The video of EF School

EF International language school has a lots of videos about it ,Let's choose the city which you and me are familiar and living in by now So yes it is OXFORD. It is a old city and with history also it is a university city.That's why it is small but it is famous. Actually yes it is a good places for study maybe....??!!!!
And let's concentrate on Ef of Oxford.The video for Ef of Oxford.

I think the video was made pretty nice.First the landscapes were very nice in it, and they all choose sunny day big sun and the big place of grass ,and also they added some thing about history in it that's fine,and the music it ok,also when the school was taken ,everything was very nice for example all the table were clean,looks like a very good enviorment ,and also they found some students to speak and to how good is the students in the school.that's a good idea because if a student say this is good is better than any advertise.And the accommodation looks were really good sun can come into the room and looks bigger than real I think.

So the video was emphasize oxford is close to London so good location ,so people may consider come to here. And for London the took some view at night and with beautiful light.

I think it is a good video for EF's image..!

National Income

National Income is income for a country. It is the money value of the flow of output of goods and services produced within an economy over a period of time.About national income I think we could know the living standard of the country.It can reflect the economy of the country.So let's seewhat can affect national income in our economy.

First of all I think a big part of national income is real GDP .So to make more national income one way is to increase real GDP ,and to increase GDP as we know we need to increase Aggregate demand So as we all know AD= C+I+G+(X-M) So we can increase real GDP by increasing each of them.

Measuring the level and rate of growth of national income (Y) is important to economists when they are considering:
The rate of economic growth
Changes over time to the average living standards of the population
Changes over time to the distribution of income between different groups within the population (i.e. measuring the scale of income and wealth inequalities within society)

National Output = National Expenditure (Aggregate Demand) = National Income
So if we could increase Aggregate demand then the national income will also increase and our economy will growth .The standard of living will be better.

Balance of trade deficit

Balance of trade is the relationship between export and import ,export minus import .So if export more than import it is a balance of trade surplus ,if the import is more the export there is a balance of trade deficit. Of course we know that a balance of trade deficit is not a good thing so we have to think about something to solve it.So then let's discuss about it .

There are several things we can do to reduce balance of trade deficit:

1. Increase interest rate ,If we increase interest rate people will save more and the consumption will fall So the aggregate demand of import will fall,So that's can help to solve the deficit.But there is also a negative thing it's the unemployment will rise.
2. Or what we could do is to decrease the interest rate to make the currency depreciate then the export will be more and the import will be less.But also if we do that we may also lose our revenue because the price of the important import will be increase.
3. And the last one is we should make our export more competitive : for example encourage investment , and increasing productivity , education /training,... So if our products are competitive the export will increase and the import will decrease. But still there also have a disadvantage it is those things will happen too slow to affect the economy.

Anyway we know we don't want a deficit in balance of trade ,if we have a surplus our aggregate demand will be more and our real GDP will increase and also our Economy will be healthier...

Aggregate Demand

Aggregate Demand is the total demand for a country's goods and services at a given price level and in a given time period.

The components of aggregate demand are :

C: consumption
I:investment
G:government spending
(X-M): Export - import

So there is a formula AD= C+I+G+(X-M) Okay let's have a look how do those factors affect the Aggregate demand and how does aggregate demand affect the real GDP.
If a increase in aggregate demand the real GDP will also increase.

Consumption-- spend by consumers.If the consumption is high means people spend a lot.If people spend more the demand of people will be bigger so the AD cure will shift to the right then the real GDP will increase .And what will affect people to spend?

1. real disposable income
2. Consumer expenditure and confidence
3. interest rate
4. wealth
5. inflation

Inveatment--spending on captial goods . There are more investment will have more aggregate demand .Because if the Aggregate demand is bigger will have more and more investment so obvious if more investment also will have more aggregate demand.

Government spending --spending by central government on goods and services. If the government spend more will help people a lot maybe less unemployment so people will spend more so the AD will increase and the real GDP will increase too.

(X export-M import ) ---Net export IF the export more than import called a trade surplus and the real GDP will increase if it is a trade deficit the AD will be smaller.

ALL in all if the AD cure shift to the right the real GDP will increase ...

