Choice
I have always had a personal interest in business and economic issues ever since I was a teen. Therefore, it occurred to me that through economics (as a field of study); I could be able to understand many contemporary and real-life economic issues. From a broad perspective, I chose economics because of the urge to have a better overview of our general business and economic issues (Blaug, 2007, p. 29). I chose economics because of the need to answer the basic questions that revolve around economics as part of our lives.
This is because we need to know the goods and services that are supposed to be produced, how they will be produced, and for whom they are being produced (Blaug, 2007, p. 31). Economics is an important field of study because it has been growing as time goes by and that is why I felt that I should be part of this revolution. I have always wished to become a professional economist and that is why I chose economics as my field of study. I developed this interest after watching different economic debates on TV when I was a teen. These debates made me develop a positive interest in economics and business issues.
My environment and where I grew up has also been instrumental in influencing my decision to choose economics as my preferred field of study. Although we were not poor, our neighboring estates had some instances of poverty. Because of this abject poverty, I saw the need to understand how the economy works. I was curious to know why poverty still exists in the modern industrialized world. Also, my parents always taught me to be industrious as far as the creation of wealth is concerned. This field aligns with what I would like to do in the future. I have always asked myself if there is a better approach that we can use to reduce poverty and ensure that everybody is living a decent life (Eliot, 1986, p. 14).
I also chose economics as my field of study because it will enable me to learn better ways of maximizing utility about my budget constraints. This is because we will always try to maximize utility in whatever situation that we find ourselves in. It also occurred to me that through economics, I will be able to understand why we have rich and poor people in our society (Bayles, 1981, p. 17). This is a reality that we have to face as we are not equal in a normal society.
Economics is a broad field with diverse and distinct aspects that need to be understood for our general sustainability (Blaug, 2007, p. 32). This is because it is part of our daily lives as it shapes the way we live together as a society. Such complex aspects need to be understood and instilled in our minds as a way of improving our general wellbeing. Through economics, I will be able to understand why we have inequalities in our society. No other field of study other than economics could make me understand the whole aspect of inequality in our society and that is why I saw it convenient.
Wholesomely, I chose economics as my field of study to understand various market failures in our society. This is because there are various market failures with underlying reasons behind them (Blaug, 2007, p. 24). In this case, I wanted to know why we have market failures in our society/economy, and if there is a better way then this can be corrected. I chose economics because I find it relevant to our society. I have always loved to learn about our economy, banking, trade, and various aspects of the business. This has made me like economics because it applies to many real-life issues and situations in our lives.
Professional goals
My professional goal as an economist is to apply economic aspects to real-life issues and situations. In this case, I should be in a position to relate economic theory with practical issues in our economy. This is because economic theory aspects affect us in our daily lives (Blaug, 2007, p. 24). Through this, I will be able to understand how they work and the reason behind such aspects.
Economics as a field of study should also enable me to demonstrate and portray a professional demeanor in my daily undertakings. In this case, my professional goal is to ensure that I carry out myself in a more professional manner. Every profession has its own rules and principles that are supposed to be adhered to (Corfield, 1995, p. 18). That is why I will always ensure that I carry out myself within the expected professional code of conduct and ethics.
I also have a professional goal of being able to speak and write effectively as far as economics is concerned. In this case, I will be able to go about my activities with confidence. In a broad perspective, everybody should be comfortable in his profession. Another professional goal is to explain the basic principles and concepts of economics. This is because various complex economic aspects need to be understood as far as the profession is concerned (Blaug, 2007, p. 36).
Also, I will be meeting diverse and distinct problems that need a proper understanding of economic aspects. I also have a professional goal to become a critical thinker. This is far as various economic problems are concerned. Because of the ever-changing business trends and environment, one should be a critical thinker for success (Bayles, 1981, p. 28). Also, my goal is to poses integrative problem-solving skills. This is because economic problems keep on changing as time goes by and one should have good problem-solving skills to succeed.
