Homework: Economy

Mr. Adrian did an amazing job with his first ever Pecha Kucha today. He shared some of his personal history and why he is so fascinated by economics. He also made us think about the world and how economics is all about how we use the Earth’s resources and not just about money.

He spoke about balance and how our needs and wants should be balanced with what is available. Our problem today, it seems, is that we are “off balance”. We want so much more than the world can provide. He also said, and this is very important, that economics can offer solutions to all the world’s problems!

Balancing HDR by Jasen Miller.

Think about your issue. How is economics part of the problem? How could it be part of the solution? Are the problems of your issue caused by things being “off balance”? Explain your answers in detail.

Photo by Jasen Miller on Flickr
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  1. Mr Adrian
    March 31, 2010 at 2:44 pm

    Great synopsis of my Pecha Kucha Mr Sam ans I’m glad that people found it illuminating, all everyone has to remember is that at the core of economics is how do we solve the issue of infinite wants against finite resources.
    Hope the talk encourages dialogue,
    Mr Adrian

  2. Ranvir
    March 31, 2010 at 3:18 pm

    My issue is racism so I dont think it relates. Actually it does because Racism can happen through money and ransom that people want and it can possibly cause war. I dont think that it is the solution to the problem though because I’m doing NIST Racism. If worldwide then possibly it can be a solution. Yes my problem is caused by people CROSSING LIMITS. It doesnt relate to off balance I think…

  3. Ranvir
    March 31, 2010 at 4:11 pm

    It does. The poor people wont get as much resources as much as the rich.

    • Mr. Sam
      March 31, 2010 at 6:36 pm

      Ha ha! I love it… you’re having a conversation with yourself. It’s great the way you are questioning yourself here, Ranvir, and not just accepting your first answer. Fantastic.

      • Ranvir
        April 1, 2010 at 7:46 am

        No problem. Its so easy.

      • Ranvir
        April 1, 2010 at 7:47 am

        Its easy and thanks.

  4. Nathan
    March 31, 2010 at 4:12 pm

    My issue is Air Pollution and I think money can link into this abit because of the equipment. I don’t think there is a real solution to this yet and I don’t think economics is one of them. I also don’t think its caused by off balance because there is nothing much here to balance/need. I think economics is not a big part in air pollution I think the main part of the campus is Nature.

    • Sasha
      March 31, 2010 at 4:35 pm

      Nathan, remember its not only about money.

    • Mr. Sam
      March 31, 2010 at 6:39 pm

      Nathan, think again. Why are all those cars on the road? Where are people going? What is in the fuel tank of the cars? What is it made of? How many people are in the cars? Do people have to drive? Who owns cars?

      These are all economic questions, and there’s many more.

      And here’s a big question. As we know air pollution is bad for our health, why don’t we just ban cars in cities? (think economics).

  5. Sasha
    March 31, 2010 at 4:34 pm

    As you know, my issue is water and I think Economy relates to water because right now people are keep on wanting water but they, have to use their brains and think that, look at the Earth’s state and everyone is just craving for more water well they have to think deep enough and realize that the world can’t supply that much water.

    I am not sure what the solution could be but there is a way to reduce this problem because if you really think about where you are living, and how your life style is then maybe you could think of ways you can reduce water in your house. If everyone does this and really takes action then this can change the way we live and the way we think.

    Its is totally off balance because people don’t care and they demand to have it so as I wrote before the world can’t take all this demand that is happening so I definitely think its off balance.

  6. Samantha
    March 31, 2010 at 4:44 pm

    Issue: Pollution and the effects on sea life
    Pollution in the ocean is already having economic impact and there might be a bigger problem in the future, a concern for most people of Thailand who heavly depend on sea life for fishing,eating, sports and tourism. Why? If there aren’t any healthy fish then people can’t eat fish and then the people who catch the fish won’t earn money as there are very few healthy fish to catch. Also if there isn’t any sea life then no one would want to go snorkeling or scuba diving and so people who work in tourism won’t earn money. My issue could be part of the solution because people are polluting the ocean, when sea life eat or get traped and killed or poisend by plastic. Sooner or later people will be eating less fish because fish are getting poisend or there will be less fish for fishermen to catch, this is already happening today! What would happen if we all stopped polluting into the ocean? Fish would be healthier and people would still be able to eat clean, healthy fish. I think that my issue is caused by “off balance” because people buy many things and when they don’t want it anymore they just throw it away, unfortanently alot of these pollutents end up in the ocean and kill sea life.

