Macro & Micro economics Essay Example | Topics and Well Written Essays - 1500 words - 1

Macro & Micro economics - Essay Example In the last quarter of 2012, growth rate in the economy was estimated to be 7.9% (BBC, 2013). However, immediately in the first three months of the current year (2013) the growth rate dropped notably. The government of China noticed this fluctuation early in 2013 and decided to take expansionary policies to pull up the growth rate. This paper aims at studying an article titled â€Å"China to continue ‘proactive fiscal, prudent monetary’ policy† written by Siwu and Zhi and published in Xinhuanet on March 5 2013. The article presents a report on the present growth rate of China and discusses the government’s policy prescription with regard to this growth situation in the country. At present annual growth rate of the country is 7.7% and the central bank has taken expansionary monetary policy to boost up economic activities in the country (BBC, 2013). The fiscal policies adopted by the government have also been discussed in the article. The discussion presented in this paper identifies the major causes that have affected the growth rate of the Chinese economy and comments on the policy adaptations of the government as discussed in the news article. The impact faced by the Chinese society on account of this economic slowdown has also received light in the scope of this discussion, alongside the discussion on the aggregate demand and supply in the economy. Aggregate demand in the Chinese economy has declined as a result of this declining growth rate. The government has focused on improving domestic demand conditions in order to boost up the economy. Discussion on the economic problem The growth momentum in the country has been showing a lack of vigour since the beginning of 2013. The measures of various economic variables in the country are indicative of a low performance level in the economy, which implies that there is no strong point of evidence that might show that the economy has any prospect for recovering soon. In 2013, estimate of t he growth rate of the economy has been 7.7% from January to March, while economists had forecasted that growth rates would reach 8%. In response to this economic situation the government of China has declared that it would sustain the â€Å"proactive fiscal policy and a prudent monetary policy† (Siwu and Zhi, 2013) throughout the year in 2013. Proactive monetary policies have been maintained by the Chinese government since the 2011, with the aim of bringing stability in the economy, to make the economic structure flexible for future improvements and more forward-looking and target-oriented. This would ensure steady economic growth. While bringing economic growth the government aims at keeping the price level in the economy stable and guard against the occurrence of any regional or systemic financial risk. The government has vowed to guide the financial institutions, to make them operate prudently, oversee the financial activities of the institutions and take account of the ri sks associated with off-balance sheet activities, so as to make the financial sector's more sustainable and capable of supporting long term economic development. Causes of the problem The article by Siwu and Zhi (2013) reflects that the government of China has been actively making policy prescriptions that are aimed at improving the economic conditions of the country. Further research on this issue reveals that growth of the Chinese economy has been highly dependent on its export sector. The major markets for Chinese exports are the USA and the European countries. The country mainly exports, garments, toys, accessories, other plastic products, machinery, transport equipments, rubber, metallurgical products, textile materials, chemical products, refined oil and crude oil, as well as food items (Peopledaily, 2001). China follows

Love - Language and Memory Paper Essay Example | Topics and Well Written Essays - 1000 words

Love - Language and Memory Paper - Essay Example Memory, one of the most intriguing components of the human psyche, have been studied and even subcategorized by countless scholars throughout the decades. Among the most notable theories of its categories is the issue regarding semantic memory and it link to language production. Several questions can be deliberated when looking upon this specific interaction of memory and language. Is memory, more specifically semantic memory, the sole reference with which language is formed and structured? How does semantic memory affect the production of language? More importantly, will language be able to survive without semantic memory? And is it possible that both language and semantic memory dependently coexists in some aspects? This article will try to detail the important facets of language and its relationship with semantic memory. Before we delve into the dynamics of language and semantic memory, let us first define the psychological concept that is memory. Memory can be described as â€Å"the capacity that permits organisms to benefit from their past experiences.†(Tulving, 1985, p.385). Procedural memory enables organisms to retain learned connection between stimuli and responses including those involving complex stimulus patterns and response chains, and to respond adaptively to the environment. Semantic memory is characterized by the additional capability of internally representing states of the world that are not perceptually present... Episodic memory affords the additional capability of acquisition and retention of knowledge about personally experienced events and their temporal relations in subjective time and ability to mentally â€Å"travel back† in time. (p.386). Memory is made up of a number of interrelated systems, organized structures of operating components consisting of neural substances and their behavioural and cognitive correlates. A ternary classificatory scheme of memory is proposed in which procedural, semantic, and episodic memory