1. The Purpose of Assignment
The purpose of this assignment is to allow students to demonstrate the knowledge and skills they have acquired throughout the course. There are numerous of objectives given in order for the students to gain a better concept of the information presented by Dr. Sharma. With the assistance of Dr. Sharma, the students are able to learn about economics in depth and retain information. Within the Reginald F. Lewis College of Business there are AOL (Assurance of Learning) goals that are addressed in this course. These goals consist of effective decision making, proficient use in problem solving, comprehension of the global economy, and collaboration skills. By taking this course students will be able to achieve the goal of making effective business decision by integrating their abilities and knowledge gained from previous lessons. This assignment also allows the students to enhance their writing abilities. Prior to taking this course I simply thought economics was solely in relation to money. I have learned that it is much more to economics. Economics is about the choices that people make due to alternatives. Taking COBU-210 Financial Economics I have gained knowledge on the subject of economics, acquired the ability to understand, interpret, and use macroeconomic concepts effectively.
2. Introduction
COBU 210-Finanical Economics emphasizes the U.S economy and the problems it faces. In addition, students will gain a better understanding of the dynamics of a global economy. COBU 210-Financial Economics will permit students to learn effective communication and collaboration skills. Students will not only understand economics but as well as interpreting and using macroeconomic concepts. These course objecti...
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...d F. Lewis College of Business, as well as my summer internship with Dominion. I can also use this knowledge and skills gained when starting my own business. I must know how to effectively set prices for my daycare. Prior to this course I knew economics was in relationship to money and the economy, but not by the choices people make. I am now proficient in using different strategies in order to solve business problems, along with a better concept of economics. This course has exposed me to a different outlook on the economy. I am able to take the objectives and focus on the information to comprehend better. With an objective I am able to get key takeaways and use this to my advantage for future test and quizzes. Overall, this was a beneficial class and assignment that has taught me an abundance amount of information and skills that I was continue to use and develop.
While other children watched their favorite cartoon or played their favorite video game, reading business articles and watching the fluctuations seen in the stock market enthralled me. Renowned leaders in the business world have always been of interest to me, specifically Warren Buffet. My favorite quote by Buffet is “It’s better to hang out with people better than you. Pick out associates whose behavior is better than you and you’ll drift in that direction.” By attending CMU, I would personify this quote. Growing up, my parents have instilled into me, many essential values, such as working hard and “being the best me I could be.” I have always expected a lot from myself, but high expectations from my parents and close friends, have increased my work ethic and lifted my goals and aspirations even higher. For that reason, I hope to challenge myself through the prestigious Dietrich College of Humanities and Social Science’s economics curriculum. The undergraduate economics program would prepare me for a vast array of careers. Jobs in policy, law, and business are all possible, or if one desires to go to some sort of post graduate school, that is also possible. By having such a top-notch education, I would surely be closer to achieving my goal of receiving my MBA from Tepper. In making all this possible, a wide range of classes must be made available. Classes that are available in just about any economics curriculum, like Intermediate Economics, are also available here, but classes like Behavioral Economics and Global Electronic Markets are what makes CMU unique. Another attractive aspect of CMU is the jointly administered economics degree by Dietrich and Tepper. I feel this will make for a solid foundation in the field of econo...
i. The economy is said to be ‘booming’ when demands for certain products and services rise. When demand rises, the prices will also increase. Increase in price can boost up the company’s profit. This enables companies to hire more workers thus increasing the numbers of employments. The increase in company’s profit also allows employers to raise the employees’ wages. When companies have more workers, they would be able to produce more products. Overtime, these outputs will then be sold to the people with jobs at a higher price because of the scarce amount of resources available.
MacEwan points out there are three areas which should be addressed if we want to get a handle on our financial crisis. High school seniors shoul...
Making improvements on our financial literacy results in a wave of impacts on our economy and the financial health in our society because of responisble behiavior with our finances. These modifications to our behavior are neccesary because it let's us address primary cultural problems, for example over-credits on your purchases, mortgages possibly resulting in debt, dealing with expectations on inflation and also planning on your retirement.
Brigham, E. F., & Ehrhardt, M. C. (2014). Financial management (14th ed.). Mason, OH: South-Western Cengage Learning.
It is the role of every government to safeguard its people in all matters including controlling the economy. Every economy faces different challenges including the business cycles that may emanate from the global market. In this paper we try to examine measures taken by the UK’s coalition government in trying to ensure that the economy benefits every citizen and reduces the overall burden to it. We consider the recent comprehensive review on spending.
Tragakes, E. (2012). Economics for the IB diploma (2nd ed.). Cambridge, UK: Cambridge University Press.
I found several helpful strategies throughout this course but the ones I found to be most beneficial were the ones on setting goals and managing financial resources. By identifying my specific goals and then divi...
The second lesson concentrates on the importance of financial literacy. There is one rule to follow so as to understand financial literacy – “Know the difference between an asset and a liability, and buy more assets.” In order to do this, you need to be able to understand and comprehend numbers instead of jus...
Among all the programs available, I firmly believe that the Master in Finance program at Princeton University will be the ideal preparation for my career because of its strong emphasis on quantitative techniques with practical business problem solving. The core courses offered by the program will help me build concrete foundation in financial theories and computational methods; the elective courses, such as Forecasting and Time Series Analysis, will further enhance my modeling techniques for financial forecasting in a broader application. Besides excellent teaching fellows at Princeton University, the close personal attention from academic and career advisors will be invaluable to my professional growth. Furthermore, the small cla...
Finance is a field that had always fascinated me right from my undergraduate college days. What make me interested in this particular field of study are the art of finance and the complexity of investment market which would allow me to employ my personal skills, such as analytical and communication skills, along with my personal characteristics such as dedication and compassion for what I do. As one of the most important sector in the world, I believe it would provide me with a broad range of career options.
In today's world, economics associated disciplines are of fundamental significance and application and this has encouraged me to pursue a degree in Economics. Economics has an important relevance in all of our lives. As consumers we try to make the best of our limited incomes. As workers we take our place in the job market. As citizens of a country our lives are affected by the decisions of our government: decisions over taxes, decisions over spending on health and education, decisions on interest rates, decisions that affect unemployment, inflation and growth. As dwellers on the planet Earth we are affected by the economic decisions of each other: the air we breathe, the water we drink and the environment we leave for future generations are all affected by the economic decisions taken by the human race. It is these stimulating issues that excite me about economics. I enjoy studying Economics enormously and believe my passionate interest in economics is continually strengthened by my regular reading of 'The Economist'
Personal Finance is a class I’ve wanted to take for a while now. My major is Finance not because I want a career in finance but more to learn about finance for my own personal situation. This class taught me so much! During this class I was able to evaluate my financial situation and set financial goals for myself. The four topics that helped me the most were emergency savings, buying a car, purchasing a home, retirement, and estate planning. After completing this class I have a better understanding of these topics and how to achieve my financial goals.
Studying Banking and Finance at University of St.Gallen will help me further increase my proficiency of corporate finance and financial markets. The in-depth research of specific topics, as well as a comprehensive curriculum, is a possibility for me to focus on my topic of interest ...
Business finance has taught me how to manage risk and return as well as making capital investment decisions throughout the semester. Professor Schott has gone through each chapter carefully well making sure that each student grasps each concept before moving on. He has used many tools such as LearnSmart, lectures and homework assignments to make sure that us students have a good idea of the concept before giving us exams.