Ben Bernanke Econ 490 Fall 2019

I was on the high school speech and debate team and I mainly focused on two events. I did impromptu and team policy. Impromptu was where you were given three topics and limited time to pick one and deliver a five minute speech on that topic. Team policy was in pairs and you and your partner would develop a thorough case that is used all year long to advocate for that plan and refute all arguments that opposing teams will present against it. The point of this event is to modify the case as the year goes to make it better and better. There was one year that me and my partner were competing in states for our speech and debate league. We were doing incredibly well and had been winning round after round. It then came time to the round right before finals and during this semi final round it was very close and very unsure if we had won or not. When we found out we won as a pair we also knew who we would be going against in the final round due to hearing about it from other teams. In that m...

Description: Transaction costs has to do with the changes when choosing one form of capitalist organization over another. I am currently a part of CUBE Consulting and although I have not experienced any drastic changes of that sort, I have definitely seen changes in the dynamic of the organization as a whole due to the leadership. When I first joined the organization, I did not necessarily feel like it was the family environment that I had hoped for an RSO of this size. I think part of it was due to the leadership being close to graduation at the time I had gotten into CUBE. The leadership of any organization really sets the tone for the rest of the members and I believe at the time the sense of community was lacking a little and I felt as though everyone had friend groups within CUBE that were already established. This meant that all the new members could be friends, but I was initially hoping to be more integrated into the existing community. However, the following semester, when t...

Ben Bernanke studied economics at Harvard University and got a Ph.D. from MIT after that. He was a professor at Stanford and at Princeton until he became the Chairman of the Board of Governors of the Federal Reserve System. This position was given to him based on his experience and his extensive knowledge on monetary policy and I did not know about this economist prior to this class. During the earlier stages of the banking crisis, Bernanke helped a lot by creating innovative tools to expand open market operations and prevent global depression. Bernanke's work teaches a lot about the developments in monetary policy and as the Chairman, will teach us a lot about the Federal Open Market Committee. This makes it very relevant in the sense that each organization's members bring different skill sets and have different roles in a group that allow it to function seamlessly. In this situation Ben Bernanke had a leadership role that meant that he had to think way ahead into the future ...