LITERAL
(a) Statement saying: “I, Teodulo
Crisanto, affirm that I completed my independent component which represents 30
hours of work.”
(b) MY textbook for the class
that I have been taking has helped me. The book is Principles of
Microeconomics, 5th edition, by N.G. Mankiw. Also my
professor, Carsten Lange, has helped me gain a better understanding of
how economics applies to real estate.
(d) The class that I have
completed for my second independent component is EC 201 Principles of
Economics.
INTERPRETIVE
Every week I would have class for
four hours a week, then dedicate two hours outside of class to studying for the
assignments and quizzes. The class is still in progress and not due for
completion until, the eleventh of June. My goal for the class is to obtain a B
on the final and hopefully an A on the midterm. The class has helped me to
understand the basics of economics and given me a new way to approach my senior
topic as a science, which I do enjoy.
APPLIED
The component has helped me
understand the foundation of my essential question more than what any piece of research
would have to offer. The component has helped me realized how integrated the
real estate market is with the entire US economy. More on the foundation, the
class is making me take a more scientific approach to my entire topic applying
these principles of economics. Such as people respond to incentive, whether a
positive or negative incentive people will respond. With that information in
mind the impact of many government programs is better understood. Like with the
Obama administration, they offered up to an $8,000 tax credit for first time
buyers and have purchased a majority of mortgage backed securities in an attempt
to gain control of the housing market. Also my independent component has helped
me develop another answer for my essential question, improve on how you are using your working capital in order to maximize
profits, because in this business profit is essential.
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