Economics

Content:
I took economic classes in midle school, high school and college (such is Chinese education that students learn everything, and give back all we learned to teachers after final exam), so the terms and concepts in this class are like old friends to me. But maybe I haven't seen them for such a long time that I hardly recognized them,  let alone they suddenly spoke English to me.

I really like the way Dr. Johnson giving his lecture, except that sometimes he spoke too fast to tell a joke, and I was really confused with waht the whole class were laughing about. I like the way that pre-class readings are given before lecture. In this way I would think about a lot of problems before class, and listen to class with questions.

I think it is very important to imply Economic methods in other fields. Economics makes people behave wisely. Take BMI for example. I believe that the maximum of economic benefits is not the final goal for most healthcare organizations and governments. But economic evaluation is still necessary before making any decision. Because healthcare resouses such as fundings, physicians and equipments are limited,  we need economic evaluation to allocate these resources, to achieve maximum effectiveness. Moreover, I always think people who know some economics can arrange their life more rationally, and more effectively. Dr. Johnson maybe an example, as he described himself.  I can not agree with one of his idea more, which is that we should make our decision only based on our current situation, and anything happened befire should not affect our decision. His example about healthcare equipment nicely illuminated  this idea and the necessity of  economic evaluation befor decision making.

Posted by  Jing Lu