Vocaulary 2

1. LIABILITIES- a companys legal debts or obligations that can be settled over time through economic benifits 2. OVERHEAD EXPENSE- miscillaneous expenses such as tax and insurance, part of the total cost of staffing and maintaining a buisness. 3. OWNERS EQUITY- difference between assets and liability 4. PRODUCTION COST- what it cost to produce the items 5. WORKING CAPITAL- a measure of the companys efficiency and short term financial health 6. LOAN- give money or property, etc. for future payment in return 7. LOSS LEADER- when a company sells a product that loses them money for the sake of offering another product for greater profit 8. SCARCITY- limited resources for peoples wants 9. OPPORTUNITY COSTS- benifits you could have recieved by taking another course of action 10. EXPLICIT COSTS- expense that is identified and accounted for, you can easily see cash outflow and profit 11. IMPLICIT COSTS- cost not easily accounted for, excluding cash..hardwork, ect are examples 12. PRICE- how much somethingg costs 13. RELATIVE PRICE- the ratio of two prices 14. INCENTIVES- encouragement to do something 15. PROFIT- a gain in money 16. LOSS- loss of money 17. EQUILIBRIUM- balance 18. SURPLUS- having extra 19. SHORTAGE- not having enough 20. MINIMUM WAGE- lowest price an employee can work for 21. PRICE FLOOR- lowest price the government allows an item to be sold for 22. BEAR MARKET- market condition in which the price of securities are falling 23. BULL MARKET- market of a group in which the prices of securities is rising 24. BOOM- when sales increase very rapidly 25. BILL OF EXCHANGE- A non-interest-bearing written order used primarily in international trade that binds one party to pay a fixed sum of money to another party at a predetermined future date. 26. BUDGET DEFICIT- amount of money spent over income 27. CAPITAL- financial resources available for use 28. SHORT SELL- selling of a stock you dont own in hopes of buying it for a lower price than you sold it for 29. SHORT COVER- buying the same number and type of securities that were short sold in order to make a profit

Job Shadow

Week 9 Transactions

Job Shadow

After talking to my job shadow person, I have better been able to understand what they do at Cow Country Genetics. I am going to a place where they collect embryos from cattle and then also colelct semen from bulls. They run a dairy, and keep the dairy business going. The lady was very nice and I hope to expect to see things I am use to seeing as well as see things that I am not use to seeing. I am needed to be there at 7 in the morning so that I can help feed the cattle as well as give them shots, and I will be leaving sometime after lunch. Lacy, the main office lady, wa very nice and said she would answer any questions I have and help me to better understand anything that is confusing or hard for me to grasp. I hope to learn more knowledge and get a better idea if this is the field I want to go into.

60 Minutes Video (ABSENT)

1. What is your opinion of the topic of the video? Explain why!
   I feel that this is a bad and good thing. The upper level goverment needs insider trading to do their job, and they are just there to recieve the extra information regarding particular investments and investment oppurtunities. If they didn't have the information, they wouldn't be able to do their job in the ways that it needs to be done. But they are using the information to benefit themselves, not the general public.

2. What can you do about your opinion? How can you make your opinion count?
   My opinion can be made known by writing a letter to one of the states representatives or senator. My opinion would matter more if I gave information to back up why I feel this way. By giving examples of how it is or is not effecting the general public, they would then realize that the public is not given the same opportunies that they are, and therefore they don't have the same opportunities to make money.

3. What is insider trading? What was the information that caused Martha Stuart to go to prison?
   Insider trading is government officials using the "inside" information that they have on stocks and the stock market to make themselves more money and give themselves money making chances that not every person is allowed. Martha Stuart went to prison from using insider trading to make herself more money. By researching into this topic more, I learned that she was using her own products that she was releasing to other business to invest in those businesses stocks. She was able to use her products to make her more money aside from the fact of the money that she is making from selling them.

