Overthink

Every day we make our own choices. When a person chooses to break the law there is a price to pay. I know if I choose to break the law I will have to pay a price for my decision. When I go to court the judge is not going to say that’s okay and let me go, he is either going to fine me or have me put in jail. The choices you make in life now determine you eternity.

In our life, why do we over think every single aspect of my life? Why do we do things that we know are bad for us? We do these things even though people tell me we shouldn't. Deep down we know we’re hurting ourselves, but still we don't care. We feel like we’re always losing important people in my life. We mess everything up, all the time. 

Well maybe that’s really life is, we over think every aspect of your life because we’re deep down cautious. We do things that are bad for us because we don’t know any better and it’s our minds way of teaching us that lesson. We highly doubt that we’re always mess things up. We feel that way because we like perfection.

People said that sometimes the wrong choices bring us to the right places but how we will know if it caused a right decision? As a student, I believed that we are free to choose, but let’s face that we are not free from the consequences of our choice. In our generation today, we have a hard headed, we always make decision instantaneously and ended to the things we might regret. Sometimes we have to take risks to get what we want, but first we must ask ourselves if it's a risk worth taking.

~ PLVC

All about ECONOMICS

What is economics and why we should know economics?

They say economics is a home management, came from its meaning but what is real economics and why should people specially student must study economics?

Economics is the social science that analyzes the production, distribution, and consumption of goods and services.

Why should we study economics?
Economics can help us to know what is happening in everyone of us, in our environment and in the government.

Now let me share to you what I've learned in economics.

Economics (personal perspective) is an art or science of making rational choice.

Economics (social science) study of how social system work or interact with each other.

There are also Principles in Economics that can explain how it can affect each of us:

How People Make Decisions

• People Face Trade offs. To get one thing, you have to give up something else. Making decisions requires trading off one goal against another. 
• The Cost of Something is What You Give Up to Get It. Decision-makers have to consider both the obvious and implicit costs of their actions. 
• Rational People Think at the Margin. A rational decision-maker takes action if and only if the marginal benefit of the action exceeds the marginal cost. 
• People Respond to Incentives. Behavior changes when costs or benefits change. 

How the Economy Works as A Whole

• Trade Can Make Everyone Better Off. Trade allows each person to specialize in the activities he or she does best. By trading with others, people can buy a greater variety of goods or services. 
• Markets Are Usually a Good Way to Organize Economic Activity. Households and firms that interact in market economies act as if they are guided by an "invisible hand" that leads the market to allocate resources efficiently. The opposite of this is economic activity that is organized by a central planner within the government. 
• Governments Can Sometimes Improve Market Outcomes. When a market fails to allocate resources efficiently, the government can change the outcome through public policy. Examples are regulations against monopolies and pollution. 

How People Interact

• A Country's Standard of Living Depends on Its Ability to Produce Goods and Services. Countries whose workers produce a large quantity of goods and services per unit of time enjoy a high standard of living. Similarly, as a nation's productivity grows, so does its average income. 
• Prices Rise When the Government Prints Too Much Money. When a government creates large quantities of the nation's money, the value of the money falls. As a result, prices increase, requiring more of the same money to buy goods and services. 
• Society Faces a Short-Run Trade off Between Inflation and Unemployment. Reducing inflation often causes a temporary rise in unemployment. This trade off is crucial for understanding the short-run effects of changes in taxes, government spending and monetary policy. 

These principles are also connected in our daily choices or decision. Which means how we react in circumstances can also affect others.

Example: Market is composed of buyers and sellers.
If you are going to choose between a goods imported from other country rather than the goods sold by our own country, it will affect our economy because it will increase the demand in other country and decrease our own production of goods. The money or the profit will go to others rather than in our economy.

Our way of thinking and choosing will also have a great impact in our economy in terms of supply and demands which will affect in our GDP (Gross Domestic Product).

Law of Demand cet. Par as price increase quality demanded decrease.

What is GDP? It is a market value of all final goods and services produce within a country in a given period of time.

Equilibrium is a state in which price has reach the level where quality supply is equal to quality demand, which means you satisfy the customers demand by giving them the supplies they needed.

Economics also measures “Elasticity”- a measure of how much buyers and sellers respond to changes in market conditions.

