For the last few days I have been playing around with the set up and tweaking of my site. I am still learning how to add new pages, posts, how to put them in proper hierarchy, etc. This is the reason why I have not been posting.
I would like to have the site to be functional and visually appealing to the readers and to me. But I just realized that I don’t really have time to learn web design, leave alone programming, to make it a perfect site that I envisioned. For delivering information it is good enough. That’s why I will just start actually posting information about my MBA experience, instead of trying to enhance the site. I’d rather stay current on my business school progress, so that my readers could learn something valuable. As for the design… may be later.
As a matter of fact, there are some noteworthy developments in my studies in just this past week.
Microeconomics
This is one of the two classes I have been taking in the first half-term. The other one is Financial Accounting I. Last Sunday I submitted the problem set that we had been given to work on at home. We were given assignment on September 29th with 12 days to work on it. We were allowed to work in groups.
One of my classmates took initiative to collect contact information and preferred locations, dates and times for group meetings. Those who responded, roughly less than a half of the students in the class, were matched with each other.
I ended up in a group with three other students. We had just one meeting and after that collaborated via email. The meeting itself was about three hours on Monday night. Needless to say that we all were quite confused about the problems we were given. It took us a while just to sort out what the questions were really asking. By the end of the meeting we at least thought that we had an idea about what we were supposed to do.
A big plus was that one of my group mates was entering our conclusions on almost all of the eight questions while we were discussing them. At the end of the meeting he sent us all email with the very raw draft. But it was a good starting point. After that we mostly worked independently, but as we were progressing we were sharing our solutions with other members of the group.
Next day, on Tuesday, we had our regular scheduled Microeconomics class. We showed to our professor what we had done and asked him to just hint us if we were going in the right direction. Professor was very careful not to give us away the solutions by answering our questions. However it was still helpful for us to further refine our understanding of the questions and to understand where to look for the answers.
The questions were related to such fundamental concepts of economics as Demand & Supply, Subsidies and their effect on the markets, costs and competition in the Long and Short run, Competitive markets, Profit Maximization. Of course, it would not be a problem set in Microeconomics if it did not have Opportunity Cost integrated into a couple of questions.
I actually liked a lot working on the problems. As scary as they seemed at the beginning, they were actually quite interesting. One problem in particular required quite a bit of understanding and calculations involving Marginal Revenue, Marginal Cost, inverse Demand function. One of the group members solved the problem and even got a hint from professor via email that she was right on. I recognize that for my solutions it was invaluable help. Thanks to study groups and benevolent classmates!!
This past Thursday we had our grades on the Problem Set. I got 35 out of 40 possible points. It turned out to be above the median and probably in B+/A- zone. I am actually quite satisfied with the result. Especially because the 60% of the grade for the class is comprised of the grades for this Problem Set, a quiz we had a few weeks earlier, and class participation.
The Final on Microeconomics is this Tuesday. I am a bit nervous as this is going to be my first exam for the course in the business school. What I am not nervous, but utterly panicked about is the final on Financial Accounting I, which is going to be this Wednesday. I already bombed the quiz last Wednesday. Now I am hectically preparing for the Fin. Accounting. That’s why I will have to stop typing for this post and get back to working on my financial problems.
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