Bolg 12 (typed bolg on purpose lol)

Part 1:
     In this section we learned largely about Fiscal Policy. Inside fiscal police\y we learned about how we deal with too much expansion and too much contraction.. To deal with expansion we use the contractionary policy which increases taxes and decreases government sending; and visa-verse for contraction. We also learned about taxes. And that the government plans out a budget for the money to go towards each year.
Also learned about the "trickle down" or supply side, which is where tax cuts go to the wealthy and the producers in hopes that they will use the extra money to help out the poor, but we live in a selfish world and most of the time they will use it for themselves.

Part 2:
     It's really hard to balance out that government spending. In order to get rid of the national debt taxes on everyone and everything would go way up and we'd have to cut some many good things out of the budget including funding for the military which a lot of people are asking for more money to go towards. And the tax cuts that everyone wants would happen seldom to never.

Part 3:
     It's kind of hard to pick and choose because inflation has an effect everyone most of it is negative, struggling to pay for common household items and food. However struggling might be worth it if more of the homeless or unemployed are getting more jobs. But also unemployment doesn't take into account the homeless. There are some homeless people who do have jobs but can't afford what they need to stay in a nice home those people are counted in as employed, because they are, they just simply don't make enough to live a comfortable life. So I don't really have a set opinion on the at subject specifically but if we could find a way to help with unemployment AND homelessness then that's what I would want.

11 part 2

1) We learned all about the dufferent types of unemployment. That some are good and some are bad. The badkind us when the economy cuass layoffs and less available jobs

2)unit 3's factors directly relate the unit one's becuase things like GDP are what we use to measure the factors of unit one.
One big reason in unemployment and homeless help systems is that when people receive that they are less motivated to do the work themselves and take initiative.

blog 11 part one

I was gone all week but i will answer part three.
I have a plan, I don't like banks at all and I don't have a job. At some point I will join a credit union but credit unions and banks can get robbed. My retirement plan is to invest money in a stock that shows lots of promise on a day that they are doing bad so that when and if I gain money I can sell that stock in the future for a good amount of money. Until I have the money to invest i have this thimg called a piggybank/wallet true my house could get broken into but hey I'm a redneck and quite frankley I don't trust banks. Plus with the goal of absolutely no college debt I'll have a head start on earning good money that doesn't have to go towards paying off my debt. If my answer isn't good enough I'm sorry but that's my plan and my family knows it.

blog 10

Part 1:
So last week we went into depth with inflation. Inflation rises prices and decreases money value. COLA talks about the costs of living adjustment. And there are 3 causes to inflation; gov prints too much money, demand-pull inflation, and cost-push. We also learned about deflation.

Part 3:
One thing I undertand more is inflation and how it works. That when someone says we are in a depression I know now that we are actually in a recovery. A slow recovery.

I also learned that based on this class and personal finance that bow is a good time to invest in stocks. Since we are in a recovery even though some sticks may have ups and downs throughout, in general stocks will go up along with the economy.

I also learned why gas prices flucuate up and down. It depends on the amount if gas they have immediat access to.

blog 9 of awesomness

Part !:
      This week was short and we started an introduction into Macro-economics; which is the study of the economy as a whole not individually. We took a quick look at GDP and it's effect on the country's over-all appearance as a place to live and get jobs; another aspect that has that same effect it the unemployment rate of the total population in any given country. GDP is calculated in the FINAL good, meaning it's only calculated when any good or product is purchased for the last time. not including the sale of used cars. we also took very quick looks at, Recessions, depressions, stagflation, inflation and deflation.

Part Z:
     Our money is worth less in places like the UK but in others our money is worth more. When you travel to other countries you have to exchange your money for a kind like theirs. Its approximately 1.3 american dollars to equal one euro. Meaning that the net worth of our money is less than of one euro. This is partly because of our debt but also partly because we try to stretch out the gold value behind the money as much as possible.

