Personal Statement: Why I Want To Study In Economics

In order to fully understand what economics is, t. For example, economics is about the money that we make and what we choose to do with it s, and it’s not an economist’s job to tell people what stocks and bonds they should be investing in. “ The Economist deal with politics and current events and are not specifically economic-related, despite the title of the publication. But there is a subfield of economics known as political economy”

My interest in taking Advanced Placement U.S. Government/Macroeconomics stems from my segmented historical learning experience thus far in my Brophy career. I have delved into the developmental watersheds of societies in the ancient world, Europe, and the United States. In doing so, however, I have not yet focused my attention on a most immediate piece of the puzzle–the very processes and principles of modern-day American capitalism. And as a senior, I would like to accept the challenge of Brophy's pinnacle in historical study. AP U.S. Gov. & Econ. would not only mold and solidify my expectations for a future of collegiate education, but it would also provide a comfortably-blended field of mathematics and historical knowledge.

During the following summer, in 2015, I participated in the Bucksmore’s OASP Program at Oxford in order to confirm my initial thought. There, I took Economics and International Business Management as majors. The courses and the teachers were fascinating. I was delighted to discover new concepts and ideas and to participate actively in the debates within our group. At the end of the program I received straight A’s and appreciative comments from all my

“Economics is not an exact science. It's a combination of an art and elements of science. And that's almost the first and last lesson to be learned about economics: that in my judgment, we are not converging toward exactitude, but we're improving our data bases and our ways of reasoning about them” (Paul,1). Despite Paul Samuelson’s accomplishments, his life growing up was not as ideal as a child would like. Paul was born in Gary, Indiana on May 15, 1915 to parents Frank and Ella Samuelson. Frank Samuelson was a pharmacist, who had financial difficulties after WWI. Thus, the family was forced to move to Chicago, Illinois. Enrolling at the early age of 16 to the University of Chicago, on his first day of college he claimed he was “Born as an

Dilorenzo, an economic historian, is often questioned about his ethics and credibility to write such a critical book. There are different branches within the historical field of study. The economy plays into society and government today, as it plays a major role in our history. The economy is a substantial part

DiLorenzo, an economic historian, is often questioned about his ethics and credibility to write such a critical book. There are different branches within the historical field of study. The economy plays into society and government today, as it plays a major role in our history. The economy is a substantial part of the human societal existence, and therefore is studied in depth as any other aspect of history would be. Some argue that an economist should not write a book that focuses on the critique of an important historical figure. However, the economy is an aspect of history, therefore an economic historian is well equipped and qualified to write a book of this nature.

In the book, Naked Economics: Undressing the Dismal Science talks about the basics of economics and how an individual or business can make the most of their overall happiness. Wheelan does the justice of taking professional economist ideas and language to the level of where beginner and/or individuals that are looking for an easier way to understand economics. Wheelan is has had a lot of experience with economics, by graduating and becoming a professor at Dartmouth College, as well as, the author and founder of the Centrist Political Party. He does a good job on breaking down a few of the implantations that economics has for an easy to explain. This

Personally, economics has never been my calling, the arts and crafts would be more fitting. After persuasion from my parents and siblings, I decided I would give it a shot. To my surprise, Naked Economics (2002), by Charles Wheelan, was an extremely interesting read which completely changed my understanding of what economics is. Wheelan made it easy for me to learn and stay entertained. At times, I even caught myself giggling. His book taught me that economics isn't about money and stocks, but much more.

Carnegie Mellon’s schools and programs are a natural fit for the way I have always approached learning. When I read about the joint economics program in the The Dietrich College of Humanities and Social Sciences and the Temper School of Business, I became enthralled by the prospect of college life at Carnegie Mellon. In this program, I can combine my career interests in financial modelling with a deep exploration of economics and other social sciences, allowing for cross-disciplinary learning.

To enter into the world of business it is best to earn a two-year associate’s degree in business management. Earning this can offer you opportunities. You would start from ground level and progress in the company buy furthering your education and obtaining a bachelor’s degree. Most companies who are hiring are looking for people who have at least a four year bachelor’s degree, which makes this the best choice. For top-level spots, you will most definitely want to seek a Master’s degree. Employers looking for people for senior level positions are looking for those with better degrees. Typically, this extra education requires an extra year or two of college beyond the bachelor’s degree. Obtaining a master’s degree may become an option offered to you by your employer to get to that top spot in your existing company you work for.

When I was first given this assignment I was extremely perplexed at how I would even begin to finish it. I had no idea how economics related to my life in anyway. I hadn’t thought about it critically and I struggling terribly. Thanks to some much needed help from a fellow classmate, he allowed me to get an idea of things from his own essay. After reading not one, but two other essays, I was so surprised at how oblivious I had been. I never realized that just about everything that goes on in my daily life is, in fact, economics. I never realized that from the things I buy to the money I earn from working is all economics. The things I miss out of while working or going to school is a complete opportunity cost. Or even

I want to study economics and build a solid knowledge in the field to be able to see the causes of things more clearly, understand and find out the ways to make good economic decisions, and build a career through which I can make good contribution to the field by using the acquired academic skills correctly.

In addition, I had the opportunity of case studies. Which gave me a well-rounded perspective on particular cases in International Relations. For instance, at Turkish Foreign Policy class, we analyzed Cyprus Issue with all aspects, actors, approaches and events. By learning international security theories, I was able to realize that, every conflict and situation can be systematically and sophistically analyzed by IR theories. Without studying security theories, international disputes cannot be analyzed and understood properly. Throughout my studies as an undergraduate student, the importance of economic effects on International Relations became obvious to me. Current market liberal economic system and multi-national companies affect policy making processes of the states. Economic crisis affects nearly every country on the globe because of economic interdependence between countries. Thus, in order to understand and gain more sophisticated perspective about economic effects on IR, I attended classes as, International Economics, History of International Economic Relations and History of Economic

Learning about the events that lead to the modern global political system and global market defiantly strengthened my belief that the global trade has significant benefits, taught me that economic incentives and potential loss can prevent wars, and money runs the world when it comes to being politically dominant. In the medieval ages the kings were dominant and had power over little except the economy. “The economy was not thought of as a distinct sphere separated from politics but instead as a tool of statecraft which the state could manipulate to serve its own ends.” (Erik Ringmar). Times have changed and medieval kings do not rule all the land but the concept remains the same, countries use their economic standing as a way to make deals, prevent political issues, and push forward their political agenda. This is not always successful especially when it came to the Cold War because the US and the USSR were both economically built

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.