Free Essays on Diphtheria

Diphtheria What is diphtheria? Diphtheria is an acute bacterial disease that can infect the body in two areas:  · the throat (respiratory diphtheria)  · the skin (skin or cutaneous diphtheria) A common childhood disease in the 1930s, a vaccine against diphtheria has made it very rare in the US and other developing countries today. 10-year-old child with severe diphtheria What causes diphtheria? Diphtheria is caused by the bacterium Corynebacterium diphtheriae, which is spread from person to person. Corynebacteria are Gram-positive, aerobic, nonmotile, rod-shaped bacteria related to the Actinomycetes. They do not form spores or branch as do the actinomycetes, but they have the characteristic of forming irregular shaped, club-shaped or V-shaped arrangements in normal growth. They undergo snapping movements just after cell division which brings them into characteristic arrangements resembling Chinese letters. How is diphtheria transmitted? The diphtheria bacterium can enter the body through the nose and mouth. However, it can also enter through a break in the skin. It is transmitted from person to person by respiratory secretions or droplets in the air. The incubation period of diphtheria is 2-5 days (range, 1-10 days). What are the symptoms of diphtheria? The following are the most common symptoms of diphtheria. However, each individual may experience symptoms differently. Symptoms may include: respiratory diphtheria When a person is infected with diphtheria, the bacterium usually multiplies in the throat, leading to the respiratory version of diphtheria. A membrane may form over the throat and tonsils, causing a sore throat. Other common symptoms of respiratory diphtheria may include:  · breathing difficulty  · husky voice  · enlarged lymph glands  · increased heart rate  · stridor (a shrill breathing sound hea... Free Essays on Diphtheria Free Essays on Diphtheria Diphtheria What is diphtheria? Diphtheria is an acute bacterial disease that can infect the body in two areas:  · the throat (respiratory diphtheria)  · the skin (skin or cutaneous diphtheria) A common childhood disease in the 1930s, a vaccine against diphtheria has made it very rare in the US and other developing countries today. 10-year-old child with severe diphtheria What causes diphtheria? Diphtheria is caused by the bacterium Corynebacterium diphtheriae, which is spread from person to person. Corynebacteria are Gram-positive, aerobic, nonmotile, rod-shaped bacteria related to the Actinomycetes. They do not form spores or branch as do the actinomycetes, but they have the characteristic of forming irregular shaped, club-shaped or V-shaped arrangements in normal growth. They undergo snapping movements just after cell division which brings them into characteristic arrangements resembling Chinese letters. How is diphtheria transmitted? The diphtheria bacterium can enter the body through the nose and mouth. However, it can also enter through a break in the skin. It is transmitted from person to person by respiratory secretions or droplets in the air. The incubation period of diphtheria is 2-5 days (range, 1-10 days). What are the symptoms of diphtheria? The following are the most common symptoms of diphtheria. However, each individual may experience symptoms differently. Symptoms may include: respiratory diphtheria When a person is infected with diphtheria, the bacterium usually multiplies in the throat, leading to the respiratory version of diphtheria. A membrane may form over the throat and tonsils, causing a sore throat. Other common symptoms of respiratory diphtheria may include:  · breathing difficulty  · husky voice  · enlarged lymph glands  · increased heart rate  · stridor (a shrill breathing sound hea...

Ciudadanía de los Estados Unidos por los abuelos

Ciudadanà ­a de los Estados Unidos por los abuelos Entre los caminos que existen para adquirir la ciudadanà ­a americana, uno es por derecho de sangre que se deriva a travà ©s de los abuelos. Esto aplica al caso de nià ±os nacidos fuera de Estados Unidos  que son hijos de padre o madre ciudadano americano pero estos no cumplen los requisitos para transmitirles la nacionalidad en el momento del nacimiento. Al mismo tiempo, estos nià ±os residen habitualmente en un paà ­s distinto a los Estados Unidos. Por ejemplo, una seà ±ora americana vive desde que nace hasta los 24 aà ±os en Estados Unidos. Viaja al extranjero y se queda a vivir allà ­, donde forma una familia. Su hijo nacido en el extranjero va a ser americano desde el momento de su nacimiento. Y este nià ±o siempre vive en el paà ­s en el que ha nacido, con o sin viajes espordicos a Estados Unidos. Con el paso de los aà ±os ese hijo  se convierte en adulto y tiene un hijo. Este infante (nieto de ciudadana americana), no es americano por nacimiento, a pesar de ser hijo de un estadounidense. Para estos casos y similares aplica el supuesto que se explica en este artà ­culo a continuacià ³n. Requisitos para adquirir la ciudadana por uno de los abuelos Se deben cumplir TODOS los requisitos siguientes: El nià ±o ha de ser menor de 18 aà ±os de edad y soltero Tiene que vivir habitualmente fuera de los Estados Unidos y con su padre o madre que es ciudadano, quien debe tener su custodia legal, en solitario o compartida con el otro progenitor. la à ºnica excepcià ³n es en el caso de que haya fallecido. En este caso el progenitor que sobrevive o el guardin legal deben no oponerse a que el nià ±o adquiera la ciudadanà ­a de USA por un abuelo.El padre o la madre del nià ±o deben ser ciudadanos americanos. Es indiferente cà ³mo adquirieron esa condicià ³n.  El abuelo o la abuela tienen que ser ciudadano  en el momento en el que se solicita la ciudadanà ­a para el nieto o nieta. Si ha fallecido, debe probarse que lo era en el momento de su fallecimiento.Adems, debe poder demostrar con documentacià ³n que el abuelo o abuela ha residido en Estados Unidos por un mà ­nimo de cinco aà ±os, de los que al menos dos ha tenido que ser despuà ©s de haber cumplido los 14. Si ha falle cido, este requisito debe haberse cumplido antes de la fecha de fallecimiento. El tiempo no tiene que ser seguido. Es suficiente sumar el total del periodo que se pide. En el caso de militares, los tiempos de presencia en Estados Unidos se computan de una manera especial. Tramitacin de la solicitud de ciudadana para el nieto En estos casos, los nià ±os no adquieren la ciudadanà ­a de forma automtica. Es necesaria realizar una tramitacià ³n que debe completarse en los Estados Unidos. Para ello es necesario que el infante ingrese legalmente al paà ­s. Generalmente lo har con una visa de turista pero puede hacerlo con cualquiera otra. Destacar que los consulados no estn obligados a aprobar visas. Conceden las visas si se cumplen los requisitos especà ­ficos de cada uno de ellas.   