Lithuanian Economy Essay -- Economy, Low Cost Transactions

Introduction In my research project I will be talking about the history of Lithuanian economy and how it had changed since the country became independent and took a place as a member of a European Union. In my work you will be able to see different points of view of being a citizen of the EU and the problems the countries are facing to get this membership. Lithuania’s membership in the European Union would be impossible without the public assent and support. This support was made most explicit during the referendum on the membership in the European Union on 10-11 May 2003, when 91.07% of those participating (the turnout was 63.37%) approved of Lithuania’s accession to the EU. (Euro 2007) The Lithuanian economy has reached high growth rates in the last decade as it entered the European Union together with other Baltic states. The government went in for a flat tax; the unemployment rates were fairly low until a recent recession began. Lithuania has been changing over from the communist planned economy in the Soviet Union since; it got independence that is 1990. Although Lithuania suffered a lot from U.S.S.R. it still kept a good relationship and nowadays Russia is one of the main traders with Lithuania. However, it faced its own economic and financial crisis in 1999, partly due to the 1998 Russian financial crisis. Since then Lithuania had changed its views towards the European Union; it became a member of EU on 1st May 2004. (Wikipedia, 2009) According to the survey of market participants in January and February 2004, the Lithuanian economy grew rapidly. The financial situation of Lithuanian companies improved and the costs of borrowing declined in 2003. At that time GDP in Lithuania reached over 10%. Economic growt... ...e accurate. As I was doing some research for this project I found that the government did this kind of survey in Lithuania, to find out what was general public opinion before Lithuania became EU member. In 2003 over 91% did the survey and almost 64% agreed with Lithuania going for EU membership. The same survey was repeated few years later. What did not surprise me was that people opinion changed after accession to EU. In the survey done in 2008 over 75% of the Lithuanians agreed that Lithuania has benefited from EU membership. In my research plan I would like to do this kind of questionnaire where I could see how the people agree and disagree with membership of EU. I would question them on their perceptions of how membership has affected their country. Also what changes they would like to see especially in areas, which they see as problematic.

Market Equilibration Process Essay

Market equilibration gives businesses the opportunity to mold to different changes that occur within the field of marketing. With market equilibration, market prices are established through product and service competition. For example, the amounts of goods or services required by customers are equivalent to the amount of goods or services produced by business. Market equilibration will allow the business and customer to be on the same sheet of music with product and prices. Law of Demand In order for market equilibrium to exist, the economy must have a need for a particular product or services. For there to be a demand, customers must be prepared to pay the established prices set by the industry. After the need for a particular product has been identified, manufacturers can begin producing the products. Law of Supply With supply, the product or services are made available to the economy. When a consumer is prepared to pay the price the market is asking market equilibrium is established. Should there be an imbalance of the demand or supply, there would be no equilibrium. In cases of supply imbalance, this could cause prices to increase which would inadvertently create business and revenue for the competition. Contrary to supply shortage is an excess of supplies. Excess supplies in the market will cause the market prices to drop resulting in an imbalance in the market equilibrium. Efficient Market Theory Efficient market theory is an investment theory that states it is impossible to â€Å"beat the market† because stock market efficiency causes existing share prices always to incorporate and reflect all relevant information (Investopedia, 2014). Because stock usually trades at fair values the efficient market theory keeps the stock exchange fair and honest. It prevents investors from selling at over inflated prices or purchasing at underrated prices. Surplus and Shortage Another cause of an imbalance in the market equilibrium could be a result of supply surplus. A supply surplus could also cause product prices to drop. Because there are more products available it could mean that customers just are not buying or that there are too many suppliers of the same product. The counter to this problem is to limit the number of like products available within the economy. The opposite effect to a surplus could be very beneficial to business competitors. A shortage would allow a competitor to move the business into the local economy and set prices high. As a result of shortages, this would allow the competitors to monopolize the market causing duress to surrounding companies. Real World Experience A real world example of the free market is when a customer looks for a bargain for the same product that both Wal-Mart and Target offers but at different price. Most consumers prefer to choose the item that has the best price versus the store name. Another factor that plays a role in the decision process is the location. If a customer has to drive further away to make a purchase they may elect to select the most expensive item. Customers can take advantage of supply and demand when the businesses are competing with each other. Conclusion In economics, manufactures and customers are the primary stakeholders in the equilibrating process. The market equilibrating process is difficult to balance because of the shifting market. By obtaining a good understanding of how the equilibrating process works, it will assist consumers on how to spend his or her money while saving at the same time. References McConnell, C., Brue, S., & Flynn, S. (2009). Economic Principles, Problems, and Policies (14th ed.). Boston, MA: McGraw-Hill Irwin. Investopedia. (2014). Retrieved from http://www.investopedia.com/terms/e/efficientmarkethypothesis.asp

Student Affairs Student And Student - 758 Words

Being that student affairs is still somewhat new to me, only having experience as a student and student worker, I was really excited to begin reading and learning more about student affairs. Out of the first three chapters, the chapter that I found the most interesting was chapter three about the student enrollment patterns. Having been a transfer student myself, it was interesting to me to learn how there is a variety of types and classifications of enrollment patterns emerging such as reverse transferring, swirling and double dipping, and distance learning. I learned that the type of transfer that I completed would be considered an upward transfer since I started with earning my associates degree at a community college and then transferred to a four-year institution to complete my bachelor’s degree. It was also interesting to me that the text wrote that â€Å"the current story of college enrollment patterns is one of student mobility and the portability of college credi ts† (Renn Reason, 46). I found this to not be the opposite of what I experienced as an undergraduate student since I was only part of a handful of other transfer students. During the latter part of my undergraduate experience when I was completing my bachelor’s degree, I often felt like being a transfer student or having course credit from another institution was seen as a hindrance. From an academic perspective, I felt like I was always seen as a special case when it came to things like registering forShow MoreRelatedStudent Affairs And Student Development1771 Words   |  8 PagesStudent personnel point of view encompasses the student as a whole. The concept of education is broadened o the student’’s well rounded development- physically, socially, emotionally and spiritually as well as intellectually. 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