Posted: February 1st, 2021

Reflect on what you learned about economics

 

 

Identify your top three takeaways from the course and how you’ll leverage them to make good decisions.

You can consider these questions as you reflect on your learning in this course:

  • What did you learn that will help you make better decisions?
  • What will you do differently at work or in your personal life as a result of being able to apply economic principles to your decision making?
  • What advice would you give to someone who is just starting to learn about the principles of economics?

Respond to classmate:

 

I felt this course was an extension of critical thinking with a spin to apply your personal decisions as if you were a business and not a person. If I were to conduct myself with rational thinking and judgment adhering to my own morals and values when making decisions this would carry over into economics. Substituting the economic factors for other personal ones is not off the mark.

There isn’t much that I would do differently… The facts are the facts and the data is the data. Thinking ahead for personal growth is something I believe everyone does already. Applying this new outlook was definitely an eye opener to conflicting viewpoints and hard decisions.

If I were to advise anyone about the principals, I would reveal that if they can find one aspect of their lives in which they account for variables to make decisions that economics isn’t going to be far off from that. If you were a time manager and scheduled your life on a calendar and times then substituting scheduling in for economics respectively and they might just be ahead of the curve.

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