Broken Leg!

Oh my god!Tomorrow I will go to the airport and come back to Oxford!But...yesterday there was a historic football match between Vietnam and Thailand!...And then Vietnam won when there was 3 seconds left and was a champion!Then everybody run out their home to the streets with motorbikes...And then racing like crazy!...And I was on the street too but not for racing,because to meet my frds.I was stuck in the traffic jam,and was so unlucky that I had an accident,and I tore my leg!I need to sew my leg,with more than 20 shots!....Oh...I hope I was unlucky just yesterday,the last days....I hope everything would be okay!...Hope luck to me guys!!!..Thanks!

Problem!

I haven't learnt all glossaries and things or targets that need to learn by heart I didn't learn a lot.But I understand Unit 1 Economics and Business Studies.So is it okay if I didn't learn ALL of the glossaries???
I think in Business Studies we need to learn by heart more than Economics is it right???Economics we just need to learn formulaes but in BS we have to remember more!

So I think I need to concentrate in all days left!
(MATH.....Disaster!!!!!!)

Merry Christmas!!

Everybody...Merry Christmas!!!!!
Best wishes for u all,my friends and my lovely teachers!!!!!!!!!!!!!
^_____________^

Revision!

A have learnt more syllabus not only about Economics...Business studies as well!
These days I did Math exam papers and concentrate on them!
On Christmas I will study also,because in my country Christmas is not very important!...Just for some people...!And I will come to Long's house to study Math and Economics....We will revise together!!!!..
Nearly coming back to Oxford.....Miss it a lot.....But....leaving family.....sad also..T_T

Some Break-even exercises!

Here are some exercises of Break-even topic!Enjoy it......^^

1)Easyyy one!

Selling price=4 pounds
Variable cost=2.50 pound
Fixed cost=1500 pounds
Volume=3000 units

Calculate:
a>B/E
b>Profit

Answer:
a>B/E= 1000 units
b>Profit=3000 pounds

2)Easyyy one too!

Selling price=6 pounds
Var.Cost=4.5 pounds
F.cost=30000 pounds
Volume=25000 units

Calculate:
a>B/E
b>Profit

Answer:
a>B/E=20000 units
b>Profit=7500 pounds

3)Normal!

Sales price=1.20 pounds
Var.Cost=0.45 pounds
F.cost=8500 pounds
Volume= 12000 units

Calculate:
a>B/E
b>Profit

Answer:
a>B/E=~11333 units
b>Profit=500 pounds

4)A little bit hard one:

Selling price=20 pounds
Var.Cost=15 pounds
F.cost=5000 pounds
Output=1500 units
Capacity=2000 units
We offered a new order for 700 units at a price of 17 pounds.To meet this order we will need extra machinery=1000 pounds.Should we accept?

Answer:Yes(not sure,)^^
[To solve this problem,you need to calculate an old profit and total cost,compare with a new profit and total cost,and MR.CHRIS after that how could we know SHOULD WE ACCEPT OR NOT???!!!

Eco And Busi Revision!

Today I revised Economics and Business Studies as well!

*Economics:

I have read all 10 pages very carefully and I have learnt glossaries.Here are some main glossaries that I wrote without looking at a book(just a little bit...^^):

• Economics:the study of how to allocate scarce resources in the most effective way
• Economic problem:how to allocate scarce resources among the alternative uses
• Household:group of people whose spending decisions are connected
• Micro economics:the study of how house holds and firms make decisions in market
• Macro economics:the study of issues taht affect economies as a whole
• Factor of production:the resource inputs that are available in an economy for the production of goods and services
• Entrepreneur:someone who bears the risks of the business and who organises production.
• Production:the output of goods and services
• Scarcity:not enough resources to meet unlimited wants
• Opportunity cost:the cost of the next best alternative
• Subsidy: a payment by a governing body to encourage the production of consumption of a product
• Productivity:output

*Business Studies:

I revised the "break-even" topic, and here are some formulaes:

