Investment theory Essay Example for Free

Investment theory Essay The efficient market hypothesis (EMH) is an investment theory that states it is impossible to beat the market because stock market efficiency causes existing share prices to always incorporate and reflect all relevant information. According to this theory, the stock always trade at their fair value on stock exchanges. This makes it impossible for investors to either purchase undervalued stocks or sell stocks for inflated prices. EMH provides that it should be impossible to outperform the overall market through expert stock selection or market timing. The only way an investor can possibly obtain higher returns is through purchasing riskier investments (Answer. com, 2006). Using the EMH theory, this research study will examine the efficiency of the United Kingdom (UK) stock market indices by providing an internal performance comparison between FTSE 250 and FTSE AIM. A total of two hundred (200) companies will be used for the analysis, with one hundred (100) companies from each index, on the basis of trading value from all sectors, using Datastream platform. Two inputs (total sales and EBIT), and two outputs (total capital employed and total assets) will be used to analyse the data from each company. Literature Review Although EMH is deemed the cornerstone of modern financial theory, it has also been highly controversial and much disputed. Critics say it is pointless to search for undervalued stocks or to try to predict trends in the market through either fundamental or technical analysis. A review of related literature however will show that a large body of evidence show support of EMH. While academics point to a large body of evidence in support of EMH, an equal amount of dissension also exists. For example, investors such as Warren Buffett have consistently beaten the market over long periods of time, which by definition is an impossibility according to the EMH. Detractors of the EMH also point to events such as the 1987 stock market crash (when the DJIA fell by over 20% in a single day) as evidence that stock prices can seriously deviate from their fair values. (Answers. com) In finance, the efficient market hypothesis (EMH) asserts that financial markets are efficient, or that prices on traded assets, e. g. stocks, bonds, or property, already reflect all known information and therefore are unbiased in the sense that they reflect the collective beliefs of all investors about future prospects. The efficient market hypothesis implies that it is not possible to consistently outperform the market — appropriately adjusted for risk — by using any information that the market already knows, except through luck or obtaining and trading on inside information. Information or news in the EMH is defined as anything that may affect stock prices that is unknowable in the present and thus appears randomly in the future. This random information will be the cause of future stock price changes.

