Effects of Poverty on Youth Free Essay Example, 1250 words

It was seen that a number of factors caused differential in IQ between children of those above poverty and those belonging to below the poverty line (Bellary, 2001). The main cause of differential in IQ was lead absorption, ear problems, anemia and low birth weight. All these are caused due to poverty in the family. According to Stern and Danziger (1990) there is a relationship among family income, child development and family structure. It was found that by keeping the socio-economic status constant, single-parent family can have a small negative effect on IQ of a youth. Hence single or teen parenthood effects the development of youth (Ravallion, 2010). It is also seen Youth who are raised by single parents complete one year less schooling than that of youth who have two-parents. Klebanov, Brooks-Gunn and Duncan (1994) did a detailed research on effects of persistent poverty on youth development. They found out that youth whose families are persistently in poor have lower IQ and ex hibit behavioral problems more than youth who experience transitory poverty. These effects are observed when other factors like maternal schooling, family structure are included into the study. We will write a custom essay sample on Effects of Poverty on Youth or any topic specifically for you Only $17.96 $11.86/pageorder now Test was also conducted on the effect of youth development on neighborhood characteristics. It was seen that youth with a higher concentration of rich neighbors has a good development than those of youth who have poor neighbors (Shah, 2013). Chase-Lansdale, Michael and Desai (1990) studied the way home environment have effects on development of youth. Cognitive development of youth was measured along with the income level of the family. It was seen that if a child was poor and the average income of the family was low, it affected the cognitive development of the youth. Maternal employment also had an effect on them. If the income of the family is earned by a mother it has an adverse effect on the development of youth because of her inability to play a pivotal role in the development of youth (Bradbury, Jenkins and Micklewright, 2001). Discussion Youth gets affected due to poverty in their family. It refers to development of interdependent skills of cognitive language, sensorimotor and social emotional functioning. The entire above thing depends on the physical well being of the Youth. Many like family context and the social network helps in the process. Youth should be given proper education to move out of poverty line. They should have educational achievement under their belt and have completed their formal schooling.

Paradise Lost Satan Hero or Villain - 2668 Words

Satan: Epic Hero or Villain? John Milton wrote one of the greatest epic poems of all time when he wrote Paradise Lost in 1667. The book tells about mans creation and fall while detailing characters and the plot beyond what the Bible taught. One of these characters is Satan, which is one of the most argumented, controversial, and popular characters in the history of literature. The reason for controversary is the unclarity of whether or not Satan is a hero or a villain. He contains many qualities that distinguish him as a hero. On the other hand he also has qualities which say he is a villain. Scholars have written over time to support each argument of hero or villain and have explained why Milton decided to create such a†¦show more content†¦He was still trying to give confidence to his soldiers and he gave a speech which inspired a great number of the devils. Such implements of mischief as shall dash to pieces and oerwhelm watever stands Adverse, that they shall fear we have disarmed The Thunderer of his only dreaded bolt. Nor long shall be our labour, yet ere dawn Effe ct shall end our wish. Meanwhile revive, Abandon fear; to strength and counsel joined Think nothing hard, much less to be despaired. (Milton 183) This shows that even though they were being defeated greatly Satan was still trying to give confidence to his men and make them believe that they did in fact have a good chance of winning. Scholars have contributed their opinion in the role of Satan that he is a hero in the poem. With the Prince of Hell Milton reverses the functions and correspndingly the characteristicts, stressing thoseappropriate to an epic antagonist and underplaying though incorporating those of an example of evil. (Kaston 58) Kaston is saying in the poem Milton totally reverses the beliefs which have always been associated with Satan. Everyone has always portrayed Satan as evil and as the villain of everything. But Milton has used him as a hero who was doing something in which everyone thought was evil. Satans actual attempt to defeat god was evil but all the qu alities in which Satan showed us were not evil. All the leadership qualities and acts areShow MoreRelatedEssay on John Miltonss Paradise Lost: Is Satan a Villain or Hero?2009 Words   |  9 Pagesof whether Satan is the hero or the villain of John Milton’s Paradise Lost has been largely debated by scholars over the centuries. The ones who believe Satan is the villain of the epic, more commonly known as the Anti-Satanists, tend to argue that Satan is too foolish to