Microeconomics | Sand1016

Reflective journal: Microeconomics

I have been learning Economics since 2008, at first I was not interested in it at all, this is because of I hate looking at the complicated graphs. However, my mind has changed once I enrolled in Taylor’s Business School. This is the 10th week I have been studying here, first semester of my degree has passed half and coming to the end. I have started to end my process of adaptation of this new chapter of life and I realized that I have to begin to catch up with both tutorials and lectures which had taught so far. On the first day of lecture, I thought I will be passing the first semester easily with flying colours result as I have the basic knowledge towards this module. Nevertheless, the syllabus of microeconomics I am taking for my programme now is slightly different with what I had learned in A-level before. In addition, university is certainly opposed to pre-University as we do not have the lecturers approaching us all the time. Assignments are strange to me, which I have not experienced before. I never knew how to start with my first assignment. I felt stressful when dealing with different requests from different modules, and I was once tried to give up on taking double major. Fortunately, the lecturer and tutor are willing to consult us through emails and also by face to face if we requested so. Moreover, I have a bunch of course mates whom are patient enough to instruct me whenever I have problems with the lectures and assignments. Through this module, I have gained a wide range of knowledge and also interest towards microeconomics concepts. Microeconomics concepts are useful as I am able to understand the jargons used by economic specialists on the newspaper or TV which I used to have no any idea about it last time. I started with a habit of watching financial and economic news and articles now and I felt excited and tried to understand the globe’s economic situation. Microeconomics concepts can be applied in every business for survival purpose and also generating revenue by making decisions by an appropriate way. Critical understanding of microeconomics concept is able to strengthen my economic observation and analyzing skill which is important to a business student. After taking this module, I am able to analyze the recent microeconomics issues by using microeconomics concepts and apply related microeconomics concepts on the economic issues. In conclusion, everything I learn from this module would help me to have a depth foundation for the coming semester module, Macroeconomics. I am glad that I get to learn microeconomics and perhaps I can fully utilize and synthesize the microeconomics theories on my career in the future.