Collaboration and Peer Reviews Essay Example | Topics and Well Written Essays - 500 words - 1

Collaboration and Peer Reviews - Essay Example Also, a project can be completed much faster when collaborating because each team member can focus just on what they are good at. Working as an individual requires someone to be involved in every role; group work means that each person can specialize. On the other hand, collaboration on a project means that some people may slack off because they think that others will do the work for them. Some people are just naturally lazy, so being part of a group allows them to receive a grade that they don’t deserve. Another disadvantage to working as a group is that there can be disagreements among group members. A famous saying that shows this is â€Å"too many cooks spoil the broth.† The same can sometimes be true in collaborating on a project—everyone thinks that they know what is best for the group and they try to impose their views on others. No one is willing to compromise and, as a result, the project turns out to be a disaster. By reviewing my peers’ writing, I have been able to get different views on how to write a paper. Everyone has a different style when it comes to writing, so to learn from someone else’s style can benefit my own writing. Of course, some of my peers’ writing may not be up to scratch; this is where I can offer advice and hopefully improve their writing ability. In doing this, I can think through the thought processes that go into writing and I can adapt my style so that I am a better writer in the long term. The good thing about getting my papers reviewed by my peers is that hopefully they will pick up on something that I may have missed. Because they have attended most of the classes with me, they have been taught the same writing principles that I have. Sometimes, another person can catch something that I haven’t because they are reading it with fresh eyes. A negative to having my peers review my papers is that they perhaps do not have a

Macro Econ Assignment Example | Topics and Well Written Essays - 500 words

Macro Econ - Assignment Example Therefore, scarcity will limit individuals on the basis of limited income, manpower and natural resources, and this puts a limit to the amount of products people have at their disposal. An economy’s income must be equal to its spending so as to ensure that there is a favorable balance of payments in the economy. For every buyer of a product there must be a seller, and this means that GDP, which is utilized in measuring the levels of expenditure and incomes must be equal. If the expenditures are more than the incomes, there is unfavorable balance of payments, and this implies that the economy is falling apart. The GDP deflator is used to measure the tracks of all new products that are produced domestically and represents the total worth of products produced in an economy in a specific period. The GDP deflator will measure the ratio of current price GDP to the real GDP and will show how much the change in GDP from the specific year relies on the changes in prices of products. The consumer price index (CPI) is used to study the total output of the economy, and it is a cost of living indicator and measures the total cost of products purchased by consumers I a country. It helps in determining the purchasing power currency has and compares this to past years to see determine the status of the economy. Higher savings lead to higher standards of living because savings are the chief source of capital, which is to some extent the backbone of an economy. Savings will refer to accumulated funds, and this implies that an entrepreneur can use these funds to make an investment in the future. For example, when starting up a new venture, an entrepreneur will either use their savings or borrow from various institutions so as to fund the start up. If people could consume everything and not save, it implies that there will be no funds to be used in future in the event that an investment opportunity comes up. Moreover, when an

How Stock Prices React to Information

How Stock Prices React to Information INTRODUCTION Case studies, introduced back in 1969, produced useful evidence on how stock prices react to information. Many studies focus on returns in the short window (several days) about clean of the event. The advantage of this approach is that, because expected daily returns are close to zero, the model for the expected return does not have a major impact on the findings of abnormal returns. The assumption in studies that focus on short return windows is that there were delays in price response event is short-lived. There is a developing literature that challenges this assumption, arguing instead that stock prices adjust slowly to information, so that one must examine returns over long horizons to show full-size market inefficiency. If someone said to accept its conclusions, many of the recent studies on long-term returns suggest market inefficiency, namely, long-term under reaction or overreaction to information. It is time, however, to ask whether this literature, viewed as a whole, suggests that the efficiency should be rejected. The answer should be a solid, no, for two reasons. First, the efficient market generates categories of events that individually suggest that prices are over-react to information. But in an efficient market, it is obvious: Under-reaction will be around as often as over-reaction. If the anomaly is divided between the accident under-reaction and overreaction, they are consistent with market efficiency. We will see that even clear about the division between overreaction and underreaction is a good description of the menu of existing anomalies. Second, and more importantly, if the long-term return anomalies are so large that it cannot be attributed to the case, then even split between over-and under-reaction is a Pyrrhic victory for market efficiency. We will find, however, that the long-term return anomalies are sensitive to the methodology. They tend to become marginal or disappear when exposed to different models for expected (normal) returns or when different statistical approaches are used to measure them. Thus, even viewed one by one, most long-term return anomalies can reasonably be attributed to chance. The problem in the development of the overall perspective of long-term return studies is that they rarely test specific alternative to market efficiency. Instead, the alternative hypothesis is unclear, the market inefficiency. This is unacceptable. Like all models, market efficiency (the hypothesis that prices fully reflect the available information) is a wrong description of the pricing. Following the standard scientific rule, however, market efficiency could be replaced by a better specific model of price formation, itself potentially rejectable by empirical tests. Each alternative model has a difficult task. Please specify the errors in information processing, which have the same investors under-react to certain types of events and over-reaction to others. The alternative must also clarify the observed results better than the simple story of market efficiency, ie the expected value of abnormal returns is zero, but chance generates deviations from zero (anomalies) in both directions. From the literature, the irregularity was not settled on a concrete alternative to market efficiency, to get the ball rolling I assume that reasonable alternatives must choose between over-reaction or response. Using this perspective, we review existing studies, without questioning their applications. Each mechanism of organized marketing assets or financial liabilities is determined on the financial market. It is a market in which financial assets and liabilities are traded (Richard and Bill, 2006). Financial assets in this area includes all forms of securities, ranging from ordinary derivatives. Performance, it is widely used can be seen as the ability to achieve the desired result of the action or not waste energy (Encarta Dictionary, 2009). In other words, it has to do with how resources are used efficiently, the extent to which something is good. Financial market efficiency can be said to include as financial assets and liabilities are exchanged efficiently and productively the funds invested in financial market instruments. However, the exchange of securities in respect of funds can not be made only at the price willingly accepted by both parties, while the price is determined mainly by the value and scope of information available on the market for investors. This document d iscusses the performance of financial markets, however, explore the theories and assumptions, and explaining in detail all the terminology (majorly prices and information) relating to the efficiency of the financial market. LITERATURE REVIEW There have been extensive results on the effectiveness of the financial market. This led to the development of various theories, such as determination of the value of securities, the impact of information on share prices, dividend policy, to name a few. DEFINITION OF FINANCIAL MARKET Financial markets, as per Olowe, 1997, are mechanisms in which the surplus and deficit units can be connected economy by buying and selling financial claims. Furthermore, he argues that the primary function of financial markets is to allow the funds effectively allocated from the surplus units in the economy, the deficit units for productive investments. Richard and Bill, 2006, view of the financial market, like any market mechanism for financial assets and securities. They further explain that there is often no physical market transactions are conducted via telephone or computer. Is any market in which financial assets and liabilities are traded and the mechanism through which corporate financial managers have access to various funding sources and instruments. Capital markets, however, operate in two ways: Primary market providing new capital for enterprises and other activities, usually in the form of issuing shares to new or existing shareholders or loans. It provides the focal points for lenders and borrowers to meet. First of all, new sources of funding is raised in this market. Secondary market trade existing securities, thereby allowing investors to supply the existing holdings at will. Active in the secondary market is a prerequisite for efficient primary market and, as no investor will want to stick with investments that cannot be implemented if desired. Institute of Chartered Accountants of London describes the financial market, with the means provided by the financial system for the creations, care and distribution of financial assets and liabilities. The market according to the institute, has two major segments, money and capital markets. Money market offers the opportunity to raise short-term investments and funds. Tenor, which from day to day varies from about a year or two years. Exchange financial instruments on the market include treasury bills, bills, treasury certificates, securities, etc., the capital market on the other hand are the mechanisms, institutions and structures in which the medium and long term funds are collected and made available for businesses, government and individuals . Capital markets is that the instruments which are already provided are outstanding. OVERREACTION AND UNDERREACTION One of the first papers on long-term return anomalies wrote by DeBondt and Thaler (1985). We find that when stocks are ranked on three to five years past returns, past winners are usually the future losers, and vice versa. Attributed to these long-term return reversals