Reason we should consider for shifting or changes: price of related goods, consumer income, taste, expectations and number of buyers. It will be a great help for the suppliers to know this because they can base their production in this guidelines for their target market.


Our government has ways to increase productivity
1. Encourage savings and investments
2. Encourage investment from abroad(foreign direct investments and foreign port folio investment)
3. Increase education and training
4. Establish secure property rights and political stability
5. Promote free trade
6. Promote research and development

To avoid the decrease of productivity they encourage savings and investors from inside and from outside the country to have more jobs and production of goods. They also increase education and training that is why we have our K12 program in education to make sure that they have all the knowledge needed to work. Additional training, student having their on-the-job training to make sure that they have idea in their chosen field; In workers they give seminars and additional training to improve their knowledge and to cope up in fast technologies and economic changes. We also have laws to protect our property and our ownership, and to make sure that we have what we deserve especially for the workers. We also encourage sectors to have additional research and development to make sure that we are not late in improving product quality and services, especially in technologies for fast production and distribution.


We also have the effect of population growth to an economy:
1. Stretch natural resources
2. Dilutes capital stock
3. Increase probability for progress

Due to the growing population of our nation we stretch the use of our natural resources to improve production and distribution and because of the increase in production we increase in the total value of a company's stock with no change in the value of company assets. Because of the good production in our economy we continue to progress.

The role of the government is that it is the one that design taxes, expenditures and regulation to make sure there is a fare distribution to the market and to the economy of the country.

Economics is not just about the government and companies but it’s also about us on how we make choices and how we value things around us, because even if we have lots of product and natural resources if we don’t know how to address each of them, we will not know how to improve or how to sustain our economy in its best.

Economics is not just giving what they want and how to earn money it’s about how to control and sustain, knowing your limitations and improving what you have without over using it.

“Remember what we have today is the result of what we did yesterday but what we do today will determine of what will happened for tomorrow.”

~ Carmina Flores

Money: A Source of Economy

          What comes to your mind when you heard the word economics? That is the first question that your Economics teacher would ask you, and only one thing for sure the students will answer, no other than MONEY! Why is that money is always connected with economy? Obviously, how will the economy grows without money? And I think that is the reason why money and economy cannot be separated with each other.

            How money can be a source of economy of a person? Economy is the wealth and resources of one person. Once the person get a regular job, the salary he will receive every month will be his source of economy that can help him to meet his basic needs and wants. Economy can be also the wealth and resources of a country. If there are many people who are working and paying their taxes on the government, it is very possible that economy of the country will also increase.

            Did you notice that most of the people always said that our country is very poor? Do you think that is the reason why there are so many people wants to work abroad? I guess yes, that is the reason why they chose to work abroad, for them to meet and provide their basic needs in their daily lives. But I think it is also the people, the irresponsible people is the reason why did our country is not progressing today. It is because of those people who are not paying their obligations such as taxes in the government, and it affects a lot in the economy of our country because where will the government get the resources they need to provide the needs of its people? of course it also comes from us, those people who are gaining benefits from the government that help us to meet our needs and wants.

            But do you think our country is poor? I guess not, why? As a student, my parents have the capability to let me into college and we all know that before you can get to college you need to prepare thousands of money. And today, there are so many college students in our country and even students who are taking masteral degree. And do you think that the government will implement the K+12 policy if they don't have the resources to handle it? So what do other people used as their basis to make their conclusion that our country is poor? Is it because their needs and wants are not given by the government? I am not saying that before you can conclude that you belong to higher class you should first to get an educational attainment in college, I am just saying that before you can get what you want, you need to work for it. Do you think that it is easy for those people who have the capacity to step into college? No! They work hard for it, they sacrifice for it before they reach the top.

            Yes money is the source of economy but it is not enough. You need to work hard, you need to do something before you can gain cash. Money does not have its own two feet that can controls everything, it needs a person, a smart person that knows how to use money in a proper way for it to have a better result in the end.

~ paodiaz

Saving: Key to Independence

They said, the feeling of getting what you want which comes from your sacrifices, hardworking and especially from your own pocket cannot replace the feeling that anybody can give you. But what if you are only a student who depend on your parents? What will you do to get all the things you want to have? Only one thing that comes to my mind. Save. You need to save.

