Near The End

Well this week we are learning about credit cards and how to use them wisely. Credit cards can be evil or your best friend, but you have to use them wisely. To use them wisely is to never ever go close to your limit on the card. Another thing you have to do when using a credit card is you have to pay your bills on time. If you don't use the credit card wisely it will ruin your credit score. These both play on each other. So do if you do bad things with credit card it will look bad on your credit score. Your credit score also depends on whether you can get loans and etc. So don't miss up and into debt using a credit card. Just don't! Bye for now cya next week!

Team Friday

Well this week in Econ we are still doing are little scenarios with our own budget and etc. We are also learning about how to invest our money. It is important to take into account that best way to invest your money. Savings account is not the best way to invest but it is a good way to start off on. When looking to invest your money you should look for compound interest. That is way better than just simple interest. A lot of companies give compound interest. Another thing to look for in trying to invest your money is the interest rate itself. That is important because its sets how much money you can make from investing your money. That is what we learned this week in Econ. Bye now:)!

Back from Easter

Hey everyone! I'm glad to be back form Easter Break! So on my arrival back to Peninsula Catholic Economic class we have started to learn about money and banking. We are also doing a game with fake money to simulate real life. As of right now I am not doing good at all. In fact I am in dept right now waiting on my next paycheck. The game just shows how hard life can be sometimes. It also teaches the value of saving your money. We also learned about banks and why it is important to pick the right one. We also learned that is impossible to counterfeit money in US. They have all these security things added to the dollar. It's crazy! That is most of our week so tune in next week for another update! Cya soon!

Busy Week

This week we learned about different monopolies. We learned about different kinds of monopolies too. We learned about Government, Technological, Geographic, and Natural monopolies. Each have different characteristics. The different kinds of monopolies are Perfect Competition, Monopolistic, Obilgoby, and Monopoly. We the US has a monopolistic economy. We also are starting this game about stock and prizes are being awarded to the winning players who play their stocks smartly. I have not yet started because i had to leave early. But anyway have fun world see you next week:)

Mid-Term Crunch Time

So this week we learned a lot about supply. Everyone is usually starting to cram for mid-terms and hate the fact that we are still learning a week before our mid-terms. So supply is basically like demand except for the it goes up on the graph. There are 6 factors on how to change supply. For example like new technology came in and increased your supply rate that would be a factor in your supply. That is pretty much it on what we learned this week. Oo I almost forgot there was a flood in Weserville so if anyone could reach out to them that would be great. It March Madness so everyone go watch some college basketball its getting interesting. Have a good day bye for now.

Casual Fridays

Well this week was fun. This week we had to make commercials for Weserville. Guess What? My group won the contest for commercials. Also we learned about elastic and inelastic demands. I think I get them. I also think i am ready for the quiz tomorrow:)! On the other hand I am really liking the class so far. Well bye for now world see you soon!

The snow week❄️❄️⛄️

In economics we were kinda delayed of the snow for about 2 days. After that we got straight  into leaving about the demand curve and demand schedule. We are starting to understand the law of demand and how the economy runs on this understanding. That is what we did this week✌️✌️

Monopoly Friday

In Econ we started the week talk notes. The notes were really helpful. But the test was hard. It felt like all the answers could be right. Idk but I did get the circular flow chart right with very thing in the middle. Now it's Friday and we are playing monopoly and life. I'm stocked👌👌 please leave comments thanks bye😍

Waffle fun Friday

This week in economics we watched a movie about how walmart was tryin to go into this small town called Ashlyn. It really showed the super strength Walmart is in our nation. While I also watched a walmart movie in religion. That movie was bashing walmart and telling us how bad of a company it is. So I didn't know how to take this. We were discussing on what we wanted in the town. I just didn't know what way to lean toward. It was a hard choice but I chose to have Weserville build a walmart. I don't like walmart ethics but for Weserville it was a good thing for the town. And tomorrow we are having waffles tomorrow in class give that some comments please🙌🙌

Economics 101

In the economic world I learned about the circular flow chart. The circular flow chart makes out world and our community. It's a quite beautiful creature. It really helps explains the market today. The person is offering there labor which is a factor. The businesses need that labor to produce the product which is sold back to the individual. It's awesome. The money goes the opposite way. The individual buys the products and that goes to the business to pay for the labor and it goes back to the individual. That's what I learned this week! Cya world ☺️

I learned interesting things this week about Karl Marx and Adam Smith. They share some ideas but both of their ideas have completely different meanings. Adam Smith main idea is capitalism where the consumers rule the economy. Karl Marx is communism where the government rules the economy and makes the social classes fair. I have to agree with m,y boy Adam Smith. I just love the idea of a free market. It's the people job to run the economy.  I just love those guys visiting Weserville.

I got j's on my feet! How is the world doing today??