to investor overreaction. In forming expectations, investors give too much weight to past performance of companies and too little to performance instead of the mean return. DeBondt and Thaler seem to argue that the overreaction to past information about the general assessment of behavioral decision theory of Kahneman and Tversky (1982). So could be that the overreaction to the prediction of behavioural finance alternative to market efficiency. In most cases, however, the anomalies literature has not accepted the discipline of an alternative hypothesis. An exception is Lakonishok et al. (1994). They argue that the indicators of stock prices proxy for past performance. Companies in the high proportion of earnings in the financial market instruments. These are securities or financial instruments traded on financial markets and the already mentioned, the two major segments of financial markets money and capital markets, the instruments traded in the money market are as follows: Treasury securities those short-term obligations of the federal government to the holder a specified sum of money after a certain number of days in question. Treasury securities are of two types depending on the denomination and maturities. While Treasury yields are generally low fixed and matures about 91 days of issue of certificate treasury share similar features with it, but a longer duration and higher fixed rate. Certificate of deposit (CDS) these are the revenues of banks deposit liabilities of a specified interest rate for a specified period of time. CDS is an interbank asset and serve as a means of channeling cash surplus of commercial banks, commercial banks, who are the main issuers of these types of devices. When the bank promises to pay the principal and interest at maturity, usually 3-36 months, with the name of the negotiable certificate of deposits. However, if the CD features of the deposit receipt, and are generally held to maturity, while, they are called non-negotiable certificates of deposits. Non-negotiable certificates of deposits is also maturity of up to 3-36 months. Commercial paper this is an unsecured short-term bills issued by the company to interested investors for a cash discount for a specific term. Investors in commercial paper loans are usually worth individuals or institutional investors. This is usually for a duration ranging from 30-270 days. Commercial paper dealer, however, classified documents and the documents placed directly. Securities dealer commercial paper investors placed through the dealer, which can be placed directly under a bank notes, commercial papers directly to the investors of the company issuing the documents, which require the issuer to maintain dress trained personnel who have a good knowledge of financial markets and good relationships in the markets. In all cases, the commercial paper investment of the investors, who borrow in the credit market without security, or even negative pledge. Commercial paper traded only on the primary market. Bankers Acceptances also known as the draft bill adopted by the drawee bank determines that a certain amount to be paid after a certain period of time. Adopted by writing the word your means the whole face of the draft with authorized signature. If this is done, the invoice, you should be the beneficiary of a discount rate. This financing through international trade credits. It is also intended to finance trade in goods in bonded warehouses, and in particular the credit created by the bankers acceptance self-liquid short-term loans. The maturity range of 90-180 days, or sometimes 30 to 270 days. Bank deposits this place is the base of the investors / depositors of the bank agreed rate of interest. Bank deposits are divided into call deposits / savings account deposits and fixed deposits. Call made deposits with agreed maturity date, and should be terminated by both parties at any given notice to the other party to an agreement based on the period of notice, the deposit liabilities of deposit and the bank for a specified period a specified rate of interest, which can be fixed or variable. The maturity of deposits vary from a few days a number of years. The deposit must be certified or non-receipt or certificate of deposit. Derivatives they are using, or losing or speculation from hedge against movements in currencies and interest rates. These financial instruments whose value are derived from underlying securities, which allows an investor to gain exposure to the performance of the underlying securities without having to physically. If a profit, there may be a hidden risk in derivative markets. Financial experts term financial weapons of mass destruction, and describes as hell, which is easy, and almost impossible to quit. Examples of derivatives, forward contracts and contract options for the future. CAPITAL MARKET INSTRUMENTS Debt Securities long-term loans are raised by a company or the government, which interest is payable, and a fixed rate. The nominal value of debt instruments, the debt of the issuer of the instrument and the interest is paid at the nominal rate of interest on this amount. In most cases, debt can be exchanged. Preference Shares this is a major source of long-term financing for the company. The holders of traditional shareholders instead of dividends. Preference shares, if they are collectively entitled to the unpaid dividend for the previous periods, carried over from one period to another, until finally paid off, in which case the arrears must be paid before common stock dividends paid. As well as debt securities, preferred shares convertible. Ordinary Shares the holders of these shares owned by the company. These nominal values and the memorandum and articles of association of the companys authorized common shares of the company may issue. The ordinary shareholders of the companys remaining claims, ie, they paid dividends in other fixed obligations have been met. Convertible Securities shares of both of these hybrid securities, the functions of the fixed-income securities and equity. These securities (usually fixed-rate), which is convertible into ordinary shares in the companys choice of the right in the future. Having explained the concept of the financial market, and it is composed, it is necessary to examine whether effective or not. Before this can be done, efficiency, whereas a different connotation in different environments should be clarified in the light of the financial market. EFFICIENCY This word efficiency is all part of the vocabulary of everyone. For most, this means that it can achieve the desired result, without or with minimal wasted energy or effort. The Encarta dictionary, 2009, is the ability to do something well or achieve the desired results will not be wasted energy and effort, that is, to what extent something is done well, or not wasted energy and effort. Overall, this is a situation where growing prosperity of the amount of productive resources and the current state of technical knowledge economy, eliminating wasted effort, and allows for additional output from the available resources to achieve this desired result, avoiding wastage and prevent losses to avoid harm. (David N.H, 2005). However, in order that the various professions that means different things, the economists are talking about allocation of efficiency the extent to which resources are allocated to the most productive use of this society with the greatest need. The engineers talk about the technical efficiency the extent to which a mechanism performs the maximum capacity. Sociologists and political scientists talk about the social efficiency the extent to which complies with the accepted mechanism for social and political values. (Richard and Bill, 2006). 6.1 Financial Market Efficiency The investment guru or financial expert, a slightly better efficiency, this also applies to the pricing and information on the effectiveness, efficiency, instead of sources of financial market instruments. It is necessary to do a quick and convenient tool to convert currency and vice versa, that the price of the securities is determined and how to manage the risks associated with the securities. This, however, with the roles of the financial market is expected to perform in the economy, according to which the Olowe, 2007, divided into three (3); Allocational efficiency the role of financial markets to optimally allocate scarce savings in productive investments in such a way that benefits everyone. The operating efficiency the server as an intermediary, who provide the funds from savers to investors at the least cost, which offered them a fair return for their services. Pricing efficiency the role of the dominant values at which securities will be replaced if the market price of capital allocation signals. The prices of the forces of supply and demand. Fama, 1976 (the Olowe, 1997) considers the effectiveness of pricing efficiency in the processing of information. Based on what said before, we can conclude that the pricing information of the two major determinants of efficient financial markets. Thus, financial market efficiency can be defined as the market in which security prices quickly and fully reflects all available information. The market in which any device that outperforms the market to be unusable. Therefore, the efficient financial markets, the same yield for a given level of risk should be implemented for all investors. Price (E / P), cash flow to price (C / P), and the book-to-market equity (BE / ME) is generally poor past earnings growth, and firms with low E / P, C / P, and BE / ME are generally strong earnings growth in the past. Since the market is over-react to the recent growth, it is surprised when earnings growth mean returns. As a result, a high E / P, C / P, and BE / ME stocks (poor past performers) have high future returns, and low E / P, C / P, and BE / ME stocks (strong past performers) at low future returns. We also considered the poor long-term post-event returns in the stock market (IPO), and experienced their own offerings (SEO) is the overreaction camp. SEO is a strong stock returns in the three years prior to the issue. It seems safe to assume that these strong returns reflect strong earnings. It seems safe to assume that the IPO will have a strong past earnings to appear in public. If the market does not mean that the income growth increasingly means returns, stock prices at the time of the equity issue (IPO or SEO) is too high. If the market only gradually recognizes the mistake, the overreaction to past earnings adjusted for slow growth in the future. Finally, some argue that the long-term negative abnormal stock returns post-list of companies that the new list of the NYSE and Amex because of the overreaction. Companies list their stocks to take advantage of market overreaction to the recent strong performance. As it turns out, overreaction was the result of tests of long-term returns, market efficiency would be dead, replaced by the alternative behavioural DeBondt and Thaler. The fact that it was obvious during the reaction around frequently. My grandfather was in the bottom of the reaction to the events of the evidence that stock prices seem to respond to income of about one year after announced. Another impetus to the effect that the high returns of stocks over the past year, yields are typically high, as the next three to six months. Alternatively, if new tests also produce the long-term post-event abnormal returns, which suggest underreaction, indicating a positive post-event abnormal returns of divesting firms and the companies that will sell. Attributed to the