Journal of Monica: Uni Life
Showing posts with label Uni Life. Show all posts
Showing posts with label Uni Life. Show all posts

Saturday, October 03, 2020

What I Have Got From Economics
Saturday, October 03, 20201 Comments
All economics course will teach us the fundamentals we need to decipher the graphs we may associate with a typical economics course, as well as the media to develop our successful business strategy. But, how can we know if studying economics is right for us? 

    If you’re asking yourself the same question like me, consider the learning outcomes of various economics programs and how they compare to our personal and professional goals. At its core, economics is the study of how our self as individuals, groups, and nations manage and use resources. Students like me who choose to study economics not only gain the skills needed to understand markets in complex words, but come away with strong analytical and problem-solving skills, as well as business acumen necessary to succeed in the professional world. A lot of people asked me, why do i take economic major? Do i want to be a businessman? Nah, In fact, economics can be useful for professionals in all industries, not just in business.

    Here’s a look at five of the top advantages of studying economics and how it can benefit both our organization and career life. There are a lot of things that we can gat from economics. Now I am going to explain one by one, the benefits that I got from economy.

First, the very basic things that I got from learning economics is some new vocabularies. By studying economy, I can expand my vocabularies. Whether it’s scarcity (limited resources), opportunity cost (what must be given up to obtain something else), or equilibrium (the price at which demand equals supply), an economics course give us a fluency in fundamental terms needed to understand how markets work. Even if I don’t use these words often in my current role, studying these economic terms give me a better understanding of market dynamics as a whole and how they apply to my organization. But besides that, Economics isn’t just learning a fancy set of words, it’s actually using them to develop a viable business strategy. When we understand these terms, we can use theories and frameworks like Porter’s Five Forces and SWOT analyses to assess situations and make a variety of economic decisions for our organization, like whether to pursue a bundled or unbundled pricing model, or the best ways to maximize revenues.

Second, by economics, Im able to get to know about my spending habits. Economics teach us about how our organization and its market behaves, but we’ll also gain insight into our own spending habits and values. For example, Willingness to Pay (WTP) is the maximum amount we willing to pay for a good or service. There’s frequently a gap between hypothetical and actual WTP, and learning about it will help us decode our own behavior and enable us to make economically sound decisions. 

    I used the concepts I learned in Economics for Managers to maximize my allowance given by my parents as effective as I could. I manage all the expenses that I have such as daily necessities expenses, food expenses, transportation, and other petty expenses. I also hedged the use of my money by limiting the amount of money that I should spend my comparing. When I buy, I looked for the cheapest one but still meet my need. Thats how I manage my allowance by the concept of Economic for Managers.

Third, Economics make me think out of the box. Economics it’s not only a demand curve. It’s basically more than that. Many people think of economics as just curves, models, and relationships, but in reality, economics is much more nuanced. Much of economic theory is based on assumptions of how people behave rationally, but it’s important to know what to do when those assumptions fail. Learning about cognitive biases that affect our economic decision-making processes arms us with the tools to predict human behavior in the real world, whether people act rationally or irrationally.

Last but not least, Economics teach me how to leverage economic tools. Learning economic theory is one thing, but developing the tools to make business decisions is another. Economics teach me the basics and also give me concrete tools for analysis. For example, conjoint analysis is a statistical approach to measuring consumer demand for specific product features. This tool will allow us to get at the surprisingly complicated feature versus price tradeoffs that consumers make every day. For example, pretend we work for Apple Inc. and we want to know what part of the iPhone we should improve: Battery life, screen size, or camera. A conjoint analysis will let us know which improvements customers care about and which are worth the company’s time and money. This is where the funnest part of economics in my opinion. Beside conjoint of course there are still a lot of way of economics analysis that could help us to accomplish our job.


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Thursday, July 02, 2020

10 Principles of Economics - Implementation in My Life
Thursday, July 02, 20200 Comments

When we talk about a list of economic principles, this most commonly refers to Gregory Mankiw’s “Ten Principles of Economics.” The list is a set of principles about the way economics should work. The 10 principles are divided into three categories: decisions people make, the work of the economy as a whole and people interactions. 10 principles of economy is the very basic principle that can be applied in our daily life from all ages, even for student like me.

