All Vocab

1.STOCKS-a piece of the company that we own.
I invested in the Walmart this stock this week because it should go up because of Christmas.
2.BONDS-a debt investment where the investor loans money to a buisness/corporate that borrows funds and returns money with interest.
My grandmother gave me bonds for christmas, but I won't be getting $20 for another 10 years.
3.DOW JONES-Add the component stocks prices and dividing by the number of componets
I decided against buying stocks from Disney because the dow jones has been bad for the last year.
4.EQUITY- ownership of an asset that is completly paid off
My parents have not paid off their equity to their house yet.
5.DIVIDENDS-a distribution of a portion of a company's earnings.
Since I helped start my brother's lemonade stand by loaning money, I get a dividend of their profits.
6.EARNINGS-amount of profit that a company produces.
Johnson and Johnson's earnings are large this quarter.
7.PRIVATE COMPANIES VS. PUBLIC COMPANIES- You have to work for a company to buy from a private companies stolks and public companies' stocks are open to the public to buy.
I can't buy private company stocks but I can buy Walmart stocks.
8.GROWTH STOCK-Shares in a company whose earnings are expected to grow at an above average rate relative to the market.
I'm glad gold stocks have been up so the growth stock is better.
9.RISK-The chance of losing some or all of the original investmesnt.
If I had invested in GM a few years ago, it would've been a horrible risk to take.
10.SMALL CAP- Stocks that have less than $2 billion in their capalization.
Parlor News my local small town coffee shop is a small cap buisness.
11.MID CAP-Stocks with an average market capitalization.
Starbucks is a midcap company because it has more than $2 billion but less than $10 billion.
12.LARGE CAP- A company with the biggest market capitalization.
Walmart is a large cap company because it has so much money.
13.EXPLAIN THE NUMBER OF THE DOW (UP OR DOWN) WHERE DOES THE NUMBER COMEFROM?The number of the dow represents the average prive of 30 of the largest stocks being traded and the number comes from what the prices of these stock are on any given day.
The dow is up today because the president fixed our economy.
14.WHAT IS THE S AND P 500?-Stands for standard and poors 500 and is an index made up of 500 differenct stocks and is the benchmark of the overall market.
15.WHAT IS THE RUSSELL 2000?Index measuring the performance of 2000 smallest companies.
The russell 2000 is doing horrible because all the smallest buisnesses ran out of buisness.
16. TREASURY BOND-A government loan with a fixed rate and maturity of over 10 years.
I'm about to cash in my treasure bond.
17.INFLATION-General increase of price for goods and services over time
Our ecomnomy is doing so well it's the best inflation we've seen in a long time.

18.GROSS DOMESTIC PRODUCT-When a brand new finished product is sold it contributes to the GDP, it’s dangerously used to show strength of our economy.
The gross domestic product has brought our economy up

