The Weekly Pondering: Still a more reliable news source than The Sun

Editors note: The Opinions in this blog are sponsored by Hyundai 
Earlier in Class this week we did many super happy fun fun things, such as talk about economics, take quizzes, sit in desks, and listen to Joey. Oh wait, that is every week. Well during this week in particular we did more with the Weserville dollar like balance a checkbook. I sense sometime in the future we will have to do a very large purchase. I for one, think it will have to be a car. If so, I will have to go with the Hyundai Elantra, comfortable, stylish, and affordable! Besides that we talked about insurance. My group did car insurance. What is car insurance you may ask? Lets say you are driving the sporty 2014 Hyundai Genesis and a man who is so awed by the style of your car is blinded by its glory and rear ends you. There is no need to fear! Car insurance will help you pay the damages, so you can hear the sound of that glorious V-8 sooner. That's car insurance folks. I'll be seeing you next week.

You are now reading the blog post that is always fashionably late, its the weekly pondering. So this week in Weserville we did more projects involving the Weserville cash. We bought cell phones, which makes me realize just how overpriced they are. If you didn't get a plan and instead went month to month, a Samsung Convoy flip phone cost $200. You could get a used iphone for half that. Additionally, we learned about banks and credit unions and the types of accounts you can have. Money market accounts are interesting in they have a much higher interest rate but are very limited when it comes to spending and making deposits.
Well, I gotta go. Ray is making fun of me for doing work. I need to report him to the anti bullying advocate.  :(

From One Red Paperclip to a full sized blog post...

During this week in finance we did many things including learning about economies in developing countries, particularly the ones we researched. (I'm showing my Djiboutian pride people!) Also we were assigned a project to trade a red paperclip and see what item we can get by monday! I am so totally gonna win! :D

Due to a ray of disturbance during the voting process, Weserville did not get a Walmart. I am sad. Anyways, this week in Econ we learned about inflation and the GDP of a country, what they mean, and how they are calculated. We also looked at 10 different countries and their economies. Russia sure has their act together when it comes to their national debt! Besides that, thank heavens its Friday.
This is Ben Signing out.

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Wally World!

This Week in the always fantabulous personal economics class, Wal-mart wants to come to Weserville! Is this a good or bad thing? We will need to wait and see. Of course though, Weserville will want the store to set up shop here, right Joey? Additionally, we watched the movie "When Wal-Mart Comes to Town." This movie takes place in Ashland, Virginia. Wal-mart did set up shop there, and I expect to see it come to Weserville.
Have a wonderfully acceptable day~

Quizzes, tests, and midterms oh my!

This week in understanding the science of moolah, Weserville got flooded and we learned how a sudden drop in resources can cause a massive spike in prices, even for tomatoes. Additionally that day off was nice, but those surprise quizzes weren't! Even though I did well a quiz is a quiz. Also, next week is midterms. Lets now do some math. If a quiz brings the reaction of panic to kids while taking it, and the midterm is a quiz squared, that would mean the reaction during the midterm would be panic squared, which equals terror. I guess that is why its so close to Halloween. Anyways, as the (insert any adjective describing him here) Joey Link said, keep it classy.

This week in finance we worked a lot on our advertising projects. I made a fantabulous radio ad which is superior to everything. We also had a surprise quiz which, of course, I swell on. We also studied elasticity of demand and did a few formulas about it. As Joey link always says, Stay Classy people.

This week in personal Finance, we talked a lot about the government shutdown. Especially since this is a really big part of the U.S economy and can drastically affect it. Additionally, we talked about how when objects raise in price, the demand goes down and when the price goes down, the demand goes up. Also on Thursday we watched shark tank and had some very delicious Mango Jam. We had some of it standalone and some of it mixed in with cream cheese. I really liked it when it was mixed in with cream cheese, and I hate cream cheese. (Seriously I want more of that Jam, it was delicious)

This past week in Econ, besides talking about Junior-Senior showdown (Juniors master race) we went over obamacare some more, as well as learned about the Nike factory in that video we watched Friday. (Personally I prefer New Balances, I don't like my shoes all shiny.) All in all, it was a hectic week thanks to the showdown. However, we still got things done thanks to the Great Mrs. Weser.

The blog for the week that ends the 20th of September, 2013.

Hello readers! I would like to thank you for reading this Blog about what we did in Finance this week. We started the strangely addicting stock market game that I am totally going to win. We started with 100K and could invest it in whatever company we wanted. Also we learned about ways the government interacts with the economy and what they do to help it out. However, the best part was definitely the Stock market game.

This week in Personal Finance (or is it personal Economics? I still have no clue) we were edumacationized by the almighty Mrs. Weser about the likes of the great bearded one Karl Marx and Adam Smith. Marx came up with the idea for communism, which in his mind was a good economy idea and would actually be more beneficial to society. Unfortunately, the countries that took up communism were not the best equipped countries in the world, so most communist societies fell rather quick. Smith liked the market economy and thought that was the best, especially with no government involvement.

This week in Finance we were edumacated by the great Mrs. Weser about all things related to the types of economies. Of the 3 main types of economies, the one that interested me the most was the command economy. Even though I knew the basics it was really shocking to know that the governments of true command economies distributed everything. That means there were no grocery stores or clothing stores or anything. Its interesting because in these economies the only incentive to work is to not be punished, instead of getting something in return like in a market economy. This will definitely be related back to later on if we ever talk about currency.

http://www.nbcnews.com/business/home-prices-across-us-defy-gravity-6C10985637
By John W. Schoen, Internet article. "Home Prices across the US defy gravity" Published 8/26/13
Lately, the prices of homes has gone up. It has been as large as 17 percent in the Pacific region to as small as 2 percent in the Atlantic area. That may not be much, but it is still an increase. This could be a problem for some people, because now what would have been a reasonably priced home last year could suddenly become much more expensive, removing some lower budget families almost completely out of the housing market. This increase in price could affect other items on the market like cars and consumer electronics. Will they go up in price as well since they are in as much demand right now as houses? How long will the prices rise until they crash down because nobody is buying property?