    • Mr. Sam
      March 31, 2010 at 6:45 pm

      Hi Samantha, you have nailed it. There are so many connections between economics and your issue and you have really shown a good understanding of many of them.

  7. Ping Ping
    March 31, 2010 at 4:56 pm

    This is pin-point to my issue since it is all about renewable energy and how people are using too many resources that are not renewable. Everybody knows that oil, nuclear and fossil fuels are depleting and many are trying to solve this problem. There are much more solutions to the decline of earth’s resources and we have to initiate it quick since oil is going to completely deplete between 2062-2093 if we are still not finding enough energy to fully power the world. Countries mostly trust the Solar Panel since it produces energy on a daily basis although Wind Turbines are more eco-friendly. If we actually want to stay like this, everyone should use less of the things that we consume.

    There’s no need to be shy about:

    1. Walking instead of going on a car on a short distant
    2. Going on a public bus, MRT, BTS
    3. Drinking Water from home
    4. Using fans for cooling down
    5. What you suggest

    Another solution to this is to use then recreate the energy that makes it “Balanced” to the world by using renewable energy and we can’t ignore the fact that energy is crucial to earth.

    Ping Ping

    • Mr. Sam
      March 31, 2010 at 6:48 pm

      Great comment, Ping Ping. Your issue is totally connected to economics.

  8. Amy
    March 31, 2010 at 5:51 pm

    My issue is female rights and I think that it is connected to economics because my issue is all about males and females being balanced and having the same opportunities. But I think the solution could be a part of economics because female rights are about females and male being equal, in other words Balanced. I feel that this is a big issue and I never thought of my issue being a part of economics all I really thought about economics is its all about the economy and money. But the talk Mr. Adrian had with the whole of year 6 made me think again because my issue is basically based on economics. I am very interested in what changes has been happened and how males and females where treated, maybe they were once balanced but then it changed.

    • Mr. Sam
      March 31, 2010 at 6:51 pm

      You’re right, Amy, the idea of balance is very relevant to your issue. But, what ecomonic reasons do you think have caused female and male rights to be off-balance?

      • Amy
        April 1, 2010 at 5:56 pm

        I’m not very sure, But I think that a long time ago there were woman who treated men unfair and thats why it changed our past. Like woman going off balance.

  9. Cael
    March 31, 2010 at 5:52 pm

    I think its realated to mine because they might want things from the poor people and then the poor became so poor they had to beg. it ca be part of the sollution by helping the beggars because with economics are so powerfull they can do that.

    • Mr. Sam
      March 31, 2010 at 6:49 pm

      Cael, I really don’t understand what you’re trying to say.

      • Ranvir
        April 1, 2010 at 7:48 am

        I agree.

  10. 17mikit
    March 31, 2010 at 5:58 pm

    My issue is endangered animals and I think economics is part of my issue, because some people kill and sell endangered animals for money. I am not sure that what solution could be. I think my issue is caused by “off balance”, because some people killing endangered animals and they don’t care about it. But if someone care about it and porson says, “stop killing endangered animels” and they(who killing endangered animas) stop killing animals, then I think they recover the balance.

    • Mr. Sam
      March 31, 2010 at 6:54 pm

      Wow, Miki, you really understand the economics of your issue. I think economics could give us the solution to the issue, let’s talk about some ideas tomorrow.

  11. March 31, 2010 at 6:34 pm

    Economics are part of the issue plastic bags. The shop/supermarket actually pay who makes it and its part of the cost for us when we buy things. Plastic bags aren’t balanced out. Many people use plastic bags, but not that much of the percentage use cloth bags. So if we do make a difference and half of the people change and use plastic bags and the rest use plastic bags it could make a difference which would be we don’t have to also pay that much money. Economy can’t really help solve the problem I think.

