Final Project (week 6)

The final blog for whole semester. How time flies, I still remember the first to write blog that the feeling of confusing and doubt. Does it useful? Now I think I have the answer. The blogs are useful not only for me but also for the audience. For example. I always introduce many concepts which come from finance major which is very useful for the students who want to study finance major.

 I wrote about 10 questions for the book "principles of management business" I mainly introduced 10 basic concepts in the finance major. Though they are very basic, but if we don't know them. We can't learn anything. This is like a man walking in a street without light. Though he is a strong man. But without light, he doesn't know which direction is correct. Suddenly, there is series of lights lead him walk on. These lights are the basic knowledge in finance field.

 I talked about difference with a scholarly article and a journal. The comparison with these two types of literacy are obvious. The scholarly article is more official and the words are very professional. On the contrary, the journal is not that professional. Because for my opinion, the audience is different, the audience for scholarly articles are business major's people. They can understand the professional words which appear in article. But the audience for a journal is the readers all over the world, they may not understand what is "fixed cost" (The cost that remains constant),so the journal use popular and easy to understand words to show their opinions.

I explored the writing process for a stuff who work for China construction bank. I interviewed her writing process for a professional work essay. She introduced the writing process for her working report. Search online for the materials and write several draft to prepare for the final essay. Also I asked her some questions about finding a job. What kind of issues should I prepared.

I mainly introduced a critical source argument in finance major field. Because there is a phenomenon that the billionaires invest money in health care instead of innovation sources. Which block the development of innovation sources. So this is an argument with critical source with business field. For my point of view, I think billionaires should change their strategies into innovation sources because they can make much money.

I interviewed a manager who works in frog design, I asked him for the future job choose and what kind of job should I apply for. This is a hand-on experience, because in the past. I just make decisions by reading books or reading news from website. But this time I asked a professional manager, so I get some useful information, I should test myself to find out what is my strengths and then choose a direction for the future.

In addition, for every week's second blog, I wrote about different concept for the finance major. For example, Oligopoly is one of the most difficult concept in the blog. I think it is important for me to learn well in finance major, because by having this blog, I learned some knowledge myself.

In conclusion, I really appreciate for the project 3, it not only let me knows many concept with finance major, but also point out the future ways for me. I still have a long to go, but as I said in first paragraph, I have the lights which help me to point out the correct way to success, to ensure I won't go into a wrong way. I will be achieve my dream.

I am coming! Wait for me!

What I have learned this week (week 6) (2)

1. a discussion of what new thing you’ve learned about your field
   The new thing about my field is tax. Tax is exsit in all countries. Without tax. The government don't have enough many to build buildings, don't have enough many to health care. Help disabled people. So I was wondering when I first get in touch with tax. where is tax come from? With the research I made for this week. I noticed that the tax comes from two parts. suppliers and consumers. We have an equilibrium point when two people having a business. But the government want to get tax from this business. So government makes a wedge in the business. So that the consumers have to pay more and suppliers earn less money. Where is the rest of the money? Government take it away. This called tax.
2. a description of the experience of learning that new thing and/or blogging for that day
   My experience for learning tax is read books and understand the concept of tax. Because tax is easy to understand. Both suppliers and consumers lose some money so that the government  can get this money to do other things. Firstly, I read online articles about why government want to make a wedge in the business. Then I find out government don't make money. So they have to take money from citizens. Secondly, draw a picture, and analysis it
3. a response to what you’ve learned (conclusions, further questions, connections to
   other material)
   I learned tax because I don't know why we need a tax, but now I understand . We need tax because government need tax to make the society more stable. Without tax, we can't have welfare. Disabled people will homeless. The public servants will starving. So tax is really important for citizen and countries, We should pay the tax on time.
   
   
   

My hands-on experience (week 6) (1)

For the purpose to write this week's blog, I went to interview a manager Matt who comes from frog design company for some questions about future career and graduate school. Because I think my experience about the finance major just get from the books. I need to know some self-experience from others especially success people.