Una vez en Estados Unidos, el nià ±o debe mantener en todo momento presencia legal. Esto es muy importante y tener claro la fecha mxima para permanecer legalmente en el paà ­s.   A continuacià ³n debe llenarse la planilla  N-600K, que debe ser firmada por el progenitor que es ciudadano americano. Si el progenitor ha fallecido, podr hacerlo el abuelo ciudadano o el progenitor sobreviviente. En este caso tener en cuenta que no pueden haber pasado ms de cinco aà ±os a contar desde el dà ­a en que fallecià ³ el padre o madre ciudadano. Tambià ©n hay que pagar el arancel correspondiente, adjuntar en inglà ©s toda la documentacià ³n de apoyo que se pide. Documentos que hay que enviar con la planilla N-600K Todos los documentos en un idioma distinto al inglà ©s tienen que ser traducidos y acompaà ±ados por un certificado de traduccià ³n. Entre los documentos que se necesita adjuntar estn: Certificado de nacimiento del nià ±o.Si los padres estn casados, los certificados de matrimonio. Si previamente han estado casados, los certificados de divorcio o de viudedad que puso fin al anterior matrimonio.  Si los padres no estn casados y el ciudadano es el padre, documento que acredite la legitimacià ³n del hijo.En los casos de separacià ³n o divorcio, documento que acredite que se tiene la custodia legal sobre el menor.Documento que acredite la ciudadanà ­a del padre o madre y la del abuelo o abuela.  Documentos que acrediten que el abuelo o abuela cumple con los requisitos de presencia de cinco aà ±os en Estados Unidos o sus territorios de los cuales dos han tenido que ser despuà ©s de cumplir los 14 aà ±os. El tiempo no tiene que ser continuo. Y si el abuelo o abuela adquirieron la ciudadanà ­a despuà ©s de nacer, tambià ©n se puede computar el tiempo transcurrido en Estados Unidos con un estatus diferente al de ciudadano.  Documentos que acredite que el inf ante est legalmente en los Estados Unidos, como copia de la visa y del I-94.   Evidencia que demuestre cambios legales de nombres y/o apellidos, si los hubiera habido. Tener en cuenta que si previamente se ha enviado al USCIS esta documentacià ³n en relacià ³n a la peticià ³n de una tarjeta de residencia para el hijo por parte de un ciudadano americano, entonces no ser necesario volverla a enviar. Adems, tener presente que para el cà ³mputo de presencia se considera Estados Unidos y sus territorios cualquiera de los 50 estados de la Unià ³n Americana, Puerto Rico, Samoa, Guam, Islas Và ­rgenes Americanas y las Islas Marianas del Norte.   Qu documentos sirven para acreditar presencia en los Estados Unidos? En realidad, cualquiera que sirva para demostrar este requisito. Los que ms frecuentemente se aceptan son: Rà ©cords mà ©dicos, militares o de escuela.Recibos de pago de hipotecas, alquileres, electricidad, seguros, etc. Contratos de todo tipoPrueba de haber trabajado como el W-2.Pago de impuestos (tax returns) Escrituras de propiedad Declaraciones juradas de miembros de iglesias, sindicatos (union) u otro tipo de organizaciones. Direccin a la que se enva la papelera USCISP.O. Box 20100Phoenix, AZ 85036 O por correo urgente a: USCISAttn: Form N-600K1820 E. Skyharbor Circle SSuite 100Phoenix, AZ 85034 Los militares deben aplicar al centro del USCIS en Lincoln, Nebraska. Entrevista, juramento, ciudadana y pasaporte Es posible que durante la tramitacià ³n de la naturalizacià ³n, el nià ±o y su abuelo ciudadano tengan que ir a una oficina del USCIS a una entrevista. Sin embargo, es posible que Inmigracià ³n determine que no es necesaria por tener ya toda la documentacià ³n necesaria para probar que el infante es elegible para este derecho.   Si el USCIS considera que se cumplen todos los requisitos y se reconoce la ciudadanà ­a al menor, à ©ste tendr que prestar el juramento de lealtad a los Estados Unidos (Oath of Allegiance) si ya ha cumplido los 14 aà ±os de edad. Si es ms pequeà ±o se considera que no tiene capacidad para entenderlo y, por lo tanto, no se pide que cumpla con esta obligacià ³n. Cuando se recibe el Certificado de Ciudadanà ­a ya se es ciudadano. A partir de ahà ­ ya se puede solicitar un Nà ºmero del Seguro Social y un pasaporte para el menor. Respecto a esto à ºltimo, tener en cuenta las reglas de la presencia de ambos padres. Adems, informarse sobre los documentos que puede utilizar un estadounidense para ingresar y salir del paà ­s y quà © tipo de documentacià ³n se pide cuando un menor viaja internacionalmente solo o en compaà ±Ãƒ ­a de solamente uno de los padres. Qu sucede cuando el USCIS no aprueba la peticin Si el gobierno considera que no se reà ºnen todos los requisitos enumerados en las leyes, asà ­ lo comunicar por carta notificando la razà ³n para la negativa. A partir de ahà ­ se tiene un plazo de 30 dà ­as para apelar la decisià ³n. Ley que regula este derecho La seccià ³n 322 de la Ley de Naturalizacià ³n e Inmigracià ³n (INA, siglas en inglà ©s) regula los derechos de los nià ±os nacidos en el extranjeros que pueden tener derecho a la ciudadanà ­a americana. Tambià ©n es fundamental para la adquisicià ³n de la ciudadanà ­a por los abuelos la Ley de Ciudadanà ­a para nià ±os o Child Citizenship Act (CCA, por sus siglas en inglà ©s) del aà ±o 2000 y que entrà ³ en vigor el 27 de febrero de 2001. Hay que tener siempre en cuenta que es frecuente que las leyes sufran reformas con el paso del tiempo, como le ha pasado a la INA en numerosas ocasiones. Por lo tanto, muchas veces conviene informarse no sà ³lo de lo que aplica ahora sino tambià ©n de lo que aplicaba en el momento en el que una persona nacià ³ y ver si esa situacià ³n, si es beneficiosa, puede todavà ­a reclamar o ya no. Tip Si una persona tiene dudas sobre si es ciudadana americana o no, siempre puede marcar al 1-800-375-5283. Tambià ©n se puede escribir un correo electrà ³nico a: askpristate.gov. O se puede contratar los servicios de un abogado de inmigracià ³n experto en asuntos de ciudadanà ­a y naturalizacià ³n. A tener en cuenta Este derecho se deriva de abuelo o abuela. Y tambià ©n es indiferente si se trata por el lado materno o el paterno.  Asimismo, los nià ±os que se pueden beneficiar son tanto los varones como las mujeres. No hay distincià ³n por razà ³n de sexo. En el caso de militares, verificar las reglas especiales que aplican para contabilizar el tiempo residido en Estados Unidos. Tambià ©n aplican para ellos reglas especiales sobre la presencia fà ­sica del menor en Estados Unidos durante la tramitacià ³n de la naturalizacià ³n. Por à ºltimo, si el và ­nculo entre el progenitor ciudadano y el hijo es por adopcià ³n, informarse sobre todos los casos posibles.   Este es un artà ­culo informativo. No es asesorà ­a legal para ningà ºn caso en particular.

