Journey 3

Journey 3

A number of very specific choices have led you to be in this particular class in this particular school. Each choice represents not only what was gained, but what was foregone in order to get you here. What was forgone is defined as the opportunity cost of what was gained. In your opinion, what have been some of the opportunity costs of getting you into PAS in general and this class in particular? Keep in mind that money is only one kind of cost--there are many more things that make up opportunity cost, both tangible and intangible. Considering that you most likely had little control over many of the decisions that got you here, do you think the decisions that were made were rational? In other words, if you analyze the costs and benefits, do the benefits outweigh the costs? Why or why not? If you had been in total control of your life, would you have made the same decisions? Explain.

-          The opportunity costs that I chose PAS are the local schools or any others school in Taiwan that I gave up to study. Besides, studying is PAS cost a lost money comparing than any other local school in Taiwan. Therefore, I spend lots money studying in PAS instead of cheap tuition schools. Other opportunity costs of taking high school economic class are other courses I gave up, and the knowledge from other courses that I can learned from.

-          In my opinion, despite all the opportunity costs of studying in PAS, I believe I made a rational choice. Although studying in PAS costs lots of money, but the benefits of studying abroad is definitely worth it. Consider this decision as a long-term investment; I can pursue to get in a prestige university in USA. The knowledge and opportunities provide from the US universities are surely way more than Taiwanese schools. Besides, I can get a better job according to my career. In conclusion, the benefits are overweigh the costs.

-       If I have a total control on my life, I will make the same decision that my parents made for me. Since not every student has this chance to study in PAS, I will take this chance as a privilege and challenge myself. 

Journal 1

-If PAS is considering an economy, then, the producer will be teachers who provide knowledge to the students. On the other hand, the students will be the consumers who pay money for the service, which is learning knowledge from the teachers. The service is produce from the educated teachers who had learned the fundamental knowledge from each respected academic subject areas. CEO, who is the head of the school, is both producer and consumer. CEO is responsible for paying salaries for every teacher she hires, and provide (buy) necessary materials for student or teachers to learn, such as tables, computers, test books, white boards, and many other learning-related materials. Moreover, CEO is also the one who makes the choices; she is responsible for the risks and the choices she makes.

-In PAS, student council is an example of a group who reflects self-interests to school, which is consider a small society. For example, some of the members in student council think that school lunch isn’t good. Therefore, they provide microwave food during lunch. This example represents the benefits originally were made for oneself also benefits the society as a whole, because other students who are not in the student council can also having this benefit. 

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