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Article of the Week [ about ]

PD Image
Production Possibilities Frontier.

Microeconomics is the branch of economics that deals with transactions between suppliers and consumers, acting individually or in groups. It is conventionally defined as being concerned with the allocation of scarce resources among alternative uses, but it is really about such down-to-earth matters as the way consumers' and suppliers' decisions affect the prices and the output of goods and services. Its practical importance arises from the influence of those decisions upon people's wellbeing. Although it may seem to be about money-related matters, its scope is in fact much wider. It is about how all sorts of needs and preferences can be met by mutually advantageous transactions.

Microeconomics attempts to throw light upon real economic activity by first examining the behaviour of simpified representations or models of the relationships involved, and then considering the influence of departures from the assumptions adopted in those models.

[more...]

New Draft of the Week [ about ]

Dien Bien Phu is a valley and small town in North Vietnam, 260 miles northwest of Hanoi and the place of the decisive 1954 battle that soon forced France to relinquish control of colonial Indochina. In military shorthand, Dien Bien Phu has also become a synonym for an extremely unwise decision: the attempt to hold a seemingly strong defensive position, against which the enemy, cooperating with the defender's plans, will then destroy himself against the impregnable fortifications.[more...]

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-=== Draft of the Week <font size=1>[ [[CZ:Article of the Week|about]] ]</font> ===
+=== Article of the Week <font size=1>[ [[CZ:Article of the Week|about]] ]</font> ===
-[[Image:Waveform_I_went_to_the_store_yesterday.jpg|thumb|Waveform of "I went to the store yesterday."]] [[Image:Spectrogram_I_went_to_the_store_yesterday.jpg|thumb|Spectrogram of "I went to the store yesterday."]]
+{{Image|Production Possibilities Frontier.jpg|center|200px|Production Possibilities Frontier.}}
-'''[[Speech Recognition]]''' is one of the main elements of [[natural language]] processing, or [[computer]] speech technology.  Speech is derived from sounds created by the [[human]] [[articulatory phonetics|articulatory]] organs, such as the [[vocal cords]] and the [[tongue]]. Through variable exposure to speech during infancy, a child is able to understand similar-sounding utterances from different people, perhaps due to the phonetic regularities in the [[syllable]]s they hear.  The mental capabilities of the [[brain]] helps humans achieve this remarkable capability.  So far, we have only been able to reproduce this in computers on a limited basis.
+'''Microeconomics''' is the branch of economics that deals with transactions between suppliers and consumers, acting individually or in groups. It is conventionally defined as being concerned with the allocation of scarce resources among alternative uses, but it is really about such down-to-earth matters as the way consumers' and suppliers' decisions affect the prices and the output of goods and services. Its practical importance arises from the influence of those decisions upon people's wellbeing. Although it may seem to be about money-related matters, its scope is in fact much wider. It is  about how all sorts of needs and preferences can be met by mutually advantageous transactions.
-The Challenge of Speech Recognition: [[Writing system]]s are ancient, going back as far as the [[Sumerians]] of 6,000 years ago.  The [[phonograph]], which allowed the analog recording and playback of speech, dates to 1877.  Speech recognition had to await the development of computer, however, due to multifarious problems with the recognition of speech.
+Microeconomics attempts to throw light upon real economic activity by first examining the behaviour of simpified representations or ''models'' of the relationships involved, and then  considering the influence of departures from the assumptions adopted in those models.
-<font size=1>[[Speech Recognition|['''more...''']]]</font>
+<font size=1>[[Microeconomics|['''more...''']]]</font>
 === New Draft of the Week <font size=1>[ [[CZ:New Draft of the Week|about]] ]</font> ===
 '''[[Dien Bien Phu]]''' is a valley and small town in North Vietnam, 260 miles northwest of [[Hanoi]] and the place of the decisive 1954 battle that soon forced  [[France]] to relinquish control of colonial Indochina. In military shorthand, Dien Bien Phu has also become a synonym for an extremely unwise decision: the attempt to hold a seemingly strong defensive position, against which the enemy, cooperating with the defender's plans, will then destroy himself against the impregnable fortifications.<font size=1>[[Dien Bien Phu|['''more...''']]]</font>
 |}