The Virtual Learning Environment Education Essay

The Virtual Learning Environment Education Essay Is the Internet only about social networking sites. How does it relate to a whole new dimension of E-learning, what are its effects on traditional teaching methods? Virtual learning environments (VLEs) are prevailing in education nowadays and are effectively used to deliver training materials and assist the progress of communication within a module. There has been a comprehensive study which aimed at exploring the task- technology for two main groups namely trainers and students with the help of VLE WebCT. It has been apparent that students task technology usage, user satisfaction, perspective towards the usage and expected consequences of use were higher than trainers. Trainers had higher perceptions of social rules and regulations with higher perceptions of promoting conditions than students. However, there has been no difference in the level of practice of the VLE between the trainers and students. VLE had more impact on the learning of students rather than trainers in the whole learning process. These outcomes suggest that in spite of high levels of support approved by the tutors, they may still be confused about the benefaction of VLEs to their teaching. Introduction Higher education has been increasingly influenced by the progress of information and technology. The core training requirements in Universities and other institutes involve e-learning processes. Distance education has been possible with the introduction to new innovative courses due to the World Wide Web and online education is now available to in numerous students and lecturers for their training purposes (Peffers and Bloom 1999; Alexander 2001; Chen and Dwyer 2003). Information Technology has introduced new terms and forms which are further categorized into different segments. Some of these are e- learning, distributed learning and technology- mediated learning. The term e- learning has been extensively used to define education and training which is supported by the Internet. A virtual learning environment (VLE) simplifies e-learning by supporting an information system. Teaching and learning is carried out through communication support, broadcasting educational material, storage and processing of the VLEs. In spite of the omnipresence of VLEs in teaching, much of the proof to support their use is unreliable or inefficiently established. The usage of VLEs by instructors and how they signify student learning has been a topic of debate for many researchers. They believe that an extensive theory should be available which is reliable and rigorous in order to authorize the usage and its complexities (Alavi and leidner 2001; Poccoli et al 2001). This dissertation will mainly focus on the difference between Knowledge which has become more accessible on the Internet and the process of teaching and learning which has changed, but not always improved due to Information Communication Technologies (ICTs). Furthermore, it will also discuss about the information society in a wider context. The title global auction warns that the info society anticipated in the 1980s has failed to generate jobs, instead computer programs are used to substitute for skilled workers (in accountancy, education, law, manufacturing and other occupations) who become unemployed. This is partly because the internet facilitates outsourcing of jobs from the West to China and India, so globalization is another issue which will be discussed. Virtual learning Environment Virtual learning environment (VLEs) are defined as computer based environments that are relatively open systems, allowing interactions and encounters with other participants and delivering a huge database (Wilson 1996, p 8). Furthermore, he suggests that VLEs differ from computer micro-worlds and classroom based learning environments where we use technologies as tools or in micro-worlds where students help themselves by entering a self- contained computer based learning environment. Computer aided instruction (CAI) or computer micro-worlds have many similarities with VLEs. For instance, materials can be fetched or accessed individually by learners; different paths can be followed through them and can be utilized in material displays discrepantly. Although we see, that the VLE concept is much different and broader than the CAI as it adds new dimensions to individual learning. Electronic interaction and discussion, building up new infrastructure for widely available network are some of the things encouraged by the VLEs (Wilson 1996). In a broader context, VLEs augment the progress of an individual not only in the corporate sector but also enable him or her to connect and share experiences with a larger learner-learner and instructors group. Chapter 2 Introduction It has been observed that e-learning or VLEs had been the central supporting system for the formal countenance of learning by enhancing predefined formats and learning objectives. Although, it has been in the human nature to learn informally on the unconscious level which is essentially not based on traditional exams or curricula, as a part of education to some extent. The learning outcome can largely be depended upon VLEs which support and guide the learning system. E-learning and technology enhanced learning are provided with support and recognition with the growth of Social media with their probabilities to communicate to a larger group, reflect, relate and collaborate. Research Review On a global frame, it has been examined that social media have excessive potential influence on e-learning and technology- enhancing learning, mostly within the framework of contemporary learning methods (Baird and Fisher, 2006). This impact is however partly technologically derived. The whole truth is, with the concept of web 2.0, learning is influenced technically as well as socially. They encircle the strong alliance of informal environments, the desire to engage with the learning groups beyond the classroom environment. Technologies like instant messaging (chat), wikis and weblogs are considered to be social media which enable users to publish and be a part of online communities as well as manage them in a broader scale (Schaffert, 2006). The publication and exercising of content is cheaper and more flexible unlike traditional media. Precisely, social media aims to connect with a broader mass by forming and supporting user groups and communities. This dissertation focuses on the usage of social media in teaching and acquiring knowledge in higher education. The promotional culture of social media highlighted the shift of contents from producer generated