Why is currency changing every day? How does the
price of a house change every month?
I've had many questions from simple marketing and tax laws of government's economic policy to insurance and investment. I
find many economic activities around me interesting: Coupons fast food restaurants give out, election debates between Barack Obama and John McCain about new tax rules and
solutions for a failing economy, my dad's insurance money from his cancer, and my parents fund investments. After learning economics in school, I developed my knowledge in the area and I was pleased to have my questions answered.
The coupons or rebate any store releases
are supposed to attract more
customers to maximize the store's
profits. The arguments of economics in politics are the representations of conflicts between adamant ideologies. The moneys insurance
companies give out are calculated with actuarial science to maximize the company's profit while managing the risk involved to the
insurance companies. My parent's investment on foreign funds supply capital to foreign companies so that they
can develop and maintain their
businesses and my parents can benefit from the company's increasing revenue.
Since I accumulated some knowledge in economics, I began to habitually notice economic applications in the real world. I gathered my knowledge of economics from discussions in classes,
issues in newspapers, and in my daily life. The excitement of knowing parts of economics that I had
not previously known made me read the economics section before the sports section when reading the newspaper.
These interests in economics led me to work for a financial company last summer. While working there, I had chance to talk to a
department head manager. I asked, using my modicum knowledge of economics, what economical government policy works best, comparing Reaganomics and great society programs. The manager replied smiling, "There is no such perfect economic policy; policy is modified to bring best impact at a given situation." I was shocked by his answer. I have always thought economic policy was mere political preference, and there were not much complicated applications adapted to the area of economics. But I found out the area of economics had no limits. Since that day, I have determined to major in economics and become a practical and broad-minded economist who can think innovatively to overcome the challenges of the unpredictable economical situation.
Cornell's undergraduate liberal arts program is
the perfect program for me. I can utilize the broad range of economic courses Cornell offers, and
involve myself in various extracurricular activities such as Cornell's economic society and its forums. I would also utilize Cornell's vibrant research environment to educate myself as an innovative economist. Also, I would greatly benefit from
the diverse student body at Cornell by communicating with students
from different
backgrounds and learning
of the unique
world each student brings. Last of all, I want to be challenged through Cornell's renowned liberal arts
programto develop
a successful career and unique character.
Good luck!!
:)
Kevin, EssayForum.com