4. What is "Black Friday" and when did it get its name? What is "cyber Monday"?
   Black Friday is the most popular shopping day after Thanksgiving. It is the day when most businesses have major sales to make more money. It got its name from the depression. The day that the stock market came back up was on Black Friday. Therefore on that day, people started spending more money and the market continued to grow and get better. Cyber Monday is the Monday after Thanksgiving which is when businesses online have major sales. This is following Black Friday, and people continue to Christmas shop and save money by partaking in these major saving shopping days.

Candy Stock Trading (ABSENT)

I WAS ABSENT FOR THE ACTIVITY!

 I feel that by watching the video, talking to those who participated in the excerise, and by watching other videos that trading stocks on the stock market floor would be very stressful. It would involve a lot of communication, and understanding of what you are selling or what you are investing in. I also feel like that by being under stress, you would make decisions that aren't as accurate or as smart as they could have been, if given time to think through them.

Based off of what I was told, the trading was very loud, nosiy, and hot. It was hard to tell what you were trading and what you were getting in return because of how hetic the room was with all the hustling and bustling of everyone. Therefore, I would not want to trade stocks because of all the crazy benefactors that come along with it.

Week 8 Transactions

Games Standards:

3.2: students formulate solutions to economic problems:
--- This game applies to students to solve problems by facing them with the dilemia of not having enough "electricity" to build other peoples and different structures. Before you can build other buildings and houses you have to have a certain amount of electricity and ecolocy points to allow you to build more. To solve this problem, you make the game happy by purchasing those other structures that meet the needs that then allow you to carry on.
  3.1: students explain how different economic systems are organized for production, distribution, and consumption of goods and services:
--- Students can use the production of a shoe factory or of a taxi stand. These different businesses can then distribute their goods that they are creating for the consumption of the public. The people of the city that are relating to the consumption of the goods and services being provided is being used by the public for their public needs.
3.4: students demonstrate an understanding of economic principles that influence individual financial planning:
--- In the game, you can buy things that are vital needs to a school. You realize that these are financially important to the game because they are what keeps the town revolving. For an expample, you can buy a post office, which includes mail carriers which are vital to transportation of goods. Plus, you have to plan your cities budget on what is necessary for it to keep running: like a driving school, post office, and shoe factory are all things that give the city more money to keep it from going bankrupt. My country requires financial planning, by using teh services provided by others to keep the city functioning.
4.3: students evaluate the impact of technology and how it has shaped history and influenced the modern world:
--- Technology has been impacted because less and less things are needed to be done with physical labor. Many things are now being able to be ran by machine. Take for example in the game, my country, instead of man made labor at a power plant, the power from windmills keep the city with electricity. By all these advances, more and more people are going to be lossing jobs from technological advances. The modern world today is all based off of technology.
4.2: students analyze current events to better understand the world in which they live:
--- By traveling to different countries to celebrate different events, it benefits throughout the game, by giving you more money and experience points.  You can travel to dracula's country, and there you "celebrate" halloween and that allows you to get more money and unlock more characters. Therefore by staying up to speed in current events and participating it them, it helps to better your country.
4.4: students explain how past events impact present and the future:
--- The game allows you to launch contracts, to keep the business flowing. The past events are launching the contract whereas the way it impacts the present and future is by continuing to make you money. Also, by upgrading the business from lower levels to higher levels continues to increase the money making ability as well.
5.1: students interpret charts, maps, and graphs to answer questions dealing with people, places, events, or environments:
--- To determine what level you are on, or what requirements you must meet before going forth into the next era or level you must read the chart showing you where your strenghts are and where your weaknesses are. By reading the chart, you are now able to make the decisions to help advance to bigger and better areas of the game.
5.3: students demonstrate an ablitiy to organize and process information about people, places, and enviroments:
--- The way of organizing that I used in the game, was organizing each building based upon what it's purpose was. For example: I put all the hosues, apartments, and dormitories on one side of the street, and put all the businesses on the other. Then from there I had all the parks sorted out into their own special corners, and kept the windmills and other things effectin the ecology of the game in their own special spot as well.