be considered a hero, as his â€Å"hostility to Almighty power† is ultimately a futile endeavour (as God’s power is omnipotent) (Carey, 135). C.W. Lewis, also an anti-Satanist, goes as far as to claim that to â€Å"admire Satan, then, is toRead MoreSatan As A Hero And A Villain916 Words   |  4 PagesSatan as a Hero and a Villain (Analysis of Satan in John Milton’s Paradise Lost) John Milton created Paradise Lost out of twelve books of well constructed poetry. A poem depicting and going into detail of the story of Adam and Eve, man’s creation and fall. The poem focuses on the actions of one particular character, Satan. Milton introduces his readers to Satan in Book I as a hero, trying to get revenge against God for throwing him out of Heaven, being banished to Hell. But as Satan carries on withRead MoreIs Satan A Hero Or Villain?1258 Words   |  6 PagesIs Satan a Hero or a Villain? An Analysis of Milton’s Paradise Lost The heroic qualities of Satan in John Milton’s Paradise Lost are overwhelmingly masked by his ‘satanic’ and villainous acts which qualify his character to fall into a category of villain rather than hero. Paradise Lost is an epic poem and like all epic poems, requires an epic hero with a tragic flaw. The tragic flaws of Satan are too prominent and effectual to call him an epic hero, but rather these flaws, or evil characteristicsRead MoreAnalysis Of John Orwell s Paradise Lost 882 Words   |  4 Pagesmessage, they all utilize epic conventions to help communicate a specific message or lesson. In Paradise Lost, Milton effectively uses the conventions of epics to justify the ways of God to humanity. Paradise Lost includes most if not all of the conventions of epics, however several conventions in particular are the ones that best communicate Milton s message. The first convention is a legendary hero who embodies the values of a civilization. Adam and Eve are our heroes in this story. While AdamRead MoreThe Paradox Of The Hero1484 Words   |  6 Pagesof the Hero in Paradise Lost What exactly is a hero? A common pedestrian might say a hero is someone who goes out of their way to help people. A child may say that a hero is someone who performs valiant deeds. Merriam-Webster Dictionary itself has 3 definitions of a hero: â€Å"a person who is admired for great or brave deeds or acts,† â€Å"a person who is greatly admired† and â€Å"the chief male [or female] in a story, play, movie etc.† (Merriam Webster Dictionary). In a literary situation, a hero is definedRead MoreDemonic Heroism : The Psychoanalysis Of Satan Essay1640 Words   |  7 PagesHeroism: The Psychoanalysis of Satan The epic poem Paradise Lost recounts the creation of life through the actions of Satan, also known as Lucifer, with god and his newer children: Adam and Eve. In the first half of Milton’s epic poem, Satan is first viewed a hero; courageous, a leader of fallen angels. He is prideful and determined in pursuing what he believes to be true which is why Satan rose off the lake of fire and challenges God while he delivered his heroic speech. Satan went on about how â€Å"to beRead MoreThe Role of Satan in Paradise Lost1455 Words   |  6 PagesThe Role of Satan in â€Å"Paradise Lost† John Miltons epic â€Å"Paradise Lost† is one that has brought about much debate since its writing. This epic tells the Biblical story of Adam and Eve, although from a different perspective than what most people usually see. Milton tells the story more through the eyes of Satan, whom most people usually consider the ultimate villain. The way in which Satan is portrayed in this story has caused speculation as to whether Satan is actually a hero in this situationRead More Analysis of Satans Speech in in John Miltons Paradise Lost1010 Words   |  5 PagesAnalysis of Satans Speech in Miltons Paradise Lost      Ã‚  Ã‚   John Miltons Paradise Lost is a work of enduring charm and value because of its theological conceptions, its beautiful language, and its updating of the epic to the modern worlds values. Book II of this epic poem opens with Satans speech to his minions in hell, proposing war on Heaven itself. In these first 44 lines, Satan is clearly established as epic hero, but at the same time is theologically/morally denounced by theRead MoreJohn Miltons Paradise Lost863 Words   |  4 PagesParadise Lost is a story of Genesis told as it normally would be, but with a protagonist focus on Satan. The story is told largely with Satan being favorably portrayed and God having little presence other than cursing things, which convinces the audience that Satan’s view of God as a tyrant may not be too far off. Still, Satan is portrayed as the villain of the story. However, he has characteristics of a classical hero; including flaws that make the audience relate to and feel sympa thy for him. ByRead MoreEssay on Satan, the Core of Milton ´s Paradise Lost1308 Words   |  6 PagesThe great debate whether Satan is the hero of Milton’s Epic Poem, Paradise Lost, has been speculated for hundreds of years. Milton, a writer devoted to theology and the appraisal of God, may not have intended for his portrayal of Satan to be marked as heroic. Yet, this argument is valid and shares just how remarkable the study of literature can be. Milton wrote his tale of the fall of man in the 1674. His masterpiece is an example of how ideas of a society change with time. This is because it wasn’t

