Thursday, June 30, 2011

Late-Night Study Party

Today in class, we learned about an important concept in economics known as the Marginal Propensity to Consume (MPC) and the multiplier derived from it. We can find the multiplier with a simple formula, but the tricky part is figuring out MPC because everyone has different opinions. We also covered the consumption function, investment spending, and inventories. Mr. Coleman handed out a worksheet on the MPC and consumption function, and he explained the answers after we finished. At the end of class, we continued watching Blood Diamond, which we will finish next Wednesday.

Our homework assignment is due tomorrow so I worked on it when I got back to my dorm after lunch. I finished the homework, but right now, I have four of my macroeconomics friends in my compact, single room reviewing the questions. Our group prides ourselves in being extremely diverse, with all five of us speaking a unique language. I love that our study group represents the diversity that is found at Brown. Three girls are from other dorms so they are frantically working to make it back before curfew. We are being quite loud with our studying, but we will quiet down soon as our floor mates are heading off to bed.

I need to get more sleep. As much as I try, I can never sleep earlier than midnight, giving me less than eight hours of sleep as I have to wake up at 7:45 AM for class. Class is not boring at all, but I sometimes feel weary from my insufficient amount of rest. Occasionally I will try to nap but very shortly. I know that college will be like this too, probably even more exhausting. I don’t plan on sleeping much in college, and I will cherish sleeping in on the weekends. Speaking of sleep, it’s time for bed.

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