Principles of Economies
As for the subject, Principles of Economies the topic
that I love the most is the Price Theory of Demand. This topic is about how
buyers decide when buying goods or services, and other factors that influence
their decisions. It is my favorite topic among all is because it is
interesting, quite easy to understand and I could learnt as a buyer, how do I
decide when buying something, also how does the price affects the response from
the buyers.
While, my least favorite topic is the Market Competition.
It is about the characteristics of the markets in economies which are divided
into 4 categories according to the strength of the competition in that market.
For examples, the 4 categories are monopoly, oligopoly, monopolistic
competition and perfect competition. I don’t really like it was due to that
this topic are divided into three parts and it is a very long topic. And, it
was very hard to store it in my brain instantly. If I could make this topic to
look more attractive, I would use almost the same way as how my lecturer, Mr.
Joe had done which is by giving us a cheat sheet. Also, it would be better to
have more in class exercise. However, if this topic can be shorter in some ways
and thus, it would be better.
As a final point, the topic which I find the most useful
and applicable to my everyday life and future studies is the first topic, the
introduction of Principles of Economies. Through this topic, I had learned how
important is the economies of a country or anyone that could affect us. It is
very useful in my everyday life because I had learned to think twice before
making a decisions especially when it involves the managing of scarce or
limited resources. While for my future studies, I guess this topic would be
applicable during my internship as I need to clearly know how to make important
decisions.
Lastly, I had enjoyed myself in the class and I love the
way how my lecturer had given his lectures for this subject. I would like to
thank Mr. Joe for being such a nice and attentive lecturer.
Thank you =)
Below are the photos when I am conducting the interview with the businesses for the group assignment.
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| The owner of Cookie Box and me. |
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| The supervisor of Mr. Siew and me. |
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| The Ming Xiang Tai Pastry Shop Penang, Supervisor and me. |
The is the Comparative Analysis of 2 Businesses of Similar
Industry in Different Geographical Locations :
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