing depreciation, there are three factors that determine the depreciation expense for a fixed asset: the asset’s initial cost, expected useful life, and estimated residual value. And there are also three different ways to calculate depreciation: the straight –line method, the units-of-production method, and the double-declining-balance method. The straight-line method of depreciation provides the same amount of depreciation expense for each year of the asset’s useful life, and is known to be the most commonly used method of calculating depreciation. The unit’s-of-production method of depreciation provides the same amount of depreciation expense for each unit of production. Based on what the asset is, the unit’s-of-production method can be expressed in terms of quantity produced, miles, hours, etc. and is often used when the fixed assets in service time or use varies from year to year. The double-declining-balance method of depreciation provides for a declining periodic expense over the expected useful life of the asset. The double-declining-balance method shows a higher depreciation in the first year of the asset’s use, followed by declining depreciation amounts in the years following, which is why this method is also referred to as an accelerated depreciation method. There are several different types of assets that depreciate over time. Depreciation refers to fixed assets, which exist physically, thus making them tangible assets. In some cases, there are assets that do not depreciate. An example of an asset that does not depreciate would be land since it has an unlimited useful life. If land has a limited useful life, as is the case with a quarry, then it is acceptable to depreciate it over its useful life. One example of an asset that would depreciate would be a MacBook Pro laptop. This is an asset that I would use the straight-line method for being that while computers and technology are constantly changing; devices such as MacBook Pro’s seem to consistently hold their value. Let’s say you purchased the MacBook Pro for $2800 with an expected useful life of 5 years and an estimated residual value of $700, according to the straight-line method of depreciation, it would be calculated as: Annual Depreciation = Cost –Residual Value = $2800-$700 = $420. 00 Useful life 5 Another example of an asset that would depreciate over time would be a vehicle. This is an asset that I would use the units-of-production method for being that the usage and mileage may vary from year to year. Let’s say you purchased the vehicle for $59,900 that is expected to have a useful life of 95,000 miles and an estimated residual value of $19,560, and during the year the vehicle was operated 21,000 miles. According to the units-of-production method of depreciation, it would be calculated as: Step 1: Depreciation per Unit = Cost –Residual Value = $59,900 -$19,560 = $0. 42 per mile Total Units of Production 95,000 miles Step2: Depreciation Expense=Depreciation per unit X Total Units of Production Used Depreciation Expense = $0. 42 X 21,000 Miles = $8,820

“Monologue for an Onion” by Suji Kwock Kim

Poetry is a wonderful vehicle for layering meaning through metaphor.   Kim, in â€Å"Monologue for an Onion† uses the simple action of peeling onion as a metaphor for complex and hurtful relationships between people.   She artfully weaves images and meaning between the action and the relationship it stands for. Generally, a metaphor is a comparison between two unlike things.   In this poem, the speaker is represented as an onion, which represents a person who is being victimized by the one who is cutting up the onion, the peeler.   This is the basic metaphor, but the levels go even deeper.   The metaphor is the action of peeling the onion by, presumably, another person.   This other person is the one with whom onion is in a relationship.   The action of the poem depicts the final confrontation in the relationship which ends in the tragic destruction of the onion.   It is as if the peeler, one person, actually consumes the other. First, the onion itself represents a person who is being torn apart or torn down. The first person point of view is that of the onion.   On the surface, the onion is apologizing for making the peeler cry.   Most people will tear up when peeling an onion from the acid it emits.   However, in this case, the onion is making an apology to the peeler for causing this reaction, though it can be interpreted as less than sincere. Like the onion, this first person speaker has several layers of herself that remain, for the most part and by her own choice, hidden from others’ view.   Only those that get close to the onion can get to know her innermost layers.   However, in this poem, the person whom the onion represents is being made to forcibly reveal her innermost layers to the peeler before she is ready.   She accuses the peeler from â€Å"†¦peeling away my body, layer by layer,† (line 3).   The relationship between these two individuals is of utmost importance when analyzing the poem’s presentation of the metaphor. According to the speaker, the peeler is intent on reaching the innermost part of her being.   Onions are composed of many layers and anyone who has peeled them apart layer by layer knows what a lengthy task that is.   