result of market underreaction to the enhanced probability that after the spinoff, both the parent and the spinoff is likely to become merger targets, and the recipient of aid. Desai and Jain and Ikenberry et al. Determine that the companies shared experience in human resources, long-term positive abnormal returns before and after the split. Attributed to the post-split returns to the market underreaction to the information indicates a positive split. Lakonishok and Vermaelen find positive long-term post-event abnormal returns when companies apply for stock. Ikenberry et al. observed similar results in the open market share repurchases. The story in both cases is that while the market, responding to a positive sign for the future performance of the share repurchases. Finally, Michaely et al. finds that the basis of stock prices, appears to respond to negative information in dividend omissions, information and positive initiatives. A few of the long-term return anomalies it is not easy to classify. For example, Asquith and Agrawal et al. indicate negative long-term abnormal returns to acquiring firms following mergers. This is also attributable to underreaction of market to a bad investment decision, or overreaction to the typically strong pre-merger performance of acquiring firms, documented, and Mitchell Staford. Ikenberry and Lakonishok find a negative post-event abnormal returns of firms involved in proxy contests. A story, based on the stock exchange, responds to the poor performance of these businesses prior to the proxy of competition, but another is that the price is too responds to the proxy information that something is likely to change. Because of the ambiguities in classifying certain disorders, and given the fact that the above review is certainly not complete, I will not do a number against the overreaction underreaction studies. What is important is that the literature does not lean toward the clean up of behavioral alternative to market efficiency. This will not be lost in the behavioral finance researchers who acknowledge the issue: We hope that future research will help to understand why the market seems to overreact in certain circumstances and underreact in others. (Michaely et al.). The market efficiency hypothesis is a simple answer to this question is a chance. Specifically, the expected value of zero abnormal returns, but chance generates apparent anomalies that split randomly between underreaction and overreaction. The weight of evidence of long-term return anomalies are so overwhelming that market efficiency is not viable even in the absence of an alternative working model that explains both under-and overreaction? The answer to that question is no, for two reasons: First, it is doubtful that the literature is presented in a randomly selected sample of events. Splashy results get more attention, and it encourages you to find. That the dredging of the irregularities of a rewarding profession suggested by the fact that the anomalies literature shows so little sensitivity to the other hypothesis problem. The same authors, visual events are often satisfied with the overreaction or underreaction, and are prepared to conclude that both justify the rejection of market efficiency. Second, some disorders may be evident by means of a reasonable price. Fama and French find that the long-term return reversals and the DeBondt Thaler, and conversely, to return to the Lakonishok et al. captured by a multifactor asset pricing model. In a nutshell, covariation between the returns of long-term losers seems related to the risk premium, which explains why higher future average returns than long-term winners. Fama and French discuss the fights and the multifactorial model, but the results are sufficient to illustrate an important point: Conclusions on market efficiency can be sensitive to the assumed model of expected returns. Last, but most importantly, have more or less split between overreaction and underreaction is not much support for market efficiency in the long-term return anomalies are so great they can not be attributed to chance. But it will still be viewed individually, most of the anomalies are weak. They usually disappear when reasonable alternative approaches to measure them. 6.2 Pricing of Securities Pricing is a major determinant of financial market efficiency security is discussed in relation to pricing of risk and return. Risk, which is created by many factors, such as general economic conditions, economic factors specific to security, competition, technological development, investor preferences, and all other kinds of circumstances, as defined in Van Horne, 1986, the various possible return on investment. Olowe, in 1997, also sees risk to the likelihood of a deviation from the expected return from holding a security back to the actual holding of such securities. The introduction of the risk, the investor may be indifferent as to which to invest in safety, if there is available for investment, similar yields. A conceptual framework for examining the relationship between risk and return, as they affect the pricing of security, discussed the Capital Asset Pricing Model (CAPM) and the discretionary pricing model (APM). 6.3 Capital Asset Pricing Model (CAPM) This model was developed by Sharpe (1964), Linter (1965) and Mossin (1966). It shows the expected return on the relationship between security and the inevitable risks. Provides a framework for the evaluation of the securities and can be used to find the unit cost of equity capital. CAPM, however, was the following assumptions: A time CAPM model assumes that investors are risk averse. The rice adopters and investors in the securities in the uniform requirement. There is a risk-free security, so that investors may borrow or loan an unlimited amount of risk premium rates. The securities are sold, and perfectly divisible. Even more so, to the quantities. The information is freely available to all investors. Investment restrictions cannot be neglected and no investor is large enough to affect the market price of the stock. The above assumptions are briefly assumes that there is a perfect market, and that the financial market is efficient. Thus, as the assumptions, all asset prices fall, that the security market line, while the security market line equation: E(R1) = RF + [E(RM) RF]ÃŽ ²1 Where ÃŽ ²1 = COV(R1RM) ÏÆ'2m E(R1) = expected return on security RF = risk – free rate E(RM) = expected rate on market portfolio ÃŽ ²1 = beta of security i COV(R1RM)= covariance of return on security i with the returns on a market portfolio. ÏÆ'2m = variance of returns on the market portfolio Example; if the expected return on security is 24% and its beta is 1.8. show whether the security is under or overvalued if the risk – free rate is 13% and return on market portfolio is 18%. Solution; E(R1) = RF + [E(RM) RF]ÃŽ ²1 = 0.13 + [0.18 – 0.13]1.8 0.22 i.e. 22%. We conclude that it is undervalued as the expected return is 2% less than the predicted. i.e. 24% > 22%. 6.4 Characteristics of CAPM The fact that not all risk-return safety concern that risk averse investors, asset should be priced to the risk-adjusted return is exactly the security market line. So the only risk is that investors pay a premium to avoid the risk of market share so that the total risk of each security in a systematic and systemic risk. A general and systematic risk affects the entire market, and irregular and the characteristic factors unique to a particular person. Effective diversification, however, reduces the overall risk of the portfolio to the point where only the regular risk remains. Measured by the weighted average portfolio beta of the beta of individual securities in the portfolio. Proportion of portfolio funds allocated to represent the weights of individual securities in the portfolio, and it represents mathematically: n ÃŽ ²P = ∑ wi ÃŽ ²i i=1 where ÃŽ ²p = beta of portfolio p ÃŽ ²i = beta of security Wi = proportion of security in portfolio p Conclusion: CAPM has been derived under some simplifying assumptions, most of which do not correspond to reality. For this reason, it has been criticized on the grounds that it assumes the market portfolio of all assets stocks, bonds, property and human capital. The real-life situations, empirical tests of the CAPM tend to use proxies, such as stock market indices as the market portfolio. 6.5 The Arbitrage Pricing Model It has proposed by Rose (1976), because the dissatisfaction of the CAPM on the theoretical and empirical grounds. This is a multi-factor model (multiple-beta model), compared to the CAPM, a single factor model. The safety factor for the actual return for a state grant: n Ri = E(Ri) + ∑ bijFj + ej J=1 This can be restated as Ri = E(Ri) + bi1F1+bi2F2 + †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. + binFn + ei Ri = actual return on security E(Ri) = expected return on security i Fj = the (uncertain) value of factor j bij = sensitivity to factor j ei = the error term. It is also the security-specific return. Similar to the CAPM, we diversify the unsystematic risk, but in addition, we arrive at the market equilibrium, as individuals eliminate arbitrage profits across multiple factors. The model does not explicitly indicate what factors or economic factors or behavioral significance. However, the market return as in the case of CAPM can be one factor. The APM, therefore, suggests that the linear relationship between security returns and a few factors. The steady-state under this model, the expected return on security i E (Ri) issued by: E(Ri) = Rf +Ɔº1 bi1 + Ɔº2 bi2 + †¦Ã¢â‚¬ ¦..+ Ɔºn bn Where Rf = risk – free rate Ɔºn = risk premium for the types of risk associated with particular factors. Its equation can be rewritten as: Ɔºn = En – Rf where En is the expected return of a portfolio which has unit response to other factors. Example: The return of stock company is related to two factors as follows. E(Ri) = Rf +0.7Ɔº1 + 1.6 Ɔº2 + 1.3 Ɔº3 Where 0.7,1.6 and 1.3 are sensitivity coefficients associated with each factor. If the risk – free rate is 12%, Ɔº1 is 7%, Ɔº2 is 4% and Ɔº3 is 6%. Calculate the expected return on the company’s stock. Solution: E(Ri) = 0.12 + 0.7(0.07) + 1.6(0.04)+1.3(0.06) = 0.311 i.e. 31.1% In summary, it seems more than the CAPM, the APM allows the CAPM risk averse investors to focus more attention to the systematic risk of securities pricing and diversify the systematic risk. According to APM on the other hand, individuals across a number of factors arbitrage, arbitrage opportunities disappear when the market is in balance. However, there is consensus on these factors, the APM, and testable. Thus, CAPM can still be used in security prices. INFORMATION ON SECURITIES Information can be classified as historic, current, or expected. Only the current or previous information from some of its effect on prices. The more information is available, the better the situation means that an informed decision is more likely correct. Security prices are characterized by a random and unpredictable movements. The movement in security prices may be interpreted to mean that investors in the market, a quick note to all security-related information on prices and prices adjust quickly to such information. Thus, the effectiveness of the security prices depend on the speed of price adjustment to all available information. The more efficient than the speed of adjustment of prices. The market efficiency of the available information, however, the efficient market hypothesis reflects (EMW), the three basic forms: Weak form Semi a strong form; Strong form. 1) The weak form EMH states that current stock prices fully reflect all of the information included in the recent price movements, which makes it impossible for investors to predict future security prices and the analysis of historical prices, achieved better results than the stock market as well. Therefore, the market may be effective in this form, there is no significant correlation term average prices of securities. Even more so, if an investors trading strategy can not beat the market based on information available to him, we conclude that the market is weak form efficient. Olowe 1997, places that most

