Home > Exhibition, Sharing the Planet > Homework Part Two – Economics

Homework Part Two – Economics

Black Hat – How is money a problem in your issue?

Yellow Hat – How could money be part of the solution in your issue?

Green Hat – What economic/business ideas could be used to solve your issue?

Photos by josh.liba, giladr and chris.corwin on Flickr
  1. Taku
    April 21, 2010 at 5:03 pm

    I think money is problem in my issue because wen we wast electricity there will be more electricity bills and the people who makes electricity gets the money so people who makes electricity wold not stop making electricity coal an till they run out. I do not think there will be a solution to my issue with money because if you have solar panel in there house they just have to pay for the solar panel.But if they burn coal and make electricity you get more money so maybe they will refuse.

    • Mr. Sam
      April 21, 2010 at 5:21 pm

      Nice detailed answer, Taku. You are so right… the more electricity we waste, the money we waste – we’re not very smart are we?

    • Mr Adrian
      April 23, 2010 at 12:46 pm

      Good thought process but could changing to renewable sources save money in the long run…eg sunlight is free.

    • Mr. Paul
      April 25, 2010 at 9:15 pm

      You can see the problem Taku. I wonder how long it would take to pay for the solar panel from the savings on Elecricity Bills?

  2. Ping Ping
    April 21, 2010 at 5:07 pm

    Renewable energy is something that is extremely expensive to people who is buying the renewable energy set (1 Solar Panel that is 120 watts for 10,000.-). This could create a problem towards people whom are not as wealthy not able to afford a solar panel. Although it is hard to afford, if many people contribute and buy it, the price is going to become cheaper also if it is sold for a long time. Many places in Europe are using wind power and the price has dropped loads from when it was first introduced in the 90s. An idea of creating nuclear plants in Thailand is an exemplary idea since nuclear is a source of renewable energy except it is extremely hazardous for the people around it. In addition, the solar plant in Ayutthaya is also an exemplary idea of being eco-friendly and to make Thailand greener in the future.

    Ping Ping

    • Mr. Sam
      April 21, 2010 at 5:25 pm

      Very interesting answers, Ping Ping.

      Did you know that oil companies own most of the patents for renewable energy ideas and so they can control when (and if) they ever become popular?

      • Ping Ping
        April 21, 2010 at 8:19 pm

        Hello Mr. Sam,

        There are some shops that the price is dropping the more people are buying. Unfortunately, it’s in Europe. It’s also depends on the demand and supply.

        Ping Ping

    • Karam
      April 21, 2010 at 5:52 pm

      Hello Ping Ping,

      Ping ping did you know that when solar panels are producing electricity they give out a few small waves of radiation?

      • Ping Ping
        April 21, 2010 at 8:14 pm

        Hello Karam,

        Thank you for asking very intriguing questions.

        Actually, the small waves are harmless to the environment since it is a solar radiation that do no harm to the environment at all.



        Ping Ping

    • Mr Adrian
      April 23, 2010 at 12:49 pm

      Your comments are very interesting and would only like to add that the more people use renewable energy sources the more research there will be in to reducing the cost of these sources.

    • Mr. Paul
      April 25, 2010 at 9:19 pm

      Your comments are very thoughtful Ping Ping. I think some governments give subsidies to people who buy renewable energy systems. This means they don’t cost as much when the people buy them.

  3. Sasha
    April 21, 2010 at 5:19 pm

    Black hat: Economy is a problem in my issue 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 for everyone. Another problem is also that right now people keep on wasting water but later in the future they are finally going to realize what is happening and since there is not much water left water is going to be really expensive.

    Yellow hat: If everyone worked together and really tried their hardest to reduce the amount of water used at home then it might just work, it won’t be totally clean like it was before but it will still be clean water and there will be more than there would have been if we didn’t try to reduce the amount of water used/ wasted.