Financial Relationship

Question: 1.Explain the Following Concepts ? A.Sensitivity Analysis B.Scenario Analysis 2.Explain the Following Model ? A.Capital Asset Pricing Model. B.Capital Market Line. Answer : Introduction This assignment mainly provides the answers of two questions. While answering the first question, the study discusses on the relationship between the capital budgeting techniques like, Internal Rate of Return and Net Present Value method and managerial decision making process. At the same time, the answer also includes the discussion regarding the concepts of sensitivity analysis and scenario analysis in relation to capital budgeting techniques. The answer in the second question defines the similarities and dissimilarities between the Capital Assets Pricing Model and Capital Market Line. Question 1 The capital budgeting techniques like, Internal Rate of Return and Net Present Value analysis are most popular methods that help the management of the companies taking logical investment decisions (Robinson and Burnett 2016). The internal rate of return is a capital budgeting technique that helps to identify the percentage of return that the management or the company will get by investing in a particular project. While calculating the internal rate of return, the management considers future cash inflows and out flows of that project. In the words of Abor (2017), the internal rate of return or IRR either motivates or de-motivates the investors or the management towards a particular project. The identification of IRR percentage of the project also indicates the breakeven point of the project. Hayward et al. (2016) suggests that if the value of IRR is higher than the cost of finance, then the project can be consider as an attractive project. This means, by identifying the IRR, the manag ement can understand whether the project is suitable for them or not. Net Present Value or NPV is another capital budgeting method that helps to identify the present value of certain future course of action or the future project (Magni, Veronese and Graziani 2016). In order to identify the NPV of a particular project, the future cash flows and discounting rate are considered. In case of a particular project, if the NPV value is positive, then it is considered that the project will be able to generate positive cash inflows in future years when the project will be completed (Tong, Hu and Hu 2017). Therefore, like, IRR, the NPV also helps the management understanding whether the project will be profitable for the company or not. Concept of sensitivity analysis in relation to capital budgeting technique Sensitivity analysis is a concept that helps identifying the impact of different values of independent variable on the dependent variable under certain circumstances (Christina 2009). On the other side, capital budgeting is a technique of analyzing a particular project in order to determine whether the project must be taken or not. Berk and Van Binsbergen (2016) have mentioned that the sensitivity analysis is related to the capital budgeting techniques to some extent. In case of the sensitivity analysis in general context, the management analyzes the project by considering both financial as well as non-financial factors, whereas in the capital budgeting, the management considers only the financial factors while analyzing a particular project (Anderson and Linderoth 2016). This indicates that the sensitivity analysis in relation to capital budgeting is that through which the management analyzes the financial factors of a project. In the other words, it can be said that through sensitivity analysis, the management of a company identifies or determines the probability of getting success in a particular project. Habibi, Habibi and Habibi (2016) has defined the sensitivity analysis as the technique of identifying or budgeting the cash inflow and outflow of a particular project by considering some essential factors like, interest rate, current economic condition and inflation rate. The sensitivity analysis in relation to capital budgeting can be better done with the help of IRR and NPV methods (Robinson and Burnett 2016). For example, in a particular project, the management of a company identified the IRR 10%, where the cost of capital is 5%. This means the IRR is much higher than the cost of capital or finance cost. Therefore, there is more chance or probability that the project will be profitable or suitable for the company because the rate of return that the investor or the company will get will be high. Simila rly, if the company identifies that the net present value of the project is negative, then the probability of project failure will be high, which means the management must not invest in the project (Christina 2009). Concept of Scenario analysis in relation to capital budgeting technique Scenario analysis is a technique of analyzing a particular project by considering certain factors and assumptions. In the other words, it can be said that the scenario analysis is a technique of analyzing a project by considering variety of situations or scenarios. Berk and Van Binsbergen (2016) commented that the scenario analysis helps the management of a company analyzing each possible