Topic 1: The Big Questions.

If I think about PAS as an economy, and everyone at PAS as both a producer and consumer, the goods or services they produce are educations. This is because that the main products that a school produces or given is education, people come to school to learn. The people who produce the goods or services are the teachers in the school. They provide knowledge for students and educate them by teaching. How are the product produce? The teachers get their knowledge when they were in school or life experience and pass down the knowledge to students in PAS. The products, which is education is mainly produce for students. Parents send their kids to our school to let them get educated. The person who make the choices governing what, how, and for whom goods and services get produced is the head of our school which is Ms. Pamela, she controls everything and make every decisions.

One way to the choices that made at PAS about what, how, and for whom reflect different people’s self-interest is that the teachers who are producing the education to the students are in PAS is because they want money for themselves. This self-interest can also promote social interest because when teachers get money, they can buy more products. When the company sells more products because of the teachers they get more money and the whole economic can run better with more money. Same thing with students, students in PAS are because they want to go in to good college and get a better job which is self-interest. This can make our world or countries to have more human capital because students are well educated. When we have more human capital, it means that we can produce more products and get more benefits for the company which can make a country richer. This is another self-interest that reflects social interest.