Monday, May 25, 2020

Macroeconomic Variables Of The Stock Market - 974 Words

Executive Summary The belief of macroeconomic variables influencing the stock market has been a highly debated discussion for the past decades. There has been no clear conclusion whether or not macroeconomic variables impact the stock market or inversely. The importance of this study have been increasingly critical as not only stock agents find the critical importance but the government to implement macroeconomic policy; the solid finding of this relation will enable policy makers to efficiently and effectively control the economy as well as the capital market. We aim to cover some relationship between macroeconomic indicators, including consumption, interest rate unemployment rate and inflation rate, and with stock price. Stock price or†¦show more content†¦As a result, the correlation between consumption growth and stock returns is higher than average due to the high total wealth. Consequently, it is possible to see a positive correlation between the consumption and stock return (Li and Zhong 2010) Stock price or return and interest rate The interest rate controlled by the Federal Reserve has a significant role in influencing the consumers’ and firms’ consumption and investment behaviors. This as a result indirectly affects the stock market. McCue and Kling (1994) claimed that US the fluctuation in the nominal interest rate has affected approximately 36% or higher in terms of the fluctuation real asset returns. Assuming rationality, this is because a decrease in interest rates to investors will decrease opportunities to make income from investments. The model that best supports the correlation between stock return and interest rate is the capital asset pricing model as shown in appendix A (Hoe 2002, p. 140). The interest rate is embedded in Beta which captures the systematic risks; also, higher interest rate means a higher beta, which ultimately increases the expected return of the asset. However, as Beta increases the risk of these asset increases and rational agents will have to be rewarded for having an asset with higher systematic risk. Stock price or return andShow MoreRelatedThe Role of Macroeconomic Variables in the Financial Market673 Words   |  3 PagesMacroeconomic variables play a significant role in the financial market and when it is properly used it can be a precious resource for the investors and traders. By understanding the integration between the macroeconomic variables and the stock market will guide investors a long way to make better investment decision. The key objective of the study is to investigate the impact and the relationship of six selected macroeconomic variables namely, Consumer Price Index(CPI), Gross Domestic Product(GDP)Read MoreQuestions On Arbitrage Pricing Theory1493 Words   |  6 Pagestheory (APT) as an alternative to the capital pricing model, many economists and investors have applied APT across different markets. Whereas the traditional capital pricing model explained asset returns with one parameter beta, sensitivity to the market return, APT decompose the return with mul tiple number of factors. As the theory does not require any specific sets of variables to be used, many different factors have been tested. Indeed, the biggest challenge of most studies has been identifying whichRead MoreCorrelation Between Stock Market Returns, Inflation, And Money Growth Essay1621 Words   |  7 PagesThere is a significant correlation between stock market returns, inflation, and money growth. The effects of macroeconomic variable on equity returns are nonlinear and time variant. This characteristic makes the study of these effects difficult. I estimate a GARCH model of monthly returns of SP500, where realized returns and their volatility depend on 11 macro announcements. The purpose of this paper is to see which macroeconomic factors affect aggregate stock returns most during 2008 financial crisisRead MoreTheory Of Behavioral Finance : An Investor Sentiment Index And Quantify Its Impact On Stock Prices Essay1111 Words   |  5 PagesIntroduction Large price fluctuations could be explained not only by the new information on future dividends as efficient market model says, but also by factors such as the investor sentiment. Baker Wurgler (2007) construct an investor sentiment index and quantify its impact on stock prices. Despite their important contribution to the theory of behavioral finance, their conclusions are subject to debate. The main objective of this article is to summarize, evaluate, and offer a critical view onRead MoreThe Arbitrage Pricing Theory ( Apt )1084 Words   |  5 Pagesapplied APT across different markets. Whereas the traditional capital pricing model explained asset returns with one beta, sensitivity to the market return, APT decomposes the return with a multiple number of factors. This idea became particularly popular for investors who aim to gain systematic risk other than market risk. However, the model specification aspect has been challenging to many practitioners as the theory does not require any specific sets of variables to be used (Azeez 2006). NewRead MoreFinal Project Part I Milestone One: Supply, Demand, and Market Equilibrium855 Words   |  4 PagesFinal Project Part I Milestone One: Supply, Demand, and Market Equilibrium Click Link Below To Buy: http://hwaid.com/shop/final-project-part-i-milestone-one-supply-demand-and-market-equilibrium/ Apple is the Company and the product is IPhone 6 3-2 Final Project Part I Milestone One: Supply, Demand, and Market Equilibrium This milestone, which covers Section II of Final Project Part I, should be a paper structured as follows: 1. Describe the price elasticity of supply or demand forRead MoreUnit 8 Answers1388 Words   |  6 Pages1) Long-run Macroeconomic Equilibrium and Stock Market Boom Let us assume the economy reaches its long-run macroeconomic equilibrium in 2020. When the economy is in the long run macroeconomic equilibrium, the stock market will also reach its boom. This will in turn lead to increases in stock prices more than expected, and the stock prices will stay high for some period. Answer the following questions based on the scenarios of long macroeconomic equilibrium and consequent stock market boom. a)Read MoreDimensional Fund Advisors Case Analysis Essay1337 Words   |  6 Pages1) DFA’s investment strategy is based on their belief in the principle that stock market is efficient. They attempt to match a broad-based, value-weighted small-stock index and position themselves in the market as a passive fund manager that still claimed to add value by capturing specific dimensions of risks identified by financial science. DFA’s investment strategy incorporates elements of both passive and active management. It is passive in the sense that like many other index managers, itRead MoreStock Price Index In China Case Study767 Words   |  4 PagesAn extensive amount of research from a variety of advanced countries has documented the macroeconomic effects on stock price indexes, with a majority of economists agree on the significant influence (Masuduzzaman, 2012; Chaudhuri and Smiles, 2004; Cheung and Ng, 1998; Chen, Roll and Ross, 1986; Fama and Schwert, 1977). However, in developing countries, while some research on the exploration of the relationship has been conducted, the conclusions are controversial (Robert, 2008; Wongbangpo  and  SharmaRead MoreThe Evolution of Islamic Finance and Financial Institutions697 Words   |  3 Pagestransactions in accordance with the rules and principles of Islam. One of the most growing parts of the Islamic finance is Islamic equity market. In principle, Islamic equity market is characterized by the absence of interest based transactions, doubtful transactions and unlawful stocks of companies which deal in non-shariah compliance activities or items. Its market activities must be free from any of unethical or immoral elements. The emergence of several Islamic indices such as the Dow Jones Islamic

