Thursday, September 19, 2013

Economics is getting better every week, I'm learning new stuff (which is what I came here to do), and I get to work with things that I will eventually use later on in my life...stocks. We started working on our stock game, an accurate, up-to-date game that allows students like us, and adults to work with stocks. It doesn't deal with real money, so, if the markets crash, or if something happens, nothing will happen to us. Everyone is very into the game, and I am enjoying it as well. One of the stocks I bought was the Apple stocks. I bought the Apple stock Wednesday morning, right before the brand new iOS 7 came out. On Thursday, I checked the Apple stocks, and they shot up by a longrun. I know that it was due to the new iOS system, because everyone was talking about it and everyone was downloading it. It even took me several tries before it downloaded. I found it amazing how the stocks go up and down, and to actually watch it with my own eyes. It makes me wonder how the stocks will go around Christmas time!

Friday, September 13, 2013

This past week in Economics, the class studied and learned more about the Command Economy, Karl Marx, Adam Smith, and the Market Economy. The class paired up into groups of two, and we became Karl Marx and Adam Smith. The new Marx's and Smith's had a discussion, about Weserville's economy, other countries economies, and about the Market and Command economy itself. We also had a great feast with chips and dip, cookies, and sodas. The dialogues were very interesting to listen to and I enjoyed the project a lot.

Thursday, September 5, 2013

This past week in Economics, we finished learning about the Production Possibilities Curve (PPC) and took a test on the PPC, the basics of Economics and the Factors of production. After the test, we started our next unit, with the types of Economy. Traditional, Command, and Market. I found it very interesting to see the huge differences between the types of Economies, and I find the Command Economy most interesting, because it is far more strict than what the US has. I am really looking forward to what we're learning in this unit.