GGR221H1 Lecture : Geographies of Money

47 views3 pages

magentajackal229

11 Dec 2011

School

Department

Course

Professor

For unlimited access to Class Notes, a Class+ subscription is required.

Document Summary

Geographies of money: access to financial services in post-fordism. There are 2 dominant tendencies that dominate the location of higher end serives: (1) despite the internet and technological changes, satellites more oriented towards global cities and accumulation of clusters. Eg, new media; heavily concentrated in certain part of the us and canada. this leads towards a trend towards further centralization and (2) decentralization (back office workers in banks)! The post fordist mode of regulation and financial services. Transition towards a new regime of accumulation (flexible model of production which is much more complex as opposed to fordism). Meanwhile, there is a new mode of regulation. Before, states used to regulate markets but today opposite is the case and new model of regulation is coming into being due to crisis in keynesian welfare state during. 70s. this was due to rise of unemployment in north america and there was growing instability, including the currency.

Related Questions

Situations arise in engineering when we want to control the flow rate of a solution. This solution could be pumped into a holding tank, distillation column, heat exchanger, reactor, etc. This means that the flow rate becomes a function of time. When we turn on a pump, the flow rate is (for the most part) constant. The problem is that we may want the flow rate to be very fast at first, and then very slow towards the end of the process. This is especially true in certain chemical reactors where the concentration of reactants is always important. Control systems that could handle this type of situation are very expensive. Pumps (relatively speaking) are cheap. So, having a bank of pumps will usually solve the problem. The pumps are simply turned on or off to regulate the flow. Mathematically, this amounts to taking the volumetric flow rate function and finding a piecewise-linear approximation. Suppose that, because of the application we are running, we need a flow rate given by the function ,where t is in hours and v(t) is in 100 cubic feet per hour (e.g., v(0)=1 which means that at time t=0, we need a flow rate of 1*100=100 cubic feet per hour). Find a linear approximation and a piecewise-linear approximation using first two lines and then three lines. Think about what using more lines would do to the approximation. You will need to find suitable values of t to be able to find your approximation. As a further exercise, try to find values of t for your approximation that keeps the error (i.e., the difference between the approximation and the real function v(t) ) less than 0.1.Hint: to help with this, ask yourself this question: where would more lines be useful - where the function changes a lot or where the function changes a little?]

GGR221H1 Lecture : Geographies of Money

Document Summary

Get access

Related Documents

GGR221H1 Study Guide - Midterm Guide: Tacit Knowledge, Glass–Steagall Legislation, Capital Accumulation

GGR221H1 Lecture Notes - Lecture 5: Stagflation, Ministry Of International Trade And Industry, Canadian Dollar

GGR221H1 Lecture Notes - Lecture 5: Nonunion, Ministry Of International Trade And Industry, Reflexive Modernization

Related Questions