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Industry and Marketing

         Marketing and Industry are a big part of economics. In the sense of college though it is somewhat complex. There are thousands of colleges around the northwest alone, so how does one chose the right one for them.  Colleges market themselves in many ways; one of these ways is in where they are located. A good chunk of students coming fresh out of high school want either want to stay at home or go somewhere away from home. In my case I chose to go away from home because i thought it would help teach me independence. Another way schools market themselves is by offering scholarships to students with good grades and with exceptional athletic ability. Students can get scholarships for almost anything these days. A friend of mine got a scholarship for marking a box claiming he was Jewish. The fine print said you do not have to be Jewish to mark yes.  Offering scholarships for academics and sports helps bigger colleges with enrollment.  However for athletes who don't make NCAA reg
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Elasticity and Utility

      Elasticity is an economic concept that measures responsiveness of one variable to change another variable. Relative elasticity for demand means that a small changes in the price could create a huge shift in the demand, and the same goes for supply.These concepts are relatively simple and easy to understand once they are applied to real world tasks or decisions.         The decisions I made in the past year or so have significantly been inflicted by elasticity. The choice to go to college is one that many people make. In the case of price elasticity going to college can be a hard choice to make. The amount (supply) of colleges around the United States has grown to a high amount. The people who go to the colleges would be considered the quantity. The quantity of colleges and the people who attend these colleges(supply) directly impact the price of tuition the college imposes.         For me and my family, choosing tvcc was the most cost effective decision we could make. My grade
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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
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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
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