Week 7 Transactions

Week 6 Transactions

http://screencast-o-matic.com/watch/cX6tqoOMC

Occupy Wall Street

I do not think that this is a good idea. The people who are wanting this to occur are the people that are too lazy to go out and do anything. They are the people who would rather spend their time protesting then spend their time working hard for the things that they value. Based off of what I read, I learned that the people for this want bailed out. I do not agree that those working hard and busting their humps should have to spend their money on those who aren't working. I feel that this is always going to be a contstant problem. This is almost going to be like another government bail out deal.

Week 5 Transactions

Comment

Frankie Vogt
Cameron Bennett
Zombie-Gummy-Bears
Marisa Sanders
Tess Mitchell
Haley Malone
Mariah Lange
Corianne McKearney
Anya Tracy
Alex E.

Week Four Transaction and Predicitions:

This week I bought stock in Progressive. I decided to invest in this stock because everyone has to have insurance, and Progressive is one of the better known insurance companies. This company provides not only car insurance but also house and other insurance coverages that would be needed. This is going to be an investment for me, because I plan on holding on to it for long term. Based upon the 52 week information, I bought these stocks when they were at their lowest. I predict though that within the next few months the stocks will go up by roughly $2. The top compeitors with this stock were State Farm, and Geico. But in the long run and reflecting on the data given, Progressive was the better investment, because the 52 week range information shows that Progressive should never drop extremely, but there is always the chance it will jump up a bunch. This stock is part of the finance sector.

Week Three Transactions and Predictions:

Transaction 1:

       I bought stock in Progressive Insurance this week. I will use this as an investment, because everyone will always have to have insurance, so the stock in this will fluctuate up and down, but it should never sky rocket down or up. My prediction for this, is that it is a smart and safe investment. When comparing Progressive to compeitors, I learned that Progressive was a smart choice because they advertise better, and are more commonly found. I looked into State Farm Insurance, but realized that it was not smart and was almost $2.00 more a stock than Progressive. But State Farm was stilling making less money. I predict based upon the 52 week range information, that Progressive stocks will continue to go up and will go up by about $12.00 by the end of December.

Transaction 2:

      I also invested in Exxon Mobile. This is an investment. I bought this companies stocks because everyone who drives, needs gas. The gas companies will never suffer in the money department. I bought this stock when it was at its higher points, which was not smart on my point. I invested in Exxon, because they are the highest most profitable oil and gas stock that is available now. Based upon the 52 week range information, this company will stay roughly in the same place it is now. It may increase by a dollar or two, but it will stay steadily at where it is today. 



Week Two Tansactions and Predictions:

       First Transaction

     After learning more of the stock words and how they can relate within each other, I bought 150 stocks for Bank of America, at $6.64. Mr. Kapptie was talking about how banks in the stock market right now are good to invest in, so I took his advice. As before I had Wells Fargo stock, and that stock always seems to be making me money. I used my experience with the Wells Fargo stock and invested in Bank of America.
       I plan on keeping this stock for a long time, and using it as an investment. If this stock is anything like my Wells Fargo stock it will continue to make me money throughtout the day. The stock so far has been positive when the Dow Jones opens and positive when the Dow Jones closes during the day. When I purchased this stock I compared the price I was buying it at, to what the 52 week range price was. I bought this stock at one of its lowest prices. The lowest for the 52 week range was $6.00. I only spent $0.64 on the stocks themselves from the lowest price. This is therefore why I believe that this stock has been doing so well.
      As of right now, the stock is buying and selling at $6.25. This is a drop in my price and therefore currently I am losing money. My predictions for this company, is that when comparing it to other banking companies such as Wells Fargo all the bank companies are making the stock holders money. I predict that within the next few months the stock price will go up to around $8.00. I feel this will happen because people are still wanting to put money into banks so that the FDIC helps them recover any lost money. They are also doing this to gain the interest that the banks are giving away with the different account options.

