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Economics Basics Principle
Economics Basics Principles
University Affiliation
Student’s Name
Economics Basics Principles
Any action taken in a business may or may not prompt counteractive actions from competitors. In the video, A Beautiful Mind, Nash explores the methods of strategic thinking. In the book, Economics of Strategy, Besanko David provides an example where Pepsi owner, Gruth, applied strategic thinking and economics principles to turn around the fate of his company.
Sara Robinson. 2004. How Real People Think in Strategic Games.
In this article, the author describes a celebrity party where the host choose a game of numbers for the party (Sara, 2004).. A mathematician present at the party, applying strategic thinking and reasoning, placed her guess at zero, arguing that the guesses of other participants would average to around that figure (Sara, 2004).. The winner was an economist, who had suggested the game and had guessed 31 himself (Sara, 2004). It further explores applicability of game theory to several other situations. This article seeks to explore the thinking of other people in the bid to win by anticipating the actions of the other players. This same scenario plays out in the real world of business as each tries to out think the other and emerge the more profitable. This article is germane to the topic of game theory in its application of a real life event and the observation of game theory at play. This article portrays the game theory in its practical terms.
Lindstadit, H. & Muller, J. 2009. Making Game Theory Work for Managers.
This article seeks to explore the applicability of game theory to management, where, according to the article, the managers have greatly neglected it, regarding it “more theoretical than practical” (Lindstandit & Muller, 2009). The article gives some models where the game theory is seen to apply with illuminating results (Lindstandit & Muller, 2009). This article is most relevant to the game theory as it diverts from the cliché explanation of the same and adopts a new model explanation in practice. Further, the article directs the applicability of this theory to where it matters the most, management.
Sarah Robinson’s article argues that different people apply the strategic reasoning at different degrees. Thus, one is left in a dilemma as to what extent is the game theory applicable with precision. Further, the scale of applicability of the theory is left in question.
References
Lindstadt, H. & Muller, J. (2009). Making Game Theory Work for Managers. Retrieved from: HYPERLINK “http://www.mckinsey.com/insights/strategy/making_game_theory_work_for_managers” http://www.mckinsey.com/insights/strategy/making_game_theory_work_for_managers
Robinson, S. (2004). How Real People Think in Strategic Games. SIAM News, 37(1): 1-3. Retrieved from: HYPERLINK “http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&cad=rja&uact=8&ved=0CCgQFjAB&url=http%3A%2F%2Feconweb.ucsd.edu%2F~v2crawford%2FRobinsonSIAMNewsJan04games.pdf&ei=0eK3U67pAYWf7AbNoIG4AQ&usg=AFQjCNE9EvNchCkn-23nku2275kdp6NU2A&sig2=X2A_9CPxHF-3OkXgE_v1pA&bvm=bv.70138588,d.ZGU” http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&cad=rja&uact=8&ved=0CCgQFjAB&url=http%3A%2F%2Feconweb.ucsd.edu%2F~v2crawford%2FRobinsonSIAMNewsJan04games.pdf&ei=0eK3U67pAYWf7AbNoIG4AQ&usg=AFQjCNE9EvNchCkn-23nku2275kdp6NU2A&sig2=X2A_9CPxHF-3OkXgE_v1pA&bvm=bv.70138588,d.ZGU
Economics and growth
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Instructor
Course
Date
Economics and growth
Land use and transportation planning
The city under study will be San Diego and the element under consideration will be land use and transportation planning. The implementation of the growth strategy of the city highly depends on the coordination of transportation planning and land use. The strategy calls for infill, re-development, and the growth to be targeted. The strategy requires that villages of San Diego increase the choices of personal transportation and minimize transportation impacts by developing designs that pay attention to the interests of the people travelling by foot, bicycle, transit, as well as automobiles. Focused development and transit stops linking where people work and where they live, shop, and even recreate makes transit very convenient for most people. It enables a cost effective expansion of the transit services. Housing in mixed commercial areas gives several people the opportunity to live next to their place of work and at the same time support the use of shops and services in the neighborhood. As such, the city of San Diego is able to use the land use element through land use and transportation strategy. The integration of land use and transit planning is shown by the land use or transit connections map. The map helps to identify the existing designated community plan, corridors, commercial centers, and residential areas in the city that urgently need transit services.
