Sunday, September 7, 2014

Andre LaRenzie, Introduction, Question #6

As a student, my first opinion of an Economics class was boring, useless, and just another course I had to pass. I assumed that none of this would pertain to my life in any way, shape, or form. From reading the introduction to "Naked Economics", I realized I couldn't be further from the truth. The author, Charles Wheelan, informed us in the introduction of significant economic based problems such as the crisis of affirmative action when hiring minorities, all the way to the monetary cost of women staying multiple nights in the hospital after delivering a child. The thing that I found most memorable or useful about these events was that one day, these things will apply to me. When applying for a job, I may be placed under the policy of affirmative action if I am in competition of a man or women of another race. This would make me upset, and would socially make me less accepting of minorities, which is already a huge problem in America. As for the two night stay after birth, I may be looking at the opportunity cost of it. Would I prefer my wife to be comfortable in the hospital after birth, or would I want to save money that would come with the extra nights stay? Perhaps this question may fulfilled in Economics class, which I once viewed as useless, but now my eyes have opened to the truth. Economics applies to everyday life, believe it or not. When you hop in your car it is basic economics. Not necessarily the monetary price, but the cost of society life and pollution. The introduction truly did convince me that economics are important, and it is a class that shouldn't be taken lightly.

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