Thursday, May 14, 2020

Modern Features of A Farewell to Arms Viewed Trhrough...

A Farewell to Arms by Ernest Hemingway is considered one of the great novels of World War I. It introduces the theme of love, while war occupies all of Europe. It is a complex novel with many characteristic aspects of modernism. After looking into Hemingways biography, the reader can tell that he included details from his personal life in his novel. He based the main character Frederic Henry upon his own experience as an ambulance driver during World War I. He made him a hero who develops and changes throughout the novel. Henrys relationship with British nurse Catherine Berkeley is based on Hemingways faded love affair with the beautiful American nurse he met while recovering from his wounds at a Milan hospital just like his†¦show more content†¦Their life story incorporates many modern characteristics, including the loss of major religious belief, abandonment of traditional rules, and a sense of isolation, rejection, and disappointment. Hemingway decides that it is easier to show how meaningless and catastrophic the war is through an individual caught in it. The individual is Frederic Henry, a former architecture student who joins the Italian army. Throughout the novel, the author shows how Henrys personal attitude changes. He progresses from a drinking, depraved soldier to a loving, caring husband. When he joins the army he does not have many feelings. He takes love and war rather lightly. He does not believe in honor and glory and does not have any particular goal in his life. He says: Well, I knew I would not be killed. Not in this war. It did not have anything to do with me. It seemed no more dangerous to me myself than war in the movies. I wished to God it was over though. Maybe it would finish this summer. Maybe the Austrians would crack....I wanted to go to Austria without war. I wanted to go to the Black Forest. I wanted to go to the Hertz Mountains...They were fighting in the Carpathians. I did no t want to go there anyway... I could go to Spain if there was now war (37). His life seems to be empty: I went out the door and suddenly I felt lonely and empty (41). Henry eats and drinks heavily and

Wednesday, May 6, 2020

The Transition Of Art, Music, And Literature From The...

