Module 4 BHS427 Health Care Finance Cost of Capital (CASE) Essay

Module 4 BHS427 Health Care Finance Cost of Capital (CASE) - Essay Example Despite being highly criticized, CAPM is commonly used by investors and managers, possibly due to its sundry advantages over other models. By using systematic risk only, CAPM tends to be not only more realistic but also simpler by eliminating the unsystematic risk. Remarkably, the relationship between the market risk and expected rate of return is easily shown by the Security Market Line. Secondly, in addition to being empirically testable, CAPM compares the particular investments level of risk to the stock market risk unlike DGM. Moreover, CAPM overcomes WACC’s assumption that investment has no influence on financial risk hence making it better in project appraisal. Conversely, CAPM’s assumptions make it less viable in reality. In project appraisal, the use of a single-period time zone contradicts the nature major real investments, which cut across periods. Moreover, it’s unrealistic to assume a constant beta for the periods as market conditions keep on fluctuating. Again, CAPM faces a problem in assigning values to the variables in the model. None of the variables is constant, with some such as yield on government debt (used to estimate risk free rate of return) changing on daily basis. Dolde et al (2012) research was aimed at determining whether the two factors international CAPM (2F-ICAPM) gives a different cost of capital compared to the domestic CAPM mostly used by US companies. Pre-studies had shown that the single global CAPM generated costs of equity not significantly different from the domestic CAPM despite the former model’s theoretical superiority, hence explaining why managers had not shifted from the domestic CAPM. To formulate the2F-ICAPM, Dolde et al incorporated the world market Index and currency index for chief currencies all expressed in US dollars, making this model theoretically superior to both

College degree Essay Example for Free

College degree Essay Like almost everyone already asked this question when they have finished high school. Where will I be in about 10, 20 or even more 40 years? . I do not think anyone would like to be a waiter or taxi driver the rest of life; hence, going to college is a good way to know what you will be. It will help you to develop your abilities, your skills, accomplish your goals. People with a higher education can make a difference in the world. My reason for going to college is because I want a better life for myself and it will open many doors in my future life. I graduated from high school in 2007, when I was 17 years old in Peru. My family always encouraged me to get higher education so I started thinking about what would I want to be? . I went to see many universities around my town in order to get more information about majors. I was confused between Hospitality Management and International Business but I decided to study Hospitality Management. It caught my attention because it deals with tourism and I love traveling. Besides hotels, I can get a job in many other places such restaurants, casinos, resorts and hospitals. I enrolled at San Ignacio de Loyola University because they have the best program in my major. It is  located an hour and a half from my house. When I was studying there, I learned a lot; especially, when I can deal for myself without my moms help because she did everything for me when I was at school. In Peru, there are many cases of delinquency and a few times robbers attacked me. The first occasion was a week of starting classes. I could remember that I spent a whole day at the college doing my assignment. It was a lot and I was very tired that day. When I was on my way home and got off the bus, someone stole my handbag. My first reaction was to go running after him because he had all my work with my effort in it, my new purchased  books. That was horrible. The other times, robbers just stole my phone. It was because of these facts that gradually I did not want to go anymore. I was very scared on the streets, looking around; I could not take out my phone from my pockets. Because of that, I decided to leave the university. One the day, I talked with my grandmother who lives in the USA. We were discussing about my life and I told her that I wanted to continue studying, so she asked me to move in with her. It was a very difficult decision for me because I would go to another country, starting a new life away from my  parents and friends, and also I was afraid because I did not speak English fluently. However, I had to think about my future so I decided to move to the USA, but the problem was that my parents disagreed about coming here illegal. I went to the University to see if they have any program to study outside the country. They have it but one of the requirements is to have 60 credits. Unfortunately, I did not have that amount. I checked on internet any other possibilities and I found out about the student visa. I did everything I needed to process the visa, such as translating my documents from high  school, filling some papers, looking for my sponsor, and medical examination. A few days later, I went to the USA embassy with my parents, I was so nervous because my dream of keep studying was depending of their answer. The counselor looked my documents and approved my student visa. I was so happy that day. In the first days of arriving in USA, I enrolled at Union County College. At the beginning, I took ESL classes since level 4th. Now, I am almost done with it. Moreover, I am taking other courses in the fields of hotel management. Therefore, Im pretty sure that I will graduate in two  more years and get my associate degree in Applied Science Program in Hotel, Restaurant, and Tourism Management. However, getting a degree in USA and go back to my country will help me to get a more job opportunities since Im bilingual. According to the article The Benefits of Earning a College Degree states, â€Å"One of the most important and obvious reasons to earn a college degree is to increase your earning potential†. Therefore, a good salary since people that have achieved a college degree are hired in at a higher pay and are considered to be much more employable. For the reason that I want  my own family, I would like to give them a good quality of life, and also provide inspiration to my children. In conclusion, I strongly believe that people should go to college. I feel good going to college because every time I learn something new. I am satisfied with every step Im taking to get more knowledge and grow as a person. Also, see my parents feel proud of me is priceless. In fact, I recommend going to college is worth and it is not a waste of time because college will give a person the tools to succeed in the field of their choice. By graduating from college, everyone can get a dream job and start to make those dreams come true.

