September 26, 2013- Reflective Blog

This week in Econ we focused a little on weserville but mostly on our health care reform papers. Our health care papers had to be 3-5 pages and it needed to describe Obama care and give our opinion (not our parents opinions). On Monday we worked on our papers in class. On Tuesday we took another one of Mrs wesers famous surprise quizzes that everyone seems to enjoy!! After that Mrs. Weser gave us a choice to either work on our papers or do another lesson and we all chose to work on our papers. I finished my paper on Tuesday night. On Wednesday we took notes on the government and taxes we also discussed the different types of taxes. Mrs weser split us into groups to choose if the govt should tax the rich more and the poor less or to tax everyone the same percent. I think that everyone should be taxed the same percent. This way it is fair to everyone.

This week in Economics we came up with three different ideas for businesses for weserville. The class was divided into groups (4 total groups). The 4 business ideas were an ice cream shop, apartment complex, restaurant, and book store. We narrowed the options down to three which were the apartment complex, restaurant, and book store. I think that the best option for weserville would be a restaurant. This would give the people of weserville a place to eat if they don't want to drive to the grocery store and they are out of groceries. We also played a game with weserville money were we each came up with a business idea and mrs weser told us if our company survived or not. We then made a partnership and then a corporation. I think this helped us to understand how the different types of companies work.

                   This week in Economics we focused on Karl Marx and Adam smith. We got into pairs in class and wrote a dialogue between Karl Marx and Adam Smith. My partner was Gurubandaa. The goal of this was to better educate everyone and ourselves on Karl Marx and Adam smiths beliefs. We started this activity on Monday and presented them on Wednesday. We used Tuesday as a day to work with our partners and put the finishing touches on our dialogues. On Wednesday everyone presented their dialogues and had a potluck in weserville. Gurubandaa and I had two endings to our dialogue the first ending was that Karl and Adam agreed on having a market economy with some aspects of a command economy. The second ending was that they had just a market economy. Adam smith did not want this so they settled it by arm wrestling. On Thursday we went over our last lesson to prepare us for our test on Friday.

                              Summary Week 2 Econ   

                     This week we had a short week due to having Monday off for labor day. When we returned we had a test on Tuesday. This test covered Unit 1. On Wednesday we went over the different types of economies. These types of economies are Traditional, Command, and Market economies. Traditional economies are run by traditions passed down. In Command economies the government makes all the decisions. In a Market economy decisions are based on individual choice. MY opinion on the different types of economies are that everyone should have the right to make their own decisions. I believe that the best type of economy is the market economy. This is because this allows to to make your own decisions. On Thursday we discussed Karl Marx who wrote the Communist Manifesto and Das Kapital. This concludes our week.