alternative outcome of a particular project. Habibi, Habibi and Habibi (2016) have mentioned that the scenario analysis helps the managers identifying the value of a project by considering each risk factor. With the help of the scenario analysis, the management can understand impact of any unfavorable situation on the particular project taken by the company (Anderson and Linderoth 2016). For example, while investing in a new project like, business expansion, the management of the Woolworths Limited conducts the scenario analysis in order to identify the possible risks and return percentage of the pr oject. Before starting or investing a particular project, it is very important conducting the scenario analysis of the project. In case of any particular investment project, the company can conduct the scenario analysis by identifying the IRR and NPV by considering different rates of cost of capital (Tong, Hu and Hu 2017). At the same time, the management can also conduct the scenario analysis by identifying the IRR and NPV at different economic situations like, identifying the IRR and NPV during the high inflation in the market and identifying the IRR and NPV by considering the depression in the market (Christina 2009). Scenario analysis through capital budgeting techniques helps the management conducting realistic analysis of the project, which ultimately helps taking quick and appropriate decision. Therefore, from the above analysis, it can be understood that sensitivity analysis and scenario analysis both are important for the management while taking any decision related to capital investment. These two analytical concepts are very effective in case of capital budgeting. These two concepts help analyzing the project under realistic scenario. Question 2 Identifying the similarities and differences between Capital Assets Pricing Model and Capital Market Line Before identifying the similarities and dissimilarities between Capital Assets Pricing Model or (CAPM) and Capital Market Line, it is important to have a basic knowledge on these two concepts, which are stated below: The main motive of CAPM model is identifying the relationship between the systematic risk and the expected return from a particular investment or asset (Lal et al. 2016). While analyzing a particular project with the help of CAPM, the management requires considering both of the systematic and unsystematic risk factors. Prat (2016) has considered the CAPM as one of the most suitable model for analyzing the suitability of a particular financial or investment project. In order to identify the expected return through the CAPM model, the following formula will be followed: Re = Rf + B [E (Rm) Rf] Rf = Risk free rate of the securities Re = Return on equity B = Beta coefficient and E (Rm) = Expected rate of return on the portfolio of market B [E (Rm) Rf] = The difference between the rate of risk- free rate and the anticipated return of market security that is referred as market premium. On the other side, the Capital Market Line shows the market portfolio of a particular set of risky assets. This is a tangent line that represents the value of the risks factors in a particular project. The Capital Market Line starts from the point, where the investment project is risk free and ends to the point, where the risks in the project starts (Kianpoor and Dehghani 2016). The Capital Market Line indicates the risk factors in a project that helps the CAPM model determining the fair value of the investment or project in respect to the current market value (Do, Bhatti and Konya 2016). Moreover, the Capital Market Line helps determining the level of performance of a particular assets portfolio. The Capital Market Line for a particular investment portfolio indicates whether the portfolio is overvalued or under-valued. The securities under a portfolio can be considered as under-valued if the expected rate of return of the security against the risk component that is beta is drawn abo ve the Capital Market Line and vice-versa (Kianpoor and Dehghani 2016). The major similarity between Capital Assets Pricing Model and Capital Market Line is that both help to determine the return from a particular investment or portfolio (Christensen, Hail and Leuz 2016). In case of the CAPM, the expected return on investment is measured based on the expected market return, risk variance and risk free rate of return (Lal et al. 2016). On the other side, in case of the Capital Market Line, the expected return is measured by identifying the tangent line by considering the CAPM. Another similarity between these two is that the both consider the risk factors while determining the return. As stated above, in case of CAPM, two types of risks are considered systematic risk and unsystematic risk (Petters and Dong 2016). On the other side, as the Capital Market Line is determined by considering the CAPM, it also considers the systematic as well as unsystematic risk. In the words of Prat (2016), the expected return from a project or investment which is determined by the CAPM model, is represented by the Capital Market Line. Though there are some similarities between the Capital Assets Pricing Model and Capital Market Line, it cannot be said that these two are completely same. There are some differences between these