    Green hat: I thought of 2 ways we can use money to help solve the problem. The first one is Education because we need to let other kids around the world know about what is happening to the world and how we can help solve the problem that is happening. The second thing I thought of is Advertisements because to let everyone know we need to advertise them, we can advertise in many different ways for e.g catalogs, magazines, the television, online, and the newspaper.

    • Mr. Sam
      April 21, 2010 at 5:26 pm

      What do you think about charging wealthy people large amounts per unit of water they use, and less wealthy people smaller amounts. Would that help?

      • Mr Adrian
        April 23, 2010 at 12:53 pm

        Building on Mr Sam’s question what do you think about charging countries for water use as we do now for carbon use?
        Great thinking in your blog.
        Do you think that we are successfully using the three R’s re water, reduce, reuse, recycle?

    • Mr Adrian
      April 23, 2010 at 12:59 pm

      Impressive thinking going on here. To build on Mr Sam’s question, what do you real about charging countries for using water the same as we do today with carbon output? My own strand of thinking would be to ask you how effectively do you think the 3 R’s of environmental sustainability, reduce, recyle and reuse are applied to water?

  4. 17lucam
    April 21, 2010 at 5:26 pm

    How money is a problem:
    The ways money is a problem is that if you are SMSing, E-mailing, etc then it cost money to pay the electricity bill, you need internet connection which cost money and you need a phone, laptop or computer which costs money.

    How money can solve the problem:
    it can solve the problem because if you don’t have much money then you can’t afford all those things. It can also solve the problem because there are consequences to cyber bully and if you don’t want to go to jail you have to pay money which probably would cost quite a lot and that will teach them a lesson.

    Maybe that if you want to send an e-mail, SMS, etc with a swear word in it then you might need to pay extra money.

    • Mr. Sam
      April 21, 2010 at 5:33 pm

      Ha ha, that’s an interesting idea – charging people more to send messages with bad words in them. People would find ways to avoid that though, don’t you think?

      What about if Facebook, for example, was not free anymore. Do you think that would stop teenagers from using it?

  5. Cael
    April 21, 2010 at 5:41 pm

    Money can be a problem bye instead of people giving money to beggars they will want to spend it on the ipad or whatevas new.
    Well if an organization witch helps beggars and things get alot of donation money they can get the young beggars into school, help them larn how to do thinks and the older ones they could help them to find there talent and get them into a job witch gives them a nough money so they can live abit more like us.

    • Cael
      April 21, 2010 at 5:43 pm

      and for the green hat charitys or things like the Prachabodi Centre can do things that will help the beggars

    • Mr. Sam
      April 21, 2010 at 6:09 pm

      Wow, Cael. You really need to edit this comment.

  6. 17saery
    April 21, 2010 at 6:01 pm

    I think my issue is connected to money because sometimes people buy cars to make them look cool. Some people think that having a car makes them look rich. But you can make eco cars and you can sell them cheap. The car can be looked really rich and the things that are used to make that car can be good because if it was worst than the normal car no one will buy the car. You can make a new car brand and make only eco cars. We could mak special survices and things so that the other people will want to buy it. It coud look reall expenciv but could be not really cheap but alittle bit cheap than the normal.

    • Mr. Sam
      April 21, 2010 at 6:11 pm

      I think hybrid cars are actually more expensive than normal petrol cars at the moment. You are right, they should be cheaper.

      You’re point about people trying to impress other people with their cars is really important. So many people buy and drive cars so that they look rich and impressive. This selfish and shallow attitude is a big part of the problem.

  7. 17mikit
    April 21, 2010 at 6:04 pm

    Black Hat: I think money is problem in my issue, because sometimes people want money and they hunt endangered animals and sell them and get some money. Or sometime money doesn’t problem in my issue, because when people hunting endangered animals not for money or they want to hunt endangered animals for collecting or other reson.

    Yellow Hat: I don’t think money be part of the solution in my issue, because I don’t think money can stop hunting endangered animals…

    Green Hat: I don’t have any idea…

    • Mr. Sam
      April 21, 2010 at 6:15 pm

      Maybe, the people who hunt endangered animals could be given money to stop hunting them. Maybe they could be given a different job, perhaps even pay them to protect the animals? But, who will pay them?

