Statement of Educational Philosophy Essay - 1103 Words

Statement of Educational Philosophy A person’s philosophy of education is important because it affects the way that their classroom will be run. To be a good teacher, a person should genuinely like the students and want to make a difference in their lives, giving them the confidence to succeed. There are many things that go into developing an educational philosophy: The nature of the students, the nature of knowledge, the purpose of education, the method of education, and the curriculum. I believe that every student is very different. Each student should be treated as an individual and not be just grouped together without any personal identification of their own. Most children seem to learn better by watching adults rather†¦show more content†¦Not only good for themselves, but for other people as well. Education should encourage students to think for themselves because this is a skill that is used everyday. Another purpose of education is to produce honest people that will respect others. Education is important because without it we would be nowhere. There are many new things in the world that have come about by people gaining more knowledge through education and putting it to new use. As a teacher I hope to accomplish many things. I would like to inspire my students to be the best that they can. I want them to know that they can do anything if they set their mind to it. I want my classroom to be a fun place to learn. I do not want my students to dread coming to my class; I want them to enjoy my class as well as the whole learning process. My students should leave my classroom with the confidence they need to survive in the world today. I think that the method of teaching varies from student to student. I think that the Socratic method† would work as a basic method in most cases. Dialogue, discussion, and debate seem to be very effective in the classroom. I also agree with Rousseau in that the child should be happy and in an environment that promotes the desire to learn. I agree with the pragmatic view that process is more important than product. It is more important that a student understands something and is able to progress than if they make an A. AsShow MoreRelated Educational Philosophy Statement Essay1327 Words   |  6 PagesEducational Philosophy There have been many philosophies passed down through the years by many great educators. Views and opinions that have varied from individual to individual. Some ideas were widely accepted and others were not. I feel that it is important for every educator to obtain their own individual educational philosophy. An individual philosophy is good way to help an educator become grounded in what they believe and strive to make that philosophy happen in the classroom. It is a beliefRead More Statement of Educational Philosophy Essay865 Words   |  4 PagesStatement of Educational Philosophy Ever since I was in the seventh grade I knew that teaching was the profession for me. I had a wonderful teacher, Cathy Adkins, who was and still is my greatest inspiration. She was not like any teacher I had in the past. She was different. I call it the â€Å"personal effect,† because she just wasn’t a teacher, she was a friend. I know we are taught not to make friends with students, but it really does make a difference. I want to be the kindRead MoreEssay on Statement of Educational Goals and Philosophy689 Words   |  3 PagesStatement of Educational Goals and Philosophy I can still remember coming home from school after an exciting day in the first grade. I would go straight to my room, line all of my dolls up in the floor, and â€Å"teach† them everything I had learned earlier that day. But of course, not every child who pretends to be a teacher in his or her early years actually becomes a teacher. So although I enjoyed â€Å"teaching,† I never really considered it as a choice for my life-long career. Read MoreEssay on Statement of Philosophy and Educational Goals760 Words   |  4 PagesStatement of Philosophy and Educational Goals In the following report, I will be discussing my personal philosophy on education and my educational goals. My philosophy will include some of my personal opinions on the nature of students, the nature of knowledge, the purpose of public education, teaching methods and the importance of curriculum. My educational goals will focus on my development plans and future education. I feel that it is natural for students, or forRead MoreEssay about Statement of Educational Philosophy1058 Words   |  5 PagesStatement of Educational Philosophy During my public school years, I played practically every role possible in the classroom. At one time or another, I was the most popular student, the kid everybody picked on, the genius, the dummy, the teacher’s pet, and the student that the teachers wished would stay home. After playing all these different roles, I’ve come to the conclusion that each one is needed for a well-rounded classroom. Each has something special and significant to offerRead More Statement of Educational Goals and Philosophy Essay1159 Words   |  5 PagesStatement of Educational Goals and Philosophy As children we have many goals and dreams. Eventually, the time comes when we have to make a career decision based on our interests and goals. The choices that we make now