1. Break-even=Fix cost/ unit contribution
2. Unit contribution=Selling price - variable cost
3. Profit=Total contribution-Fix cost=Total sales revenue-Total cost
4. Total contribution=Unit contribution*Quantity
5. Total sales revenue=selling price*Quantity
6. Total cost=Fix cost+Variable cost*Quantity

And this is the way to draw break-even diagram in order:

1. Calculate sales revenue
2. Calculate total variable cost
3. Calculate total cost
4. Calculate break even
5. Calculate profit
6. After the calculation start to draw the diagram

*Note*:Always remember do the calculation first then draw a diagram to make your digram more accurate

IF you want to see the video of break even chart is here!

A small question....!

Elasticity:
IF PED,PES,XED and YED = 1:What does it called?(Each situation)
And can u show me all types of Taxes and goods...with the descriptions please....
All RIGHT comments are welcome....!Thanks....

Revision

These days I have read many English books.And watch many....English language movies!!!!....Even scary movies in English....(not to understand much....so that...not to be much scared....Kekekeke....)
And that's all......ah ye ye....I ahve don many mocks and read olds mocks also in business and eco...!

Really nice blog!

I found out one new blog....I think this blog is very interesting....Specially in decorating.This blog is about R&B music,but the main thing is this is just a BLOG...but when u visit it...it's like a WEBSITE!
U can download music,you can listen to R&B easily on it,and u even can chat or send messages online on it!...Really interesting...I think this blog is quite famous and popular!
If anybody interested in this:Here it is!

Starting again....

Mr.Chris...From now on...I will start again for my revision....But I recognised that so many things mixed up together???And I don't know how to start....I decided to start from reading notes that I have written and then read Eco and Busi books.After that learn glossaries and then...when I finish it....Go to websites and do more exercises....Do u have any suggestions for me???Is it okay???Thanks...^^

Revision..ohhh....again!....!

Need more help...So hard to study here....Friends are coming, guests are coming,all people are coming...and no study!!!!.....
So finally i had time to revise more....
Today I have listened to a podcast or I don know is it a podcast or not ...in BBC news about recession and the way to solve it.I read books and comics in English and i have found out that watching movies and reading books in ENGLISH is much more interesting than the translated mode.
So that's all....for yesterday.....

Revision

Yesterday I was checking my MATH....and I have just found out.....ABSOLUTELY USELESS!!!...OMG now I'm worrying about my Math more than Business and Eco.....
Today I have revised by working our revision in the tutor2u site.I did some quizzes and read the articles.Then I read Business book and learnt by heart some glossaries,and read first 10 pages.

Revision

I nearly done the mock exam...and I read 2 of 3 articles in Mr.Chris's blog.Today I will continue reading and learning by heart syllabus.....!

Done!

I have listened to a business podcast:

SmallBizPod #77 - business innovation - every idea’s a startup

quite useful but there's one woman maybe form India....Spoke English "really clearly"
IT's here

Revision

I have listened to 2 podcast too:Oil Prices and Recession!

Revision for today.....!

I have done exercises,looked through the notes and read OCR economics book!

Our last fantastic dinner with economics students and Mr.Chris!

These are our pictures about our dinner with Mr.Chris and friends.It was a pity that there was just 5 of us: 2 Longs,Mary trouble and me,Lex Beavis.It wasn't a free dinner...but finally....it was FREE....
It was a really funny and cool night,it was full of laughs.....
A big thanks to Mr.Chris for the great dinner we had.....!

Sunday 7-12

I did production possibility curve.....revised elasticity....!

Vietnamese students are going back home....!^^....(Men in Black)...

I miss Oxford....I wanna go back to school...Maybe to study...But not studying Math...Kekekeke.....(T_T)...Have a good holiday guys...!

Japanese Management

Lex's Back!!!

Finally WIFI is fixed.OMG....How could we(EF students in Residence) do our homework....
And the most boring thing....is my "daily blog post record"....was broken....Because of that ..."FRUITing" EF's WIFI connection...RUBBISH.
Ok...So I will continue my record from today then.....!!!.....