Milton Friedman Econ 490 fall 2017

The main reason for going to college should be to get a better, higher paying job once you finish compared to one you would be able to get without graduating from college. This has turned into sort of a gamble with how expensive college has become, as failing in college will leave you much worse off than if you had not gone, and it will also take many years working a higher paying job just to pay back the expenses incurred from college.  In the end, however, succeeding in college can play a major role in earning more money in the future.  Although I am attending college to learn skills that would be helpful for a future job I would enjoy, when choosing my major the types of jobs I could get out of college were not one of the main factors contributing to this decision.  Instead I thought about what kind of subjects I enjoyed most.  I have enjoyed math all my life and love to analyze and problem-solve, and Economics became my choice as it entails a lot of these things I enjoy.  Even th

I actually purposely thought about my different experiences in organizations before writing any of the blog posts.  I have also decided to write about three different organizations that I have been a part of as a way to force me to think about the intricacies of each one, and also to compare how all of them work and why they are successful or not based on what the organizations purpose is.  I am able to compare my blogs so far more with opportunism, organization structure, and management than I am with the pricing concepts we have been covering recently.  This is because the only organization I have talked about where I would be able to reflect on how pricing works is my internship experience at CME Group, which is also the organization I have had the least experience in.  Before writing about the organization structure of my baseball team I enjoyed comparing and contrasting my different organization experiences with each other using the textbooks examples of different structures and t

There are a few things on campus that could use an "Illinibucks" system.  The first that come to mind are registering for classes and campus housing.  Both registration of classes and housing are largely determined by a first come first serve basis.  However, I do not think Illinibucks would work as well for housing.  Many students only stay in campus housing for their first year.  When coming into campus, first year students are less informed on the benefits of different housing buildings, and would be less knowledgable about which dorms are better.  First year students would be less likely to use Illinibucks for housing as they would not know to what extent certain dorms are better, and so would be more willing to just let UIUC assign them their dorm from their preferences list.  The majority of Illinibucks for housing would be from second-year students here at UIUC that know more about each dorm, and would have a preference for which dorm to choose, and possibly Illinibuck