Unit 1 Individual Project Essay Example | Topics and Well Written Essays - 500 words

Unit 1 Individual Project - Essay Example This encompasses the specific allocation of goods for individuals and households. For an individual, it can be as simple as choosing the activity for the day. For a business organization, it includes the setting of the price level for a product or service and finding the equilibrium quantity which can maximize the profit to be generated. Macroeconomics, on the other hand, is more comprehensive as it involves the examination of the performance of the economy as a whole. Instead of simply looking at a single business organization, this means focusing on the entire industry taking into account all industry players regardless of size or bargaining power (Cybereconomics 2008). An example of the macroeconomics is the determination of the factors which causes the increase in the Gross Domestic Production of China which has showed significant growth in the recent years. Being the vice president for sales for a reputable business organization, I am responsible for the purchasing decision for the company. At other times, I also handle the recruitment and application processing for prospective employees. These tasked have allowed me to utilize microeconomics in making my decisions. The purchase of input for the company’s operation has a lot of implication for the price of the product that we manufacture and in turn, the level of profit that we generate. Employing the skills and techniques that I have learned in microeconomics, I always make sure that I am buying inputs at the lowest possible cost which includes minimizing the cost per item, cost of ordering, and cost of handling the inventory. I make use of the economic quantity model which really helped our business organization maximize profits by the elimination of unwanted cost. The macroeconomics portion concerns my task in hiring prospective applicants. When searching for the right person for the job, I look beyond the knowledge and the skill of the candidate and also look at the people working for

Personal Statement for UC Application Example | Topics and Well Written Essays - 1000 words

For UC Application - Personal Statement Example I took pride in being part of one of the top musicals staged by my school, â€Å"The Awakening†. I also became a committee member of a few concert events. Being part of a group that brings delight and entertainment to people gave me a sense of accomplishment. Eventually, my exposure in business opened new doors for me. As I grew up, I had to temporarily leave behind my extra-curricular activities to prepare for a career. After graduation, I endeavored to get jobs that are related to Marketing. It took me a while to get a job. All along, I thought it would be easy. But during the process, I realized that it was a challenge making sales, convincing people to purchase the services that the company offered. It got to a point when I had no sales at all. That’s when I vowed to improve myself. I did self studying, reading books and getting inputs from my superiors. The efforts paid off because I was able to close deals eventually. It was a good learning experience. Shortly aft er, I worked in a Marketing Department in Lico, an interior design company in Hong Kong. As a member of the marketing staff, I still got to practice my creativity by handling advertising and marketing for the company. My sales stint allowed me to be creative in dealing with customers who have discriminating tastes. It is in this light that I decided to take further studies in Economics. A degree in Economics will equip with the necessary know how in understanding, not only business management, but also in looking at the economy from a broader perspective. I want to have a macro view of the industry vis-a-vis the country and the world economy. Having this skill would allow me to plan effectively for business expansion and growth. An economics degree would help me become more analytical and critical about business facts and figures. It will likewise provide me a chance for multitude of career options that would lead to fulfilling and challenging jobs. By the time I graduate as economi cs major, I would like to be able to have a logical approach on solutions planning and problem solving. I also want to be data-savvy, knowing how to understand trends and figures and make them my references in planning for business expansion. Strategic planning and quantitative analysis are two facets of economics that I want to master. These would definitely help me assist my Father in making our business succeed. 2. Tell us about a personal quality, talent, accomplishment, contribution or experience that is important to you. What about this quality or accomplishment makes you proud, and how does it relate to the person you are? At this point, I now understand that I can approach my dreams being whole-brained, not being limited to the left or the right; not having to choose between my creative and analytical side. I am lucky to have all these skills, and one great opportunity to put these skills into practice to benefit my family. If given the chance to take up the BS Economics Deg ree in this university, I would endeavor myself to be focused and results driven, using all my experiences to maximize opportunities. My hunger for knowledge is my best tool to succeed in this course. On top of these skills, my personal traits also complement my dream to enter the university to take up a degree in Economics. I am a highly curious person, always wanting to get into the thick of