I was a little anxious when I first took course,
because this is my first 400 level economics class. After had taken some
classes, I still found some of the topics rather challenging to me, but very
interesting. Risk and risk preference is one of the lesson I’ve never learnt in
other classes. I think risk is a very important concept in economics, and I’m glad
that I learnt some about it in this class.
Single loop and double loop learning is also
fascinating to me, these models well domestrate how conflicts occurs within a
team unintentionally. Through this I’ve also learnt about which model is better
for learning, and what kind of manager should I look for when I look for a job
after graduation.
Another concept I’ve learnt is transfer pricing.
I’ve learnt about how demand and supply will affect market price, and transfer
pricing, which is about pricing of goods and service transferring between the divisions
of an enterprise, is a new field of pricing for me.
I think the blog posts are playing an important role
of connecting daily life to economics concept we learn in this course, for
example, we’ve wrote about conflicts, income risk, etc. All of these topics are
very practical, and have led me bring theories and concepts about organization to
everyday life. This process helps me to understand the course contents better.
The blogging usually take me about an hour, and
the excel homework could take me up to a couple of hours when it’s challenging.
I usually would read the relevant textbook chapters, and if there is a relevant
video I would watch it. I would also do some additional research on topics when
needed.
I think I would appreciate some more tutorial
video on excel homework. The excel homework can be challenging for me some
times, and I personally think the watching tutorial video is a great process of
improving self- learning skills while
helps me to understand the home content better.
