This week was pretty good.  This week we restarted our semester because we had mid-terms last week. One Monday we talked about competition. One example of competition is Perfect competition which includes five main things which are:
*numerous buyers and sellers
*Independent buyers and sellers
*Well-informed buyers and sellers
*Freedom to enter and exit the market
*Standardized products
Also we learned about Oligopoly, Monopolistic Competition, and Monopolies.  Oligopoly is where there are 4 or so companies that dominate that market.  Whereas a Monopoly is where one company dominates the whole market for that one product.

This week was pretty good.  It was shortened because of our field trip.  This week we mainly talked about supply.  Such as the Law of Demand, Supply Schedules,  and the three cost category.   There are several factors that shift curves such a as input costs, labor productivity, technology, government actions, producers expectations, and number of producers. The field trip on Wednesday. We got to see and touch a few animals. The live animals were a possum, snake, lizard, owl, and rabbit. Also it was fun because we got to go home at 1:30.

This week was good.  One Monday we were faced in creating advertisements for Weserville.  We had to do a 30 second TV ad, 30 second radio commercial and a half page newspaper article.  Benjamin Bradberry, i thought, did a great job making the script for the radio commercial.  My group did a Powtoons for our TV ad.  Powtoons is great because it is pretty easy to edit it and make it flow pretty well and is more interactive than a PowerPoint.  Hopefully, on Friday, everyone will show up with everything finished.

This week was fun.  We had normal classes Monday-Wednesday.  On Thursday we had our retreat.   It was fun  and relaxing.   We did a little icebreaker game first.  Then we were lectured on a subject such as like stress and how to handle large amounts of it.   After we would split in smaller groups and talk privately about what that topic.  One topic I will to focus on is stress.  The person that was explaining stress and how to balance it.  Then he talked about his personally experience and talking about how he got migraines because too much stress.  This is interesting because it is surprising that stress has the ability to do that to your body.

This week was all about government.  We had a paper due and a quiz.  We learned about taxes and there structures.  I want to focus on obamacare.  I disagree with this.  There are too many cons to balance the pros.  This will add more people on health insurance making the money spent on this more.  The provisions do sound good but i don't think it will be implemented correctly.  On Thursday, we watched a video and played a game.  On Friday there is a Junior Senior showdown.

This week we talked about stocks and the circular flow chart.  Also we talked about the government and free enterprise.  The circular flow chart shows the cycle from the factor market to the businesses to the product market then to the individuals.  The circular flow charts with the government just explains how the government takes taxes.  On Wednesday we set up our stock market game and it has been interesting.  I started off in first place and today i was last.  That doesn't really mean anything but how drastic the market changes in a day.

This week was shorter then usually.  Since we had labor day off, we only had a four day week.  On Tuesday we took our first test.  In class we talked mostly about different types of economies.  There was Traditional, Command, and Market economies.  We mainly focused on Command and Market.  One day we did an excuse where we had to draw a picture explain each of the types without words.  It wasn't very hard, but it does show whether or not you understand the information.  On Thursday we went deep into Karl Marx and his beliefs.  Also we learned and watched videos on the four countries that is closest to a pure command economy.  I think that the Market economy is the best way to go because it gives everyone the right to their opinion and you are more free.  Obviously this is a biased opinion just because that is what America is.   I think the pros and cons are balanced better then other economies where the cons out reach the pros.