} makes me wonder

not supposed to be blogging now. =( supposed to be studying Theory of Income and Employment, which im actually trying to do while blogging, but so far multi tasking isnt working cos the only line i've read (over and over again) is 'THE CIRCULAR FLOW OF INCOME AND EXPENDITURE' which is like the first heading in the notes. =|

but i just have to blog now cos i've avoided it for too long. anyway i will just say it so one day i can read back and feel guilty about it, instead of feeling all the guilt at this moment. like, sharing the guilt with future me's. and im not making sense and im diverting myself so i will just say it.

i broke/cracked weijun's guit. =(

and for the rest of the day it made me feel so unlucky, which is so selfish, cos shouldnt the owner be the one feeling unlucky?? stupid me. so i think im through with being selfish and feeling bad, and i should just do something about it.

(edit) this is re: weijun's tag cos i dont wanna flood your tagb. =P ermmm how do i say it? i guess i could predict how you would react, and yes i know juns you're too nice to get mad over such things =D but thats not what matters? haha. cos the simple truth is just that i borrowed something from a friend and it didnt quite come back safely in one piece. and by blogging about it i DONT mean to say that this thing has made me go totally guilty & emo lol as i said im actually kind of over the just-feeling-bad stage and i guess it was a bad idea to even talk about it here but i had to cos i just had to acknowledge that it happened. so. erm. yea. =D

The circular flow of income shows the sources of spending flow and the uses of income generated by the spending flow.

my grandma and cousin came yesterday. which felt like a nightmare, at first, and i was being so stupid and scared because they came. not that they're terrible people. i would have preferred if they are terrible. but no, they are nice and i do love them a lot, but i was nervous because 1. i hadnt seen them for so long and i never have a lot to talk about with my relatives, 2. im supposed to be studying so im in a perpetual dilemma between trying to spend time with them and studying.

but my cousin is really nice. we sat and talked yesterday, though only a bit, since my full-time job is a conversation killer.

Here, we assume:
1. A simple 2-sector economy made up of the household sector and the firm sector

today we talked a bit more, and although we're not exactly chummy i guess im glad that at least i kind of tried this time. she probably thinks that im a nerd, an aloof one at that, because i perpetually look like im not interested in talking to her at all, but thats really my perpetual-dilemma-between-trying-to-talk-and-studying face (see above).

yea i like the word perpetual, btw. i will try to use it a lot in my gp essay this coming common test, and i'll smile every time i write it cos i'll remember this blog entry.

2. Consumers spend all their income on goods and services produced by firms

and yeah im using econs stuff to kind of separate different 'sections' of this entry. its actually quite effective to blog what im trying to study.

3. There is no government sector

although i guess it only works for parts of the notes. i'd have to type a VERY long entry if im going to type the entire econ syllabus here.

but i think this entry is pretty cool. like in new books now where authors try to use different ways of making their books interesting, like writing in letters and emails, putting in pictures, going funky with their punctuation and capitalisation... no actually im lying cos the only author i know who does that is Jonathan Safran Foer, and his writing is good enough already even if he doesnt use such devices.

4. The economy is closed, i.e. no foreign trade

oh yea and i had dinner with von and su yesterday... or was it the day before that. studying is making me disoriented with days. i only know today is thursday cos theres nothing to watch on tv. anyway.. they got me a zara shirt (i know. zara. wtheck) which i dont think i will wear in public until i lose my tummy cos its quite fitting. actually, i dont think i will wear it at all unless im hidden under layers of make up. like as a clown. or during a very very special occasion. sorry guys. i like it a lot.. just not when im wearing it.

and im getting distracted cos i cant type in the stuff in my notes anymore cos its a diagram. when i type it, it will look like

factor payments to households
provide factor services to help in the production of goods and services
Inner Flow
Household (Consumers)
Firms (Producers)
provide final goods and services to households
payment for final goods and services

oh now i remember. YESTERDAY i went to the nat lib with su. to study. but in the end we succumbed to the temptations of comics and afternoon naps. lunch was quite fun though, we bought cup noodles from 7-11 and got cheated, cos Cheers had them for much cheaper prices. so much for monopolistic competition. i guess we're fools to have brand loyalty.

Firms produce goods and services. To do so, they hire factors of production - labour , land, capital, and enterprise - from households and these factor services will generate their respective income payments - wages, rent, interest, and profits. Households in turn spend their factor income on the consumption of goods and services.

btw another reason not to doodle on lecture notes (besides that i'll get distracted and not listen to the lectures): i'll get distracted when revising and end up looking at the doodles instead of the words on the notes.

the busking the other day was good. no actually we weren't very good. but we had a lot of fun. we played/sang songs that we've been 'preparing' (haha) since last year.. more than words, qing tian, qing fei de yi... we had the most support during qing tian, although we prepared so much for collide and when you say nothing at all. that shows that the Speak Mandarin Campaign is RUBBISH, cos everyone already likes chinese songs = everyone already knows at least a bit of chinese.

From this analysis, we can see that for an economy as a whole, all expenditure on the final output of a nation, which is equal to the money value of that output, ends up as someone's income.

ok im done for now. this post must be the most beneficial i've ever done, cos i get to ramble about a lot of things and anyone who reads it (if anyone does) will have a basic knowledge of macro econs! although its all inserted in between the ramblings, which makes this entry like a horribly commercial websites, with the precious content inserted in between huge flashy distracting ads.

haha. oh and before im really done, this is the product of denise's & my hard work: http://www.bestcon.org . please do go to that company if you're interested in building/renovating a house/anything, but mostly houses. we have worked with the owner and we can certify that he's a nice guy.

(edit) oh yea yesterday I forgot to add.. I had it in my head all day but somehow forgot when I was typing this. anyway, wanted to say that I look up to my cousin a lot. actually I look up to her whole family a lot... cos its full of people who are interesting and outgoing and doing what they like. my uncle is a hairdresser and my aunt works with him in a bridal shop + salon. its really cool. they're the people who keep me grounded.. when im with them im reminded that i dont have to be a high-flyer, or anything at all, except what i want to be. and on top of everything, i have to like what i do. and..yea...somehow this didnt come out quite as i wanted it to, but oh well. i guess its enough that i know it for myself.

2007-06-14, 9:03 p.m..
before } after