Today

Today in our Honors Economics class, we did notes on Modern economics, Promoting growth and stability, and providing public goods. I learned that Laissez faire means Hands off in French. I also learned that a profit motive is the force that encourages somebody to improve themselves. We also started the class by watching a video on opportunity cost. The opportunity cost is the most desired alternative given up at the results of a decision. An example of opportunity cost is asking a girl to the prom. If you ask the girl you want the most the opportunity cost is that you won't be taking the second girl that you wanted most. This is what we covered today in our Economics class, I cannot wait to see what happens tomorrow!