In this semester, this class leaves me a deep impression and changes my view of economics. I learn economics from three themes, which are consumers theory, producer theory and market. From learning in the class, I learn economics is very related to our life. I can use the knowledge into almost everywhere in my life.
Also, the research project is a whole new experience to me. I never did an economic research project. After I finish this project, I learn how to do a survey and how to interview people. I also learn how to find information online and do a great presentation in class. The most important thing is that I have the greatest group members and I enjoy working together to finish this project.
The most important thing is that this class really changes my view of economics. I enjoy the class time because of our instructor’s teaching style. Sunshine creates a comfortable learning environment and everyone can participate in the class. Although this class is at 8 A.M. in the morning, I would like to go to class to learn.
Sunshine also encourage a lot of students like me to step on brave ideas that might win Nobel prize one day and to contribute our own ideas that could benefit lots of people. In the future, I would like to continue to think further how economic is related to our real life as Sunshine always encourages us to think about it.
As a business student, connecting knowledge with real life could help me understand better about specific knowledge. Thanks to Sunshine, I develop a habit that connecting my major with real life.
My experience this Spring has been nothing short of enlightening. Initially, waking up on Tuesdays and Thursdays at 8 A.M. was not ideal but over time, I came to not only appreciate the class but also Luyao who was always cheerful and ready to tackle economic problems. Concepts that I’ve learned in this class such as sunk costs, marginal rate of substitution, various curves, income effect, utility, consumer theory, producer theory, equilibrium, and efficiency, have all helped to change the way I thought about economics before taking this class. Now everything I do; I can see a part of economics in it. I learned that while supply and demand are the cornerstones of economics, there are far more aspects of economics that can still be delved into.
This class has taught me to see economics in an inspiring way and helped me to remove the stereotypical connotations associated with the subject matter. Doing this research paper and looking at it from an economic standpoint, has given me invaluable skills that will help me far beyond the walls of economics. I can now assess an environment, test various assumptions, pick out the reasonable ones, analyze my results, and make lasting conclusions based on those results, all thanks to this class.
Last semester, I took standard microeconomics. At that time, I did not feel that economy covers some professional knowledge in other fields. I always think that economy is “economy”, just one single and independent subject. Yet, after having this class, when I learn more and know more about deeper and more professional analysis, I can understand that saying: as an economist, he must be mathematician, historian, statesman, philosopher in some degree. Because economy is so tolerant. For example, when I start to learn “loss aversion”, I’ll just see these two cold words just consist of one boring term. But after teachers and other classmates give us some realistic examples of loss aversion, I find out that this is also kind of psychological phenomenon, and even it happens on me!
From that, I gradually feel like that economy is no more boring terms and broad concepts on textbooks, but something I can easily get touched with. From this class, I get a whole new angle to see the things happened on me and a new cognition about economy.
I would like to first start by saying that you did a wonderful job this Spring, Luyao. I thought it was funny when you said we could call you “Sunshine” on the first day, but day by day I understood why. You really are a bright and vibrant soul. This Spring you taught me a lot about the preferences and decision making of both consumers and firms. What I have learned has changed my thinking in my daily life and how I make decisions on how to use my time to maximize my utility and happiness with my limited resources.
You always said throughout the semester that economics is a “way of thinking”, which I now completely agree with. The more I learn about economics, the more I find myself thinking in terms of economics when I have to make a decision. Such decisions that pertain to economics include simple things like trying to get the cheapest bundle of goods at the grocery store, or how many hours I should work at my job. Economics is going to help me in the future to make smart and sounds decisions when it comes to managing my money and happiness, and I plan to immerse myself farther into it as I grow older.
Thanks for a great semester, Luyao. Have an amazing Summer!
Remind of the beginning of this semester, I was very nervous about this course. I thought that I would learn so many things and remember them. However, after I had attended this class several times, I found that I really enjoyed this course maybe because of the way teacher taught. During this period, I began to “think about” economics instead of remembering knowledge.
During the spring break, I went to Los Angeles and visited Universal Studio. In the afternoon, I took the 3D ride about Minion Mayhem. After we finished the ride, there was a shop about the Minions. It is a good method to sell the products because when people finished taking ride, they might be interested in the goods that related to the theme they had played. This is because we attached emotional utility to the products.
In my future, due to the effect of this course, I will think about in the economic ways.
My experience this spring for microeconomics has changed how I view everyday tasks and thinking. Before this class I never really thought about economics outside of class. It’s amazing to me how we always use economics nearly every day, but just don’t realize it. This class as taught me to think in new ways, economically speaking. I can’t wait to continue using the lessons I learned and continue digging deeper for more knowledge to understand the world of economics better.