Difference in Leadership Styles with First Born Children

Difference in Leadership Styles with First Born Children These children would want to achieve a lot. They set high standards and they are perfectionists. It is also stated that they focus on achieving the goals in the educational and occupational settings. The transformational leaders are always driven to achieve the goals set. They are also concerned with helping others solve their problems. They are motivated. They have a vision and they try had to achieve it. They encourage others to achieve and fulfil the goals of the organization. The first born children tend to be hard working. They possess authoritarian characteristics. They want to fulfil the expectations of the family. They are responsible. They are set to achieve their goal. They conform to the rules as they need to fulfil the expectations by the parent. Since they act in the same way their parents they tend to inspire others. They have qualities of others as they have grown up with the parents around and tend to pick those up. Hence, based on the above descriptions it was deduce d that the only children and first born tend to have most often the same characteristics. Many researchers have concluded that only-children and first-borns, regardless of gender, appear to be academic achievers as compared to later born children (Coleston, 2008). Thus, the hypothesis that â€Å"There will be no significant difference between Only children and First born on Transformational Leadership style† was formulated. Transactional Leadership Style Transactional leadership style mainly focuses this attention on the role and task and how this is related to the performance. The transactional leadership theory states emphasize on the relationships that are formed between the leader and follower on account of various exchanges (Burns, 1978 cited in Wheatley, 2010). In 1978, according to Hollander he theorised this leadership as to have various dynamic process. These were mainly in relation with the leader and follower and the interpersonal interactions among the two. These leaders were responsible to give clear instructions. They would reciprocate with the follower and respond to them appropriately. This in turn increased the leader’s influence on them (Hollander, 1978 cited in Wheatley, 2010). These leaders rewarded and gave the followers acknowledgement when the expectations or the goals were met. These leaders mainly negotiate and their roles and responsibilities and there is mutual respect and influence. According to Hei fetz in 1994, these leaders influence their followers and they are also under the followers as it is a reciprocal relationship. According to Burns 2003, leaders who are involved in both the simple and complex situations and they try to achieve the organizational goals (Wheatley, 2010). Only children never lack companionships. From an early age they are used to playing alone with their toys and not forming relationships much. Their job satisfaction most often depends on their urge to attain perfection. An only child will find a setting where they can work alone rather than in a team (Leman, 2009 cited in Murphy, 2012). The first born children are well organized. They feel they must be perfect in everything that they do. They stick to authority and they follow the rules (Kalkan, 2008 cited in Murphy 2012). First borns are seen as highly motivated and most often take charge of the things. First born children generally hold the dominant role over the younger siblings in the family (Tucker and Updegraff, 2010 cited in Murphy, 2012). They often fill high positions of authority in their professions. They set high goals for themselves and they generally would do anything to achieve the goals that they have set (Leman, 2009 cited in Murphy, 2012). According to the above literature review it has been seen that only children prefer working on their own rather in a team and also try to seek perfection. The transactional leaders share a relationship with their followers and clearly explain the roles. The first borns try hard to seek perfection. They are very motivated and do anything to achieve their goals. Hence, the hypothesis stating that â€Å"There will be no significant difference between Only children and First born on Transactional Leadership style† was formulated. Laissez faire leadership style These leaders generally cause confusion as they are in leadership positions but they are not working or associated with any kind of responsibility. They are inactive. (Bass, 1990 cited in Hartog et al 1997) reported negative correlations on laissez-faire leadership and this in turn results in the performance, effort and attitudes. This is the most inappropriate way to lead someone. There is not enough motivation given by them. A leadership theory by Kerr and Jermier proposed that subordinate, task, and, organization are the main characteristics. When there is no leader role the subordinates could be empowered to do work and thus this can result in transformational leadership (Hartog et al 1997). Only children are higher on taking initiative and personal aspiration. They are highly motivated. They focus on educational or occupational achievement more often. These children have stronger individual identities (Mellor, 1989 cited in Collins, 2006).The first born children are often seen as powerful and influential (Murphy, 2012). They operate as being responsible for their family members and in return about the productiveness of them. When they feel that the productivity has not been attained they feel that they were not good enough for the job (Hoopes Harper, 1987 Cited in Klas, 2002). According to the above literature review it can be seen how only children are seen are very motivating and focused. The laissez faire leadership style is one where there is no leadership role taken and they are irresponsible. The first born children are seen as powerful and taking initiative to complete a task. Hence, the hypothesis â€Å"There will be no significant difference between Only children and First born on the Laissez faire leadership style† was formulated. 