Part 3:
     Other things that could determine the health of the country is the housing. If there aren't enough houses for the amount of people then there will be more poverty and even if they are employed they may still be homeless. Also the amount of available crops that are healthy because if fast food is the only source of food for some people then the people themselves will be rather unhealthy and i would not want to live there. Plus debt and the surroundings. If they have earthquakes and hurricanes and constantly have to rebuild things i would not want to live there either.

community service reflection

Mae Dempsey
Community Service Essay

For my community service project I chose to volunteer my services at the Foothills Animal Shelter. My jobs were simple; do laundry, clean dishes, wash the kennels and wash the windows. Their mission is to rescue as many needing animals as possible and youthanize as little as possible. If they get too crowded and noone is willing to be a foster owner then some do have to be put down. I had a very small yet very important part in it all. I kept everything thise rescued animals needed clean so they could remain healthy during their stay at FHAS.
I don't know how anyone else felt but it sure as heck pained me and I'll tell you why. Becuase every time I went in and told them I was there for community service they looked at me in discust or confusion; that is until I told them it was for school. Now-a-days everyone assumes that if you are doing community service at all, it's becuase you committed a crime of some sort and you were doing community service to make up for it. We need to volunteer more so when you do community service people look up to you instead of down. I have finished the prodject but I volunteered with the children at my church during second service and during the summer for VBS. Plus I'm doing Outdoorlab where I will get over 100 community service hours. If everyone did it then society would see it as a good thing to do and helpfull.
Without this opportunity society might shut down. Let me explain why... First, without community service workers buisnesses that can't afford to pay enough workers but are very important (like shelters) would eventually have to shut down becuase not everything could be kept up. Second, some community services include picking up litter which is an important part of cleaning up our invironment. If people never picked up the litter, in a few years we would all be swimming in trash. And finally, jails would be overflowing with people who couldn't afford to pay off fines like speeding tickets becuase they had no alternative to paying the fine. Which hurts families and when worse criminals are caught it cuases delimmas with cell spaces.
To sum-up  community services are helpfull and very much needed. But even wuth the people paying off speeding tickets and DUI's, community service shouldn't have to be looked down upon by others as a "last resort" to pay off debts. It should be looks at as a way to help people and the invironment. Even now, where volunteering and community service are literally the same thing, they are look at like the difference between scum and a nice person. They are the same thing put on different terms and it shouldn't be like that.

blog 8

Part 1;
     This week we finished off working with equilibriums. And howbthe markets will always eventually go back to the equalibruim prices and quantities for maximum happiness for buyers and sellers. We also ended the week on friday talking about price floors and ceilings. Price floors are the minimum prices that goods or services can be sold at. Price ceilings are the maximum price goods and services can be sold at like rent control.

Part 2;
     The government uses things like subsidies, they pay companies to make products that they predict will do well, taxes on produce, they tax food and other things people need to get more money out of it, and regulations, they control how much a person can buy or produce a good or service of. One that we talked about in class was rent control. The government used to put a price ceiling on rent to prevent over pricing and descrimination. Even know I'm still unbiased about government kimd of, there are some really good places they should intervene in and also some really stupid ones that are outthere but I can't list off the top of my head. I have no questions.

Part3;
I have finished all 10 hours of my community service hours at Foothills Animal shelter. And I have not even started the essay yet, is it due on the same day as the last part of the community service packet? I might do it during spring break.

blog 7

Part 1:
    This week
Part 2:
    Demand and supply curves and schedules relate to chapter one in one major way. In freemarket if people like your product then you will be successfull and can produce more and sell more for higher prices. If buyer don't like your product or the price of your product you have to produce less to cover costs.
Part 3:
   Sorry I apparently didn't have permission to view the article so I couldn't read it, therefore could not answer the designated questions

Blog 6

                              Part 1:
This week we focused mainly on what Cuase demand curves to shift. On that subject that when something in demand's price changes doesn't Cuase shifts but things like popularity does. We also were introduced to supply and how it relates to demand but is slightly different.
                              Part 2:
My favorite pizza is Totinos pizza. There isn't much that makes me want less of it ... but if they ever added something like mushrooms to all of their kinds ... that would do it

