What Is Economics Personal Statement

When I first looked into finding this book I didn’t think much of it as I just thought it was just another type of text book or some sort. I was thinking that this would be some kind of auto biography or something I would not be interested in. In fact after reading this book I was stunned by the different views and aspects of economics that was explain and I would had never thought about them in that sort of way. This book covers a lot about we discussed in class. This book explains different examples of economic concepts that may be used in our daily lives. They

All societies for one reason or another face economic problem. The economic problem exists because the needs and wants of people are essentially endless; however the resources available to satisfy

Economics can be applied in many situations where you wouldn’t normally expect it found. In “Freakonomics”, by Steven D. Levitt and Stephen J. Dubner, the authors attempt to reveal what is happening behind the curtain of modern day life by comparing what you would think are two completely different people or subjects, and they relate these seemingly uncommon topics to more sophisticated economic concepts. The authors initially claimed that there was no theme, but after reading the book I have realized that there are many misunderstandings in the standard wisdom that we know due to the fact that people usually do not look into the motives of a given situation to uncover the truth.

The goal of this course is to get you thinking about personal finance issues at a point in your life when you still have time to benefit from the power of time in generating wealth to accomplish your other life goals. The financial decisions you make early in life with determine in great extent the quality of life you will enjoy later, especially given the turbulent and uncertain economic conditions. Money isn’t everything, but a lack of it will impact almost every aspect of your life and those who surround you.

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.

One of the issues that economists fail to discuss, then, is the fact that market-oriented economics is merely an artifact of our own social structure and that the grounding concepts of economics are quite different. Indeed, the grounding concepts of economics deal with the fact that people need to produce food, shelter, and clothing for their survival and that "economics" is born within the formation of any arrangement to solve the survival problem. The essential factors are production and distribution by and within the community. Economics, in other words, is part of the culture of any surviving community.

I decided to take AP Economics my junior year of high school not only because I was told the courses would aid me in AP United States History and Government, but also because when the economics teacher came and talked to my class, she oozed passion about the subject matter she was talking about. I never thought someone could like the dismal science so much. From that point on, I was hooked.

I want to participate in the EcoAmbassador program because it is the combination of my two passions, environmental science and community service. With my intended double major in environmental science and business this internship will provide me the opportunity to further expand my knowledge in the field. It will provide me with the much needed field experience that is necessary to every successful environmental scientist. Also, I want the opportunity apply all the knowledge I’ve learned from high school geology, chemistry, biology, and my senior capstone project. The program will also give me another opportunity to give back to the community by improving the environment, functionally and aesthetically. In Virginia Beach, I was part of Project

The information in this book will challenge college students to think more seriously about the really important implications of economics—knowledge that will

When dealing with resources, it’s crucial to an economy that those resources are allocated to avoid any scarcities and rapid depletion. That why laws and regulations are implanted in our economic system to monitor the allocation of resources. In the United States, we run a market system, and the market system provides both pros and cons. One positive thing a market system provides it the freedom of business and freedom of capitalism. Any person can earn as much as they want and grow their business as large as they wish. Also, the market system benefits the production of resources, and allows for sufficient goods to circulate the economy. Producers are in competition with one another constantly, aiding the development and innovation of production

“Economics is the branch of social science that studies the production, distribution, and consumption of

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

Many people think that economics is about money. Well, to some extent this is true. Economics has a lot to do with money: with how much money people are paid; how much they spend: what it costs to buy various items; how much money firms earn; how much money there is in total in the economy. But despite the large number of areas in which our lives are concerned with money, economics is more than just the study of money.

Coming from the general business background, I find economics the most influential and powerful social science in society's daily life. Good knowledge of economics leads to better decision-making and choices, understanding how people and countries interact with each other and can significantly improve the quality of life for individuals and in the larger scale to countries.

What further intrigued my interest in the subject itself were the questions related to those every economic aspect, such as, "Why have I not ever come across such principles? Where are these principles applicable? What would happen if the graph dropped further down?” These questions pushed me to look for answers, and luckily I found answers with the help of Internet, but it was not just the ending; it was just the beginning as these questions opened doors to new ones, hence the reason as to why I am strongly motivated in pursuing the field of Management Sciences and/or Accounting and Finance.