Journal Topic 13: Supply or Demand?

I think it is more effective in keeping the economy healthy by using supply-side economy, because it focuses on  stimulating production (supply) to increase business output, create incentives for business investment, makes people work, save, and invest more, and it also causes businesses to increase output. I think it is good to invest into those businesses than people have more money. Demand-side fiscal policy is a plan to stimulate aggregate demand, and supply-side fiscal policy provides incentives to producers to increase aggregate supply. Because supply-side fiscal policy provides the producers to increase the aggregate supply in the economy, and use the money to build the infrastructures, such as new highway road system, national parks, and other public services. Most governments believe that improved supply-side performance is the key to achieving sustained growth without causing a rise in inflation. Because the supply-side fiscal policies can increase the productivity in the county, the government can create more jobs for people to apply, which then encourages the start-up and expansion of new businesses. There must also be a high enough level of AD so that the productive capacity of an economy can actually be brought into play. I think that supply-side fiscal policy is still best for the economic growth.

Journal Topic 12: Role of the Government

I think that our government should keep their hands off our country's economy, because some people believe that our government is very corrupted. People that had paid taxes have complained about how they did not see their money being used as the operating budget or the capital budget.  I think would be the best for people to pay less tax to the government, but pay back more to the producer company.  Then government can collect more tax money from the companies rather than directly charge huge amount of money on each individual.  I do not think that Federal Reserve Bank should manipulate interest rates to try to achieve the same goals. The goal of the government should keep people safe and defend the country instead of helping the economy system. Our country should be like the United States government, charging citizen taxes and also keeping them safe and having Medicare programs that help people later o in their life.  Although I think that, our government is doing a great job in the national medical insurance programs, I still think that government should keep their hands off the economy

Journal Topic 11: Unemployment

I think jobs like doctors, lawyers, architects, and designers are more resistant to unemployment. On the other hand, jobs like electricians, convenient store cashiers, and cleaners are less resistant.  Because professions like doctors, lawyers, and architectures, they only have limited amount of people who study in them, they are more unlikely to be unemployed and lose their jobs. For those who work as electricians, convenient store cashiers, and cleaners, they only need some knowledge to apply for the job, therefor, there can be easily substituted by any other workers who have better knowledge and educational level. The difference between those two categories of professions is that the former professions are more educated and the latter professions are less educated. My potential career could be an interior designer.  I think because there are so many people who work as designers, the job is less resistant to unemployment. I do not think that there is any influence on why I choose my future career.  I think if have more and better skills than some other interior designer, I will have less chance to get unemployed by any other company.  If I am good, enough this I can also be my own boss, and work for myself instead of working for other companies.

Topic 10: How to Boost My "GDP"

As a student I think besides schoolwork and school materials, I can also increase learning by utilize my technologies such as computer, media player, and cellphone.  I can also increase my productivity by learning in school, which is required in the United States. Sometimes, I think the media can also help to increase my productivity because they often tells us something that we do not normally know about, such as the traveling channels, discovery channel, national geographic channel, and news channels. For every second we live on Earth I will always be learning and getting new information from the outside world. Most of the materials I learned and experienced so far are from teachers and family members. Anything else seemed to me as entertainments. On other time such as bed time I can also increase my productivity by listening to my iPod because I have all the language learning podcasts and audiobooks on my iPod that way I can get it when every I want. Parents who let their children attend such expansive private school such as Pacific American School are putting their investments (children) at risk. After the children graduated from the school, their contributions back to their parents are minimal, who was not expected from parents’ point of view. I do not think the cost, which is invested in to the education, will equal to the profit and result. 

Topic 9: Financial Markets

I might want to invest in pension accounts.  In terms of investing in financial business, the more time and money one has will be better.  The downside of pension accounts is to gain less money every time I get my salary. I do not think that there is any risk involved in pension account. The more money I save in to my pension account, the more I will get back when I retire from a job. The early I get involved into my pension account, the more I can gain back when I retire.
The first is to earn dividend payments, which are a share of the corporation’s profits that are paid back to the corporation’s stockholders. The second reason is to earn capital gains by selling the stock at a price greater than the purchase price. In my current life stage, I probably do not have enough money to buy a stock and I also cannot take the risk of losing the money. Bonds that are backed by the U.S. government are also considered to be almost risk-free because it is highly unlikely that the government would not pay back its loans. Almost all other investments carry some risk.
 I find it to be very attractive because I do not have to risk anything in order to make my investment. I think sometimes it is better to save all the money, and use it later when I retire so that I do not have to worry about my expanse and income.  The earlier I can start to gain money in the pension account the better. Rather than choosing other types of investment like CDs and mutual funds, which I have to take the risk of losing my money, I can just save all the money and use it later in my life. This not only will benefit myself, I also can use the money from pension account to educate my children and grandchildren.

Topic 8: Money

Money means something that I can exchange with what I want legally. In fact, money is anything that people will accept as payment for goods and services. Whatever it is that people choose to use as money, it should perform three important functions. It can be exchanged through goods and services. Money also serves as a standard of value, the yardstick of economic worth in the exchange process. It allows people to measure the relative costs of goods and services. Money acts as a store of value, that is, something that holds its value overtime. People, therefore, do not need to spend all their money at once or in one place; they can put it aside for later use. They know that it will be accepted wherever and whenever it is presented to purchase goods and services.  I always get my money from my dad and my mom, and during the Chinese New year I get money from the closer relatives and my parents. The total amount is about $3000 NTD, I think money is really important to my life, because without them I cannot do anything. (ex. I need money to go to school, and to buy food to eat order to survive) I think I need more that I have now, because by the time I need to go to college I will need much more money then now. But when it all comes to money I have to be intellect and sensible of what I do for to get it. 

Journal Topic 6: Who is Running the Show?

I think PAS is a sole proprietorship business organization.  The reason why I think PAS is a sole proprietorship business organization is that the owner of the organization has the full control and access of the organization.  In addition, the Sole proprietor has satisfaction of running business his or her own way, this character of the advantage of sole proprietorship determined that PAS is a sole proprietorship business organization.

I think Mrs. Pamela created PAS.  The to-start funding of the school came from people who actually wanted to be involved in the education of American school students, which are people who have experience in applying American universities and colleges.  The decision maker of the organization is also Mrs. Pamela, because she is the person that controls the school and makes the decision.  In terms of sole proprietorship business organization, PAS have limited life but unlimited liability.  From what I know so far about PAS, any other various parties do not share the debts and costs, it is one party of its own.  After all the costs and debts are paid, the profit usually goes to the owner, which is Mrs. Pamela.

The reason why sole proprietorship was chosen was that the owner of Pacific American School controls every regulation, rule, student, and staff. The advantages could be there will be no conflict between the partners (which there is no partner) and the stockholders are not controlling the organization. The disadvantage could be that PAS is short in funds.

If I were going to start a school, I would choose sole proprietorship business organization, because it would be easy to start up and close down a business.