The Credit Crisis and the Resulting Effects on the Financial World Essay Example for Free

The Credit Crisis and the Resulting Effects on the Financial World Essay All of these events are what has led to what analysts have said to be a recession. This paper will attempt to explain the causes that credit issues had on the financial crisis as well as show how liquidity played a major role in throwing debt markets into panic and in some cases failure. I will also give some insight into how the debt markets became inactive because of these issues. We will also take a look at how interest rates affected this crisis as well as how the stock market and initial public offerings (IPOs) were affected. The Beginnings of the Bubble Burst After the internet bubble burst of 2000 the Federal Reserve Bank was worried about a serious deflationary period. Because of this fear they did not want to counteract the housing bubble. The Federal Reserve Bank actually lowered the federal funds rate from 6. 5% to 1% in the period from 2000 to 2003. This was done in order to soften the blow from the internet bubble and was encouraging people to borrow at faster rates. During this time period, banks also went through a serious transformation period where instead of holding onto debt, they used new financial innovations to bundle them and sell the risk off onto other investors. This process was named originate and distribute. In this banking model loans were put together, tranched and sold via securitization. To tranche means to slice up the pool of debt into say slices of a pie. Each pie slice has a different risk involved, credit rating and thus different amounts of interest paid. Securitization is where these slices are then sold to different investors as bonds or Collaterized Mortgage Obligations (CMOs). The principal and interest on the debt, underlying the security, is paid back to the various investors regularly. These types of new innovations led to new investors and thus access to more liquidity for banks. Banks began to thrive with all the new opportunities for them to create more liquidity. As you can see from this chart, Securitization was being exploited at alarming rates. [pic] This in turn, allowed them to be able to lend more money. The problem was not the increased amounts of loans that banks gave out, the problem lied with whom these banks were lending money. Of course the added pressures growing in the market from the government and financial institutions werent helping matters. As I mentioned earlier, The Federal Reserve Bank was lowering the federal funds rate in the years of 2000 through 2003 which encouraged people to invest in real estate. At the time the real estate market was on a tremendous upswing. However in the years of 2004 through 2006 they started increasing the federal funds rate (FFR) which made 1-5 year adjustable rate mortgages more expensive to reset for homeowners. There was another side effect of the rising FFR, generally when interest rates rise, assets fall in value. This would mean that speculation in real estate would be much riskier for investors, and this may have led to the eventual housing bubble burst. However this did not stop banks from targeting a new market. A new customer target entered the market for banking systems, Sub-prime borrowers. Originally, banks were, for the most part only lending to prime borrowers, a group of borrowers who are considered the most credit-worthy, indicated by a FICO score greater than 720. These prime borrowers were able to borrow money at the markets best interest rate and were also considered safe investments. Sub-prime borrowers on the other hand, were less than desirable potential customers to lend to. Their credit ratings were much lower than prime borrowers, meaning they were more likely to be late with payments on loans or even default all together. Now, initially banks may have strayed away from giving as many loans out to sub-prime borrowers as they did, however added pressures by the government and financial institutions were mounting. When the Securities and Exchange Commission relaxed the net capital rule in 2004, this allowed the five biggest investment banks to dramatically increase the leverage they could use and also allowed them to aggressively expand on their issuance of mortgage backed securities (an asset-backed security or debt obligation that represents a claim on the cash flows from mortgage loans through securitization). This then pressured government entities such as Fannie Mae and Freddie Mac to expand their riskier lending to sub-prime borrowers, and this led as an example for other banks that followed suit. Financial Market Begins to Feel the Pain and the Onslaught of Liquidity Issues Arise The rise of securitized products ultimately led to a flood of cheap credit, and lending standards fell. Now that banks had a way to get rid of the majority of risk involved in lending money, via securitized products being sold to financial institutions, they took an easy going approach to approving and monitoring loans. Banks came up with new ways to give out mortgage loans with no down-payments, jobs and even income! These were called piggyback mortgages (the combination of two loans to take the need of a down payment away) and NINJA (no income, no job or assets). These loans were given on the assumption that people if people needed money they could always refinance and actually horribly wrong and in fact the opposite happened. Loans started to default a domino effect began causing liquidity crisis as well as other issues. The trigger for the liquidity crisis began in early 2007, when sub-prime mortgage defaults started increasing at damageable speeds. Mortgage-backed Securities, CDOs and asset-backed securities (a security whose value and income payments are derived from and collateralized (or backed) by a specified pool of underlying assets) all took a huge hit. This dominoed into the shadow banking system (financial institutions that do not have the same regulations as banks because they do not take deposits like banks do) causing many institutions great problems. The major issue was that a lot of these shadow banks had borrowed from investors in short-term, liquid markets (such as money markets and commercial paper markets) and then took this money and lent it out to corporations or invested in long term investments, less liquid assets. In most cases these long term assets that were purchased were mortgage-backed securities. So as you can see the default on sub-prime mortgages was deeply intertwined with all that shadow banking systems were involved in. Once the mortgages defaulted and investors became weary of investing in mortgage backed securities, these financial institutions that had so heavily depended on short term monetary loans from the investors were finding themselves quickly bankrupt. Because the shadow banks are not regulated such as depository banks they are also not able to use the lender of last resort, the U. S. Central Bank. In short financial institutions were in a serious bind. They needed to sell their long term loans for cents on the dollar to be able to pay off the short term loan payments and in the end many institutions were out of business. Some notable companies in 2008 that closed down shop were Bear Stearns and Lehman Brothers. And the long and short of it is that these financial institutions were also highly leveraged. That coupled with the long term illiquid investments they held were the shadow bankers downfall. The effects of defaulted mortgages did not stop there. The effects of defaulted mortgages continued to snowball into a huge problem for such companies as AIG. AIG is an international insurance company that had heavily invested in credit default swaps. The major problem that started the downfall of AIG was the downgrade of its credit rating. When you have a credit rating of AAA you do not, by industry standards, have to give collateral when entering into credit swaps. When AIG had to start providing collateral with their trading counter parties the problem of liquidity started. This was not just a small problem either; they had backed 100 cents on the dollar to CDSs. They had engaged in over 440 billion dollars worth of CDSs of which almost 60 billion were structured by sub-prime loans. In their first half of 2008 they reported 13. 