What is the approximate dollar cost of the tuition and other fees associated with the economics...
What is the approximate dollar cost of the tuition and other fees associated with the economics course you are taking? Does this dollar cost fully reflect the opportunity cost to you of taking the course?
Homework Answers
The tutiotu fees for associated with economics course for year for me is $32000 including room and boarding along with turion fees.
Yes this dollar cost fully reflect my opportunity cost of taking that course.
Opportunity cost is choosing one alternative over the another and loosing the benefit of that left alternative.
Here my opportunity cost is that I choose to study economics by leaving engineering as here I taught that economics always have a great scope for me to get a good employment in future when compared to engineering. Economics is part of everyone's life even they agree or not. Opportunity cost is also part of everyone's life as people always choose between alternatives.
I choose this economics course because I want to get benefitted where as I am also willing to loose the benefits that I will get If I have done engineering.
Engineering is also a good stream but there are so many graduates all over the world who even after completing graduation still unemployed. Where as with economics if you complete your I can either be a school teacher or if I done a PhD professor inthe same college. So it is worth for the cost I am spending on this course and the time I am spending on it.
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