Friday, September 21, 2012

Opportunity Cost

Opportunity cost is one of economic's foundational concepts. It's basic, but because it's so important, it is also everywhere. I changed my major from Managerial Sciences to Women's Studies some weeks into the semester. Now, I have several weeks of reading and papers to catch up on in my women's studies classes. It's been a reminder that time is a limited resource. With so much reading to catch up on, I've been scrutinizing every time expenditure. I've started going into debt to my sleep schedule to fill my school reading time fund. I've eliminated all pleasure reading that isn't for school. And I've even had to use some class time to read the mountain of books assigned from other classes.

And it's not just a temporal cost; it's monetary. The Registrar's Office asks students to pay $37.50 for each class that a student adds after the add/drop period. That's a cost that adds up quickly when you're adding three classes.

The classes I have now, though, are an exact match to what I'm interested in. The people in them are interesting and interested in the same things i'm interested in. The professors and I immediately have something in common because we all very much interested in the topics. This hectic week, the hefty fine and the time crunch are all proving to be worth it.