2 billion in losses. They were on the verge of what could have sent our whole financial system into chaos. Had AIG failed it would have sent a wave of bankruptcy through the financial world that would have collapsed the entire market. Because after all, they were insuring financial institutions, who were holding risk for banks who had defaulted mortgage loans. The bailout by the U. S. Government saved AIG by giving them the biggest bailout in history, 85 billion dollars (of which the US Government got an 80 percent equity stake). That was not even the end of it; AIG was given another 77 billion after that. The buck basically stopped with AIG, as they were too big to fail. They had offered a product that while markets were doing well AIG was successful, but as the market declined they entered into what analysts say was inevitable. They offered to cover all risk when offering 100 cents on the dollar, and once the defaults on prime mortgages made it through the entire financial world they had to back the product they offered in CDSs and obviously they could not. The Financial Market Freezes The collapse of the shadow banking system was an igniter of the market freezing. They had accounted for one third of all U. S. lending mechanisms leading into this crisis. The reasoning was because investors that had been supporting the financial institutions with short term money loans quickly bailed out once things started to go wrong. With this absence of monetary injection into the shadow banking systems they were no longer able to fund mortgage funds, corporations and others in need of their services. This caused banks to have a serious absence of liquidity as well, leading them to start hoarding money. This meant that instead of banks loaning to counter-parties in need they held onto the funds in fear of needing liquidity in the future. This was a serious problem and one that will not be fixed in years to come. A lot of the forms of securitization that were once available are likely gone forever. The reasoning behind them disappearing is that they were designed in a time of very loose credit conditions and that time has gone, at least for now. While banks have raised their lending standards it was the rise and fall of shadow banks that inevitably led to the inactivity of debt markets. The Stock Market Follows As I mentioned earlier, the defaults on sub-prime mortgages spiraled into many liquidity problems in the financial markets. They caused investors to start fearing that markets would continue to drop. Banking institutions bankrupted, and with AIG on the brink of disaster, matters only got worse. Investors caused bank runs (Groups of people all withdrawing money from banking institutions at the same time), Illiquidity, and massive panic in stock markets. As we can see from this table, The S;P 500 index was significantly hit by these defaults. As you can see, during the crisis period volatility was 43. 6% (325% of pre-crisis period). [pic] This table reflects how the average investor was feeling about the market. As you can see in the post-crisis analysis the market volatility is still at 20. 9% and the average is actually lower than the crisis period. This next chart reflects the Dow Jones Industrial Average (DOW). As you can see here, the chart mirrors the information given in the last table. March 2009 was the low point of the market (where the crisis ended), and the market has rebounded. It has not yet returned to its previous high of 14,000 but it has steadily been on the incline since March 2009. This gives us hope in looking to the future, that even in the trenches our economy can rebound. Effects on Initial Public Offerings Initial public offerings are the first sale of stock by a company to the public. This allows companies big and small to raise capital for their firms. With the severe economic downturn in 2008, it sent a wave of negative effects worldwide, which hit the IPO markets hard. IPO markets plummeted by over 60% in both deal numbers and funds raised. Up until 2008, there had been record-setting years with IPOs. The problem lied with the illiquid markets. There was a significantly less money that investors were willing to supply for IPOs. Although IPOs were taking a significant hit, U. S. and China still led the way as far as funds raised from IPOs Companies with strong business plans and innovative products for the economy were still able to realize positive gains in the public markets. Looking towards the future, IPOs will rebound. Analysts say that signs point to new horizons for IPOs, favoring companies that offer innovative and public solutions for the changing environment. Looking Towards the Future In short, our financial world hit a wall when sub-prime mortgages were abused. Securitization multiplied the effects from default mortgages causing financial ripples that destroyed many firms. Other problems such as the relaxing of regulations and the pressures from the U. S government to give out sub-prime mortgages only made things worse. Greed ran wild and should have taught us a lesson on what deregulation and the abuse of sub-prime borrowers can do to markets. We also need to keep banks more regulated and have the government always keeping a watchful eye on the shadow banking system. Congress and the Obama Administration have taken the first step forward to preventing a repeat by putting into law the Dodd-Frank Wall Street Reform and Consumer Protection Act. As regulators begin the rule-making process it is estimated that the act mandates nearly 250 regulations and 70 studies. Just as quickly as it was passed, however, the industry was hard at work lobbying to diminish the protections under the act by intervening as much as possible in the rule-making process that follows any such legislation. Additionally, the industry lobbyist are hard at work in an effort to get the newly elected Republican-controlled House of Representatives to weaken the legislation’s impact through low funding of the various regulatory enforcement provisions. I would hope that in the future we can learn from this crisis and realize that lending to borrowers with good credit, and income that can afford the payments of a loan, are very important aspects in lending. Equally, financial institutions must get back to seriously following their own loan policies, since most policiesthat were ignored allowed for loans to be approved that should not have been. . Works Cited 1. United States. Federal Reserve Bank of St. Louis. The Financial Crisis Timeline. Web 09 Dec. 2010.