Santosh Gering Hum 252 Test 2 Prof. Andrea Donovan â€Å"Discuss the art, architecture, music, or literature from the Gothic age through the Renaissance. Talk about the development of art, architecture, music, or literature during this period, the significant issues, technologies, or styles, and some of the cultural or social influences. Finally, list at least six individuals and their work that provides examples from your discussion.† Comprehensive Essay The transition of art (incorporating the art spanning from paintings and architecture) from the Gothic Age all the way to the High Renaissance was, in my opinion; one of the most physical forms of the development and growth of the European culture. The intuitive designs that were born throughout the centuries are still alive today. Byzantine art is the name for the imaginative products of the Eastern Roman Empire, as well as the nations and states that inherited culturally from the empire. Though the empire itself emerged from Rome s decline. Many Eastern Orthodox states in Eastern Europe, as well as to some degree the Muslim states of the eastern Mediterranean, preserved many aspects of the empire s culture and art for centuries afterward. A number of states contemporary with the Byzantine Empire were culturally influenced by it, without actually being part of it (the Byzantine commonwealth). These included Bulgaria, Serbia, and the Rus, as well as some non-Orthodox states like the Republic of Venice and the Kingdom ofShow MoreRelatedThe Transition Of Art, Music, And Literature From The Gothic Age Through The Renaissance1261 Words   |  6 Pagesâ€Å"Discuss the art, architecture, music, or literature from the Gothic age through the Renaissance. Talk about the development of art, architecture, music, or literature during this period, the significant issues, technologies, or styles, and some of the cultural or social influences. Finally, list at least six individuals and their work that provides examples from your discussion.† Comprehensive Essay The transition of art (incorporating the art spanning from paintings and architecture) from the GothicRead MoreA Brief Look at the Renaissance939 Words   |  4 PagesThe renaissance sparked an influential cultural movement by art, architecture, and music. Renaissance was a period of time from the 14th to the 17th century that affected Europe. During the renaissance people learned art and literature. The renaissance was the period of transition, from the medieval to modern times. The renaissance began in Italy during the 14th century as early as the painters Giotto and Cimabue. During the Renaissance people witnessed â€Å"the discovery of the world† and the â€Å"discoveryRead MoreRenaissance Art And The Postmodern Frame1245 Words   |  5 PagesArt throughout history have challenged the values and attitudes of their contemporary society. With a focus on the postmodern frame, Artists have used and changed art conventions such as the Salon des Refusà ©s and using the wor ld as a source of ideas to create artworks. These artists include Leonardo Da Vinci from the Renaissance movement and Claude Monet from the Impressionism movement. The artist Chiharu Shiota and Lee Bul have also used the art convention Biennale and the world agent to createRead MoreA 12th Century Renaissance Essay1883 Words   |  8 PagesRenaissance is defined as the activity, spirit, or time of great revival of art, literature, and learning. Was there a twelfth-century renaissance? This is a question that still beckons an answer, and is often a topic of debate among modern historians. By definition, one can break it down: Was there a spirit of revival of a classical theme regarding the subjects mentioned above? Surely there was, and with author R.N. Swansons The Twelfth-century Renaissance as a guide, we can investigate justRead MoreBaroque Vs. Baroque Era1495 Words   |  6 Pagesdescribe what was thought to be a messy, vaguely disgusting style. Potentially coming from the Span ish words barrueco meaning a rough or imperfect pearl or â€Å"berruca† the term for â€Å"wart†, Baroque came to be a generalized term for art, architecture, music, and sculpture from the 16th century to the early 18th century (Klindt-Jensen 2015). Not only was the â€Å"Baroque period† long lasting, but it was far reaching as well. From Holland to Spain, Germany to France, the Baroque style began in Rome and ItalyRead MoreEssay about Religion’s Profound Effect on Musical Development3660 Words   |  15 PagesSo its not surprising that music, one of man’s earliest expressive forms, has also been influenced by religion. Religion has had an effect on man’s music all throughout history, from the early Egyptians to even now. So it is only natural that Western music should also have been affected by religion. Western music, and its development by composers, has been strongly influenced by the Christian religion, especially in the Medieval, Ren aissance, and Baroque periods. The music in these periods laid theRead MoreGothic Style and Its Influence on Modern Day Concept Arts Essay5432 Words   |  22 PagesTitle: The Study of Gothic Style and Its Influence on Modern Day Concept Arts Introduction: Gothic art flourished from the 12th century to the 16th century in Europe in response of the Byzantine and Romanesque tradition. Although Gothic is associated with arts, its most prominent use is in architecture, mainly for its pointed arch and flying buttress. To this day, the Gothic style is taken as a ‘label’ for visual arts such as concept art designs, yet the meaning stray from the original contextRead MoreEssay on Classicism Versus Romanticism in Tom Stoppards Arcadia2221 Words   |  9 PagesTom Stoppard is one of the finest playwrights of the modern age. Some of his well-known plays are Rosencrantz and Guildenstern are Dead, The Coast of Utopia, Every Good Boy Deserves Favour, Professional Foul, The Real Thingand many more.The finest of all his plays is Arcadia.The literary meaning of the term â€Å"Arcadia† inspired Tom Stoppard to write his play Arcadia. It was titled â€Å"Et in Arcadia ego†. â€Å"Arcadia† actually means a vision of past oralism and harmony within nature. The Greek province ofRead MoreHumanities11870 Words   |  48 Pagesoverview on the subject of art appreciation for those entirely new to the subject. This is a complex topic to deal with and it is impossible to have a truly comprehensive discussion on the topic in such a brief essay. The student is advised to consult more advanced texts to gain further understanding of how to appreciate art more fully. HUMANITIES: What is it? †¢ The term Humanities comes from the Latin word, â€Å"humanitas† †¢ It generally refers to art, literature, music, architecture, dance andRead MoreEssay about Summary of History of Graphic Design by Meggs14945 Words   |  60 PagesChapter 1: The Invention of Writing - From the early Paleolithic to the Neolithic period (35,000 BC to 4,000 BC), early Africans and Europeans left paintings in caves, including the Lascaux caves in Southern France. - Early pictures were made for survival and for utilitarian and ritualistic purposes. - Petroglyphs are carved or scratched signs on rock. - These images became symbols for what would be the first spokenlanguage. - Cuneiform – Wedged shaped writing, created in 3000BC. Started