Firstly, I ask him what kind of company should I go into. Because i am confusing about my future. I am a finance major. But I don't even know what type of jobs suit me. What kind of company can I join in. So I ask this question to him. My own knowledge for this question is just study and keep studying. But he suggest me  is to make an appointment for an hour with one of your career center counselors tell them you are interested in working at Mckensey and get their advice on how to proceed.They can be quite helpful both in helping you find good company fits and in connecting you with alumni at those companies consulting in particular is a people business - Mckensey clients are buying the brand and the quality of people so getting used to selling yourself, telling a story, etc. are as important as being able to devise a good model.

I think the suggestions are really useful for me. I waste most of my time on thinking about what should I do. But his suggests me realize what is my strength first then consider about what kind of job should I work with.

what i have learned this week (week 5) (2)

1. a discussion of what new thing you’ve learned about your field
   Firstly, I think I learned New Sources for Development Finance. People who are billionaires don't want invest in new sources instead of invest in health care. Because health care can earn favourable comments. Indeed, invest in health care not only can earn favourable comments for billionaires, but also can earn some money. That is a big issue for innovative sources.
2. a description of the experience of learning that new thing and/or blogging for that day
   
   
   Firstly, I searched online for the topic innovative sources and finance major. The book  is not long. So I take two hours to read chapter 1. It mainly talk about the new resources are lack of investment. Then I begin to thinking about why innovative sources dont have much people to invest. 
3. a response to what you’ve learned (conclusions, further questions, connections to
   other material)
   In conclusion, I think people should change their sense of worth. Because with the world's development and critical sources are running away. New sources must be a majority in the future. We can predict that if you invest in innovative sources. we can make a lot of money. 

Critical Sources argument in Finance major.(week 5)(1)

1. The book's name is new sources for development finance. The book argues that "Innovative Sources to Meet a Global Challenge" From this article, it mainly talk about that US billionaires are personally funding development and world health activities. Because billionaires think new sources are not reliable. So this is the main argument.
2. For my opinion, I think it is a really important argument. Because with the science development, new innovative sources development is a certain event. But innovative is a double side sword. Though it can bring a huge benefit, but it also exist huge risk for investors. Especially for billionaires, they earn the money by their effort for whole life. So this is the global challenge. Billionaires dont want their money invest in the innovative sources. i think people should try to invest in these innovative project. Because people need innovative sources, so it is good for development.
3. Though we may have risks on investing critical sources, but we still need to do it. So I think billionaires should invest their money on critical sources.
4. From my based knowledge. I think finance major will affect innovative sources development because finance major is teach you how to invest money. So by researching online, we can find that innovative sources are promising, from finance major view, I think people should change their opinion that new sources are worth to invest.

work cited
Atkinson, A. B. New Sources of Development Finance. Oxford: Oxford UP, 2005. Print.

what I have learn for this week in finance major week (4) (2)

1. a discussion of what new thing you’ve learned about your field
   
   
   i have learned externality for this week. At first, I noticed that when factory produce something, they may also produce many pollutions into river. Then I confused, if all factories doing like this. The environment will defenitly destoried. Why not government limit the factory to pollute? In the end, I find that government do has some policys for these kind of factory. It is called externality, which can make a tax in the factory, so that can limit the production of pollute.
2. a description of the experience of learning that new thing and/or blogging for that day
   
   For me, the experience to learn a new thing is firstly, I am curious with something happened in my daily life. I noticed that the factory is polluting our environment first. Then I begin to make researches, for example, I search online, why factory pollutes but government still let them pollute. Finally, I find the the new thing I learned this Week : externality． 
   
   
3. a response to what you’ve learned (conclusions, further questions, connections to
   other material)
   
   
   1.       In conclusion, the externality is the government adds a tax for the factory so that can limit the pollution that factory made. The question I have is how much does the government ask factory to pay for the pollution? Because we know that a factory’s purpose is to make money, if government set a tax for a much money, the factory will no longer produce any more. That will lead to The scarcity of resources

   "Externality." Definition. N.p., n.d. Web. 10 June 2013.

exploring writing process (week 4)(1)

I interviewed a employee who come from China construction bank. She is a finance major when she studied at university. Considering she has already worked for several years. I decide to send an e-mail to her to ask what is her writing process when writing a finance essay. Also, I asked her some finance major question for myself.