This time, I’m going to elaborate the 10 principles of economics decision making, how it improve my decision making.


With Economy, it become easier for me to decide what am I going to take to reach my goals. I believe everyone in this world has their own goals. We all have it. Something that want to achieve before some period of time. We also have our own different way to achieve it. Some people who likes to challenges themselves will choose to take harder path, while some risk-averse person would avoid that. Making decisions requires trading-off one goal against another.

For example like one of my goals, presumably, is to obtain a well-rounded liberal education. Taking Double Degree in China is one of the means I have chosen to that end. This also implies subsidiary means-ends relationships. Suppose one of my goals is “passing double degree.” Reading the textbook, listening to the teacher, individual study, doing the assignments, coming to class, and visiting the peer tutor are means to that end. But, it has to be done effectively and efficiently in order to reach my goals just in time.


Since we all do tradeoffs, people would normally would seek cost and benefits that their action going to incur. For every action that we do, one has to sacrifice something. To get something one has to sacrifice other thing. For example, a country can spend its maximum resources for its defense but at the same time, it has to sacrifice the maximum spending for the country welfare. A society also faces tradeoffs between the Efficiency and Equity. The government generally tax rich people so that it can get the money from them and use it for the welfare of the poor people; this brings the equity but reduced the efficiency. This is called Opportunity cost.

With economy, I am able to decide which one that I should willing to give up in order to reach something. I learn how to make decision that is going to lead who will I be in the future. Taking one example that I have experienced, Now I come to China to do study and reach my double degree program. It simply means that I have to leave Indonesia and of course, spend a huge amount of money and time. My opportunity cost is money and time, which I had given up for the my double degree program.


People make trade-offs. Economic analysis is incremental: when we make decisions, we will compare the costs and benefits of a little bit more or a little bit less of something. We don’t usually make sweeping categorical decisions about what is good or what is bad. I generally won’t decide that studying economics is Always Good (otherwise, I would study economics 24 hours a day) or Always Bad (otherwise, I would not study economics at all). I will compare, for example, the cost of an additional evening spent studying International Economy subject to the benefit of and additional evening studying accounting.

Generally, people will do everything for which the marginal benefit exceeds the marginal cost and nothing for which the marginal cost exceeds the marginal benefit. The decisions we should make ultimately depend on our goals and values. Economics as such cannot tell us whether we should spend the next minute, the next hour, or the next day studying economics, studying physics, updating our Facebook page, or sleeping, but it can tell us that we’re making a trade-off. One always does small changes in their plan of action to achieve maximum benefits from the process. This small change known as the marginal changes as it take place around edges.

10 Principles of Economics - Implementation in My Life | RsJournal
Nanjing Xiaozhuang University

For example, I was going to Atma Jaya University in Indonesia, and then there was an offer from my international office that Nanjing Xiaozhuang university has double degree program. I was interested at the time, but I wasn’t directly make the decision to join the double degree program instead doing my research about the university first. When I do research, here’s what I found when join the double degree program:
Benefits for taking double degree:
  • If I join double degree, I got 2 degrees.
  • Besides have two degrees, I also get more experience, not only study in China but also life in China, be able to get to know about the country, the culture, habits and many more.
  • If we are smart enough to manage money, the living cost in china could be lower than in Indonesia, especially in my province, Yogyakarta.
  • I also found out that the cost in Nanjing Xiaozhuang University is way more cheap than in my former university. Let say that in my base university, in a year I should pay the tuition fee of Rp. 30.000.000,00 or RMB. 15.000, while in Nanjing Xiaozhuang I only need to pay RMB 4000, covered up by the government scholarship.
Considering the research that found, I think I will gain the most If I take double degree program instead of just staying in my former university. The thing that I actually consider the most is the degree and also for additional, the scholarship. I think this is a good opportunity to me and it would be waste if I did not take it. Final decision: I choose what benefits me the most, that is taking double degree program in Nanjing Xiaozhuang University.


