022714 Blog Post

This week in class, we learned about different government spending. We mainly learned about the mandatory and discretionary government spending programs. I thought it was very interesting to learn about how much we spend on different things. I was very surprised that the government spends so much on welfare, social security, medicare, and medicaid . The mandatory spending is required by law and makes up more than 50% of federal spending. Discretionary spending has to approved each year, and can change. National defense is our largest discretionary expenditure, which makes up over 50% of discretionary spending. I thought it was very interesting to learn about all of these, and learn the difference between the two.

022014 Blog

Today in class we had a town meeting. We had to make a decision on whether or not to have a Walmart come into our town. Throughout the week, or least from when I was there, we researched how Walmart could benefit the town of Weserville. We also researched how bringing Walmart into Weserville could be bad for Weserville. It had many up sides but also downsides with factors such as small businesses. We made the decision of bringing the Walmart into Weserville after some negotiating with the Walmart corporations. I really liked how we interacted and discussed with each other to come to a decision.

021314 Blog Post

This week in class we learned about incentives and circular flow models. I really enjoyed learning about the circular flow models because we did it in a fun and understanding way. We all went into the gym in groups and demonstrated the way circular flow charts work with us being the different aspects of the model. I like this topic because it shows the income of producers and consumers and shows how each aspect benefits or uses the items to their advantage. It relates to today's society because everything is like a big circular motion, you have to have resources to make a product, someone to make the product, someone to buy the product, and so on. 

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Hey, my name is Caitlynn......and yeah