19.CURRENCY-A form of exchange
CHina has a very different currency than the US.
20.INFRASTRUCTURE-Physical systems of a business or organization, they are often public systems, services, and facilities of a country or region that are necessary for economic activity
The infrastructure has been doing really well with the economy.
21.ECONOMY-The large set of inter-related economic production and consumption activities which aid in determining how scarce resources are allocated
Since everyone is buying things, are economy is doing great.
22.ECONOMIC SYSTEM-The large set of inter-related economic production and consumption activities which aid in determining how scarce resources are allocated
The economic system is low in production today, so the economy is down.
23.SUPPLY AND DEMAND- If the demand is high the supply is low
The supply in gold is down, so the prices have raised.
24.INTEREST- charge for use of money
My interest was so high at the bank that I lost money, instead of made some.
25.ASSETS- Anything that can sell.
I sold my assets today to make more money.
26.ACCOUNTS PAYABLE- An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors.
I have almost paid off my accounts payable but I'm about to miss my deadline.
27.ACCOUNTS RECEIVABLE- Money owed by customers (individuals or corporations) to another entity in exchange for goods or services that have been delivered or used, but not yet paid for
My company had a great accounts receivable this year, we increased by 10 thousand dollars.
28.AMORTIZE-The paying off of debt in regular installments over a period of time
I have to amortize for my car for the next 6 months.
29.ECONOMIC INDEX-An indicator on what's going on in the economy.
The economic index for the economy is the dow jones.
30.DEPRECIATION- Decrease of appreciation in value.
I depreciate Sierra hitting me everyday of my life.
31.GROSS MARGIN- Profits divided by net sales
If I sold $500 cats and have $1000 dollars my gross margin is $2.
32.EARNINGS PER SHARE-Net income-dividends on preferred stock/ average outstanding shares.
33.LIABILITIES-A company's debts or obligations that are due
34.OVERHEAD EXPENSE-Overhead ratio is a metric that allows companies to evaluate expenses as a percentage of income
35.OWNERS EQUITYThe capital employed in a company, computed by deducting the book value of the liabilities from the book value of the assets. Also called net assets, net worth, shareholders' equity, or shareholders' funds.
36.PRODUCTION COST-The costs related to making or acquiring goods and services that directly generates revenue for a firm. It comprises of direct costs and indirect costs. Direct costs are those that are traceable to the creation of a product and include costs for materials and labor whereas indirect costs refer to those costs that cannot be traced to the product such as overhead.
37. WORKING CAPITAL-. The cash available for day-to-day operations of an organization.
38.LOAN-Written or oral agreement for a temporary transfer of a property (usually cash) from its owner (the lender) to a borrower who promises to return it according to the terms of the agreement, usually with interest for its use
39.LOSS LEADER-Good or service advertised and sold at below cost price. Its purpose is to bring in (lead) customers in the retail store (usually a supermarket) on the assumption that, once inside the store, the customers will be stimulated to buy full priced items as well.
40.SCARCITY-Ever-present situation in all markets whereby either less goods are available than the demand for them, or only too little money is available to their potential buyers for making the purchase. This universal phenomenon leads to the definition of economics as the "science of allocation of scarce resources."
41.OPPORTUNITY COSTS-A benefit, profit, or value of something that must be given up to acquire or achieve something else. Since every resource (land, money, time, etc.) can be put to alternative uses, every action, choice, or decision has an associated opportunity cost.
42.EXPLICIT COSTS-Expense that is contractual in nature and definite in amount, such as rent, salaries, wages, or utility bills. Explicit costs are easily recognizable for classification and recording.
43.IMPLICIT COSTS-The costs associated with an action's tradeoff. It is related to explicit costs, which represent the actual costs of an activity, and represents a cost that is not recorded but instead implied. For example, an employee could take a vacation and travel. The explicit costs would include travel expenses, the cost of a hotel room, and costs related to entertainment. The implicit costs relate to the tradeoff, namely the wages that the employee could have earned if the vacation was not taken.
44.PRICE-An amount what an item is worth
45.RELATIVE PRICE-Price of a commodity as it compares to another. The relative price is usually presented as a ratio between the two prices.
46.INCENTIVES-Inducement or supplemental reward that serves as a motivational device for a desired action or behavior.
47.PROFIT-The surplus remaining after total costs are deducted from total revenue, and the basis on which tax is computed and dividend is paid. It is the best known measure of success in an enterprise.
48.LOSS-The amount that was deducted from the total cost
49.EQUILIBRIUMState of stable conditions in which all significant factors remain more or less constant over a period, and there is little or no inherent tendency for change. For example, a market is said to be in equilibrium if the amount of goods that buyers wish to buy at the current price is matched by the amount the sellers want to sell at that price. Also called steady state.
50.SURPLUS-Extent to which generation of goods, services, and resources (such as capital) exceeds their consumption.
51.SHORTAGE-Situation where the quantity available or supplied in a market falls short of the quantity demanded or required at a given time or price.
52.MINIMUM WAGE-the price at which the goverment chooses the price at the lowest an employee can be paid.
53.PRICE FLOOR-Limit beyond which a cost will not be allowed to fall.
54.BEAR MARKET-Period in which prices of securities or commodities fall by 20 percent or more. During such periods (1) investment interest is generally limited, (2) concerns about the state of the economy abound, and (3) dealers or speculators are more inclined in selling their investment portfolios than to increase their risk by holding
55. BULL MARKET-Securities or commodities market in which prices are rising, bulls are trading in high volumes, investment interest is high, and the public views the economy as strong and getting stronger. Some US bull markets (like the one that ended in the year 2000) have lasted for more than 15 years.
56.BOOM-Period that follows recovery phase in a standard economic cycle. A boom is characterized by an economy working at full or near-full capacity, strong consumer demand, low rate of unemployment, and a rising stockmarket, usually accompanied by rapidly increasing consumer prices (inflation).
57.BILL OF EXCHANGE-A written, unconditional order by one party (the drawer) to another (the drawee) to pay a certain sum, either immediately (a sight bill) or on a fixed date (a term bill), for payment of goods and/or services received. The drawee accepts the bill by signing it, thus converting it into a post-dated check and a binding contract.
58.BUDGET DEFICIT-Amount by which actual expenses exceed planned expenses. Opposite of budget surplus.
59.CAPITALFactors of production that are used to create goods or services and are not themselves in the process.
60.SHORT SELL-A trading strategy in which an investor borrows shares of a security or futures contract (typically from a brokerage firm's inventory) and offers them for sale to other investors. If the price goes down, as the investor believes it will, he or she will buy the position back at the lower price and return them to the lender. If the price rises, the investor will be forced to buy the shares or contract back at a higher price to return them to the lender, resulting in a loss. In either case, the gross profit (or loss) on the trade will be the difference between the buy and sell price.
61.SHORT COVER-To repurchase a previously sold contract.