2.2.1 ii Only children and Last Born Only children according to Adler will occupy a unique position as they don’t have another sibling to compete with. The only child generally becomes the focus of attention to the family (Havighurst, 1960; Leman, 1998 Cited in Klas, 2002).They lead their life with dependence and self-centeredness. They gain their family’s attention throughout their childhood. Later on in life there is this awakening where they are no longer the focus of attention anymore. They never had to compete with others. They usually have difficulty interacting with their peers (Hjelli et al., 1992). Only children do not have the habit of sharing their things with others this by default comes across as being selfish (Leman 1988, cited in Klas, 2002). The Last born children are considered the most outgoing and secure one in the family. They are generally the least academic ones (Herra, 2003 cited in Collins, 2006). They are looked as the least capable one when compared to their siblings. They are also looked as having less experience in comparison to the other siblings in the family. These children may become discouraged as they are not able to fulfil the expectations set by their older siblings and hence they are considered as failures. These children possess strengths such as caring, outgoing, thoughtful and empathizing which are certain personal skills that the other siblings tend not to possess (Snow et al, 1981 cited in Collins, 2006). Transformational Leadership Style In Transformational leadership however, the leader fails to understand followers motives and needs. The focus shifts from the need of the leader to the followers needs. By gaining an understanding of their followers needs, the transformational leader can potentially convert followers into leaders (Chandan et al, 2014). Hence, the hypothesis â€Å" Only children will be higher on Transformational Leadership style as compared to Last Born† was formulated. Transactional Leadership Style According to this theory there is an exchange of rewards between the leaders and the followers. Transactional leaders try to motivate their followers through extrinsic rewards. The roots of Transactional leadership theory is grounded in the social learning and social exchange theories, which recognize the equal nature of leadership. Bass and Avolio described contingent reward as that when the leader will give the subordinate once they have achieved goals that were agreed to. Contingent reward is therefore the exchange of rewards for meeting agreed-on objectives. Transactional leaders can also act by relying on active management by exception which occurs when the leader monitors followers to ensure mistakes are not made. In passive management by exception, the leader interferes only when things go wrong (Chandan et al, 2014). Only children are more autonomous when it comes to personal control. Only children prefer being around things than people. This has been seen from an early age where they play with toys rather than mixing with others. When the other person who the only child interacts with does not understand what he/she is trying to say they often get frustrated (Isaacson, 2004 cited in Murphy 2012). Last born generally have a drive for passion in their live. They strive for different type of success most often to a new innovate way something in which they can excel in and not the same field as their siblings. They are attracted by new ideas and innovations. They haven’t had much of the valuable experiences at home instead they are seen more sociable as they have opportunities outside their homes to develop these social skills (Snow et al, 1981 cited in Collins, 2006). According to the above literature review it can be seen that only children prefer working on their own. They do not like when others do not understand them They prefer things over people. The transactional leadership style is where the leader has a reciprocal relationship with the follower. They motivate their followers by giving rewards. Hence, the hypothesis â€Å" Only children will be significantly lower on Transactional Leadership style as compared to Last borns† was formulated Laissez faire Leadership style These leaders allow the group complete freedom in decision making. They never took part in any discussion of any kind. They dint not participate in working towards a goal as well. There were no appraisals also given to their followers. Hence, as it can be seen by the above literature review that the last born children are more sociable and they have innovate ideas which they excel in and especially good social skills. It can be seen since the last born children would be able to express their needs and give the rewards to their followers as compared to the only children. The hypothesis that â€Å" Last born will be higher on Laissez faire leadership style as compared to only born† was formulated. 