Boost of Economic Prosperity - Essay Example

After studying numerous fields of studies, economics seems to be the most intriguing because the implementation of the theoretical concepts of economics can be witnessed in the societies more than any other field of study. This realization occurred when I returned to my homeland and saw the sudden boost of economic prosperity. The emergence of stability has caused personal study and research regarding the economic decisions that were responsible for such growth and has held my attention for several years.

Another factor that attracts me towards economics is the applicability of this field in almost every walk of life whether in the manufacturing or service sector. Every field demands effective decision making that enables the producers to conduct their business with the least amount of resources. It was Adam Smith’s theory of the “invisible hand” that facilitated the comprehension of the mechanics of a society in the simplest manner. The knowledge of economics not only benefits one professionally, it also helps to know the difference between right choices and wrong ones on a personal level.

It facilitates the comprehension of the global ongoing activities in the economic sector and how everything affects the life of a common man. Specifically, the global depression has changed the world and has made the common man suffer due to few wrong choices by decision makers in the economic arena. I aspire to attain greater knowledge in the field of economics and acquire a Masters degree to comprehend economic activities to a greater extent and devise solutions to reduce the effect of wrong decisions.

I shall be very grateful if you grant me the admission and help me pursue my dream of acquiring further education in the field of economics.