BioKnob - Biometric Door Lock

certainly it is a new technology product .New design new idea...But still anyway let's look at the strength and weakness about it.

Strength: Making the security level higher and more convenient.Because it can identify the fingerprint and then you can open the door.So more security.And because you use the fingerprint to open the door so you do not need to have the keys.So if you don't have the keys you won't lost them and also you don't need to worry about someone will steal them ... And you can avoid a lot of troubles ,like if you lost the keys or the keys are stole you do not have to change the doors .And also you can use it to show off I think it is a new technology product so like a luxury :).

Weakness: Firstly it need your fingerprint for enter the door so may be it is easy to broken.And secondly I think this lock just can use in private place ,such as your own home or your room or the offices... because the maximum number of people is 100 .So if it is a door in some public place you can use the lock because more than 100 people need to use the door so ...And also you need to count who may need use the door... or something very bother...And still if the thieves want to go inside the door the can break the lock anyway.Because they have their own ways.

So I don't think it is a really good and useful product,because I think open the doors with the keys is a good way.

Taxes

About the taxation .

A wide range of taxes is levied by central and local government on firms and consumers... There are two main types of tax: One is direct tax the other is indirect tax.The definition of direct tax:one that taxes the income of people and firms and that cannot be avoided.Such as the income tax ,the corporation tax. And the definition of indirect tax :A tax levied on goods and services.For example VAT.

Let 's see what might affected by taxation. Firstly tax is in the budget of government it is a kind of government revenue.so I think if the government want to have more revenue they need to levy more tax.And if the tax more than the government spending it will be a government budget surplus.And make government richer.But you know taxation is a leakage,so in this situation it is not help to increase the real GDP.

But still it could affect our real GDP.For instance in the fiscal policies if we reduce the income tax people will have more disposable income so people will spend more.So that's will shift the AD cure to the right and it can reduce unemployment but increase the inflation.And tax is good for government to control something for example for the alcohol and the cigarette it's bad for our health so government decide put tax on those products like that ,and make the price of those products much higher,to contral the demand of the products.But we all know they are addict goods so the demand is inelastic but still put a tax may be can reduce some demand. And it is a indirect tax also ablout the VAT is almost the same thing...

And the tax on our income is called direct tax.If the income tax is higher our disposable income will be less so we will also spend less... So I already said that above... So a taxation sometime is a good thing sometime it a bad thing.Government have to consider about it very carefully.

Evaluate a product ------- TO DO TATTOO

" The perfect solution for your shoddy short-term memory!" This is what does the advertisement says for this product.Really I think so, I think maybe all of us had that experience which is for avert us do not to forget something and write the things down in our hands or somewhere else.And after that although we can remember that thing but we can't wash the notes completely.It is really awful...because the notes make you look dirty.But if we use this product called -- TO DO Tattoo ,we won't need to worry about this problem anymore.So let evaluate it:

Advantages of to do tattoo:

• It is a useful and Small product and it is very helpful for our lives.Really convenient and it looks very clean.And special,interesting.
• Also because it write with a special pen so easy to wash
• And it has many function -we can use it to make notes and make notes about our homework and for remember some important thing and also can do just as the picture before we go to the supermarket we can make a list of what do we want to buy.It very good isn't it? we won't forget things because of this tattoo.
• And it is looks much better than you write in your hands with a normal pen not looks mixed and dirty...
• And the pen is a skin-safe, washable-ink gel pen.

Disadvantage of to do tattoo:

• you have to take those two things with you wherever you go.If you don't you can just use the normal pen and write in the normal way.
• And I think you can't write something in very fast speed because it has grids so I think you need to keep that tidy.
• Instead of this way we can just go to find a small note book to remember everything.

But still I think it is a really good and useful product,maybe I would like to have one anyway it just cost 3.99 pounds. oo...

Today in our business lesson MR.Chris asked us to evaluate the BOSTON MATRIX ,I didn't even how to evaluate and what should I wrote... = ='' That's made me feel real unhappy... e...

So I think I need to practise more in the future and before the exam.I have to able solve all problems I wish~ So now I am trying to evaluate the product above,, I am not sure it is the way to evaluate it...but still I am trying... hehe hehe... ^_^ So please comment my post let me know how should I evaluate something... thanks...

