How Business Is An Expansion Or Recession By Their Look...

When I was young, my parents started their business supplying steel to construction firms. They often talked about their business when we had dinner. Since their business is closely related to the overall macroeconomic situation, I got a sense about business cycle at an early age. I could judge whether it is an expansion or recession by their looks and attitudes at dinner. Also, I got a feeling about how the business could function in the environment of competition before I entered high school. This childhood experience stimulated my interests in economics. Because of the hope to get more professional, in-depth knowledge about the current economic situation and government’s economic policy, I decided to major in economics in college to further my study. When getting into Renmin University of China, I was realigned to the major of Labor and Social Security. Since it is hard to change my major to economics, I applied to transfer to University of Pittsburgh to fulfill my dream of getting more professional knowledge about economics. It turns out that this experience not only prepared me in economic knowledge, but improve my ability to analyze problems qualitatively and quantitatively. Studying economics is a process of cultivating my logical thinking and the skills to construct mathematical models simulating the real world. In the course of Macroeconomics, several models about economic growth were introduced. At first, I was confused by large amounts of economic variables inShow MoreRelatedGreat Italian Cuicine Without Wait5551 Words   |  23 PagesJAMES L. HESKETT RICHARD LUECKE Porcini’s Pronto: â€Å"Great Italian cuisine without the wait!† In January 2011 Tom Alessio, marketing vice president at Porcini’s, Inc., of Boston, was pondering issues raised by a potential expansion of his company’s restaurant business. 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