Topic 5: Ripple effects and Elasticity

The ripple effects of the oil are carpets, baby diapers, and anything things else that is related the oil can increase their prices and quantities. It does affect my family and I because my family will use MRT or bus more often than riding a motorbike or a car, and we might try to use less baby diapers or we might find substitutes for my little brother. Water has a lot of impact and inter-connection with many other productions because nearly every products are produced by water such as drinks, food, and other stuff all need water in order to be produced . Elasticity and inelasticity are both in the oil because people respond inelastic or elastic. The elastic goods that i have are cell phone, money, lottery ticket, and jewelry because they are can be substitute by other product and  things, however, i have inelastic goods such as salt and gasoline because we can't find barely any substitution for them, so we it's really inelastic.

Topic 4: Where Choices Lead

I forgone a lot of time and things to be in the school and to take classes. The opportunity cost of going to school are the time that i can go hang out with my friends outside of the school, the time that i can go to to play games, or the time that i can go to sell gums in the MRT. The opportunity of taking spanish class before is taking french, because i french class is my second best alternative. The opportunity cost of taking PE is study hall because i can't have study hall if i take PE because they're both in the same period. The choices are rational because i benefit more from PE class because i can learn more stuff rather than study hall, which you study books on your own. The choices for taking spanish and french is rational because i prefer spanish more, so for me, it benefits me the more. If i have totally control of my life then i'll not be in the school. I'll probably work for my parent's business and then learn for the experience, and later become the boss. I might probably go to school too; i really don't know.

Topic 3: Incentives to Attend Schoo

There are many incentives that motivate us in the society, and incentives are a lot in the school too. Disincentive such as computer and car if you have 100 percent attendance, but it's bad because people are motivated but they aren't really going to participate in the course or the classes. At my school, there's a lot of incentive too. If you get a good GPA and SAT then you will go to a good school.The incentive is being scold or criticize my PAmela if you didn't do good at the school. these incentive are effected to us because no one wants to get scold by pamela or no one will want to go to a bad school and get laugh by their classmates and friends. People changed because of the incentive in PAS, there are both punishment and award that motivates us. The goal in the video is different because in Pas there is a good attendance comparing to the schools in the United States. The goal in this video is the increase and motive people to go to school. IT's really different because students in Pas doesn't face this kind of things.

Topic 2 Scarcity at School?

We encounter scarcity whenever and wherever we are at then school or outside of the school. As a student, I encounter a lot of scarcities such as lacking enough money or sparse time. Teachers encounter scarcity because they don't have the time to date or hang out with their friends. Staff members have scarcities such as lacking the time to each meals with friends and family or scarcity of playing golf. As or me, i faced a lot of scarcities such as can't hang out with my family, can't earn your own money, can't have a job, are all the things students encounter when they are at the school. The resources i want more are extra time, more freedom, and more fun. The homework and reviews that the teachers assigns us make me  need to give up all of time and freedom. I need to trade off for more than 2 hours of extra time to study rather than talking to my friends in order for me to keep up my grades. I also have to trade off my extra time to go to movies or visit my parents and to give those times to study APs and other homework and tests.

Topic 1

First of all, students in PAS are either consumers or producers. Goods and services are produced by the producers, including the office staffs, teachers, and the principal. The consumers are the students who gets the goods and services from the teachers and staffs. One of the producers, teachers, give us services such as teaching students and giving them knowledge. Another producer, the staffs, help the students to set up stuffs in the school, and provide services such as cleaning the school, rearranging the school, organizing the school and so forth. The principal gives us services such as announcement for all the students to pay attention. The last producers are the student council; they give us services and goods such as making events for us to join and have fun, and the most important, to gain benefit from it. The another group of producers are the genitors who cleans the bathroom and the rooms in the school. All those listed goods and services are all produced for the students in the PAS. These goods and services are produced by the staffs and student councils, and they might have some meetings every few months. Mrs.Pamela, the head of the school, makes the choices of the what, how, and for whom goods and services get produced. I think it's a self interest to get into a good college at the beginning of the school year because some people just want to go to a normal and easy colleges or universities. However, some people try really hard  to get into a good college, and many student replicated their actions and try their best to do as same as the other people to get into  good colleges. Before, it's only a self interest, but then, a flow brings everyone in, and it soon becomes a social interest that everyone wants to get into good colleges.