A Quantitative and Qualitative Profile of an English Learner Essay

A Quantitative and Qualitative Profile of an English Learner - Essay Example Goal: learn to speak fluent in English. She wanted to improve her English so that she could be accepted at the college of her choice. Currently, she is done taking extensive ESL classes Quantitative Analysis a) Length of utterances- normal but lots of grammatical errors b) Pronunciation- Good and clear c) Sentence structure- poor TABLE 1: ERROR ANALYSIS FOR ERROR CATEGORIES Error Category Frequency % of Total Errors Verb tense 25 42 Preposition 5 10 Articles 6 9 Omissions 10 15 Syntax/Other 20 24 TOTAL 66 100 TABLE 2: CONVERSATIONAL FEATURES Conversational Feature No. of Times Used Fillers- you mean (2) 2 Hesitation sounds-hmm 2 Modals 5( 2 correct) Qualitative Analysis a) Psychological Variables- Affective Factors (Schumann’s model) 1. Highly motivated to speak fluently in English 2. the process of learning a second language relies heavily on interaction with target language speakers

Personal Essay Example | Topics and Well Written Essays - 500 words - 6

Personal - Essay Example I would be able to realize my potential as a businessman and live life to the fullest. All because my grandfather ensured that the future generations of his family would have the chance that he never had in life. So after the properties were sold and I got my share of the inheritance, I felt so rich. I know I only received $25 thousand but to me, that meant I was in the league of Donald Trump. Unfortunately, with the money that I inherited, I decided to live like Donald Trump did also. What a big mistake that was. The first thing I did was to resign from my job and enter into a silent partnership in a business with my best friend. He assured me that the business would have a 100% return on investment in a years time. I also put a down payment on a house in one of the upper middle class neighborhoods in our area and bought my dream car. It was second hand, but it was still my dream car. My parents and other relatives kept on reminding me to set some money aside for investments and liquidity and i kept telling them not to worry, I was in control of the situation. I was not going to lose the money I had. I was too shrewd and careful to do that. I had business advice coming in from my friends and they all had various investments that I could go into quite safely. Being my friends, I did not think twice about entrusting my money to them. All was well for a period of time. I was living the high life and getting dividends from my stock investments and loans that I gave to my friends. The business seemed to be doing well also. I will admit, I did not know anything about business. All I knew was that I was promised money in exchange for letting my friends handle my finances. I know realize what a big mistake that was. The Wall Street crash of 2008 happened in the blink of an eye. Just like everyone else in the world, my finances were severely affected. Suddenly, my friends who invested my finances were

Science Essay Essay Example for Free

Science Essay Essay Science to me is everything that surrounds us. Its to discover information about this world we live in, study this information, and use it however we will; a process that has started long, long ago, and will continue in generations to come. Everything in our world that we use somehow or someway was made by science. It started with discovering something new; then study what it can be capable of. See where this new founded information can be fit into use. Science was used to create something new. In this day and age science has taken us to an entirely new place. From better batteries, to faster computers, to better gas mileage, there has just been a huge breakthrough in science. It is both chemistry and physics. In science of chemistry there is discovering elements and using these elements in chemical bonding. For physics, there are already discovered laws, and properties; such discoveries as gravity, motion, force, speed, velocity, acceleration, etc. Science even branches off as far as the universe and its discoveries. Whether the discovery is 200 years old, 100 years old or present, its science nonetheless. Science is all around us, from the laptops we use to the cars we drive, something had to be discovered and study for us to able to use either. Maybe it was chemical combustion to get the energy from oil so our cars can move, or even some physics to help us understand how much energy we can save if we make something for aerodynamic. Science is to discover information about our natural world, and even about space, to help us understand our existence.Science has helped to improve the lives of people around the world. Today, science has improved human health and medicine to help people live longer, and help people live with diseases people had little hope of living with a few decades ago, such as AIDS. While our scientific advances continue, ethical questions arise about how science should advance, such as stem cell research. Mary Shelley, author of the novel Frankenstein, and Michael Bishop, who wrote the article Enemies of Promise, have different views about how scientific knowledge affects humanity. Mary Shelley was born the daughter of feminist Mary Wollstonecraft and political theorist William Godwin. While on vacation with her husband, she began to write the novel Frankenstein, about a scientist who created life. The scientists name was Victor Frankenstein. In a selection from the novel, Frankenstein says The dissecting room and the slaughter-house furnished many of my materials; and often did my human nature turn with  loathing from my occupation, whilst, still urged on by eagerness which perpetually increased, I brought my work near to a conclusion (232). Frankenstein is disgusted because he must go to a slaughter-house to get parts for his creation. Frankensteins disgust shows how horrible and demoralizing his scientific endeavors are, and he continues his experiment despite the negative affect his experiment has on his health. He realizes the study to which you apply yourself has a tendency to weaken your affections, and to destroy your taste for those simple pleasure in which no alloy can possibly mix, then that study is certainly unlawful, that is to say, not befitting the human mind (233). Frankenstein worked so hard to give life to his creation he thought of nothing else, and he was living his whole life to accomplish one goal. He realizes how much time he has been spending on his experiment and the effect his work is having on him, so he believes humans do not have the ability to deal with work in this manner. Therefore, scientific experimentation is not worth the negative effects the experiments have on the human mind. Eventually, Frankenstein accomplishes his goal, but his creation does not turn out like he expected. After giving his creation life, Frankenstein is horrified and leaves his home. Frankenstein concludes Learn from me, if not by my precepts, at least by my example, how dangerous is the acquirement of knowledge, and how much happier that man is who believes his native town to be the world, than he who aspires to be greater than his nature will allow (231). Frankenstein wanted to have the knowledge to create life, and when he final had the knowledge to create life, he did. After he created life, he was miserable. Therefore, humans cannot be God and create life because their nature will not allow them to be like God, and those who try to create life will be miserable, unlike those who do not seek dangerous knowledge. Michael Bishop is a professor of microbiology at the University of California, San Francisco. In his article Enemies of Promise he warns about the misconceptions people may have about scientific advances. Bishop states science has sounded the alarm about acid rain and its principal origins in automobile emissions, but our society has not found the political will top bridle the internal combustion engine (239). Science has helped to improve the quality of life of people by discovering the cause of acid rain is from car emissions, and the reduction of acid rain could result  from better emission standards. Science is not to blame for helping to create the internal combustion engine, but the lack of government funding to find other means to propel automobiles should be blamed. Bishop says Resistance to science is born of fear. Fear, in turn is bred by ignorance. And it is ignorance that is our deepest malady (241). People fear science because they do not understand how science works, and the purpose of science is to better mankind, not to recombine DNA to create a deadly virus, or mutations. If people are educated, then they will have a better understanding of science, and will no longer fear science. Once all people understand science, and no longer fear science, mankind can move towards new goals, and improve the lives of all people. When scientists perform experiments, the scientists are trying to solve the mystery of something they do not understand, such as stem cells. Bishop believes scientists take things apart in order to understand the whole, to solve the mystery an enterprise that we regard as one of the great ennobling tasks of humankind (238). Scientists experiment to better understand the world around them, and all the things in the world, as well as the relationships between different parts of the world. Scientists do not take things apart just because they can, but scientists have a purpose for their actions. The experiments to understand the world around us, Bishop believes to be a noble task for mankind, and with scientific discoveries, our lives can be improved. Comparing the claims of both Mary Shelley and Michael Bishop, I find Bishops claims that science is good for mankind, to be more persuasive than Mary Shelleys warning about the limitations of man and science. Bishop states Science has produced the vaccines required to control many childhood infections in the United States, but our nation has failed to deploy properly those vaccines (239). If mankind did not have the benefit of scientific knowledge, there would be no vaccine for illnesses such as small pox, or life threatening diseases. Humans have the ability to produce large amounts of vaccines beneficial to children in our country and other countries around the world. Science cannot pay for, and distribute vaccines for diseases throughout the world, but science is blamed because people in  our world still suffer from curable diseases. Also, Bishop states that resistance to science is born of fear, which is the result of ignorance. When the University of California, San Francisco wanted to perform biomedical research in a residential area, which they have not been allowed to do, Bishop noted that another [agitated citizen] declared on television her outrage that those people are bringing DNA into my neighborhood (241). The person who stated that the University was bringing DNA into their neighborhood does not understand what DNA is. By making the statement about bringing DNA in their neighborhood, the person is opposing having DNA in her neighborhood compared to the Universitys encroachment into their neighborhood. If the person who made the statement were simply opposed to the possibility of increased traffic in the neighborhood, then the person would have made that statement on television. The person made the statement about DNA instead, showing that they fear DNA because they do not want DNA in their neighborhood. Therefore, the opposition this person has to science stems from their misunderstanding of DNA. Bishop points out a possible reason for people not understanding science caused by a lack of education. Bishop states In a recent international testing, U.S. high school students finished ninth in physics among the top twelve nations, eleventh in chemistry, and dead last in biology (241). If science is not learned by pupils in school, then the pupils will not understand science. Judging from the international testing, students in our country do not have an understanding of science, and the lack of understanding will breed ignorance, and will result in fear and resistance. Therefore, some people fear science because they were not properly educated when they were students and they do not understand how science can improve mankind as a whole. Bishop states The price of science seems large, but to reject science is to deny the future (242). Although science may not always give people one solid choice, and scientific endeavors may have ethical problems, we need to work out those ethical and moral dilemmas. Science will not go away, but will continue to explore the world around us. Science cannot be rejected because science will help to improve the quality of life, and rejecting science would result in the rejection of the improvement in quality of life. Other  evidence Bishop should have examined was the overall decrease in respect for institutions by the public. Alan H. McGowan is a program director for the Public Understanding of Science and Technology, as well as the Directorate for Education and Human Resources at American Association for the Advancement of Science (AAAS). McGowan states although there seems to have been a decrease in the respect the public has for scientists, this is part of a general trend of decreasing trust in institutions of all kinds. While Bishop has stated that people have been attacking science, Bishop does not compare how much science is being attacked compared to other institutions, such as the press. If all other institutions are being attacked more fervently than science, then science is not in as bad a shape as Bishop believes science to be. Therefore, unless science is being attacked as much as every other institution, science is still be viewed by the public with more respect compared to the other institutions. While Mary Shelleys Frankenstein show the problems with mans thirst for knowledge, Michael Bishop puts science in a positive light, showing how science has help mankind. I believe Bishops claims about science to be more persuasive, and the positive effects of science to be well worth the effort of scientists. Although Bishops claims could have been improved with some more evidence about the publics view of science, science will continue to improve our lives.