Second Transaction

      As for my other transaction, I sold my NIKE stocks. The stocks had too many competitors and they were not making the significant amount of money that I was hoping they would. Nike was competing against Adias and Under Armor. These other companies were selling for lower amounts, but the stock holders were making higher amounts of money. When I bought the stock I bought it at $73.85, which is significantly lower than what they are selling for now. But when comparing the price I bought them at to the 52 week range I realize that I bought the stock when it was almost at its highest selling point. Therefore when I did decide to sell it, I waited until it was at a higher point than what I bought it at. The price I sold it at was $75.46. Waiting until the stock was at a higher cost, helped me make money.
       My predicitions for selling this company are that with Adidas and Under Armors new mottos and items that they are releasing almost daily, Nike just cant compete and keep up with them anymore. Nike was only big for their shoes, where as people are wanting to buy more Under Armor products just because they are more appealing and appeal to younger generations for style, and for popularity. Nike was not a good stock and selling it was smart. This stock was a trade, and i didnt plan on keeping it for long. I wanted to see how it was going to relate with the other sport companies and their stock value. As I learned Nike doesnt compete and was not a good stock to buy.

Week One Transactions and Predictions:

One of my transactions that I made this week is investing stocks in Apple. I bought this stock because of all the new releases of the new electronics and versions that they are releasing soon. I also chose to buy this stock instead of its compeitors of Google. Granted Google's stocks are a higher price right now, but in the long run Apple is not competing with anyone with The IPad that they have. When they release the new IPad version and the new IPhone 5 they will again have no compeitors. Apple is king of electronics in my opinion, because no one else at this point is offering similiar products to what they have. I predict that this stock in a year will roughly go up about $100. This is related to releases of new electronics. Within the months until Christmas, I predict that Apple stocks will go up about $30 or $40. I feel this will happen because with the Christmas season approaching Apple has a demand to make and release more of their products. This will in turn raise the amount of money that the stock holders will be making.

