Economy and society. From the point of view of an economics student

In our training process as economists, an important tool is to learn and improve our language skills in foreign languages, English is the main language and the most used in scientific documents, university courses and in the daily life of the economy. In our two previous courses, in my opinion, we tried to improve our grammar and studied the basic structure of the language, however, in this course (English #3), we tried to improve and learn more specific concepts in the areas of economics, we tried identify some useful topics about our career and future jobs. The most important ideas that I can identify from the course is the possibility of expanding our vocabulary in finance, that is very important in jobs, courses and others. Improving our conversation skills, trying to speak with our classmates and teacher in specific conversations or discussions is important to improve fluency. Being with a native American teacher in my opinion is very important because we can hear a natu

In the next video, I explain the topic  

In the next video, I explain the topic  

  Research about the history and the role of the Central Bank in Costa Rica and reflect on its policies.   Costa Rica had their first bank in 1857, it was Banco Nacional de Costa Rica (Banco Medina), in the following years was born Banco la Unión and Banco Anglo costarricense. In the early 1900s an important entity was born, this was the Banco International de Costa Rica, it helped small farmers to obtain credit to boost their activities. Given the incipient number of financial institutions that began to establish themselves in the country, the needed arose to create an entity whose main function was to supervise and guide the country's finances, in addition to establishing parameters for the other institutions. Thus, in 1950 the Central Bank of Costa Rica was born, which since its inception and over the next few years develops policies to maintain and improve the Costa Rican economy. The main policies that correspond to the Central Bank in the present are: ·        Con

 Hyperinflation in the world In the economic world, an important issue is inflation because it can affect the entire sector of the economy of a country or region. Inflation is a natural process in the economy caused by many reasons, for example demand or supply side shocks. In many countries, those in charge of setting inflation at reasonable levels are the central banks. But there are some important examples that when prices rise exponentially it is impossible for entities in a country to maintain inflation levels. When a country experiences exponential growth in the overall prices of its economy, it is called hyperinflation. Some important examples are Zimbabwe, South Sudan and Venezuela. In this work we focus on Venezuela, hyperinflation in this country began at the end of 2017, according to some important experts the main reasons were the legacy of some governments, for example the Chávez government, the dependence on the international price of oil. The 2017 crisis began wh

  When we study economics, our time is focused on understanding a lot of models, read about mathematician tools in our career and study for our exams. The opportunity to participate in a conference with a person who works on world bank or important organizations are really limited. It is in this way, that having the opportunities talk with Veena Siddharth is very relevant in our formation. The conference start with the preferences of topics in the career, it is important because it demonstrates that economics have a lot of applications that can be important in different parts of the society. In this way,   she   mentions that   some important desitions are in the hands of economists. She outstands that language in economics are very important because we need to transfer our ideas. These ideas should be specific and using daily language.  She talks about another important things for example she discusses about the limitations of resources in the world, moreover she talks about the n

  Investing in bods According to MARKETS INSIDER   I would choose, Frontier Communications Corp. In this case since it has a high return 63.33%.I am interested in it since it is a bond which can be traded in the over-the-counter market because it mature in 2025, I chose it among various companies with high levels of performance, since the frontier company has existed since the 30s, that is, the reliability of being a robust company. My other two options are us treasury bonds, first   U.S. Rates 6 Months , because I would like to have money in a near period of time, and the second one is U.S. Rates 5 Years . In this case I would like, for the opposite reason of the previous one, to have a future income, plus an interest gain. In addition, given that the period is relatively long, there is the possibility that you can sell it in the over-the-counter market. It is important to note that the three types of bonds combine terms, in addition to the fact that one is from a private e

  Hypothetical case I am a microeconomics professor in the university, one day a student sends me an email ask me if I can help with a topic for a final presentation in a introductory course. She asks me that if I can explain about complexity economics, and the importance of this.   Email for the student. Good morning. According to your question, I can talk about a few important points that can help you. First is important mention that complexity economics was created to relax certain merely neoclassical assumptions about the economy and economic agents, it seeks to stop seeing models where individuals are always rational, and in which systems are well defined. In other words, it tries as far as possible to make models much more realistic and applicable. It developed mainly from the criticisms of various authors who highlighted that the economic and mathematical models used applied to very controlled conditions, which is far from the economic world. It is thus then that

  How does language, economics and the language of economics function as an instrument of power?  The economic aspects are deeply rooted in the daily life of people, ideas are often expressed and heard, which come from economic science itself, many concepts from the simplest to complex aspects of the vocabulary that are heard in conferences on television or similar. The use of economic language or the language itself can lead a person to understand a little more about the world that surrounds them, understand aspects such as the need to maximize profits in their small businesses or minimize costs in their homes, or understand the types of of rates that you can have when appearing in a bank, understanding about economic aspects entails understanding being one as such and the activities that it develops Can you think of any examples from your major (positive or negative) and your courses?  Economics, being a social science, has a wide variety of aspects on which it can focus, fro

  The Financial regulation is a very important point of the economy of a country because it can influence in the banks, credit organizations in explicit forms, but it can repercuss in the decisions of industries and organizations in implicit forms. To talk about the financial in a country, is important mention a very specific institution that have the work of put and take the decisions, in the case of USA the most important is the FED, and in the case of Costa Rica, it is the Central Bank. Understand that USA and Costa Rica have very big differences in the organization of their economies for example the quantity of financial institutions and the size of these, but the idea of have a central institution in their economy is a characteristic of both. the importance of the Fed and Central Bank in the economies are in different areas for example they can help in the decisions related inflation, the monetary supply and can help in very specific shocks that can destabilized the econom