The speaker knows what it is that the peeler seeks; â€Å"Poor deluded human:   you seek my heart† (line 6).   The speaker is clearly not ready to reveal her â€Å"secret core† which she claims to be a â€Å"pure union of outside and in† (line 5-6). It should be noted that union and onion differ by only one letter, possible indicating that the speaker feels at one with herself and her being and that the peeler is seeking a union, or oneness, with her by force.   Most people understand the love and pure, truthful emotions is not something that can be forced. This insistence by the peeler, and the references to blades and cutting actions reflect their violent and abusive relationship. The attitude of the peeler is very obviously one of frustration.   He has resorted to â€Å"chopping† and â€Å"slashing† as the poem progresses.   His intent is focused on getting to the core of his partner before she is ready to let him.   Here, the tears are not from the acid of the onion, but from her acidic refusal to let him get close to her. He is the type of individual that won’t take no for an answer.   He wants all of her, immediately, and is willing to resort to violence in order to get it. Though the reasons are not explicitly stated as to why she is not willing to allow him into her heart, her scorn for his attempts are obvious.   Her apology in the opening lines does not seem heartfelt, but rather sarcastic.   After all, would an onion apologize to the one that was tearing it apart?   Probably not.   Therefore, the apology is more than likely bitter.   She wants him to share the pain that she is feeling by his constant probing, by his â€Å"blade of fresh desire† (line 26) by his hunger â€Å"to know where meaning/Lies† (lines 20-21). However, one could also respond that many times the abused person in a relationship is made to feel like the violence was caused by her, that she made her partner anger.   In this case, the onion might have actually apologized in the past, but she is clearly at the end of her proverbial rope now.   She uses insults to refer to him, such as â€Å"poor deluded human† (line 6), â€Å"Idiot† (line 10), and â€Å"poor fool† (line 28).   She is no longer willing to allow this intrusion, this violence.   She says â€Å"Enough is enough† (line 15).   She does this even even if it means her own demise. The attitude of the onion, the speaker, is one of coldness, as if she really were an inanimate object.   Perhaps this pattern has repeated itself to the point that she is immune.   She does not beg or plead for him to stop, but chastises him for seeking something that he will never be able to find.   She calls his search a â€Å"fantasy† (line 12) and him a person who is â€Å"lost in a maze of chambers, blood and love† (line 29).   This is a metaphor within a metaphor because, ironically, she is describing him as a heart, which is exactly what he is seeking from her.   She, however, has tired of his senseless, emotionally draining, and possibly even violent demands for her entire being.   She offers herself up as a sacrifice, a martyr even, but never lets him into her core. The two individuals for which the peeling an onion metaphor are unique.   The onion is a person who has many aspects to herself, many of which she simply reserves for herself. She does not delude herself that true love or perfection exists.   She comments that â€Å"You must not grieve that the world is glimpsed/Through veils.   How else can it be seen?†Ã‚   (lines 16-17), meaning that everyone looks at others through their own glasses.   Their sight will different based upon those glasses or veils.   She understands this and refuses to give in to a society which is demanding that she be an open book. The partner, lover, in this poem does believe in these fantasies and is insisting that the speaker conform to this belief as well.   All the while he is violently attempting to plunder her soul, he is weeping.   Why?   The speaker surmises that he is weeping because he realizes deep down that his quest will be futile.   She offers that â€Å"ruin and tears your only signs of progress† (line 14-15).   All he has of her heart after his savage attack is â€Å"onion juice/Yellow peels, my stinging shreds† (lines 21-22) which are not signs of love and union, even though the peeler may rather have the onion’s â€Å"blood’ rather than nothing. The peeler, then, is really the one in pieces, not the onion.   The onion knows who she is and is secure in herself.   The peeler is the one â€Å"divided at the heart† (line 28).   She accuses him of forcing love, of not understanding love, and of not being true to himself, if he knows how to be true to himself:   â€Å"You are the one/In pieces.   Whatever you meant to love, in meaning to /You changed yourself: you are not who you are† (line 23-24). This poem creates a metaphor which compares peeling an onion to the destruction of a relationship between two individuals.   One of them is secret and the other demanding.   This combination can never last.   In the poem, the end is violent, ending with the â€Å"death† of the onion.   Sadly, all too many relationships end up this way.   Kim brilliantly uses this metaphor to portray the destructiveness of this type of relationship.   

