Wednesday, February 12, 2014

Chris`s intro to econ

Hello, this is Chris Hood from the econ class in ISCL and this is my first time posting a blog. I would like to learn in the econ class how the values of metals are affected since I want to major in mining engineering. I usually see a lot price changing in different kind of metals. I have a basic idea of that, "demand and supply." That is pretty much I know about metals price and when they change. I was thinking that our world economy will always have a high demand for metals since a lot of essential things for business and everyday use are made out of metal, so the demand will be always be high, and I guess that it will keep the industry of mining stable or if the demand gets higher, will be even better, that means more profit to the mining industries and its workers. In other words, if I join the mining industry I won't have to worry of becoming a taxi driver because the mining industry is not doing well. This is all based on my limited knowledge about economy and off course it could change and it is one of my goals in this economy class, to learn more about the decision that our society will be making that will have an effect on the mining industry. By the way, I`m a senior at ICSL, I'm 19 and I'm from Panama.