      This is just like the Amazon Rain Forest. People are now starting to pay money to Brazil and to the people who cut down the trees in the forest so that they will stop cutting down the trees.

      Also, it is “supply” and “demand”. The hunters kill and sell the animals (supply them) to the people who want to eat them, use them for medicine or use their skins (demand). If there is no more demand, there will be no more supply.

  8. Karam
    April 21, 2010 at 6:05 pm

    Money is a problem because people do not understand that investing in solar panels or any other type of renewable energy will benefit them in the long term. This will only be a one time payment against payments for electric bills every month. So people don not want to invest. If every contributes to setting up a solar plant their city the burden will not fall on just one person. A policy that has been set up recently by the goverment to increase the use of dendro power from 0.05% to 8%. Also the solar plant deal by the three major solar companies Yanhee solar,Singapore connergy and Annex power outside Ayutthaya could be a start of a solution to my issue.

    • Mr. Sam
      April 21, 2010 at 6:33 pm

      You’re right, it is an investment. People don’t understand that, are you going to be able to show people the facts and figures so they understand that?

  9. Arne
    April 21, 2010 at 6:33 pm

    Money in my issue is a problem because when people use facebook or anything like that and that they get hacked or stolen information, and if they are important people they might sue Facebook(This is just a guess). But it was actually the people’s fault because they didn’t know about Privacy settings and how it helps. Or they might not use facebook again and then that person might tell his friends and family about it, then Facebook will lose more people. Maybe Money can help by Facebook using money to advertise about them and tell them it is safe and good when you are using Facebook or any other social Networking sites. They will gain more people and much more people can be safer online.

    • Mr. Sam
      April 22, 2010 at 7:48 am

      I have heard that Facebook are going to start charging people $14.99 per year. I think that might be a good idea as it will get a lot of kids off it and it will also make people think carefully about signing up and putting information about themselves online. What do you think?

      • Arne
        April 22, 2010 at 1:15 pm

        I think it may be good to do that so the amount of people having their information stolen or used would get dramatically lower. But also I think some of the adults will not join Facebook either because they might not be willing to pay for it. So Facebook might be able to earn more profit or they will be making big time losses. So Facebook needs to think carefully about what they might be doing if they are going to charge people 15$ per year.

  10. Nathan
    April 21, 2010 at 6:57 pm

    Black: Money is an problem in my issue because in my opinion some cultures they show there wealth by driving expensive car with lots of mods and that causes air polltuion.

    Yellow: Some cultures show off there money by having a beautiful house and some people have such a beautiful garden and lots of trees which is like filters for bad air as you know trees take in carbon dioxide and give oxygen.

    Green: By dividing Thailand or Bangkok into 2-3 centimetres square on the world map and make sure there is either a park or something that has alot of trees in it like a jungle of some sort.

    • Mr. Sam
      April 22, 2010 at 7:49 am

      Who will buy the land to make sure that it is green? Where will the money come from?

  11. April 21, 2010 at 7:44 pm

    Black hat: Money is part of my issue because plastic bags are made out of fossil fuels. There is less fossil fuels now in the world which makes it more expensive to make/produce and buy. And money is an issue also to plastic bags because the supermarkets are paying manufacturers to get the right amount of plastic bags or even more.

    Yellow hat: Money can be a solution to the plastic bags being used. If we use cloth bags of our own we don’t have to pay as much to the shopkeepers because actually the plastic bag payment is included in the price of all the things you buy. And the supermarket people won’t have to pay money to the factories to produce more plastic bags because we want them.

    Green hat: to make economic ideas which could actually solve the problem would need to involve all of us if we agree or not and things like that. If we all agree supermarkets won’t have to pay money to get plastic bags with logos on and than we won’t be destroying Thailand’s beauty that much anymore.