2.2.1 iii First Born and Last Born First Born generally behave in a more mature way as they have interacted with adults mostly. They are hence expected to assume responsibilities. They resent having to serve as the models for their younger siblings. They also have to take care and look after their younger siblings. They generally conform to the wishes of the group they belong to. They generally give in to the wishes and are suggestible as they have always conformed to their parent’s wishes most often. They have been overprotected and hence there could be a lack of aggressive behaviour. The generally develop leadership abilities and this happens as since they were small they had to assume responsibilities at the house. They are often seen as bossy to others. They are usually really high achievers and sometimes even overachievers and this is due to the parental expectations that make them perform as they need the parent’s approval for almost everything. They feel replaced by the other sibling and therefore try and achieve a lot of things to gain the approval of their parents. They are unhappy and this stems as they feel really insecure after the other younger sibling has come into their lives (Hurlock, 1981).First born and last born generally occupy different positions in their family. First born constantly keep rankly themselves in relationship to the other people present around them. They generally tend to be more conscientious, intellectual, and socially dominant than later born. On the other hand, later born children are more agreeable, socially gregarious, and non-conforming. First born were always used to the attention given by their parents until the sibling was born, this led to feeling of dethronement and they became more dominant. Later born on the other hand were more agreeable and less conscientious as compared to First born (Sulloway, 2001 cited in Roach, 2006). Last born tend to be wilful. They are spoilt by the family and pampered. There wasn’t much discipline given to them and the parents were not that strict. They had greater feelings of security as there was no displacement for them. They are protected by their parents when the older sibling verbal or physically attack them. This is why they are more dependent and in turn they are irresponsible. They generally underachieve as they do not have much parental demands. They have extremely good social relationships outside the house. They tend to be popular but not good leaders due to their lack of responsibilities. They tend to be happy due to the attention they have received (Hurlock, 1981). Transformational Leadership style They are those people that encourage and motivate the followers to achieve the goals. A transformational leader mostly needs to make decisions quickly. They take each opportunity that is presented to them. These leaders are very persistent. They have a vision and are passionate about it. They possess values such as conviction and a good character. These leaders are caring and they respect other individuals. These leaders are competent as well. These leaders tend to see that their vision is achieved in the organization. They see that there is a change brought about in their subordinates. They are innovative. They tend to integrate the creative insight and intuition within themselves. These leaders focus on the other aspects looking towards the future and not just the current situation they are faced with (Bhargava, 2003). According to the above literature review it can be seen that the first born are more responsible as they have grown up with adults. The last born tend not to take up responsibility and they tend not to be good leaders. This helped in concluded and formulating the hypothesis that â€Å" First born will be higher on Transformational Leadership style as compared to Last born†. Transactional Leadership style Transactional leadership style mainly focuses this attention on the role and task and how this is related to the performance. The transactional leadership theory states emphasize on the relationships that are formed between the leader and follower on account of various exchanges (Burns, 1978 cited in Wheatley, 2010). In 1978, according to Hollander he theorised this leadership as to have various dynamic processes. These were mainly in relation with the leader and follower and the interpersonal interactions among the two. These leaders were responsible to give clear instructions. They would reciprocate with the follower and respond to them appropriately. This in turn increased the leader’s influence on them (Hollander, 1978 cited in Wheatley, 2010). These leaders rewarded and gave the followers acknowledgement when the expectations or the goals were met. These leaders mainly negotiate and their roles and responsibilities and there is mutual respect and influence. According to H eifetz in 1994, these leaders influence their followers and they are also under the followers as it is a reciprocal relationship. According to Burns 2003, leaders who are involved in both the simple and complex situations and they try to achieve the organizational goals (Wheatley, 2010). Last borns are considered