Tuesday, May 5, 2020

Essay on Poverty And Its Effects On America Essay Example For Students

Essay on Poverty And Its Effects On America Essay Poverty is usually referrer as the condition of having little or no money, but in some circumstances it can also be described as lack the means of support. According to Global Issues in the Causes of Poverty, over three billions of people live on the wages less than 2.5 dollars per day and 1 billion children, which is equivalent to one in every two children in the world, live under the condition of lacking shelter, safe water, or health services. There is also a huge misconception about the abundant food around the world. However according to the United Nations, there are still about 20,000 people die everyday by hungry or poverty related causes. Even though extreme poverty is not very common in the United States, it is a huge problem for many nations around the world. The income disproportion within the nation is a huge problem since the most wealth are control in hand of small population and the rest of the people share a little or no resource. Overcome poverty is also the start point to achieve any other sustainable goal, because people will only worry about the surrounding whenever they fulfill their basic needs. The population that is primarily effected by the poverty are mostly the underdevelopment nations. Huge population in the nation depends on the agriculture for wealth and even with the support of the developed country, a natural disaster still can cause the entire nation to have a tremendous hardship. Because the lack of the health care, most of the destitute family have a higher mortality rate and need more children to carry on the responsibility. The poverty will also cause the lack of education within the children, because they simply need to work for their family’s food. If we continue this bad loop, the situation. .tion in any government. Follow by the lead of the vanguard, I want everyone to promote others with the idea and help everyone to realize the situation. Even though it is easy for just talk about the problem, I want my actions to create the grass root movement among the society and make others understand the importance of education and end poverty gap. In conclusion, the terrible outcomes lead by the poverty can not only effect us right now, but also damage the life of the next generations. Poverty is more than just lack of incomes; it is also the limitation in the resources to ensure a sustainable livelihood or even the access to education and other social services. The path to overcome poverty is definitely not easy and the cost will be gigantic, but if everyone is united for fighting against the global issues, together we can create a better world for the future.

