Personal Statement - Essay Example

Since I began high school, I have developed a significant interest in economic issues. For instance, I closely followed developments in regards to the “Financial Tsunami” and the Chinese economic bubble. As a member of the Economics Club, I discussed many pertinent issues related to global economics. In my spare time, I watch financial news programming and am enthusiastic about discussing world economic issues. Recently, I have conducted significant research into the European Sovereign Debt Crisis.

This situation greatly interests me as it affects us all through the increasingly interconnected globalized world. As an economics student, I appreciate the Keynesian perspective to a market crisis. The past decade’s spread of neo-liberalism resulted in both politicians and everyday citizens trusting the miraculous power of the self-regulating market. The 2008 economic tsunami demonstrated that no society can stop economic deterioration without government intervention. In addition, Mr. Bernanke has succeeded in applying Monetarist principles in rescuing the United States economy.

Hence, I believe that the combined effects of Keynesian economics and Monetarism are stronger than any single macroeconomic theory and will ultimately lead the way for future economic growth and recovery. Nevertheless, microeconomic analysis is essential for business. I had a valuable experience with business as I was born into a business family. While I was a senior in high school, I worked at my father’s office and became intimately familiar with the experience of selling products and purchasing supplies.

This working experience enforced my comprehension of the conceptual applications of economics, such as marginal and utility concepts. Besides the work experience outside school, in 2007 and 2009 I participated in the “