Country Research

In this week we search about the Country Economy. Every student have to search about one country and they should find Rats if : inflation, Unemployment, GDP, Blanca of Payment Current Account balance, Size of Working Population, Average life Expectancy and Literacy.

I chose the Economy in the UAE which is the successful country and has an open economy with a high per capita income. The best thing in the UAE which I think and successful is the UAE is Free Trade Zone, offering 100 % foreign ownership and zero taxes.

In the class we compare lots of country and my UAE was good comparing with other countries and it shows on the table.

week 2 ( group work)

We start working in group and my group was thani, Aysha and me. We wrote about history of banks started with thousand years BC. Firstly, the idea of banks began in Babylon and in the Greece and Rome banks made loans and accepted deposits and they also changed money. After that the German family called the Fuggers from Augsburg became very important bankers and banks began in Britian and developed in England Banks paid interest to people who deposited money in order to attract their savings. Also Banks the use of cheques for drawing money

week 1 vedio

Firstly, I would like to speak about money and what does mean, people also ask were does money come?

In the past, money are real value and some items have been used as commodity money such as naturally scarce precious metals, shells, barley beads ets…..

They used it for exchange between them. Also objects of gold or silver present many of moneys essential properties and that they start make cons easy in use. And what I understood from the video that money is any god could which is widely accepted for purpose of exchange and in the repayments of debts. In the past business was simple like, you have some things I want and I have some thing you want so we can change it. But the problem is you have some thing I want and you want some thing I do not have but the other person want my thing and you want his thing so we can do it by changing with this person and after that I will change with. All in all, in the past business were very easy but it were increasing year after year to new business.  

My note

Mr, Mark, sorry about my mistake because I wrote all my note in my note book and I did not write anything in blogger website. I will submit all my note in the blogger website.

Week 1 ( test )

In this week i would like to speak about the vedio which we have to see it. It is about Economic course