Fav Class and Why .1500 characters
The class that's currently exciting me the most is economics. I'm enjoying learning about the various theories of supply and demand, and incentives. These concepts make me realize that the complexities of human behavior are products of us trying to better ourselves morally, economically or socially. Not only do I like this new perception, I find humorous relief in knowing that theoretically everybody makes rational decisions. Moreover, I'm fascinated by how economics addresses and provides potential solutions to externalities and market failures. I'm learning that manufacturing pollution exists because there's a higher economic incentive to pollute vs. taking costly steps to reduce emissions. Also factories don't have to pay the higher health expenses pollution causes in residential areas. With problems such as this, economics allows me to identify the factors causing the divide between factories production costs and social impact. Once the cause is revealed, it interests me to know it's possible to rearrange and strengthen certain incentives through laws and taxation. Though easier said than done, doing so could provide solutions to major problems we face today such as pollution. Put simply, I enjoy discovering the logical way economics analyzes and reveals the driving force behind human behavior and industry. I'm also inspired by the effect economics has and can potentially have on environmental policy and poverty issues.
Any advice/ Revisions?
The class that's currently exciting me the most is economics. I'm enjoying learning about the various theories of supply and demand, and incentives. These concepts make me realize that the complexities of human behavior are products of us trying to better ourselves morally, economically or socially. Not only do I like this new perception, I find humorous relief in knowing that theoretically everybody makes rational decisions. Moreover, I'm fascinated by how economics addresses and provides potential solutions to externalities and market failures. I'm learning that manufacturing pollution exists because there's a higher economic incentive to pollute vs. taking costly steps to reduce emissions. Also factories don't have to pay the higher health expenses pollution causes in residential areas. With problems such as this, economics allows me to identify the factors causing the divide between factories production costs and social impact. Once the cause is revealed, it interests me to know it's possible to rearrange and strengthen certain incentives through laws and taxation. Though easier said than done, doing so could provide solutions to major problems we face today such as pollution. Put simply, I enjoy discovering the logical way economics analyzes and reveals the driving force behind human behavior and industry. I'm also inspired by the effect economics has and can potentially have on environmental policy and poverty issues.
Any advice/ Revisions?