Michael Jensen Econ 490 Fall 2019

The decisions I make now will set habits for myself that I will follow for the rest of my life. It’s important to pay close attention to my spending habits now, in order to properly manage income risk for the future. There’s no way to tell exactly how much I’ll be earning as a salary these next few years, or even the rest of my life, so the only thing I can do now is to be responsible with how much I work and spend.  Being an econometrics and quantitative economics major over the last four years, I think I’ve grasped a pretty sufficient idea of how the market works, and a responsible ratio of how much money I earn to how much I can spend. But it’s much more than spending habits, different experiences and choices I make now will have heavy influence over my income in the future. Being involved in greek life has helped me network myself to a great number of people during my time here on campus. Getting involved, even in social organizations, is a great way to network yourself and ...

I think that the idea of there being an initial allocation of these supposed Illinibucks is not a bad idea. If this were the case, then students would all be on an even playing field. That being said; they could use their Illinibucks to serve whatever needs they feel are most important to them. For example, if someone truly hated early classes or needed a perfect schedule, they could use their Illinibucks to be one of the first time ticket of the semester. On the other hand, if someone did not care about their schedule but it was important for them to frequently meet with their advisor, then they could skip the line and meet with their advisor whenever they want. This is where the idea of transfer pricing comes into play, I believe. Students would have the option of how to allocate these benefits within their own University experience. While I do not think that this is a necessary implementation, I don’t think that it would necessarily hurt. I think that aside from class registr...