T: totinos puts mushrooms on every variety of their pizza. That would shift the demand down because all the people like me who don't like mushrooms wouldn't buy it.
Rs: burger king's prices go up so more people might go to McDonalds or Wendy's instead.
Rc: milk's prices go up so people might buy less cereal or oreos
I: people's wages are raised and they can now afford better pizza. They (except me) would buy less totinos pizza
B: there was another baby boom and all of them now have minimum wages while going through college. The cheap filling pizzas will be bought more most likely.
E: Totino pizza's prices will rise next year. More people will buy them right now so they won't have to when the prices go up.
                           Part 3
Demand for hot cheetos is high
Because they are great
Except the truth
 :)

Blog 5

Part 1:
    This week I learned about the definition of Demand, which is the quantities of a good and service people are able and willing to buy. As prices fall quantities demanded rise. Diminishing marginal returns is for each additional unit there is less satisfaction. And the income effect is when we seem to have more money as prices go down because it goes further.
PART 2:
   So the airlines have elasticity because there aren't very many alternatives for those who need to get places fast. So they can fluctuate their prices based on the person's absolute need to get to a place asap. Vacationers that planned way ahead will be able to pay less than the buisness people who get last minute tickets. Last minute tickets are allowed to be higher priced because there is a limited supply of tickets AND the buisness folk are willing to pay way more than the people who had pre-planned their trip.
PART 3:
   The jobs I chose to look at:
        •occupational The ropy assist
        •physician assist
&
        •secretaries & admin assist
1. The growth and demand for these jobs are high because there are so many of the higher level people and not so many that want to help them be successfully.
2. Maybe offer free or cheap training lessons or offer them a gaurenteed job after the training is over so they don't have to worry about going through the long process of training but not having a job to go to afterwards.
3. Well assuming they are married to a person with equal pay the first and third one I chose have a pretty good lead to millionaredome but the second one puts the family above and beyond $120,000 a year it would be over $180,000 a year if they both had then same income.

Blog 4

Part 1;

     So, for the most part we learned a lot about the three economic questions. What? How? and Who consumes? We also learned about the types of economies: Traditional, Centrally Planned, Free Market and Mixed. And that the united states is a mixed government where for the most part the citizens are free to do what they wish and have to be efficient to survive well but the Government does intervene on somethings so it's not a total free market society. And we also learned about the 6 basic goals, Economic: Freedom, Efficiency, Equity, Security, Stability, and Growth.

Part 2.

     1. One of the many goals he addressed was the jobs status in America. He's supposedly trying to create more jobs for those without jobs.

     2. Apparently there is a budget compromise that will allow more money for creating more jobs.

     3. The benefits are the possibilities of making more jobs and making our country more of the first class country it's supposed to be.

     4. The costs would be in the margin of even though creating more jobs is good for the people more of the budget we supposedly have should be going towards the substantial debt they we have dug ourselves into as a country over the last few centuries. I know that a lot would say there isn't much to do about that much debt and we have to worry about our current needs. Well ... what if the countries we owe money join together and say; HEY! America hasn't paid us anything in forever! Let's Take em down! What would we do? Another war means most likely another debt. Our every day money goes down in value due to inflation and a Crazy amount of Debt.

Blog 3

Part 1;
This week we learned about marginal analysis and production possibilities. Marginal analysis is what is used to explain why Swy, doctors are paid more than a Mc. Donalds cook. Because doctors have higher capabilities and are more in demand as a necessity. And production possibilities are the most products that can be made based on opportunity costs and the workers are working to their best abilities and no less.

Part 2;
In the fast food industry, unless you are a CEO or manager, you will get paid minimum wage because you need less skills to flip burgers or take peoples orders. Whereas you need many more skills to be a doctor or even an athlete and those pay more for those particular skills.
Part 3;
1. For a future job I want to become a police officer, even though it doesn't pay loads it still pays more because you have to acquire certain skills for the job; as chapter six would agree because police force training is much more scare than asking "would you like fries with that?"
2. The start off salary for it is 56,980 and the required education is a highschool diploma or g.e.d (but it's good to go to college in law enforcement)
3. I plan on going to college and learn all I can and graduate with a bachelors degree in Law Enforcement. The costs is the money and time I will have put into college to get a job that doesn't really need it, but it will most likely make me more desirable based on my knowledge of the law. Plus if the police force doesn't want me there are plenty of fall back jobs that I would be more equipped for like lawyer, judge, detective or even FBI.
4. Chapter 6 clearly states that they can be and are paid so low because the job requires very little from them and they don't need any specific, hard skill to do the job and even do it well. So they are paid minimum wage because the skills required are not scarce and if they don't like the pay and they quit then someone else will be happy to step in and take that job.