The History of Math Essay -- Mathematics Education Logic Numbers Essay

The History of Math Mathematics, study of relationships among quantities, magnitudes, and properties and of logical operations by which unknown quantities, magnitudes, and properties may be deduced. In the past, mathematics was regarded as the science of quantity, whether of magnitudes, as in geometry, or of numbers, as in arithmetic, or of the generalization of these two fields, as in algebra. Toward the middle of the 19th century, however, mathematics came to be regarded increasingly as the science of relations, or as the science that draws necessary conclusions. This latter view encompasses mathematical or symbolic logic, the science of using symbols to provide an exact theory of logical deduction and inference based on definitions, axioms, postulates, and rules for combining and transforming primitive elements into more complex relations and theorems. This brief survey of the history of mathematics traces the evolution of mathematical ideas and concepts, beginning in prehistory. Indeed, mathematics is nearly as old as humanity itself; evidence of a sense of geometry and interest in geometric pattern has been found in the designs of prehistoric pottery and textiles and in cave paintings. Primitive counting systems were almost certainly based on using the fingers of one or both hands, as evidenced by the predominance of the numbers 5 and 10 as the bases for most number systems today. Ancient Mathematics The earliest records of advanced, organized mathematics date back to the ancient Mesopotamian country of Babylonia and to Egypt of the 3rd millennium BC. There mathematics was dominated by arithmetic, with an emphasis on measurement and calculation in geometry and with no trace of later mathematical concepts such as axioms or proofs. The earliest Egyptian texts, composed about 1800 BC, reveal a decimal numeration system with separate symbols for the successive powers of 10 (1, 10, 100, and so forth), just as in the system used by the Romans. Numbers were represented by writing do wn the symbol for 1, 10, 100, and so on as many times as the unit was in a given number. For example, the symbol for 1 was written five times to represent the number 5, the symbol for 10 was written six times to represent the number 60, and the symbol for 100 was written three times to represent the number 300. Together, these symbols represented the number 365. Addition was d... ...eat impetus to areas of mathematics such as numerical analysis and finite mathematics. It has suggested new areas for mathematical investigation, such as the study of algorithms. It has also become a powerful tool in areas as diverse as number theory, differential equations, and abstract algebra. In addition, the computer has made possible the solution of several long-standing problems in mathematics, such as the four-color problem first proposed in the mid-19th century. The theorem stated that four colors are sufficient to color any map, given that any two countries with a contiguous boundary require different colors. The theorem was finally proved in 1976 by means of a large-scale computer at the University of Illinois. Mathematical knowledge in the modern world is advancing at a faster rate than ever before. Theories that were once separate have been incorporated into theories that are both more comprehensive and more abstract. Although many important problems have been solved , other hardy perennials, such as the Riemann hypothesis, remain, and new and equally challenging problems arise. Even the most abstract mathematics seems to be finding applications. Word Count: 4793

Man’s Flaw in War of the Worlds and Present Day Earth Essay

An interesting quote taken from Kepler starts out the book War of the Worlds by H. G. Wells: But who shall dwell in these worlds if they be inhabited?†¦ Are we or they the Lords of the World?†¦ And how are all things made for man? (Kepler, the Anatomy of Melancholy). This quote serves as a foreshadowing to what Wells considers to be man’s fundamental flaw, a flaw that still exists today on modern man, more than a century after War of the Worlds’s first publication and centuries more after Kepler’s time. According to Wells’s introduction, man’s first fundamental flaw is complacency â€Å"With infinite complacency men went to and fro over this glove about their little affairs, serene in their assurance of their empire over matter† (Chapter 1, p. 3). In War of the Worlds, man thought that they are the only inhabitants of the universe and remain complacent over the dangers that might be coming from places other than what they can comprehend. Little did they know that they are being watched by creatures from space just like how a scientist examines a microscopic organism under a microscope. Unfortunately today, man still suffers from this complacency. We have abused nature for the longest time thinking that its resources and its tolerance to our actions are boundless. Now, we are facing the ill effects of our wrong doings, our resources are dwindling, and our climate is rapidly changing. Vanity is the next flaw that Wells talk about in his introduction of the book. â€Å"Yet so vain is man, and so blinded by his vanity, that no writer, up to the very end of the nineteenth century expressed any idea that life might have developed there far† (Chapter 1, p. 4). Man became too preoccupied with his achievements that he hadn’t put it into thought that Mars is older than Earth and therefore could be more advanced than humans if indeed there is life on the red planet. Vanity is one of the oldest flaws of man, the Greeks shows this flaw perfectly through the myth of Narcissus, a mythological character whose name means self-admirer. Vanity is still among man’s flaw today, some people are so vain that they are willing to spend ridiculous amounts of money on cosmetics. They could have just used the money on other necessary things or better yet, to help the needy. Last is man’s flaw for being judgmental. â€Å"And before we judge them too harshly we must remember what ruthless and utter destruction our own species has wrought† (Chapter 1, p. 6). Wells questions that the Martians’s intent to take over the earth isn’t any different than what the humans has done over animals and even our own species. The same could still be applied today. Man by virtue, does not have the right to complain if indeed Martians invade the earth and do all those things that we do to our animals. In the book, Martians are just doing what they can do to survive, but man (in the real world) harms creatures even if it is not necessary for survival. All these flaws can be summed up to pride. In ancient Greek literature pride or hubris as they call it, is the fundamental flaw of man that causes his demise. Kepler and Wells advocate the same thing in their works

Thesis1

READING MATERIALS IN DEVELOPING VOCABULARY SKILLS OF FIRST YEAR EDUCATION STUDENTS AT PAMANTASAN NG CABUAYO CABUYAO, LAGUNA: AN ASSESSMENT S. Y. 2011-2012 A Thesis Presented to the Faculty of Pamantasan ng Cabuyao Cabuyao, Laguna In Partial Fulfillment of The Requirements for the Degree of Bachelor of Secondary Education Major in English by: Magallanes, Neressa B. Manago, Annie Vie A. Minor, Ma. Airene M. Sarinas, Mary Grace C. Villanueva, Elsa L. Villanueva, Lyn G. ACKNOWLEDGMENTS The researchers would like to take this opportunity to extend their heartfelt gratitude to those who contributed in the success of the study.To   our   parents   and   family,   for   loving   and   supporting   us   morally   and   financially. To Dr. Gaudencio L. Lat   for   being   considerate   and   understanding   in   the administration   of the   study. To Professor Honeylie Buitre and Professor Mary Grace Laugico, for giving insights and helping us in the statistical treatment. To Professor   Edwin   Paming   for   allowing   us   to   conduct   the   test   during   his   class. To Professor Michelle Morado, for her competent educational guidance and assistance   from   the   very   start   until   the   completion   of   the   study. To Mr.Ronnie Batiao for his assistance, valuable advices, and generous support. To   Ms. Annie Vie Manago,   for   letting   us use   her   laptop   for   the   typing   and   editing of   the   manuscript. To Ms. Elham   Kashef   Saberi   and   Ms. Azadeh   Kashef   Saberi   for   their   help, cooperation   and   generous   support   for   the   completion   of   this   study. To   our   teachers,   for   sharing   their   knowledge   and   intelligence   with   the   researchers. To   our   classmates,   for   sharing   ideas,   concepts   and   even   mom ents   inside   and outside   the   classroom. The Researchers Vocabulary skills, in particular, are important.Why is it important? What are the advantages one can get from gaining a wide range of vocabulary? How do we learn from reading materials? Is reading materials a significant factor in one’s learning ability? It   is   a   fact   that   reading   materials   helps   in   developing   the   vocabulary   skills of   the   students. They   become   well   informed   by   reading   different   reading materials   such   as   educational   books,   journals,   newspapers,   dictionaries,   and magazines. Most   knowledge   is   transmitted   to   the   printed   page   or   electronically through   the   World   Wide   Web.However,   based   on the   results   of   the   study,   exposure   to   reading   materials does   not   necessarily   mean   that   you   are   skilled   in   terms   of   vocabulary. There are many   factors   which   needs   to   be   considered   such   as   the   age,   gender,   preferred reading   material,   reading   styles   and   socio-economic   status. The   main   aim   of   this   study   is   to   determine   how   reading   materials   help develop   vocabulary   skills   of   First   Year   Education   of   Pamantasan   ng   Cabuyao. How does their learning styles, age, socio-economic status affects the development of their vocabulary skills? Summary of Findings:The following are the findings of the study: 1. Majority   of   the   respondents   with   the   frequency   of   38   at   38%   belong   to   17 years of   age. Female   respondents   register   at   a   frequency   of   80   comprising   80%   of   the total   number   of   the   respo ndents. Most   of   the   respondents   belong   to   the   middle class at   a   frequency   of   55%. 2. The   following   are   the   results   of   a   series   of   tests   which   reveals   that   majority   read books with   weighted   mean   of   3. 81,   which   implies   that   the   students   often   read books   rather   than   magazines,   dictionaries,   journals,   and   newspapers. . In   a   series   of   test   conducted,   it   shows   that   book   is   the   common   reading material   read   by   the   students   which   helps   in   developing   vocabulary   skills. 