After taking this class in this Spring, I’ve learned to observe the world from a totally different perspective. Everything happening in life have some connections with economics. And I can explain realistic phenomenon more analytically using what I have learnt in class. For example, when I traveled in Puerto Rico in Spring Break. I saw different prices for different kinds of rooms. Why did hotel just build room with same standard? After learning economics in this class, I could say that it is because of price discrimination. When a firm knows a customer’s willingness to pay for each unit it sells, it can charge a different price for each unit in order to maximize its profits.
After this class, Economics is not just rigid philosophy printed on the paper any more. It penetrates into our daily life. For future, these economic philosophies can keep helping me understand the world deeper and better.
This class has taught me a whole lot this semester and this was one of the most interesting research projects I have ever been a part of. It was an eye-opening experience to see how sometimes your most basic assumptions are totally incorrect when you actually look at the data. I learned that seasonal changes have virtually no effect on an industry that I assumed would be drastically different from season to season.
This project really hit home being that I live so close to one of the fashion capitals of the world in Manhattan. It also changed the way I view those who work in the industry. I always assumed the most important roles within a fashion company were the designers. But in order to maximize profits, the most important factors are those who market and release the clothing lines because they are the ones paying attention to consumers habits and everything revolves around them.
This class has taught me so much more than economics. I recall an experience where my group and I were brainstorming ideas for our presentation. We must’ve had over twenty ideas. During this process, I kept thinking, “Look around. Economics is at use everywhere.” That is what I believe the beauty of economics. Everywhere I go now, I dissect somethings contributions to the economics of a person, business, etc. This class gave me the tool sand ideas to analyze all data ranging from aggregate supply to Pigouvian subsidization. I will most definitely take the tools I’ve learned in this class and apply it to real-life economics.
I had a great time in the class this semester. Everything I learned in class changed my view about economics because I realized just how applicable economics is in the world. Whether it is a perfectly competitive market, price discrimination or tariffs, economics truly influences everything around me. This has changed my way of thinking because I understand now why certain events happen in the world, due to the law of supply and demand or other fundamental economic principles discussed during class.
This class also changed my way of thinking because I learned how to ask research questions and write a research paper. I learned that every question I have about life might be looked at through the point of a research perspective. I also learned that I really do enjoy research. I hope to use the knowledge from this class to my benefit in the future. I now understand how economics works behind simple, every day market transactions and can hopefully pass on and explain this knowledge to my friends and family. I also hope to use everything I learned in this class for if I conduct research studies or write research papers any time in the future.
This is by far the most beneficial economics class I have ever taken. Previous classes certainly taught me the basics of economics but with the feel of learning useless information. By being forced to sift through U.S. statistics and read articles about NAFTA I could put my learning into action. Not only could I now hold a very intelligent conversation about NAFTA, but I could argue what I believe the U.S. should put into place. This project showed me that I can understand current events at a level I was completely unaware of. I always considered a minor in economics but am now firmly decided on it after this class. There is a certain element to taking learning outside of the classroom. NAFTA was almost an anomaly to me before this project, but I now firmly understand it.
A huge takeaway for me is also how important other countries are to the U.S. economy. I am very interested in working for a global company like EY or PWC after graduation. This project showed me how vital foreign markets are and how huge international business is. We also have a very diverse classroom and it was very interesting hearing idea sand working with people that I have previously had very little interaction with. Without compassion for other people, ideas would be lost: it was awesome to talk and think with students outside of the constrained textbook. At the end of the day this project excites me to keep up with current events. To me that is very important because I will be a much more knowledgeable voter that can think for myself, and challenge the ideas of politicians that are often too easily believed by their voters.
Good evening. I believe you are a gifted, articulate, smart, compassionate person that connects with your students at the soul level.
Good morning. Thank you for your very kind note. Yes, excited to open a new chapter in my life, with the hope and trust that our Lord will continue to guide my steps in this journey.
I look forward to a great class and new learning. I can't wait to see you, also!
Have a great day!
I just wanted to say thank you for sharing your own personal trials in tribulations in your academic journey. Having lost my mother 13 days ago plus failing miserably in the micro test added additional fuel to the grief I am currently enduring. To see you carry yourself with such grace in the face of a challenge gives me hope...and hope is all we need to take the next step.
Thank you for sharing your story and for being you. Please know you are appreciated.