Saturday, April 11, 2020

Startup.Com Movie Reaction Paper Essay Example

Startup.Com Movie Reaction Paper Essay Startup. com shows the perils of going into business with a shaky business plan. It shows the initial excitement, the rise and fame, the bumping of heads and the eventual downfall. Such is the story of govworks. com, the documentary, startup. com covers it’s first, and only, year in business. Long-time friends, Tom Herman and Kaleil Isaza Tuzman, had a great business idea, with a large market, and little competition. They took something that nearly everyone goes through, and marketed it in a more efficient way. They wanted to make the DMV more efficient, specifically; they wanted to allow consumers to quickly and securely pay their traffic tickets online. This business plan parallels Netflix in many ways, as it took something that we were already doing, renting movies, and making it easier. With the internet booming and more and more people having access to computers and internet, Govworks. com soon exploded. They went from a one-room office with a tiny staff to over 200 employees and a net worth in the millions. However, like many internet startups of that time, Govworks. com was not a success, and by 2001, the company had let go of almost all its employees, and it was eventually overtaken by another company. â€Å"GovWorkss failure is a textbook example of the perils of grandiosity†(footnote1) . Over and over again we have seen examples of companies that have gone too big too fast, and GovWorks was one of them. Rather than just focusing on one aspect or one city, they wanted to spread out in as many places as possible as fast as possible. We will write a custom essay sample on Startup.Com Movie Reaction Paper specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Startup.Com Movie Reaction Paper specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Startup.Com Movie Reaction Paper specifically for you FOR ONLY $16.38 $13.9/page Hire Writer A similar plan was used by Fresh Samantha, in that they wanted to spread in as many places as they could, as quickly as they could, which may have led to their eventual overtaking by Odwalla. Tuzman wanted to claim the first stake in the online government payment firm. He wanted to be the forerunner, the one who set the standard, and ultimately, the one that brought in all the money. What he failed to realize is that every great business takes time to develop, to tweak and to find its niche. Although I understand the reasoning behind wanting to be the first in an industry, the risks of going under far outweigh the rewards. A company that conversely was very successful in finding its niche is Geek Squad. When given the opportunity to expand they were hesitant, and took their time. They built their brand, then expanded, while GovWorks expanded before having a chance to see how the company would grow in the long-term. Another thing that led to their downfall was that Herman and Isaza Tuzman found themselves butting eads in the way the company was run. They displayed a lack of training about the fundamentals of making an Internet firm work; Hermans low-key personality clashed with Isaza Tuzmans business-first approach, and eventually Herman was forced out of the company he had helped to found by his longtime friend. While going into business with another person can be an asset, it’s always key to remember the boundaries of business and friendship. When two people don’t meet eye to eye on the basics of how they want their business to run, it’s a recipe for disaster. Going into business doesn’t just involve a good idea. It involves planning and knowing how to use the right people in the right resources. Bill Stewart explained how although he knows a lot about packaged foods, he doesn’t know everything, and he knows when to bring in other people who know what they are doing to help further his company. It also involves knowing what parts of your business to expand, and when. One huge factor that Herman and Tuzman missed was having a trial run of their project, to forecast how it would pan out in the future. Again, Geek Squad is a great example of knowing when to hold back and when to expand. Knowing all of these things now, it makes sense that their firm failed, however at the time, I can only imagine how they must have felt while their dream was spiraling downward. 1 Kuemmerle, Walter. Harvard Business Review. â€Å"A Test for the Faint Hearted† p. 6. May 2002. http://www. pencom. gov. ng/download/seminars/A_test_for_the_Fainthearted. pdf