GREECE :: essays research papers

Greece   Ã‚  Ã‚  Ã‚  Ã‚  The two most dominating city-states in Greece of their time, Athens and Sparta, were great rivals with two very different ways of life. Sparta’s overbearing military and Athens’ impartial justice system and government are models for many modern day countries. Even though these two city-states differ greatly from one another, they share many characteristics of their country and their time period.   Ã‚  Ã‚  Ã‚  Ã‚  Athens and Sparta were the two most powerful Greek territories of their time. Like most cities of the same country, they have the same Greek culture, worshipping the same Greek gods and speaking Greek. Like all Greeks, their people loved to talk and tell stories. Although they fought against each other, their citizens equally had great amounts of pride for their entire country as well as their city-states. The two rivals were both devoted mainly to agriculture and based their wealth, but not their success, on agriculture. Both also participated in the annual Olympics, an ancient Greek national athletic competition which is now a worldwide tradition. These to Greek city-states were the most feared city-states in all of Greece.   Ã‚  Ã‚  Ã‚  Ã‚  Though Athens and Sparta were similar, they were also very different. Athens was the first democracy, and it was also the first to govern with trial by jury. Athens’ main accomplishment was that it had a very strong Navy. It was the command of the sea and the head of the Naval Alliance, or the Delian League. Athens was the most feared city-state to fight at sea. Its other achievements were that is had excellent forms of art, architecture, drama and literature, philosophy, science, and medicine. It was very wealthy and had beautiful, extravagant temples. The boys of Athens went to school between the ages of five and eighteen, where they learned reading, writing, mathematics, music, poetry, sports and gymnastics. The girls stayed at home and learned spinning, weaving and domestic arts. Athens had well educated men, a good sense of art, and an all-powerful navy.   Ã‚  Ã‚  Ã‚  Ã‚  Sparta developed the most powerful military oligarchy of their time. They had a very strong army and were the most feared city-state to fight on land. Sparta was a member of the Peloponnesian League and was the most powerful people in it. Its excellent military conquered many territories, which they controlled with slaves. Sparta’s sole achievement, other than military supremacy, was that its people possessed a simple life style, with no care for the arts of Athens. GREECE :: essays research papers Greece   Ã‚  Ã‚  Ã‚  Ã‚  The two most dominating city-states in Greece of their time, Athens and Sparta, were great rivals with two very different ways of life. Sparta’s overbearing military and Athens’ impartial justice system and government are models for many modern day countries. Even though these two city-states differ greatly from one another, they share many characteristics of their country and their time period.   Ã‚  Ã‚  Ã‚  Ã‚  Athens and Sparta were the two most powerful Greek territories of their time. Like most cities of the same country, they have the same Greek culture, worshipping the same Greek gods and speaking Greek. Like all Greeks, their people loved to talk and tell stories. Although they fought against each other, their citizens equally had great amounts of pride for their entire country as well as their city-states. The two rivals were both devoted mainly to agriculture and based their wealth, but not their success, on agriculture. Both also participated in the annual Olympics, an ancient Greek national athletic competition which is now a worldwide tradition. These to Greek city-states were the most feared city-states in all of Greece.   Ã‚  Ã‚  Ã‚  Ã‚  Though Athens and Sparta were similar, they were also very different. Athens was the first democracy, and it was also the first to govern with trial by jury. Athens’ main accomplishment was that it had a very strong Navy. It was the command of the sea and the head of the Naval Alliance, or the Delian League. Athens was the most feared city-state to fight at sea. Its other achievements were that is had excellent forms of art, architecture, drama and literature, philosophy, science, and medicine. It was very wealthy and had beautiful, extravagant temples. The boys of Athens went to school between the ages of five and eighteen, where they learned reading, writing, mathematics, music, poetry, sports and gymnastics. The girls stayed at home and learned spinning, weaving and domestic arts. Athens had well educated men, a good sense of art, and an all-powerful navy.   Ã‚  Ã‚  Ã‚  Ã‚  Sparta developed the most powerful military oligarchy of their time. They had a very strong army and were the most feared city-state to fight on land. Sparta was a member of the Peloponnesian League and was the most powerful people in it. Its excellent military conquered many territories, which they controlled with slaves. Sparta’s sole achievement, other than military supremacy, was that its people possessed a simple life style, with no care for the arts of Athens.

