Description
Every course you take is an investment in the “Business of You.” Take a moment to reflect on what you’ve learned over the last 10 weeks and answer the following:
How will you apply what you have learned in this course in your professional and personal life?
What challenges did you have in this course, and how did you grow from them?
Second Paragraph reply to peer’s response below:
Hello classmates,
This class has been very informative. I enjoyed not only the class but all my classmates. What I have learned will be beneficial in both my professional and personal life. Professionally I will be able to apply the principles to strategic decision-making. Consider opportunity costs and evaluate the risk when formulating long-term business plans. Negotiate salary increases that keep with the pace of inflation. Evaluate the allocation of financial and human resources with my agency.
On a personal level I will be able allocate resources based on priorities and evaluate the opportunity costs of spending decisions. I now can make informed choices about consumption. Optimize my personal spending for maximum utility. Evaluate the opportunity cost of different career paths, assess demand for skills in the job market, and make decisions aligned with my long-term career goals. In my professional and personal life, it involves making decisions that maximize utility, optimize resource allocation, and consider my long-term consequences of choices. I think it’s about being mindful of trade-offs, understanding incentives, and using economic reasoning to achieve desires.
I understand more about microeconomics than macroeconomics, which has been the most challenging for me. There is a lot to learn about the impact of inflation, unemployment, economic growth, and the national income. The rate at which the general level of prices for goods and services is rising, which leads to a decrease in purchasing power. Learning unemployment rates provided me insight into labor market conditions. Factors that contribute to economic growth are technological progress and productivity improvements. Being able to analyze the trade balance helps to understand the country’s economic relationships with other nations. I have had some challenges in this class, but I have enjoyed and tried to embrace the challenges.
Marilyn
