Here I am fourth week and I find myself consumed by studying. The library has become my home and coffee my main food. Earlier today I sat staring at my econ. notes and couldn't help but think, "Why did I take this class?" So, like any good student, I googled it.
Economics can be found virtually anywhere, from working, to paying for school, to the places you live, to the friends you have, and the opportunities in life. While a lot of economists seem to be losing some credibility due to the recession, the basic building blocks of the subject remain the same.
Economics is an essential topic, it helps provide the foundation for understanding how the world functions. There are also countless professions that use economics every day including: bankers, financiers, lawyers, and small business owners.
Even though fourth week isn't my favorite, at least I know that I'm studying valuable information.
http://www.blogger.com/www.temple.edu/cla/economics/about/
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Every economics class I have asked myself the same question. The first answer is that economics is required for the many majors I am looking at.
ReplyDeleteBut I think I have tolerated and maybe even enjoyed these economic theories. I feel like I have an idea that challenges every theory in Mankiw's book. Economics makes me think about businesses and transactions and how everything is linked together in a new light.
Because I plan on majoring in HDSR, psychology, or environmental science, I usually think about the world through those terms: how things affect people and the environment. Economics 101 is forcing me to see the world differently, which can be frustrating, but also refreshing. E
I agree with Cierra. I took Economics because I am considering taking it as a major. Economics is what I call a "universal subject." It doesn't matter where in the world you study, the content remains the same. Courses such as Health Studies, Physics, Biology, etc are other examples of my coinage "universal subject."
ReplyDeleteEconomics is invaluable esp. in today's society.Before taking this course, I believed that Economics would be focused only on money and businees administration. Taking the course teaches me that Economics is more than a business subject, it is a social science subject that applies theories to all aspects of society.
I personally am looking into a Chem or Psych major- and so I didn't 'have' to take Economics. When thinking what classes I should take, I found myself always going back to asking myself 'what do I NEED to learn'. No, I don't mean 'need' literally, as in what classes I can't graduate without, however what I was thinking is what class should I take that will be universally benefiting. Economics, as it states in the blog post, is found everywhere. No matter what job one has, he or she would need a basic understand of econ. So I may not go in depth into Economics, however I feel I made the right choice in taking this class, just so I"ll know what is going on around the world
ReplyDeleteCrazy how three classes can be so time consuming. Along with football and basketball free time is a luxury. However, I think it will be worth it with this college. The education we are recieving here is prestigious and will benefit us all. However, when we are not taking classes that are directly related to our major, as I am taking econ planning on being an engineering major, I feel like economics is one of the best to take. We take it thinking...well the economy is always over the news...it effects everyday life...and it cant hurt right? Then as I sit in class and see the graphs I think when am I ever going to use this? When am I ever going to think about this? But when you stop and google economics it reminds you how much a part of our every day life all of that is. Hopefully everything sticks and we can be better off for it.
ReplyDeletePersonally, as a prospective philosophy major, I feel that I should be particularly keen on making myself well-rounded. Philosophers, after all, need to be familiar with other academic fields if they hope to give advice on what these fields study. And I feel that providing good, philosophical advice is particularly important when dealing with economics, as the decisions that policymakers make on matters or economics have such far-reaching and potentially devastating effects on the lives of billions of people.
ReplyDeleteEven though I am thinking of majoring in History there is a strong connection that I have begun to notice between historical events and economic trends/ issues. In fact, just the other day in my War in Modern East Asia class we were discussing the economic factors which led to the Pacific War during World War II. Japan's lack of resources during their attempted creation of an East Asian imperialist power led it to attack colonies of Britain, France, Netherlands and the U.S. in order to continue the war effort after the imposition of economic sanctions. I can see now that understanding the economic basis for actions taken in politics and national relations can be very important when tryinng to look deeper into those situations.
ReplyDeleteI think it is very important to take some economics classes even if it is not in your major. I know some people in my family that probably should have because they are not smart with their money. When you recieve your degree, whatever type it is, you need an idea how the markets work and how to manage your money and so on. Having a background knowledge in the economic world will help you with your decisions.
ReplyDeleteI'm taking Economics because in the future I intend to make enough money for me to live on one day and I think that it would be irresponsible for me to not learn the basics of our economic system. I think that economics should be a required course for young people because it really is a class that teaches concepts that EVERYONE can use to their benefits for the rest of their lives.
ReplyDeleteAlso, now that I am taking this class I catch myself finding economic principles in TV shows and movies that I watch, is anybody else experiencing this? hahahaha
I'm looking into combining a major in Economics with a major in German. When I think about what I'm learning, especially with the supply and demand charts and such, it's frustrating. There are so many factors that influence a consumer's decision, that studying theory seems fruitless - it's not the way the world really works.
ReplyDeleteHowever, being the news junkie I am, I figure there must be something I'm not seeing, and so I'll finish the course in good faith, and we'll see how things go from there.
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Although I plan to major in chem, I feel it's helpful to learn to analyze things from the perspective of economics, since it is a universal subject which can be applied to everything in our life. This class has changed my previous thought about econ.
ReplyDelete