as saviours of their family as they give more emphasize to the accomplishments and achievements of their older siblings and this gives them a sense of position of esteem and significance (Stewart et al, 2001). They tend to lack in maturity as they have been pampered by their mothers more often. Since they are given more attention by their mother their extraverted ego is being fed and this is a reason they are considered to be more creative (Nakao et al, 2000 cited in Collins, 2006). According to the transactional approach there exists and active relationship among the leader and follower where they are seen to influence one and another. The leader generally gives rewards to the follower and tries not to use authoritative measures (Wheatley, 2010). Younger siblings are described as being co-operative and outgoing. Investigations have also confirmed that middle born and last born are socially adept as compared to the older siblings (Coleston, 2008). According to the above literature review it was seen that the last born are seen more co-operative as compared to the older sibling who is more authoritative. Hence, the hypothesis that â€Å" Last born will be higher on Transactional Leadership style than First born† was formulated. Laissez Faire Leadership style The laissez faire leadership style is extremely the opposite of the other two leadership styles that are active. This is mostly linked to negative outcomes where there is low motivation seen by the leaders (Wheatley, 2010). There is an absence of any kind of Transaction (Wheatley, 2010).They are very passive leaders (Yammarino Bass, 1990; Yammarino, Spangler Bass, 1993, in Hartog et al 1997). These leaders generally avoid the decision making of the team. They also avoid supervising and taking up this responsibility. First-born when compared to last born children and middle children found that they are more socially adept than the rest. It was seen that the first born and only children had similar traits. They tended to be more self-confident, conscientious, responsible and less empathetic. The younger siblings were seen as rebellious and risk takers (Coleston, 2008). The first born children help to mentor their younger siblings. They tend to be good caretakers. The parents give more attention to the first born as compared to the last born. The last born generally don’t take up responsibilities as the older sibling most often does that for them ( Kluger, 2011 cited in Murphy, 2012) According to the above literature review it can be first born will be more confident and responsible as compared to the last born. The will take up initiative and not rebel as compared to the last born. The laissez faire leadership is one where there is no supervising or responsibility taken. Hence, the hypothesis â€Å" Last born will be higher on Laissez faire leadership style as compared to first born† was formulated. 2.3. Summary The given chapter included a detailed literature on the variables that are studied. The hypotheses that were formulated were based on the reviewed literature and were hence inferred.

English Studies :: Teaching Education Essays

Feminist and Critical Pedagogies in English Studies This is going to be one of those classes that I look back upon and say, à ¬Wow, that course really changed the way I think about things.à ®I have been thinking a lot about what I want to say in this statement and now that I am finally writing it, it seems I am at a loss.I know, though, that the affects of this class, for me anyway, will be far reaching.It has helped me to think in new ways about a multiplicity of things: empowerment, nurturance, the rhetoriticity of race and gender, power, what it means to be an intellectual or a professional.If I were to try and sum up the immediate (and what I would think are rather superficial in that I think the influence of this class upon who I am as a citizen/teacher/woman/student/intellectual is only just beginning) impact that this course has had upon me, I would say that it has helped me to begin to think of writing/teaching/living as both public and private acts at the same time.Reconciling the personal and the public aspects of my life, à ¬moving away from oppositions and towards multiplicities in [my] thinking (reading essay7)à ®, and thinking of myself not in terms of à ¬this-or-thatà ® but à ¬both/andà ® have been continuous threads throughout my reading essays. I think that taking this class at a time in my life where I was experiencing teaching my first college course helped me to be very open to many of the ideas within the texts we read.I was constantly looking to the readings that we did in relationship to how they might help me become a better teacher/professional/student/person.I was always looking at them and trying to make meaningful connections between what I was reading and what I am living.And it worked.I began to look at myself and see how I occupy multiple subject positions in society and how those subject positions influence not only how I am seen by others but how I see others and myself.For example, I began to see how I am seen by other people, not just as a graduate student, but as a woman graduate student.This might sound like I am whining or trying to make an argument that we are living in a sexist society, but thatà ­s not my point.My point is that I am seen as both a woman and a graduate student at the same time.

