08S69 - In the Moonlit Night, we will Rock the World

newspaper article: MONOPOLY!

hey! im back.. haha :))

found a newspaper article related to the market structure: monopoly lecture!

yep.. that part about the SINGTEL MONOPOLY before 1997.

okay, i think i've posted a lot le! so everyone come and post too! :D

posted by Zhou @ 11:13 PM Comments: 0

ILP! doughnut song :))

hey people :)) here's the doughnut song from our ILP!

heres the lyrics:

As Donut Factory opened in Raffles Place
Spreading its sudden craze
Many more doughnut chains
Started appearing everywhere

Multi-coloured the doughnuts were yummy
As many queued up to attain
This increase in demand will hence lead
To an increase in the supply

Then the equilibrium price
Will decrease subsequently
The equilibrium quantity will increase gradually

But will this doughnut craze
Be able to go on for long
One and all, let’s stand by doughnuts
That it may live on and on!


blogger refuses to allow me to post audio/video so i uploaded it onto esnips.
you can download it if you're a member..

heres the link:
http://www.esnips.com/doc/591d8553-d5bf-42a0-bc4a-0ad6ad819c31/the-doughnut-story

posted by Zhou @ 10:41 PM Comments: 0

WANTED! elasticity song :))

hey people :)) here's my song from WANTED!

okay. its sung to the high school school song!
and yeah.. my brother sang it (again)! :D

it's split into the four verses..

heres the lyrics:

There are various elasticity concepts used in economics,
PED, and YED, and CED: price, income and cross.
They all vary in many things, definition, formula and sign,
But their purpose through applications all remains the same.

PED is a pricing determinant that is always negative.
It can either be elastic or inelastic, depending on the nature of the good.
Lower price when demand is price elastic, as many substitutes are available.
Increase price when demand is price inelastic, so as to increase total revenue.

YED can be positive or negative, depending --on the kind of goods.
Inferior goods have negative YED, normal goods have positive.
Increase production of inferior goods during recessions.
Raise the production for luxury goods during economic booms.

CED can be positive or negative, or even zero.
Substitutes have positive CED, complements have negative.
Differentiate the products and services in terms of substitutes.
Organize joint promotions or discounts for the complements.


enjoy -.- <-- i think the face is from leo :X

anyway, heres the link:
http://www.esnips.com/doc/3c0084a6-d447-4360-b7a9-9ff0b72efc7e/WANTED!-elasticity-song

posted by Zhou @ 7:47 PM Comments: 2

First post

Okay guys, since i've been kena arrowed to do this, i figured i'd at least do it nicely.

This blog will serve as out class blog, as well as every other blog competition that crops up so i can save time (yay ^_^). And....

PLEASE POST!!! i'd get killed if theres only 1 post here, much like the previous attempt which no doubt failed badly. very badly. so enjoy yourself and post your hearts out. figuratively.

can zhou ang's and leo's group post their ilp stuff and zhou ang her WANTED! stuff? yeah thanks in advance.

so please guys, think of the $200 vouchers that will save our wallets for jts, and post. yeah

remember, no offensive material allowed yada yada yada...

in conclusion:

>>just post<<

---

yeah you know you wanna click the post button. stop struggling. give in to temptation. give in ... you know you wanna ... yeah ...

posted by IT rep @ 7:35 AM Comments: 0