Vocabulary Words List

1. Stocks- a share of a ownership of a compay.
 EX: Stocks are invested into companies to become a partial shareholder of the company itself.
2. Bonds- used to finance a variety of projects and activities.
 EX: My parents bought me a savings bond so that I can get more money by the time it expires.
3. Dow Jones- a mix of the top 30 countries.
 EX: The economy is in a recession, therefore the result is that the Dow Jones is down.
4. Equity- ownership of an asset that is completely paid off.
 EX: The equity of my house is almost paid off, however with all these improvements I decided to sell it due to my remodeling I had done to it.
5. Dividends- money paid to a number of people (usually the shareholders)
 EX: The dividends of the Kellogs cereal, is the money that the compnay is making as extra income.
6.Earnings- the amount of profit that a company produces
 EX: The earnings from the releases of the iPad helped sky rocket the companies business and income.
7. Private Companies vs. Public Companies- private is inaccesible public is open to the public
 EX: Miss Me Jeans are a private company therefore I can not invest in them, where as American Eagle is a public company, which allows me to invest in their stocks.
8. Growth Stock- shares in a company whose earnings are expected to grow above average.
 EX: The company that should have the highest amount of growth stocks is Apple, beacuse of the release of all their new products.
9. Risks- different than expected losing some or all of the original investment.
 EX: It is always a risk investing in the stock market; you never know if you are going to make money or lose money.
10. Small Cap- stocks with a relatively small market capilization
 EX: Small companies are small cap compainies because not as many people are aware of them, and smaller business have a higher risk of not working out.
11. Mid Cap- stocks with an average market capilization.
 EX: Mid Cap companies are companies that have made themselves know, but have not yet guaranteed that they will be making money in high amounts
12. Large Cap- stocks with the highest market capilization
 EX: Many bigger companies are Large Cap companies that have established themselves and have set a good foundation; the people know that these companies will not go belly up so they trust that there is not as high of a risk investing in these companies.
13. Dow Jones- an average price of 30 stocks in the United States
 EX: When the Dow Jones is up, it helps our economy go up as well.
14. S & P 500- 500 large cap stocks that are commonly traded
 EX: Walmart is a part of the S&P 500
15. Russell 2000-index measuring the performance of 2000 smallest companies
 EX: Small cap companies are part of the Russell 2000
16. Treasurery Bond- a bond with a fixed interest issued by the government
 EX: A treasurery bond is paid for all by the government.
17. Inflation- rising and falling of prices
 EX: When the stock market inflates the prices change dramatically.
18. Gross Domestic Product- the money value of all the finished goods and services produced within a countrys borders in a specific time period.
 EX: The countrys gross domestic product went up excessively in the past month.
19.Currency- money
 EX:Without currency we would have no cash to spend.
20. Infrastructre- the basic physical systems of a business or nation
 EX:The infrastructure of a business is all the customers that support it.
21. Economy- the large set of related economic production and consumption activites which aid in determining how resources are used.
 EX: When the economy is effected, the business owners and customers are also effected.
22. Economic Structure- the system of production, consumption, distribution
 EX: The economic structure of our country takes place within Wall Street and then travels to everywhere else.
23.Supply and Demand-higher demand equals higher prices, then the supply increases which means lower prices.
 EX: The supply and demand of Miss Me Jeans is awful because everyone wants them, but there is not enough being made currently.
24. Interest- amount of extra money being charged while you are paying something off
 EX: I have now paid off my loan, but now i need to pay off the interest that the bank charged me for taking out thte loan.
25. Assets- anything you can sell that benefits you
 EX: The asset of a business is the goods that it produces.
26. Accounts payable- short term debt payments
 EX: When I take out a loan, I own thte bank my accounts payable as my way of repayment.
27. Accounts receivable- money owed to you
 EX: When I loan out money to a friend, the money that they owe back to me is my accounts receivable.
 28. Amortize- installment payment
 EX: You can amortize a loan, so that the money equals out better and shows you a better layout.
29. Economic Index- data on a macroeconomic scale used to interpret current or future investments possibilites
 EX: The economic index allows the country to predict the budget for future years.
30. Depreciation- when the value of an object is less over time
 EX: The value of the house depreciated as time went on.
31. Gross Margin- profits divided by net sales
 EX: By saling more than the amount the gross margin will be a little under breaking even.
32. Earning per Share- portion of a companys profit of outstanding share of their common stocks
 EX: The way to make more money is by the businesses is earning per share.

Tamara's channel - 1st phonecast | ipadio | Talk to your World

Tamara's channel - 1st phonecast ipadio Talk to your World

Top Ten Brands

1. Cruel Girl
2. McDonald's
3. Taco Johns
4. Nutri- Grain Granola Bars
5. Crest with added scope
6. Ford Escort
7. Pantech Link
8. Dell
9. Wii
10. Play Station 3

September 11th

I believe that they won. They attacked the world trade centers, and the pentagon to ruin our economy. Look at our economy now. You can't tell me they didn't succeed in ruining our economy. We as a nation have the highest rate for unemployement. Tax payers are buying less and less, and the economy is only going to continue getting worse. I can't tell you that our country hasn't tried to help pull us out of the recession faster, but what they have tried hasn't worked. The war our country is fighting, The War on Terror, is a war that we as a nation, have already lost. They wanted our economy to downfall, and they made it happen. Our nation is killing more innocent people daily with unnecessary fighting. The country needs to pull through the recession, get the economy back on track, and try to recover all the lost time and ground. Killing the enemy in the war isn't going to help us win. What's going to help us win this war is our economy, and until that comes up we will be the losers of the war.

My Cause:

My cause in life is to show my dedication and love for animals. Ever since I was small I have loved animals and I always want to help them. A person who I feel would be a greater speaker on this subject would be Temple Grandhin. She is an animal science professor at Colorado State University.

What I want to get out of economics:

After hearing other kids talk, I want to come out of this class with a better understanding of the business world and how the ecomony and stocks are related throughout the world. I want to be able to answer others questions they may have about the stock market/stocks. I hope to better my knowledge so that when I do get out into the business/working world, I will be more advanced on stock and economy knowledge.