My main aim of taking economics as a profession was to solve various economic problems in our society. In this case, my goal is to ensure that I have the necessary problem-solving skills that will effectively deal with any emanating problems and issues. I have a goal to ensure that I demonstrate an appreciation of the power of economic reasoning. This is because there is some power behind economic reasoning that needs to be understood by everybody as far as economic issues are concerned (Blaug, 2007, p. 36).
My professional goal is to analyze various social issues and problems. Such social issues and problems might relate to a specific group or individuals and should be given a professional approach. This will be enhanced through the explanatory power of various trade-offs and incentives (Eliot, 1986, p. 18). From a broad perspective, I feel that I should be able to tackle different challenges that come about as far as economics is concerned. I also have a professional goal to identify different significant factors that involve uncertainties. This might be brought about by incomplete information and various competing interests in society.
Suitability
Economics is a good field of study because it has different interesting aspects. It will give me a good opportunity to advance my career as an economist. It is the best field for me because I will be able to understand how economies make products and ensure that they are distributed to other members of the society (Blaug, 2007, p. 41). Through economics, I will have a better overview of different aspects of production, distribution, and exchange.
I feel that economics is a good field because I will be able to apply various economic concepts to real-life situations and issues. This is because most of these aspects have an impact on our daily lives and activities. Because economics is a wide field, I will have a good opportunity to work in various capacities. This can be in forecasting, planning, advisory capacity, and the making of different policies that have a direct and indirect impact on people’s lives (Blaug, 2007, p. 36).
Various organizations employ economists in a wide range of duties and responsibilities. These organizations can be unions, think tank groups, finance and insurance companies, corporations, and industrial firms. I also think that economics is a good choice for me because it will enable me to have a good theoretical insight on various economic aspects and issues that affect our daily lives in society.
From a broad perspective, economics is a good field for me because it will help me to understand various aspects of poverty. I have always been curious to know why we have high levels of poverty in our society and this field will give me a good opportunity to understand these aspects (Corfield, 1995, p. 16). Economics is an interesting and good field because of various business interests that have developed as time goes by. These interests have been brought about by economic competition between different countries.
It is the best choice for me because it is relevant in our daily lives. As much as I might be doing it for professional gains, it has various aspects that apply to our daily lives. Because economics has a role to play in our lives, I will be able to have a good understanding of distinct and diverse issues (Blaug, 2007, p. 44). For instance, we all strive to maximize utility on various issues and through economics, we can always settle on the best option. This is the best field for me because I will be in a better position to respond to various societal problems that might seek immediate intervention and solutions.
Every society has its economic problems that need to be understood and addressed. I have always wanted to get a good understanding and overview of why we have inequalities in our society (Eliot, 1986, p. 28). Therefore, economics will give me a good overview of the distribution of resources. This will enable me to understand why we have extremely rich and extremely poor people and what can be done to reduce the gap between these two groups.
Classes and lectures
I have gained a good knowledge of economics as a professional field after passing through various classes and lectures. First of all gained knowledge in economics from business classes. These classes enabled me to have a good understanding of various economic aspects that need to be differentiated from normal business aspects and issues. This is because economics is almost related to business and can be easily confused if not well understood (Blaug, 2007, p. 46).
Also, I have passed sociology lectures that enabled me to get a good overview of our society. Economics is directly related to sociology and needs to be understood as it affects every individual in the society (Blaug, 2007, p. 17). After understanding that there are various aspects of our society, I was able to gain knowledge in economics. This is as far as wealth distribution is concerned in our daily lives and undertakings.
As far as the whole aspect of economics is concerned, I also attended introductory classes in economics. These introductory classes enabled me to understand various aspects of economics as a subject and field of study. It should be known that people have not been able to understand the various dynamics of economics. These introductory classes enabled me to understand why we need economic theory in our daily lives. In this aspect, I was able to understand different and diverse building blocks of economics.
Professional classes enabled me to understand economics as a professional field. This is because various issues need to be clearly understood before one can settle on a specific profession (Corfield, 1995, p. 19). Therefore, professional and career classes enabled me to re-evaluate myself as far as my professional pursuits are concerned. In a broad perspective, economics borrows heavily from various disciplines that need to be understood to have a good insight on economic aspects.