    • Mr. Sam
      April 22, 2010 at 7:51 am

      What about the jobs that would be lost if the plastic bag factories closed down? How would those people earn money? What effect would that have on the local economy?

  12. Mick
    April 21, 2010 at 8:23 pm

    Black Hat:

    Imported food isn’t so much expensive than local food so people buy imported food. People only think about the economy side and think that cheap is good.

    Yellow Hat:

    Hydroponics don’t take a long time to pay back. If imported food gets more expensive people will not buy them. If hydroponics is cheap people will want to buy them.

    Green Hat:

    My green hat answer is hydroponics because hydroponics is an answer and it is a company idea. Also selling imported food for more expensive prices is a good idea.

    • Mr. Sam
      April 22, 2010 at 7:58 am

      What do you mean “selling imported food for more expensive prices is a good idea”? Do you mean that it should be expensive so less people buy it?

      You will need to tell people the EXACT data about how long it takes to pay back the value of the hydroponics kit. This is going to be one of the most important things, as well as how much better it is for our well-being and for our environment to grow things in our own homes.

      You will also need to show people that it is possible to grow more than just lettuces.

  13. Johann
    April 21, 2010 at 8:41 pm

    Black Hat:

    Money does not really look like the problem but it is because hackers buy programs that let them hack into peoples facebook or twitter. So money is a problem but it is only a problem because people don’t use it wisely.

    Yellow Hat:
    Companies could use money to make programs that stop hackers and predators and after my exhibition they would want to buy that program because I gave them hope that we can fix it. So it would be good for me and for the people that made the program.

    Green Hat:
    My solution is that people can go online being safe and felling that they can sign up for things while being safe. But people should still be aware of that a program cant do everything.

    • Mr. Sam
      April 22, 2010 at 7:59 am

      Have a look at my reply to Arne’s comment.

  14. Amy
    April 21, 2010 at 9:15 pm

    Black hat
    Females don’t get a chance to gain money because when they were young there parents believed females were unworthy of learning and having education and men were more disserving but I think that is wrong females disserve to be equal, to have equal rights and opportunities. I believe women are as strong as men all they need is education and they need to be EMPOWERED.
    Yellow hat
    In most families money is/was an issue. That’s why families sent only there sons to school if they had more money they could have sent there daughters to school but it deepens on their families traditions most women are made to do housework but if those families actually had money I believe there would been more of a chance for females to get equal rights, chances and opportunities.
    Green hat
    The economy isn’t in a good state so maybe families could send there daughters into a good school where they would learn business and how to gain money because that will also be good for their families they get more money than they had and if people knew that I bet they would have thought about it because money is very precious. Females are good for housework and that includes knitting and all sorts of thing but they can use there skills to gain money and not only that but there parents wouldn’t need to spend as much money as they would have to send there daughter to learn house work. “Why learn something you already know” that’s a quote I just created and I think it means a lot.

    • Mr. Sam
      April 22, 2010 at 8:01 am

      So, do you think females in wealthy families have more opportunities than females in less wealthy families?

  15. ness
    April 21, 2010 at 9:20 pm

    Money is a problem with electricity, if we save electricity we save money. Sometimes for me it’s also a solution for people to save electricity because if you save electricity you save money. Businesses and organizations can be made to raise awareness or maybe selling energy saving items and renewable energy. They can make alot of money by selling energy saving items and renewable energy instead of having normal items and many power plants built.

  16. Mr. Sam
    April 22, 2010 at 8:03 am

    “They can make alot of money by selling energy saving items” – this is a very important quote. Unfortunately, the patents for most of the energy saving business ideas have been bought by oil companies so the ideas cannot be used until the oil companies decide it is the “right time” (probably when all the oil has run out!).

  17. Ranvir
    April 22, 2010 at 3:33 pm

    1. Bribery

    2. ransom

    3. paid differently


    1. Join Mahidol University Course of Peace and Conflict to learn what racism is and how to solve it.

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