Why I Want to Study Economics

Since moving to the United States, a land of opportunity, I followed the immigrant tradition of working hard to pursue my passion/ambition to study and get my degree. I started attending community college a year after I came to the United states. I spent three years at Northern Virginia Community College and transferred to the university of Virginia to earn a B.A degree. I have always kept a full-time job while attending community college to cover my living expenses and help my parents back home Throughout my journey of achieving a higher degree, I learned how to work hard and how to overcome challenges in my own personal and academic life. Now I am very confident in achieving my goals.

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

I realized I had a calling for business after taking classes such as Intro to Business, Marketing, and Accounting, but it was only last year that I found my true calling in AP Economics. The class’s mix of history, mathematics, and psychology fascinated me and I was inspired to take AP Psychology and AP BC Calculus to better prepare for a future in the study. I soon started reading the Economist, became enthralled by Game Theory, and spent days researching current Economic situations around the world to better understand the application and effects of different policies. Eventually, I went even further beyond the scope of the class by reading the Wealth of Nations.

As an avid problem solver, I had often been encouraged to take up Mathematics as a degree. However, I find myself engulfed in an increasingly uncertain economic landscape, where even the most intuitive economists cannot prevent suboptimal outcomes. In Mathematics I enjoy the challenge of finding the right answer, but the challenge of finding the right answer where one might not even exist has drawn me towards economics.

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.

Throughout high school, I have studied a variety of economic concepts and taken part in activities such as Business Club and Economics Club to understand the effects of business on society and enable progress in society by giving job opportunities to those in need and solving its pressing issues.

As my transcripts reveal, I have taken substantial courses in both statistics and mathematics. Three years' painstaking study equipped me with a solid mathematical foundation and a deeper understanding of Statistics. I vividly recall the excitement of exchanging ideas with my peers and the achievement of solving questions independently. Moreover, sharing my passion, I helped some of my classmates for the preparation of final exams. I taught them the methods of regression analysis, the connection between stochastic processes and time series, and wide application of mathematical statistics, etc. Through teaching them, my devotion to Statistics became even deeper. In the final evaluation, I received scores above 90 in those statistical lessons. More importantly, my understanding was largely consolidated and

In the book, Naked Economics: Undressing the Dismal Science, Charles Wheelan is able to explain the complex science of economics in a way that makes it easy to understand and fun to read. Charles Wheelan connects current economic situations to past ones, like how recessions occur and how they can be ended or prevented. He also talks about how the Fed closely watches interest rates and inflation, and the relationship between inflation and money supply. Even though these topics are very important Charles Wheelan discusses many different interesting topics and that is why this book is an excellent book to help you understand this difficult topic.

James Gwartney’s book, Common Sense Economics, is designed for those who are taking beginning steps to understand the basics of economics. It also provides actual concrete changes that could be made in the economy. This novel gives insight to the bigger picture that involves political rules and policies that go along with that. The context of the book aims to explain why nations prosper depending on people’s understanding of necessary economic arrangements. There are ten elements of economics, seven sources of economic progress, the role of the government, and twelve key elements of practical personal finance. James Gwartney even acknowledges what he wants students to get out of this text which is that:

The economic discourse community can be loosely identified as a set of shared values and knowledge in the field of economics. Different from other writings, economic discourse community usually include some technical economic terms and visual information, i.e. diagrams, tables and charts, etc. Each writing piece has its intended audience, and economists’ writing is no exception. Economists’ writing is usually targeted at economic majors or practitioners in the field of economics. Economic discourse community helps its intended readers to pick up information efficiently and effectively.

The topic of the 2008 financial crisis and its economic implications has been debated extensively in the media. This subject has triggered in me an intellectual curiosity about how such a crisis could spill into the World’s overall economy so massively to the point of creating one of the sharper global recessions since the 1929 Great Depression. The little research I have conducted on this topic was a turning point for me as I found myself appreciating economics in ways that I never imagined before. A main appealing feature that I discovered about this discipline is its logical approach to the analysis of optimizing human behavior and societal wellbeing. My acquired passion to Economics was due to my realization that a commanding intellectual capacity in this discipline is so crucial to comprehending the essence of prosperity of societies. Furthermore, I started reading economic articles and books, which made me love economics even more, including “The wealth of Nations, by Adam Smith”. For this reason, I have decided to pursue a degree in Economics and become a successful professional economist.

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.

A smarty-pants old story says that if you want a "learned economist," all you have to do is get a parrot and train the bird to squawk "supply and demand" in response to every question.

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.