to user generated content within the Web 2.0 framework. The standard change in the context of technology-enhanced learning symbolized the shift from traditional e-learning, established upon courses and the phenomenal of learning module to an active cooperation of the learners and their support as a community for general interest. So much so, social media is predestined to augment traditional learning and also e-learning environments. In a typical university curriculum, promotion or cultivation of informal learning with formal one is not done but Social media makes this possible. Informal learning has had a parallel shift from pedagogical standards from behaviourism to constructivism. It has been suggested that informal learning was held valuable due to its characteristics of be ing passively progressive outside the so-called traditional teaching. For example, Workplace coordinated learning, where the amount of information is sought in a permanent basis. (Tochermann and Granitzer, 2008) Research Questionnaires and Outcomes I had taken an online survey which was responded by 100 people from different countries for this thesis which focuses on the articulation, development, application and evaluation of implemented situations for social media in the background of higher education. These implemented situations are designed to answer the most crucial questions listed below for my research questions. Subsequently, the outcomes for each are precisely summarized under the respective questions. Are you familiar with the applications and technologies under Web 2.0 i.e Social Networking sites, Blogging, Web content Voting, Tagging, and Bookmarking? Can you tell me which of these do you use or used for your education? This research question drew the fact that most of the students were familiar with the applications of Web 2.0 but had little knowledge about their impact on the society as a whole and how social media trends keep changing in a profound way. Most of them used Social Networking sites, completely unaware of publishing data. Moreover, this was used as the base to confirm their intent to use the internet. Were you introduced to E-learning during your education? Library Catalogues, E-books, E-journals? Do you communicate with your lecturers via mail? This question was also conducted for research amongst students to test their attitude towards e-learning. Except Wikipedia most of them had little or no interest in other user contents for education. How do you think the concepts of E-learning 2.0 be applied to your education, if you are a software development or software engineering student? While from the above answer it is apparent that most of them used Wikipedia as their learning source, weblogs also counted as the second application crucial to the implementation of e-learning 2.0. Weblogs had been newly introduced in the software development education as learning logs dated back in the 1990s when it was used as blogs only. HTML and FTP was used to publish web content. How do you think Peer Review or Self Reflection helps you when you get feedback online about your assessment or work? The concept of Peer Review has been augmented to provide better assessment of software development students for themselves as well as their peers. In this way, a new adaptation meant better work as they now became familiar to faster feedbacks and more collaborative online components. How do you think the concept of Social media can be used to refer to a larger audience globally? Can we think of distance learning without social media? If no then why? Use examples to support your answer. These questions aim to externalize knowledge and were used as an online mind mapping tool. Probing how they use visualization of information to their maximum abilities. This is the traditional way of new features in the social media education arena which enhances students to determine the possible outcomes of e-learning. Possible use of situations for education have been improvised and evaluated. What do you think about mobile learning in higher education? Does scrolling down a map while youre outside help you? You can explain what you think about location based services. Mapping materials provided possible mashups for location based services as it has been seen as the renaissance in the previous years. To support successful expedition in higher education, a collaborative system essentially location based and lightweight had been developed. Structure and Methodology The methodology applied to the analysis presented in this thesis is constructed on the notions of situations and services denoted to itemize the crucial topic of social media to clarify concrete problems and enable learning in definite situations. Situations or Plots Situations or schemes are the devices for improving our perception. A problem becomes insightfully manageable and can be better mastered by putting a composite set of events and relationships into a story. (Van der Heijden, 1997) A plot is an idealized but detailed description of a specific scenario (Young and Barnard, 1987). Furthermore, a plot is an informal approach widely used in provisional engineering (Alspaugh and Anton, 2008). One of the critical advantages is the comfort of the designer to predict outcomes before trying to specify them, making necessities more proactive in the advancement. (Carroll et al., 1998) These situations can be used to define and identify details of individual research investigation. Furthermore, developing evaluation situations for individual investigative goals can be used efficiently after research. In the scenario of education, the OECD puts forth the definition of situations for the research of expected education in order to administer a basis for stakeholders from different fields to establish long-term strategies. (OECD Publishing, 2006) In technology- enhanced learning, situations or schemes are used in the parameter of an activity-based instructive theory. In this instructive model, learning situations are described as a series of activities, a list of associated user roles, system tools which are applied, and the tutorial content (Helic, 2005). These schemes provide the fundamental assembly of the learning process within this methodology. In the background of this research, situations were used firstly to define the individual issue domains for specific aspects of social media to be adapted to education and thus, by providing concrete scenarios, simplify the possible influence on the learning process. Secondly, these situations describe a test of cases with the help of which the suggested solution can be evaluated to examine the validity of the access.