Interest rate

Interest rate is decided by the bank of England .It is a very important rate in our Economic.It can affect many things.For instance it can determine people's choice which is save the money or not.And that can affect the consumption and then will affect the aggregate demand.--"A multiplier."So let's discuss more about interest rate.

In the monetary policy the main idea is decrease the interest rate to increase aggregate demand and to solve many problems.Let's see why interest can solve those problems.SO first let's think if we reduce the interest rate what will happen ? People will saving less because if the rate of interest is so low( for example if people save that money for a year then at the end of the year people like get nothing ,So why does people need to save their money? They will more likely to choose to spend them.That's why the consumption will goes up.And also if the inflation is high after one year the value of the money will be less so for these reasons people will spend more.So if the consumption goes up the aggregate will also goes up (because of AD=C+I+G+(X-M) ).So the real GDP will also goes up.And unemployment will be less. And Also if the rate of interest goes down it will be easier for people to borrow money so the investment will also increase... This is also a very good thing for our Economy.

On the other hand if we increase the interest rate people will save more so the bank will more money ... will be able to lent.But if people borrow money they also need pay the interest so people won't borrow much money anymore.

So now the interest rate is very low only a half percent.So obviously they want people to spend more and investment more but the problem is the bank do not have enough money to lent to people.So they had to print money,and then the value of money will lower.Is that a good way to solve the problems that now we have?... Maybe ...

OKAY ! That's all...

Exchange Rate

The definition of exchange rate: The price of one currency in terms of another currency or currencies.The exchange rate is very important for a country,it affect the trade in the country,for example import and export even the GDP of the country...

So let's have a look what may influence EXCHANGE RATE .

• Interest rate : because in a country if the interest rate is high more people will save their money also people from abroad will likely to save money in your bank because if they do they can get more interest( money) in the same period of time compare with if they save the money in another banks.So because of that the value of the currency of the country will increase because the demand of this currency increase.

So that's why interest can influence exchange rate.So after we know these we can try to analyse about some situations.If the exchange rate goes up the import will be cheaper and maybe will be more .export will be more expensive so maybe the buyers will be less.And if the exchange goes down import more expensive export will be cheaper.

So because of that, exchange rate also influence the trade balance.It can help to decide how many import should we buy and how many export we have to sell therefore we can have a balance surplus.

Okay that's almost all what I know about exchange rate . And I wanna say I did my work everyday.Except the blog because Just like unemployment I had done one blog about Inflation.So I didn't do it....So Mr,chris, Please don't say you will not do anything any more... = =

I have a question . ...

The question is if we are in a situation which is deflation ,So the value of our money will decrease right? And what about our export it will cheaper or more expensive? I thought about this question when I was doing the practise paper are given by MR.Chris and I am not sure about the answer so I need ask for help ... See I am working really hard now ... hahaha : ) 嘿嘿!

Supply-side policy

Supply-side policies are the policies designed to increase aggregate supply by improving the efficiency of labour and product market.I have motioned about supply-side policy yesterday I said it can solve both of inflation problem and unemployment problem in a long run.Now let's discuss more about it.

Supply-side policies aim to shift aggregate supply to the right and should :

• increase real GDP
• Reduce unemployment
• Also reduce inflation

Firstly we can think about some method about supply-side policies .For example :

1. To improve productivity like training and education .If the productivity ( output per worker in a period of time ) is increased the potential output of the Economy will rise which means it is a Economy growth so that's lead to a increase in real GDP.
2. To reduce in Job seeker allowance .This one is for reduce unemployment .Because there is a type of unemployment called "voluntary"(They are people who don't want to do a job they think the benefit is given by government is higher then the wage) So that why government should reduce the benefit to help to reduce the rate of unemployment and that's will also help us to increase our supply,because of more people are working.
3. To make the national minimum wage higher ,it is the same thing as reduce the allowance I think.Because of this more people will go to work. And there still have 6 more I won't explain each one...there are
4. Government assistance to a new firms
5. Reduction in direct taxes
6. Reduction in other benefits
7. Reduction in trade union power
8. Privatisation
9. Deregulation

So all in all the supply-side policy can help us to reduce unemployment and increase real GDP although I haven't got an example for reduce inflation but it is a true .Because if the the AS cure shift right the price level will lower... I think these are really good policies but they are long run policies to see the result we need time ...But they can solve our real problem and dispose unemployment and inflation these two negative correlation very well.