4. The   comparative   analysis  Ã‚   resulted   in   the   significant   relationship   between   the exposure   to   the   different   reading   materials   and   vocabulary skills   development   of the   respondents. 5. The   results   of   the   series   of   the   tests   revealed   that   silent   reading   is   the   preferred   reading   style   of   the   students   which   helps   them develop   their   vocabulary   skills,   with   a   weighted mean   of   2. 3   and   is   verbally   interpreted   as   the   highest   rank   among   other   reading styles. Summary of Conclusions: Based   on   the   above   stated   results   of   the   investigation,   the   following   conclusion are   drawn: 1. A   typical   respondent   of   the   study   is   a   female  Ã‚   First   Year   Education   student   of Pamantasan   ng   Cabuyao   belonging   to   the   age   of   17. Furthermore, the   results  Ã‚  Ã‚   showed that   more   or   less   half   of   the   respondents   belong   to   the  Ã‚   middle   class   as   to   their   socio- economic   status   with   a   frequency   of   55   (55%). . The   First   Year Education   students   of   Pamantasan   ng   Cabuyao   choose   to   read books frequently   rather   than   magazines,   dictionaries,   journals,   and  Ã‚   newspaper  Ã‚   which could   help   them   in   developing   their   vocabulary   skills. 3. The   common   reading   materials   has   no   bearing   on   developing   vocabulary   skills   of  Ã‚   the First   Year   Education   students   at   Pamantasan   ng   Cabuyao. 4. Different   reading   materials   has   no   bearing   on   developing   vocabulary   skills   of  Ã‚   the First Year   Education   at  Ã‚   Pamantasan ng Cabuyao. 5.Silent,   oral,   and   extensive   reading   are   the   top   three   that   is   most   preferred   reading styles   of   the   First   Year   education   Students   at   Pamantasan   ng   Cabuyao  Ã‚   that   helps develop   their   vocabulary   skills. Recommendations: Based   on   the   result   and   conclusion   of   the   investigation,   the researchers   hereby recommend   the   following:   1. The   school   must   provide   interesting   reading   materials   appropriate to   the   age   of   the   students  . Therefore,   the  Ã‚   reading   materials must   be   of   general   interest   to   all      readers  Ã‚   both   female   and   male.Reading   materials   that   contains   interesting   facts   and   trivia’s   tend   to   attract   readers   from both   gender. The   results   also   shows   that   most   of   the   students  Ã‚   from   the   College   of Education  Ã‚   belongs   to   the   middle   class,   butà ‚  Ã‚   it   does   not   mean   that   those   students  Ã‚  Ã‚   from low,   higher   and   highest   class   should   be   satisfied   with   their   vocabulary   skills. They   are recommended   to   read   more,   especially  Ã‚   English   in   order   for   them   to   improve   their vocabulary   skills   that   will   be   necessary   in   their   future   professions.It also recommended that the government should provide reading materials in every schools. 2. The  school  must  provide more  interesting  reading materials in the library and the teachers should require to their students to go in the library to read newspapers, journals, magazines, books, and dictionaries. They   will   be   motivated  Ã‚   to   read   if   the   reading   materials   provided   for   them concerns   the   affective   domain. 3. More   reading   and   vocabulary   e xercises   are   recommended   for   further   enhancement   of the   students   vocabulary   skills.Even   though   the   students   preferred   to   read   books   as   the most   common   reading   materials   which   helps   in   developing   vocabulary   skills,   the  Ã‚   teachers should  Ã‚   promote   and   motivate  Ã‚   the   students   to   read   other   reading   materials. Teachers should also motivate the students to read magazines, newspapers, journals and dictionaries. 4. It is recommended that students and teachers must read more different reading materials and make as a daily habit in order to develop their vocabulary skills.Also recommended   that teachers   should   consider   the   different   reading   materials   that   will be   used   and   its   significance, they   should   consider   the individual   differences  Ã‚   of  Ã‚   the   stud ents   in   motivating  Ã‚  Ã‚   them   to   read. 5. The  reading  styles of the  students should  continuously indulge  Ã‚   themselves   in   reading   for them  to   improve   their   vocabulary   skills. Although   some of   the  Ã‚   respondents   got   average   scores   in   the   test, it   is   not   a   reason   for   them   to   be satisfied.They   are   still   recommended   to   read   newspaper, magazines, journals, dictionaries, and books   so   they   can enhance   their   vocabulary skills   and   become   effective   teachers   in   the   future. TABLE   OF   CONTENTS PAGE TITLE PAGE†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ i APPROVAL SHEET†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢ € ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. ii ACKNOWLEDGMENT†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ iii ABSTRACT†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ iv TABLE OF CONTENTS†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. v LIST OF FIGURES†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. vi LISTS OF TABLES†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. vii Chapter I: THE PROBLEM AND ITS BACKGR OUNDIntroduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 1 Background of the Study  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Statement of the Problem†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦3 Hypotheses of the Study†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 4 Objectives  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã ‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Scope and Delimitations†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦. 5 Significance of the Study  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Theoretical Framework†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 6 Definition of Terms†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 9 Chapter II: REVIEW OF RELATED LITERATURERelated Local Literature†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 12 Related Foreign Literature  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Related Local Studies†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 17 Synthesis of Related Literature and Studies†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 19 Chapter III: RESEARCH METHODOLOGY Research   Design†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 21 Respondents   of   the   Study  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Data   Gathering   Tools/Instrument†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 22 Data   Gathering   Procedure Statistical   Treatments   of   DataChapter   IV:   PRESENTATION,   ANALYSIS,   AND INTERPRETATION Profile   of   the   Respondent†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 26 Statistical   Treatment†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦27 Reading   Styles   of   the   Respondents†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 28 Chapter V:   SUMMARY, FINDINGS, CONCLUSIONS, AND RE COMMENDATION SUMMARY†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦32 CONCLUSIONS†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 33 RECOMMENDATION†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 34 APPENDICES Bibliography Survey   Questionnaire Curriculum   Vitae LIST OF FIGURES FIGURE 1:   CONCEPTUAL PARADIGM LIST   OF   TABLES 1. Table 1. . The percentage distribution of the respondents according to age. Table 1. 2 The percentage distribution of the respondents according to gender. Table 1. 3The percentage distribution of the respondents according to socio- economic status 2 &3. Table 2&3. Kinds of reading materials, common reading materials and fr equency of reading that helps in developing vocabulary skills. 4. Table 4. Test of Hypothesis for Pearson Correlation Coefficient Value 5. Table 5. Reading styles of the students which helps them develop their vocabulary skills.Chapter 1 THE PROBLEM AND ITS BACKGROUND Introduction Reading   is   the   basic   tool   in   learning   other   subjects   taught   in   school. It   Ã‚  is   also an   instrument   in   understanding   the   different   subject   areas   like   arithmetic,   science, social studies,   English   and   other  Ã‚   subjects   depending   on   the   ability   to   read. Some   students are able  Ã‚   to   sound   words   although   they   do   not   know   what   the  Ã‚   word   means. In   the   real sense   this   is   not   reading,   what   the   students   do   is   nothing  Ã‚   but   word  Ã‚   calling (Galves,2005).When we read, th ere must be comprehension, otherwise no learning takes  Ã‚   place. Some of the students nowadays are fond of reading books. Some   understand what   the   author   wants   to   convey   while   others   cannot,   others  Ã‚   just   simply   read   it   without analyzing   the   words  Ã‚   used,   or   simply   for   fun   and   entertainment   only. On   the   other   hand, some would consider it as a habit. Reading   books   affect   the   student’s   or   learner’s   way   of   thinking,   the   way   they act, the   way they   communicate and interact with other people.It proves that learning is limitless because some are not contented in one reference only. Reading is a good hobby, yet it needs proper parental guidance to prevent the child or youth in reading books   or   any   reading  Ã‚   material   which   is   inappropriate   for   their   age   level . Students   often get   addicted   in   reading,   especially   pocketbooks,   and   tend   to   disregard   their   assignments and   even   their   duties   at   home. Reading   is   a   good,   meaningful   and   relaxing   way   of   spending   your   past time, instead   of   playing   cards ,   window   shopping,   and  Ã‚   hanging   out   with   friends.By   reading, you   will learn   more,   it   will   broaden   your   mind   and   help   you   understand   what   is   the reality of   life. Sometimes,   it   changes   people’s   perception   or   views   in   life   and   somehow develops   and enhances   good   personality,   because   of   the   ideas   and   knowledge   earned from   what   has   been   read. According   to   Cziko   et   al   (2000)   reading   is   sharing   and   get ting   information   and idea   from   the   text. Many   people   think   of   reading   skills   which   is   taught   once  Ã‚   and   for all   on   few   years   of   school.More often credits (or  blame)   for   students   reading   ability goes   to   primary   teachers. Upper elementary and secondary school teachers at grade level only   need   to   teach   new   concepts   relevant   to   their   students   ability   to   comprehend. See this way, reading  Ã‚   process; readers decode each word in a text and then automatically comprehend   the   meaning   of   the   words   as   they   do   their   everyday  Ã‚   spoken  Ã‚   language. Reading  Ã‚   makes  Ã‚   our  Ã‚   mind   active   because   it   is   significant   to   apply  Ã‚  Ã‚   the   acquired knowledge  Ã‚   in   our   daily   lives.Our  Ã‚   imagination expands  Ã‚  Ã‚   and enhances  Ã‚   our cognitive ability through what the readers have read. Also,   through   reading ,   ability   to   analyze   and evaluate   the   text   to   criticize   or   make   some   conclusion   is   also   developed. In  Ã‚   reading, you  Ã‚   recognize the structure of grammar. A   child   exposed   in  Ã‚  Ã‚   reading   earlier   in   his/her childhood  Ã‚   stage  Ã‚  Ã‚   provides   exercise   in   his/ her   mind. It   Ã‚  also develops their cognitive ability and improves their intelligence.It   is   for   this   reason   that   the   researchers   will   undertake   this   study   and   use the   first   year   Education   students   as   the  Ã‚   respondents;   the   purpose   is   to   find   out   how students   would   cope   with   their   education   by   means of   determining   the   reading materials  Ã‚   that   could   enhance   the   vocabulary   of   the   students. Objectives 1. To determine the vocabulary development of the respondents when grouped according to:    1. 