Role Of Mathematical Programming

Role Of Mathematical Programming Introduction In order to survive and lead todays highly competitive and demand driven market, there is a great deal of pressure on management to make economical decisions. One of the essential managerial skills is the ability to allocate and utilize resources appropriately in the efforts of achieving the optimal performance efficiently. Mathematical models have long played an important role in management and economics but it is only in the last few decades that management per se has received the sort of rigorous study that permits the application of mathematics. It is one of the primary tools used by operations researchers in making decisions. Mathematical programming Mathematical programming is the OR technique that has been most widely applied in management and economics. It has been used to solve a considerable range of problems in financial markets forming portfolios of equities, bonds, loans and currencies, generalized hedging, capital budgeting, cash management, insurance management, equity and bond index tracking, estimating the implied risk neutral probabilities for options, designing leveraged leases, computing the maximum loss sustained by shareholders, spotting insolvent banks, sorting out the failure of a stock exchange and understanding the forces leading to financial innovations. It deals with models comprising of an objective function and a set of constraints. An objective function is a mathematical expression of the quantity to be maximized or minimized. For example, manufacturers may wish to maximize production or minimize costs, advertisers may wish to maximize a products exposure, and financial analysts may wish to maximize rate of return. Constraints are mathematical expressions of restrictions that are placed on potential values of the objective function. For example, production may be constrained by the total amount of labor at hand and machine production capacity, an advertiser may be constrained by an advertising budget, and an investment portfolio may be restricted by the allowable risk. Symbolically, mathematical models in operations research may be viewed generally as determining the values of the decision variables which will Optimize subject to The function is the objective function while represents the constraint, whereis constant. The constraintsare the non-negativity constraints. In general,optimization of the objective function signifies either amaximization or minimizationof this function. The types of the objective and constraint functions of a mathematical model depend directly on the systems which they represent. Thus, these functions may be linear or non-linear. Also the decision variables may be continuous or discrete and the parameters of the system may be deterministic or probabilistic. The result of this diversity in system representation is the development of a corresponding number of optimization techniques suitable for solving these models. These mainly include linear programming, integer programming, goal programming, non-linear programming, dynamic programming, and stochastic programming. The Mathematical Programming Approach There is an orderly sequence of steps that is followed for a systematic formulation, solution and implementation of a mathematical programming model. These steps could be applied to the development of any management science model. Although the practical applications of mathematical programming cover a broad range of problems, it is possible to distinguish five general stages that the solution of any mathematical programming should follow. These stages along with their main characteristics are as follows : A. Formulating the Model The first step to be taken in a practical application is the development of the model. The following are the elements that define the model structure : Selection of a time horizon Selection of decision variables and parameters Definition of constraints Selection of the objective function B. Gathering the Data After defining the model, the data required to define the parameters of the model must be collected. This involves the data regarding the objective function coefficients, the constraint coefficients and the right hand side of the constraints. C. Obtaining an Optimal Solution Due to the lengthy nature of calculations required to obtain the optimal solution of a mathematical programming model, a digital computer is invariably used in this stage of model implementation. Nowadays, all the computer manufacturers offer highly efficient codes to solve mathematical programming models. D. Applying Sensitivity Analysis Sensitivity analysis, also called post-optimum analysis, is performed on the optimal solutions obtained for the linear programming problems originally formulated. This analysis is important for several reasons : Data uncertainity Dynamic considerations Input errors E. Testing and Implementing the Solution Once the optimal solution is obtained, it should be tested fully to ensure that the model clearly represents the real situation. The importance of conducting sensitivity analysis as part of this testing effort has already been discussed. If the solution is unacceptable, new refinements have to be incorporated in the model and new solutions obtained until the mathematical programming model is adequate. When the testing is over, the model can be implemented. Implementation usually means solving the model with real data to reach a decision or a set of decisions. Types of Mathematical Programming A. Linear programming Linear programming is one of the most successful disciplines within the field of Operational Research. It arose as a mathematical model developed during the second world war to plan expenditures and returns in order to reduce costs to the army and increase losses to the enemy. It was kept secret until 1947. Post war, many industries found its use in their daily planning. Linear programming is a technique for making decisions under certainity i.e.; when all the courses of options available to an organization are known in advance and the objective of the firm along with its constraints are quantified. Out of all the possible alternative that course of action is chosen that which yields the optimal results. Mathematically, linear programming problem calls for finding non-negativeso as to maximize a linear functionsubject to a system of linear equations : There are two extensions of Linear programming which are as follows : a) Integer Linear programming The Integer Linear Programming (ILP) is an extension of Linear programming where all of the variables must only take on integer values. b) Mixed Integer Linear Programming The Mixed integer Linear Programming (MILP) is also an extension of the Linear programming, but some of the variables must take on integer values while others take on real values. B. Quadratic programming Quadratic Programming is a special type of mathematical optimization problem. It is the problem of optimizing (minimizing or maximizing) a quadratic function of several variables subject to linear constraints on these variables. C. Goal Prgramming Goal Programming is promulgated as an aid for decision-making problems with multiple, possibly conflicting goals. In a typical goal programming model, each goal is formulated as a constraint. There are two variables associated with each goal (each constraint), over-achievement deviation and under-achievement deviation. The value of these two deviational variables measure how well the corresponding goal is accomplished. An objective function in a goal programming formulation is usually a linear function in deviational variables. Specifically, the objective function takes the weighted summation of the deviational variables. The weights assigned to a deviational variable indicate the importance of the corresponding goal in decision-making process. The objective is thus to minimize the weighted sum of deviations from goal achievement, i.e., to accomplish the best overall achievement. D. Dynamic Programming Dynamic Programming is a mathematical programming technique which fragments a large problem into several smaller problems. The approach is to solve the all the smaller, easier problems individually in order to reach a solution to the original problem. This technique is useful for making decisions that consist of several steps, each of which also requires a decision. In addition, it is assumed that the smaller problems are not independent of one another given they contribute to the larger question. E. Stochastic Programming Many optimization problems are described by uncertain parameters. When these uncertain parameters can be considered as random variables and have known probability distributions, new optimization problems can be formulated that involve expected values of these random variables. In this manner, a new problem (called the deterministic equivalent) is obtained that removes the uncertainty and results in a deterministic optimization problem. This is the approach of Stochastic Programming. Application areas of Mathematical Modeling The applications of mathematical modeling in management and economics today are so manifold that it is difficult to list them down. A few of the major application areas of mathematical models are as follows :

