Graduate / "Mathematics inherent in Economics" - Personal Statement- For Economics Admission [6]

Here's my Personal Statement for application to Economics in Graduate School
Please, give me some suggestions on how this PS can be improved for better chance of admission, thanks in advance!

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I am captivated by economics, as it could depict social issues precisely by mathematical tools. Alpha Chiang's Fundamental Methods for Mathematical Economics was my first exposure to mathematical economics, and the beauty of quantitative methods in this book thrilled me when I was a sophomore. Since that time I started to dream of developing myself to be a successful researcher proficient in various analytical skills. Therefore I have been studying some economic problems and solving them with quantitative approaches.

Original dream triggers me to make a sound plan for my career in economics. As an undergraduate I concentrated on getting a solid background in mathematics and statistics. Thus I have taken and am taking courses in economics, mathematics, and applied computing software, even though many of them are not required in completing my degree. Meanwhile, as a member of Economics Association in Dept. of Economics, studying Ramsey Model in the Lecture of Macroeconomics and discussing related papers with other fellow students, I began to view economics with mathematical thoughts. At the end of my sophomore year, I took the first step to the academic world of Economics: I wrote a paper with a set of differential equations, incorporating Ramsey Model, to describe the dynamic relationship between price fluctuations and the production of bio-fuel.

Quantitative study of economics was a magnet attracting me to go further. In my junior year, I used GARCH type model to test China securities market efficiency. After my researches on the literature, I realized that some complicated but preliminary models could not exactly interpret the market in China to some extend. As a result, adjustments were made to accommodate the structure of revenue and the effective time period in variance so that the China securities markets behavior can be adequately accounted for and explained. After a year, revised by a coauthor doctor, the paper has been submitted for consideration for publication in an academic core journal in China.

Initiative plus a strong background in mathematics and statistics enable me to perform well in many courses. Once in the Public Finance, by using Data Envelopment Analysis Model, my course paper was distinct from others in the comparison of Financial Budgets between U.S. and China. Moreover, in the International Settlement, my group was the only group which came up with mathematical methods to price the cost of supervisory systems in transfer pricing, because of my contribution in calculating Bayesian posterior probability and depicting decision tree graph.

Apart from my research experience, I also devoted equal effort to other activities as I believe they will help me become a well-rounded individual. In particular, I serve as a leader of Mathematical Economics Study Group now. I organize regular discussion weekly and lead the discussions on Equilibrium Analysis, Linear Models and Matrix Algebra in the Alpha Chiang's Fundamental Methods for Mathematical Economics. This experience benefits me a great deal, since the group discussions guide me to read more and think over how to clarify my ideas.

All of those activities described above have reinforced my interest in economics. At the same time, I am firmly convinced that I desire to pursue graduate studies in order to have a comprehensive and deep command of the economics science.

After searching information on graduate programs in economics, I find that your program fits me well. First, I admire the excellent scholars specializing in XXXX, which is my major research interest. Especially, I am interested in "XXXX" by Dr. XXX and "XXXX" by Dr. XXXX, whose areas of research have great appeal to me. Moreover, attending seminars in the XXXX Center will offer me opportunities to be acquainted with current economic affairs and cutting edge researches, which could be instrumental for me to perform well in original research. I believe that comprehensive training at XXXX University and my interests in Economics and will build a solid base for my career and further studies in Economics. I would greatly appreciate your kind considerations of my application for admission into your program. I promise you that I will work hardest to make my presence as an asset to the university.

(From here, I write some reasons why I am qualified for this program in XXX Univ. rather than others, and my career plan.)
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