1  Ã‚  Ã‚  Ã‚   Age 1. 2  Ã‚  Ã‚  Ã‚   Gender 1. 3  Ã‚  Ã‚  Ã‚   Socio-economic status 2. To determine   the   kind   of   reading   materials   being   read   and   the  Ã‚   frequency   of   reading. 3.To   determine   what   reading   materials   commonly   read   by   the   students   helps   in   developing   their   vocabulary   skills. 4. To   determine   the   significant   relationship between   exposure of   different   reading   materials   and   developing   the   vocabulary   skills   of   the   students. 5. To   ascertain  Ã‚   the   reading   styles   of   the   students   in   developing   vocabulary   skills. Statement of the Problem This   study   will   attempt    to   find   out   on   how   reading   materials   help   in   developing the   vocabulary   skills   of   the   students/learners   particularly   in selected First   Year   Education students   (BSED and BEEd)   at   PnC.Specifically, the study will be answering the following questions: 1. What   is   the   demographic   profile   of   the   respondents   in   terms   of: 1. 1  Ã‚  Age; 1. 2 Gender; and 1. 2  Ã‚  Socio-economic Status? 2. What kind of reading materials are being read and the frequency of reading? 3. What   are   the   common   reading   materials   read   by   the   students   that   helps   in developing   their   vocabulary   skills:   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   3. 1 Books; 3. 2. Magazines; 3. 3. Journals; 3. 4. Newspapers; and 3. 5. Dictionary? 4.Is   there   any   significant   relationship   of   exposure   in   different   reading   materials   and  Ã‚   developing vocabulary   skills   of   the   students? 5. What   are   the   reading   styles   of   the   students   which   helps   them   to   develop   their  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   vocabulary   skills? Hypothesis of the Study To   be   able   to   answer   the   above   questions,   the   study   divided   the   following hypothesis. Null   hypothesis-   There   is   no   significant   relationship   between   exposure   to   different reading   materials   and   the   vocabulary   skills   of   the   students.Alternative   hypothesis-   There   is   a   significant   relationship   between   exposure   to different   reading   materials   and   the   vocabulary   skills   of   the   students. Objectives 1. To   determine   the  Ã‚   vocabulary   development   of   the   r espondents   when grouped according  Ã‚   to: 1. 1  Ã‚  Age; 1. 2  Ã‚  Gender 1. 3  Ã‚  Socioeconomic   status 2. To determine   the   kind   of   reading   materials   being   read   and   the     frequency   of   reading. 3. To   determine   what   reading   materials   commonly   read   by   the   students   helps   in   developing   their   vocabulary   skills. . To   determine   the   significant   relationship between   exposure   of   different   reading   materials   and   developing   the   vocabulary   skills   of   the   students. 5. To   ascertain  Ã‚   the   reading   styles   of   the   students   in   developing   vocabulary   skills. SCOPE AND LIMITATION This   study   limits   its   coverage   on   first   year   Education   students   at   Pamantasan ng Cabuyao,   Laguna. It’s   main   purpose   is   to   determine   the   effectiveness   of   reading materials   in   developing  Ã‚   vocabulary   skills   of   the   respondents.In   this   study,   the researchers   limit   the   use   of   English   reading   materials   on   the   following:  Ã‚   educational books,   journals, magazines,   newspapers,   and   dictionary. The   researchers   limits   their   reading styles   in   oral,   silent,   scanning,   skimming,   extensive,   and   intensive   types   of   reading. DELIMITATION This   study   did not cover   other   courses, year   levels, other   reading materials   other   than   educational books,   journals, magazines,   newspapers, and dictionary and   reading   styles   other   than   oral,   silent,, scanning,   skimming,   extensive, intensive   reading   styles of   the   respondents.SIGNIFICANCE   OF   THE STUDY This   res earch   study   wants   to   gain   information   on   the   reading materials   in developing   vocabulary   skills   of   selected   First Year   Education   students   at   Pamantasan ng   Cabuyao,   Laguna,   school   year   2011-2012. This   will   serve   as   the  Ã‚   springboard   or basis   to   improve   the   vocabulary   skills   of   the   students. School Administrators. The   result   can   be   used   as   the   basis   for   providing reading   materials   taking   into   consideration   the   needs   of   college   students in developing their vocabulary skills.School Instructors and Professors. The   findings  Ã‚   of   the   study   could   help instructors   and   professors   to   identify   the   reading   materials   being   used   where   they have   to   apply   certain   techniques   and   strategies   in   relation   of   developing   vocabulary skills. Students. The  Ã‚   result  Ã‚   of  Ã‚   the   study   may   provide   the   concerned   pupils how to   broaden   the   vocabulary   skills. Theoretical framework: Robert   Gagne’s   Information   Processing   Theory   or   Information-processing Approach  Ã‚  (1950).The   two   theoretical   ideas   considered   fundamental   to   cognitive  psychology   and   information processing   framework   were   â€Å"chunking†Ã‚   and   the  Ã‚  test-operate- test-exit   (TOTE). Chunk   is   any   meaningful   unit   of   information   and   is   good   or  appropriate   for   the   capacity   of the   short-term   memory,   like   for   example   familiarizing   any  digit,   word,   chess   positions,   or   students’   faces. It   implies   that   short-term   memor y   could  only   hold   5-9   chunks   of   information   either   seven   plus   or   minus   two. TOTE   can   possibly  replace   the   stimulus   response   as   fundamental   unit   of   behavior.Here,   there   is   aconduction   of   testing   cycle   which   is   repeated   for   several   times   to   determine   the   success  of   its   operation   until   the   goal   is   achieved   which   can   be   a   good   foundation   for   problem-  solving   tasks. Origin   of   information   processing   theory   began   in   cybernetics,   game   theory,  communication   theory   and   information   theory   which   gained   its   popularity   when   these  things   reach   their   full   development. This   theory   likened   the   mind   to   a   processing   system  where   knowledge   i s   represented   in   the form   of   symbols.It   is   important   to   study   information-processing   approach   in   order   to   understand how   information   is   encoded,  Ã‚   processed,   stored,   and   retrieved. In  Ã‚  sensory   registers, information   from   external   environment   is   represented   in   its   original   sensory   form   where there   is   a   separate   register   for   each   sensory   modality   like   visual,   auditory,   tactile, kinesthetic,   or   olfactory   that   can   hold   large   amount   of   information,   yet   only   for   a   matter of   milliseconds. Information   can   be   lost   at   the   end   of   that   time   unless   it   can   be described   during   the  Ã‚  pattern   recognition   process.Short-term Memory   System  (STM)   functions   in   two   important   ways:   1)   it organizes   information   by   integrating   new   information   with   the   existing   information   and   2) it   temporarily   stores   information   for   the   learners’   use   (Kameenui,   Carnine,   Dixon, Simmons,   &   Coyne,   2002). Also   known   as   the  Ã‚  working   memory,   the   short-term memory   system   has   a   smaller   capacity,   but   its   representations   are   more durable. In STM,   we   utilize   different   strategies   and   techniques   to   remember   or   solve   problems.Limited   pieces   of   information   only   can   be   stored,   and   for   a   short   period   of   time. On the   other   hand,   if   we   do   some   cognitive   operations   on   the   data,   we   can   store   them in   the  Ã‚  long-term   memory  (LTM). Data   that   is   stored   at   the   LTM   is   expected   to   be stored   indefinitely,   and   is   labeled   as   verbal   or   visual   information   for   future   use; it includes   the   episodic   and   semantic   knowledge. There   are   several   ways   to develop/strengthen   the   short-term   memory   system   these   are   repetition,   chunking, identification   of   logical   patterns   Brownell (2002).The   Long-term   Memory   System  Ã‚  (LTM)   is   a   warehouse   of   knowledge. It   is   also known   as   data   bank   that   stores   information   likened   to   a   floppy   disk,   hard   desktop   USB that   stores   huge   amount   of   information. When   we   perceive   something   with   our   sensory modalities,   we   are   able   to   form   and   arrange   information   in to   meaningful   order   as   we progressively   make   connections   in   our   brain. The   group   of   neurons   help   us   integrate knowledge,   arrange   it,   and   utilize   it   in   a   meaningful   context   so   we   can   understand   the everyday   occurrences.For   sensory   input   to   be   effective,   all   our senses   should   be   fully operational. A   student   who   cannot  Ã‚   see   or   hear   better   is   not   in   better   condition   to   attend to   and   process   the   environmental   stimuli. Brownell   (2002)   also   identified   certain   LTM techniques   they   are   association,   categorization,   mediation,   imagery,   and   mnemonics. Aquino (2009). According to Lockhart (2000)   that   in   recall,   you   produce   a   fact,   a   word,   or   other item   from   me mory. Fill-   in   -the-   blank   tests   require   that   you   recall   items   from   memory.In   recognition,   you   select   or   otherwise   identify   an   item   as   being   one   that   you   learned previously. Working   memory   holds   only   the   most   recently   activated  Ã‚   portion   of   long-term memory,   and   it   moves   these   activated   elements   into   and   out   of   brief,   temporary   memory storage   ( Dosher). Conceptual   Framework: Input Process Output Definition   of   Terms The   following   words   are   used   operationally   in   this   study: Communication.This   refers   in   giving   or   receiving   of   information,   this   can   be   done   by gestures,   writings   and   by   talking. Comprehension. This   refers   to   the   readers   understanding   to   what   the   author   has   written. according   to   the   expert,   it   requires the   fusion   in   meanings   