Tuesday, March 10, 2020

12 Crude But Funny South Park Quotes

12 Crude But Funny South Park Quotes South Park is not for the faint-hearted. It could offend the sensibilities of those who cant handle in-your-face, raucous humor. South Park humor is racist, sexist, chauvinistic, and offensive. Despite the vulgarity, South Park scores high with fans. What Makes South Park Such a Popular Series In the words of some die-hard South Park fans, it is the only intelligent show that takes jabs at hypocrisy and the pretentious world we live in. Be it politics, social structures, or family values, the animated series has something to say about everything. When you look at the world through the eyes of social misfits like Eric Cartman, you see how our beliefs are based on a bunch of misplaced values. South Park Characters Take for instance South Parks most loved (and most obnoxious) character, Eric Cartman. He resembles that kid at school whom everyone loves to hate. He is a narcissistic, foul-mouthed, devious kid who has little regard for society or people. Yet, Eric Cartman is known for his biting truth. Stan and Kyle are best friends, though they often disagree. Stan is a knowledgeable friend, and he often ponders life issues. Kyle is a Jewish boy, who, though proud of his roots, often displays self-doubt. Eric Cartmans anti-Semitic views are targeted to make Kyles life miserable. The whole TV series has profanity galore, with crude language, abusive words, and politically incorrect jokes that are projected as humor. Despite its negative energy, South Park has managed to create waves in viewership. South Parks debauched satire has won many awards, including five Primetime Emmy Awards and a Peabody Award. In 2013, TV Guide ranked South Park the 10th greatest TV cartoon of all time. Crude But Funny South Park Quotes   The humor is bizarre and often repugnant, but if you dont mind the politically incorrect language, you will have a wild time. Season 1, Episode 4: Big Gay Als Big Gay Boat Ride:Sportscaster Frank:  I havent seen an Englishman take a blow like that since Hugh Grant!Season 1, Episode 7: Pinkeye:Eric Cartman:  Kenny’s family is so poor that yesterday, they had to put their cardboard box up for a second mortgage.Season 1, Episode 2: Weight Gain 4000:Wendy: Dude, dolphins are intelligent and friendly!Eric Cartman: Intelligent and friendly on rye bread, with some mayonnaise.Season 5, Episode 11: The Entity:Jewish Kid: Is anyone else having problems concentrating on this? I just cant seem to concentrate.Eric Cartman: Maybe we should send you to a concentration camp.Season 10, Episode 7: Tsst!:Eric Cartman:  Ive lost almost 10 pounds now. You see what I mean? I totally know what its like to be a Jew in the Holocaust now.Season 4, Episode 6: Cherokee Hair Tampons:Eric Cartman:  Hippies. Theyre everywhere. They wanna save Earth, but all they do is smoke pot and smell bad.Bigger, Longer Uncut:Satan:  Without evil there could be no good, so it must be good to be evil sometimes. Season 17, Episode 10: The Hobbit:Stan:  There have been malicious rumors started at this elementary school that my beautiful fiancà ©e is a Hobbit. That is not funny and it is not true. Yes, she is heavier than most of her pictures show her to be. Yes, she gets her hair lasered off her body and yes, she has a friend named Gandalf, who happens to be a wizard.Season 16, Episode 12: A Nightmare on FaceTime:Eric Cartman:  Its Stans stupid Captain America costume, thats what throwing everybody off! Hows people supposed to get that Im the Hulk when Captain America is on freaking FaceTime?Season 1, Episode 4: Big Gay Als Big Gay Boat Ride:Chef:  You know what they say: You cant teach a gay dog straight tricks.Season 16, Episode 11: Going Native:Butters:  Youre all fake and stuck up, and none of you have the courage to tell Jimmy his jokes arent funny! The only kid here with a sense of dignity is Kenny, and the rest of you have heads up your butts!Season 4, Episode 3: Timmy 2000:MT V Announcer:  Youre watching MTV, the cool, brainwashing, 12-year-old-and-younger station that hides behind a slick image. Were so cool that we decide whats cool. And now MTV News. The news that is single-handedly dumbing-down our country, which is cool.

Saturday, February 22, 2020

Why should we belive in a religion Term Paper Example | Topics and Well Written Essays - 1250 words

Why should we belive in a religion - Term Paper Example At the same, consideration of human religiosity involves accepting the freedom of a personal choice. This means that every person has the right to take the religion that most accurately fits his/her worldview and life expectancy. This paper defends the idea of a special significance of religion for the life of both the individual and society as a whole. To begin with, the special status of religion and religiosity was claimed in ancient Greek philosophy (Hare). Moreover, almost the majority of Greek philosophy was riddled with the idea of the existence of a divine origin, and every philosopher gave it his own interpretation. Socrates and Plato pointed out the particular importance of religion in human life. They considered religion in close connection with ethics as a science of the right human behavior and actions. According to this position, the person as a rational being should have to follow the religious principles that affirm the universality and high status of ethical principles. In one of Platos dialogues namely Euthyphro, Socrates makes it clear that the gods are just and moral beings, and therefore faith in them allows a person to observe justice in this world. After many centuries, another philosopher Immanuel Kant addresses religion as well. As part of his concept, Kant says that a man cannot reliably prove the existenc e of God, since the knowledge of the world is limited by sensory experience that does not reveal the true nature of things (Rohlf). For this reason, Kant exposes the harsh criticism of the evidence for the existence of God, the soul and immortality. Nevertheless, despite this understanding, the philosopher draws attention to the importance of religion as a basis for human ethics. Based on the existence of the moral law requiring people to follow it, Kant asserts the necessity of postulating the existence of God and the immortality of the soul. Only by admitting the existence of God, able to observe the good and the