So I think supply-side policies are really useful!

Monetary Policy

Monetary policy is the policy that announced by central bank or government and make a decisions on the rate of interest ,the money supply and the exchange rate.It is as same as Fiscal policy they are all demand-side policies.So let's talk about it ,to see how it can affect our economic.

Now unemployment is a big problem for economic over the world so we should try to solve this problem first.What can we do ? Except what I have mentioned yesterday like increase government spending and reduce taxation we can also consider about the interest rate and the exchange rate .And monetary policies are include interest rate and exchange rate .So about the interest rate in monetary policies we can reduce the interest rate,because if the interest rate lower people will more likely to spend.So the consume will increase , also if the interest rate decrease it will be easier to borrow money from bank and hopefully the investment will also increase.Those two can send AD curve shift to the right . And the real GDP will increase.The most important is the unemployment will be less.

And for the exchange rate it is the same , because exchange rate and interest rate they have directly relationship,If the interest rate goes down the exchange rate will also decrease.Because if the interest rate is high in your bank people will save more so people from aboard will also save money in your bank, so the value of pound will increase ... if the interest rate goes down just the opposite way.

These policies are useful to reduce unemployment and increase the real GDP, but at the same time the inflation will be higher.This is a big problem we are facing.Because Inflation and unemployment have negative correlation ... So the government must think how to deal with these two problems.I think the supply-side policies can solve both two problems.So about the supply-side policies we are going to talk about them tomorrow.

Fiscal policies

Fiscal policy is the taxation and spending decisions of a government.And the key aim of Fiscal Policy is is to influence aggregate demand.Also there are two way can make the AD curve shift to the right , one is reduce tax .Because If government reduce tax people will have more disposable income so people will have more money to spend that mean the consume will be more then AD will increase.And the other one is increasing government spending .And we all know that AD= C+I + G+( X-M), so government spending is a component of aggregate demand .So if G increase so AD will increase too.

So is If the government's spending more then the taxation.AD shift to the right our Economy is growing and less unemployed people are there.But also the inflation will be higher and it is a budget deficit for a government.But still it is a injection .It's good for our Economic.

Until now In our Economic we just have learned that much And I know there still are a lot of thing maybe I haven't mention yet because I haven't read through that yet... so ~~ But today I have done a lot of things already... And what am I feeling now ? I feel not to bad even this is tired but I can feel achievable compare with I sit in front of the computer and play computer games.That's good enough for me because at the least I am giving a big challenge to myself .And I will keep doing this every evening.And at the last I will be successful I believe that. But what I am really want to say is to be a very good student is really hard. But still keep trying ....

And and by the way I had posted a comment in that blog called Economics and Business First-timer but I just can't see the comment.. = =..I don't know why , but really I did it ...

I find I like studying Economic

I think I am going to study Economic in the university . Not only because it is a good and useful subject but also because I am interested in it.I would like to think about the question with my brain.I am not always use my brain to think somethings.Not because I am stupid , because I am very lazy to do my works. And I also think to think about how to solve Economic problems is very interesting. So that's why I decide to study this subject in the future.

So could you suggest me some good universities for study Economic ? No matter in the UK or not.As long as it is a good and famous university. I will make a target to encourage my study.And don't worry about my English now , because I know I will continue improving! I will practise it everyday ,for example do a daily blog... and speak English with Mica. HAHA~ And I will concentrate on study Economic work harder then before on Economic.Because before I am just settle for finish all Economic homework,but now I can't just do that I must to do some extra things on Economic. Learn more , remember more and do more. And I will start to do one thing everyday just like I do blog everyday, It is start to read Economic text book.Step by step...Because except in the class when teacher ask us to read the book then I will read ,If not I will not read it . So you can also say I nearly don't read that book. So now a lots of definition that I do not know . But I will know soon~~ 吼吼...

Anyway all in all is I need a target... So please help... ^.^

^_^ Well done!

