question:

You have one semester left to graduate and you have the finances to do maximum of four courses. Three of the courses are required courses. The last course slot belongs to an elective. You have narrowed down your choices to three electives, all of which are very popular and very useful courses that you are very interested in. Decide on the course you want to take. Then using at least two economic decision-making principles, explain why you are making this choice.

answer:

Throughout life, people must make decisions and must choose between two or more options that could be positive or negative for them; to decide people must assess the best possible final choice. According to the principles of economics people can use ''People Face Trade-Offs'' and ''The Cost of Something Is What You Give Up to Get It'' principles to decide of which elective should people take. My major is Business Administration, this is my last semester, and I must choose one elective out of three. My options are Principles of Business Administration, Introduction to Computer, and Music Appreciation.

The first option, Principle of Business class, would teach me the basic knowledge of business creation as economics, management, leadership, marketing, and et. This class will help me with my goal of creating a business as well as it would be a great elective to add up on my transcripts. The second option, Intro to Computer class, this class will not only teach me computer skills, but I will help me to master what I already know of Microsoft programs. The third course is music appreciation which would be something that I love and will expand my knowledge on music, however, it will not be something too beneficial to my career goal which is Marketing.

I would have to trade-off music appreciation because despite music is my passion my career goal and second passion is business administration. If be a business owner is my dream, I would rather take a class that will enhance my knowledge and will be proactive to my career choice. Opportunity cost principle will tell you to give up something to get another one. I prefer to give up on music and computer skills that I can learn by myself instead of giving up a course that will improve and give me the basic steps to start creating my own business.

After putting each elective on a balance, I will stand on my decision to take Principle of Business as an elective that it would be the most beneficial for myself and my career election. This class has the greater trade-off and opportunity cost comparing with the other two classes.