Francis Edgeworth Econ 490 Fall 2017

I started to think about managing future income risk after my sophomore year of college. Prior, to that I did not know what I wanted to study or what my aspirations were. I was an undeclared major for my first year at Purdue, and that gave me the time to experience different classes. I had decided that studying economics would be the best fit for me as I had planned on receiving an MBA in the future. Hence, I transferred to UIUC to pursue degrees in Economics and Statistics for in state tuition and its strong STEM and business programs. I did not go to UIUC from the beginning because I was rejected when I applied from high school. The first organization I joined on campus was OTCR Consulting, this gave me the opportunity to be surrounded by some of the brightest minds at UIUC. Initially I though I would be interested in management consulting as a profession, but I realized I always though finance was interesting. For example, when I turned 18 I opened my first brokerage account a...

I feel the prompts for the blog posts have been designed in such a way that a student must recall information and make connections from previous classes to write a quality blog post. I believe we started off with transactions costs and slowly transitioned into opportunism. By the time we hit the third and fourth blog posts, I feel my posts were heavily influenced by these posts naturally. To elaborate, I feel I brought up the themes of opportunism and transaction costs organically rather than forcefully. Although the prompts did guide us briefly to referencing those concepts. For example, in my post on working in a team I referenced the concept of opportunism frequently and I noticed some of my teammates referenced transaction costs. In my next post about Illinibucks I had referenced transaction costs heavily and opportunism briefly. Going off last Thursdays class session, I believed this week’s blog post would be on creativity in the workplace. This topic would have been interes...

This seems like a very interesting topic, and I feel it relates to the previous prompts as well. I feel that the idea of Illinibucks seems like a practical one. This concept reminds me of the café credits concept a bit, as everyone has a limited amount. I feel that the practical uses of Illinibucks would be to get better seats in a lecture, sporting event, priority registration, food at the dining hall, a better parking spot and seat at the library. These are just some of the uses I could think of. I feel this concept would only be useful if you want to prioritize one or two things. Since every student has the same amount of Illinibucks it would seem to make sense to spend it   on one or two things rather than hoard it as there is no incentive to currently hold on to Illinibucks. For example, I personally would spend all my Illinibucks on priority registration for Stat400. In the previous blog posts I spoke about having to be opportunistic to gain registration as it was quite dif...