A Level Economics Personal Statement

Once in my childhood, my father said to me that I have to give full of respect to whatever people I am facing in, although to the people whom I disagree with. He said, “At least you show your respect to him/her as human being”. Later I know that Voltaire happened to say, ”I disagree with your opinion, however, I will defend your rights to speak ”. His advice has been inspiring me until today, when I have been trained to use participant’s view in my PhD research. The importance of listening to the voice of the people has been illuminated me as an Economist who has been taught mostly by quantitative approaches, particularly during my bachelors and master studies.

1.1.1 Scarcity, Choice, Opportunity Costs, and Comparative Advantage – Using examples, explain how scarcity, choice, opportunity costs affect decisions that households, businesses, and governments make in the market place and explain how comparative advantage creates gains from trade.

My first realization of an economic issue occured 12 years ago when I moved from Lisbon to São Paulo, Brazil. In many aspects the differences between the two countries were striking, and I was particularly shocked when I learned that brazilian minimum wage was one fifth that of the portuguese. At the time, I questioned how two countries could have such different minimum wages and subsequently how Brazilians survived with such low income.

This quarter, I have taken two courses in my MBA program. One is Managerial Economics, and the second is, Leadership and Team Development. I believe that both the subjects are very important to any MBA student for career growth.

The dynamics of today’s constantly evolving world, drawn together by increasingly intertwined economies and global markets has always intrigued me, ever since I was a young undergraduate. What fascinated me most about economics was the effort to mathematically model this dynamic driven in part by human behavior and social tendencies. During my undergraduate study, I got an opportunity to explore various facets of global markets and got a chance to work on several academic projects to empirically model economic theories. At the same time, I received the opportunity to intern at Ernst and Young Financial Services, where I realized the vast potential of empirical asset pricing and financial modeling. I realized the power of advanced data

Economics is already a part of my life. The way we spend, save or invest money means we are deeply enrolled in economics and business. Since the very young age I have been interested in things related to business and economics. Moreover, my parents run a business so since my childhood I was enjoying helping parents with so I was impressed how all it works and had an opportunity to help them. Without knowing what even business and economics was. . Indeed from my very first encounters with Economics class I have been totally engrossed in it and I understood that Business economics is my vocation. I started reading articles related to business and economics, magazine called ‘The Economist’. Economics interest me because I am impressed that it

In your own words, summarize the article, “Gov’t moves to sell Medibank Private,” by Jim Mcllroy, April 9, 2014. In particular, what are the main messages of the article?

I was a third year undergraduate when I read Gary Becker’s Nobel lecture “The Economic Way of Looking at Life” for the first time. The paper made me realize that economics is a very powerful tool for analyzing a wide range of social phenomena. Since then I become an avid reader in economics and decided to be an academic economist.

My course revolves mostly around Business Economics and Law and Legislation, which helped me to expand my knowledge in Economics, and languages such as English, German and Russian. Languages have taught me the ability to tailor written work directed at an audience using an appropriate format and to communicate with non-Italian people over different subjects. Mathematics is also important in our school and, through these five years, I develop my analytical and logic skills in better. I feel maths will be of an advantage during my years in university and when I hopefully enter a career within the field of economics. My favourite part of Economics is Microeconomics because I particularly enjoy analysing how different choice can affect a market or the progress of an industry, or how price and demands are defined in a different type of

In the world today there are all too many people who know all too little about economics, what it is, how it is, and most importantly how it affects them. This is the main reason that courses such as this one, Economics 1500, are required or strongly encouraged in an individual’s college career. However even after taking these courses many students still fail to capture the big ideas that will be most beneficial to them in their endeavors to understand how the world’s economy works, and in turn what decisions to make based off of how things are going/ functioning in an economy. I personally believe that the top five things a student should try and retain from an economic coarse are, GPD , Aggregate demand, Comparative advantage, Trade, and the importance of institutions. These five principles can help any individual to become a more informed consumer when regarding any economic news.

I have learned a great deal from my father, he is a man who sacrificed much, worked hard, and rose to become a high ranking officer in a major Indonesian company and a member of the faculty at the University of Indonesia. His education and dedication enabled him to become successful enough to send his son to America to receive his education. My father's work at the university has been a major inspiration to me and if admitted to the University of California, I intend to study economics.

For people think, I have it easy in life. However, lesser are they aware of the dynamics about my life and family. It was 2008, and the downturn in the United States Economy had spread out to various nations resulting in a global economic crisis. The trends all over the world were that of rising unemployment, plummeting home budgets and loss of faith of investors. In India, the retail sector had also seen its repercussions. The consequence of which was my father losing his job in 2011. He worked in the retail apparel sector, with a private label firm. The after-effect of this left my family in a lull and a dire state than ever. My father attempted to open various entrepreneurial ventures in vain, using up most of his savings. My parents tried

I have gained much respect for Economics as a field of study during this course. Being a political science major, I can honestly say that there isn’t all that much science in many of the topics. Conversation in political science can be argumentative and normative without concrete reason or evidence. Economics, on the other hand, is intuitive and backed by research. More refreshingly, economics simply puts its research out for the world to see, and sure individual economists may voice their opinions about public policy, but as a field, it is based mainly on positive statements; it tells it like it is without venturing into how it should be. Economists do have a rough job in a way, they can’t simply do research by conducting regular experiments like altering the nation’s monetary supply or increasing the minimum wage to study the effects on unemployment. It is impressive that they find a way to use existing data to draw their conclusions. They really make the most out of what they are given. Additionally, it is nice that assumptions about complex economic topics are made so even students in basic principles courses can understand the concepts in simple economic models.

Mr. Carney, the former Canadian central bank governor who moved to the Bank of England in July, said in a speech last month that the outlook for British growth had “improved considerably in recent months” but that the prospects over the next three years were “solid, not stellar.” The pace of recovery is widely expected to slow at the beginning of next year.

not afraid of doing business with anyone no matter what their position is. I realized that all those people are exactly that – people, and that there was nothing I should be afraid of.