Principles of Microeconomics
WLC BUS 181 - Micro Economics
10 Principles of Economics – Final Paper
Professor Kudek
Samuel Barreto
04/11/2013
Principle #1: People Face Trade-Offs
This article released by the World Bank talks about education in the country of Colombia. According to this article only 37.2% of young Colombians continued their studies or training after high school in 2010. The government’s goal is that half of young Colombians continue their education after high school by 2014. Colombians with a bachelor’s degree earn about 3.5 times more than one with a high school certificate. Colombians face a trade off by continuing their education they can define the future of their nation. The Colombian government has their own government-funded system of financial aid for students. Colombians have to trade in time, money and effort in order to earn a better life and a more rewarding job.
People Face trade-offs in many ways, one great example is in this article. Spring-cleaning, which is consider a pain by many but it can make a home feel like new. This article explains different ways to outsource some work without spending a lot of money. You could tag-team with someone, family, friend or neighbor that way you can get more done in less time. Seek out daily deals for cleaning services, many websites offer daily deals and coupons for cleaning services. Not only you have to do home cleaning but digital cleaning as well. Take advantage of your work’s technology office to help you with it for free.
http://www.worldbank.org/en/news/feature/2013/01/24/colombia-more-success-in-higher-education-more-opportunities-for-youth http://www.foxnews.com/leisure/2013/02/14/dreading-thought-spring-cleaning-how-to-outsource-some-drudgery-on-cheap/ Principle #2 The Cost of Something Is What You Give Up To Get It
In this article Dan Primack introduces us to the memo written by Michael Dell in which he gives a detailed outline of Dell’s plans for the future. One of the big
10 Principles of Economics – Final Paper
Professor Kudek
Samuel Barreto
04/11/2013
Principle #1: People Face Trade-Offs
This article released by the World Bank talks about education in the country of Colombia. According to this article only 37.2% of young Colombians continued their studies or training after high school in 2010. The government’s goal is that half of young Colombians continue their education after high school by 2014. Colombians with a bachelor’s degree earn about 3.5 times more than one with a high school certificate. Colombians face a trade off by continuing their education they can define the future of their nation. The Colombian government has their own government-funded system of financial aid for students. Colombians have to trade in time, money and effort in order to earn a better life and a more rewarding job.
People Face trade-offs in many ways, one great example is in this article. Spring-cleaning, which is consider a pain by many but it can make a home feel like new. This article explains different ways to outsource some work without spending a lot of money. You could tag-team with someone, family, friend or neighbor that way you can get more done in less time. Seek out daily deals for cleaning services, many websites offer daily deals and coupons for cleaning services. Not only you have to do home cleaning but digital cleaning as well. Take advantage of your work’s technology office to help you with it for free.
http://www.worldbank.org/en/news/feature/2013/01/24/colombia-more-success-in-higher-education-more-opportunities-for-youth http://www.foxnews.com/leisure/2013/02/14/dreading-thought-spring-cleaning-how-to-outsource-some-drudgery-on-cheap/ Principle #2 The Cost of Something Is What You Give Up To Get It
In this article Dan Primack introduces us to the memo written by Michael Dell in which he gives a detailed outline of Dell’s plans for the future. One of the big
Cited: Primack, D. (2013, April 01). Michael dell lays out his plan. Retrieved from http://finance.fortune.cnn.com/2013/04/01/michael-dell-lays-out-his-plan/ Von Hoffman , C Mutzabaugh, B. (2013, April 04). Avoiding southwest? frontier airlines to exit grand rapids. Retrieved from http://www.usatoday.com/story/todayinthesky/2013/04/02/frontier-will-avoid-southwest-pull-out-of-grand-rapids/2045193/ White , S., & Aloisi , S Wohl, J. (2013, April 09). Wal-mart funds supplier training after bangladesh fire. Retrieved from http://www.foxbusiness.com/technology/2013/04/09/wal-mart-funds-supplier-training-after-bangladesh-fire/ Smith, A Becker, A. (2013, April 08). Hanover trade fair explores 'industry 4.0 '. Retrieved from http://www.dw.de/hanover-trade-fair-explores-industry-40/a-16726686 BBC , N Welle, D. (2013, April 10). Luxembourg agrees to help fight tax evasion. Retrieved from http://www.dw.de/luxembourg-agrees-to-help-fight-tax-evasion/a-16733039 Hargreaves, S Christina Bergmann (2013). Is a US manufacturing resurgence underway?. [ONLINE] Available at: http://www.dw.de/is-a-us-manufacturing-resurgence-underway/a-16716916. [Last Accessed April 10, 2013]. Bank, W. (2013, March 15). Fair and efficient growth; the biggest challenge for latin america. Retrieved from http://www.worldbank.org/en/news/feature/2013/03/15/crecimiento-america-latina Schweimler, D Welle , D. (2013, April 10). French central bank urges drastic savings. Retrieved from http://www.dw.de/french-central-bank-urges-drastic-savings/a-16732882 CBS, M Fisher, A. (2013, April 10). Summer hiring is expected to rise sharply. Retrieved from http://management.fortune.cnn.com/2013/04/10/summer-hiring/?iid=HP_River