Problem 17 Keep All Work On One Word Document With Cover
Problem 17 8keep All Work On One Word Document With A Cover Page A
Prepare a 3 to 5 page paper (not including cover page and reference page) in APA format. Select an AIS system segment (such as purchasing, or payroll), investigate, and write a report on the tangible and intangible costs and benefits associated with your selection. Keep all work on one Word document—with a cover page and reference page—and submit as an attachment.
Additionally, I need to read and write about the content from the following chapters:
- Economics, Chapter 31: Financial Crises, Panics, and Unconventional Monetary Policy
- Economics, Chapter 30: Monetary Policy
- Economics, Chapter 26W: The Multiplier Model
For each chapter, I need an analysis or summary of the key concepts and insights derived from the readings.
Paper For Above instruction
This assignment involves two interconnected tasks: a comprehensive analysis of an Accounting Information System (AIS) segment and an insightful reflection on selected economics chapters. Combining these tasks requires a structured approach to research, critical analysis, and academic writing, theoretical understanding, and practical application.
Part 1: Analysis of an AIS Segment
The first part of the assignment calls for selecting a specific segment of an AIS, such as purchasing or payroll. An AIS segment is a functional area within an organization's financial and operational processes that relies on information technology to collect, process, and communicate data. Analyzing this segment entails investigating both the tangible and intangible costs and benefits associated with its implementation and operation.
The tangible costs include direct financial expenditures such as hardware and software acquisition, system maintenance, employee training, and ongoing operational costs. For instance, establishing a payroll system may involve purchasing payroll software, hardware servers, and paying for system updates and support. Conversely, tangible benefits are measurable outcomes like reduced processing time, decreased errors, staff efficiency improvements, and compliance with legal standards.
Intangible costs are less quantifiable but equally significant, encompassing potential disruptions during system implementation, resistance to change among staff, and security vulnerabilities. Benefits can include increased data accuracy, improved decision-making capabilities, enhanced compliance, and better management oversight that result from a well-integrated AIS.
The analysis should include scholarly research, industry reports, and case studies to evaluate how organizations accrue costs and benefits over time, and how these impact organizational efficiency, financial performance, and strategic positioning. A comprehensive report would detail these aspects, supported by relevant evidence and aligned with APA formatting standards.
Part 2: Reflection on Economics Chapters
The second part involves reading and writing about three specific chapters from economics literature:
- Chapter 31: Financial Crises, Panics, and Unconventional Monetary Policy
- Chapter 30: Monetary Policy
- Chapter 26W: The Multiplier Model
In this section, I will summarize the core concepts, analyze the significance of each chapter, and reflect on their implications within contemporary economic contexts.
Chapter 31 explores how financial crises and panics occur, their causes, and the role of unconventional monetary policies used by central banks in managing crises. It highlights the complexities of financial markets, systemic risks, and policy tools such as quantitative easing. Understanding these topics is critical because financial crises can trigger severe economic downturns, and unconventional monetary policies have become essential in stabilizing economies post-2008 financial crisis.
Chapter 30 examines the mechanisms and tools of monetary policy, including interest rate adjustments, open market operations, and reserve requirements. It discusses how central banks influence aggregate demand, inflation, and employment through monetary policy, emphasizing the importance of timing and expectations in policy effectiveness.
Chapter 26W introduces the multiplier model, explaining how changes in autonomous spending lead to amplified changes in income and output through the multiplier effect. This chapter underscores the importance of fiscal policy and its role in economic stabilization, especially during recessionary or inflationary periods.
By analyzing these chapters, I will synthesize their relevance to current economic issues, such as monetary stimulus, financial stability, and fiscal policy effectiveness. My reflection will integrate these insights with real-world examples, discussing implications for policymakers, businesses, and consumers.
Conclusion
This combined assignment demands a detailed research approach, critical thinking, and academic writing in APA format. The focus on AIS system segments enables a practical understanding of technological and financial benefits and costs, while reflections on economic topics provide theoretical depth. Together, these components foster a holistic comprehension of financial systems and economic policy dynamics.
References
- Cecchetti, S. G., & Schoenholtz, K. L. (2020). Money, Banking, and Financial Markets (5th ed.). McGraw-Hill Education.
- Krugman, P., & Wells, R. (2021). Economics (5th ed.). Worth Publishers.
- Blanchard, O. (2017). Macroeconomics (7th ed.). Pearson.
- Reinhart, C. M., & Rogoff, K. S. (2009). This Time Is Different: Eight Centuries of Financial Folly. Princeton University Press.
- Bernanke, B. S. (2020). The New Tools of Monetary Policy. American Economic Review, 110(4), 943–983.
- Mankiw, N. G. (2018). Principles of Economics (8th ed.). Cengage Learning.
- Goodfriend, M. (2011). Approaches to Implementing Monetary Policy. Federal Reserve Bank of Richmond Economic Quarterly, 97(4), 317–352.
- Jorda, O., Schularick, M., & Taylor, A. M. (2016). The Great Mortgaging: Housing Finance, Crises, and Business Cycles. Economic Journal, 126(590), 1374–1405.
- Clarida, R., Gali, J., & Gertler, M. (2000). Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory. Quarterly Journal of Economics, 115(1), 147–180.
- Sargent, T. J. (2017). The Big Short: Inside the Doomsday Machine. Houghton Mifflin Harcourt.