Macroeconomices Term Paper Example | Topics and Well Written Essays - 1500 words

Macroeconomices - Term Paper Example These transactions enter as either debit items or credit items. The debit items include all payments to other countries: these include the countrys purchases of imports, the spending on investment it makes abroad and the interest and dividends paid to people abroad who have invested in the country. The credit items include all receipts from other countries: from the sales of exports, from inward investment expenditure and from interest and dividends earned from abroad. (John Solomon, Essentials of Economics, page 462-265) The sale of exports and any other receipts earn foreign currency. The purchase of imports or any other payments abroad use up foreign currency. If we start to spend more foreign currency than we earn, one of two things must happen. Both are likely to be a problem. The balance of payments will go into deficit. In other words, there will be shortfall of foreign currencies. The government will therefore have to borrow money from abroad, or draw on its foreign currency reserves to make up the shortfall. This is a problem because, if it goes on too long, overseas debts will mount, along with the interest that must be paid; and/or reserves will begin to run low. The exchange rate will fall. The exchange rate is the rate at which one currency exchanges for another. For example, the exchange rate of the pound into the dollar might be  £1= $1.60. When all the components such as current account, capital account, financial account of the balance of payments account are taken together, the balance of payments should exactly balance: credits should equal debits. If they are not equal, the rate of exchange would have to adjust until they were, or the government would have to intervene to make them equal. In order to achieve the goals of high and sustainable economic growth, low unemployment, low inflation, a satisfactory balance of payments and stable exchange rates,

Perceptions of Leadership Coursework Example | Topics and Well Written Essays - 250 words

Perceptions of Leadership - Coursework Example If on the other hand followers’ perception instigates them to motivate themselves in order to achieve the set goals, leaders may end up collaborating with the followers hence adopting a completely new leadership style. Leaders can best assess follower perceptions of their leadership style in a number of ways. One of the most effective strategies is by carrying out a survey or giving them questionnaires to fill. The questionnaire should contain questions that would help the leaders establish the level of satisfaction followers have on their leadership style (Bolton & Veldkamp, 2013). The questions should also be open so that followers can criticize and fully express their attitude towards the type of leadership in an organization. However, they should not require them to fill their personal information like names and contact. Other strategies include observing followers behaviors though this method may be less effective. In case the perception of the leader is not aligned with that of the followers, he or she should try adjusting his or her perception as well as that of the followers so that they can reach to a balance. However, this should apply in case the perception of the followers is effective and worthwhile. If their perception is ineffective, leaders should focus on gradually introducing the necessary change while giving the followers adequate time to adapt (Hughes, Ginnett & Curphy, 2012). Assessing followers’ perception by making them fill survey questions that are open is the best method because it would give the followers a chance to freely express themselves without any intimidation. This method has been proven to be effective by many researchers particularly if the followers are assured of privacy and that they cannot be victimized. Other methods like observing followers’ behaviors may not be effective because followers would pretend when they realize that they are being assessed (Bolton & Veldkamp,