Test Post

-
This is probably the most genuinely fun component of a 400 level Econ course I've ever had the joy of participating in.

Comments

Post a Comment

Popular posts from this blog

Principal-Agent

-
The triangular principal-agent model is an organizational relationship in which an agent has to act in accordance to the interests of two different principals. My mom works as a retail manager, and her job centers around this. Her two principals are the customer and the company she is employed by. For the customer, she must find a product that they are interested in purchasing. However, finding a “good deal” for the customer hurts the company, and thus is detrimental to maximizing her own profits (through commission) and her other principal, the company. This is especially true because commission is directly linked to selling products for their full retail value, with commission on discounted products also being disproportionally less valuable because less profit is made off these products. The department store she works at seeks to maximize profit by selling products that have low cost and high retail price. In a department store, the main products that satisfy these criteria are
Read more

Punishment

-
The relationship between performance and punishments is fragile. Too little punishment can often leave workers lax and inefficient, but too much punishment can make a worker apathetic. I personally believe that moderation in punishment is key, but most of the people I’ve met in positions of power wield their authority with an iron fist. When I think of excessive punishment, one individual always pops into my mind. It’s interesting because my initial impression of this individual was actually quite positive. It was only after interacting with him consistently in a professional setting that I grew to dislike his behavior. I met this individual K when he first decided to interview me with regards to an open position he had available in his team in a smaller startup. Upon first meeting him, I was impressed by both his scholastic achievements but also his overall demeanor. He talked a lot about how an internship under him was really about enriching myself and how he thought that I woul
Read more

Income Risk

-
This prompt definitely instilled a bit of panic within me, as it forces me to dwell on things I tend to try not to think about. I would say that many of my current decisions are more focused on the here and now rather than being cautious for the future. I would also like to add that many of my decisions are heavily influenced by my parents- what they expect from me, what they have planned for me, etc. Since entering college, however, their influence on me has dwindled a bit (at my insistence).  I’m currently double majoring in Political Science and Economics, with the hopes of attending law school and ultimately being a corporate lawyer. My major has caused quite a bit of controversy amongst my parents, as my dad was hoping I’d major in Business. I took a couple of classes freshman year that were in the College of Business- Business Calculus, for example. After the first semester I was convinced that I did not want to be in Business, as the courses filled me with dread and I found
Read more