Incentives motivate people to do action. We will do more of something as the cost falls, and we will do less of it as the cost rises, just like the law of demand. Similarly, we will try to supply more of something that gets more remunerative and less of something that gets less remunerative just like the law of supply. Prices are some of the most important incentives in economics. The price is the number of money that have to be traded for something (RMB 15 for a cup of coffee, for example). Market prices emerge from the interactions of buyers and sellers.

Behaviours of any person or firm changes according to the environmental variables like benefits or cost changes. For example: If the cost of the orange increases then the consumer will shift towards apples, as cost of orange is high. In this principle, I learn that in order to use money efficiently. Christmas in one day in the entire year, that is on December 25th. During this day, people are expected to eat pork. To add to this tradition, it is a national holiday for Christians in my country. As we can imagine, the demand for Christmas traditional meal; pork, increases drastically before Christmas.
Source: Google
Before and after Christmas (D1), people who demanded pork wanted it for a normal meal. The demand was not particularly elastic nor inelastic. On Christmas day (or a few days before), demand for pork increases (D2). People now want pork for their meal, no matter the price. In addition to the increase in demand, demand becomes inelastic. With this shift in demand to the right, the price for pork increases drastically, as well as the quantity demanded.

For some people, changes in price doesn’t really matter as long as they can get what they want. But also, for some people of course this is such a problem. With the same amount of money why can’t we get the same quantity?. Then, how to overcome this problem?. The answer is simple. Find the substitution for pork. On Christmas people eat pork, but when we think the price is out of logic, we can substitute pork with another meat, such as cow’s meat, or maybe chicken because the demand is remain stabile and the price of the cow and chicken is not increasing.


Trade is a kind of voluntary cooperation, and it makes us wealthier. This happens in two ways. First, we know that since people act, they will only do things if they expect it to make them better off. If I trade RMB250 for a ticket to see the Eric Chou concert, I infer that it is because I expect to prefer the concert to anything else I could have done with the RMB250. This is not to say that people won’t make mistakes from time to time—we have all rented a terrible movie or ordered something at a restaurant that we didn’t like—but in general, trade will make us better off. The second way trade makes us better off is by increasing our productivity.

According to the law of comparative advantage, when people specialize and trade, they can produce more output with the same inputs. Similarly, they can produce the same outputs with fewer inputs. In either case, people have more resources with which to attain their goals. This has an important implication that echoes a thought originally expressed by Adam Smith: people are more likely to help you achieve your goals if you help them achieve theirs


Market Economy is the concept where a centralized judgment planner is substituted by judgement of millions of households and firms. The place where the households and firm can communicate with each other for services and goods is known as market and it is taken place under the influence of the price and self-interest, which helps them to take decision. For example: Taxes that impose by the government always change the goods price and decision of producer and consumers. Individuals and firms that operate in a market economy respond to prices and thereby act as if guided by an “invisible hand” which leads the market to allocate resources efficiently.

For example, if there is an oversupply of wheat on the world market then individual farmers will lower the price they charge until they can sell all of their wheat. Lower wheat prices will also likely reduce the total quantity of wheat that farmers decide to produce. Market prices are able to adjust to equate supply and demand without the need for any central planning.


When a market fails to distribute the resources efficiently, it is known as market failure, which decreases efficiency. Government impose some rules to improve the market. Sometimes a market may fail to allocate resources efficiently, and government regulation can be used to improve the outcome. Market failures can occur due to the existence of public goods, monopolies and externalities. For example, an electricity supplier might have a monopoly. Government regulation may be required to ensure that the supplier does not abuse its market power. Government actually helps the market to improved better.

When talking about it, we also talking about the other benefits that given from the government, that is Scholarship. I think education is very expensive. In Indonesia there are a lot of scholarship offers in order to make a well educated country. Those who are smart and handwork student, and also has full of achievement can go to university for free. This indirectly benefits two side, the market itself that is the university because they get some smart and hard work student, while the student doesn’t need to pay the tuition fee for the university.


