Of the concepts you learned this year, what do you think might be most relevant to your own future profession or daily life? How do you think you will be able to use Microeconomics in general in your college major?

Among all the topics of microeconomics, the investment analysis is the topic that would help most in deciding which career to choose in future.

Under investment analysis, a person identifies available alternatives, to achieve an objective, then evaluate those alternatives on basis of net benefits that each offers. Net benefits is excess of benefits over costs. There are number of methods and approaches to conduct investment analysis but approaches considering discounting worth of money are better than others.

Thus, a method of net present analysis or annual present worth analysis, under investment analysis, can be employed while deciding which major has to be chosen. This will involve identifying the majors which one is interested to opt from and identifying the various factors which may result in either cost or benefits of each option, such as total investment (cost) made in becoming a professional from a given major, annual salary from that profession and growth rate of it, present worth of these costs and benefits etc. One may assign weights as well to these benefits and costs. After doing all estimations, net benefit in terms of annual present worth may be find out. The major which has highest annual present worth will be chosen.