To achieve its goals and objectives, the city of San Diego uses regional coordination to effectively guide transportation panning and land use. The city also makes use of investment in the regional facilities and the preservation of any open space that can span multiple jurisdictions while at the same time working closely with various sectors and organizations in the country to further their common goals. The City works with federal representatives and the state on regulatory, legislative, and budgetary matters that have great impacts on the city of San Diego, while at the same time working closely with counterparts in Mexico on bi-national or border issues. Governmental agencies play a very important role in the efforts of regional coordination and transportation and planning agencies. The element involves encouraging the counties and the cities to increase employment and residential concentrations in the regions with the best transit connections and preserving important open spaces. The city adopts programmes such as Integrated Regional Infrastructure Strategy, which acts as a unifying document in a number of regional initiatives that covers topics such as economic prosperity, housing, environment resource protection, and habitat preservation. The element seeks to examine and determine the City’s relationships with tribal governments, its neighboring counties, and the northern Baja California. The general plan for the City of California is designed to support and complement the aspect of transportation planning and land use.
The General Plan for the City of San Diego integrates a number of basic principles, which describe the basic structure of the City’s plan and at the same time reflecting the core values guiding its developments as listed below.
Open space network created by canyons, river valleys, parks, habitats, oceans, and beaches.
Diverse residential communities created by open space networks.
Walkable and compact mixed-use villages consisting of various scales within the community.
Employment centers for the economy.
Integrated transportation network of roadways, freeways, and transit that effectively link villages and communities to the employment centers.
Well maintained, affordable, and high quality public facilities that can serve workers, visitors, and the City’s population.
Sites and historic districts that respects the City’s heritage.
Balanced communities offering opportunities for San Diegans and share the responsibilities of the City.
A sustainable and clean environment, and
A high aesthetic standard.
An updated General Plan translates organizing principles into new policy directions. Since less than 4% of the city’s land normally remain vacant for new developments, the General Plan’s policies focuses on how to invest on the empty land and reinvest in the existing communities. New policies have been formulated to in support of the changes in the patterns of development to emphasize combining shopping, housing, civic uses, and employment uses at different scales in the village centers. By primarily directing growth towards the village centers, the strategy works towards preserving established residential neighborhoods and at the same time manage the City’s long term economic growth. The major purpose for establishing a land use element is to guide development and future growth into a sustainable development pattern while enhancing or maintaining the quality of life in the communities. The community planning and land use element provides the policies for the implementation of the city’s strategies in context of the planning programme for San Diego community. The element seeks to address the issues of land use applying to the City as a whole while at the same time identifying the community planning programme and site-specific recommendations. The land use element forms a structure that seeks to respect the diversity of the community as a whole and including policy directions that govern the community plans.
The element addresses policy consistency and zoning, process for plan amendments, balanced communities, airport land use planning, environmental land use, and equitable development. The element also has sections that cover California Coastal Act and the implementations in San Diego and the implementation and history of proposition A; the Growth Initiative of 1985. The Land Use Element dwells on seven categories of the General Plan: parks, agriculture, residential, retail and services, commercial employment, industrial employment, semi-public facilities, and so on. The land uses are normally displayed on the street system map and the general plan land use. The map is used to identify planned street system, arterials, collector streets, and freeways necessary to serve the demands of vehicular transportation resulting from the City’s development in accordance with the General Plan. The map is based on circulation system maps and a detailed land use adopted for every community. The land use categories enable a Citywide, general view of the land distribution and use.
