RS- Not Everything Sucks

The first video was on the wealth and health of 200 countries in 200 years.  Hans Rosling took a really creative approach to this with the help of a technical group.

They effectively made stats of the richness of a country and health of a country into a very interesting 3-D graph. Seeing all these countries rise and fall during different times in the world was very cool. Rosling specifically pointed out WWI and how the countries who lost that war fell dramatically. And then fast forwarded to present day and see how the future looks very bright and how every country has improved.

I really wish in stats class we did projects like this because that was very interesting and had a really cool outcome.  This just shows the statistics is a cool subject even though when sometimes it seems really dry.

The second video was on Peter Diamandis talking about the world and the US’ future. He is very optimistic about the United States and the world’s future because how much it is improving. He even says "I’m not saying we don’t have our set of problems; we surely do. But ultimately, we knock them down.”  

The future looks bright for us. Even with rising prices there is still hope and even these two men still believe in a bright future.

RS- Spring Break

1.       What is your strongest memory from this class so far

My strongest memory from this class so far is making the Xtranormal video with Tom Breen and Nick Ballas. To me this was a fun way to learn more about economics while also putting humor in it. It was a different method so the students weren’t stuck doing the same thing over and over again.

2. What is your strongest memory about an economic concept

My strongest memory about an economic concept is learning about supply and demand curve because economics is all about supply and demand. If the supply and demand curve change the whole outcome of revenue will change and that is really important.      

3. Why do you think I had you create the xtranormal video

I believe you made me create the xtranormal video to expand our horizon on economics and also our creative side. Everyone knows that sitting in a classroom doing economics problems is better than watching Jersey Shore but sometimes people have to do something different and I think the xtranormal was that different thing to keep us interested.

4. What was your favorite topic to write a blog post about? Why?

My favorite topic to write about on a blog post was probably this one. This one is my favorite because they are questions that I can answer directly.

5. What blog post do you think you did your best work on? What was good about it?

 The Katy Perry blog post I believe I did the best work on because the information I got on her also because I love Katy Perry. The music industry is also very interesting to me to I really wanted to look into the financial side of it.

6. What about the Engel Indoctrination Program (this class) has made you a better person? Or are you worse? If so, why? As always, creativity counts

I know this class has made me a better person because I have learned to be more economical in my decision making and know how to manage my money better. Also I have learned  that you love Florida State University and this had made me a better person listening about all the great things FSU has done in the world because besides Sacred Heart University, Florida State University is the best University ever.

RS 7- Moon Shine

This podcast was published in August 2010 and it is about the Alcohol Prohibition.

The prohibition was awful for people in the United States. Alcohol is such an economic growth for the United States. So in the prohibition people used Moonshine which was inelastic good because people will still buy it. People will also still drink is as much as possible because it makes people happy. Even though most people don’t know that alcohol is a depressant.

                FDR used to go to a little cove in Georgia and buy moonshine. FDR loved moonshine and even swore to protect the law against drinking alcohol. People still loved alcohol during moonshine and still drank it.

During Prohibition you couldn’t get beer because it was hard to hide. So spirits and hard liquor was easy to hide so more people started drinking that which helped the economic growth in revenue. 

When FDR was running for president he said he would repeal the 18^th amendment and people loved it. This was also very economical because once he took office the U.S was in the Great Depression and after making alcohol legal this helped the United States make peace with the Great Depression.

I learned that Alcohol is an inelastic good and always will be one because how much people enjoy it.   

RS 7 & 8 Mix-up

Sorry Professor Engel, I accidentally wrote RS 8 for RS7 and RS7 for RS8.



---FSU ACC Champs....got to love it

RS 8- Why a Dead Shark Costs $12 Million Dollars

This podcast was produced by Jacob Goldstein. This article is about a piece of art and how it is priced. Sometimes people think it is way too high while other people could think the piece is worth a lot more. Formula for the price tag is, the size, intensity, and medium ( what the art wood is like a painting or sculpture). 

The reason why the Shark made of aldehyde is worth 12 million dollars because the artist is very famous. The piece is rather large and really rich people would love a shark made of aldehyde in their mansion.  This piece is also very rare. There are not many pieces that are full length sharks. This makes the price go up even more and also the shark being in aldehyde will help preserve the shark for a very long time.

These are some reasons why this shark would be worth $12 million dollars. I would never want a shark in my house in the first place but I guess to some people that would be pretty cool.