Banking Industry Meltdown: The Ethical and Financial Risks of Derivatives Steven Young Strayer University Dr. Mary Tranquillo Business Ethics: Ethical Decision Making and Cases November 29‚ 2012 Determine which moral philosophy (as discussed in chapter 6) is most applicable to an understanding of the banking industry meltdown Moral philosophy in business is hard to classify‚ especially in today’s economic times where there are government bailouts‚ loss of paying jobs‚ home foreclosures
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ethics using the understanding I gained during the E100 course. The paper also discusses why I selected virtue ethics as my personal philosophy and how I might best apply my personal philosophy to my professional and personal life. Virtue is a trait of character manifested in habitual action‚1 and virtue ethics is what makes the character traits of people (e.g.‚ bravery‚ greediness) virtuous or vicious. About 2500 years ago‚ Aristotle‚ one of the most well known names in philosophy stated that the
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Tutorial Answers: Chapter 5 2. (a) More‚ because your wealth has increased; (b) more‚ because the house has become more liquid; (c) less‚ because its expected return has fallen relative to Microsoft stock; (d) more‚ because it has become less risky relative to stocks; (e) less‚ because its expected return has fallen. 7. In the loanable funds framework‚ when the economy booms‚ the demand for bonds increases. The public’s income and wealth rises while the supply of bonds also increases
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Candelaria Education Philosophy and Rationale In the field of education every teacher has a personal philosophy. A set of views and theories‚ used by educators to teach and develop their students. This respective philosophy is woven throughout the style in which the teacher presents the curriculum to the student and how the overall environment of the classroom is presented. In this essay will be‚ not only the discussion of my personal education philosophy‚ but also the philosophies that I did not agree
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Education Philosophy and Rationale Teaching has been a tradition in our family. As a kid‚ I grew up with my aunt being an elementary education and my grandma as a teacher in preschool. It started with my grandmother in her late 30’s‚ teaching kindergarten in Taiwan. My mom use to tell me how great of a teacher she was. She would always find ways to make every student to be involved in her classroom. Other teachers in campus would always ask my grandmother for advices and strategy. Her philosophy was
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Banking Industry The Banking Industry was once a simple and reliable business that took deposits from investors at a lower interest rate and loaned it out to borrowers at a higher rate. However deregulation and technology led to a revolution in the Banking Industry that saw it transformed. Banks have become global industrial powerhouses that have created ever more complex products that use risk and securitisation in models that only PhD students can understand. Through technology development‚
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Understanding Moral Understanding Throughout time there has always been this nagging question of what is right and what is wrong. As of yet‚ there is no universal agreement on the correct answer to that question‚ which leads to wondering: how do we even begin to make the decision of morals and where do they come from? Are morals imbedded in us from birth or are they programmed into us through life‚ nature verses nurture? According to psychology moral understanding is a process. No one starts
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Moral Philosophy “Principles or rules that people use to decide what is right or wrong” 1.TELEOLOGY:- * An act is considered morally right or acceptable if it produces some desired result‚ i.e.‚ pleasure‚ knowledge‚ career growth‚ a self-interest‚ or utility. * Theory that derives duty from what is valuable as an end‚ in a manner diametrically opposed to deontological ethics. Teleological ethics holds that the basic standard of duty is the contribution that an action makes to the realization
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MORAL PHILOSOPHY What is moral philosophy ? Moral philosophy is the branch of philosophy that is concerned with ethics. Ethics can be defined as the study of right and wrong in human endeavours‚ it helps one to answer such questions as what is the proper course of action in a given situation‚ what one should do ? It helps us identify the moral correctness of our conduct. From the very dawn of philosophy right up until this very day‚ ethics has been at the very core of the rational thinkers cognizance
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Everyone human being on the planet carries with them a moral philosophy of some sort. For some people it is a way of life‚ and they consult their philosophy before making any moral decision. However‚ for many their personal moral philosophy is undefined or unclear to them. Perhaps these people have a philosophy of their own that they abide to; yet fail to recognize that it exists. What I hope to uncover with this paper is my moral philosophy‚ and how I apply it in my everyday life. In my life
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