Macroeconomics Policy and Sustainable Development in Nigeria

MACROECONOMICS POLICY AND SUSTAINABLE DEVELOPMENT IN NIGERIA INTRODUCTION In normal economic condition, macroeconomic policy drivessustainable development of anation. The two main branches of macroeconomics policies are based on monetary and fiscal economics. Central Bank, the nationalapex bank controls the monetary policy while the Ministry of Financeplays major role in national fiscal policy. However, most economists concur that, synergy exists between micro-and macro-economics variables and two policy agents of government: the CBN and Ministry of Finance determine the success or the degree of sustainability of macroeconomic development.In support of theimportance of central bank in macroeconomic policy, Ampong(2005) posits that non-artificial central bank independency has beena source of great success for the management and stabilisation of macroeconomic variables in countries like Norway, Sweden, Israel, Iceland, Denmark, New Zealand, United Kingdom, etc. In essence, there is the ory gap among economists onthe level of central bank’s independence, especially in developing economy such as Nigeria where there have been constant agitating for curtailing of the CBN’s autonomy. Nigeria economy has passed many phases since the introduction of SAP by Babangida Government in 1986.The Abacha Government came up with Vision 2010, the Obasanjo with NEEDS, the Yar’dua with Nigeria Vision 20:2020 and presently, the Jonathan’s Transformation Agenda. From 1986, Nigeria had total of four CBN Governors plus the incumbent, MallamSanusiLamidoSanusi. CBN Bulletin (2011) enumerated policy contents of SAP with major objectives to remove the controls of interest rates, enhance the institutional structure and supervision. Most importantly, to strengthen the money and capital markets through policy changes and distress resolution measuresand to improve the linkages between formal and informal financial sectors.The removal of the control of interest rate th rough inflation targeting is somewhat the main focus of SAP. The concernsof the financial operators, the real sectors managers, the economists, and the policy analysts are the effectiveness of macroeconomic policy instruments of the CBN and the Ministry of Finance. Then, the impact in GDP growth rate,the stability of macroeconomic variables and the economic growth policy sustainability. In essence, citizens want to see how growth in GDP results to increase in employment, equal distribution of wealth, enabling business nvironment, and improvements in Human Development Index(HDI). National Bureau of Statistics, NBS (2013) data presents positive outlook of the annual macroeconomic variables in Nigeria as reported by CBN. From 1980 to 2012, the data depicts constant increase in GDP Growth Rate,stable money supply, controlled inflation Rate, favourable interest Rate, etc. The Monetary Policy Committee(MPC) has maintained interest rate at double digits since 2009. Many economists and poli cy analysts question the integrity of NBS macroeconomic data and the CBN reports on the state of the economy.Ojomaikre(2012) questions the rationale of a statement he accredited to Nigeria’s Finance Minister,NgoziOkonjo-Iweala that Nigeria is one of the fastest growing economies in the world. Ojomaikre argues that Nigeria is not growing but broke. He asserts that government survey found out that, unemployment had increased across the country and was higher in rural than in urban areas. Similarly,he argues that the absolute poverty level had leapt from 54 per cent in 2006 to 70 per cent in 2010. The contradictions and argumentsregarding the growth of Nigeria economy and sustainability continue unabated.Obafemi(2013) supports some policies already implemented by the CBN in the last few years. He, however,questions the effectiveness of these policies in achieving the desired results and their sustainability. Sustainability in his opinion is about policy reversals when the presen t CBN Governor leaves office. Hoover(1988), posits that policy ineffectiveness theorem of New Classical school can be used to describe the current economic quagmire in Nigeria. PROBLEMS OF MACROECONOMIC POLICY AND SUSTAINABLE DEVELOPMENT IN NIGERIA Nigeria’s financial sector witnessed seemly tremendous innovations preceding the SAP  in 1986.Objectives of SAP are to provide a liberalised and level playing field for the emergency of effective and efficient institutions that would serve as an engine of economic growth. As part of the reforms, CBN liberated the operating licenses of commercial banks. Their number rose from 40 in 1986 to 120 banks in 1992. The reforms led to the emergences of other financial institution such as discount houses and bureaux de changes which were non-existence prior to 1986. Importantly, CBN data (2012)depicts the increases in the capital base of banks since the introduction of reforms.The capital base of all bank and financial institutions was rai sed in 1998, from 10 million to 500 million. Presently, after recapitalization in 2005, the capital base rose to 25 Billion Naira. However, the major negative economic effects of reform were excess liquidity, unstable exchange rate, high inflation and volatile interest rates. According to IndexMundi publication on Nigeria economy, inflation increased from 6. 26% in 1986 to about 49% in 1989, and reached the peak of 72% in 1995, depicting the highest rates recorded in Nigeria economy since 1986.CBN statistical data depicts macroeconomic indicators of money supply, inflation, and interest rates from 1986 when SAP was introduced. Money supply increased from about 24 Billion Naira in 1986 to 370 Billion Naira in 1996, and by 2006 money supply rose to four trillion Naira. The extreme volatility of inflation data within these periods demonstrate the instability of Nigerian economy which monetarists refer as monetary policy trap. On interest rates, CBN data shows that interest rate which w as 12% in 1986 jumped to 24% as of 1989.Since late 1990s to 2004, interest rates in Nigeria have remained above 20% and even reached 30% in 2002. What is the cause of interest rate variability and what is the determinant of interest rate in economy? Blanchard(2003) examines domestic factors such as inflation, money supply, GDP growth rate and exchange rates as key factors. Factors that distinguish developed and developing countries in interest rate regime are efficiency of macroeconomic policy, its operation and implementation strategy. Some weaknesses associated with developing economies are weak institutional and weak legal frameworks.In developing economy, there is always the problem of high interest rate spread because of excess risk taken by commercial banks. Excessive risk has potential to stall economic activities and GDP growth. In the case of Nigeria, combined with these characteristics of developing countries, has also problem of systemic corruption which tends to reduce t he efficiency of macroeconomic policy QUESTIONS OF MACROECONOMICS POLICY AND SUSTAINABLE DEVELOPMENT IN NIGERIA This study will seek to provide the answer to the following questions. . What are the institutional frameworks for implementation ofmacroeconomic policy in Nigeria? b. What macroeconomic variables are the determinants of interest rate? c. What is the linkage between macroeconomic policy and macroeconomic variables? d. What are the challenges of macroeconomic policy and sustainable development in Nigerian? e. What policy recommendations and implementation strategies are required for macroeconomic policy and sustainabledevelopment in Nigeria? AIM, OBJECTIVE, SCOPE, AND LIMITATIONS OF THIS STUDYThe aim of this study is to identify and examine the two essential elements of Macroeconomics: the fiscalandmonetary policy. Different macroeconomics variables will also be surveyed and their impact on sustainable development in Nigeria. The broad objective of this study will beto asse ss the macroeconomic policy and sustainable development in Nigeria. The specific objectives are: a. To examine the institutional frameworks and implementation ofmacroeconomic policy in Nigeria. b. To identify the macroeconomic variablesthat are the determinants of interest rate in Nigeria c.To determine the linkage between macroeconomic policy and macroeconomic variables. d. To evaluate the challenges of the macroeconomic policy and sustainable development in Nigeria. e. To recommend and proffer implementation strategies for effective macroeconomic policy and sustainable development in Nigeria? The scope covers the process of assessing the macroeconomic policy and sustainable development in Nigeria from 1980 to 2012. This involves the evaluation of institutional framework and monetary policy of CBN.The following variables will be analysed: interest rate, real interest rate, inflation rate, exchange rate, risk premium, to determine their relationships with GDP growth rate and sustain able development in Nigeria. The limitations will be encountered as the study progresses. There might be some difficulties in assessing some documents from CBN and to