I have a solid interest in business and the global market, and economics sits at the core of these areas. My personal aim is to master the market, but so as to do this it will be essential for me to first comprehend economics and how the money and resources are flowing around the world. Whereas a deep and diverse topic, learning the core concepts contained in your economics program will open countless of doors and opportunities for me to develop my approach to the world of business.
Reading about finances and getting into stock trading simulators have made me figured out what are the factors that affects directly the development of an enterprise to invest wisely, and it has increased my interest in how economics change in matter of hours making an enormous impact in the different commercial activities. Driven by curiosity I became a
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I definitely believe I have the personal determination, ambition and basic understanding of economics to help me adapt promptly and successfully in this area of learning, though I have a broad range of interests, I have continuously been drawn to economics because to me it is a very exciting atmosphere with lots of challenges. However the thing that stimulates me the most about it, is the way economics can directly and indirectly have an impact in the lives of so many people.
Academically, I have excelled in many subjects such as mathematics and physics, pursuing this further I have enriched my problem solving skills and ability to use algebraic variables beyond the average through edX online courses. Additionally I won a contest on taxation theory organized by the Internal Revenue Service of Ecuador from which I learnt about applied incentives upon population, which is one of the fields where I want to lead my own research in the future and leave my footprint at
From classroom to a cocktail party, having knowledge in today’s economics is definitely an asset when it comes surviving in the world of business. Cocktail Party Economics, by Eveline Adomait, and Richard Maranta undeniably satisfies as an economic training book, helping you understand the concepts of basic economics. The book brings to light many theories and thoughts, which are explained in a certain way that help readers easily, compare and relate them to each other. During the first couple chapters of the book, the main theories presented are scarcity, value, opportunity cost, production, and absolute/comparative advantage. Believe it or not, all of these theories are relatable to Supply and Demand; the two concepts introduced in chapters six and seven.
My hobbies are watching or playing different sporting events. I enjoy mentoring the youth and working with them to develop skills that they can care with them throughout life. I love giving back to the less fortunate
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...
Economics is a science that examines how the individual side of people made a choice. Viewed with or without the use of means of exchange (money) in order to utilize scarce resources in producing a range of goods and services, and distribute it among them for consumption purposes, at present or in the future, among various individuals and community groups ( Samuelson, 1979). From the description of proficiency level, there is one thing that the main problem faced by humans in all fields of harnessing everything or scarcity. That's the main problem, was born two underlying reasons for the presence of economics as the study of human behavior. First, the limited resources for life, society, organizations and individuals. Second, the fact that the needs (needs) and desire
It is the study of resource allocation, distribution and consumption, of capital and investment, and of the management of the factors of production. (http://wikitionary.org/wiki/economics)
When we see economic terms and theories they can seem a bit overwhelming or complicated, but often they are just a scientific or mathmetical way to explain things in the world around us that most of us take for granted or chalk up to common sense.
The study of economics is important to everyone. Financial decisions affect everyone in their day-to-day routines. Economics is the study of how society manages its scarce resources (Mankiw, 2012). Macroeconomics is the study of economy wide phenomena, including inflation, unemployment, Gross Domestic Product, and economic growth (Mankiw, 2012). Macroeconomics is important because, it is how all of us relate into markets and economies. Many news articles today are centered on the economy and current events. One of these articles lends itself to many economic principles and ideas. Even though there are many important topics not covered in the article, the article titled, "You Are What You Owe" in Time, encompassed many general economic principles as well as the many macroeconomics indices illustrated in the article.
Economist believe there are four basic principles to individual decision-making, they are people face trade-offs, the cost of something is what you give up to get it, people are rational, and people respond to incentives. Costs and benefits are key factors that all economic decision makers take into account. They believe that for every decision, something must be gained and something must be lost. The...
Economics is the study of how best to allocate scarce resources throughout an entire market. Economics affects our lives on a daily basis, whether it is on a business level or a personal level.
Tragakes, E. (2012). Economics for the IB diploma (2nd ed.). Cambridge, UK: Cambridge University Press.
Economics is basically the understanding of how different economies function. Economics is the study of how to best allocate scarce resources among competing uses. Scarcity in the economy is the main problem. There are not enough resources to keep up with the demand for them. Within the discipline of economics, there are two areas of study: Micro and Macro Economics.
The economics, as an independent subject has already existed in this world for a long time. Maybe some people believe that the knowledge which is contained in economics is so far from them that it is not necessary to consider about is. Actually, economics always hides in our daily life and effects decisions what we made. Once I have hold the same opinion of economics is not really my business, but I do not think like this any more after I studied this subject. Economics no longer acts as an abstract terminology lying on the textbook far away from me, this word became meaningful and I am sure it will make some changes not only in my mind, but also in my future life.
The crucial importance and relevance of economics related disciplines to the modern world have led me to want to pursue the study of these social sciences at a higher level. My study of Economics has shown me the fundamental part it plays in our lives and I would like to approach it with an open mind - interested but not yet fully informed.
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'
I am very glad to apply for admission in the Master Degree in international business and export management offered at your University (IMC University of Applied Sciences Krems). My interest in business management arose early soon after Graduation when I was on a hunt for a job in field of sales and marketing in a multinational pharmaceutical company soon after graduation in 2007.