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Showing posts from October, 2018

Supply and Demand

        Supply and demand are interestingly strange concepts to deal with, and yet companies and individuals see it all the time. Companies need to look at demand so they know how much of a product they need to supply in order to maximize their efforts and not waste resources in the case of a surplus. Colleges and the students have supply and demand they also need to look at.Students when looking into what career should keep two things in minds: what makes them happy and what jobs will be needed when they finish their degree.        Students attend college to better there education and get a degree to get a higher paying job.  When choosing a career people need to make the decisions that will make them happiest in life. These choices will increase the total utility for individuals. In my case choosing Treasure Valley was the best decision I could make to help myself be happy in the long run. I chose tvcc so I could get an education, but i also got an opportunity to continue to run tr

Blog Post 1- Big Decisions

         The world of economics has had a profound impact in the way people live there daily lives. People should learn about how economic concepts work and how they can effect the time and finances that challenges modern society. Economic decisions are as attractive to society as the plague. No one wants to talk about big decisions involving finances. However, I personally have had to make some life altering decisions over the course of the past year. Deciding to attend college at TVCC,where i plan to work on specializing in a field of study, had a significant impact on my families budget, although, the opportunity was to good to let pass.           Being from Pocatello, Idaho it was a hard decision to make when choosing a college to attend. Making the decision to come to Treasure Valley put a huge burden on my parents budget. My mom had to get a job to help support me in this adventure. A budget constraint shows all the possible outcomes of how money can be spent for the allotted