Luyao has been my absolute favorite educator that I have ever had the privilege of having, between 12 years at Loveland HS (CIN) and 3 years at UCincinnati. ECON 4400 has a formidable reputation and as a non-traditional student at 28, who has only been in one math class in the last 5 years (stat 1430 in spring), I was intimidated going in. It was refreshing to meet an instructor who had an infectiously happy personality to reassure her students that we had nothing to be afraid of and that we were going to be excellent. Positive affirmations aren't given enough in a world where most things get taken for granted. They go a much longer way than what may be noticed on the surface. I don't want to focus too much on the lucky bonus that is her demeanor because her exceptional professionalism and work ethic are something to behold!
Every single email reply by her was lightning. Most times less than 5 minutes, even later into evening! I thought at points she may have been a cyborg! In a class as scary as this one, it was reassuring to know that you had someone to help close by, who genuinely cared about your success. It was very apparent the amount of effort and time spent in her preparation of the materials. There was so much efficiency in her presentation of the materials that I didn't even have to reference the book once. The expectations every week were very clear and very fair. She also provided structure and routine that made the learning very efficient. She was committed to making us get our hands dirty every single week in STATA, so that we could EFFECTIVELY and legitimately develop a working knowledge; so much so that i can confidently list it as my first business software skill on a resume. I feel incredibly proud of this fact, as I have spent my entire life doing masonry and general construction work and desperately need to develop my business skills. The way that she engaged the class and got everyone involved kept the lectures fresh. Her unrelenting smile and optimism really lightened the feel of a challenging environment of learning completely new and difficult material.
She encouraged me to feel comfortable in verbally responding to critical thinking questions when I wasn't sure if I was correct. This is another invaluable quality she possesses that makes her a great EDUCATOR not just a mere conveyor of material. My girlfriend of 2 years is an intervention specialist and gen-ed high school teacher and we have spoken about Luyao's skills and technique and she agrees with my analysis. Furthermore, she emphasized how rare it is in the education field to have that type of personality (and work ethic) that fosters a safe environment for students to engage their learning and not be afraid of challenging concepts.
She shared aspects of the culture in China as well as insight into what it entails to be an economist in academia. I am an econ major who routinely listens to econ podcasts like Freakonomics and planet money and learning the concepts of the research that is routinely discussed has brought much utility for my personal life. As a lifelong, enduring skeptic, I feel better prepared to effectively use basic econometrics/stats to bolster my claims and interpretations of other’s.
The knowledge and use of Stats has done more to grow my intellectual development than any other means. I feel immensely lucky that I had such an effective, inspiring and motivating educator to lend her talents to my development. I just can't say enough about her.
My biggest fear is that my high praise doesn't appear inflated as I can assure you with the utmost conviction, that it is undoubtedly true. OSU and the economics department are exceptionally lucky to have such a remarkable asset as Luyao!
To whom it may concern,
I took the course Econ4400 instructed by Luyao Zhang in the summer semester of 2015.
As a graduate from Ohio State University, I believe that Luyao is equipped with the qualification of being a great teacher in the future.
On the top of my mind, Luyao did a good job in organizing her course schedule. She was not only able to make a very detailed and clear plan for her class, but also able to rationally assign the lecture time. For instance, in the first half of the lecture, she usually spent about one hour and a half in teaching certain knowledge, telling us how to interpret regression results, and imparting the method to use STATA. For the second half, she would leave time for students to work on STATA, which helps us deeply understand the contents she taught, enhance our practical skills, and improve our self-learning capability.
Thanks to Luyao’s successful instruction method, I find that econometrics is no longer strange to me, because I could establish model, make regression, interpret results, draw related figures through STATA on my own.I believe that the techniques learnt from this class will be applied in my PhD. period.
Furthermore, Luyao is a very kind and helpful lecturer. In particular, during the “STATA Time”, as long as students had any questions asking her for help, she never hesitated to help or provide guidance with patience regardless of how easy the question was. In addition, she also provided much useful advice (i.e. format) on how to write a good economic paper, which is really helpful to me as an econ major. Regarding the final report, she was very willing to help students check the draft. Apart from making pertinent suggestions for further improvements, she also gave me much encouragement. This writing part is very good, because it develops my ability to explain statistical results in an economic view, which is conducive to my understanding of econometrics.
To conclude, I believe that Luyao is pretty up to the position of lecturer. She is dependable, motivated, and organized. More importantly, she cares about her students and loves teaching. She can convey her passion and confidence to her students so that I become confident about this class, too. Thus, I highly recommend her for a teaching position.
Research student in University College London
Selective sweet words from my dear Students
I am so grateful to have you as my students. Your satisfaction is the greatest source of my happiness. I wish you would always follow your heart and believe in big dreams! :)