iTunes program

Today I register a new account on the iTunes, because I want to buy some program on my ipad. As you know, in China, we usually jail break for those equipment that we can download any problem for free. BUT, I accidently upgrade the system so I can’t do that again, then I have to pay for the program I need.

I buy a game called “Eternity Warriors”, it’s for free, and it’s very interesting. But after several levels I did, it’s really hard to maintain the HP for a long time, and you need to buy the equipment that in the shop. For example, the better sword in next level cost 2000 coins, but if you play 10 minutes you can get less than 200 coins. The best equipment you have to pay in dollar and if you buy all of equipment on your body, it will cost $99.99.

In my opinion, the apple company is really clever! Not only they can earn a lot of money on their electric products, but also they can get a lot of money on their problem. Those two things are complement goods. Its means you can’t replace one of them to the other, and the seller can get benefit from both of them. That’s why people need to spend more and more money on it, and you can’t do any things about it.

3rd Class Summarize

Today Rizzo talk more about the oil problem with some economic views. He gives us the explanation and tries to tell us why we consider the economics as a social science.

Why we have the market? Some people must believe maybe we can do better with our own. That a huge mistake! In the ancient time, the first economic activity is to exchange the items, and we call that basic economic principle. Until now, people usually trade with other people to get what they want or need. That’s how market worked. 

Second Class Summarize

This is the first class I had, and the professor told us to follow the rule that write the outline after every single class. It's really helpful for review or consolidates the knowledge that I just learned. Also the professor told us to read the "I, pencil" and come up with 3 points. I already did.
In the middle of the class, he gave us a case:
We have founded the oil we have underground is 531,000,000,000 tons, but for every single year there are 16,500,000,000 tons of oil we use. According to this information, we can get after 32.2 years we will run out of oil. But, in fact, we can't run out of oil. And there is another fact set before us, the oil price is much lower than the time of the oil we just found. We haven't finish discuss this problem but I really looking forward to it!

1st Class Summarize

This is the first class. Not actually the really class I have, because the professor talk about the syllabus more. I sit in the first row, to be honest I was a little bit nerves in the beginning of the class. But then I realize the professor is really "energetic"! I really like the way that professor teach! I hope I can have a good schoolwork with economic!

"I, pencil" report

After I read this story, I never thought there is such complex problem through the little tiny pencil we can find. Maybe we can call that, little stuff can see huge world. 

The whole essay is written by a pencil's view. In my opinion, pencil is a very simple and normal thing in our life, but it say not much people know how it product. That's true. I search some video about the production of pencil, it's really makes me surprised. The whole process is start by a tree, we need to cut it down and transform it from the forest to the factory, and then we have to exploit copper mine and graphite. Also we need the entire infrastructure for the factory, like electricity, water power and so on. Not only those resource we need by making a pencil, but also very exactly measure for the course of manufacture. 

There are some sentence very impress me: “Neither the worker in the oil field nor the chemist nor the digger of graphite or clay nor any who mans or makes the ships or trains or trucks nor the one who runs the machine that does the knurling on my bit of metal nor the president of the company performs his singular task because he wants me. Each one wants me less, perhaps, than does a child in the first grade. Indeed, there are some among this vast multitude who never saw a pencil nor would they know how to use one. Their motivation is other than me. Perhaps it is something like this: Each of these millions sees that he can thus exchange his tiny know-how for the goods and services he needs or wants. I may or may not be among these items.” Through this point, I know that the market is a best way that to organized the economic activity. Because in the market economy, no one cares about the welfare of the whole market, they only care about themselves. In the free market, there are on the relationship between the seller and the buyer, and they can take care of themselves about their welfare. Therefore, the economy will promote slowly.

The other sentence I was interested in: “For, if one is aware that these know-hows will naturally, yes, automatically, arrange themselves into creative and productive patterns in response to human necessity and demand—that is, in the absence of governmental or any other coercive masterminding—then one will possess an absolutely essential ingredient for freedom: a faith in free people. Freedom is impossible without this faith.” Through this paragraph the author tells us a simple principle that: if nobody leads the organization, people will spontaneously use their knowledge to satisfy all their needs. This is a hint that the author want to tell us the possibility with the free market. And he also believes we can satisfy all we need in the free market if there is no leading.

Above all, I realize we can through any simple things to figure out some complex problem, and those problems also have some regular pattern, if you know well about those regular patterns you will have a good chance to know about our society. That’s what I want to say.