Economics and Personal Finances class was a really interesting class. In this class, I learned a lot about world economy and some rich countries economy. GDP is the to measure how much the country produced each year. I learned price change in the market, like demand and supply and how that can effect the price. Also, I learned about globalization and how all the countries are connected to each other. There is negative and positive effects about globalization and people's opinion about it. The developed countries move their factory to developing countries to make product with cheap labor. For example, most of the things are from China because the laboratory is cheap and there is many people to work in the factory. The most interesting lesson I learn is about China. When we did country profile and development research, I learn so much more about China. I lived under Chinese government and Chinese Economic system, but I didn't understand anything.
Personal finance really helped me understand a lot about my own money and how to manage it. I learned about different type of credit cards about I changed my mind about credit card, it was much different than what I thought. Saving account is to save money and keep is safe, debit card is just I am spending my own money. I learned the process of buying a car and a house, it is going to help me in the future to be a better person. After taking this class, I decided to go to the bank of American and talk about my bank account and ask them about the service fees and all the information about my saving account and checking account.