The Brink of War :: history

The Brink of War In 1914, there were many things that placed Europe at the brink if war. Nationalism, militarism, imperialism, social darwinism, and Jingoes where five of the main forces that were pushing Europe to the brink of war. Another main force was the development of Alliance systems. These ideas and systems threatened the balance of power which could then cause a major war to break out. In Europe at the time, there were many ideas which were causing friction. Nationalism, which was the desire for a country was causing friction because people in old empires sought to be free. The leaders of these people would not be happy and a war would definitely break out. If they became free they would also need to take land from someone else and this again may cause a war and usually did. Another idea which was contributing to the shifts of power in Europe was Militarism. This was when a country believed its power was reflected in its army. They believed that war was the right thing to do and that all countries needed to be ready for war. If a country felt they had a lot of power they would, no doubt, try to conquer a weaker neighbor or just any other country. Imperialism which was the countries want to build an empire was another reason. For a country to become an empire they would have to colonize and conquer other territories. This would easily start wars and it's not that hard to figure out why. A good example of this is Italy. They wanted to become an empire so they attacked a country which they thought was weaker then them(Abyssinia). This caused a war which in the end was won by Abyssinia. Another cause was the idea of social darwinism. This meant the survival of the fittest. The best would win and the weaker would parish. The stronger country would attack weaker countries and in the end the weaker would usually lose. This caused a lot of tension just like militarism. The last of the ideas, was the idea of jingoes. These were people who lived for war. All they wanted was to go to war. Jingoes where very aggresive talkers and they caused a lot of friction between many countries. These ideas where some of the main reasons Europe was pushed to the brink of war.

Child abduction Essay

Kidnapping is any illegal capture or detention by any strangers for criminal and mischievous purpose. In criminal laws, kidnapping means taking away or asportation of a person against the person’s will. These problems are usually caused by parental child abduction, children abduction for slavery and abduction results from parents to bring up as their own. Now, here are some preventions for these particular circumstance from occur. First of all, parents ought to give guidelines to their children. They should play their very important role to build up a family safety plan. Parents need to educate their kids to think logically, in order to do so, kids must be taught that questioning, reasoning, and criticizing are good requirement to stay safe. They have to stay aware of the surrounding issues and keep alert. For example, teach the kids about stranger and common lures used by kidnapper such as giving sweets to seduce them and many more. Other than that, parents should also listen to their kids’ problem. Ask if they have question, and listen carefully to their answer. Parents have to put themselves into their children’s shoes. Moreover, it is essential to know where the kids are going, who is with them and when they are suppose to return home. Parents can check on the location of their children if they keep a list of acquaintance’s phone numbers. Besides that, an implantable chip touted is another effective solution for child kidnapping. The chip can be surgically planted under a child’s skin, putting it into the fabric of clothes or inserted under the skin by injection. With this chip, parents can easily detect their children’s situation, once they are out of the certain area the special alarms will send out a SOS signal. This is because it has an SOS button, which sends an SMS and position coordinates to a predefined mobile number if the child is in trouble. A parent can call the child back to find out what the problem is. Kidnapping can be controlled if the laws are strong and if you inform your parent or guardian where you are going.

Juvenile Court Vs. Adult - 1452 Words

Nowadays, murders, rapists and other heinous crimes can be committed by anyone. A fourteen-year-old teenager murders someone or does a massacre in school can be often seen from the headline news of newspaper. However, these youth criminals may have much less severe punishment than adults may have who have done the same crime. A criminal is a criminal that must be punished as no difference between adult and youths; especially, the crimes are categorized under murder and rape. A bullet wound just hurt as much when a child as fires the gun as when an adult fires the gun. Therefore, regardless to age, the youths who commit heinous crimes like murder and rape should be charged as adults in a way of the punishment they deserve the same. The difference between juvenile court and adult court have been distinct. The issue has been a controversial one for a long time. The two justice systems, juvenile court and adult court have been long established for decades. Both involve people accused of crimes with the basic individual rights in the court. According to Pacific Juvenile Defender Center, it stated, â€Å"Youth may be held under juvenile court jurisdiction from age 12 until age 21, or until age 25 if he or she is committed to the California division of juvenile justice.† (YLC, 2009) The purpose of juvenile court system was set up for those youths who are not as mature and cannot be held as adults. However, juvenile crimes are becoming more often and heinous, it is necessary to focusShow MoreRelatedJuvenile Vs Juvenile915 Words   |  4 PagesJuvenile v. Adult Corrections Juvenile delinquents use to not face police or a correction system, only the fear and punishment of their families. However, as the juvenile delinquents aged they were faced with harsher punishments, but it was not until the 1800s reformers started looking for ways to teach values and built asylum and training schools. Then the concept of parens patriae occurred to establish the right to intervene in a child’s life when there were issues (Siegel, 2016). The next majorRead MoreJuvenile Violent Crime And Juvenile Crime Rates1720 Words   |  7 Pagespunishments as adults, depending on the crime they committed. Punishments even included death if the juvenile was deemed to be past the point of help. Later on courts were geared more towards rehabilitation than punishment. Reform movements came along and parents could send their children off to reformatories to live and work as part of their rehabilitation. Due to poor living and working conditions many of these places were closed down. Soon after the Progressive Era, the first juvenile court system wasRead MoreJuvenile Rehabilitation: Adult Prison vs. Juvenile Incarceration1703 Words   |  7 PagesJuvenile Rehabilitation: Adult Prisons vs. Juvenile Incarceration Maureen Fries-Labra English 122 Anna Hopson December 14, 2009 Juvenile Rehabilitation: Adult Prisons vs. Juvenile Incarceration The criminal justice system has a branch for juvenile offenders. Established in the early twentieth century; it is the responsibility of this division to decide the fates of youthful offenders. This is administered by family court with support of social workers and family. With the increased numberRead MoreEssay on Adult Justice System vs. Juvenile Justice System1145 Words   |  5 PagesAdult Justice System vs. Juvenile Justice System Versus CJ150: Juvenile Delinquency Josh Skaggs There are many similarities and differences between the adult and juvenile justice systems. 