econsangel
Sep 26, 2006
Undergraduate / Paper on an econ. concept that help u understand an issue in ur life [10]
Please help me correct my essay, I have tried to do it after the topic following:
I have got my writing essay result : C+, very bad result. I was very disappointed. I am trying to do better.
Select a concept from your discipline, and use it to answer this question: How does it help you understand an issue that drives or impacts your life?
In 250-300 words, explain the concept to a non-specialist audience, and integrate it into your issue. Your essay must be uncluttered, and demonstrate a clear understanding of the writing mechanics you have learnt in the course.
Making decisions is never easy, especially the ones that are the most important in our lives. But luckily for me, allowing myself to think in terms of "opportunity cost", one of the key concepts I have studied in my major economics, has made it possible to gain perspective and sanity over some tough decisions.
Opportunity cost, is just a way of measuring the true cost of something by looking at your next best alternative. However, its power comes in not being limited to measuring cost in terms of money. I often remind myself of my unforgettable memory when I was young and graduated from my secondary school. At that time, I found it time-wasting to study, I wanted to earn money to spend on my hobbies, to prove that I was not a little girl. However, I could not find any jobs suitable for my age. Thus, I had to come back to my studying.Up to now I have become an economic student and pursuing my full-time degree in a university. Thanks to my major, the concept of the "opportunity cost" in particular, it has helped me see clearly how not to lose a lot of valuable things in my life. Because you only have so much time and money to spend, in other words, neither is unlimited, you have to think carefully before making decisions. To do that, we ought to be taking (or to take?) not in terms of the cost of it or others, but the opportunity cost of them. Under my circumstance, I might earn much money by working but will lose much more without studying. Studying gives me not only valuable knowledge but also life experience. And after graduating, I believe I will be able to find a suitable job and face up to the life with confidence.
Career decisions, as well as all other types of decisions always have opportunity cost. I prefer the "opportunity cost" concept to any another tool ( I think it should be another tool) when making important decisions in my life.
Good bye, Have a nice day!
Please help me correct my essay, I have tried to do it after the topic following:
I have got my writing essay result : C+, very bad result. I was very disappointed. I am trying to do better.
Select a concept from your discipline, and use it to answer this question: How does it help you understand an issue that drives or impacts your life?
In 250-300 words, explain the concept to a non-specialist audience, and integrate it into your issue. Your essay must be uncluttered, and demonstrate a clear understanding of the writing mechanics you have learnt in the course.
Making decisions is never easy, especially the ones that are the most important in our lives. But luckily for me, allowing myself to think in terms of "opportunity cost", one of the key concepts I have studied in my major economics, has made it possible to gain perspective and sanity over some tough decisions.
Opportunity cost, is just a way of measuring the true cost of something by looking at your next best alternative. However, its power comes in not being limited to measuring cost in terms of money. I often remind myself of my unforgettable memory when I was young and graduated from my secondary school. At that time, I found it time-wasting to study, I wanted to earn money to spend on my hobbies, to prove that I was not a little girl. However, I could not find any jobs suitable for my age. Thus, I had to come back to my studying.Up to now I have become an economic student and pursuing my full-time degree in a university. Thanks to my major, the concept of the "opportunity cost" in particular, it has helped me see clearly how not to lose a lot of valuable things in my life. Because you only have so much time and money to spend, in other words, neither is unlimited, you have to think carefully before making decisions. To do that, we ought to be taking (or to take?) not in terms of the cost of it or others, but the opportunity cost of them. Under my circumstance, I might earn much money by working but will lose much more without studying. Studying gives me not only valuable knowledge but also life experience. And after graduating, I believe I will be able to find a suitable job and face up to the life with confidence.
Career decisions, as well as all other types of decisions always have opportunity cost. I prefer the "opportunity cost" concept to any another tool ( I think it should be another tool) when making important decisions in my life.
Good bye, Have a nice day!