The City of San Diego has over fifty planning areas with the community planning programme having diverse and long history; the earliest community plans having been adopted in 1960. Each document uniquely reflects the trends and issues facing the community and includes the corresponding strategies to help in implementing the community goals and objectives. The community plans represent a very significant component of San Diego’s Land Use Element since they contain detailed land designations and description of land distributions. The City has jurisdictions that state the diversity, size, and patterns of land use necessitating the community based plans of land use. As much as the community plan focuses on specific needs of the community, its recommendations and policies must harmoniously remain in line with the overall general plan, other community plans, and the citywide policies. In summary, the element is very relevant to the topic of study since land is very vital for the economic growth of any city or country and it also makes sense for the City of San Diego, which is striving very hard to develop its transportation system and infrastructure. The element is very practical since land use has always been at the interest of every nation seeking to achieve its goals and objectives of attaining high economic growths.
Final essay by using major in the success book
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Professor
Course
Date
Final essay by using major in the success book
Patrick Combs, Major in Success is an inspirational book written on how to achieve success in different areas of education. Acquiring a college education is an essential part of a human beings life. It is this education that guides a student on the right carrier path to take. One of the challenges students face in colleges is the choice of the right courses when majoring. Students have been known to take on combinations that do not appeal to them in the future. This in turn puts then between a rock and a hard place in that they are left to either continue with a course they do not enjoy or start all over again. Major in success writes on how students can approach this situation by making the correct decisions when in school.
The purpose of this paper is to write an essay based on the book Major in Success. The book focuses on the chapter 1- 10 and 15- 18. The paper later offers a conclusion which summarizes the contents of the analysis offering a personal opinion on the book.
The journey of getting a college education can prove to be tasking for the better part of the time. Following the steps that the book provides ensures that students are on the right path from the beginning of their studies to the beginning of their career. When students graduate, they are faced with the new challenge of searching for a job. This is the difficult time in that the rate of unemployment dictates which jobs are available. The author thus encourages students to be innovative in their job search. Students are encouraged to be initiative by taking risks. Taking risks basically means investing in an alternative source of income besides working for someone else.
One of the aspects that ensure the complete cooperation of students is having inspiration. It is difficult for students to follow the dreams if they are being constantly misled by their peers and councilors. Students need to determine what they intend to do in the future by themselves. This does not dispute the fact that they should undergo guidance and counseling in achieving this dream. It simply means that students should be able to reflect on what type of career and goals inspire them. This will in turn provide a basis for the way they choose to go about their studies. Combs’ thus, places emphasis on the significance of education. Despite this, he also acknowledges the need to explore alternative talents which are viewed as extracurricular activities. This is one of the pivotal points in the final chapters. They provide an alternative in terms of career choices.
Success is not given it is earned. Most students desire to have a promising future without putting effort in their studies. Combs’ insists that if there is something worth having, one should work hard for in order to reach their projected goal. Students are thus encouraged to put effort in all the tasks they choose to perform. Hard work is an essential part of success; it is through hard work that individuals achieve their goals in life. Students should make hard work part of their life. This will prepare them for the future out of college. Most people think that when they are done with college, all their challenges are over. This is contrary to the popular belief in that students have to select their career based on the courses they majored in college.
“Major in Success” is a book that seeks to guide students on making the right decisions. Decision making is an important part of building ones future. As stated earlier, students often make their decisions based on their peers. This does not give them the provision to determine what is good for them in the future. With the help of hard work, making the right choices and getting an ideal source of inspiration, achieve success can be achieved with ease. The book is important because it not only talks about how to deal with educational issues. It also talks about the facts of life. This inspires students to desire success in their careers and their personal life.
The art of learning has for long time been misunderstood. Students are often intimidated by the coursework and exams they are presented. Fear is one of the factors that place barriers in achieving success. Reading the book is thus ideal in that it removes the physical and mental barriers that students experience on a day to day basis. This as a result motivates students to take on their problems without fear. Removing negativity from one’s mind empowers them with the willpower to overcome any barrier.
In conclusion, major in success is one of many inspirational books. Combs however, sets the book apart from the rest through providing examples that students can relate. This in turn makes it one of the most successful guides to success in that it targets students at an early stage in their life.