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One way prosecutors can proceed, in trying the juvenile as an adult, is by exercising the 2011 SenateRead MoreMaking Poor Decisions : The Sentencing Age For Juveniles1257 Words   |  6 Pageswhat happens when making a poor decision results in unforeseen consequences that can lead to the destruction of an individual’s adult life. For some juveniles, those poor decisions consist of the commission of criminal offenses, which can automatically set them up for failure in their adult lives. P1 P2 Taking the initiative to change the sentencing age for juveniles will help America not only use funds in a more constructive way, but will also help youth learn from their mistakes without beingRead MoreJuveniles and The Death Penalty Essay1604 Words   |  7 PagesJuveniles and The Death Penalty *No Works Cited One of the most controversial issues in the rights of juveniles today is addressed in the question, Should the death penalty be applied to juveniles? For nearly a century the juvenile courts have existed to shield the majority of juvenile offenders from the full weight of criminal law and to protect their entitled special rights and immunities. In the case of kent vs. United states in 1996, Justice Fortas stated some of these special rightsRead MoreJuvenile Delinquency Prevention Act Of 19741576 Words   |  7 Pagesexploring the internet on juvenile delinquents. We as a class have had many good questions to answer about the different ways juveniles are treated, and what the correct or incorrect treatment is for juveniles. We have written many papers and had many discussion on historical milestones, landmark cases, adult courts, juvenile courts, probation and parole, detention centers and juvenile training programs. This semester has really changed the way that I look at juvenil e delinquents. Three historicalRead MoreSimilarities and Differences Between the Juvenile Justice and Adult Criminal System835 Words   |  4 PagesRunning Head: JUVENILE V. CRIMINAL 1 Juvenile Justice System V. Criminal Justice System Ronda Cauchon CJ150-01 Professor Abreu Kaplan University October 9, 2012 JUVENILE V CRIMINAL 2 Juvenile Justice System V. Criminal Justice System In the earliest of times, juvenile offenders were treated theRead MoreThe Juvenile Justice System Is The Primary System Used991 Words   |  4 Pages The Juvenile Justice System is the primary system used to handle youth who are convicted of criminal offenses. It is just over 100 years old. Over time it has gone through several changes and its unlikely to disappear anytime soon. We as Americans are still trying to find different ways to approach juvenile justice vs. approaching it as adult justice. Throughout most of history, young adults and or children did not have a separate status between juvenile and adults. 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How Technology Has Improved Our Lives - 1530 Words

Many years ago everyday life was much different, generally a day would consist of time consuming chores that left little free time to engage in things such as hobbies, interests or even just time to relax. People were almost limited to whatever their physical capacities were and would not travel far from their homes for work, or leisure. All this has changed dramatically as new technologies developed. The definition of Information technology in its broadest sense encompasses all aspects of computing technology. I.T â€Å"is concerned with issues related to advocating for users and meeting their needs within an organisational and societal context through selection, creation, application, integration and administration of computing technologies† (Lunt. Et al 2009). Although some still dispute that technology has improved our lives, or even argue the opposite. Today’s society offers a much more convenient and efficient day-to-day existence due to one wide-ranging factor. I nformation Technology has greatly improved our lives due to key factors such as globalisation, education and health. The interconnectedness of modern day living has allowed for many privileges and conveniences once thought impossible. The biggest of these is most certainly the increased nature of globalisation. This is a world-wide factor that has certainly benefited all participants in the world of I.T. From the most minute of instances, to the largest scale concerns of global affairs, I.T has undoubtedly beenShow MoreRelatedHow Technology Progression has Improved our Lives874 Words   |  4 PagesNowadays, Technology drives just about every area of our lives. Several ways technology is used currently are communication, business distribution, Medical field and everyday household equipment’s. As a result Technology progression has not only improved our convenience, but has increased the quality of life through enhanced medical equipment and drug treatment. Throughout the decades firms compete to deliver the needs of consumer demands and achieve high quality and performance. For the firm toR ead MoreTechnology Has Changed Our Lives1387 Words   |  6 Pagesbeen many advances in technology from the creation of the telephones, to flip phones, to smartphones and even the computer; technology has increased our ability to communicate more easily and sufficiently. Although technology has greatly impacted our lives in a positive manner, and has made a way of communication much more easier, it also has negative effects that today have made individuals more lazy by the day. Although we have the answer to almost any question right at our fingertips, the increasedRead MoreTechnology And Its Effects On Technology1411 Words   |  6 PagesTechnology and its Effects The term technology originated from the Greek word ‘technologia’. Technology refers to the use of machines and various tools that make our daily work lives simpler, easier and organized. The word also refers to the different tools, gadgets, and resources used by humans so as to help them control and adapt to their environment appropriately (Bridgman, 5}. Technology also refers to the knowledge of techniques and processes and is embedded mostly in machines used as factorsRead MoreWendy Chang Rapid evolution of modern600 Words   |  3 PagesRapid evolution of modern technology We are living in a time of exciting and rapid revolutionary changes in our daily life which changed the whole world. As the society progresses, technology is becoming more and more advanced. Most people would think that the use of internet changed our life totally. Looking back decades ago we never realized that how our life changed due to the technology. The development and improvement of technology has greatly improved our lives. It has led to a far better, easierRead MoreTechnology Has Improved Our Quality Of Life1241 Words   |  5 PagesTechnology has recently become a very controversial part of our lives. Some will say technology has been attributed to man’s survival as a species. Through such developments as advances in medicine have greatly increased life expectancy and quality of life. While others will argue that wile technology has improved our quality of life it also has the power to destroy us. Technology has improved our lives but it has also caused new problem s such as added stress, reliance, and a lack of interest inRead MoreHow Technology Has Changed Our Lives905 Words   |  4 Pagesworld we live in today is changing fast, due to the introduction and the advance of technology, it has improved modern life in many different ways. When you wake up what’s the first thing you do? You turn off the alarm off or hit snooze button on your phone. What’s next? The T.V., radio, or microwave, just think how many things throughout the day we use that involves using technology. We have based our lives around the use of technology. Yes, it’s good and has made our life’s easier, but it has alsoRead MoreEffects Of Technology On Society792 Words   |  4 Pages How Technology Affects Society Without technology, would the world people live in today be as successful? Bill Gates once stated, â€Å"’The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency.’ ‘The second is that automation is applied to an inefficient operation will magnify the inefficiency.’† Although some people feel that technology makes a negative impact on society, it does not. 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As humans progressed along their history they earned the distinction of â€Å"homo sapiens†. This title was conferred as the brain casing increased in size indicating the developmental process of human thought. Our ability for abstract th ought has given usRead MoreTechnology : The Impact Of Technology And Its Impact On The Future905 Words   |  4 Pagesan era of advanced technology, where every part of our daily lives is impacted by it. Recently we have found ourselves heavily dependent on the use technology and our needs and demands for more keep rising. The more advanced it becomes, the more it seems to have control over our lives. While it is impossible to explore how each new advanced technology has impacted our lives and how it will impact the future, it continues to affect our environment, people and society. Technology by its self is not

Evolution Of Human Resource Management - 1046 Words

NTEGRATIVE LEARNING ASSIGNMENT Integrative Learning Assignment Melissa Nicole Everette King University Evolution of Human Resource Management The evolution of Human Resource Management has transitioned from a very simple administrative function to a very multifaceted strategic function that still includes administrative, operational, and strategic tasks in the organization. In the beginning of Human Resource Management, the roles of Human Resource personnel was mainly just to hire employees, deal with compensation, benefits, legal issues, and the firing of employees. Today, Human Resources Management has progressed into an imperative involvement in the success of all attributes of an eminent business establishment.†¦show more content†¦Some strategic functions that Human Resource Management can use to benefit the overall company are investing in the employee from the time they are hired. Human Resources needs to play a significant part in the strategy of the business. This will benefit the company in the long run through happier employees that will stay w ith the company longer, succession plans for higher executives when they retire or leave the company, and when Human Resource Management recruits gifted people to help foresee the overall strategy of the business. Inside an organization, the board usually does not concentrate on seeking talented individuals, employee branding, turnover, and engagement until there is critical problems inside an organization, which in turn makes the Human Resource knowledge gap excessive. (Conger Lawler, 2015) General Electric was ahead of the times, as they were the first company to introduce corporate universities and General Electric spent part of their profits on training and furthering the education of their managers. (Groysberg et al., 2006) Investing in human capital can assist a company in competing and outlasting other companies. Significant Differences One difference in administrative and strategic functions is how the company perceives the Human Resource department. Some companies do not think of Human Resources as a major player in the overall health of a business entity. When a company gets the best

SERVICE LEARNING IN ENGLISH LANGUAGE TEACHING Free Essays

string(76) " they utilize what they were taught in existent life state of affairss\? 3\." Abstraction This research will analyze the evidences for implementing SL at University of Prishtina, by analysing the pupils ‘ attitude towards SL. It will concentrate in happening the most appropriate methods of how to implement SL in ESL and motivate instructors and pupils to be portion of it. The survey will be investigated through pupil ‘s questionnaire, teacher ‘s questionnaire, and concentrate group where pupils will be take parting. We will write a custom essay sample on SERVICE LEARNING IN ENGLISH LANGUAGE TEACHING or any similar topic only for you Order Now These methods will be used in order to analyze the pupils ‘ experience and sentiments on service acquisition in ESL, and teacher ‘s readiness and willingness to integrate Service Learning in their ESL instruction environment. The survey will reply the research inquiries and formalize the hypotheses. Analysis of consequences will be used in order to set up the evidences for implementing Service Learning into the bing course of study in ESL plans and giving the pupils an chance to use experience and cognition in existent life state of affairss. Introduction Service Learning isa new attack that merges the academic work with existent life state of affairss, this encourages the pupils to reflect on their ain experience in life and believe in a critical manner about it.Its