Firstly, I asked her when she decides to write an essay. What is her writing process. Her answer was very organized. The first thing is to know the topic. What is the main idea, for example, if we want to write an essay about funds. We have to set up the main point for the essay. Secondly, she always make some research for the topic, online and ask people around. That called "information collection". After that, she begin writing as a first draft. It includes some main points and the outline for whole essay. Finally, she will revise it and edit it as a final draft. This is the writing process for her. Compared with the others writing style, I think it is similar that they  both do a lot of research. They revise and edit as well.

Secondly, I asked her some question for finance major, my major.
1. I asked her, does a finance major hard to find a job? Her answer is, there is not a major easier to find a job. I have to work hard and ensure a higher GPA so that can help me to find a better job.
2. Should I change a major? Her answer is, finance is similar with other majors in business major. So it is not a big deal for me to change a major or not.
3. What kind of job I can find for a finance major.
Finance major can fit for a wide kind of jobs. For bank, company and also can work for government.

what I have learned for this week(week3)(2)

1. 1. The new thing i have learned for this week in Finance major is I learned I new concept called monopoly. It means the market controls by just one supplier. This concept I learned from a book.Why I notice this word? Because when I was shopping online yesterday. I find all the sport shoes are controlling by few suppliers. Which is called monopoly.
   
   
   2. When I was shopping online, I hardly to find other logos of shoes. All products in my sight were combine by Nike, Adidas. I was curious about this phenomenon. So I look it over in my finance book. I find that word called monopoly, which describes as in a market, there is only one, or few suppliers to produce productions.
   
   
   3.In conclusion, I think I have a huge harvest for this week. Because monopoly is an important concept in finance major. Monopoly and oligopoly are very important concept in the future. I have questions about what is oligopoly, I will keep it as a question for next week. Connect with the scholarly article, I think finance manger needs to know this concepts. So for my future dream. I will work hard for these concept.

Comparison with blog and a scholarly article for finance major (Week 3)(1)

Q: Considering Delivery and Style: Find a blog, trade journal or newspaper article, and a scholarly article written by a professional in your field. Compose a post in which you compare the delivery and style of these (at least two) different types of sources (both must be related to your field) in order to draw conclusions about their audience and purpose. Who are these authors writing for? Why? And what difference does that make to how they write?


The trade journal was about China should pump Iraq's oil. The journal mainly use lots of data, to show that we should let China pump oil from Iraq. Obviously these data are all about Finance. Like the percentage of cost for China to pump in Iraq.  Secondly, the journal lists many Finance problems and questions for reader. these two styles usually using by journal. The data called LOGOS, it can help readers know more abut information then make a decision.  Besides, by asking some questions, for example "So if the Chinese want to settle for lower margins in Iraq -- and help keep a lid on gas prices in the process -- what's the problem?". To make audience thinking deeper. We can see that the question asks gas prices. That is the finance major question.


On the contrary, I find another scholarly article which is about finance manager. The article is mainly introduce the finance manager. Includes salary, job details etc. The delivery of this article is very professional. This is the majority of this kind of article. It is also using LOGO rthtorical strategies. By providing many information for audience to talk about finance manager. Furthermore. The article highly conclude the duties what should a finance manager does.

In conclusion, no matter articles or journals in finance major. They are both very officially. The audience for journal is the readers all over the world. And the audience for article is for business people who want to be a finance manager. So the article are very specific. 

