This week.

This week we have taken alot of notes.

We have played Life, I nearly one the game by the way.

Our game consisted of lots of fun and thinking about money.

We have depisited "checks" into our banks this week.

Thanks for reading my blog.

This week.

This week in Economy Class we have been looking at how to start our economic portfolio.

We have looked at how compounding interest is substancially better than standard interest.

Start Investing as soon as you can.

It is a good idea that you should put money into an account on a regular basis.

Thank you for looking at my blog this week.

This week.

This week we have looking at soleproprietorships, partnerships, and corperations.

We have learned the benefits of one over another and which is the safest to invest your money into.

We have also started playing MarketWatch, which allows us to compete with each other in the stock market to turn a virtual profit.

We then watched a movie on Pepsico and how they are trying to take over Coke.

Thanks for reading my blog this week.

This week.

This week we have been looking at supply.

Supply is not very complicated... When prices go up, the more the producers want to "supply" us with their goods, because they will be making more money.

There is a very simple formula we learned to calculate wether or not a recent change is price was beneficial, it is (Price x Quantity = Total Revenue).

Essentially this will tell you if you are making more money or not.

Make sure to visit again next week for more exiting weserville news.

This week.

This week we have gone over elastic and inelastic goods.

Goods that have the same demand even when the price goes up are inelastic.

When the demand for the good changes dramatically when the price changes, the good is then called elastic.

We demonstrated this by using a formula to she if the good was elastic or inelsatic.

See you next week.

This week.

This week we have been going over taxes.

We have looked at how the Government handles taxes and how the different taxes affect different people.

There are three types of taxes, Progressive taxes, which tax the rich more, Regressive taxes, which tax the poor more, and Flat taxes, which tax everyone the same percentage.

To really understand it, we all recieved a random amount of money and was they separated into groups of people who got taxed by the different types of taxes.

The excercise allowed us to really see how these taxes can affect the poor and rich, but in the end the poor always have it harder.

This week.

This week we have been discussing if Walmart should come to Weserville. 

We created a proposal for a Walmart represenative and negotiated for the better for both of us.

We disscused roads and running gas lines to the Walmart for gas distribution.

The representative reviewed our offer and told us that there was a good chance it would go through.

Hopefully today or Monday we will have more information, I will update you next week.