will have a lasting effect on our lives. Like most college students I have explored many career options, but I am always lead back to the education field. Teachers have a very difficult job because they have the power to shape and inspire our future nation. AlthoughRead More Statement of Educational Goals And Philosophy Essay1874 Words   |  8 PagesStatement of Educational Goals And Philosophy The nature of students is that of an instinctive ability to learn. Students of ages and all grade levels reflect their surroundings and respond according to their interpretation. Naturally it is not only the influence of a classroom that shapes a student but many outside factors that determine students’ goals and abilities; for example, healthy encouragement from parents. Students may find a natural ability to perform in one areaRead More My Educational Goals and Philosophy Statement Essay867 Words   |  4 PagesMy Educational Goals and Philosophy Statement I believe that each child is a unique individual who needs a secure, caring, and stimulating atmosphere in which to grow and mature emotionally, intellectually, physically, socially, and academically. It is my desire as a future educator to help students meet their fullest potential by providing an environment that is safe, supports risk-taking, and invites a sharing of ideas. There are two elements that I believe are essential to establishingRead More Statement of Educational Goals and Philosophy Essay examples1059 Words   |  5 PagesStatement of Educational Goals and Philosophy Knowledge is a very powerful thing, and to be able to deliver this to today’s youth has been a dream of mine for a long time. There are many advantages to teaching. I feel that is a very fulfilling profession. I have seen my sister in the classroom, and it greatly inspired me to want to make a difference in some ones life. Through watching my sister in action I was inspired to follow in her footsteps. I believe that each child has the willRead MoreEssay on My Educational Goals and Philosophy Statement1439 Words   |  6 PagesMy Educational Goals and Philosophy Statement The most important function of education at any level is to develop the personality of the individual and the significance of his life to himself and to others -Grayson Kirk. The teaching philosophy of progressivism focuses on developing the whole child. This philosophy not only teaches the core subject material, but it also allows the teacher to help develop the person the child is going to be. John Dewey, founder

Adolf Hitler Essay - 935 Words

Adolf Hitler Adolf Hitler changed the course of history. His childhood strongly shaped his personality. There were many deciding factors that determined the kind of person Hitler finally became. Adolfs father was Alois, an illegitimate child, his mother was Marie Schickulgruber. Alois took his fathers name Hitler before Adolf was born. Alois was already a successful border guard when he was 18, and later became an Austrian customs official. He retired in 1849 after 40 years of service. He was 58 and retired early because of bad health. After he retired he bought a nine acre farm near the small town of Hafeld. His dream was to live a country life, but the farm took much more work than he expected.†¦show more content†¦He was jailed twice for theft and led an unhappy adult life. He lived in Paris for a while and then moved all the way to Ireland, but when Adolf became famous he moved to Berlin and opened a cafe hoping to take advantage of his brothers popularity. Adolf disliked him and told his friends never to mention his name. When Adolf was born his mother was afraid he would die so she gave most of her attention to him. She treated the other two kindly but never with the same affection as she treated Adolf. Adolf liked his half sister Angela much better, but his baby sister Paula was his closest sibling. Paula too charge of his household, and remained faithful even after he became famous. Adolf was born in 1889 in Brounan, Austria, a small city on the German border. When Adolf was young, he took singing lessons and sang in the choir in a Benedictine monastery. Adolf did very well in elementary school until he became interested in art. As soon as he saw all the attention he could get from drawing he immediately began drawing pictures of castles and landscapes that amazed his peers. Much to his fathers disappointment he decided to pursue a career in art instead of following in his fathers footsteps. Since he did his drawing in class his school work suffered. Hitler said later on in life that he did bad in school so his father would let him pursue his career in art. At this timeShow MoreRelatedAdolf Hitler 794 Words   |  4 Pageshorrible attempt to annihilate certain races and religions was all brought upon by one man, Adolf Hitler. Adolf Hitler took power in 1833 and immediately started his plan to exterminate the Jews. Hitler had the Nazi party behind him and eventually thousands of soldiers to help him invade the many countries for living Jews. He held rallies where he had speeches to his followers and had what is called the Hitler Youth Movement that teaches the youth on what only the Nazi’s racial and political influenceRead MoreAdolf Hitler1820 Words   |  8 PagesAdolf Hitler â€Å"The one who does not remember history is bound to live through it again† –George Santayana Adolf Hitler is known for having the greatest impact on Europe in all of history, especially Germany. Although the majority of people look down on him for his mass murder of about 6 million Jews in a short time period, his story of influence on a whole country is incredible. He started out as a boy from a little town in Austria with nothing more than a paintbrush and a dream; a dream to becomeRead MoreEssay on Adolf Hitler1412 Words   |  6 PagesAdolf Hitler â€Å"Germany will either be a world power or will not be at all.