Me as a student, a teenager who wants to have and to buy all the things I need and I want but doesn't have the capability and money to buy all those stuffs, I always said to myself, "Time will come , I will be able to buy and get you, just wait and you'll be mine!" But what happened? Nothing! In the end of the day I did not get what I want. Funny right? It will just stay in my dreams and wait for the right time that i will be able to buy and get what I want. It is easy to say to, the only thing you need to do is earn but it is hard to do especially everything that surrounds you is a big temptation- food. So I thought, is it the money that controls the world? If you will look at it in the reality world I can say that, Yes! Money controls everything. Why? Because everything that the person needs from clothing, shelter and especially food until to the person wants to have, the gadgets and everything else that even without it, people can still live and survive without it, it still needs money to get and have it. Even it is not good to hear but it's true, you cannot live and survive in this world without money.

But what if you are a dependent person, who needs to ask for allowance for you to be able to go to school? It is very embarrassing for you that every time you need to buy the things you want you will always ask money. It is better for you to save money that if ever you want something or there is unexpected that happened that you need cash, you have money to spend for it, even it is not comes from your own hard work but it comes from your effort to save money.

~ paodiaz

Wise Enough?

Philippines, as we all know is one of the most populous country in the world. Filipinos have different cultures and now a days, industrialization is being developed. One economic problem of the Philippines is the declination of the Philippine Peso. On the economy, the value of the Philippine peso has gone down which resulted into a downfall in the stock market. 

Another economic problem is the reliance on remittance. For example, President Gloria Macapagal Arroyo during her term, she had discussed about the development of the Philippine economy by the year of 2010. This had cause extensive asset privatization and a lot of far reforms and many of our investors had been taken by the other competitors from the Philippines. Especially infrastructure and outsourcing are the ones that are greatly affected and this has let the Philippines in an unequal development of regions.

As we can see, these are only few economic problems of the Philippines and most of it is the responsibility of our government. Government is one big factor in the control of our economy. But we people are the one who is responsible to choose a good leader. We should use our minds and hearts in choosing the next future leaders in our country. Pick the right ones or else we will all be suffering from different circumstances. We should be civilized enough to choose the right thing and the right leaders for our country. So, this coming senatorial elections, we should choose leaders with BIG PLANS, BIG DREAMS, and a BIG HEART. NOT only for his country but for his people.

~ PLVC

MONEY MEASURES!

Money is an essential thing on earth as how others define it, they give value for it more than anything else, it is almost everything in others eyes.

Money is one of the fuels that the world craves. We all strive hard for it. Some of us are willing to work hard and take risk just to have it but some people tends to do crimes and others things that violate the law just to have even small amount. Because in reality we can never just stand up, look on the floor and bend knees to pick a coin. There’s always trade off after all.

It is not easy to have money as how easy it is to spend. I can say that nowadays in almost everything there is money involved. Yes! It can measure success, it can buy power nor fame and time but it can never measure the true happiness.

We as students  it is the learning that we've gain, awards we've got, number of exams we passed, number of times we excel and how many times did we failed and stand up to prove we can do better is the important thing that can satisfied ourselves.

Yes! Money can buy education but money can’t buy the knowledge and learning we've gain from it. Because knowledge is the wealth that has no equivalent amount it is the wealth that nobody and nothing can take from us. Education and perseverance is the biggest investment for a better living.

It is a typical thing for us students to depend our allowance from our parents. They strive hard in order to give us what we need and sometimes those we only want. Sometimes they give us enough, sometimes it is less than what we need and rarely it’s more than what we ask.  

But as less or more it is, we always needs to be as practical as needed and as we can. 

Not only for us to prove that we do really appreciate the efforts of our parents but also because we don’t even know what tomorrow may bring.

As early as now we need to know the true importance of money in our lives.  Never let money introduce itself to you. And never blind yourself with the power that money brings to us. Money measures your personality based on how you spend it and how you make use of it. Saving money, measures your concern about your future needs which is a good thing because it shows how much you value a thing. While spending money for your happiness “sometime” is a good thing too in the other hand, because it shows that money is just a thing for you and the true happiness is much more important than that.

