Personal statement for Appllication to Master of Financial engineering

For Appllication to Master of Financial engineering - Personal Statement Example For the first time, I realized that certain patterns can be discovered in something which is apparently random. This was a revelation to me and it ignited my interest in Analytical Math. I became an avid reader of books on Number Psychology, Odds Formation and Investment Strategy. I tremendously enjoyed using Analytical Math to predict game outcomes. I even formulated my personal odds model and way of analysis. In fact, I can often accurately predict the bookmaker William Hill’s odds of success! The more I delved into the subject, the more I fell in love with numbers! After graduating from High School, I visited an uncle who works in a large investment firm in China. During my time with him, I perceived that mathematical analysis is not just the perfect prediction tool for fun games – it is also a practical instrument in the world of business. Statistical analysis is the most reliable means of accurately predicting organizational performance. The commercial applications of mathematical analysis again impressed me as I observed my father’s work as the Manager of an export/import company. It was wonderful to know that Mathematics, the love of my life, is also one of the most powerful tools in commerce! I began to see the outlines of my future career and the path to its realization. My parents, both of whom hold graduate degrees, are living examples of the life-changing empowerment of strong academic qualifications. They show me that any successful career needs to be firmly founded on impeccable academic credentials. My mother is the Dean at the College of Education at Shenyang Normal University. I believe that it is of crucial importance to find well-qualified mentors to serve as guides on an educational voyage. As the first step in my own journey, I chose to do my Bachelor of Science in Applied Mathematics at Georgia Tech. During the past four years, I

What Role Should the Government play in economic life Essay

What Role Should the Government play in economic life - Essay Example ent centuries, such as Karl Marx, have questioned the right of private property, and have called for an active part in controlling the generation and distribution of wealth. The marketplace and the government meet head-on in the division of authority in the creation and distribution of goods, services, and wealth. All economists, except the most conservative capitalists, believe that the government has some role in constructing and guiding the economy. The role of the government in economics is to assure that the economy of the country is able to express its culture and societal will. Taxation is one of the primary policy functions that a government can use to stimulate or discourage economic activity. Indeed, governments require taxation to provide the necessary funding for needed projects. Ideally, it is hoped that taxation would be fair and all citizens would bear an equal tax burden based on their abilities and needs. However, capitalism has been able to develop concentrated wealth and this unbridled economic freedom has the possibility to create the perception of a shortage of resources. The sixteenth and seventeenth centuries were characterized by food riots as production increased the supply, markets agitated a sense of shortage, and the threat of unfair taxes interjected a sense fear into the system. The governments role in economics is to assure the fair implementation of tax laws and eradicate the fear of taxes. According to Rothschild, "Commerce will flourish only in a state with a regular administration of justice" (14). The governments role in taxati on is to sustain a high degree of confidence in the application of the existing tax laws. The governments role in economics, in regards to taxes, is the generation of confidence in justice and not directing society through tax encouragements. Governments often assume the role of directing a societys culture through a series of punitive taxes or rewarding credits. Taxes are often levied against a product,