† (Hitler 137) Hitler was driven by his hunger for power, causing the death of millions of innocent people. No one could have known the dramatic effect this man would soon have on the world. Adolf Hitler’s life began in Austria on April 20, 1889. Born at the Braunqu-am-inn. Hitler had four siblings Gustav Hitler, Ida Hitler, Paula Hitler, and Edmund Hitler. Gustav and Ida Hitler died in their infancy, while his brotherRead More Adolf Hitler Essay1353 Words   |  6 PagesAdolf Hitler When most people think of Adolf Hitler, they think of a cruel person who killed many innocent Jews. The majority of people do not think of Hitler as the type of guy who would write plays and librettos for operas. Let alone do they think of him as the type of person who loved to read Westerns and play cowboys and Indians as a kid. Was Adolf Hitler a bad leader? Was there a side of Adolf Hitler that the world did not see? Hitler’s life impacted the world in many waysRead MoreThe Rise Of Adolf Hitler1457 Words   |  6 Pagespeople who have elected them. The rise of Dictator Adolf Hitler to supreme power in Nazi Germany would prove to be an event in history that was totally inexplicable in any terms. He was an adventurer who desired to conquer the German people and dominate the entire world, reshaping it accordingly to his desires and pleasures. The evidence of his pestiferous acrimony is all around us, making it quite difficult to believe he did it all on his own. Hitler is one who emerges from obscurity to shake the worldRead MoreAdolf Hitler Essay12 77 Words   |  6 PagesAdolf Hitler 1889 - 1920 Adolf Hitler was born on April 20th 1889 in the small Austrian village of Braunau Am Inn. Hitler would one day lead a movement which would leave its mark in history. To understand him better, we must study his early life and roots. Family Information ================== Hitlers father, Alois was born in 1837. He was the son of Maria Anna Schicklgruber whose mate was unknown, but could have been Jewish. When Alois HitlerRead MoreAdolf Hitler Essay827 Words   |  4 PagesAdolf Hitler was one of the most feared and cruel men in world history, but how did he come to power? Hitler was one out of a few men to be feared by thousands of people. Hilter was responsible for killing millions of innocent people, mostly of the Jewish religion. He was the chancellor of Germany for 12 years and the leader of the Nazi party. He was a very important person in history, most notably during World War II. When Hitler was young he moved to a town named Vienna, this is where he acquiredRead MoreAdolf Hitler Essays1302 Words   |  6 PagesAdolf Hitler Hitler. The name says it all. He is said to be the incarnation of absolute evil. The devil himself. There have many dictators in the twentieth century that were considered harsh dictators; Mussolini,Stalin, Saddam Hussein, but no one like Adolf Hitler. Hitler’s rule over Germany had a major impact on history and the entire world. Adolf Hitler held the most powerful and cruelest dictatorship of the 20th century. Adolf Hitler was born April 20, 1889 in the small Austrian villageRead MoreEssay on Adolf Hitler1159 Words   |  5 PagesAdolf Hitler Adolf Hitler was born to Alois and Klara Hitler on April 20th, 1889. His childhood was unhappy, but not totally miserable. His father wanted him to be a civil servant, but Adolf wanted to become a painter. Hitler did well in Elementary school, but later on he failed miserably, which he blamed his teachers for. His father died in 1903, and Adolf dropped out of school two years later. In Mein Kampf (My Struggle), the autobiography Hitler dictated while in Landsberg prison in 1924Read MoreThe Impacts of Adolf Hitler1199 Words   |  5 PagesWhat impacts did Hitler have at the time and later in history? The start of World War II was one of the biggest impacts. There were many countries involved in this war. The major countries under the allies were Britain, France, U.S., Soviet Union, and under the axis also had major countries like the Germany, japan, and Italy. The Germany was at its peak. And it was all because of one man, Adolf Hitler, he was one of the most dominant German le aders in history, no doubt about that. Other great leaders

Literature and Politics the Impact of Dostoevsky - 9582 Words