The living standard in the country is depends upon the country producing capacity. In country where, more goods and service are produced in a unit time their standard of living is high as compared to the people with less productivity. Living standard of China is not really different with Indonesia, even thought we still see some price gap for the necessity product that sell internationally like shampoo, soap, food and so on.

In Indonesia, the an international brand of shampoo’s price could be like Rp.40,000.00 or RMB 19, but in China, the exact same brand, size and characteristic of shampoo could be sell at RMB 50. That’s what the price different of necessity product. But for daily meal, local product, and everything that made in China, its very cheap!. Really cheap. Since I come to China I decided to use all made in china product because the price is lower, yet the quality is not bad.


Inflation is the state in which the price level increases in the economy. Inflation occurs when the supply of the money, which is under the hood of government, increased drastically in compare to the accessibility of services and goods in the markets. When the government produce high quantity of nation’s money, than it has loose its value. the quantity of money increases and each unit of money therefore becomes less valuable. As a result, more money is required to buy goods and services. To solve this such a problem, government usually create Bonds. It basically some kind like a piece of paper than written the amount of money and the interest rate. So we buy the ownership of the paper and they got our money. What’s the benefit then? The benefit for us the buyer is the interest rate, and the benefit from the government is to reduce the amount of money that flows too much.

Decision making also occurred when inflation happen. When interest rate increase in bank, it will be better to save money on bank. People become more interested to invest the money on bank, rather than only keep it in their wallet. Then, the decision occurs whether to only keep the money on their wallet (which is resulted in no gain at all) or to deposits the money to the bank, which will benefit them interest rate.


Reducing inflation often causes a temporary rise in unemployment. This tradeoff is the key to understanding the short-run effects of changes in taxes, government spending and monetary policy. Policy that are making, to reduce the inflation led to increase in unemployment and policy to reduce unemployment led to increase in inflation this properly describe in Philip curve. This concept ends in 1970 when inflation and unemployment co-existed at their maximum peak. The relationship between the inflation and unemployment is temporary.

Heyne, Paul. 2012. Way Of Thinking.12e. Pearson.

Rs 2020.

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Friday, January 25, 2019

Dear My AADC Squad.....
Friday, January 25, 2019 2 Comments

“How many slams in an old screen door? Depends how loud you shut it. How many slices in a bread? Depends how thin you cut it. How much good inside a day? Depends how good you live ’em. How much love inside a friend? Depends how much you give ’em.”
– Shel Silverstein

Like what i said on my previous blog, every semester me and my uni-friends plan some short holiday to refresh our brain from all the bullshit things we got in our uni. And the good news is, it is no longer only me, Danni, and Dona who's going to spend this 4th semester holiday but also my other friends, Luhade and Aveee! Yay. AADC Squad is here (minus Intan and Anno).

Actually, the purpose of this post is nothing but to give gratitude for all my friends because of all the things that we've been through together ever since our first time come to UAJY. Thank you for being my silly-uni Friends; i definitely need you guys to help me through the day in uni life. i cannot imagine how my university life would be without these bunch of people, really. Even though soon i will be no longer with you guys, ALWAYS keep in mind that we are squad, no matter what. If you guys read this (which is somehow impossible) i just wanted you guys to know that i love u and im sorry for being such an anger... u guys know me, rite? hehehe. That's all i guess. See you on top, AADC!

 “I cannot even imagine where I would be today were it not for that handful of friends who have given me a heart full of joy. Let’s face it, friends make life a lot more fun.” – Charles R. Swindoll

RS2019. All Right Reserved.
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Friday, February 09, 2018

Vision, Mission, Goals, and Function in Pancasila Education
Friday, February 09, 20180 Comments

So this is exactly my college assigment (Tugas kuliah saya) hehehe.

