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13/12/2021

πŸŽ₯: Confessions of the Economists

Hey Geeks!
This is the last episode of Confessions of the Economists. Our guest for today is no other than Miss Jessica Ann Jola, an instructor at the University of San Carlos. She talks about what makes the study of economics interesting, the relevance of economics to our society, and a lot more!

As Miss Jola stated β€œThe study of economics helps me understand what is going on.”

This is a very interesting talk and I hope you will all gain something new from this.

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12/12/2021

πŸ‘€πŸ‘€πŸ‘€

A snippet of our last episode for Confessions of the Economists. Can you guess who our special guest is?

Stay tuned!

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β€œGive a man a fish and he will eat for a day. Teach a man to fish and he will eat for a lifetime.”- Laozi (老子) Follow a...
11/12/2021

β€œGive a man a fish and he will eat for a day. Teach a man to fish and he will eat for a lifetime.”- Laozi (老子)



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Hey Geeks is it the weather or is it something else. Maybe it's just me 😌
10/12/2021

Hey Geeks is it the weather or is it something else. Maybe it's just me 😌

10/12/2021

Markets Are Usually A Good Way to Organize Economic Activity.

End the weekday with a new learning as we share with you the 6th principle of Economics. Happy Fri-yay Geeks!





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07/12/2021

πŸŽ₯: Confessions of the Economists

Hey Geeks!

Confessions of the Economists Episode 2 is up! Our guest for today is Mr. Ethan Heindrick Lim, a 3rd year BS Economics student in University of San Carlos. Let us hear what he has to say about being an economics student and what is fascinating about it.

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"It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regar...
06/12/2021

"It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest." - Adam Smith

Why do you go to work? Why do you go to school? There may be many reasons, but at their core you probably go to work and school because you are self-interested. To be self-interested simply means that you seek your own personal gain. You go to work because you want to get paid so you can buy the things you want. You go to school so you can get a better job someday and earn more money to buy the things you want. In fact, most of the economic activity we see around us is the result of self-interested behavior.

So why does the baker choose to bake? The answer is self-interest. The baker wants to earn enough money to feed his family and buy the things he wants and the most effective way he has found to do that is to bake bread for you. In fact his bread has to be good enough and the service friendly enough that you are willing to give up your money freely in exchange for his bread. The baker while serving his self-interest has produced a good that is very valuable to you. The miracle of a market system is that self-interest produces behavior that benefits others.

Continue reading about The Role of Self-Interest and Competition in a Market Economy:
https://www.stlouisfed.org/education/economic-lowdown-podcast-series/episode-3-the-role-of-self-interest-and-competition-in-a-market-economy

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03/12/2021

Trade Can Make Everyone Better Off

Rather than being self-sufficient,
people can specialize in producing one good or
service and exchange it for other goods.

End the weekday with a new learning as we share with you the 5th principle of Economics. Happy Fri-yay Geeks!





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Trivia of the day!Did you know that there is no single economic theory that can explain Singapore's economy!?This is wha...
02/12/2021

Trivia of the day!

Did you know that there is no single economic theory that can explain Singapore's economy!?

This is what we call the 'Singapore problem'. If you read the standard account of Singapore's economic success in places like the Economist or the Wall Street Journal, you will only hear about Singapore's free trade and welcoming attitude towards foreign investment. You will never hear about how almost all the land in Singapore is owned by the government, while 85% of housing is supplied by the government's housing corporation. 22% of GDP is produced by state-owned enterprises (including Singapore Airlines), when the world average in that respect is only about 9%.
To put it bluntly, there isn't one economic theory that can single-handedly explain Singapore's success; its economy combines extreme features of capitalism and socialism. All theories are partial; reality is complex.

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30/11/2021

Nov. 30, 2021 | Andres Bonifacio Day

Today, we remember and celebrate the Birth Anniversary and leadership of Andres Bonifacio, the Father of the Philippine Revolution.



the only type of balance that matters for economistsFor more information,Follow and Engage with us:Facebook: The Economi...
27/11/2021

the only type of balance that matters for economists

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Whether it's about keeping track of your personal savings, planning out your investments, or managing financial records....
26/11/2021

Whether it's about keeping track of your personal savings, planning out your investments, or managing financial records. Microsoft Excel has everything that you need! πŸ”₯

Here are some Geeky Facts about Excel that you didn't know about! πŸ€“

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