Week before Exams

Hello fellow economists as you know this is the week before the exams. Haha i am super excited for this. I don't think it will be that hard but ya never know. what should we study. basically everything "well Zack whats everything." everything is what we have learned up till now. S basically go home open up your notes and study your butts off at least i know i will. Anyways this week in class we studied up on Supply. We learned all about things like Total revenue, total cost, fixed costs, variable costs marginal costs, what marginal means, marginal revenue, profit, supply graphs, and supply schedules. Fixed cost being a cost that isn't affected by the supply. Such as rental for a factory. variable costs are cost that change based on the six factors that can change supply. We also took a quiz which i have a strong felling everyone did well on. Anyways that's the review folks, and forget to study. It will help you in the long tun.

the awseosome review of Econ this week

Welcome back my beloved followers, and fellow bloggers to this weeks awesome econ review. This week many thing happened. we took two Quizzes one on demand, and the other on elasticity. we studied and reviewed both elasticity, and demand. We also finished our projects which were in my opinion the most fun thing we did. This is because we got to work in groups with fellow students, and make a Ad Campaign for our beautiful town of Weserville. The outcomes for the groups were amazing. Being mayor I was blown away by all the town ads.  They were wonderful, and made it very hard for the whole town council to vote on which ones were the best. In the end we had to choose separate ads from each group. Which I believe was the right decision. All three groups received rewards being either $1000, travel passes, or 5 points extra credit.

Back to economics though demand to raise, or lower? I have an awesome question of the day just to get your minds if you raise the price of insulin will demand raise, lower, or stay the same?Why do you think so?

Weekly review on the awesomeness of economics.

Welcome back folks I am here today to tell you about what happened in economics this week. It was a pretty crazy week because of all the CRAZY WEATHER. we got back to school on Wednesday, and learned something rather intriguing to me. That is demand. We looked at how prices effect demand, how quantity wanted can effect demand, and many different graphs that resemble demand. The first was a demand schedule. It shows how much of something will be bought at a certain price, and that is in the form of a chart. The next is a demand curve. It always slopes downward, and is a line graph. It represents the demand schedule. So to me that's some pretty cool stuff. We practiced these many times and learned about the six factors that effect the demand curve making it move forward, or backward on the graph. Id like to see if my fellow students remember what those are.????? So if you do don't be afraid to comment below ill be sure to look and reply.

This is the awesome blogs of Zach Zimm Zimm sighing of for this weeks blog of total awesomeness.