compare CBN data with that World Bank and IMF. These  problems can be solved through the availability of reliable secondary data in the internet.THE SIGNIFICANCE, POLICY RELEVANCE, THEORETICAL FRAMEWORK OF THIS STUDY Major concern of policy makers and monetary authorities regarding macroeconomic variables are not about the existence of these variables themselves but their sizes, which fluctuate in response to volatility of other variables. The result of this study will add to the theory of interest rate and existing body of knowledge in macroeconomic policy by assisting the CBN to conduct effective monetary policy that can drive sustainable development in Nigeria.The policy-maker will be well-informed to make appropriate macroeconomic policy. Technical language of macroeconomics will be simplified for the benefits of individuals in their financial transactions. The knowledge of financial operators and their entrepreneur acumen will beenriched with the introduction of risk premium as a macroeconomic analysing tool. Proper Information is necessary to create Macroeconomic awareness. This research will survey different theories of macroeconomics with special focus on macroeconomic policy of CBN.The survey of various definitions of macroeconomic variables will be carried out. The classical theory Adam Smith(1776),  author of the Wealth of Nations and his follwers; also the Keynesian theory of, Keynes(1936),and the new classical theory of Hoover(1988). These theories have differing views on which institution or policy instruments thatare more effective than the other. However, Blanchard(2003) will be helpful in definition of interest rate theory which includes how inflation rate, expected inflation rate, money supply, and exchange raterelate to macroeconomic growth and stability.Barro(2008) will co mpare term structure of interest rate. Ackley(1971)will establish investment theory with emphasis in real interest rates. Very important in this research is risk premium which will be defined with Perloff(2007) theory on federal and capital market bonds. To compare relationship among monetary economic variables and complementary policy instruments of CBN, Udaba(2002) identifies Open Market Operations(OMO), Nigerian Inter-Bank Rate(NIBOR), Reserve Requirement(RR), Moral Suction, Special Deposit, and the activities of Monetary Policy Committee(MPC).There is also the Anyanwu and Oaikhenan(1995)model used to analyse the macroeconomic policy sustainability in Nigeria. Finally, for this study, Blanchard (2003) model will be used to analyse the institutional frameworks, macroeconomic variables and macroeconomic policies. METHODOLOGY This research work will be analysed through the combination of quantitative and qualitative research methodologies. It will apply both the primary and secondar y sources of data collection. For estimation procedure, the study will employ Vector Autoregressive Model(VAR) and Autoregressive Conditional Heteroscedasticity(GARCH).The VAR model was developed by Sims(1980) and will be usedto capture the second objective while GARCH method by (Engle, 1982; Bollerslev, 1986) will be applied to capture third objectives. VAR model is theory-free model because some countries exhibit particular characteristics that sometimes are devoid of any economic theory. The choice of this model was because of its unique feature to bring out dynamic behaviour of macroeconomic variables. In the model, every variable is seen as endogenous variable that can be explained by its lagged value and lagged values of all other variables in the model.The GARCH model is a popular method in financial literatures used as reliable model for volatility. The model takes the form of a univariateAutoregressive (AR) process of variables in question and the variance as a function of squared innovations from this AR process. Unit Root Test and Co-Integration Test will be conducted to know the stationary position of the macroeconomic variables, their order of integrations, and to identify the number of equations that exist in the model. The Augmented Dickey Fuller(ADF) and Johnasen Method, Gujaranti and Porter(2009)are current statistical method for this research.Primary sources of data will be collected through pre-arranged oral interviews and solicitation for filling of questionnaires to knowledgeable individuals and experts in the field of monetary policy and financial institutions. There are needs to visit the headquarter of CBN, some banks,interact with policy makers and Nigerians from all walks of life. The secondary data will come from CBN Statistical Bulletin, NBS, World Bank and IMF Economic Outlook, economic journals, internet and electronic media.The NIPSS library will facilitate assess to some books and unpublished researchers. A sample size primary d ata source which will not be less than 50 respondents and willbe random collected from relevant offices and institutions. To conduct oral interviews and serve questionnaires, there are needs to visit the headquarter of CBN, some banks, interact with policy makers, Nigerians from all walks of life. The computer application will be E-view 3. 1 or above. This application handles Time-series data more efficiently.DEFINITION OF TERMS/CONCEPTUAL CLASSIFICATIONS Generalised Autoregressive Conditional Heterscedasticity(GARCH) Generalised Autoregressive conditional heterscedasticity used in measuring volatility in macroeconomic Time Series. Limited to more of financial time series. Vector Autoregression(var) Vector Autoregressive, used to estimate the lagged value of a variables and its lagged value to other variables. Helps in solving multiple equations problems among macroeconomic variables and to identify bilateral causality between variable: e. g. nterest rate effect inflation and inflat ion effects interest rate. United Root Test A statistical instrument used to test the stationarity (or non-stationarity) of time series variables. United Root Test resulthelps to reject or accept the null hypothesis. Co-integration Test If two variables have long term or equilibrium relationship between them, they co-integrated e. g. Fisher’s quantity theory of money. In its application, the parameter of estimated variables is compare with its critical significance. Policy Ineffectiveness Theorem(PIT)The theorem based on New Classical economics that money is neutrality on money in macroeconomic policies. Conclusions This work is organised into five sections. Section One present the Backgrounds, Problems of Macroeconomic Policy and Sustainable Development in Nigeria, Research QuestionsAims of Study and Objectives of Study, the Scope of the Study, Limitations, the Significance of the Study/Policy Relevance, Theoretical Framework, Hypotheses of the Study and Methodology. Section Three, discusses the historical development of macroeconomic policy and sustainable development in Nigeria.The focus here will be Monetary Policy of Central Bank of Nigeria, with specific study in interest rate determinant. Section Four will present data, content analysis and interpretations. Section five will display the overview of the research work include summary of findings, conclusions, recommendation and implementation strategies. References Ackley, G. (1971), Macroeconomics. UK: Macmillian Adam Smith, (1776). â€Å"Masterpiece:An Inquiry into the Nature and Causes of the Wealth of Nations. †Edited by Edwin Cannan. Chicago: University  of  Chicago  Press,  1976.Available  online  at: http://www. econlib. org/library/Smith/smWN. html, 14/3/2013 Ampomg, K. O. (2005), â€Å"Inflation Targeting Monetary Policy-the Way Forward†,www. ghanaweb. com/ghanahomepage/features/artikel. phd? ID=80363. 12/3/2013 Anyanwu, J. C and H. E. Oaikhenan(1995),Modern Macro economics:Theory and Application in Nigeria. Onitsha:Joanee Educational Publishers Ltd. Blanchard, O. (2003), Macroeconomics. New Jersey: Prentice Hall. Bollerslev, T. (1986), â€Å"Generalised Autoregressive Condition Heteroscedasticity. †Journal of Econometrics, 31, 307-327.Barro,R. J. (2008), Macroeconomics. New Jersey: Prentice Hall. CBN, (2011), â€Å"Monetary Policy Reform. † www. cenbank. org/monetarypolicy reforms. asp. 13/3/2013. Engle, R. F. (1982), â€Å"Autoregressive Condition Heterscedasticity with Estimates of the Variance of United Kingdom. †Econometrical, 50, 987-1000. Gujarati, D. N. And Porter, D. C. (2009), â€Å"Basic Econometrics†. New York: McGraw-Hill Education. Hoover, Kevin D. (1988), The New Classical Macroeconomics: A Sceptical Inquiry. Oxford: Blackwell IndexMundi, (2011), â€Å"Consumer Price†, www. indexmudi. om/nigeria/inflation rate%28consumerprice%29. html. 12/3/2013. Keynes, John M. (1935). The General Theory of E mployment, Interest, and Money. London: Macmillan. Obafemi,O. Thisday, â€Å"CBN and Financial Policy Implementation. †16 February, 2013. Ojomaikre, A. Guardian, â€Å"Nigeria is not Growing and Broke(1). † 25 June, 2012. Perloff, J. M. (2007), Microeconomics. New York: Pearson/Addison Wesley. Sims, A. A. (1980), â€Å"Macroeconomics and Reality. †Econometrical, 48, 10. Udaba, S. I. (2002), An Introduction to Nigerian Public Finance. Enugu:Linco