The Mask of Horror: Eating Disorders Essays -- Bulemia and Anorexia ner

In this Golden age of humanity with technology at the fingertips of mankind and world wide global awareness, it's hard to imagine from the comfort of well lit homes, a large population of the human race lives without fresh water and a nourishing daily meal. In the United States of America it has been said of an over abundance of food, though many of the citizens are forced to consume highly processed ready made meals in order to survive due to poverty. These meals are high in fat, sodium and of course, calorie, leaving the consumer with extra weight. This leads to the image of "'merica" with over weight men and women on scooters. While some of this is actually a result of poor self control or a medical issue, many can attribute it to having a very low income and the substance affordable is akin to garage. "Big" a book by some author, chronicles a young women who is very overweight by the design of her home environment. Her mother is disabled, obese and living off the government. She gets a job, goes to fat camp and learns why she can never loose weight. With all of this in mind, not to mention the idolization of stick thin models and actors, its not hard to figure out what the mind of an adolescent will conclude. Weight equals prosperity; being heavy is unsuccessful and ugly, whist-while bones and tight skin stretched over cranium is attractive and desirable. This of course calls Eating disorders to mind; Anorexia nervosa, Blumina, and EDNOS (eating disorder not diagnosed). In light of what is going on in the world today, eating disorders seem farfetched and frivolous. Anorexia Nervosa could be considered a classic example of a serious eating disorder as it is defined as having a fatal a... ...he common world. Through isolation and ostracization of these individuals who developed these disorders when they should have been refining common social skills and relationships, they become set apart and put on stage as having an ideal figure or made to be a kin to circus freaks. The solution is a difficult but simple one, the individual in question has to learn to accept whatever may have caused them to trip down this violent and dangerous road to adulthood and left unchecked, the grave. Works Cited http://www.2medusa.com/2009/01/anorexic-bulimic-pro-ana-mia-some-tips.html http://www.drphil.com/slideshows/slideshow/6707/?id=6707&slide=2&showID=1774&preview=&versionID= http://www.thewhitegoddess.co.uk/the_goddess/goddess_glossary.asp http://www.nami.org/Template.cfm?Section=By_Illness&template=/ContentManagement/ContentDisplay.cfm&ContentID=7409