Averting Problems in the New Millennium Essay -- Technology

Averting Problems in the New Millennium As we approach the end of this century, many people have raised concerns regarding the serious issues surrounding the Y2K problems. Although no one knows precisely what will happen on January 1, 2000, the general opinion is that Y2K related problems will cause failures of basic services including utilities, water and phone service. Contrary to popular opinion, I believe that the Y2K problems will have more of a positive effect on our society because it has caused us to analyze more carefully, the data and the technology we rely on in everyday situations. In addition, the new millennium will usher an era of tremendous opportunities for technological advancements in our society. In other words, the current preparations to avert a Y2K crisis, has given us an advantage which will minimize technological breakdowns in the future and create new technology which will ensure a relatively smooth transition into the new millennium. The main focus of our concerns regarding the Y2K crisis is the fact that we know precisely when it is scheduled to begin and "this appointment with destiny cannot be postponed or avoided" (Jeffrey 10). During the past eighteen months, we have been bombarded with extensive information in the media regarding the Y2K problem including predictions on how it will impact our society. This problem can be traced back to approximately forty years ago, when programmers in the fledging computer industry made a fateful decision to save memory and space by recording year dates with only two digits. Unfortunately, no one anticipated that these early computer programs and mainframes would still be using these systems in 1999. As a result, this technological glitch may cause compute... ...other utilities, hopefully for short periods and the worst case scenario, could be a few weeks. However, these incidents will not translate into doomsday proportions and will not mean the "end of the world" as we know it. There is less reason to panic over Y2K because unlike the many natural disasters that we experienced in the United States we were able to proactively address this crisis. I am certain that we will witness one of the best New Year's Eve celebration in this century as the Waterford crystal ball is expected to drop and glow " 2000" in brilliant lights and the city lights will stay on. Works Cited Gould, Stephen Jay. Questioniung the Millennium. New York: Harmony Books, 1999. Seymour, Jim PC Magazine. "The Year 2000 Countdown" New York: April 1999. Jeffrey, Grant R. The Millennium Meltdown. Toronto: Frontier Research Publication, Inc., 1998.

Differences Between Troy Movie and Iliad

The differences between the movie â€Å"Troy† and the poem â€Å"Iliad† and the explanation of why they occurred? The film Troy which is directed by Wolfgang Peterson has been deeply influenced by the epic poem, the Iliad. This work is generally credited to the Ancient Greek poet named Homer. Both the film and the poem have the same ending plots, such as the blockade of Troy by the Greeks, the disagreement between the warrior Achilles and the king Agamemnon and these actions started when the prince of Troy Paris who took the wife king Menelaus of Sparta with him.However there are many main differences related to these plots. These differences include some very major characters dying in the Iliad and surviving in the film troy, the time of the death of characters, and the relationships between the characters. Some of the major differences between the film and the poem are:   1. In the Iliad the war took 10 years in the film Troy it only took 17 days. 2. In the Iliad, P atroclus was not the cousin of Achilles, only a friend. 3.There is no mention of the horse in the Iliad. 4. In the poem, Paris is killed, Hector’s baby is killed, and Hector’s wife is the slave of Greek however in the film Troy they escape safely. 5. Agamemnon was killed by his wife, â€Å"Clytemnestra† in the Greece after the war, not by Briseis who kills him in the film. 6. Hector was too scared of Achilles to fight him and he ran away around the walls of troy 3 times. 7. In the movie Agamemnon brought the kings together for this war, which is not true in the Iliad. . In the movie, Briseis is a member of Priam's family but in the poem, she was simply a slave girl. 9. The movie tells that Achilles is so arrogant that he does not respect Apollo and the Iliad tells that Achilles respects the gods and goddesses. 10. The movie hasn’t shown any close relationships between the Greeks and Trojans and their gods and goddesses. The Iliad demonstrates the close in teractions between the gods and goddesses and their followers.The reason of these differences in the film Troy and the Iliad are to convenience of the director and for entertainment. If the film remained same as the poem â€Å"Iliad† then the movie would have received more limited ratings and decrease the amount of the audience. They would earn less money for the publishing company. Director attempted to make the film more likable by making the film a more feel good by letting Paris, Hector’s wife, Hector’s baby, Helen and Briseis escape with citizens of Troy which created an environment of hopes.The film would have appeal to lower amount of people, if Paris, Hector’s wife and baby had been killed. Many people would have feel frustrated by watching everyone dying that’s why the director did not remain true to the Iliad but in the Iliad there is really no hope left for Troy. There is no other reason for these differences except from money and as all the major and small differences are observed, it becomes very obvious that the film was moulded to a modern day audience with modern day expectations of the film.