Press. Macroeconomics Policy and Sustainable Development in Nigeria MACROECONOMICS POLICY AND SUSTAINABLE DEVELOPMENT IN NIGERIA INTRODUCTION In normal economic condition, macroeconomic policy drivessustainable development of anation. The two main branches of macroeconomics policies are based on monetary and fiscal economics. Central Bank, the nationalapex bank controls the monetary policy while the Ministry of Financeplays major role in national fiscal policy. However, most economists concur that, synergy exists between micro-and macro-economics variables and two policy agents of government: the CBN and Ministry of Finance determine the success or the degree of sustainability of macroeconomic development.In support of theimportance of central bank in macroeconomic policy, Ampong(2005) posits that non-artificial central bank independency has beena source of great success for the management and stabilisation of macroeconomic variables in countries like Norway, Sweden, Israel, Iceland, Denmark, New Zealand, United Kingdom, etc. In essence, there is the ory gap among economists onthe level of central bank’s independence, especially in developing economy such as Nigeria where there have been constant agitating for curtailing of the CBN’s autonomy. Nigeria economy has passed many phases since the introduction of SAP by Babangida Government in 1986.The Abacha Government came up with Vision 2010, the Obasanjo with NEEDS, the Yar’dua with Nigeria Vision 20:2020 and presently, the Jonathan’s Transformation Agenda. From 1986, Nigeria had total of four CBN Governors plus the incumbent, MallamSanusiLamidoSanusi. CBN Bulletin (2011) enumerated policy contents of SAP with major objectives to remove the controls of interest rates, enhance the institutional structure and supervision. Most importantly, to strengthen the money and capital markets through policy changes and distress resolution measuresand to improve the linkages between formal and informal financial sectors.The removal of the control of interest rate th rough inflation targeting is somewhat the main focus of SAP. The concernsof the financial operators, the real sectors managers, the economists, and the policy analysts are the effectiveness of macroeconomic policy instruments of the CBN and the Ministry of Finance. Then, the impact in GDP growth rate,the stability of macroeconomic variables and the economic growth policy sustainability. In essence, citizens want to see how growth in GDP results to increase in employment, equal distribution of wealth, enabling business nvironment, and improvements in Human Development Index(HDI). National Bureau of Statistics, NBS (2013) data presents positive outlook of the annual macroeconomic variables in Nigeria as reported by CBN. From 1980 to 2012, the data depicts constant increase in GDP Growth Rate,stable money supply, controlled inflation Rate, favourable interest Rate, etc. The Monetary Policy Committee(MPC) has maintained interest rate at double digits since 2009. Many economists and poli cy analysts question the integrity of NBS macroeconomic data and the CBN reports on the state of the economy.Ojomaikre(2012) questions the rationale of a statement he accredited to Nigeria’s Finance Minister,NgoziOkonjo-Iweala that Nigeria is one of the fastest growing economies in the world. Ojomaikre argues that Nigeria is not growing but broke. He asserts that government survey found out that, unemployment had increased across the country and was higher in rural than in urban areas. Similarly,he argues that the absolute poverty level had leapt from 54 per cent in 2006 to 70 per cent in 2010. The contradictions and argumentsregarding the growth of Nigeria economy and sustainability continue unabated.Obafemi(2013) supports some policies already implemented by the CBN in the last few years. He, however,questions the effectiveness of these policies in achieving the desired results and their sustainability. Sustainability in his opinion is about policy reversals when the presen t CBN Governor leaves office. Hoover(1988), posits that policy ineffectiveness theorem of New Classical school can be used to describe the current economic quagmire in Nigeria. PROBLEMS OF MACROECONOMIC POLICY AND SUSTAINABLE DEVELOPMENT IN NIGERIA Nigeria’s financial sector witnessed seemly tremendous innovations preceding the SAP  in 1986.Objectives of SAP are to provide a liberalised and level playing field for the emergency of effective and efficient institutions that would serve as an engine of economic growth. As part of the reforms, CBN liberated the operating licenses of commercial banks. Their number rose from 40 in 1986 to 120 banks in 1992. The reforms led to the emergences of other financial institution such as discount houses and bureaux de changes which were non-existence prior to 1986. Importantly, CBN data (2012)depicts the increases in the capital base of banks since the introduction of reforms.The capital base of all bank and financial institutions was rai sed in 1998, from 10 million to 500 million. Presently, after recapitalization in 2005, the capital base rose to 25 Billion Naira. However, the major negative economic effects of reform were excess liquidity, unstable exchange rate, high inflation and volatile interest rates. According to IndexMundi publication on Nigeria economy, inflation increased from 6. 26% in 1986 to about 49% in 1989, and reached the peak of 72% in 1995, depicting the highest rates recorded in Nigeria economy since 1986.CBN statistical data depicts macroeconomic indicators of money supply, inflation, and interest rates from 1986 when SAP was introduced. Money supply increased from about 24 Billion Naira in 1986 to 370 Billion Naira in 1996, and by 2006 money supply rose to four trillion Naira. The extreme volatility of inflation data within these periods demonstrate the instability of Nigerian economy which monetarists refer as monetary policy trap. On interest rates, CBN data shows that interest rate which w as 12% in 1986 jumped to 24% as of 1989.Since late 1990s to 2004, interest rates in Nigeria have remained above 20% and even reached 30% in 2002. What is the cause of interest rate variability and what is the determinant of interest rate in economy? Blanchard(2003) examines domestic factors such as inflation, money supply, GDP growth rate and exchange rates as key factors. Factors that distinguish developed and developing countries in interest rate regime are efficiency of macroeconomic policy, its operation and implementation strategy. Some weaknesses associated with developing economies are weak institutional and weak legal frameworks.In developing economy, there is always the problem of high interest rate spread because of excess risk taken by commercial banks. Excessive risk has potential to stall economic activities and GDP growth. In the case of Nigeria, combined with these characteristics of developing countries, has also problem of systemic corruption which tends to reduce t he efficiency of macroeconomic policy QUESTIONS OF MACROECONOMICS POLICY AND SUSTAINABLE DEVELOPMENT IN NIGERIA This study will seek to provide the answer to the following questions. . What are the institutional frameworks for implementation ofmacroeconomic policy in Nigeria? b. What macroeconomic variables are the determinants of interest rate? c. What is the linkage between macroeconomic policy and macroeconomic variables? d. What are the challenges of macroeconomic policy and sustainable development in Nigerian? e. What policy recommendations and implementation strategies are required for macroeconomic policy and sustainabledevelopment in Nigeria? AIM, OBJECTIVE, SCOPE, AND LIMITATIONS OF THIS STUDYThe aim of this study is to identify and examine the two essential elements of Macroeconomics: the fiscalandmonetary policy. Different macroeconomics variables will also be surveyed and their impact on sustainable development in Nigeria. The broad objective of this study will beto asse ss the macroeconomic policy and sustainable development in Nigeria. The specific objectives are: a. To examine the institutional frameworks and implementation ofmacroeconomic policy in Nigeria. b. To identify the macroeconomic variablesthat are the determinants of interest rate in Nigeria c.To determine the linkage between macroeconomic policy and macroeconomic variables. d. To evaluate the challenges of the macroeconomic policy and sustainable development in Nigeria. e. To recommend and proffer implementation strategies for effective macroeconomic policy and sustainable development in Nigeria? The scope covers the process of assessing the macroeconomic policy and sustainable development in Nigeria from 1980 to 2012. This involves the evaluation of institutional framework and monetary policy of CBN.The following variables will be analysed: interest rate, real interest rate, inflation rate, exchange rate, risk premium, to determine their relationships with GDP growth rate and sustain able development in Nigeria. The limitations will be encountered as the study progresses. There might be some difficulties in assessing some documents from CBN and to