Notes, summaries, assignments, exams, and problems for Baccalaureate

What is Socialization?

Socialization is the ongoing process by which we develop our sense of self and learn the ways of society.

Internalization

Internalization is the process by which people take in the values and norms that the agents of socialization are trying to instill.

Social Groups

Groups consist of two or more people who share an identity, feel a sense of belonging, and interact with each other. We can distinguish between:

• In-group: A group you belong to.
• Out-group: A group you do not belong to.

The Importance of Social Contact

Close contact with others is critical to our development. Strong social ties are linked to well-being, while social isolation is detrimental to humans. "Feral" children are an example of the negative effects of extreme... Continue reading "Understanding Socialization: Key Concepts and Theories" »

European Union Energy Market Regulations

1st package- Directives 96.92 concern common rules for the internal market in electricity and 98.30 internal market of natural gas. Liberalization was to be progressive, applying gradually to different categories of consumers. Introduce a partial opening of national markets to competition, both required liberalization of certain segments of their electric and gas markets to enlarge. 2nd- 2003.55-54 liberalization process took place at different speeds in different member states aiming at the creation of an internal market. Required national gas and electric markets to be liberalized for large consumers by 2004 and 2007, respectively. 3rd- Directive on electric, on gas, security of supply electric, regulate... Continue reading "European Union Energy and Financial Market Regulations" »

Definition of Economics

Wealth Definition, Welfare Definition, Scarcity Definition, and Growth Definition

Managerial economics focuses on applying business principles and methodologies to decision-making within a firm or organization, particularly under uncertainty. It aims to establish rules and principles that help achieve desired economic outcomes related to costs, revenue, and profits, which are crucial for both business and non-business entities. Managerial economics explores how to effectively allocate scarce resources to achieve managerial goals.

Objectives

The primary objective of managerial economics is to analyze and solve economic problems faced by businesses. Other key objectives include:

1. Integrating economic theory with practical business

Barlow and Ourand

Common Features Showed

Factors that May Help Develop This

Possible Ways Patients May Not Adhere Properly

Why Patients May Not Adhere

Key Factors Influencing Tourism Participation

Determinants explain why some countries have a high propensity to participate in tourism, whereas other countries show a lower one. Determinants can be classified into the following categories:

• Economic: Disposable income, GNP per capita, private consumption, cost of living, tourism prices, exchange rate differentials, promotional expenditure, and prices of other destinations.
• Sociological: Motivations, travel preferences, perceptions of destinations, paid vacations, past experience, and images of destinations.
• Demographic: Life span, physical capacity, health and wellness, etc.
• Political: Political and social environment, barriers and obstacles, restrictions, rules and laws, war, terrorism, accessibility,

The Tourist Demand

Evolution of Tourist Demand

1948: The U.N.'s Universal Declaration of Human Rights declared travel as a human right. This has led to the concept of Responsible Tourism we see today.

History: Tourist demand has consistently increased over time. Leiper's Outbound Region model highlights that tourist demand is the outcome of activities and decisions made by individuals in the generating region.

Studies on the Evolution of Tourist Demand

UN (1948): Declared everyone has the right to "relief and leisure, including (...) some periodic paid holidays".

UNWTO (1980): The Declaration of Manila stated the ultimate aim of tourism is "the improvement of the quality of life and the creation of better life standards for all nations." This marked... Continue reading "Evolution & Determinants of Tourist Demand: A Comprehensive Guide" »

4. Define each of the 4 P’s of marketing (the marketing mix). Provide an example of each.

Product: Creative value goods vs. services

Price: Capturing Value, money time and energy

Place: Delivering the value Proposition

Promotion: Communicating the Value proposition.

5. What is the definition of value?

The relationship of benefits to costs, what the consumer gets for what they give.

11. List and define the three macro strategies for developing customer value. What are characteristics of each strategy?

Operational Excellence: involves a firm's focus on efficient operations and excellent supply chain management. Good enough

Customer intimacy (excellence): involves a focus on retaining loyal customers and excellent customer service. Just right

Product... Continue reading "Marketing Mix and Customer Value: Definitions, Examples, and Strategies" »

Mastering English Verb Conjugation

Here's a comprehensive list of English verbs with their past tense forms:

The changing in our eating habits in the last few decades have been mostly negative. In my opinion I think that there are more and more problems with the food industries and one of the biggest problems is meat. Many people have stopped eating it because of the treatment of animals. Another reason I think people feed on a lot of pre-cooked food for different reasons and one of them may be not having time to cook because of work, studies… I think that this may be hurting our health as many food we eat in don’t have enough vitamins (that food has without being pre-cooked.) These contain more fats, calories and other substances that are not needed in all foods. To finish I think we should pay more attention to what we should eat, and it’s... Continue reading "Modern Societal Challenges" »

Are X and Y independent random variables?

Solution: First we calculate the marginal pdfs

Note that fX,Y (x, y) 6= fX(x) × fY (y). So they are not independent.

What is the conditional distribution of X, given Y = .50? What is the probability that less than 50% of the initiative 1 surveys are returned, given that 50% of the initiative 2 surveys are returned?

(c) Calculate E(X/Y = y). What is the expected proportion of initiative 1 surveys returned, given that 50% of the initiative 2 surveys are returned?

Three prisoners are informed by their jailer that one of them has been 1/3 1/2

First we label the prisoners as P1, P2 and P3. Suppose P1 asks the jailer to tell him privately whether P2 or P3 will be set free. Now we define the following events.

Ai... Continue reading "Probability and Statistics Problems and Solutions" »