of   separate words  Ã‚   into   chain   of   related   ideas. Decode  Ã¢â‚¬â€œ Figure out how to pronounce. Education  Ã¢â‚¬â€œ This refers to the acquisition of knowledge, skills, abilities and attitude, through instruction   and   training. Effectiveness. This   word   refers   to   an expected   response. It   is   synonymous   to   the word  Ã‚   success.Extensive reading. Comprehensive  Ã‚  reading   of   long   texts   or   books   for   the expres purpose   of   discerning   global   meaning   images   is   the   art   of   extensive reading. It   is   reading   imaginatively,   creatively,   and   critically. Intensive reading. This reading strategy which is   characterized   by deliberate attention and   Ã‚  Ã‚  deep   concentration. It   is   reading   for   details. Learning. This   refers   to   the   psychological   activity   in   development   such   as acquisition   Ã‚  of  Ã‚   symbol   knowledge   or   motor   skills,   and   as   intellectual and   Ã‚  creative   process.Long   term   memory. Warehouse   of   knowledge   and   also   known   as   data   bank   that   stores information  Ã‚   likened   to   floppy   disk,   hard   disk,   or   USB   that   stores huge  Ã‚   amount   of   information. Reading. Refers   to   the   recognition   of   printed   or   written   symbol,   which   serve as stimuli  Ã‚   for   the   recall. Reading  Ã‚   Interest. This   refers   to   the   pleasure   or   enjoyment   of   someone   when   interprets or understand   a   reading   materials. Sensory  Ã‚   Register. Information  Ã‚  Ã‚   from external environment is represe nted   in   its   original sensory  Ã‚   form.Scanning. The research for a specific information or for an appropriate answer to a particular question is referred to as scanning. Skimming. As   a  Ã‚   strategy,   skimming   refers   to   the   method   of   glancing   rapidly through  Ã‚  the   reading selection or text for the purpose of   extracting   the thought , the   gist   or   main   points. Short   term memory. Temporarily stores information for the learner’s use, also known as  Ã‚   the  working   memory. It   has   a   smaller   capacity   but   its representations  Ã‚   are   more   durable. Chapter 2RELATED   LITERATURE   AND   STUDIES The   literature   that   follow   are   taken   from   different   authors   that   enlighten   the researchers   on   angle   and   aspects   of   the   current   study. RELATED   LITERATURE Local   Literature Rea ding   is   a   dynamic   process   in   which  Ã‚  Ã‚   the   reader   interacts   with   the   text   to construct  Ã‚   meaning. Inherent   in   constructing   meaning   is   the   reader's   ability   to   activate prior   knowledge   use reading   strategies   and   adapt   to   the   reading   situation. (Ma. Cecilia Crudo 2005) Foreign   LiteratureThe   importance   of   vocabulary   to   life   success   makes   it   of   practical   importance   for Investigation   (Hoff 2007). Executive   functioning   refers   to   a   variety   of   related   cognitive   skills   that   involve   the ability   to   maintain   task-relevant   information   in   short-term   memory,   as   well   as   the   ability to   manipulate   this   information   through   the   engagement   of   focused   attention   (National Institute   of   Child   Health   and   Human   Development   Early   Child   Care   Research   Network [NICHD ECCRN],   2005;   Wolfe   Bell,   2007).Among   these   skills   are   working   memory and   cognitive   inhibitory   control,   both   of   which   are   associated   with   frontal   lobe   function. Children   who   are   able   to   engage   in   goal-directed   behavior   by   reducing   their   attention   to distracting   stimuli,   either   internal   or   external,   demonstrate   such   skills. When   in   a   learning situation   with   other   children   or   adults,   increasing   levels   of   shyness   may   be   associated with   a   decreased   ability   to   focus   attention   on   the   task   at   hand.Exploration   of,   and   engagement   with,   the   environment   fosters   the   developm ent   of vocabulary   (Hart, 2004; Horn & Blankson, 2005;). Family environments provide opportunities for the development of vocabulary. Individuals   who are   reared   in   home   environments   that   encourage   exploration   have   many   opportunities   for the  Ã‚   development   of   vocabulary.Indeed,  Ã‚   research  Ã‚   has   repeatedly   supported   the proposition   that   opportunities   for   productive   activity—the   extent   to   which   toys   and learning   materials   are   available   in   the   home   environment,   along   with   the   extent   to   which parents   directly   teach   their   child   concepts   and   take   their   child   to   places   and   events   that provide   enrichment–are   positively   related   to   vocabulary   (Bradley & Corwyn, 2005; Bradley,Corwyn, Burchinal, McAdoo, & Garcia Coll, 2001 ;).Research   also   indicates   that   engagement   in   productive   activities   is   related   to   attention focusing   and   memory,   both   of   which   are   elements   of   executive   functioning   (NICHD ECCRN, 2005). Swerling   (2005)   opines   that   reading   of   text-such   as   books, magazines   and newspapers,   plays   a   key   role   in   developments   of   reading   fluency   (speed   and   ease   of reading),   vocabulary,   background   and   even   spelling.Memory   is   the   means   by   which   we   retain   and   draw   on   our   past experiences   to use   that information   about   past   experience( Tulving 2000; and   Craik,2000). As   process, memory   refers   to   the   dynamic   mechanisms   associated   with   storing,   retaining,   and retrieving   information   about   past   experience (Hernandez Blase, 2003). Specifically,   cognitive psychologist   have   identified   three   common   operations   of   memory:   encoding,   storage,   and retrieval(Baddeley,2000).According   to Lockhart,(2000)   that   in   recall,   you   produce   a   fact,   a   word,   or   other item   from   memory. Fill-   in   -the-   blank   tests   require   that   you   recall   items   from   memory. in   recognition. RELATED   STUDIES Foreign   Studies According   to   Ehri and Rosenthal (2011),  Ã‚  an   experiment   with   different   assignments was   conducted   to  Ã‚   examine   the   effectiveness   of   a   technique   to   acquire   unfamiliar   English vocabulary   words   during   text   reading.Lower   socio-economic   status,   language   minority fifth   graders   (M = 10   years,   7   months   n = 62)   silentlyà ‚   read   eight   passages   each   focused on   an   uncommon   multi-syllabic   word   that   was   underlined,   embedded   in   a   meaningful context,   defined,   depicted,   and   repeated   three   times. Students   were   grouped   by   word reading   ability,   matched   into   pairs,   and   randomly   assigned   to   one   of   two   conditions. In the   strategy   condition,   students   orally   pronounced   the   underlined   words   during   silent reading.In   the   control   condition,   students   penciled   a   check   if   they   had   seen   the underlined   words   before   but   did   not   say   the   words   aloud. Results   of   ANNOVAs   showed that   the   oral   strategy   enhanced   vocabulary   learning   (ps ; . 01),   with   poorer   readers showing   bigger   effect   sizes   than    better   readers   in   remembering   pronunciation-meaning associations   and   spellings   of   the   words. In   a   second   experiment,   32   fifth   graders   from the   same   school   described   the   strategies   they   use   when   encountering   uncommon   words   in context.Better   readers   reported   more   word-level   strategies   whereas   poorer   readers reported   more   text-based   strategies. Our   explanation   is   that   application   of   the   word-level strategy   of   decoding   new   words   aloud   strengthened   connections   between   spellings, pronunciations,   and   meanings   in   memory   compared   to   silent   reading   of   new   words, particularly   among   poor   readers   who   were   less   skilled   and   less   likely   to   use   this   strategy unless   Ã‚  instruc ted   to   do   so.According   to   Derakhshan and Shahrzad (2011),   a   solid   body   of   research   findings substantiates   that   most   vocabulary,   in   first,   second   or   foreign   language,   is   learned incidentally   which   is   defined   as   learning   vocabulary   as   a   by-product   of   any   activity   not precisely   geared   to   vocabulary   learning.Therefore,   the   present   study   mainly   focused   on the   effect   of   teaching   and   intervention   in   deriving   word   meaning   on   incidental   vocabulary learning   in   EFL   context;   secondly,   it   aimed   to   find   out   whether   the   contextualized   words that   appear   with   more   clues   learned   better   and   consequently   kept   longer;   finally,   it sought   to   explore   whether   instructio n   could   lead   to   increase   in   incidental   vocabulary learning   in   the   text. To  Ã‚   these   ends,   50   freshmen   Iranian   college   students   from   Teacher Training   University   of   Azerbaijan   participated   in   this   study.These students enrolled for the reading class in   two   separate   semesters. The results   of   the   TOEFL   and   Vocabulary Level   Test   (VLT)   revealed   that   the   participants   enjoyed   approximately   the   same   level   of proficiency. There   were   two   post-tests   which   were   taken   at   certain   time   intervals. The results   of   this   study   showed   that   the   instruction   in   deriving   word   meaning   had   positive effect   on   students'   incidental   vocabulary   learning. Also   it   was   concluded   that   students should   meet    the   words   in   contextualized   forms   more   frequently   in   order   to   keep   and retain   them   in   the   long   run.Beck,   McKeown and Kucan, (2002), there   is   tremendous   need   for   more vocabulary   instruction   at all   grade   levels   by   all   teachers. The   number   of   words   that students   need   to   learn   is   exceedingly   large; on   average   students   should   add   2,000  Ã‚   to 3,000   new   words   a   year   to   their   reading   vocabularies. Students who enter school   with limited   vocabulary   knowledge. At   first-grade, high – performing   students,   but   that differential   gets   magnified   each   year, resulting   in igh-performing   12th   grade   students knowing   about   four   times   as   many   words   as   the   low-performing   12th graders(Hart and Risley, 2001). According   to   Hirch(2003), word   knowledge   is   crucial   to   reading   comprehension and   determines   how   well   students   will   be   able   to   comprehend   the texts   they   read   in middle  Ã‚   and   high   school. Comprehension  Ã‚   is far more than  Ã‚   recognizing words and remembering  Ã‚   their  meanings. However,   if   a   student’s   does   not   know   the   meanings   of   a sufficient   proportion   of   the   words   in   the   text,   comprehension   is   impossible.Vocabulary experts   agree   that   adequate   reading   comprehension   depends   on   a person   already knowing   between   90   and   95   percent   of   the   words  Ã‚   in   a text. Knowing at   least   90 percent   of   the   words   enable   the   reader   to   get   the   main   idea   fro m   the  Ã‚   reading   