Wednesday, November 20, 2013

Pro iPad Tools!

The apps that we use on our iPad, such as Schoology, Educreations, and Flipboard, are very essential and quite essential for our Macro learning experience. Flipboard makes it super easy to read other people's blogs without having to manually type up their URL. Since other blogs are so easily accessible, it gives students a motivation and incentive to look at what their peers have to say about their everyday experiences with economics. Reading these personalized stories also help me understand many concepts from class  since they are relatable. Schoology is a wonderful app because it's a great source for all the notes; it keeps all notes and homework organized. I wish that the exit slips  had an explanation for the right answer that maybe seen after the time expired so we know what we did wrong. Educreations is a great way to not only teach, but also to learn the material we learn in class. Whenever we do the Educreations assignments, I remember the concepts more thoroughly. I know if I can teach the concept, then I know it for sure. All in all the tools used in our economics class make learning easier, materials more accessible and all notes and homework organized.

Wednesday, November 13, 2013

What Do Stores Prefer? M1 or M2?

Last year in AP US History, we had talked about what kind of money components stores prefer when selling their products. Stores prefer the M1 (a medium of exchange) component, especially something like gift cards because customers have already paid M1 to the store without exchanging any products from the store in it. They would rather have an M1 than an M2, such as credit cards, means of an exchange. The money that is given from a credit card isn't the fastest way a company can get the money, therefore there is an opportunity cost of time in which that money is received for the the company.

Sunday, November 10, 2013

Janet Yellen disrupts economic freedom?

Like an other candidate, Janet Yellen has both fantastic and detrimental ideas. But somewhere her not-so-great ideas outweigh the positive ones. According to Frobes.com, "The whole basis of her theory is that people cannot be trusted to make their own decisions, that the market shouldn’t be free." If the one significant aspect about our nation, its (economical) freedom is taken away from us, then what is gonna remain in this oh so great land of America? Somewhere along line Yellen's ideas may resulting in "a new wave of bankruptcies" causing nothing but havoc and chaos in the economy.