Computer simulation 11/12/09

Download the slide here

Taxation 11/11/09

Good knowledge in economics offers favorable possibilities:
It guides us.....

1. How to make a living
2. how to use wisely our money
3. how to run your business
4. how to distribute available scarce resources
5. how to maximize profits and customer satisfaction

poverty-root cause---> unfair distribution of productive resources among members of the society.

Taxation 11/13/09

Economics ->Greek word(oikonomos), oiko - house, nomos-law/customs / management-> household management

this means it all started in GREECE
City/states:
Babylonia/Babylonians->started the terminology mortgage and interests
Phoenicians->Started the formal commerce of the country and the importance of circulating the money in the market or what the call barter.
Hebrews and Hindys in asia-> aims perfectness and happiness(nirvana)
3 Virtues:

1. there should be INDUSTRY
2. they must have CHARITY
3. you must have HONESTY

Names/greek people related to economy:

• Plato-> greek philosopher who espoused the idea of economics of division of labor
• Aristotle->mentor of Alexander the great,giving importance to money as a means of exchange.
• Aquinas->crusaded the distributive justice and compensatory justice.

Nature of Economics:

• as a science, it is still young
• from all the sciences, Economics is the youngest
  
• 1776-in this year Economics is referred as social science
• also in this year Adam Smith studied america and its tribal wars,
• "Wealth of Nations" by Adam Smith is the bible of Economics.(People + Land=Economics)

Related Sciences:

• Sociology
• Politics
• History
• Geography
• Physics
• Religion

Literature 11/13/09

Definitions:
->A written record of man's best thoughts and feelings.
->Consists of writings that interpret the meanings of nature and life in words of charm and power touched by the personality of the author in artistic forms of permanent interest.

Functions:

1. It awakens a lively sense of pleasure or a profound emotion of sympathy.
2. It quickens your love of beauty or truth or goodness
3. It motivates you to a generous thought or a noble action.

Characteristics:

1. Aesthetic -> You know how to appreciate the beauty of a certain thing.

-> the beauty of literature lies in its form.
2. fictional -> Created, imagined -> not true
3. true -> lessons are true to life
-> lessons learned after is based on reality
-> applicable to our own life experiences
4. expressive
5. affective -> you can immediately get the readers response
6. permanent-> universality
-> the theme will always be there
Aims:

1. to entertain
2. to educate

Brain teaser for the day!

A 30 year old man married a 25 year old woman. She died at age 50
and her husband was so devastated that he cried for years. Ten
years after he stopped crying, he died. If he had lived to be 80,
how many years was he a widower?

(comment<=answer)

source:http://www.amusingfacts.com

Here are some Amazing facts for today

• Peanut butter is an effective way to to remove chewing gum from hair or clothes.
  

• An apple, potato, and onion all taste the same if you eat them with your nose plugged. They all taste sweet.
  

• According to Scandinavian traditions, if a boy and girl eat from the same loaf of bread, they are bound to fall in love.
  

• Budweiser beer is named after a town in Czechoslovakia.
  

• According to legend, tea originated in China when tea leaves accidentally blew into a pot of boiling water.
  

• A piece of French toast that was partially eaten by Justin Timberlake sold on eBay.
  

• Frozen food can be just as nutritious as fresh food.
  

• The McDonald's in New Delhi, India makes their burgers with mutton as many Hindus do not eat beef.
  

• Chewing on gum while cutting onions can help a person from producing tears.
  

• The most expensive spice in the world is saffron.
  

• Pancakes are served for breakfast, lunch and dinner in Australia.
  

• In 1994, 7-Eleven coined the term "brain freeze." The word was developed to explain the feeling people get when drinking a Slurpee.
  

• By federal law, for a noodle to actually be a noodle it must have 5.5 percent egg solids in it, otherwise it cannot be called a noodle.
  

• The French have a doughnut called "Nun's Fart."
  

• The biggest hamburger that was served was 8,266 pounds. It was made at the Burger Fest in Seymour, Wisconsin.
  

• The largest hamburger cooked in the world weighed in at 6,040 pounds.
  

• Alcohol beverages have all 13 minerals necessary for human life.
  

• The most popular meal ordered at restaurants in the U.S. is fried chicken.
  

• Approximately two gallons of water are used to brush your teeth.
  

• A common custom in Spain is to eat one grape for each of the last 12 seconds of every year for good luck.
  

• Americans consumed more than twenty billion hot dogs in 2000.
  

• Canola oil is actually rapeseed oil but the name was changed in Canada for marketing reasons.
  

• Egyptian pyramid builders used to eat a lot of garlic because they thought it would increase their strength.
• An egg that is fresh will sink in water, but a stale one won't.

• On average, each American consumes approximately two hundred and sixty pounds of meat in a year.
  

source:http://www.amusingfacts.com

The Twelve Days of Christmas

Since Christmas is fast approaching here is a simple fact about one of my most favorite Christmas song.
THE TWELVE DAYS OF CHRISTMAS

1 True Love refers to God
2 Turtle Doves refers to the Old and New Testaments
3 French Hens refers to Faith, Hope and Charity, the Theological Virtues
4 Calling Birds refers to the Four Gospels and/or the Four Evangelists
5 Golden Rings refers to the first Five Books of the Old Testament, the "Pentateuch", which gives the history of man's fall from grace.
6 Geese A-laying refers to the six days of creation
7 Swans A-swimming refers to the seven gifts of the Holy Spirit, the seven sacraments
8 Maids A-milking refers to the eight beatitudes
9 Ladies Dancing refers to the nine Fruits of the Holy Spirit
10 Lords A-leaping refers to the ten commandments
11 Pipers Piping refers to the eleven faithful apostles
12 Drummers Drumming refers to the twelve points of doctrine in the Apostle's Creed

SOURCE: http://www.carols.org.uk/the_twelve_days_of_christmas.htm