We promise to update our blogs regularly so do look out for more! Sorry that this looks quite similar to our class blog!

09S7E

Xiong Chen

Kah Hong

Joey

You Hao

Sarah

Bernice

Swee Chen

archives

March 2009

April 2009

Hello friends! Even with the guidelines I'm not very sure what to post haha. Okay never mind I shall just post something and cross my fingers that it's okay.

The winners of this year's Singapore Business Awards said the current crisis is prime for their companies to grow through acquisitions of smaller businesses and distressed assets.

...

Charles and Keith is putting its best foot forward to go against the downturn. It is stepping up expansion plans, with six new outlets in Singapore worth S$1.8 million by the first quarter of 2010.

Source: http://www.channelnewsasia.com/stories/singaporebusinessnews/view/417479/1/.html

My thoughts when I saw this was that these companies are investing in capital goods during this economic downturn - when everything is cheaper - so that when the economy improves, they'd be able to reap the benefits. That is, there would be an outward shift of their PPC.

Although investing in expansion right now means that less resources can be used to produce more goods now, it is actually more practical. Firstly, capital goods are generally cheaper now due to the poor economy. Secondly, many people have been retrenched or had their pays cut, and thus are less willing to spend on consumer goods. The demand for the goods thus falls. If Charles and Keith were to keep producing at the same rate, there would be a surplus of shoes.

Thus, it is more practical to invest in expansion and use less resources to produce goods. Not only would the goods not be in surplus, the greater amount of capital goods once the economy returns to normal would allow Charles and Keith to produce even more capital goods then. When the economy improves, unemployment rates fall, and companies are more free with giving bonuses and raising salaries. With this greater income, people are more willing to spend and thus demand increases. At that time, Charles and Keith would be able to meet this demand, preventing a shortage.

In conclusion, it is indeed the right time now for companies to aim for expansion by investing in capital goods. Companies should by all means capitalise on this economic downturn rather than be smothered by it.

To end off, I found this cartoon very cute. Opportunity cost :D Our favourite word, yes?


Source: http://www.stus.com/

Hoping for coherence and relevance,
Sarah

Hello 09S7E! (:

It's compulsory for us to come up with a roster for everybody to update the econs blog, so here comes the roster! The competition starts from today till 28th June. I've counted and there are a total of 24 weeks! So everybody will be in charge of posting onto the blog for a week each! If you're wondering how the remaining 2 ppl are gonna post, rest assured cos the 2 ppl will be Juliana and me, your ever-cute econs reps!:D Both of us will be posting as much as we can, so don't worry we'll be doing much more than you guys! (:

So basically, starting from this week, we will go down the resgister starting from Sarah (reg no. 2 cos i'm reg no. 1) and the person of that week will need to post at least 1 post that week. Of course, you're not restricted to one post only! Feel free to post as many posts as you want within that week (or throughout the 24 weeks for that matters) 'cos our blog will get more points if everybody posts alot! hehe xD On details of what to blog about, do refer to our econs blog's first post! Details about the competition are all there (:

Just a few reminders! Please remember to write down your name at the end of every post so that we'll know who posted and who hasn't. Juliana and I will be keeping an eye out for people who do not post!!! TSKTSK. Haha. Oh and if you haven't registered as a contributor to the econs blog, do check your email cos the invitation should be there. Do approach Juliana/myself if you have any problems ok! We econs reps will serve you our very best (:

On a final note, the econs blog will definitely help us improve our econs knowledge, so do participate in it actively ok! (: Enjoy Term 2 and visit the econs blog regularly for updates! :D

Love, Bernice(:

Hello 09S7E! Welcome to our very own Economics blog! The blog is open to everybody in our class to contribute, though there are certain regulations to follow as stated below:

1. All entires need to be original and not a duplicate of any print, otherwise, state the source of the entry and acknowledge the writer/author concerned

2. No obscene, offensive and indecent content containing raicial or ethnic slurs, explicit language or sexual content must be published

If you're wondering what you can blog about, here are some suggestions:

1. Review of interesting economic articles from journals/internet

2. Economic jokes/cartoons that illustrate certain economic concepts

3. Video clips depicting certain economic concepts

4. Q & A's "forum-like" postings on views and comments that are economics related among class members

5. Any other relevant economic postings that will enhance the class's blog (i.e. ILP work, essays etc)

Do note that this competition will take place between 23 March 2009 to 28 June 2009. The judging criteria is as follows:

1. Content relevance (application of concepts): 60%
*Foe an eg, pls visit this blog created by C2 during last year's humanities week: http://hcc2econs.blogspot.com

2. Active and Consistent class participation: 30%
* Econs reps will roster students to participate in this blog. If every student participates once, the class will get 20%, thus the remaining 10% would be reserved for classes with participation rate of more than that.
**This component will also contribute to your INDIVIDUAL CLASS PARTICIPATION MARKS WHICH IS PART OF YOUR CONTINUAL ASSESSMENT

3.Creative use of multimedia (eg flash/music/photographs): 10%
*Please ensure that the use of multimedia is not as the expense of navigation ease

Impt: Judging of the blog competition is NOT a one-time event but a series of on-going 8 weeks of assessment by Mrs Ip (i.e 23rd March-28 June 2009)

Now for the exciting prizes to be won! (:

Best blog will receive a cash voucher of $200! Next 2 best blogs will receive a cash voucher of $100 each. Results will be announced on 23rd July 2009.

We will be coming up for a roster for each of you to participate in this blog, so do look out for it and please participate actively in this event! Meanwhile, have a wonderful holiday next week and rest well! (:

Cheers,
Econs Reps (Juliana and Bernice)