Post Event Evaluation Essay Example | Topics and Well Written Essays - 3000 words

Post Event Evaluation - Essay Example Businesses increasingly are supporting events to promote their services and products to the market and for charity activities. Different authors have defined events and theoretical constitutions of events. This enables us to classify the types of occasions are can be termed as events. According to Bowdin et al (2012), Governments now support and promote events as part of their strategies for economic development nation building and destination marketing. Other authors hold that events are more of social or staged activities. This means that events are composed of activities although mere activities ac not be categorised as events (Getz et al, 2007). This is because activities involve liveliness, energy and involvement but with events, there is a theme which accompanies those activities. The UK and various countries and cultures within it, have a rich tradition of rituals and ceremonies extending over thousands of years. These traditions, influenced by changes within society, have greatly influenced many events as they are celebrated today. Some of the events initiated in the UK in the traditional period still function religiously up to now. Example, King John initiated an event known as ‘The Lord Mayors Show’ in 1251 and which has continued to be pra cticed today. Currently, the lord mayor’s show is the largest parade of its kind in the world. LMS (2013) explains how the Lord Mayors Show has floated, rolled, trotted, marched and occasionally fought its way through 798 years of London history, surviving the Black Death and the blitz to arrive in the 21st century as one of the world’s best-loved pageants. While the ‘The Lord Mayors Show’ is categorized as a cultural celebration and a parade, it can be categorized as an event as it has been listed under the Getz et al (2007) ‘Typology of Events’. Getz et al (2007) provides further description towards these events as a joyful occasion and a day to observe

Economic Policie for the Monetary and Fiscal Policy Coursework - 1

Economic Policie for the Monetary and Fiscal Policy - Coursework Example According to the paper losed economy is algebraically represented as Y = C(I,Y)+I(i)+G(t),while the LM curve is represented by L(i, Y) = Ms.When the Is curve is vertical the monetary policy tends to be most effective since the key parameters in this case include interest rate and income. In a closed economy, IS curve is the interest rate at which the commodity market is at equilibrium at a given income level. This can be expressed algebraically as Y = C + I + G, where Y is the equilibrium income is the level of consumption, I is the level of investment and G is the government expenditure. It is worth to note that consumption is a function of income while investment is a function of interest rate and government expenditure is a function of tax. Using the equation given above, Y = C + I + G, but C = 100 + 0.4(Y – T) and when this is substituted into the IS equation we obtain Y = 100 + 0.4(Y – T) + I + G, since I = 1000 + 0.1Y – 20i which when replaced to the equati on gives Y = 100 + 0.4(Y – T) + 1000 + 0.1Y – 20i + G,note that T= 300 finally the value of G = 100 which when replaced into the equation yield Y = 100 + 0.4(Y – 300) + 1000 + 0.1Y – 20i + 100. When this equation is simplified to give the IS curve we obtain 0.5Y = 1080-20i and the IS curve will be represented by the equation below; Y = 2160 – 40i. This stude highlights that LM curve is the interest rate at which the money market is in equilibrium at a given level of income. In this case Money demand equals money supply and this is algebraically presented as L (i, Y) = MS where L is the demand for money which is a function of income and interest rate, MS is money supply. Using the empirical figures given above, 5Y – 10i= 300 and this can be rearranged into 5Y=300+10i, this yields the LM curve of Y=60+ 2i. IS-LM curve can be attained where there is equilibrium in the commodity market and money market. Using the IS and LM equations and combining them we obtain i= 50 and Y = 160.