What is your opportunity cost of pursuing this?

Find the Occupational Outlook Handbook online from the Bureau of Labor Statistics (BLS). Pick two different careers you are interested in. Find both in the Occupational Outlook Handbook. If your career choice is not listed, choose the next closest career you can find. Learn about the career (you may also use other sources—cite them!) and answer the following questions for both career choices.

http://www.bls.gov/ooh/

 

1. What career did you decide to research? Why did you pick this career? What is your opportunity cost of pursuing this career?  ( pick something like business/farmer/comedian or anything )

 

 

2. What type of personal traits work best for people in this career? Do you have these traits or can you develop them?

 

3. What type of education, training, and/or experience is needed for this career? What steps have you already taken towards these? What are the next steps you should take? How will you go about taking financing and taking the next steps?

 

4. What is the expected starting salary for this career? What are the expected mid-career earnings?

 

5. What type of working conditions and lifestyle can you expect in this career? Do you think this is a good match for you? If so, why? If not, why not?

 

6. Does your research suggest that demand for people in this career is increasing, decreasing, or expected to stay the same in the future? Is the supply of workers in this career increasing, decreasing, or relatively constant? Given these demand and supply conditions, do you think it will it be easy or difficult to find a job when you are ready to start this career?

 

7. What are some changes (e.g., technological, economic, political, etc.) you expect to affect the industry of your career choice over the next 5-10 years? How might these change the supply and demand conditions from your previous response?

 

8. How do higher education levels in a nation contribute to higher levels of economic growth? Do you believe your career field of choice contributes to higher levels of economic growth (at an aggregate level?

 

9. Use marginal analysis to determine whether you think it would be wise to pursue this career. What are the marginal costs and marginal benefits?

 

10. Given what you learned, are you still interested in this career? If so, why? If not, why not?

 

11. Do you think it would be a good decision for Joseph to switch careers into your chosen career choice? Why or why not?  ( Joseph is my Macroeconomics professor )

Place a similar order with us or any form of academic custom essays related subject and it will be delivered within its deadline. All assignments are written from scratch based on the instructions which you will provide to ensure it is original and not plagiarized. Kindly use the calculator below to get your order cost; Do not hesitate to contact our support staff if you need any clarifications.

Type of paper Academic level Subject area
Number of pages Paper urgency Cost per page:
 Total:

Whatever level of paper you need – college, university, research paper, term paper or just a high school paper, you can safely place an order.

Page Navigation