Quantitative Economics Personal Statement

There are many of us out there that constantly ask ourselves, “how exactly does the U.S. economy work?” During an inflation we might conclude that we have an Economic problem, on the other hand, if we have a huge increase of jobs; we might then conclude that as an economy we are doing a good job. There are many factors that one needs to consider in order to come to a conclusion on whether we are doing a good or bad job in the economy. I will be touching base on some of the various microeconomics tools that we can use to describe the changes in supply or demand. I will also be discussing the history behind this material and the governments involvement behind this process. We all use the laws of supply

The economy of Brazil is in the top ten largest economies along with the United States. It is the biggest in Latin America. Actually it is the seventh largest in the world. Brazil has used its newly found economic mechanism to syndicate its outcome in South America and show more of a role in the Global Businesses. The Obama Administration’s National Security Strategy recognizes Brazil as a developing center of effect, and greets the management of the country’s joint and global issues. The United States and Brazil associations mostly have been good in the recent years. But Brazil has other strengthening relations with neighboring countries and expanding ties with nontraditional partners in the South that’s developing.

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.

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

Basic economic models assume that all parties have “perfect information.” How does “informational asymmetry” undermine our market economy?

The statement, "John buys more of good X as his income increases, Ceteris paribus," means:

1. College logo t-shirts priced at $15 sell at a rate of 25 per week, but when the bookstore marks them down to $10 it finds that it can sell 50 t-shirts per week. What is the price elasticity of demand for the logo t-shirts? Is the demand elastic or inelastic?

My parents left their home in Bulgaria and took me to America when I was only a month shy of turning two. They were searching for a more stable economy, something which I hope to help bring to Bulgaria after obtaining an Economics degree.

6. If you have a private-ownership right to something, what does this mean? Does private ownership give you the right to do anything you want with the things that you own? Explain. How does private ownership influence the incentive of individuals to (a) take care of things, (b) conserve resources for the future, and (c) develop and modify things in ways that are beneficial to others? Explain.

In his cartoon, “Welcome to Economics 101, Kid”, Jeff Parker demonstrates a frustrated tone using an exaggerated symbolism and ironic background to highlight the unjustly overpriced costs of college tuition fees.

An opportunity to study at the University of Alberta is an advancement to a career in academia and an achievement to my dreams of becoming an agricultural economist. My Economics undergraduate degree at Daystar University prepared me well for this master's program as I studied the core courses which include; Micro Economics, Macro Economics, Environmental and Resource Economics, Money and Banking, Development Economics and Financial Economics. In developing my honour’s thesis, I acquired hands-on experience in tackling research questions, writing research papers and presentation of findings to panels of researchers.

Does the Department of Education (BOE) and Board of Nursing (BON) have representatives in congress to help change laws?

My background in economics has provided me with an excellent basis from which to start my advanced studies in finance. My critical thinking skills come from various micro and macro economic courses. My math and problem solving skills come from courses such as Econometrics, Statistics and Calculus. Also, I developed my computer skills through course such as computer science and learnt how to use statistics and econometrics software such as Eviews and Stata. For that matter, I think my undergraduate degree has prepared me with complete set of skills to deal with various situations and provided me with the tools needed to think critically and analytically. All these factors helped me to create a very strong foundation, capitalizing on which I intend to pursue an MSc in Finance as my postgraduate degree.

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.

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.