compare CBN data with that World Bank and IMF. These  problems can be solved through the availability of reliable secondary data in the internet.THE SIGNIFICANCE, POLICY RELEVANCE, THEORETICAL FRAMEWORK OF THIS STUDY Major concern of policy makers and monetary authorities regarding macroeconomic variables are not about the existence of these variables themselves but their sizes, which fluctuate in response to volatility of other variables. The result of this study will add to the theory of interest rate and existing body of knowledge in macroeconomic policy by assisting the CBN to conduct effective monetary policy that can drive sustainable development in Nigeria.The policy-maker will be well-informed to make appropriate macroeconomic policy. Technical language of macroeconomics will be simplified for the benefits of individuals in their financial transactions. The knowledge of financial operators and their entrepreneur acumen will beenriched with the introduction of risk premium as a macroeconomic analysing tool. Proper Information is necessary to create Macroeconomic awareness. This research will survey different theories of macroeconomics with special focus on macroeconomic policy of CBN.The survey of various definitions of macroeconomic variables will be carried out. The classical theory Adam Smith(1776),  author of the Wealth of Nations and his follwers; also the Keynesian theory of, Keynes(1936),and the new classical theory of Hoover(1988). These theories have differing views on which institution or policy instruments thatare more effective than the other. However, Blanchard(2003) will be helpful in definition of interest rate theory which includes how inflation rate, expected inflation rate, money supply, and exchange raterelate to macroeconomic growth and stability.Barro(2008) will co mpare term structure of interest rate. Ackley(1971)will establish investment theory with emphasis in real interest rates. Very important in this research is risk premium which will be defined with Perloff(2007) theory on federal and capital market bonds. To compare relationship among monetary economic variables and complementary policy instruments of CBN, Udaba(2002) identifies Open Market Operations(OMO), Nigerian Inter-Bank Rate(NIBOR), Reserve Requirement(RR), Moral Suction, Special Deposit, and the activities of Monetary Policy Committee(MPC).There is also the Anyanwu and Oaikhenan(1995)model used to analyse the macroeconomic policy sustainability in Nigeria. Finally, for this study, Blanchard (2003) model will be used to analyse the institutional frameworks, macroeconomic variables and macroeconomic policies. METHODOLOGY This research work will be analysed through the combination of quantitative and qualitative research methodologies. It will apply both the primary and secondar y sources of data collection. For estimation procedure, the study will employ Vector Autoregressive Model(VAR) and Autoregressive Conditional Heteroscedasticity(GARCH).The VAR model was developed by Sims(1980) and will be usedto capture the second objective while GARCH method by (Engle, 1982; Bollerslev, 1986) will be applied to capture third objectives. VAR model is theory-free model because some countries exhibit particular characteristics that sometimes are devoid of any economic theory. The choice of this model was because of its unique feature to bring out dynamic behaviour of macroeconomic variables. In the model, every variable is seen as endogenous variable that can be explained by its lagged value and lagged values of all other variables in the model.The GARCH model is a popular method in financial literatures used as reliable model for volatility. The model takes the form of a univariateAutoregressive (AR) process of variables in question and the variance as a function of squared innovations from this AR process. Unit Root Test and Co-Integration Test will be conducted to know the stationary position of the macroeconomic variables, their order of integrations, and to identify the number of equations that exist in the model. The Augmented Dickey Fuller(ADF) and Johnasen Method, Gujaranti and Porter(2009)are current statistical method for this research.Primary sources of data will be collected through pre-arranged oral interviews and solicitation for filling of questionnaires to knowledgeable individuals and experts in the field of monetary policy and financial institutions. There are needs to visit the headquarter of CBN, some banks,interact with policy makers and Nigerians from all walks of life. The secondary data will come from CBN Statistical Bulletin, NBS, World Bank and IMF Economic Outlook, economic journals, internet and electronic media.The NIPSS library will facilitate assess to some books and unpublished researchers. A sample size primary d ata source which will not be less than 50 respondents and willbe random collected from relevant offices and institutions. To conduct oral interviews and serve questionnaires, there are needs to visit the headquarter of CBN, some banks, interact with policy makers, Nigerians from all walks of life. The computer application will be E-view 3. 1 or above. This application handles Time-series data more efficiently.DEFINITION OF TERMS/CONCEPTUAL CLASSIFICATIONS Generalised Autoregressive Conditional Heterscedasticity(GARCH) Generalised Autoregressive conditional heterscedasticity used in measuring volatility in macroeconomic Time Series. Limited to more of financial time series. Vector Autoregression(var) Vector Autoregressive, used to estimate the lagged value of a variables and its lagged value to other variables. Helps in solving multiple equations problems among macroeconomic variables and to identify bilateral causality between variable: e. g. nterest rate effect inflation and inflat ion effects interest rate. United Root Test A statistical instrument used to test the stationarity (or non-stationarity) of time series variables. United Root Test resulthelps to reject or accept the null hypothesis. Co-integration Test If two variables have long term or equilibrium relationship between them, they co-integrated e. g. Fisher’s quantity theory of money. In its application, the parameter of estimated variables is compare with its critical significance. Policy Ineffectiveness Theorem(PIT)The theorem based on New Classical economics that money is neutrality on money in macroeconomic policies. Conclusions This work is organised into five sections. Section One present the Backgrounds, Problems of Macroeconomic Policy and Sustainable Development in Nigeria, Research QuestionsAims of Study and Objectives of Study, the Scope of the Study, Limitations, the Significance of the Study/Policy Relevance, Theoretical Framework, Hypotheses of the Study and Methodology. Section Three, discusses the historical development of macroeconomic policy and sustainable development in Nigeria.The focus here will be Monetary Policy of Central Bank of Nigeria, with specific study in interest rate determinant. Section Four will present data, content analysis and interpretations. Section five will display the overview of the research work include summary of findings, conclusions, recommendation and implementation strategies. References Ackley, G. (1971), Macroeconomics. UK: Macmillian Adam Smith, (1776). â€Å"Masterpiece:An Inquiry into the Nature and Causes of the Wealth of Nations. †Edited by Edwin Cannan. Chicago: University  of  Chicago  Press,  1976.Available  online  at: http://www. econlib. org/library/Smith/smWN. html, 14/3/2013 Ampomg, K. O. (2005), â€Å"Inflation Targeting Monetary Policy-the Way Forward†,www. ghanaweb. com/ghanahomepage/features/artikel. phd? ID=80363. 12/3/2013 Anyanwu, J. C and H. E. Oaikhenan(1995),Modern Macro economics:Theory and Application in Nigeria. Onitsha:Joanee Educational Publishers Ltd. Blanchard, O. (2003), Macroeconomics. New Jersey: Prentice Hall. Bollerslev, T. (1986), â€Å"Generalised Autoregressive Condition Heteroscedasticity. †Journal of Econometrics, 31, 307-327.Barro,R. J. (2008), Macroeconomics. New Jersey: Prentice Hall. CBN, (2011), â€Å"Monetary Policy Reform. † www. cenbank. org/monetarypolicy reforms. asp. 13/3/2013. Engle, R. F. (1982), â€Å"Autoregressive Condition Heterscedasticity with Estimates of the Variance of United Kingdom. †Econometrical, 50, 987-1000. Gujarati, D. N. And Porter, D. C. (2009), â€Å"Basic Econometrics†. New York: McGraw-Hill Education. Hoover, Kevin D. (1988), The New Classical Macroeconomics: A Sceptical Inquiry. Oxford: Blackwell IndexMundi, (2011), â€Å"Consumer Price†, www. indexmudi. om/nigeria/inflation rate%28consumerprice%29. html. 12/3/2013. Keynes, John M. (1935). The General Theory of E mployment, Interest, and Money. London: Macmillan. Obafemi,O. Thisday, â€Å"CBN and Financial Policy Implementation. †16 February, 2013. Ojomaikre, A. Guardian, â€Å"Nigeria is not Growing and Broke(1). † 25 June, 2012. Perloff, J. M. (2007), Microeconomics. New York: Pearson/Addison Wesley. Sims, A. A. (1980), â€Å"Macroeconomics and Reality. †Econometrical, 48, 10. Udaba, S. I. (2002), An Introduction to Nigerian Public Finance. Enugu:Linco Press.