Personal Statement on Economics

Coming from a Mexican immigrant family I have learned to recognize since a very young age that because of the status that my parents are placed in they cannot pursue a better future like the one I want. I have been given the opportunity to challenge myself with obtaining a higher education than just high school itself. My parents have demonstrated to me through their hard work that I have to value this opportunity unless I want to end up with low paying job. My life long dedication comes from seeing my parents make sacrifices in order for my education to continue.

Imagine that you have decided to open a small ice cream stand on campus called "Ice-Campusades." You are very excited because you love ice cream (delicious!) and this is a fun way for you to apply your business and economics skills! Here is the first month's scenario--you order the same number (and the same variety) of ice creams each day from the ice cream suppliers, and your ice creams are always marked at $1.50 each. However, you notice that there are days when ice creams remain unsold but other days when there are not enough ice creams for the number of customers.

My mother worked four jobs at once to make financial ends meet, while always stressing the importance of education and financial independence to my brother and myself. My grandmother only achieved a second grade education due to the financial constraints on her family at a young age, but still in the end managed to make certain that of her children and grandchildren had what was needed to flourish and become successful, educated members of the community. The tenacity and history of these two women I still carry with me today. Their struggles have inspired to me to only want more from life, but also serve as a positive role model for the younger members of my community. I observed from other family members how an education can open a multitude of doors and opportunities. I want to make the biggest and most significant on my community and on my family as possible, and the only foreseeable path is to achieve a college education to gain the necessary skills, knowledge and connections needed to flourish and implement positive

Using the data and your own economic knowledge, assess the case for financing universities mainly through charging fees to their students.

My parents are Hmong refugees that immigrated to the United States after the Vietnam War in the 1970s in search of a better life. In their eyes, America is the land of the free and where dreams can become reality. In Laos, my parents lived an agrarian lifestyle with very little education. Despite their lack of education, they realized that education held the key to success. Throughout my life, my parents emphasized the importance of education and did their best to guide my siblings and me. This was not an easy task for my parents because of the cultural adjustment that they experienced, but they managed to instill in me invaluable character qualities such as patience, perseverance, hard work, sacrifice and courage. I am the third youngest out of twelve children, and I will be the first to receive a Graduates degree.

For as long as I remember, my mother always talks about the importance of education. Her passion for education passed down to me.My parents leaving the comfort of their country for The American dream inspires me every day to achieve my dreams.

Education has always been highly valued by my family but opportunities for academic achievement were not always available to every member of my immediate family. My mother was the first one in her family to go to college and get advanced degrees. My father did not pursue anything further than high school. I keep these circumstances in mind as I further my learning and strive for a better education through hard work. In doing so, I can help pave paths for future generations of students in my family. Opportunities at NCSSM and other outside sources will push me even more to gain as much knowledge as possible; ultimately leading to a higher educational career. Additionally, I have completed a majority of my education with the aid of my mother

1. Law enforcement agencies seek for lawbreakers to create problems in which they are fined for crimes they have committed. They want this to happen in order to create fines for these criminals in order for the agencies to make a certain amount of revenue from the fines that the lawbreakers pay as a consequence of their actions. Some laws that law enforcement agencies set up in order to create this type of revenue off of lawbreakers include speeding tickets. The action of speeding can cause more good than harm because of the amount of revenue that speeding tickets can produce, compared to the amount of speeding related automobile accidents that people who

Growing up in a family of nine, my father’s childhood was rough. Money was always scarce and all his family was one another. That was until his dad died in a fatal car accident. My father, being the oldest, started working to provide money for the family. There were weeks when he would exert himself for 80 hours just to make ends-meet. Despite my father’s harsh workload, he pushed himself to excel in school. He managed to maintain his straight ‘A’ record, but college was an expense that would put him into crushing debt. My dad needed somebody who believed in him, somebody who saw him as a strong-willed, rising star that would stop at nothing to prevent him from success. Hariri saw himself in my father. He knew that the only thing holding him back from becoming successful was his financial status. Hariri ended up funding my father a full ride scholarship to the University of Massachusetts, where he completed his four year degree in Engineering. After graduating and gaining work experience, my father was able to land his dream career at Johnson Controls. Rafic Hariri’s generosity towards my dad is priceless. I'll always be grateful for how Rafic Hariri has impacted my father’s life for the

In this way, the Fed manages price inflation in the economy. So bonds affect the U.S. economy by determining interest rates. This affects the amount of liquidity. This determines how easy or difficult it is to buy things on credit, take out loans for cars, houses or education, and expand businesses. In other words, bonds affect everything in the economy. Treasury bonds impact the economy by providing extra spending money for the government and consumers. This is because Treasury bonds are essentially a loan to the government that is usually purchased by domestic consumers. However, for a variety of reasons, foreign governments have been purchasing a larger percentage of Treasury bonds, in effect providing the U.S. government with a loan. This allows the government to spend more, which stimulates the economy. Treasury bonds also help the consumer. When there is a great demand for bonds, it lowers the interest rate.

1) According to the Law of Demand, the demand curve for a good will A) shift leftward when the price of the good increases. B) shift rightward when the price of the good increases. C) slope downward. D) slope upward. Answer: C 2) An increase in the price of pork will lead to A) a movement up along the demand curve. B) a movement down along the demand curve. C) a rightward shift of the demand curve. D) a leftward shift of the demand curve. Answer: A 3) An increase in consumer incomes will lead to A) a rightward shift of the demand curve for plasma TVs. B) a movement upward along the demand curve for plasma TVs. C) a rightward shift of the supply curve for plasma TVs. D) no change of the demand curve for plasma TVs. Answer:

This research topic is significant to the current property market in Singapore and its sudden increased demand for houses despite the economic downturn, exploring deeper as to whether the government policies were the real influential causes to this boom in property demand. It has relevance to the economic concepts of demand and supply, elasticity, inflation and monopolistic competition. This topic is worthy of investigation because it is a hot media topic in Singapore, and is widely debated in the country because it’s the most expensive household asset.[2]

When I was young, my parents started their business supplying steel to construction firms. They often talked about their business when we had dinner. Since their business is closely related to the overall macroeconomic situation, I got a sense about business cycle at an early age. I could judge whether it is an expansion or recession by their looks and attitudes at dinner. Also, I got a feeling about how the business could function in the environment of competition before I entered high school. This childhood experience stimulated my interests in economics. Because of the hope to get more professional, in-depth knowledge about the current economic situation and government’s economic policy, I decided to major in economics in college to further my study. When getting into Renmin University of China, I was realigned to the major of Labor and Social Security. Since it is hard to change my major to economics, I applied to transfer to University of Pittsburgh to fulfill my dream of getting more professional knowledge about economics. It turns out that this experience not only prepared me in economic knowledge, but improve my ability to analyze problems qualitatively and quantitatively.

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.

Without the support of my father and the drastic change in my life, I understood that the only way to improve my quality of life was to study and find the passion to which I was going to dedicate the rest of my life. After careful thought, I decided to move to the United States. Leaving my family, I came to this country in search of knowledge, contacts and “greater opportunities”. During these years, I have been confronted with many obstacles, but I have been able to resolve them thanks in part to my dedication. When it comes to achieving my goals, I find it in myself to push myself until that goal it met. I consider that there is no lack of opportunities for someone that believes in their capabilities and is aware that nothing comes without sacrifice, meaning that hard work and dedication are required in order to achieve goals.