LITERATURE AND POLITICS: THE IMPACT OF FYODOR DOSTOEVSKY Dostoevsky and the Legend of the Grand Inquisitor, by Vasily Rozanov. Translated and with an Afterword by Spencer E. Roberts. Ithaca and London: Cornell University Press, 1972. Pp. xi. 232. $12.50. Political Apocalypse. A Study of Dostoevskys Grand Inquisitor, by Ellis Sandoz. Baton Rouge: Louisiana State University Press, 1971, Pp. xviii. 263. $13.50.* ostoevskys great novels have spawned a vast library of critical 1/literature, a library which extends well beyond traditional literary criticism to cover the range of disciplines dealing with the human condition: philosophy, theology, psychology and sociology in particular. In this effusion of comment the real Dostoevsky†¦show more content†¦A Study of Dostoevskys Grand Inquisitor. In style, approach, and viewpoint, these two works stand in contrast. Rozanovs is a frankly personal interpretation, with an approach more impressionistic than scholarly, while Sandoz offers a thorough, scholarly, highly technical analysis, from the perspective of a Western political scientist familiar with twentieth-century events and recent currents in political theory. But with all their differences—in date of composition, stylistic approach, and nationality and philosophical background of the authors—the two studies agree regarding many salient elements of Dostoevskys philosophy Both Rozanov and Sandoz utilize the Legend of the Grand Inquisitor and its prologue entitled Rebellion (Book Five, Chapters IV and V of The Brothers Karamazov) as the text most accurately reflecting Dostoevskys mature philosophy. Their choice is justified, since The Brothers Karamazov is the most philosophical of Dostoevskys great works, was completed shortly before his death (thus presumably represents his final views), and within it the Legend of the Grand Inquisitor encapsulates, in poetic form, a profound religious, philosophical, and political view of mankind. Readers will recall that Ivan and Alyosha Karamazov, who had been reared separately for most of their lives, meet in a tavern to get well: at least they would lack all theirShow MoreRelatedChristianity And Its Effects On Modern Culture And Society2000 Words   |  8 PagesChristianity, the way and teachings of the Messiah, Jesus Christ. It is the largest and most popular religion in the world with about a whopping 2.1 bil lion religious followers positioned all around the world. Christianity has had such an important impact on the course of the history of the world since its creation about 2,000 years ago that even today both Christian followers and non-Christians still follow the moral and ethical teachings presented by Jesus Christ within Christianity in their everydayRead MorePioneers Trio of Indian English Fiction4480 Words   |  18 Pages† Indian English literature originated as a necessary outcome of the introduction of English education in India under colonial rule. In recent years it has attracted widespread interest, both in India and abroad. It is now recognized that Indian English literature is not only part of Commonwealth literature, but also occupies a â€Å"great significance in the World literature.† Today, a number of Indian writers in English have contributed substantially to modern English literature. Ram Mohan Roy whoRead MoreExistentialism vs Essentialism23287 Words   |  94 Pagesstruggle through life — a focus on the subjective life that we all actually live, rather than a search for objective truths external to us. Topics in Existentialism * The Absurd * Existentialism amp; Religion * Existentialism amp; Politics * Existentialism amp; Phenomenology * Existentialist Philosophers * ------------------------------------------------- Absurdism * The idea of the  absurd  is a common theme in many existentialist works, particularly in  Camus. AbsurdityRead MoreIndian English Novel17483 Words   |  70 PagesEnglish novel evolved as a subaltern consciousness; as a reaction to break away from the colonial literature. Hence the post colonial literature in India witnessed a revolution against the idiom which the colonial writers followed. Gradually the Indian English authors began employing the techniques of hybrid language, magic realism peppered with native themes. Thus from a post colonial era Indian literature ushered into the modern and then the post-modern era. The saga of the Indian English novel thereforeRead Morewisdom,humor and faith19596 Words   |  79 Pagesadmissible in great literature, posing universal problems, as seriousness. Certain essential aspects of the universe are accessible only to laughter.†10 Bakhtin includes the Frenchman Rabelais, the Spaniard Cervantes (author of Don Quixote), and the Englishman Shakespeare as the three great writers of this early era when humor often reflected wisdom. He also mentions the Dutchman Erasmus’s In Praise of Folly (1509) as â€Å"one of the greatest creations of carnival laughter in world literature.†11 Since Erasmus

Monopolistic Competition Market and Products

Question: Discuss about the Monopolistic Competition Market and Products. Answer: Introduction: As stated by Rubinstein (2012), a monopolistic market is characterized by many consumers and more than one producer and the products are non-homogeneous. The products are substitute goods in nature to some extent. Because of this characteristic, no one has complete control over the market. The consumers have knowledge of the market where non-price differences among various goods and services prevail, although perfect information will be absent in the market. The barriers to entering the market will be more than the perfect competition and lesser than monopoly market. Although in the long run there will be no cost of entry and exit in the market. Producers have control over the prices of the goods which only supplied by them. The products being sold by