Pancasila is the ideological basis for the country of Indonesia. Pancasila as the foundation of Indonesia is fundamental in the life of the nation and state in Indonesia, especially for the young generation as the future of the nation in the future. Pancasila consists of two words from Sanskrit: Panca means five and Sila means principle or principles. Pancasila is a formula and guidelines for national and state life for all people of Indonesia.
Vision states an ambition of individuals or organizations to achieve something in the future.
The vision in Pancasila education is to lead all the students to understand the values of Pancasila and apply it in daily life, not only verbally said but contextually implemented in the social life. Learning Pancasila Education is also helping students to develop their democratic attitudes and students self-Sustainability.
Pancasila Education also has several missions. The missions in Pancasila education are:

  1. To help students to be able to actualize the basic values of Pancasila. The basic values here are the values of Pancasila, which is the value of divinity, the value of humanity, the value of unity, the value of democracy and the value of justice.
  2. Growing awareness by knowing the values of Pancasila, awareness of living in a nation and in applying their knowledge in a responsible manner to humanity. Students can keep their attitude and act in a good manner to represent the good behavior of Indonesian people.
  3. Pancasila education grows moral responsibility. With the education of Pancasila, it can be actualized the basic values, awareness, attitude and behavior based on Pancasila.

The purpose of education is defined as a set of intellectual actions that are full of responsibilities oriented to the competence of students in their respective professions. The competence of Pancasila education learning is a set of intellectual actions, full of responsibilities as a citizen in solving various problems in the life of society, nation and state by underpinning the mindset based on the values of Pancasila. This behavior will be reflected in the skills, accuracy and success in action, while the responsible act will be shown as the truth of action seen from the aspects of technological science, ethics and propriety in religion and culture. The aim of Pancasila Education is also to direct moral attention which is expected to be realized in everyday life, embodied in behavior that exudes faith against God Almighty. In societies that have many religions, cultures, ethnicities, interests and customs or pluralism, always prioritize mutual needs above personal needs or groups so that differences of principle can be directed to the behaviors that support the realization of social justice for all Indonesians.

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Saturday, December 09, 2017

NGAMPUS LIFE: Baru dalam dunia Perkuliahan
Saturday, December 09, 20170 Comments
Universitas Atma Jaya Yogyakarta
Jogja Istimewa X St. Antonius Kota Baru

Happy December Everyoneee!!! so excited for christmas, Right?
   Sudah lama sekali nih aku nggak nulis! Maklum lah, sekarang udah bukan bocah SMA lagi. Kuliah, kuliah, kuliah. Emang sih, kata orang kuliah itu santai, dosennya nggak terlalu peduli, ga terlalu banyak tugas, dan datang dan pergi gitu aja. aku emang setuju dengan ini. Tapi masalahnya, gimana kalau ke-santai-an dan keseloan ini jadi bikin kita tambah bego dan makin gak ngurusin kuliah? 

Oh ya, sebelum ngomong lebih banyak, aku mau memperkenalkan jurusanku. Aku ngambil jurusan IBM A.K.A International Business Management Program, atau bisa juga dibilang Manajemen Internasional or Business International (whatever sounds right to you hehe).
   IBMP emang hampir sama dengan jurusan bisnis ataupun manajemen pada umumnya, bedanya IBMP lebih membahas tentang ekonomi secara global, plus only use english language and plus experience to study abroad at least 1 semester. Jurusan ini emang masih jarang di Indonesia dan hanya beberapa universitas aja yang punya prodi ini dan i decided to choose IBMP di Universitas Atma Jaya Yogyakarta. Lanjut ke university life, banyak banget hal sepele yang bisa buat kita jungkir balik di dunia perkuliahan; jadi kalau kita nggak me-manage kuliah kita dengan baik, kita bisa aja fail bahkan di semester awal sekaligus. Berikut ini hal-hal yang menurut aku bisa kita alamin di kuliah, baik yang positif maupun negatif.