Ability and experience
Everybody has his ability and capabilities that will enable him to be comfortable in a given profession. As far as this field is concerned, I can give issues and aspects of a positive and well laid out overview. This is because economics needs proper attention and focus for one to succeed in the profession. I am a critical thinker and this will enable me to have a good insight into various economic dynamics. Critical thinking is very important as it enables one to interpret various aspects that might otherwise appear complex.
I also can multitask and this is necessary for a successful career as an economist (Blaug, 2007, p. 17). Economics is a diverse field and might demand high multitasking skills to solve various problems. This is because some of these problems might need various interpretations of success. Also, I have problem-solving skills that are needed in different economic scenarios that might be somehow complex. Because of the ever-changing business and economic environment, there are new issues that might arise now and then.
Because of this, I can get along with others and this will enable me to be up to date with various emerging issues. I can communicate well with others. This is as far as writing and listening to others is concerned. Therefore, I will be able to communicate my opinion without any misunderstanding as far as the profession is concerned.
My experience in economics as a field has taught me that various distinct and diverse issues need to be understood for sustainability in the profession. Therefore, one should be a critical thinker to understand these issues without any problem. In this case, proper attention should be given to all economic aspects and disciplines as each one of them has a role to play in the field (Blaug, 2007, p. 17). This field keeps on changing as time goes by because of technology and globalization. As a result of this, there have been new and emerging trends as far as the field is concerned.
In my statement, one needs to be up to date with new issues that relate to the field of economics. This is because globalization has brought about a new approach to the whole aspect of economics. In this case, all economists should be ready to adjust to these new and emerging realities in the profession. The profession needs a lot of flexibility and adaptability (Blaug, 2007, p. 6). In this case, one should have the ability to manage and deal with multiple priorities. This enables an individual to set priorities right and adapt to different changing conditions in the field.
Examples of professional activities
I have been attending various training workshops that will help me to shape my profession as an economist. This is because such workshops will help me to be up to date with new and emerging issues. I will be able to keep pace with various economic aspects that relate to globalization. Initially, I used to listen to interviews with various successful economists. This enabled me to know the challenges that one has to face as an economist (Blaug, 2007, p. 6).
In the process, I was prepared to face any challenge or problem that might come about as far as the profession is concerned. Reading journals and newspapers has enabled me to be up-to-date with what is going on in the field of economics. This will also enable me to know the way forward as far as the profession is concerned. My family, especially my father, has been challenging me on real-life economic aspects like price changes. This has forced me to continue being flexible in coming up with the right answers and solutions to real-life economic issues (Blaug, 2007, p. 9).
My friend has been encouraging me to attend various economic debates as time goes by. We have attended five economic debates that have enabled me to understand new and distinct opinions. This has broadly shaped my profession as I have been able to understand the basis of different arguments in economics (Blaug, 2007, p. 15). Such debates have built my confidence to argue well as far as my opinion in economics is concerned.
Our professional body has been organizing forums and discussions where we can be able to give our opinions as far as contemporary economic issues are concerned. These forums have been occasionally organized whenever there is an economic problem that needs to be attended to. Also, we have always carried out diffident research activities to find solutions to diverse problems and issues (Blaug, 2007, p. 21). Economics is a wide field and therefore needs a lot of research to set records straight. My family members have been supporting me financially to undertake different research activities as time goes by.
This will enable me to understand new and existing aspects and issues that have not been exploited as far as economics is concerned. In the future, I will enroll in professional courses to comply with the set professional code of conduct and ethics. Such professional activities will enable me to achieve my professional goals as an economist (Corfield, 1995, p. 11).
Reference List
Bayles, M, D. (1981). Professional Ethics. California: Wadsworth.
Blaug, M. (2007). The Social Sciences Economics: Growth and development. Chicago: University of Chicago Press.
Corfield, P, J. (1995). Power and the Professions in Britain: 1700–1850. London: Routledge.
Eliot F. (1986). Professional Powers: A Study of the Institutionalization of Formal Knowledge. Chicago: University of Chicago Press.