Say well done to myself because I did those five question all correct! HAHA~ surprising ...^ _^ I thought I did wrong some of them... But I didn't! Because when I did those questions I was very concentrated on them. hahaha...~~ Not happy but it is a good feeling than always make mistakes... So I think if I try to work harder I could make everything done.

And today is Friday, so just relax. : P

5 Economic question with perfect answer about Demand pull or Cost push Inflation.

Analyse the situation is Demand pull Inflation or Cost push Inflation?

1. Oil prices increase as OPEC (It is an organization of countries sell oil) cuts it's supply. It is a cost push Inflation.Because the price of oil is increase and as OPEC cuts it's supply So the supply shit left so it is a cost push.
2. Skills shortages in engineering industries lead to higher wages. This one is also a Cost push Inflation.Because the skills shortages so the company need to spend more money to engage people who have those skills.Which mean is the company have to give more wages for those people who have skills, so the cost of production rise.So the price of the products will increase .... Then we can know this is a cost push Inflation. Because it is not about the Aggregate Demand increase.
3. A wet summer raises the price of vegetables in the supermarket. This is a Cost push Inflation. A raises price of vegetables may because the demand is too high or the supply is too low .And in the question it mention it is a wet summer, I think probably means the supply affect by the weather and decrease.So I think this one is a cost push but I am not sure.
4. A rise in the world price of copper used in the telecommunications industry. It is a Cost push Inflation. Because the price of the world of copper used is increase .So because of that the supply will decrease .So it is a cost push.
5. The government announces a rise in the standard rate of Value Added Tax (VAT) from 17.5% to 20%. This is a Cost push Inflation. VAT it is a tax on production .So will cause the supply decrease so it is a cost push.

I thouhht I understood very well after the lessons this afternoon but when I come back home and think about them again I feel very confusing like now.... @_@....So that why I need to do lots of exercises... And I should not afraid to make mistakes ,I must learn from my mistake and then I will make a even bigger progress. ^_^...

something about the price of houses

We all know now we are in a recession a whole world recession.And the basically reason is the credit crunch.And it affective a lot of things.The housing market was the first area to be affected by the credit crunch as banks curtailed their lending, making it more difficult for buyers to get a mortgage.

So the price of houses will influence a lot of our economy.There is a graph can show us what the situation is now .WE can see it is falling now.So is that a good thing or bad thing?Because of the houses price is cheaper and cheaper people who do not have a house now may can buy one it is much cheaper now .It's that a true ? Actually not.Because houses are the things called wealth of course if people have more wealth they will feel more confidence.So if the price of the houses are high people will think they have a lot of wealth. So they will spend more .Therefore the consumption will increase,So the Aggregate Demand will also increase,therefore the GDP maybe also increase.But now our situation is completely opposite way.The price of houses lower and people become less confidence and people less likely to spend.Also the government want to encourage people to spend more they make the interest rate lower and lower.Now it is only 1%.So because of the recession there are more and more unemployment.And the price goes down and down , but people still not buy a lot.Cause they think the best thing they can do is keep the money in self's hand.So the problems will be bigger and bigger... worse and worse...

Anyway now we can not give any help to the government to solve those problems.Only thing we can do it is work hard in studying Economic,and may be we will help in the future. : )

what could managers do If some key person get out of the job ?

You know every job must has some key staffs.They are very important for the work so for example in a business of course the managers are important but secretaries and accountant or the financial managers... So many people are playing a important role in a business. So let's just make an example around us .

Our school- EF International languages school .
Some for a school the key staffs should be teachers and someone who are working for each parts.But If some of the key staffs are get out of EF .So what can we do ?

So I think there are several things we could do about to solve this problem :

• Engage someone to replace them as soon as possible.
• To guard against this happened we should not give one person many important things to do we should divide a work into several parts so if that happened we won't lost to much
• Maybe train other staffs to do their jobs

So what can I think out just those three things but I know there should have more .But now my brain is not work cause is too late now... so I am gonna sleep now.... ZZZ~~

Economic-Types of Unemployment

Today I had an Economic lesson with Mr.Chris .And then I found there are too many things I haven't done yet.Even I have never seen them... for example "Supply-side policy"and what... Multiplier...Maybe that's called a difference.So for us the better thing is we can learn more before the exam coming.And now I found this difference I think it is not too late so I decide I will join the Economic class when I have that time .For improve my knowledge level also English.So let 's talk about some academic thing instead of those unuseful words.