Essay on Comparative Analysis of Art - 1087 Words

Art History Professor November 2012 Throughout history art has served as a preservation and representation of the time in which they were made. During the Ancient Greek period art was not only mare naturalistic and humanistic but also became directly affected by the events going around. Both the Marble Statue of an Old Woman and the Marble Statue of Aphrodite are sculptures that were made during the Ancient Greek era, they each tell a story of what was going on during that point in time. The Marble Statue of Aphrodite is the eldest of the two sculptures, it was sculpted between the 2nd and 3rd century B .C. During this period Greece was at its peak, the people of Greece had power and wealth. The art made at this time†¦show more content†¦Another reason why the arms have fallen off is because, unlike the major societies before them, Greeks believed in humanistic art. Societies before the Greeks, such as the Egyptians, used to keep the material between what would be spaces between arms and body and the legs. This form of art was not humanistic not realistic enough for the Greeks so most of their artwork follows the ideals of humanism. Artists would break off the extra material that would remain after the statue was fully sculpted. To further the realistic look of the Aphrodite sculpture the artist, who is unknown at this time, detailed the curves of her body. You can view the lines of her stomach and breasts which are simple and uncomplicated and create an ima ge that looks like a real woman. Greeks continued with the ideas of humanism and realism even as their society aged and changed. Like many great societies before them Greeks hit a climactic point in their era that had people uneasy and artist evolving away from the artistic norms that had been practiced for years; this new era was known as the Hellenistic Period. The Sculpture of an Old Woman is an example of this radical change in art; still loyal to the idea of humanism this sculpture is not of a goddess or soldier, as many arts were based on before, it was of a normal average, everyday elder woman who could have simply been walking down the street. Not only did the artist stray away from the norms of subject matter but theyShow MoreRelatedA Comparative Analysis of Characters in Oh Brother, Where Art Thou?, Homers Iliad and Odyssey and The Alchemist765 Words   |  3 Pagesrepetitive they appear again and again over time in literature, art, music, religion and culture irrespective of the time period of the geogra phical There are numerous examples of these archetypes in recent mythologically based stories. We have the Jedi Knights in Star Wars; the treasure varies from movie to movie; Harry Potter, Frodo Baggins, and many more. 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Introduction to Dissertation Nowadays, Project scheduling plays lot of benefactorRead MoreThe Importance Of Research Program1471 Words   |  6 Pagesresearch course and earning credit with collaborative projects with undergraduates and PhD students through investigation of international law, lobbying, military activity, and banknotes (â€Å"IR 392: Undergraduate Research Program†). Within the college of arts and sciences at USC, undergraduates travel all over the world to perform service, study culture, or engage in a research program for a summer, semester, or even a year (â€Å"Overseas Studies†). Johana Reyes, graduate of USC’s IR program, was able to studyRead MoreWith The Recent Election Being Highly Controversial And1378 Words   |  6 Pagessubject matter between the protest poets of the Harlem Renaissance and rap artists who make political statements provides a documentation of how the protest poets created a pathway for rap artists to make political statements. The research is a comparative analysis compiled of scholarly articles, poems from the protest poets, and lyrics from politically charged songs. Throughout the research it will become evident that protest poetry had created a pathway for rap to become more politically charged and