two. The first difference is that the Capital Assets Pricing Model determines the expected return of the investment portfolio by considering the risk free rate, systematic risks and the market premium rate; whereas, the Capital Market line determines the value of the investment portfolio by considering the probable return and risk factors (Christensen, Hail and Leuz 2016). Another difference between these two is that the Capital market line is just a graphical representation of value of the securities in the investment portfolio, but the CAPM does not provide any graphical representation that identifies the expected returns for the investment portfolio of a particular investor (Petters and Dong 2016). The capital market line depends on the CAPM model because while determining the Capital Market Line, the CAPM formula is followed in order to identify the expected return of the particular investment portfolio (Do, Bhatti and Konya 2016). However, the Capital Assets Pricing Model is not depended on the Capital Market line. Therefore, it can be said that CAPM is a part of Capital Market Line but Capital Market Line is not a part of CAPM model. In case of the Capital Market Line, only the efficient portfolios are shown. In the other words, it can be said that the Capital Market Line represents only those portfolio, which are efficient and include high return. However, this cannot be applied in case of the CAPM model (Christina 2009). Therefore, from the above discussion, it can be said that CAPM and Capital Market Line are related to each other but they are not completely same. Conclusion In this study, it has been identified that the Internal Rate of Return and he Net Present Value are the two most effective methods of capital budgeting. The study has identified that the internal rate of return and the net present value help the management of the companies to determine whether they should invest in a particular project or not. At the same time, the study has also identified that the management of an organization may conduct the sensitivity analysis and scenario analysis based on the capital budgeting techniques like, IRR and NPV. As per the analysis in the study, the sensitivity and scenario analyses help to determine the feasibility and suitability of the project in the real scenario. The study has also indicated that the capital assets pricing model and the capital market line both aim to identify the expected return of an investment portfolio and at the same time, these two also consider the risk factors while determining the expected return. However, the capital market line is a graphical representation of value of the securities in the investment portfolio, which is not same in case of the capital assets pricing model. Reference list: Abor, J.Y., 2017. Evaluating Capital Investment Decisions: Capital Budgeting. InEntrepreneurial Finance for MSMEs(pp. 293-320). Springer International Publishing. Anderson, E. and Linderoth, J., 2016. High Throughput Computing for Massive Scenario Analysis and Optimization to Minimize Cascading Blackout Risk.IEEE Transactions on Smart Grid. Berk, J.B. and Van Binsbergen, J.H., 2016. Assessing asset pricing models using revealed preference.Journal of Financial Economics,119(1), pp.1-23. Christensen, H.B., Hail, L. and Leuz, C., 2016. Capital-market effects of securities regulation: Prior conditions, implementation, and enforcement.Review of Financial Studies, p.hhw055. Christina, P., 2009. Capital budgeting methods.Docs. school Publications. Do, H.Q., Bhatti, M.I. and Konya, L., 2016. On ASEAN capital market and industry integration: a review.Corporate Ownership and Control Journal,2(1), pp.8-23. Habibi, H., Habibi, R. and Habibi, H., 2016. Derivation of Kalman Filter Estimates Using Bayesian Theory: Application in Time Varying Beta CAPM Model.Journal of Statistical and Econometric Methods,5(2), pp.1-16. Hayward, M., Caldwell, A., Steen, J., Gow, D. and Liesch, P., 2016. Entrepreneurs' Capital Budgeting Orientations and Innovation Outputs: Evidence From Australian Biotechnology Firms.Long Range Planning. Kianpoor, M.M. and Dehghani, A., 2016. The Analysis on Fama and French Asset-Pricing Model to Select Stocks in Tehran Security and Exchange Organization (TSEO).Procedia Economics and Finance,36, pp.283-290. Lal, I., Mubeen, M., Hussain, A. and Zubair, M., 2016. An Empirical Analysis of Higher Moment Capital Asset Pricing Model for Karachi Stock Exchange (KSE).Open Journal of Social Sciences,4(06), p.53. Magni, C.A., Veronese, P. and Graziani, R., 2016. Chisini Mean and a Unified Approach to Capital Budgeting Criteria. Petters, A.O. and Dong, X., 2016. Capital Market Theory and Portfolio Risk Measures. InAn Introduction to Mathematical Finance with Applications(pp. 151-208). Springer New York. Prat, R., 2016. Five Objections Against Using a Size Premium When Estimating the Required Return of Capital with the Capital Asset Pricing Model. Robinson, C.J. and Burnett, J.R., 2016. Financial Management Practices: An Exploratory Study of Capital Budgeting Techniques in the Caribbean Region. Tong, J., Hu, J. and Hu, J., 2017. Computing equilibrium prices for a capital asset pricing model with heterogeneous beliefs and margin-requirement constraints.European Journal of Operational Research,256(1), pp.24-34.