Theme Thursday - Equal

Well my week has been fulled with economics. It used to be my favourite subject. I Loved how an understanding of it gave insight into everyday things. It used to excite me, I'd tell people about the wisdom I'd just found or the links in everything. Cause when you boil everything down in a pot, almost everything is economics. Which can be summed up in the simple sentence "Economics is the study of people and how they use there limited resources to fulfill there unlimited needs and wants". That can be even further simplified into the sentence people respond to incentives.
Supply and Demand. The point at which people agree to purchase so much of a good or service and other people agree to produce that amount. When the supply is equal to the demand. The incentives could be the need to eat, money, clothing, anything. The point is in any given market there is equilibrium. The point at which everyone is happy! We have allocative efficiency as everyones surplus' are maximised.
This is a perfect market right? If only everything was this simple.
Its not, one person consuming one good might cause someone else pain. Think a drunk driver hitting another car. You now have an example of a negative externality of consumption for alcohol. Now an economist would tell you that any such good although it has negatives also has its positives and so a corrective tax should be placed not a total ban of the good.And we will have allocative efficiency again! Consumption of the good will fall until it equals the desired social quantity! The tax revenue can be used to fix the problem, reduce the number of drunk drivers.
If you understand that you could almost get 5 NCEA credits in NZ!

I hope nobodies been bored to death. I was working on an assignment pretty much all week and that's been the crux of it. Sigh, the boredom of assignments. -.-

Exams

Argh!!! I just did my Maths exams and i was overconfident. I thought id be doing great in them and i was until the last question on each paper! i was like ARGH!!! SO FRUSTRATING!!! I think i may have gotten E's on two off them. But i wanted to ace them to make sure i passed NCEA with Excellence. Now the only way i will pass the year with Excellence is if i aced Economic's, ace Accounting and get atleast on E in History tomorrow!!!

SO BIG!!! AAAAAAARRRRRRRRRGGGGGGGGGGGGGHHHHHHHHHHHH!!!!!

Basically if i miss one of the Excellences im aiming for i will only pass the year with Merit! AND TO ME THATS NOT GOOD ENOUGH!!! I wish i worked harder this year on the internals i had even though i only had like 9 i got E in 4 of them and Merit in 4 and achieved in one. I wish i put just a little bit more effort in those 4 i didnt get with E, even though the some of them were english which im not very good at! ARGH!!!

Im also annoyed that so many of the subjects we've done have been unit standards! They should be achievement standards!!! (Unit standards you can only pass or fail). Its annoying cause Science which im usually getting E's and M's in this year was only unit standards apart from one test (i got E in that). And Religious studies! WTH!!! All unit standards, basically copy awnsers straight from the book! Because of this stupid subject we got offered less topic's in some exams! i mean what the hell! It was a complete waste of 3 periods a week! 30 Periods a term, 100ish Periods! WHAT THE HELL! Great way to waste 100hrs of our lives! Gosh!

Argh, oh well i should be studying for history right now so im going to go do that. I need to get E in one of the things so iv got to learn dates, places, and names of people! AH!!!

Oh well i hope your all going well with your exams and arent as ready to explode as me!