Topic 5: Ripple Effects and Elasticity

Oil is the fundamental of a lot things in the world. Cars and planes, the fundamental of human movements, require oil. If the price of the oil goes up, the cost of traveling goes up, especially in the airlines. American Airlines states that it took them 29 million per year if the oil price goes up for 1 US dollar. The price of a airplane tickets then goes up because of the increasing cost for the airlines. My family have to spend more money if we want to travel. Our positive incentives of traveling go down. We don’t to travel too far because it will be very expensive. Oil even has effects in the house holds, carpets are basically made from oil. The price of the carpet goes up then family budget of decoration goes up. People are more unwilling to buy carpets. Most of the plastics products are made from oil, for example, cellphones, bottles, glue, umbrellas and tires, etc. Plastic products are the domestic products that people have everyday and everywhere. If the price of oil goes up, people will have to pay more money to get those things.   

If the demand curve was inelastic, the decrease in price is relatively much higher than the increase in quantity. Therefore, the profit will be lower and the damage to the business was tremendous. On the other hand, if the demand curve was elastic, the decrease in price is relatively much lower than the increase in quantity. The profit was high and helped people to earn money. My cellphone is relatively elastic because the price of a cellphone was high. Therefore, if the price of my cellphone goes down a little, the quantity demand it increases will be huge.      

Topic 3: Incentives to Attend School

Schools attract students by giving them chances toward success. If the student attend the school everyday, they could possibly perform better in schools and then have a good grade. Eventually they could go to a good college. Education is a building-up process. Every section is important in order to reach success. That is how schools attract students. On the other hand, students might have other high paying jobs that make the marginal cost of coming to school become high. That could let the students not come to school. However, I think the rewards are the more effective ways than the punishment. Because I think getting a good college is a better way to success than anything. The money the student earned after graduate from a good college could be way much than the money that earned while skipping schools.         

Just like normal schools offered, I attend PAS because I want to have a good college in US. Therefore, I have great possibilities to achieve success. I think the incentives offered to me is very effective. I fight full-heartedly for this good chance. Many students in PAS have the same incentive like that of me. Moreover, they have the same passion as me as we progressing though our fours years in high school. 

The schools in the video give incentives to students to attend school because they want to satisfy the government policy in order to get funds from the national government. The policy No Children Left Behind requires schools to raise their students‘ attendance rate. If the schools failed to do so, the national government would pull out its funding. However, PAS was a private school, it doesn’t need governmental fund to survive. Private schools are based on funding from the individual. They are rarely faced the financial difficulties.       

Topic 2: Scarcity at School

In PAS, students faced a scarcity of choosing class of limited time. They don’t have time to take all the classes. Some students choose to take MUN because they are interested in MUN debates. Some students choose to take Java Programming because they are interested in computer science. However, those two classes are in the same period. In four years of high schools, students are impossible to take all the classes PAS offer. On the other hand, teachers faced scarcity when they choose courses they would teach. For example, Mr Dahl is good at English. He could teach a bunch of courses like British Literature or English I. However, due to time constraint, he could only teach several courses. No juniors are taking Mr. Dahl’s class because of that. It would be impossible if the English department only has Mr. Dahl to teach over a hundred students in PAS. Teachers give up chances to teach other grades’ people to have comfortable time of teaching. 

My life in PAS faced with a scarcity of lunch choices. Despite the fact that the lunch was not delicious, I always wanted one more piece of chicken nuggets when the meal men only give me one or two pieces of chicken nuggets. That is simply too sad to have only few chicken nuggets when eating the lunch. The limited amount of chicken nuggets in the meal box stopped me from getting more chicken nuggets. There is scarcity of chicken nuggets in PAS’ lunch. Sometimes, as a senior, I have to give up my basketball time in order to have more time to study on SAT and other things about college. That is the most terrible tradeoff I faced in PAS. Furthermore, I have give up the chance of going to a cleaner toilet because I am really in a hurry. 

Topic 1: The Big Questions

In such an education system as PAS, intelligence is the product PAS sells. Those teachers give the product of intelligence to the students. Teachers give students intelligence by teaching. Students receive the intelligence from the teachers. Education is kind of like doing factory work. Students enter the classroom to receive education just like Coca cola bottles enter the production line. Teachers are like the machine putting the Coca cola liquid in the bottle. Teaching is the same as the process of putting the liquid in to the bottle.  In the kind of process of how PAS teachers do the production. Ms. Pamela monitors the entire process of producing intelligence. There is also money exchange at scene. Students pay tuition to the school which give the salary to the teachers as incentives for them to give intelligence to students.  The chances of success through education work as the incentives to the students.

Education is a process both governs self-interest and social interest. Because while students get intelligence from the teachers, they are filling up their self-interest. Some people study in order to have a good future. Furthermore, education itself is a kind of social interest. With education and intelligence, people could help the society. Many of the great people that influenced the world like Barrack Obama received a well education in Harvard University. PAS, as a school, rewards student with education and intelligence. Choices in PAS are made for the school’s good. For example, choosing books in PAS, good books could help the student to have better education. Good education could later help the society moved in a good direction. It is chain reaction where every component is very important. 

YWDVADHBU7ZU