~ Elise Calderon

TOURISM UPFLITS OUR ECONOMY

The flourishing tourism industry has great attributions to the economy of our country. As we can see in different forms of media, more and more attraction sites are being discovered and developed for adventures and recreational functions. To mention the few are the sites for zip line and cable cars tripping, water surfing, diving, hiking in the rain forests, biking, horse riding and artificial lakes are being built for boating. Isn't that fun that we can enjoy the world class recreation here in our country? PRACTICAL WISE the locals would want to explore all these great places and good services that foreigners are here for. 

The people living in the communities where these attraction sites are, have lots of job opportunities in the development and promotion of their place. Big and small entrepreneurs can venture in introducing their products to the visitors. More visitors mean more consumers and for fast production there's a need for more workers.

The faster the service, income with good profits comes quickly. Of course the quality of the craftsmanship or the taste of the Philippine products are highly acclaimed worldwide, that is why despite of the calamities brought by the weather, tourists keep coming and for their satisfaction more and more amusement sites, more innovations in the hotel accommodation and services with hospitality are given to them.

In tourism industry, almost everybody can earn a living the farmers, the fisherman, the hog and poultry raisers, the nipa hut builders, the entertainers, designers, painters, vendors, gardeners, pedicab drivers, everyone could have their share as we can say tourism is the root of all jobs.

~ Elise Calderon

What Makes The World Go Round?

            Is it love? Yes, just like any romantic movie or love song would say but reality speaking; money is the more appropriate answer. It is not that money is the entire thing that matters but it is the money that makes all things gets through everyday. How is it so?

            Imagine yourself without money for a day, for a week or for a year. It’s not easy, perhaps not even possible nowadays, isn't it? Just like food, shelter and clothing, money is now one of the mankind’s necessities for it is the driving force that makes the world goes round. With it, life will be easier because it gives us the power to buy or acquire the things that we need. With it, we can be able to go to a university and get a college degree and get a good paying job. So much for the good things that money can help us with but little do we know are the advantages that it has for us that literally mean “money makes the world go round”.

         Everyday we do trade: an exchange where both party benefits. On a larger scale, companies, industries and societies that make up the economy also do the same thing. Money is the current ideal trade off for it is an invention that the whole world considers the best exchange for a product or service. It flows every minute of everyday in our society. Each transaction that is happening right at this moment like investment and payroll are all using money. It is the common denominator of the supply and demand around the world and also the driving force of all economic activity relating to consumption, production, exchange and distribution. Money is like the fuel that keeps the society of all nations running and it is also weight that keeps the global economy balanced.

            In conclusion, money is an important tool to mankind not just because it makes life easier but it also helps our economy flow smoothly and yes, MONEY MAKES THE WORLD GO ROUND.

~ abrila

Tourism Economics

            It is no doubt that tourism industry is one of the supporting arms of our country’s economy. This is the reason why our government is putting an effort in marketing our country all over the world. One of the Department of Tourism’s tactic that already caught the attention of many in the global market is “It’s more fun in the Philippines”. This tourism advertising campaign helped the industry gain over 4 million tourist arrivals last 2012. 

             As of January this year, our country already welcomed 436,079 visitors. It is a 6.09% growth from last year’s 411,064 number of tourists for the same month. Our country’s top ten visitor markets are from Korea, USA, Japan, China, Australia, Taiwan, Canada, Singapore, Malaysia and United Kingdom. How did this over 4 million tourist arrivals help our economy?       

More tourist arrivals mean more money and jobs that will follow. Tourism helps the economy by generating money from tourists’ expenditures like staying in a hotel, eating at restaurants, paying entrance fees, buying souvenirs, renting cars and so many other things. Moreover, tourism leads to opportunities for business. It helps build new products and services that would not be possible if the market is just the local residents alone. This development will thus lead to more employment opportunities for the local people.

                  

       Tourism can also strengthen the local economy by making it rely on other new ideas for progress not just on the usual source of income like agriculture or fishing which are subject to price fluctuation. Furthermore, tourism can create a multiplier effect. It means that the impact of tourism on tertiary sector like hotels and restaurants will also have a good effect on secondary and primary sectors like suppliers and farmers or producers respectively. In other words, the increase in tourist expenditure produces an increase in national income and consumption greater than the initial amount spent.

          

      In conclusion, tourism is starting to do its job to support our country and it presents a very good potential for more economic growth in the Philippines.

~ abrila

source: January 2013 Recorded 436,079 Visitors to the Philippines