Topic 1 Big Questions

Think about PAS as an economy, and everyone at PAS as both a producer and consumer. What is the "what"? In other words, what goods and services are produced? Who produces those goods and services? To students in PAS, the goods and services is the education that all staffs provided. To the teachers in PAS, the goods and services will be the money we paid for the school. Teachers provide education and students provide tuition. How are those goods and services produced? Teachers provided education by teaching material from the textbook. Students provided tuition from their parents. For whom are those goods and services produced? The education are provided for the students and the tuitions are produced for the teachers. Our parents and Ms. Pamela make the choices governing what, how, and for whom goods and services get produced. Both Students and teachers are acted as producer and consumer. Student received education in exchange for tuition. Teachers received salaries in exchange for time and knowledge.

Take a closer look at students and teachers, they both have self-interests. Teachers need money, so they tradeoff their time to teach students. Students want education, so they tradeoff their money to learn new knowledge. The social interest of this is that the entire society become better. People are getting jobs and people are getting smarter!!!