Email Service Notes (Nick)

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Economics

1.Trades between two countries will benefit both the two countries although compromising some parties’ benefits within the countries. The overall benefits outweigh losses.

2.The flow of labor from rural areas to cities will not boost costs if there are still plenty of labor left in rural areas. The flow of labor helps with the city economy. But when there is not rebundant labor left in rural areas, and the flow continues, the labor cost in cities is somehow raised to attract continuous labor flow from rural areas into the cities.

3.You can use time-series analysis to estimate future performance of some phenomenon simulating it with a math function and its trend.

4.Probability calculated with a scientific approach can make life better.

5.Advanced Mathematics is really difficult to acquire and demonstrate but easy to apply in real world.

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Economics

1.Trades between the two countries will benefit both of the two countries, although it may compromise ing some parties’ benefits / welfare within the countries. The overall benefits outweigh the losses.

2.The flow of labor from rural areas to cities will not boost costs if there are still plenty of laborers left in rural areas. The flow of labor helps with the city’s / urban economy, but when there is not abundant labor left in rural areas, and the flow continues, the labor cost in cities is somehow raised to attract a continuous labor flow from rural areas into the cities.

3.You can use time-series analysis to estimate future performance development of some phenomenon by simulating it with a mathematical function and extrapolating its trend.

4.Probability calculated with a scientific approach can make life better.

5.Advanced Mathematics is really difficult to acquire / learn / master and demonstrate but easy to apply in the real world.