Category Archives: Section 1

Applying 1:1 computing to economics classes seemed to me a glimpse of the future, a sign of controlled development which clearly could revolutionize my school`s method of teaching. Little stood between me and the future, only the fear of destruction … Continue reading →

The United Nations`s Human Development Index, an attempt to rank countries human development taking into account three main points: 1) Longevity 2) Scholarity 3) and GDP per capita The ranking seems extemely fair for the first countries but a general … Continue reading →

The Financial Times was my choice of a good online newspaper mainly because of its size because it ensures a larger range of information and also better quality information. This newspaper is large enough to have news from all over … Continue reading →

Basic Economist tool for analyzing economies, it reveal the facts that: 1 Resources are limited 2 therefore choices should be made 3 this choices will define how efficient the economy is 4 Opportunity cost increases depending on the trade offs … Continue reading →

1 – Setup a Opportunity/Cost table in your mind 2 – Setup your costs in the same unit (money) 3 – Dont forget to consider the hidden costs (the next best opportunity being sacrified) 4 – Reservation Cost (Put a … Continue reading →

Japan`s population is very oldly structure, a population that have elders as its majority. Such creates a necessity for somthing which is, unfortunatelly, very scarce. Not having enough people to care for the elders. The problem itself, ironically, worsens due … Continue reading →

Actually I am not sure why I joined economics, it was just an opportunity. Even though it backs up my reason, the timing wasnt what primarily attracted me to this course. I wasnt interested in how this could be a … Continue reading →

1. How is scarcity and survival intertwined? Facing scarcity, humans were, in order to survive, molded into what they now are. The search for resources and what it required from the human beings transformed society in its way. Therefore changes … Continue reading →