Class Classifications

The following essay is based on the movie Elysium which conveys a futuristic view of humanity's evolution whereby Earth's wealthiest fled the planet to preserve their way of life leaving the financially unstable and the sickly behind. Social inequality In the film Elysium Is constructed by depicting a dyspepsia society (Elysium 2013) This can be evidenced through the Imagery, architecture, agricultural landscape, language, Ideas, values and norms portrayed In the movie (Giddiness, A 2009). Social Inequality In the film Elysium is constructed by depicting a dyspepsia society.Elysium explores sociological themes such as class issues, poverty, immigration, over population, healthcare and exploitation, social inequality, mobility. Social inequality is depicted on earth whereby its citizens were classified as a minority group and were limited to their social status and class stratification (Elysium 2013). First we consider material inequality which was evident in the movie due to disparit ies of income, property and wealth. Secondly, inequality associated with employment and the labor market and thirdly, inequality arising from the lack of healthcare resources and education yester.Social mobility Is the movement of an Individual or a group in a social position to upper or lower classes In the means of health status, literacy and better standard of living through migration to Elysium as asylum seekers to escape their socio- economic level as refugees (Dodd, J. J 2010). Attributes such as age, gender, race or ethnicity further distinguish people in terms of class and status in context of femininity and hegemonic masculinity, depicting the dominant social position of men and women in Elysium and on earth on how gender in terms of employment are resent on earth as well.Most importantly how all these pieces of popular culture is reflective to the current Australian society in their similarities and disparities. Social mobility is essential to the plot of the movie as most of the citizens on earth aspire to a higher social class for a better standard of living (Dodd,J. J 2010). Social inequality is constructed in the film In the film by depicting a dyspepsia society. This Is evidenced through the Imagery of earth, the architecture of buildings In ruins, landscape, language, Ideas and norms.The infrastructure on earth Is dilapidated, not maintained and cared for, the environment Is a barren wasteland with high levels of pollution from industrial outlets. Earth was mainly used for the manufacturing of droid's where the lead character was employed for assembling them. Droid's were utilized to police and keep order on the vastly populated earth. Lack of educational facilities on Earth affected children who became â€Å"dreamers† for a better world with an inevitable future of despair (Elysium 2013). The work force on these druid factories wowed the disparities of status in the employment hierarchy.John Carlyle the CEO of Marlene, had a separate of fice whereas the employees and supervisors were on the floor. The CEO only Intervened when there was adherence in production. The character portrayed emotional detachment to the employees treating them as If they were mere objects. (Western, M & Baxter, J 2007). In Elysium, the environment had a very sterile and futuristic look, well planned and Idyllic to the citizens. Everything on earth Is In despair and decline, the rich on the other hand have every resource available to them in their paradise in space.The landscape is beautifully maintained, two worlds is evident and the introduction of the movie constructs this accurately for the viewer's portraying the severe inequality in the social class stratification. On Elysium the privileged strive to preserve their prestige lifestyle whilst on Earth the citizens are left to fend for themselves to struggle amongst overpopulation, poverty, low healthcare standards. (Garage, B 2002). Australia is an egalitarian society, however social ine quality exists to quite a large extend.There are numerous inequalities present in the Australian society which has a propensity to divide the community into different groupings (Heinlein, J, Passim, A & Passim-linseed, A 2014). According to (Garage, B 2002) Mar's approach has been extremely useful in understanding inequality in Australia today. However, the revised approach from Erik Olin Wright argues that importance of education in the twentieth century led to groups arising whose economic roles were determined by educational qualification and expertise rather than work done with hands (Garage, B 2002). Inequality inAustralia is largely dependent on differentiation of social classes. The working class represents the largest class in the workforce and the capitalist class the smallest portion of the workforce. (Heinlein, J, Passim, A & Passim-linseed, A 2014). In (Dodd, J. J. 2010) the possibility of upward social mobility is strengthened through belief in one's own life and these ideas are re-in forced through movies and the American culture. Social mobility can be understood as the â€Å"movement of individuals and groups between different class positions as a result of changes in occupation, lath or income†. Giddiness, Dunedin, & Applesauce, 2007). Material inequality of the labor force and poor work management