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This article relates to the Topic of Opportunity Cost that I have been studying because it talks about how the opportunity cost affects the economic choices that we make in our daily lives. It also talks about how although we are aware of the direct costs in life, we don't actually think about all the things that we have to give up when buying something else. We are aware of our finance, and realize the direct cost of our actions, but we don't see the unseen costs, such as the opportunity cost.

This article focuses mainly on opportunity course. It's been established that opportunity cost is the cost of doing something rather than another. In this case the author focused on a student's decision to attend college and for how long. At least everyone has been through the phase where they looked at the price it costs to go to college but few go deep into things such as life, transport etc. There are others who decide to take a year off and travel; the opportunity cost in this is the education they could've been getting so they could stay on track and the money they wasted to travel which they could have used to further their studies or life needs. The author brought up a book by Laurence Kotlikoff in which he invented 4 kids and made them choose different life patterns. I felt this was smart because students can see how the choices they make now could impact their life later on. As expected the child who stayed in school to become a doctor made a lot of money, however, student loans and all other expenses leaves them with as much money as the next middle-poor man. Then again the other child who became a plumber and skipped college makes money but has no student debt. This is not to say that they are better off but it's just to clear the stereotype that the longer you stay in school the better off your life will be; there are many factors that play into it.

The article relates to opportunity cost and how each choice holds a negative and positive trait. In the article they spoke of soft money (paper money) and the use of species (such as gold and silver). The positive effects of soft money is that it is cheap to produce and doesn't require much material. However. The issue with soft money is that since it's so inexpensive people believe that it will cause inflation to soar. Species are valued because they are hard to find and require a lot of labor to get (more money). Taking a lot of time to retrieve and to mold into coins takes up more energy. A new idea that came to mind is digital currency. Depending on how it is used it can become a great asset or a hindrance. Overall, there are many opportunity costs all holding good and bad qualities, but the greatest is the one that benefits us overall.

Sri Lanka's export economy suffers in Europe, so economists look for opportunities elsewhere. The largest economy near Sri Lanka is India, but trade with India has been traditionally blocked by protectionist policies. This article discusses the potential gains for Sri Lanka should it choose to do away with protectionist policies.

A study done in certain Asian countries such as Indonesia and New Guinea show that these country's economies are being prevented from developing by malnutrition. Malnutrition has shown to stunt children's brain development. When children's brain development is slowed it prevents them from receiving the education they need to get out of poverty. Inn these countries education is often needed to remove them from poverty. If malnutrition countries to be this high in these countries it can prevent them from having developed economies.

This article illustrates two economic terms, the business cycle and consumer confidence. The UK economy is currently going through a boom phase, suggesting inflation is rising. This may seem good now, but higher inflation causes less competitiveness for exports, which will lead to a recession phase. It's the business cycle. The article also describes how job opportunities went up, which is likely to cause consumers to consume more, because they are expected to get a raise or promotion soon. This adds to the boom even further. Knowledge of this makes it easier to make economic decisions and explaining why events take place like they do.

Ontario, Canada has just introduced a large investment to help indigenous communities develop. The program is aimed at improving education opportunities, supporting local businesses, and promoting local tourism and events. In all, this is aimed at improving the HDI of indigenous communities and of Canada as a whole.