January 15, 2024
My name is Kaden Johnson, and I am a second-year Economics student with a minor in Resource Management at Michigan State University. This is how I introduce myself when meeting others, and I’m always met with the question “Why did you choose economics?”
I had never really thought about the answer to this question until my older brother asked me how I could benefit from studying economics.
First, I decided to study economics to understand how the decisions people make—individually or as a corporation—effect resource availability and influence the economy. Through the study of economics, concepts such as inflation, resource allocation, and incentives can be explained and viewed as a negative or positive outcome based on what consumers demand and purchase.
My career goal is to become a business analyst, reviewing different processes and creating new strategies for businesses to implement to increase profitability and efficiency. My college classes have enabled me to really understand the complications of a business and how it affects the way consumers live.
Another reason why I chose to study economics is due to the financial aspect involved. With the knowledge gained from my classes, I am able to adjust my personal financial decisions and benefit as a consumer.
Economics is a major that cultivates useful skills I can utilize in my personal life, such as time-management, leadership, problem solving, and critical thinking.
Lastly, economics is heavily tied with politics, which means it’s crucial to stay up to date with the news and major events. I do not typically keep with the news often, but, as an active stock trader, I must keep up with news updates that may affect which companies I invest in.
Overall, I chose to study economics for the knowledge and skills that come with it—like an entrepreneurial mindset—and the benefit of understanding the political and social impact on the economy.