Works cited: 

"Let China Pump Iraq's Oil." Economy RSS. N.p., n.d. Web. 03 June 2013.

http://economy.money.cnn.com/2013/06/03/china-iraq-oil/

"Finance Manager." Career Opportunity Details. N.p., n.d. Web. 03 June 2013.

http://www.afajof.org/details/job/4790631/Finance-Manager.html

Week 2(2):My opinion for the book: Principles of management accounting

By reading this textbook, my first feeling of the book is, so many concepts here. Because accounting is a core course for business major students. So the concepts there we must remember in our mind deeply.
How can we enter the eli broad college? We have to get a very good score for the accounting202 course. This textbook really good at telling you the basic management accounting. What is management accounting. For example. it mentioned the concept opportunity cost. This concept first being taught when we study economics, but people always forgetting things,so the book reminds this concept again to help you remember this important but basic concept.
Also, the book contains many method to calculate profit and benefit you can earn when doing something, which is useful for our daily life.
In conclusion, this textbook is really good for business students, I really high recommend it.

Week 2(1): The 10 questions for the textbook I used.

I got a book named principles of management accounting. By reading this book, I have 10 questions here about the book. This book is the text book of acc202 at Michigan State University.

1. what is opportunity cost?
Opportunity cost is the potential benefit  that is given up when one alternative is selected over another. To illustrate this important concept, we need a lot of practice.

2. what is differential cost?
Differential cost is also known as incremental cost. A cost between any two alternatives is known as a differential cost.

3. what is Direct cost?
A direct cost is a cost that can be easily and conveniently traced to a specified cost object.the concept of direct cost extends beyond just direct materials.

4. what is fixed cost?
A fixed cost is a cost that remains constant, in total, regardless of changes in the level of activity. Unlike variable cost, fixed costs are not affected by changes in activity.

5.what is Managerial accounting?
Managerial accounting is concerned with providing information to managers. people inside an organization who direct and control its operations.

6.What is Direct labor?
Direct labor consists of labor costs that can be easily. Direct labor is sometimes called touch labor.

7.What is Manufacturing overhead?
Manufacturing overhead , the third element of manufacturing cost, includes all manufacturing costs except direct materials and direct labor.

8.What is product costs?
Product cost include all costs involved inacquinring or making a product. In case of manufactured goods.these cost consist of direct manufacturing.

9.What is period costs?
Period costs are all cost that are not product costs. For example, sales commissions and the rental cots of administrative offices are period costs. period costs are not included as part of the cost cost of either purchased.

10.What is prime cost?
prime cost is the sum of direct materials cost and direct labor cost.

The course Accounting 202 is a core course in business Eli broad college, so the text book is really important for the business major students to read. Many basic knowledge and concept must be remembered in our mind.

Citation: Principles of management accounting. Eric W.Noreen, Peter C.Brewer, Ray H,Garrison. The eli broad college of business Michigan State University.

Shuyang Wang's Research Blog

                                                             About Me

Hello, every one, my name is shuyang wang. I am a boy and come from beijing china. My major is Finance. I like skiing, swimming and play soccer. Hope to make friends who like these sports. 

Also, I like listening to music and watch movies. I like history and literacy. this is me, shuyang wang who comes from Beijing and willing to make friends with you guys.

Besides, the paragraph above is who am I as a person. Now I want to talk about who am I as a student. I am a student who good at physics and math. So that is why I choose finance as my major, I think this major requires much about math and caculate. 

Finally, time to write about who am I as a writer. I like writing, there is no doubt that writing is another communicate with people except talking face to face. In addition, writing can express more about your thinking. Because when you talking with person, it is very plain and simple. 

On the contrary, when writing , it shows your deeply thinking about the issue. So writing is important for people. Usually, I like to write a dairy to record the significant things happened in my life.

The purpose I want to learn Finance I think is my father work at a bank, when I was a child, I always heard some professional words from my father, at that time I began interesting on business I think.

My goal for this Blog is to introduce how a finance major students introduce the Finance major in a literacy way.

This is me, thank you for reading this. Nice to meet you.

shuyang Wang