Job Shadow

Job Shadow Expectations/ Phone Call

On December 7th, I will be going to Parkside Elementary School for my job shadow day. I will be spending the day in Mrs. Carter's kindergarten class. I am looking forward to spending the day with an age group of children that I'm usually not around. I have no siblings that young so it will be a new experience. I am expecting a fun day full of chaos and not much structure.
According to Google the average elementary school teacher makes about $52,240 a year. Their job is needed in practically every single place in the world. Teachers are the building blocks of the future and are a key component as to what type of person you will be. A kindergarten teacher must get a 4 year teaching degree to teach in a school.
I sent Mrs. Carter an email instead of calling her because there was no phone number given. This went very smooth and I got the same answers that I was expecting. I figured I would need to be at the school by 7:45 before school started. I knew I would have to dress professionally and I would get a short
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Week 8 Vocab/ Journal

1.) Accounts Receivable- Money owned to you.
Ex: This quarter was bad for the Nike store because the accounts payable was twice the
2.) Ammoratize- To pay off debt by
Ex:
3.) Economic Index- An indicator of what is going on in the economy.
Ex: The Dow Jones is an easy economic index of how the stock market is doing today.
4.) Depreciation- The decrease of price in something because of  a negative situation.
Ex: When Steve Jobs died, Apple's stock's depreciated.

Journal
This week i decided not to invest in anything because my stocks hadn't had any drastic changes that would cause me to take any action. One stock that i bought at the very beginning of the game was Randgold Resources. Randgold Resources belongs to the Basic Material sector. I thought this would be a good investment because gold seems to always do pretty good even when the stock market is doing bad. I bought this stock for $ 101.73 and i did this because according to their 52 week information, this was in the middle, leaving much room to grow.

Video

1.) What is your opinion about the video, explain!
I feel like it's unfair for the Senate and Congressmen to be able to buy stocks. They have insider information that gives them an unfair advantage of the public. This defeats the purpose of how the stock market works. If they can have this information then it should be fair for everyone else to have that same information, therefore Martha Stewart shouldn't have gone to prison for the information she had.

2.) What can you do about your opinion?
I can spread my opinion to people around me and hope they will also believe the same thing. This could cause enough people to come together to actually make a difference and put a stop to it.


3.) What is insider trade, what was the information that caused Martha Stewart to go to prison?
Insider trade is when you get insider information from a business about whether a stock will go up or down.  Martha Stewart found out that a certain business was about to sell all their stocks, she went to prison for lying about her infomation.

4.) What is Black Friday and when did it get its name, what is Cyber Monday?
Black Friday is the day after Thanskgiving when everyone goes shoping. It got its name on October 28th, 1929. Cyber Monday is the Monday after Thanksgiving where everyone goes shopping online.