Contrary Interpretations of The Yellow Wallpaper -- The Yellow Wallpape

Contrary Interpretations of The Yellow Wallpaper   Ã‚   â€Å"The Yellow Wallpaper† was first published in New England Magazine in 1892.   Charlotte Perkins Gilman, an advocate for the advancement of women, authored the short story.   She intended the piece to bring to light the inherent ineptitude of the Weir Mitchell â€Å"rest cure.†Ã‚   Though this subject is addressed, many other pertinent topics are broached, ever so subtly.   Other themes in the book include the role of women in a society dominated by men, the role of the mother, and how oppression can affect the mind of a creative individual.   These themes, however, can be altered merely by how the tale is edited.   I intend to point out some of the pertinent differences that exist between the full text of the story and an abridged version, describing how they give the same story contrary interpretations.     Ã‚  Ã‚  Ã‚  Ã‚   To better understand the differences I will be noting, one may find it helpful to be familiar with the basic plot of â€Å"The Yellow Wallpaper.†Ã‚   Both versions relate the story of a woman losing her mind.   She has not been feeling well for some time, so her husband, a physician, decides a summer spent relaxing in the country would benefit her.   While there, she is forbidden to write in her journal, as it indulges her imagination, which is not in accordance with her husband’s wishes.   Despite this, the narrator makes entries in the journal whenever she has the opportunity.   Through these entries we learn of her obsession with the wallpaper in her bedroom.   She is enthralled with it and studies the paper for hours.   She fancies she sees a woman trapped behind the pattern in the paper.   The story reaches its climax when her husband must force his way into the bedroom, only to find... ...woman being driven mad by her position in life.   The wallpaper merely serves as a catalyst for her breakdown.   This interpretive discrepancy, as well as the loss of authenticity and finally the weakening of John’s power, ultimately leaves the two versions of â€Å"The Yellow Wallpaper† open to varying interpretations.       Works Cited Gilman, Charlotte Perkins.   The Yellow Wallpaper.   Ed. Dale M. Bauer.   Bedford Cultural Edition.   Boston: Bedford/St. Martin’s, 1998. ---. â€Å"The Yellow Wallpaper.†Ã‚   Great American Short Stories.   Pleasantville: Reader’s Digest, 1977.   195-206. Works Consulted Golden, Catherine, ed. The Captive Imagination: A Casebook on "The Yellow Wallpaper." New York: Feminist Press, 1992 Kasmer, Lisa. "Charlotte Perkins Gilman's 'The Yellow Wallpaper': A Symptomatic Reading." Literature and Psychology. 36, (1990): 1-15.   

Corporate Taxation Essay

1. The definition of property as it relates to a section 351 transaction includes money. (TRUE) 2. A taxpayer always will have a tax basis in boot received in a section 351 transaction equal to its fair market value. (TRUE) 3. Mandel transferred property to his new corporation in a section 351 transaction. One of the properties transferred was land with a fair market value of $200,000 and a tax basis of $250,000. The corporation will always take a tax basis in the land of $200,000 to prevent the â€Å"built-in loss† from being transferred from Mandel to the corporation. (FALSE) 4. Han transferred land to his corporation in a section 351 transaction. Han had held the land for two years prior to the transfer. The corporation will tack Han’s holding period for the land. (TRUE) 5. Roberta transfers property with a tax basis of $400 and a fair market value of $500 to a corporation in exchange for stock with a fair market value of $350 in a transaction that qualifies for defe rral under section 351. The corporation assumed a liability of $150 on the property transferred. What is the amount realized by Roberta in the exchange? ($500) 6. Antoine transfers property with a tax basis of $500 and a fair market value of $600 to a corporation in exchange for stock with a fair market value of $550 in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $50 on the property transferred. What is Antoine’s tax basis in the stock received in the exchange? ($450) 7. Carlos transfers property with a tax basis of $500 and a fair market value of $800 to a corporation in exchange for stock with a fair market value of $650 and $50 in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $100 on the property transferred. What is the corporation’s tax basis in the property received in the exchange? ($550) 8. Tristan transfers property with a tax basis of $900 and a fair market value of $1,200 to a corporation in exchange for stock with a fair market value of $900 and $200 in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $100 of the property transferred. What is the corporation’s tax basis in the property received in the exchange? ($1,100) 9. Ashley transfers property with a tax basis of $5,000 and a fair market value $3,000 to a corporation in exchange for stock with a fair market value of $2,000 and $500 in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $500 on the property transferred. What is Ashley’s tax basis in the stock received in the exchange? ($4,000) 10. Which of the following statements best describes the concept of control as it applies to a section 351 transaction? Control is defined as the ownership of 80 percent of more of a corporations voting stock and 80 percent or more of the total number of shares of each class of nonvoting stock.

