I have been thinking about the real advantage for an student committed to economic explanation,however,when you stay away from your class for daily life or job search,you find it difficult to show your great potential using economic analysis. It seems like life experience will tell you meaningful truth in terms of economic logic,class learning of economics only speed up the capability of understanding the complicated world.It is likely that a young undergraduate student could think of some economic phenomena as those people having rich life experience.
It means that economic understanding is based on life process,instead of imaginary world.Even if many politicians do not learn economics during their graduate-period,they are able to manage complicated economic situation through repeated trial-error process.So the real advantage for economics learners is shorten the process and reduce the probability of making a big mistake. An economic mindset is too essential for economics learners,because it will guide them to efficiently use limited resources.Actually,if you only treat economical way as the behavior style of economics students,that will lead to totally wrong direction. The deadly misunderstanding is that many laymen regard minimum budgets as economical way,the reality is that they just see one side and hide the other side.Economical way always constitutes two sides,one is maximum revenue/utility/production,the other one is minimum cost.Naturally,we should derive economical way from net profit/utility instead of raw numbers. I often think economics students are relatively risk-averse,because they have been trying all types of methods to reduce their expenditures/budgets,instead of expanding sources of revenue.They make an excuse that all that they have done is based on economic analysis.If we observe this world like this,then nothing new can be created because of conservative attitudes towards risk.The true side is on the contrary to what we have mentioned above,you should witness that the world always welcomes creation of opportunities,instead of holding them statically. What an economics student should be proud of is a kind of special ability that is the long-term cost-benefit analysis mindset affects your economic behaviors everywhere.When you plan to buy a durable good,you will subconsciously consider about what the expected life span of the good is,how to set the depreciation rate,and discounted present value of benefit and cost will directly decide your buying behaviors. It means that economists often wish to improve the efficiency to reduce wastage caused by distorted price system,they compare almost all possible projects' economic efficiency to reach a feasible conclusion.Simply put it,economists' markets are derived from saved resources,when technology progress brings more resources-saving methods of production,economists are really useless. When you think economics courses are quite popular in your country,it justifies that your country has large amounts of wastage in the process of production.E.g,your country has strict regulatory framework for a firm to start his business,the government-led regulation will cause much social cost.At this time,when economists propose to deregulate the market to nurture a good environment for firms,economic prosperity and efficiency arise.Under this context,economists are much welcomed by business sectors,so they employ economists to lobby the government for relaxation of business environment.Economists devise many a argument to persuade the government to have minimum government with maximum governance.However,the government does not have plan to compromise to business sector's request which would sacrifice government existent interests,so they also recruit a large number of professional economists to list arguments to debate with the business-employed economists.At this stage,economics students have a bright prospect because of huge demand for them. This interesting phenomenon is taking place in China,the transition from government-led economic development to market-driven economic development produces huge debate between interest groups and market groups.Economics and other auxiliary courses are offered in every university even a poly technical university.China has 40-50 university-level professional institutions for economic learning,students are pound of their identities as economics students. This stage's presence is preconditioned on present scarce resources which would be hardly exhausted to nothing,economic efficiency and quality are listed as a policy priority.However,in many less-developed countries,quantities of resources are not exploited at all,and economic activities are more concentrated on agricultural sector.Therefore,this market atmosphere is impossible to provide many opportunities for economists,because wastage is never seriously recognized in the national development. As for those economists in developed countries,their markets are offered by news media,international institutes,underdeveloped countries.Generally speaking,they play a vital role as advisers to some related government and market agencies.They have broader markets,because a consensus is spread around the academic field that every country should have similar development process from empirical and historical observations.The future situation in a developing country is quite similar to what the situation already taken place several decades ago in those developed countries,so those economists educated in developed countries are always confident to advise the underdeveloped countries to implement effective policies.Deregulation,Media independence,optimum taxation and so on are shaped in those less-developed countries which educated economists in developed countries give policy to. What is the implication?It is obvious that economics learning is related to your life experience and horizons.Actually,it is tightly connected to cognitive science.It is likely that when you never see or experience one thing,you will never really know the reality in social science.When you ask one small child what the demand and supply are,they innocently stare at you,and give an unexpected answer.When you gradually grow up,you need to have some contacts with the market,hence,you understand bargaining is a must when information is asymmetrical.When you go to school,you parents only rely on test marks to evaluate your achievement.If you are not an economics student,you may just complaint about this action;however,an economics student will give you a persuasive explanation about it that information is distributed unevenly between you and your parents,so the process of study is costly to observe for parents,they prefer to attribute to a result of study to reduce the cost of observation,enforcement,supervision. Economics courses give you good instruction of life,they help you solve your confusions in front of your life.When you use it well,it is like a strategy often good for you,because you know more about how the society functions.You should be happy to touch the subject,because economics is essentially the reflection of human psychology.Why some one wishes to make friends with you instead of others is because you have the greater potential to give him more return during the process of friendship investment.You may ask yourself whether you are sincerely willing to keep a long friendship with a person who has a certain low potential investment return.This is a long topic,temporarily leave it for future. Feeling tired,have a rest.
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AuthorI witness my living society, from birth to death.This is my whole life. Archives
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