Game Standards

3.2- Students formulate solutions to economic problems.You start off with a certain amount of money and as the game goes and you start to build houses, buildings, and businesses you begin to spend all the money that you originally started with. In order to stay out of debt you must start hiring people and building things that will gain you money. This helps you to proceed farther into the game and get higher levels. With the buildings you build you will start to get your money back thus helping solve your economic problems.
3.1- Students explain how different economic systems are organized for production, distribution, and consumption of goods and services.
I think it's important to keep my business away from the residential. This way the people are likely to take my public forms of transportation to go from their homes and spend money at the businesses. This way the whole town is gaining and earning money because of the way the town is set up. It is important for the systems to be set up according to production lines, distribution lines, and consumption areas in order to keep the structure needed to maintain a good system.

3.4- Students demonstrate an understanding of economic principles that influence individual financial planning.
In this game you have to plan according to how much money you started with and how much you must spend to keep your country going. You must know how much money you will get from each building at any given time to plan how you will spend your money. If you spend to much it is a very slow process to get enough money back to actually proceed on in the game. This entire process has to do with planning how to use your money for the most effective way.

4.3- Students evaluate the impact of technology and how it has shaped history and influenced the modern world.
In this game it is important to keep up with the most modern things in order to receive the most amount of money and experience points. This teaches us how to use this technology to get ahead. The technology that has been invented in the last twenty years has aloud us to expand much more than anyone thought possible. As my city is expanding i must continue to keep building electrical places in order to meet the requirements. This advancement in technology is slowly shaping how my city is ran and everything that is in my city.  You can do practically everything involving your business without actually moving from in front of your phone or computer. In the game i can click a simple button and have whatever i need to be done, instantly done. This is helping me expand and make further progress very fast.

4.2- Students analyze current events to better understand the world in which they live.
In the game i received a gift which gave me money and XP points. This event shows that i am doing good and its a positive thing. It helped me to understand that when i do good things that i get good things and rewards in return. When getting more friends on the game you receive money and gain having people to talk to about how to play the game the correctly. When new ventures happen that is considered a new event. This helps you to decide what you need to do next. In life sometimes you have a path laid out for you that if you follow it then good things will happen. In this game the same concept happens, if you follow the ventures then you will make good progress.



4.4- Students explain how past events impact the present and the future.
In the game on the very first day i choose to build a bunch of apartments instead of small businesses. This was a poor choice that is still impacting how my game is ran now. I am making a very small amount of money from the apartments compared to the large amount that i could be making if I had chose to build different buildings. This will continue to affect my game until i can make enough money to cover my mistake and build the right types of buildings to earn more money and continue on successfully in the game.

5.1- Students interpret charts. maps, and graphs to answer questions dealing with people, places, events, or environments.
In my country i have all of my businesses in one area and my residential places in one place.  This helps me keep things organized and keep the personal life and business life separate. This way people can go into the city part of my country to go to events and it will stay out of the way of them being at home. It also helps the environment because the parks are separate from the businesses. I also put my windmills far away from everything to save room for the environment.

5.3- Students demonstrate an ability to organize and process information about people, places, and environments.
I have everything grouped into sections. All of my housing is in one section then i have my post office and other things that are used for public use. I saved room between these two areas so that when my city started to grow i would have room for the expansions. I have my windmills in a separate area away from everything so there would be a separation by the environment and the wind could get to my windmills without my tall buildings getting in the way. My tall buildings have their own huge section of land because that's where i make the most money, thus i would need more space for these types of buildings.

Candy Stock

Yesterday we walked into this very dark room. The temperature in the small room was very humid feeling. There were pictures flashing on two of the four walls at a very fast pace that made it very hard to see exactly what was going on. The small space made the noise escalate and the environment continued to get louder and louder as people tried to talk over one another. The space was very cramped and as everyone was running around trying to trade and sell their stocks it made things frustrating.

Throughtout the period things began to run a little bit smoother as everyone started figuring out a pattern that worked best for them. People began walking around the room with motivation instead of just in a random pattern. By the end we had the system figured out and things were running as smooth as we wished the would have from the very beginning. At the very end we got to eat the candy that had been tempting us the entire time.