Economics in My Life

Topics: Economics, Opportunity cost, Price Pages: 3 (1321 words) Published: July 14, 2010
Economics in My Life
When I was first given this assignment I was extremely perplexed at how I would even begin to finish it. I had no idea how economics related to my life in anyway. I hadn’t thought about it critically and I struggling terribly. Thanks to some much needed help from a fellow classmate, he allowed me to get an idea of things from his own essay. After reading not one, but two other essays, I was so surprised at how oblivious I had been. I never realized that just about everything that goes on in my daily life is, in fact, economics. I never realized that from the things I buy to the money I earn from working is all economics. The things I miss out of while working or going to school is a complete opportunity cost. Or even that the way I purchased goods was complete and total economics. After basically discovering a whole new life, I came to a conclusion that without economics the life that we live would not be possible. Everyone, whether they’re as oblivious as I was or they are aware of it, deal with piece ceilings, opportunity costs, taxes of course, goods and services etc. There’s absolutely no way of avoiding it. It’s no secret that our economy isn’t doing the greatest. Majority of people have seen some inflation here and there and they have their ways of dealing with it. It’s no fun to have to deal with it when you’re actually starting to make some good money and on top of it, start your college life. When prices of textbooks at the ECC bookstore began to rise I had no choice but to look for another source for books. I simply could not afford it, and at the same time there was plenty of other necessities I could be spending that money on. Websites such as Ebay and Cheapbooks were the perfect source to buying my books and they were a huge difference in price as to ECC. When certain prices on these sites weren’t cheap enough for me I looked for more. Then the price of that certain book got cheaper and cheaper. It dawned on me that the more I...
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