Friday, November 6, 2015

Tech in Math/Econ #10

Bitcoin is another relatively new technology that has proven to be useful in the field of economics. Bitcoin allows transactions to be made with no middle-man which means no banks have to be used. The currency also allows for the user to not give their name and also not have to pay and fee. Bitcoins can be bought and sold much like stocks and their price fluctuates based on demand. The currency is very useful in the field of economics because they can be bought and sold more easily than other currencies.

Tech in Econ/Math #9

The Internet allows communication in two ways: static communication through Web pages, and dynamic communication through information being exchanged. Data posted to a Web page, such as product specifications, allow instant access to the same data from anywhere in the world, a static form of communication that frees up company resources which would otherwise be engaged in constantly repeating the same information. The internet allows for economics to be a much bigger field than it once was.

Tech in Math/Econ #8

Cloud computing takes networking to a whole new level. Documents and programs can be stored in “virtual” drives or computers, and can can be accessed by any authorized user through ordinary Internet connections. Cloud computing allows real-time communication and interaction exactly the way a network does, with access extended to global level. Cloud computing eliminates data lost through system crashes, avoids problems with network downtime as well as providing the ability for software upgrades to be performed network-wide by upgrading a single instance of an application. Google Docs is an example of cloud computing where multiple users can interact on document production in real-time.

Tech in Math/Econ #7

SkyTree is a high-performance machine learning and data analytics platform focused specifically on handling Big Data. Machine learning, in turn, is an essential part of Big Data, since the massive data volumes make manual exploration, or even conventional automated exploration methods unfeasible or too expensive.

Tech in Math/Econ #6

MapReduce is a software program used for analytics and big data. The program is created to processing and generator extremely large amounts of data. The program is extremely efficient at sorting and filter large amounts of data which makes it a very valuable technology in the field of analytics and economics. Other programs have been made similarly but MapReduce is one of the most prevalent.

Tech in Math/Econ #5

An In-Memory database is an extremely useful technology in the field of analytics and economics. The technology is a database management system that relies on main memory for computer data storage. The technology is much more efficient than other forms of storage like disk-data storage because the processes are simpler and much more efficient.

Tech in Math/Econ #4

SmartBoards are a relatively new technology that has proven to be very useful in many fields, one of which is the field of mathematics. A Smart Board is an interative whiteboard that incorporates a white board, projector, Smart Board software, and computer. With this the user can better interact with the classroom and help students understand math better.

Technology in Math/Econ #3

Software programs like Wolfram Alpha are extremely useful in the math field. Other programs similar to this are things like GeoGebra and GCalc which are both programs that help the user in solving complex problems. Whether it be solving geometry problems or calculus, these programs have the tools that allow complex math to be solved in a very efficient manner.

Technology in Economics/Math #2

The calculator is a very basic but extremely useful and necessary tool in the field of math. The use of a calculator can help with basic number crunching and can reduce wasted time drastically, with more advanced calculators, there are many programs that can help process more complex problem so the user doesn't have to waste the time doing so. 

Thursday, September 10, 2015

Technologies in the Field of Economics and Math

In the field of economics, stock trading is an important thing. There are countless software programs out there that give traders an edge in the stock market. Programs like E Trade aim at helping people maximize profits and minimize losses in the stock market. Some of the results of electronic trading through these programs are Reduced cost of transactions, Greater liquidity, Greater competition, Increased transparency, and tighter spreads.

Sunday, September 6, 2015

Fired over Facebook Reaction Post

1. What is your initial reaction to this story?
I wasn't that surprised by the story, you hear about these sort of firings all the time. A company wants to maintain a certain image and if a employee hurts that reputation they have grounds to fire that employee.
2. What reason did the employer provide for firing the woman?
The employer stated that the company did not want to get involved in controversial issues no matter if it was for or against the issue.
3. Was the woman's firing legal according the the expert interviewed?
Yes it was legal, although many people think they always have freedom of speech but with a job an employee has basically no freedom of speech.
4. What do you think is meant by the term Digital Footprint?
The term Digital Footprint is somewhat similar to the term Carbon Footprint, a Digital Footprint is when you leave a trace on the internet when you do something whether it be post a picture or post something to Facebook, Twitter, etc... Once you post something online, even if you delete it, you have already left your 'footprint' and it is very difficult to remove it from the internet.
5. Are the things you post on Facebook and Twitter really private, even if you set your privacy settings to maximum?
The thing you post to Facebook and Twitter are not necessarily private even if your settings for privacy are set to the max. No matter what, the companies that own the website you are posting to have complete ownership over your account and whatever you post so they can without a doubt see whatever you are posting even if you think it's private.
6. It is clear the woman in the video did not think the comments she made on Facebook would get her fired. If you were her friend and she told you what she was planning to post before she actually made the post, what would your advice have been to her? Why?
One common tool to use when thinking whether you should post something to Facebook is to think about if there is any potential that the audience to your post could interpret it as negative or inappropriate, another would be asking yourself whether or not you would be comfortable having a family member, or boss see this post. And if you fail either of these tests then you should not follow through with making the post.

1. What is your initial reaction to this story?
In this video a teacher makes a Facebook past thinking it would only be seen to a select group of friends but it ended up being shown to more people than she had anticipated. The post stated how her students were germ bags and their parents were arrogant and snobby. This is very surprising to see a teacher post because a lot of the time teachers are the ones who try to enforce digital safety.
2. What reason did the employer provide for firing the woman?
Many parents of students saw the post the teacher made and when the superintendent saw the post the teacher made, they asked her to resign. Obviously they had good reason to 'fire' her because of the negative things she said about her students and their parents and a school would not want a reputation for hiring these types of people.
3. Was the woman's firing legal according the the expert interviewed?
Yes the firing was legal. Companies have complete control over what they fire an employee for. Even if they don't like the attitude of an employee they can fire someone. In this case the firing was valid.