chief constituents are reflection and experience. Service acquisition is built on squad work, it combines larning aims with service aims, Teachs duty to immature pupils and raises community demands awareness through instruction. The concluding end of Service Learning is run intoing class contents while prosecuting pupils in acquisition by making and reflecting upon their ain experience. The brooding action and the experience that is put frontward in this type of larning develops pupil ‘s intelligence and forms their manner of larning while taking to organize their single course of study. Harmonizing to Dewey: â€Å" Education should promote engagement within the community, develop accomplishments that will work out existent life jobs, and learn the pupils to go responsible citizens † ( Dewey, 1938 ) . This thought is implemented in US instruction system. In station communist states such as Kosovo community based undertakings were non portion of instruction. Education was led by an iron-fist methodological analysis that was implemented in national course of study, which glorified the communism as a perfect political orientation. There was no room for inventions or any sort of service other than Communist. However, this epoch came to an terminal and gave room to new epoch and political orientations that will convey productive methods and attacks in instruction. As a consequence of the stray policy that former Communist states experienced today the demand for Service Learning in the Balkans is bigger than of all time and the demand for its execution into national course of study is critical. The industrialisation, globalisation challenges and the new world in Kosovo require an advanced instruction, a manner that will put the focal point in existent life, in the community and the existent jobs, a manner based on acquisition by making. There is an inaugural about implementing Service Learning in the Balkans. Since this correlates with to day of the month democracy, and this being the primary focal point of the Balkan states the involvement grows every twenty-four hours. To exemplify the attempt for implementing SL in ESL I will advert some enterprises: Service Learning Conference, held in Bijela, Montenegro in June, 2006 under the subject: â€Å" Increasing Community Impact and Educational Outcomes in Higher Education † . This was a plan that was developed by the South – Eastern Europe Junior Faculty, and was supported by the American Councils. This was an enterprise for the Balkans and it continues to develop and spread out as a plan in the part. On schoolroom execution of SL it is valuable to advert the innovator of this method in FYROM, severally in the SEEU, Aida Koci. As a JFDP alumnus she modified her talks in order her pupils to understand the challenges that particular needs pupils face every twenty-four hours. This speaks loud that service Learning can be implemented in every class topic, in this peculiar one she used her â€Å" Needs Analysis † class to make and affect pupils in a meaningful seminar where they had the opportunity to personally hear the challenges of two handicapped pupils and the experts of that field. Ms Koci ‘s hope that the pupils will reflect on the experience and the cognition gained from this undertaking in their future employment as instructors marked this enterprise as a milepost in the huge see of SL chance. 1.1 Research Aims The general purpose of this research is to research instructor ‘s willingness to implement SL into ESL plan. At the same clip, the research will analyze the pupils ‘ positions on SL as a undertaking oriented plan. The probe of this research will be done through a questionnaire and a focal point group. 1.2 The major aims of this survey are: To place the possibilities of farther implementing SL at University of Prishtina. To analyse the pupils ‘ attitude towards SL. To urge the most appropriate methods of how to implement SL in the course of study and motivate instructors and pupils to be portion of it. Literature Review Service acquisition is dedicated to implement alterations within an educational system by perpetrating to it with serious motive that derives from agent ‘s involvement, emotions and spirit. These tools make Service larning a device that will take towards a alteration that will ensue with higher thought accomplishments in scholars, improved ability to reflect on experience, better apprehension of existent life jobs, battle in the community where scholar lives, and readying for life outside of the schoolroom. A young person geared with such accomplishments will without any uncertainties pave the route to a brighter problem-solving hereafter. A peculiar topic that requires a particular involvement in my part and besides broader is the ESL plan and the debut of Service Learning in this plan. The common inquiries that ESL instructors ask are the undermentioned: 1. Have my pupils learned what they were taught? 2. Can they utilize what they were taught in existent life state of affairss? 3. You read "SERVICE LEARNING IN ENGLISH LANGUAGE TEACHING" in category "Essay examples" Is at that place knowledge functioning them in category merely? 4. And eventually, can they be fluent in existent life state of affairss when utilizing English Language? Thankss to the work and theories of many research workers the first stairss are taken towards implementing positive alterations to current instruction and ESL. The pillar of this thought was installed by John Dewey, to whose work and accomplishments we must mention when talking about larning based on experience. In Experience and NatureDewey provinces that experiential acquisition has an impact on epistemology, ( quoted by Kolb 1984, p. 161 ) : â€Å" aˆÂ ¦the ways in which we believe and expect have a enormous consequence on what we believe and expect aˆÂ ¦ We discover that we believe many things non because the things are so but because we have become habituated ( to them ) through the weight of authorization, by imitation, prestigiousness, establishment, and unconscious consequence of linguistic communication † . These two impressions that Dewey emphasized: the connexion of the pupils with acquisition, and how pupils know what they know is in fact believed to ease 2nd linguistic communication acquisition at best because is self- goaded manner and non imposed by another party, authorization, or a instructor. Besides experience, contemplation is another important constituent of the learning rhythm. Harmonizing to David Kolb: â€Å" The scholar is straight in touch with the worlds being studiedaˆÂ ¦ ( He or she has a direct brush with the phenomenon being studied ) , instead simply believing about the brush or merely sing the possibility of making something with it † . This construct is non new, and it is a really of import 1 for ESL categories excessively. Language scholars need a context that they understand and which is meaningful