1. Santai, tapi nggak juga

emang kuliah itu santai. Misalnya nih ya, kamu newbie (kayak aku) dan baru ngambil 19sks, estimasinya itu sekitar 7 makul, dan kamu kuliah nggak full day kayak di SMA ataupun SMP. Kuliah itu cuma dari senin sampai jumat, kecuali kamu punya kelas pengganti di hari sabtu. 7 makul selama seminggu itu dikit gengs. Jadi kita pasti bakalan bisa jadi mahasiswa kupu-kupu alias kuliah pulang kuliah pulang. Tapiiii, eits, ada tapinya. Walaupun santai, kalau sekali dapet tugas, pasti bikin mumet. Bikin artikel lah, bikin ppt terus di presentasiin lah, survey dll. Dan sekali kamu nggak ngerjain tu tugas ataupun ga dateng pas presentasi, youre dead. Tamat. The end. There's no excuses (tapi tergantung dosennya juga sih, biasanya). Tugas itu merupakan alternatif untuk nambah-nambah point untuk ngejar ip tinggi.

2. Jadilah mahasiswa yang aktif gengss!

Just in case kalo kalian ngalamin kejadian kayak yang no. 1 yaitu nggak kerja tugas atau nggak hadir pas presentasi dsb, langkah nomor 2 ini mungkin bisa membantu. Be active guys! Kalo kamu aktif biasanya dosen bakalan ngasih point tambahan dan itu sangat sangat membantu. I have a funny storyy! Jadi ceritanya ada mata kuliah Macroeconomic dan diampu dosen x. Beliau sangaatttt sangattt kritis dan nanya-nanya tiap hari, yang ga bisa jawab dikasih point minus dan yang bisa jawab dapat plus. Karena aku emang dasarnya pemalas, di awal-awal semester dua aku ga pernah bisa jawab pertanyaan apalagi dapat point tambahan, sumpah aku sampah banget disini. Karena makin lama makin takut dapet C, aku mulai aktif literally di 2 minggu terakhir. SUMPAH GA BOONG, 2 MINGGU TERAKHIR. Tiap dia ngasih pertanyaan aku angkat tangan mulu, dan karena beliau suka saling berdebat dan berargumen sama kayak aku, ya tak jabanin aja hahaha. dan gengs guess what, usahaku di detik-detik terakhir membuahkan hasil. Pas lihat nilai ternyata dapet A HAHAHHAHAAA. Thats the trick guys. Kalo mau nilainya bagus, just be active no matter when.

3. Dapet dosen auto di kampus

Paling beruntung itu kalo dapet dosen yang auto-nilai di kampus. Kamu nggak perlu ngapa-ngapain nilaimu udah pasti dikasih yang bagus. Contohnya nih, ada dosen auto-B atau auto-A di kampus. Jadi biarpun pas ujian nilaimu anjlok, kamu ga bakalan dapet hasil jelek (mis. C atau D) karena dia auto. Asik nggak tuh?

4. Ikut banyak kegiatan kampus

Yap, benar sekali. Di setiap universitas kita pasti disuruh setidaknya mengikuti beberapa kegiatan mahasiswa (aktif) dan mengumpulkan poin. Kalo di UAJY sih disebut spama. Jadi mahasiswa diwajibkan ngumpulin poin spama paling sedikit 60pts sebagai syarat kelulusan. Jadi caranya dapet point adalah dengan ngikutin kegiatan-kegiatan kampus maupun baksos, misalnya ikut retret, pembekalan, donor darah, ikut seminar, berorganisasi maupun ikut lomba. Semua kegiatan itu diupahkan points buat kita kumpul. Kalo aku sih ikut organisasi HMPSM UAJY, masuk divisi DKV. Pokoknya nih gengs, kita harus ngumpulin point itu kalau nggak kelulusan kita bisa tertunda. Ngeri nggak sih?

Yap, jadi baru segitu aja sih yang aku dapet seputaran kuliah, berhubung aku juga masih newbie. Jika kalian merasa punya pengalaman menarik/ tips dalam menjalani kuliah, teman-teman bisa share dibawah sini, saling sharing bersama yaw seputar dunia perkuliahan. Sekian dulu blog akuww, sampai ketemu di artikel selanjutnyaaa!! <3
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