the sellers are similar but differentiated. This means there are differences regarding the demand elasticity of the goods. If the price of good becomes too high, the consumers will shift to the next best product easily. According to the ideas of Sacks et al. (2015), the demand for the products is not perfectly elastic as the number of producers is less than that in a perfectly competitive market. Hence, the products and services being sold in this market are not perfect substitutes. The concept of short run states that at least one of the factors of production are fixed, while the other factors may vary. In the long run, all the factors of production are variable. Following the views of Osharin et al. (2014), in the short run, a firm operating in a monopolistic market tries to minimize its losses. The production condition for the firm is MR = MC. This means the producers produces at that point where their marginal revenue (MR) is equal to marginal cost (MC) . In the views of Zhelobodko et al. (2012), the situation of profit will only arise when the producers average total cost is lower than the market price he is getting. The situation is depicted in the figure below. As shown in the figure above, the monopolistic price is Pm and the quantity supplied at that price is Qm. Here, AR is the perceived demand curve faced by the producer at which he thinks the demand will be. In realty, he faces the proportionate demand curve as shown in the figure. According to this figure, the average total cost is lower than Pm. As stated by Parenti, Thisse and Ushchev (2014), this gives the producer the opportunity to earn an economic profit. If the average total cost were above the monopolistic price margin, the producer would have incurred a loss. In that situation, if he thinks he can make a profit, in the long run, he will remain in the market. Otherwise, he might leave. In the views of Assenza et al. (2015), in the long run, if other firms see the opportunity of profit, they will enter the market, which will divide the demand into further fragments, making the profit margin low for all the firms. This will increase the cost of productions, and the inefficient f irms will leave the market. The remaining firms will earn the normal profit then. As stated by Nikaido (2015), in the long run, the firms will produce where the average cost is equal to the price corresponding to the point where the marginal revenue and marginal cost ae equal. The situation is depicted in the figure below. As shown in the figure above, if a producer moves beyond MR = MC, he will incur more marginal cost than marginal revenue. He produces where ATC is equal to AR at point A. The point B represents allocative efficiency at the marginal cost which is equal to market price. The point C represents a situation in the long run, where the ATC is minimum and productive efficiency prevails. According to the ideas given by Roberts (2014), the producers do no operate here; hence, they operate with excess potential or capacity. As shown in the figure, if the producers want to produce more than Qm they will incur a loss. In the views of Nocco, Ottaviano and Salto (2014), the profits or the losses in the short run gets eroded by the entry and exits in the market. While in short run profit attracts more sellers, they will join the market eroding the profit margin. Similarly, prevailing loss in the market will make some inefficient firms leave the market. This will erode the loss margin in the long run. As shown in figure 2 above, the productive efficiency comes when the producer is operating at the point C. It will make the producer operate at the point where the average total cost is least. Following the ideas of Dhingra and Morrow (2012), the allocative efficiency will occur when the market price is equal to the marginal cost, which is given in the figure above by the point B. Productive efficiency will occur in a monopolistic competition when the producers use the resources efficiently. Allocative efficiency in this market structure occurs when the firms produce to maximize the social welfare. In monopolistic competition, there are many buyers and sellers as well, who specializes in selling their products. As the products are similar but differentiated, the producers have somewhat control over their products prices. The hotel restaurant industry is an example of monopolistic competition. In this industry, there are chains of restaurants which are engaged in monopolistic market structure. Due to its high number of suppliers and consumers, the market seems like a competitive market, and the different types of products with different prices shows the characteristics of a monopoly market. In the ideas of Lee, Sardeshmukh and Hallak (2015), the restaurant industry in Australia has faced a boom due to various reasons since past few years. The mining boom in the country and the tourism industry has caused this massive increase in demand for the restaurant industry. The sports industry in the country also brings many international tourists in the country. All these reasons are res ponsible for the increasing demand for restaurants. The cost of factors in the country is low due to the high functioning agricultural sector. It increased the supply in the industry along with improved business ethics. The key features of this industry of the restaurant industry are as follows: A large number of producers: The market is characterized by a large number of restaurant businesses. Examples of some of the producers of this industry are Attica, Brae-Birregurra, Sepia, Quay, Ester, and many other chains of restaurants. These restaurants serve a huge number of customers over one year. According to the ideas of Lbaj et al. (2016), a large number of producers has come to the market for meeting the demand from a huge number of consumers in the country. Over the past five years, the restaurant industry of Australia has witnessed a growth of %.6 percent. The annual revenue in this industry is $14 billion for the last year which contributes a lot to Australias national income. 