Blog #2

Part 1:
  I learned a lot about incentives and opportunity cost, which are connected because opportunity cost is when you choose something that is going to turn out best for you but you give up the next best thing unless you have incentive to pick the second option.

Part 2:


1. The prisoner's dilemma and the fishers relate to the black rhinos because there is far more incentive to do what will be best for you now and even in the long run. There is no trust even if there are laws they think that if they don't get them or confess than the others will and leave them worse off. Related to that cops will actually say to two criminals that their buddy is currently confessing (even if he's not) just to get one or both to confess something.
2. Some irrational looking decisions can also be rational because there may be incentive like helping a person in need that may maximize your utility; like the guy in the subway, it was rather irrational for him to jump in front of a train to save a complete stranger but it maximized his utility; or an irrational decision could be just for maximizing utilizes for yourself like getting paid more, that only you can see happening in the future while others see it as irrational.
3. Incentives can lead to going to jail (to go off the prisoner's dilemma) for 25 years but there are also unwritten rules that no one tells on another, it else. So that is also an incentive against telling. In return we behave how we think we should or what we think we HAVE to do even though we don't really have to do anything. So what ever happens there is always some kind of consequence even though they aren't always foreseen.

Part 3:


1. I want to graduate college in 5 or 5 years with the help of maybe some family or my own job but also mainly as many scholar ships as I can get and NO LOANS. I don't want to go through life in Debt.
2. I want a small home like an apartment house or a cheap but nice house to live in that is not too expensive, soon after I get out of College.
3. I will never in my life gamble. It is a waste if money and even though winning can happen, you get addicted and put all your money in on the bets and if you loose, you got nothing left to live one. It's in no way worth it.
4. I will also never smoke or do drugs because it's very bad for your health and a HUGE waste of money. One pack of cigarettes cost around $5 and if you smoke one pack a day it costs more money per year than average car insurance.

Practice Blog

Part 1
     This week so far i have learned that the Economics class and Economy have almost nothing to do with; money, businesses,  taxes and other things that one might think Economy. No, but it's about the less specific subject of making choices. And that even though things like money can be included with making choices, it's not the purpose of Economics. I also learned about scarcity and that something must be wanted in order for something to be classified as Scarce. And that scarcity is when there is something that more is wanted than is available.
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Part 2
     November 15, 2013 there was a rumor that said salt is scarce in West Bengal. This rumor, whether it was true or not, caused the prices of salt in the market to sky-rocket and everyone rushed to buy some before the prices got too high and before it "ran out" so they could have salt. However the government sent out a letter saying that the rumors were false and there is plenty of salt left so the prices will go back down again
IANS, "Salt selling at Rs.100/kg in Bengal after rumours", The Economic Times, November 15, 2013,
<http://articles.economictimes.indiatimes.com/2013-11-15/news/44113563_1_rumours-common-salt-scarcity>
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Part 3
List of 10 of my future goals:

1. I want to go to college and get scholarships and help without loans so i don't start life on my own in debt.
2. I want to become one of three things mostly I want to become a police Officer, i know they don't get paid a whole lot but it's enough. Second would be an Artist maybe do portraits of people for money. and thirdly since I would have the correct schooling in it i could be a lawyer or detective or something around there.
3. I want a small home, nothing too expensive.
4. I may work secondary jobs like I could write or do the artist part as a second.
5. I hope to hopefully one day have a husband with a decent job.
6. I if don't get a husband i will most likely try to get a roommate, maybe and old friend
7. I won't gamble
8. I won't play the lottery as I have more of a chance getting struck by lightning than winning and it's therefore a waste of money
9. I will not spend money on any unnecessary drugs
10. And lastly, I will never EVER smoke, they are a huge waste of money, they smell and taste gross, are bad for health AND there are other ways to cure depression