Economic Impacts of World War I and the Great Depression
The Economic Consequences of World War I
The First World War caused a lot of military and civilian casualties, but it also resulted in significant monetary and material costs.
The government had to intervene in the economy, which was necessary during the war (control on prices, production, labor, etc.). Some controls remained, but the economic system changed.
The war also caused a disruption of international trade. Non-belligerents promoted domestic production (import substitution), European countries
Read MoreKey Concepts in Microeconomics: Consumer Theory and Market Welfare
Four Properties
1.
Higher indifference curves are preferred to lower ones.
2. Indifference curves cannot cross
3. Indifference curves are downward sloping.
4. Indifference curves are bowed inward –convexity-
Tangency Condition
MRS = P1 / P2
Consumer’s Optimal Choice
MU1 / MU2 = P1 / P2
Proportionality Rule
MU1 / P1 = MU2 / P2
Perfect Substitutes:
Indifference curves are straight lines. Optimal choice is at one extreme (all of one good).
Perfect Complements:
Indifference curves are L-shaped.
Historical Foundations of Ritual, Protocol, and Power Dynamics
Ceremony, Ritual, and Social Concepts
- Ceremony
- A set of formal acts, often fixed and traditional, performed on important social or religious occasions (they are not always religious). They are often public and always involve more than one participant and/or observer. A ceremony only happens on special occasions, while rituals are acts which are repeated through a period of time (e.g., the mass is a ceremony).
- Ritual
- A set of fixed actions and sometimes words performed regularly, especially as part of
Romanticism Movement: Art, Literature, and Philosophy
Romanticism: Artistic and Intellectual Movement
Romanticism (also the Romantic era or the Romantic period) was an artistic, literary, and intellectual movement that originated in Europe toward the end of the 18th century. In most areas, it peaked approximately from 1800 to 1850.
Romanticism was characterized by its emphasis on emotion and individualism, as well as the glorification of the past and nature, preferring the medieval over the classical. It was partly a reaction to:
- The Industrial Revolution.
Forensic Assessment of Child Abuse Testimony Validity
Assessing Credibility and Validity in Child Testimony
The assessment of findings under testimony focuses on two primary aspects:
Defining Credibility and Validity
- Credibility: Whether it can be concluded that the child, based on their story and other gathered evidence, was subject to abuse by the alleged perpetrators.
- Validity: Refers to the accuracy of the details of the abuse, the extent to which the reported experience may be lower than what was actually experienced, and the degree to which certain
Understanding the Indian Knowledge System and Its Impact
Iks
Q1. Attempt any ONE of the following:
a) Definition, Scope & Importance of Indian Knowledge System
Definition
The Indian Knowledge System (IKS) refers to the traditional knowledge developed in India over thousands of years in areas such as science, mathematics, medicine, philosophy, architecture, art, literature, and spirituality. It is a holistic system that combines intellectual, ethical, and spiritual wisdom for human welfare.
Scope
- Science & Technology: Ancient India contributed to astronomy,
Essential Concepts in Business Communication and English Grammar
Unit 1: Communication Fundamentals
1. Defining Communication: Elements and Features
Communication is the process of conveying information, ideas, or feelings between individuals or groups through a common system of symbols, signs, or behavior.
Elements of Communication:
- Sender: Originator of the message.
- Receiver: The intended recipient.
- Message: The content being conveyed.
- Channel: The medium used (e.g., phone, email, face-to-face).
- Encoding: Converting the message into symbols.
- Decoding: Interpreting the
Understanding Organizational Behavior and Its Impact on Performance
Organizational Behavior (OB) — also known as I–O Psychology — is the scientific study of behavior in organizational settings and the application of psychology to understand work behavior.
OB uses the scientist–practitioner model, meaning it applies data-driven, evidence-based research to improve performance and employee well-being.
Big Five Model (OCEAN) Personality is fairly stable and predicts job performance across cultures. Openness to Experience – curious, creative.
Conscientiousness
Understanding the Legal Framework of Arrest Procedures
Arrest
Understanding Imperialism and Its Impact on Global History
Imperialism: It was a political, social, and military movement (19th-20th century). It was led by European countries and later by Japan, the USA, and Russia. The main objective was to become a large empire, so each country needed to conquer some territories (in Africa, Canada, Australia, and Asia) known as colonies.
Causes of Imperialism:
- Economic Interests: Industrialized European countries were in search of new markets (to sell their surplus products) and they also wanted to obtain more raw materials