So far on our documentary, Pedro and I have our game plan set out--> The Innovation Cycle. With that we are basically going to use it as our transition between the different sections that we will be explaining in detail. So we already have had a couple interviews done with several different startup companies, which attended Silicon Wasi with us (Silicon Wasi was a conference held for different startups to meet and face each other and collaborate). We also have filmed our B-roll footage that we will use throughout our documentary. B-roll footage--> is the supplement or alternative footage used in-between film, more-or-less the generic footage used as a transition or voice over. So for this weeks focus on our documentary, I focused on trying to get interviews with interviewees whom would help on providing me with some statistics for my section of the documentary--> my section is how Innovative education and business should be fostered more by the government. That will the be the link for Pedro's part to begin, which is basically showcases the positive outlook on the results of innovation in education and in business. Through several unique start up companies. Besides just emailing, Pedro and I have gotten helpful feedback, from our fellow IA members on where to look for more information. What we will do is compare how the Innovation Cycle has already functioned well. One country in that we agreed might be good to research into his Sweden because from what we heard they have a strong economy and there recycling system is so exceptional that they even important trash into their country. However, we still need to research more on this. So as you can see, by looking at the calendar, tomorrow is our interview at Wayra Peru. FInd out more about Wayra when you see my blog entry tomorrow!
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Planet of The Kids
Instead of going to school today, Pedro and I went to go film for our documentary. As last thursday was an interview day (with several different startup companies), this thursday was going to be more of a generic footage day. Where we would go around the city of Lima and film different areas to utilize as voice over footage.
Fun Fact about today --> A new filming technique that we tried to apply today was:
Keeping Score: "Is my economy bigger than your economy?" What might this mean as the title to a chapter? Let me give you a hint... Gross Domestic Product, more known as GDP -- a number used to to represent the total value of all goods and services produced in an economy. In Mr. Wheelan's knowledgable book it explains perfectly why GDP is important (also why GDP isn't perfect) and the different kinds of GDP there are. First of all the different kinds of GDP are: real GDP (constant dollars), nominal GDP (current dollars) , and GDP per capita. What does it mean if a country's economy has real (constant)GDP? It means that the GDP for a country has been adjusted to account for inflation. In more simplified terms it means that it is a country's total output of goods and services, adjusted to a certain price change. While nominal GDP means that is not adjusted to account for inflation. Basically meaning, the current price of the output of dollars in a given year. English please...? Ok well let me give you an example ッ Suppose a country, lets say Germany, manufactured 5 BMW's in 1 year at a price of 1,000 euros each; therefore, the total being 5,000 euros in 1 year. In the second year it produced the same amount of (5) BMW's, however the price of the BMW's increased to 1,500 euros each or 7,500 euros in total of that year. Assuming that the 1st year is the base year to calculate real GDP. In year 1, the nominal GDP was 5,000 euros and so was the real GDP(5,000euros). Here's the catch --> In year 2, the nominal GDP was 7,500 euros; while the real GDP is only 5,000 euros. Why? Well because in year 1, constant dollars, 5,000 euros worth of BMW's was produced. This is because by extinguishing the effect of price changes, it allows economists to analyze a countries outputs and services. For more clarification about real GDP and nominal GDP watch this exceptional video to help you distinguish the two economics terms: In order to watch the following film analysis about the famous film--Back To The Future-- I need to tell you about GDP per capita. Essentially it is a nations GDP divided by its population. A mind-boggling example used in the book is~ and I quote~ "Again, this adjustment is necessary to prevent widly misleading conclusions. India has a GDP of $3.3 trillion while Israel has a GDP of $201 billion. Which is the richer country? Israel by far. India has more than a billion people while Israel has only 7 million; GDP per capita in Israel is $28,300 compared to only $2,900 in India." (pg 194) As you can see, if an economy grows less in comparison to the population; then the GDP per capita will fall because, "the country is producing more goods and services, but not enough more to keep up with a population that is growing faster." (pg 194) Now lets take a look at these economics terms being amplified in the movie Back To The Future |
BloggerMy name is Stefan Stangl and I am originally from San Francisco, California. Currently, I am senior at Colegio Franklin Delano Roosvelt in Lima, Peru. My passions are sports and art. Personal: @Stefan6 School: @fdrinnovationacademy ♫Tweet me ♫
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June 2015
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