excessively. Here is what Mary Ann Christison, in â€Å" Applications of Brain-Based Research for Second Language Teaching and Learning † ( 1999 ) , inferred about the meaningful context in Language Learning ( quoted by Minor 2001 ) : â€Å" Facts and accomplishments that are taught in isolation and non connected to something meaningful can non be remembered without considerable pattern and dry run†¦ Second linguistic communication schoolroom activities that are meaningful create an ideal acquisition chance for 2nd linguistic communication pupils to larn more information in a shorter clip, with less attempt † . In an ESL category pupils ‘ cognitive accomplishments and acquisition enhances merely when they are exposed to context that relates to significance. Harmonizing to Laura Latulippe ( 1999 ) pupils ‘ proficiency in linguistic communication is in direct correlativity with the sum of their exposure to meaningful context and they should be exposed to it wheresoever and whenever possible. Another benefit for the pupils of ESL is the development of humane values ( Minor 2001 ) , and the true image about the society and its value. On this Howard Berry and Linda Chisholm ( 1999 ) , believe that: â€Å" Foremost among the intents ( of higher instruction ) is that of giving immature grownups the accomplishments and comprehensiveness of cognition to believe profoundly about the constructions of their society and to allow values which must regulate their personal and professional lives ( p.12 ) † . Service larning in ESL may travel out of their schoolroom and utilize what they have learned, reflect upon that experience and what they learned when they are back in category in order to heighten acquisition, and it promotes humanist values. Harmonizing to Kendall: an effectual plan is the 1 that has the undermentioned elements: Engages people in responsible and ambitious actions for the common good ; Provides structured chances for people to reflect on their service experience ; Articulates clear service and learning ends for everyone involved ; Clarifies the duty of each individual and organisation involved ; Includes preparation, supervising, monitoring, support, acknowledgment and rating to run into service and learning ends ; Is committed to plan engagement by and with diverse population ( Kendall, 1990, p.40 ) . Previous Studies and Research A reappraisal of the old surveies that are conducted in the field of SL in linguistic communication acquisition will supply the evidences for important replies to the inquiries being investigated. SL is instead a immature field and as a consequence of this the pool of researches that are conducted in this filed is non every bit deep as is the topic ‘s demand. Previous surveies and researches are conducted in order to light and clear up the importance and the positive consequence of Service larning in ESL in order to set up the development of this plan. Many establishments since 2000 have implemented Service larning in their Curricula. Sacred Heart University, to advert one, has successfully integrated SL in their ESL categories. Their ESL pupils go into the community on hebdomadal footing and they visit and serve to a local soup kitchen, an simple school, a tutoring bureau, a retirement community, a Habitat for Humanity building undertaking, etc. The services they offer are assorted, get downing from fixing and functioning nutrient, helping instructors, tutoring, etc. In category they reflect to legion feelings, ideas, experiences and observations they ‘ve had. They besides research and read about the issues they have observed in field ( homelessness, intervention of the aged, childhood instruction ) ( Minor, 2001 ) . Another interesting service larning undertaking is Mullaney ‘s which grouped Latino pupils of ESL with Spanish pupils whose native linguistic communication was English. This gave both groups an chance to hold a colloquial spouse and enabled a bipartisan information exchange and experience. To heighten their lingual development they were integrated into the community college, this was done with the purpose to do them experience as portion of the community and besides to give them the chance to pattern English linguistic communication while discoursing with native talkers. The pupils did non hold this opportunity to interact with native talkers in mundane life. In this undertaking they performed a service that was identified demand into the community, developed their sense of caring for others, their civic duty, and it enhanced their linguistic communication larning experience ( Hellebrandt, 1999 ) . Dawson ‘s ( 2006 ) service -learning undertaking engaged the Sitka Tribe in Alaska. The pupils ‘ service in this undertaking was to interview the seniors of the Sitka Tribe in order to document their verbal history into written. The pupils besides assisted them in interpreting from their Indigenous into English. This divine native American pupils to larn more about their cultural heritage and imposts and history while heightening their academic accomplishment in History. A similar service acquisition undertaking is integrated in the course of study of the University of Prishtina, Department of English Language and Literature. Junior pupils group comprised of 12 pupils were engaged to finish 30 hours of interlingual rendition for a local intelligence bureau â€Å" Kosova Live † . They had to interpret the intelligence, edit, save the interlingual rendition, and header with deadlines. On completion of this undertaking the pupils had to convey a file of their interlingual renditions to their instructor, for the portfolio appraisal. The educational goalsin this undertaking were: Career readying ; Students will better their Albanian- English interlingual rendition skills.Standards mete the followers: Students will understand and construe written linguistic communication on a assortment of subjects ; Students present information, constructs, and thoughts to an audience of readers on a assortment of reliable subjects ; Students demonstrate apprehension of the nature of linguistic communication through comparings of the linguistic communication studied and their ain ; Students use the linguistic communication both within and beyond the school scene. The spouse in this undertaking Kosova Live Agency benefited from this coaction from the translated intelligence into Albanian and the service was provided for free. The professor proofread the interlingual rendition work of the pupils and identified the grammatical or vocabulary constructs in which pupils need to better. Then the instructor created lessons to assist them learn/practice those constructs. Besides, the pupils received points in category for finishing the interlingual renditions accurately in the signifier of a undertaking o r assignment. This was the appraisal of the pupil larning ends. Research Questions Q1: Why should we advance service-learning? Q2: Why is it of import that service-learning be incorporated in the traditional course of study? Q3: How can service-learning be incorporated in linguistic communication larning course of study? Research Hypothesiss H1. Service acquisition is a cutting border methodological analysis that helps non merely the community but pedagogues and scholars besides it can be adapted to any class that is taught in the school. H2. Service larning helps pupils understand better the content of the class because they learn by making which fits in with the ends of the Bologna procedure. H3. Service larning gives pupils an chance to utilize their cognition in a socially meaningful context which improves the relevancy and pertinence of their cognition. Research Design and Methodology Data Gathering Procedure This present survey will do usage of implementing processs to accomplish the intent of the survey: 4.1 Participants Participants in this research will be pupils of the English Language Department at SEEU in Tetovo, and Mechanical Engineering Faculty University of St. Cyril and Methodius in Skopje. The pupils will be chosen based on their experience and consequences, and besides based on their instructors ‘ mention. Methodology The research methodological analysis that will be used in this research is quantitative method that will be gathered through: pupils ‘ and instructors ‘ questionnaire and focal point group. The questionnaires will be distributed to the pupils at the SEEU and Mechanical Engineering Faculty. In both establishments Service Learning has been introduced since 2006, and the choice of the pupils will be done based on their 5 twelvemonth engagement in this plan. Teacher ‘s questionnaire will be used in order to measure instructors ‘ engagement in SL plans and their motive for SL undertakings. Focus group is a group activity for pupils ‘ development and the purpose of this method is to mensurate how they will run into the class content and the addition larning through SL undertakings. Finally, figures, charts, and tabular arraies will be included and analyzed in the research paper in order to hold a clear image of the survey. 4.3 Procedure A pupil ‘s questionnaire will be distributed in order to obtain informations related to pupil ‘s background and their perceptual experience of SL. Students will be given instructions and the research worker will explicate the intent of the questionnaire. Afterwards, a instructor ‘s questionnaire will be distributed in order to derive general information in relation to teacher ‘s attitude towards SL and the manner it is implemented in ESL schoolroom. Again, the intent of the survey will be explained in item. Finally, there will be a focal point group and the pupils will be given the chance to portion thoughts about SL undertakings that they will be assigned to, this will function as an appropriate tool of appraisal. The pupils will be exhaustively briefed firsthand about the plan, the undertaking that they will be assigned to and the expected results of it. Analysis of Datas Some instruments will be used in the probe portion of the research paper in order to roll up the information. It is expected the information analysis will ensue with the utility of SL plan execution as an advanced thought in instruction and its purpose to develop the pupils ‘ larning into something significant to them by offering custodies on instruction and acquisition by making exterior of the schoolroom. Quantitative method will be used in the research paper in order to exemplify the consequences obtained from both instructors and pupils. Interpretation of Consequences The research will expose the scholars ‘ perceptual experiences about SL undertakings and demo its importance in linguistic communication acquisition. Additionally, the survey will demo the instructors ‘ attitude towards SL plan and the manner they tend to implement it in the course of study. Another portion of the research paper will include the replies from pupils ‘ and instructors ‘ questionnaires and the focal point group consequences. Master Thesis Content: Table OF CONTENTSaˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦.. ACKNOWLEDGMENTSaˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦.. ABSTRACTaˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦ †¦ †¦ †¦ †¦ †¦ Chapter I: INTRODUCTIONaˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦.. Background of the StudyaˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦.. Significance of the StudyaˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦.. Purposes and Aims of the StudyaˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦ †¦ . Description of Thesis OrganizationaˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦ †¦ ConclusionaˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦ . Chapter II: LITERATURE REVIEWaˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ †¦ . aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦ aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦ Chapter III: PREVIOUSSTUDIES ON SERVICE LEARNINGaˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦.. 3.1 aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦..aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦ †¦ †¦ †¦ . 3.2.aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦ 3.3 aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦.aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦ Chapter IV: RESEARCH METHODOLOGY 4.1 Purpose of StudyaˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦.. 4.2 Research QuestionsaˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦.. 4.3 Research Hypothesis†¦ aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦ . 4.4 Research Design and MethodologyaˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦ . 4.4.1 ParticipantsaˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦ †¦ †¦ †¦ †¦ †¦ 4.4.2 InstrumentsaˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦ †¦ †¦ †¦ .. 4.4.3 ProceduresaˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦ †¦ . Chapter V: Analysis OF RESULTS AND DISCUSSIONSaˆÂ ¦aˆÂ ¦aˆÂ ¦.aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦.. 5.1 Students ‘ QuestionnaireaˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦.. 5.2 Teachers ‘ QuestionnaireaˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦.. 5.3 Focus GroupaˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦ †¦ †¦ †¦ †¦ 5.4 Comparison of ResultsaˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦ . Chapter VI: CONCLUSIONS AND RECOMMENDATIONSaˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦ Chapter VII: Restriction OF STUDYaˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦ †¦ †¦ †¦ .. REFERENCESaˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦.. APPENDICESaˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦ †¦ †¦ †¦ .. How to cite SERVICE LEARNING IN ENGLISH LANGUAGE TEACHING, Essay examples