Opportunity cost, English is: opportunity cost, noun, uncountable. Refers to the cost of giving up another investment when making one investment. The difference between choosing investment and giving up investment is the cost of possible income. Simply put, it can be understood as the income that can be obtained in other uses after a certain resource is put into one use. For example, the income from treasury bonds is 5% and the income from investing in stocks is 8%, so the opportunity cost of giving up treasury bonds investment is 3%, that is, 8%-5% = 3%.
Opportunity cost of going to college
After a brief understanding of the meaning of opportunity cost, we enter the topic of "opportunity cost of university study" assigned by the teacher. It is a very common problem faced by young people in China at present, which mainly stems from the traditional imperial examination system for selecting talents in China for thousands of years. In our country, many families and individuals, even in our country, realize that university education is of great help to young people's future career and success. Objectively speaking, while attacking the university system we are studying today, we have to admit its role in the success of our future career. It is not a problem for a college student from at least one famous university to find a job, and it is relatively easy for him to obtain a higher social status in society. According to the meaning of opportunity cost, we know that during the four years of choosing a university to study, we gave up the opportunity to gain wealth and status in society. And this opportunity to gain wealth and social status is the opportunity cost of our university education.
No matter what you do, you have to pay a certain amount, so going to college will also cost you. The cost of a person's college education should include two kinds, one is direct cost, that is, tuition and fees during college, and the other is opportunity cost. As a college student, I certainly know the opportunity cost of college education, but I think it is worthwhile and necessary to pay this opportunity cost.
Maybe some college students will say that it is useless to go to college. I don't think this idea is correct. Obviously, these people have a feeling of "selling well after getting cheap". Just as they complain that universities have buried their talents and wasted their youth, they desperately use their academic qualifications to find a good way out when they are employed. So I think most college students still appreciate investing in universities.
Going to college means giving up something. For example, instead of going to college, we can do other things. For example, join the army, run a small business, be an actor and so on. However, the opportunity cost that we may lose when going to college is the tempering of your character and physical fitness brought by your military career, or the wealth and experience that you can exercise by operating independently, or the popularity that actors may gain. However, if we go to college, then we will have the opportunity for further study and a platform to improve our own quality. You can meet more lovely and smart students and provide a guarantee for future employment. It took us four years or more to get what I thought was worth it. The opportunity cost we need to pay here is the choice we make when preparing for the college entrance examination.
At this moment, what I should consider is how to make my four-year college life more meaningful, instead of burying my head in complaining about the opportunity cost of these four years. Payment has become a reality. How to minimize the loss and how to maximize the investment advantage of studying in university is the most important thing at present. I decided to use the precious time of the university to learn professional knowledge, get the CET-4 and CET-6 certificates, and take some professional-related certificates when time and experience allow. Take advantage of winter and summer vacations to go out for internship, exercise your practical ability and prepare for graduation and job hunting.
The old man said that the most precious thing in life is youth, and now we are betting our future with youth. Everyone's youth is equal, but after youth, different people will have different results. Now that I have given up the money and reputation that I may gain in the society during the period of 65438-23, I will choose to invest in universities, so I will not regret my decision. I believe my choice is correct, and I will go on as always. In other words, no matter how confused and difficult the road ahead is, I will go through thick and thin.