led to the main character Matt Damon being lethally exposed to radiation. He was given a bottle of pills but no proper medical care. Matt Damson's character was exploited by the capitalist class for capital gain and once he was no longer able to contribute to the workforce he became a liability and let go. As a result of, the main character had no choice but to go through intergenerational mobility, a change in class position.Social interaction is drastically sacking on earth, there is no face to face interaction. The robots act as authority figures and do not react in relation with the citizens. They follow standards of conduct and behave ac cordingly, showing no emotions which are key elements of social interaction (Furze, B, Saw, P, Bryn, R & Lie, J 2008). The belief of a possible upward social mobility is are reinforced in the movie and in the modern Australian society. Upward social mobility is central to the plot and the outcome of the story in Elysium.According to Marx, class is defined as where a person stands in regards to reduction (Capital Industry) whereby the democratic society of Elysium act as the â€Å"bourgeoisie† who own the means of production and dictate to the residents on earth who are the â€Å"proletariat's† and perform labor intensive and manual tasks. Both the bourgeoisie and proletariat's had opposing interests leading to hostility and conflict. In Elysium the opposing interests between the capitalist and working class led to hostility and conflict.The working class became impoverished and disadvantaged which led to a revolution for upward social mobility to improve their circumst ances Garage, B 2002). Another very key issue that was portrayed in the movie was the concept of ethnicity, looking at Australia which has a complicated history where Just under a quarter of its population are first generation migrants. It is a multi-cultural cultures of people residing together which made them feel a sense of belonging towards one another based on cultural similarities like language spoken, religion, food and lifestyle patterns.On Elysium the residents were indifferent, all vastly wealthy and are almost white compared to earth. They built hierarchies and lassie people into categories mostly on the basis of class and status. Since they were wealthy they believed they were far more superior and smarter to the lower class thus forcing them to seek refuge on earth to perish or survive the atrocious conditions on earth. Popup,J 2002) States that Australia is an immigrant society. Continual immigration has attributed to the affluent society that we have present today.Ass imilation due to the increasing number of immigrants in the Australian Society meant disappearance of many characteristics which differentiated individuals room each other. Popup, J 2002). Since Earth being a manufacturing and industrialized society, the idea of masculinity was interpreted and men were usually bread winners as hard labor was required. Femininity was constructed as the women on Earth were utilized in domestic duties and offered health care services to the sick and injured (School, S, Buskin,J & Long, J 2002.On Elysium feminism in regards to gender plays a pivotal role where Jodie Foster who plays the role of Secretary of Defense shows no tolerance to refugee/ asylum seekers and orders execution even before they reach Elysium (School, S, Buskin,J & Long, J 2002). However, the CEO and the president are male in gender which portrays patriarchy depicting a male dominance hierarchy in governance (Bolton, T, Bonnet, K, Jones, P, Lawson, T, Skinner, D & Stonewort, M 2002).T he citizens on earth who strives to migrate into Elysium were a minority group which was further distinguished into small groups, in context with ‘mechanical solidarity Druthers stated that † what holds these small groups together is a ‘shared collective† where there is not much differences in the beliefs of the society once they expanded (Day, G 2006). It was the sameness of status that the citizens had which made them work together as a unit through understanding each other's values and norms (Day, G 2006). Staying on earth was not out of free will.It was taken away from the lower class thus they were treated like slaves. Women were perceived as a minority group in context with class stratification whereby they did not have equal privileges in the society. It is understandable that social inequality does exist in the current Australian society however, the lower classes have the opportunity to halogen the set social order and improve their class status thro ugh upward social mobility. Education plays a significant factor as the well learnt can strive for high income earning positions that will contribute to their personal and capital wealth.In Australia, education is available to people of all classes and there is no barrier to it. Thus, the opportunities and privileges previously available to the higher social class can now be attained by an individual from a lower class allowing them to be socially mobile and to better their lifestyle. Class and ethnicity play a significant role in the rent Australian society as it distinguishes individuals. Individuals in the same social class may not experience the same status as modern societies are more complex and can be stratified in several ways.