and guess what   many   of   the   unfamiliar   words   mean,   which   will   help   them   learn   new   words. Readers  Ã‚   do   not   recognize   at   least   90   percent  Ã‚  Ã‚   of  Ã‚   the   words   will   not   only  Ã‚   have difficulty   comprehending   the   text,   but   they   will   miss   out   on   the   opportunity   to   learn   new words.Piksuki  Ã‚   and   Chard   (2003),   young   children   naturally   learn   to communicate through listening  Ã‚   and  Ã‚   speaking. In order   to   make   the   transition   to   communicating   through   reading and  Ã‚   writing,   they   need   a   large   meaning   vocabulary   and effective decoding  Ã‚   skills. There   is an  Ã‚   abundance   of  Ã‚   research   evidence   to   show   that   an   effective   decoding  Ã‚   strate gy   allow student   not   only   to   identify   printed   words   accurately   but   to   do   so   rapidly   and automatically. Juel  Ã‚   at   al. 2003)   showed   that   while   teachers  Ã‚   in   kindergarten spent  Ã‚   considerable time   reading   and  Ã‚   discussing   books  Ã‚   to   children   with   below   average  Ã‚   vocabularies,   these activities   had   minimal   impact   on   the   progress   of   the   children. Only   when   teachers   spent focused   on   time   on   the   vocabulary   did   significant   growth   occur . We   apply   the   term â€Å"instructional   read   aloud†Ã‚  Ã‚   to   read   aloud   events   where,   to   stimulate   an   interest   in   books in   reading,   there   also   a   deliberate   teaching   of   skills   that will   promote   independence   in reading,    such   as   an   increased   vocabulary.Local   studies According   to  Garcia (2006)  Ã‚  if   children   will not   read,   they   are   less   likely   to   develop automatically,   vocabulary   and   concepts   about   the   world   as   well   as   intrinsic   motivation   to read. In   a   book   by   Villamin   et   al,   (2001)   different   levels   of   thinking   was   classified with   interaction   between   the   reader   and   the   text   may   occur,   which   are   literal,   inferential, critical,   and   creative. However,   it   is   in   the   creative   level   of   comprehension   that   the reading,   in   its   fullest   sense,   is   said   to   truly   occur.Dr. Thomas   C. Barrett   developed   a   taxonomy   now   popular   known as   â€Å"The   Barrett   Taxonomy   of   Re ading   Comprehension†Ã‚   to   meet   the   needs   of   teachers and   instructional   materials   developers  Ã‚  Ã‚   who   wanted   a   systematic,   structural   approach   to teaching   reading   skills. (Alcantara   et   al, 2003) Literal   comprehension   is   the   understanding   of   surface   meanings   or   idea   that are   explicitly   printed   in   reading   materials. It   is   merely   determining   what   the   writer   or idea   that   are   explicitly   printed   in   reading   material.It   is   merely   determining   what   the is   conveying. Comprehending   at   the   inferential   level   involves   determining   relationships and   drawing   from   these   the   writer’s   intended   meanings   which   are   implied   in   the   reading material. Reading   at   the   critical   level   requires   the   reader   to   judge   the   worth   of   ideas presented   and   the   effectiveness of   presentation. Reading   at   the   creative   level   involves   the integration   of  Ã‚   bright   ideas   read   with   prior   knowledge   and   experience   so   that   the   new ideas   and   deeper   insights   are   formed.This   levels   of   comprehension   follow   an   ascending sequence   of   difficulty  Ã‚   and   complexity   of   thinking – with   literal   comprehension   as   the lowest   level   while   creative   comprehension   at   the   highest. Thus,   comprehension   is   not   just â€Å"understanding,†Ã‚  Ã‚   but   feeling   the   emotional   experience   embedded,   reasoning,   judging,   and creating. This   thinking   processes   may   not   necessarily follow   a   hierarchal    sequence   for   the reason   that   comprehension   may   occur   any   level   of   thinking. All   reading   require   a considerable   amount   of   understanding   the   literal   sense â€Å"of   what   is   read.    And   fully   gain   from   the   reading   experience   and enjoy   it   as   well,   the reader   must   go   beyond   the   literal   level   of   comprehension   and   reach   the   heights   of   the creative   level. In   some   classroom,  Ã‚  teachers   are   trying   out   several   techniques   to   see   which would   facilitate   comprehension   –   language   experience,   dimensional   approach,   program instruction,   diagnostic   – prescriptive   method,   semantic   webbing/mapping,   story   grammar etc. The   last   approach   seems   to   offer   possibilities   of   integrating   some   basic communication   skills   that   enhance   comprehension.A   careful   scrutiny   however,   reveals that   the   grammar   is   not   an   entirely   new   technique. (Alcantara et al, 2003) Assessment   of   Related   Literature   and   Studies The   related   literature   summed –   up   has   significant   relationship   with   the   present  study   for   the   reason   of   presenting   the   definition   of   the   word   reading   and   its   significance  in   vocabulary   development,   the   importance   of   interests   in   reading   and   it   also   enumerated  different   reading   materials   which   is   subject   of   this   present   day.The   study   conducted   by  foreign   and   local   researchers   has   bearing   because   of the   other   similarities    of   other  variables   with   the   present   study. The     researchers   of   the   present   study   cleared   that   there  is   no   duplication,   the   similarities   are   necessary   to   find   out   if   the   findings   are   true   and  valid   in   other   places. Synthesis In reading, one must  possess  a  wide  range  of  vocabulary. A reader’s vocabulary is valuable in reading comprehension. A   reader   with   a   good   amount   of   words   in   his vocabulary   is   able   to   grasp   the   meaning   of   the   words.One   disadvantage   of   a   poor vocabulary   is   the   reader   will   consume   more   time   in   searching   for   the   meaning   of   a certain   word. Chapter 3 RESEARCH   METHODOLOGY The   objective   of   the   research   would   not   be   realized   without   a   plan   or   strategy. This   chapter   presents   the   method,   instrument   use,   source   of   data,   validation, administration,   and   collection   of questionnaires,   presentations   of   the   respondents   of   the study,   and   the   statistical   treatment   of   the   data. Research   DesignThe   researchers   used   the   descriptive   method   of   research   to   elicit   answer   to   the statement   of   the   problem   in   the   study. Descriptive   research   is   defined   by   Arevalo (2005),   as   a   fact   finding   research with   sufficient   interpretation. The   researchers   used   this   research   design   because   the   main purpose   of   descriptive  Ã‚   method   is   to   measure   the   variable   or   factors   in   a   certain   study. Thus,   this   surv ey   can   measure   the  Ã‚   vocabulary   skills   of   Education   students   at Pamantasan   ng   Cabuyao. Respondents  Ã‚   of  the  StudyThe  Ã‚   subject  of  Ã‚   this  study   consisted   of selected First   Year   Education   students   at Pamantasan  Ã‚   ng   Cabuyao. Their   total   Ã‚  population  Ã‚   is   equal   to   130. The   proponents   is   able to   select   98   of   its   members 75%  Ã‚  of   their   total   number. In   simple   random   sampling   technique   was   utilized   in   choosing   the   sample members. In   determining   sample   size,   the   Slovin’s   formula   was   used. The   computation   of the   sample   size   was   given   below. N=  Ã‚  Ã‚   =  =  = 98 Where   n =   sample   size;   N = population   size;   and   e = margin   of   error   (either   0. 01   or   0. 05) Development  Ã‚   of   Research   InstrumentsIn  Ã‚  Ã‚   preparation  Ã‚   of  Ã‚   the  Ã‚   questionnaire   the   major   research  Ã‚   instrument  Ã‚   used  Ã‚  Ã‚   by   the researchers   is   the   consultation   of   several   knowledgeable   persons and   gathering   of information   through   educational   books. The   researchers   also   make   it   a   point   that   the items   are   sufficient   enough  Ã‚   to   answer   all the   specific   questions   under   the statement   of   the problem. After   the   final   draft   of   the   questionnaire,   the   researchers   submitted   it   to   the thesis   adviser   for   necessary   corrections,   after   which   it   was   finalized. Data   Gathering   ProcedureThe   researchers   conducted   this   study   and   gathered   data   by   distributing que stionnaires   to   be   answered   by   selected   respondents. Before   working   on   this   research, the   researchers   asked   the   permission   of   the   Dean   of   College   of   Education   at   Pamantasan ng   Cabuyao   to   conduct   the   study   through   the   distribution   of   questionnaire   to   the respondents. After   the   researchers   has   secured   the   letter   of   permission   from   the   Dean,   the researchers   personally   administered   the   distribution   of   questionnaire   to   the   respondents   in their   respective   classroom.After   the   respondents   had   answered   the   questionnaire,   the   researchers   checked   the answer   sheets. The raw scores were collected and tallied in tables. The results were analyzed and interpreted in the light of the goals of the   study. Validation   ofà ‚   Research   Instrument For   validation   purposes,   the   researchers   read   several   theses   and   consulted   English teachers   for   the   questionnaire. It   was   validated   through   the   students   of   the   same   level from   other   school   before   it   was   administered   to   the   respondents. Statistical Treatment of DataAfter  Ã‚   the   data   gathering,   the   data   were   tallied,   analyzed,   and   interpreted   using statistical   tools. To   determine   if  Ã‚   there   is   a   relationship   between  Ã‚   exposure  Ã‚   to  Ã‚   reading  Ã‚   materials  and  Ã‚   vocabulary  Ã‚   skills   of     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Selected   First Year   Education   students   at   Pamantasan   ng   Cabuyao ,the correlation  Ã‚   was  Ã‚   established  Ã‚   using  Ã‚   Pearson  Ã‚   Coefficient  Ã‚   of Correlation. (http://davidmlane. com/hyperstat/A51911. html) The formula is Where: N –  number of respondents X –  first variable Y  Ã¢â‚¬â€œÃ‚  second variable r   -relationship The   following   are   the   statistical   treatment   applied   in   the study.The   frequency   and percent   distributions   were   used   in   presenting   the   reading   materials   in   developing   the vocabulary   skills   of   first   year   education   students   of   Pamantasan   ng   Cabuyao. The percentage   formula   is: %=  Ã‚   x 100% Total   frequency 1. Percentage 2. Weighted   mean 3. Pearson   Value Interpretation   for   Computed   Mean |Weighted   Mean |Interpretation |Symbol | |0. 505-1. 500 |Never |N | |1. 505-2. 00 |Seldom |Se | |2. 505-3. 500 |Sometimes |So | |3. 505-4. 500 |Often |O | |4. 505-5. 500 |Always |A | 4. Test   of   Hypothesis Tc   l = r Decision   rule: At   5%   level   of   significance, If   tc