290,142 people of Australia's total population are employed in this industry. Hence it can also be said that the industry plays a huge role in reducing unemployment in the country. Following the ideas of Balistreri and Rutherford (2013), it can be said that, as the demand for the restaurants is inc reasing, the number of suppliers are also increasing. Product differentiation: The producers operating in this market are producing similar products. All are producing foods for mainly high end customers. But these foods are somewhat differentiated. Some of the restaurants are specialized in sea foods, some of them are specialized in western foods. Some restaurants also serve alcoholic beverages with the foods. The differences also lie in the ingredients and recipes of the same foods served in different restaurants. The chefs play a vital part in making different products in this market. Product differentiation is the reason why the market demand curve is elastic. People have a choice regarding choosing any food. Some of the foods are seasonal. The demand for those foods rises in certain seasons only. For example, the demand for the ice cream sold in the restaurants sees the high demand during the summer. On the other hand, the demand falls during winter for ice creams. Selling costs: The selling costs are different for different restaurants in the industry. The selling cost determines the price the producers should charge with constraints being the market competition. Restaurants with less selling costs can earn more profit in the market. As stated by Schiff (2015), the selling costs differ due to various reasons like location, cost of acquiring resources, the cost of management, cost of adding values to the products, advertising the products, and others. There are two types of costs namely fixed cost and variable cost. The fixed cost is incurred by the producer before the production process starts and the amount remains the same even during the production. The variable cost changes with the change in quantity produced. With more production, the variable cost will increase. Freedom of entry and exit: The industry possesses the freedom of entry and exit of the producers in the market. In the short run, if a producer is incurring loss he has the opportunity of leaving the market. If the produces faces profit in the short run, they will opt for operating in the market, in the long run as well. Bennelong, Automata, Firedoor, and many other restaurants have recently joined the industry. The absence of perfect knowledge: The absence of perfect knowledge is one of the reasons the monopolistic competition remains in the industry. If the consumers had perfect knowledge regarding the market and the prices, the restaurants charging higher prices will become inefficient and lose the share of demand it receives. It will also show the customers how much extra they are paying for the services. Non-price competition: The competition that exists among different restaurants is more quality oriented than price and quantity. Those restaurants serving fresh foods with a better environment and services will face more demand than those with lesser quality. The price of the products is of less significance in the competition. Behaviour of the restaurants and their net impact on consumers: The behaviour of the restaurants affects the consumers hugely. These impacts are both positive and negative. The pricing policy of the restaurants plays a basic role in affecting the consumers, which is not very significant as the quality of the services matters to the consumers more than the price. The competitive advantage of a restaurant makes a huge impact on the consumers. The strategies taken by the restaurants to gain competitive advantages varies from one restaurant to another. There are strategies like an advertisement, using social media, printing media, and other media to reach the customers. Those restaurants who can reach more customers with more commodity information will face more demand. The marketing strategies taken by the restaurants depend on the leadership styles they are following. The leaders follow different marketing strategies to introduce the products to the customers. Apart from providing the service with added values, there are many external factors which are to be addressed by the leaders. In the views of Hua, Xiao and Yost (2013), the restaurants can follow aggressive or defensive roles in capturing the market shares. Most of the strategies which are targeted to boost up the images of the restaurants in front of the customers show positive net