Imagine that you are going to graduate from college and just started looking for a job, or applying for graduate school. The recruiter would probably look at your resume and applications, then make an estimation of your human capital before making the final decision. So what is human capital? I would like to categorize them into two types. One type is more related to "what you have learned to do" and the other is more about "what you will be able to do". For example, "what you have learned to do" reflects your basic knowledge (math, statistics, economic theories, etc), or your skills you acquired (programming skills, communication skills, etc). And those might be easier to evaluate from your resume and transcript. The other group of human capital might include your creativity, critical thinking, ability to learn new things, etc. I think those attributes are good predictors of what you will perform in a new environment. Maybe I can share my experience a
Actually this class is very different compared to others; not only in terms of content, it also has unique ways of studying for homework and blog posting. Since this is the first 400+ class that I've ever taken, I actually thought it was a little bit hard for me at first. Then when I went over the excel and read the book, I found myself on the right track to study this course and really enjoyed it. So I would say this class is a process of exploring for me. Before signing up for this class, I actually didn't have a clue about what this course was about. But as I started, I found the economy in organization is much more complicated and interesting than other economic courses. In my micro or macro econ classes, most I learned was about theories and didn't talk a lot of examples in real life. That's why I like the class discussion because you always get prepared for some examples in real life, which makes the content much easier to understand. Also, I struggled f