Today we did some thing about the unemployment in class.So I will talk about this topic to help me to remember them.So the first one I will say the types of unemployment.There are 8 types of unemployment.They are :

1. FRICTIONAL: It's means workers temporarily between jobs and before he has a new job he needs to wait so during that time he is a unemployed. so maybe cause people delay in applying interviewing and accepting job will cause Frictional unemployment.So the way we can try to solve this problem is improve information of jobs.
2. STRUCTURAL:This one it is not because the demand has decrease but because the workers have wrong skills and in the wrong place maybe because people need another skills to do that job so it is a kind of redundancy and they need to be retrained.So what we could is subsidies and improve the mobility of labour .
3. CYCLICAL: because the total demand in whole economic is low so all firms need fewer workers.So what we can do is increase government spending also reduce tax.
4. TECHNOLOGICAL:Like firms replace workers with machines so if we have machines we won't need too many labours so that's may make people become unemployed.
5. INTERNATIONAL:Maybe because the products made by the UK is high price and low quality so people will more likely to buy import so the people who work in the UK company may lose their job.Because overseas firms will replace UK producers.
6. REGIONAL:means that the unemployment are in the same area.So may be because at that location is not good for work so what the government needs to do is find a good location for those firms.
7. SEASONAL: It's the easiest one because some jobs are seasonal for example fruit picker.... so if not the season for them to work they will become unemployment.So what they may to do it is to learn another skill to cover another seasons.
8. VOLUNTARY:Somepeople don't want to any job.so ofcourse they are unemployment.

That's a lot of things to remember. (*_*)

How to improve your English skills

My most important piece of advice is: "Do something (anything). If you don't do anything, you won't get anywhere. Make it your hobby, not a chore, but above all have fun!"

Don't be in too much of a hurry. You're setting off on a long journey and there will be delays and frustrations along the way. Sometimes you'll be in the fast lane and other times you'll be stuck in traffic, but there will also be lots of interesting things and interesting people along the way. Take your time to really enjoy the experience.
There are many ways to improve your level of English, but only you can find the right way for you. Here are a few tips that might help:-

Improve your Learning Skills
Learning is a skill and it can be improved.
Your path to learning effectively is through knowing:
*yourself
*your capacity to learn
*processes you have successfully used in the past
*your interest, and knowledge of what you wish to learn

Motivate yourself
If you are not motivated to learn English you will become frustrated and give up. Ask yourself the following questions, and be honest:-
*Why do you need to learn/improve English?
*Where will you need to use English?
*What skills do you need to learn/improve? (Reading/Writing/Listening/Speaking)
*How soon do you need to see results?
*How much time can you afford to devote to learning English.
*How much money can you afford to devote to learning English.
*Do you have a plan or learning strategy?

Set yourself achievable goals
*You know how much time you can dedicate to learning English, but a short time each day will produce better, longer-term results than a full day on the weekend and then nothing for two weeks.
Joining a short intensive course could produce better results than joining a course that takes place once a week for six months.
Here are some goals you could set yourself:-
*Join an English course (and attend regularly).
*Do your homework.
*Read a book a month.
*Learn a new word every day.
*Visit an English speaking forum every day.
*Read a news article on the net every day.
*Do 10 minutes listening practice every day.
*Watch an English film at least once a month.
*Follow a soap, comedy or radio or TV drama.

A good way to meet your goals is to establish a system of rewards and punishments.
Decide on a reward you will give yourself for fulfilling your goals for a month.
*A bottle of your favourite drink
*A meal out / or a nice meal at home
*A new outfit
*A manicure or massage

Understanding how you learn best may also help you.
There are different ways to learn. Find out what kind of learner you are in order to better understand how to learn more effectively..

So I think Good English is really important for us.If we have good English, at the least we could have the same opportunity as others.And we will have the power to compete with others.so we should pay attention on how to learn English. :)