effects. On the other hand, when the internal traits such as service, quality, and others do not meet the expectations of the consumers who are drawn to the restaurants by the aggressive strategies, negative net affects follow. The demand for the products for those restaurants will fall. Following the views of Gleeson (2016), the negative externalities that arise from the Adani Group's Carmichael coal mine located in Queensland's Galilee Basin will affect the locals and the environment as well of Queensland. The extraction of coal from the Carmichael coal mine will bring negative effects which will be caused by the huge amount of emission. The extraction of the raw coal and processing is associated huge emission. The local people will be badly affected by this as the whole area will be. As stated by Dres and Koster (2016), the greenery also takes the hit. The life chain of that place, which includes animals and birds, also gets disrupted. The distribution process will also affect the local environment negatively. But these negative externalities will not be covered by the investors who are rooting for the extraction. The situation can be shown in the figure below. As shown in the figure above, the yellow area is the total social welfare loss due to the coal extraction. As stated by Heath (2014), the marginal private cost and the marginal private benefits are used in general to find out the quantity that should be extracted and the corresponding price. The price P1 as shown in the figure above does not incorporate the social cost of extraction of the coal. If the social cost were included, the equilibrium would have been at (P2, Q2). Here the quantity is less, and the price incorporates the society's welfare loss. In the views of Kitzmueller and Shimshack (2012), the social loss or the dead weight loss of the societys welfare occurs when the marginal social cost is greater than the marginal private cost of extracting the coal in Queensland. As the price does not properly reflect the total cost in the scenario, the market failure occurs. The equilibrium which the Adani Group represents shows market inefficiency. To increase the profitability, th e company can increase production. It will help the company in achieving the increasing returns to scale. But, with more production, more pollution will be produced. The government of Australia can address the negative externalities associated with the market failure. The policies that can be taken by the government to reduce market failures are as follows: Implementing a tax on negative externalities: The government of Australia can introduce new taxes for the Adani Group's Carmichael coal mine project. According to the ideas given by Rahwan et al. (2012), the negative externalities which are caused by the coal extraction and distribution will be compensated by the amount of tax being paid by the company. The tax structure will depend on the government policies. In the views of Mazzucato and Penna (2015), the government can implement a proportionate tax or a lump sum tax. The proportionate tax will help the government determine how much the company is adding to the social cost. The lump sum tax will not be able to capture the proper amount of the social cost. Subsidy allocation for positive externalities: The government can provide subsidies to make positive externality creation attractive. This will help the company avoid sacrificing their profit. It will work as an initiative for creating positive externalities. The positive externalities will help the local people to increase their utility. For example, the new project will create new opportunities for skilled and unskilled labours. This will increase the employment in that locality. In the views of Krekel and Zerrahn (2016), the government can make a rule which will clearly state that after extraction process is done; new trees will be planted in the whole extraction site. This will make the environment balanced in Queensland. Laws and regulations: The government has to create new laws and regulations to reduce the social cost which is the result of market failure. In the views of Pinotti (2012), the government can ensure that the difference between the marginal social cost and the marginal private cost tends to decrease. The laws will be created after estimating the cost to the society. This way the market failure will be reduced as the company will try to ensure that the efficiency is properly achieved. Pollution permits: The government can start giving pollution permits to control how much a company can produce pollution. In the views of Chasek, Downie and Brown (2013), the negative externalities will decrease as a result. The companies will know beforehand about starting their production process how much they are allowed to produce pollution. It will also help the companies to determine their production strategy. The pollution permit with a certain amount will be given to the Adani Group's Carmichael coal mine project. It will increase their cost of production as the production process will now incorporate the social cost. This way the market failure can be removed from the company. References Assenza, T., Grazzini, J., Hommes, C., Massaro, D. (2015). PQ strategies in monopolistic competition: Some insights from the lab. 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