    • March 31, 2010 at 6:47 pm

      Im not exactly sure how it’s related but Im guessing.

    • Mr. Sam
      March 31, 2010 at 6:56 pm

      Think again, Rosna. In many countries, people have to pay for the plastic bags at supermarkets, so people use less plastic bags. That’s economics, pure and simple.

      • March 31, 2010 at 6:57 pm

        ok. I am just getting confused in finding the similarities of economics and plastic bags.

  12. 17nikkis
    March 31, 2010 at 6:50 pm

    The economics are surely a part of the problem and it is an “off balance” too as I feel that to a recent survey determines that 72% of the public doesn’t know that the raw material for plastic bags comes from fossil fuels. In fact many of today’s normal plastic products are made from petroleum products including oil. Plastics are in every part of our lives, from bags and water bottles to fabrics and packaging. Plastic bags relates to economy because the shopping malls has to pay for the plastic company so in order to provide us plastic bags. I feel banning plastic bags, which would improve these problems, can only do the solution to this and in order to solve the problems caused by plastic waste, we must recycle, decrease and/or eliminate all plastic, not just bags. 🙂

    • Mr. Sam
      March 31, 2010 at 6:57 pm

      Hi Nikki, you’re right that banning plastic bags would solve the problem straight away. But what about the jobs of the people who work in the plastic bag factories? They would lose their jobs, then they would not have enough money and may be forced into begging or crime if other jobs were not easy to get. ECONOMICS AGAIN!!!!

      • March 31, 2010 at 6:59 pm

        Mr. Sam, plastic bags being banned wouldnt solve the problems. I have read a few articles and it would make things right and things wrong.

      • 17nikkis
        March 31, 2010 at 8:13 pm

        Hi Mr.Sam,
        I think the company will have to re-think so in order to manufacture cloth bags instead of plastic bags. In this way the people will not loose their job.

        • Mr. Sam
          April 1, 2010 at 3:21 pm

          That is a FANTASTIC idea.

  13. 17saeriy
    March 31, 2010 at 7:10 pm

    I think my issue can be connected to economics because we need to buy equiptments. (My issue is air pollution)

    • Mr. Sam
      April 1, 2010 at 3:21 pm

      Is that it? Really?

  14. Karam
    March 31, 2010 at 7:23 pm

    I think that economy is related to my issue because it is basically about people using waaayy to many resources because we want a lot of things and to get those things we use electricity and to get the electricity we have to use our natural resources which is decreasing.

  15. Mick
    March 31, 2010 at 8:06 pm

    Economy relates to my issue a lot because unsustainable farming (farming that pollutes) is all about rich farmers who want to make more profit and they use chemicals and machines to do that. Also people are now living far from farms because of urbanization. My problem is also about things being of balance because some farmers are using chemicals and tools also farmers and consumers are using way too much resources in the process of agriculture. Economy could probably solve the problem because economy can solve any problem.

  16. Sujinna
    March 31, 2010 at 9:27 pm

    I think that economics is related to my issue because a part of economics is sharing resources and my issue is about water. Water now has a big problem on how are we going to divide it so that everyone has the same amount and enough water to use. Economics is not money, it is also about the earth’s balance. We all want a lot of water but if we use our common senses then you will realize that the earth cannot produce that amount of water for you, it’s you, you need to save it.
    I am not sure about the solution to this issue but I know we can help about it. It is not yet too late. If we don’t waste water, there would be more water supplies for us to use in the future. If everyone takes action on trying to improve it, then we can.
    Things are totally of balance because people don’t care, they want it so we have to supply them but can we supply them forever? No because there is a limit to water.
    THINK CAREFULLY AND DEEPLY, YOU WILL SEEK THE SOLUTION

  17. 17lucam
    March 31, 2010 at 11:17 pm

    Issue: Cyber bullying
    I think it is related by using electricity = cost money or electricity bill and also buying the laptop equals money, making the laptop = money, buying resources equals money and also paying for the internet = money.
    I don’t think there is an solution.
    Well I think kind of yes because they might be making themselves happy but not other people happy so then the scale is happy people at the top and the sad people at the bottom down in the dumps.

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