What kind of relationship does God want with us

There is a great story behind creation which made man wonder who the superior being is, and from scratch it eventually evolves to a deeper relationship of mankind with God. There are series of stages wherein the people began to be aware of God’s existence and atheism or paganism gradually lost its concept because they become attractive to the doctrines of the church leaders which merely addressed human needs superior than their foe. A religious movement was started in first century by Judaism before they had favored the religion of the Roman Empire. 000 years ago in Judea, Christianity started with Jesus Christ, a Jew, together with His disciples who are faithful to him (Pierrakos, 1996). By that time, Jews hated Roman rule as it was governed by the Emperor of Rome and their beliefs are pagan and it is disturbing to Jewish life. The Jews studied the Jewish law and wait for the eventual coming of their promised Messiah and so the ministry of Jesus began. Jesus’ disciples were taught the â€Å"new covenant† wherein God will bring to humanity through Him. Mankind lost its relationship with God because of sins which is why, the new covenant comes to purpose that those who accept it will have a renewed fellowship of forgiveness and love with God. This covenant happened when Jesus died on the cross to pay for the sins of all humanity. Three days later rose again to become their Messiah. Since His disciples began to proclaim this gospel of hope, the Church has then been built, and the Christian faith has since spread to the world. When we take a glimpse of it, we can see that the history Christianity's origin seems improbable for people living in the 21st century to consider such events in reality took place. On the other hand, the Christian faith has been a key importance to mankind. So when the church stood up and was established, sermons had been preached by the priest where the first Roman Catholicism emerges. There has been a promise of salvation so the people started to attend the mass every Sunday and asked God for blessings and grace. Man found himself in the likeness of God. God also gave us freewill and we have the power to choose whether we want to believe him or not. What is good about God is that there are people who believe in him because he has many faces. And with this, no two people believe in exactly the same God. Every person has his or hers own individual image of God, thus, different religions arises like Protestants, Catholic, Orthodox and the like. From then on, man’s relationship to god becomes intimate and it is usually done through prayers. God as what people believes to be the creator of everything, has been the ultimate source of everything and since he sent his son, Jesus, people have faith that they will be saved when the judgment day comes. It is by faith that we can recognize and believe the death of Christ as payment for our sins. We can feel that is only by faith that we had a relationship with God; however, it will also show us that faith in God seems to deepen by showing our desire to follow His will, and try to follow the life that Christ lived while He was on earth. The development of mans relationship with God has been started several decades ago and now, we are enlighten that we should be in union with Him if we want to be saved. Numerous messengers from heaven tried to teach the world how to serve God. Relationship becomes deeper when there is a give and take bond and so, we should abide by the rules that He has given us. This relationship with Him tends to be a give and take since man received blessing from God ,hence, man should serve God not only by going to His house and praise Him or pray for selfish favors, but by doing good to our friends, neighbors, relatives and even enemies. What unites man with God is love and it allows man to find peace and harmony with every creation which was wholly developed that allows one to reach the union with God.