Manageral Accounting

Reflection Paper

BU204-16

When I was told I had to take this class as part of my career in accounting and to obtain my accounting degree I was not real sure why and to be honest I am still not sure how this played a vital part in my continuing education. Although I did enjoy the class to some degree and enjoyed learning more about how the government works in some of its operations.

Given the impact of economic forces on our daily lives, the strong interest in economics is understandable. Completion of introductory courses in Economics provides individuals with a logical and consistent framework for understanding such basic concepts as inflation, the function of money, and budget deficits. By providing an introduction to economic analysis, students who take Economics courses are better able to think critically about policy proposals that emerge from Washington and are debated in the mass media. In addition, students gain a working knowledge of how the economy operates and adjusts to changing economic conditions.

Many careers which require the understanding and analysis of contemporary events will also be enhanced by the study of economics. After looking into what professions these were I found them to be mostly law, journalism, public policy, diplomacy, education, environmental science, medical administration, and international affairs. Economics provides a better understanding of the economic and public policy environment in which virtually every profession will be pursued. Hence, economics courses are an integral part of any undergraduate curriculum.

So even though I am uncertain if I will find the information learned in this course to better guide me in my career path I am glad I had the chance to learn something new and I look forward to my continued success here at Kaplan University.

References:

Krugman, P. and Wells, R. (2009) Macroeconomics, Second Edition. New York, Worth Publishers