May 29, 2006 23:56
1 econ exam ti take
1 econ review ti turn in
1 prescribed title to turn in
here it is just ignore it. this is how i backup my files.
ECON
Quinn Franklin
IB Economics Hr. 4/5
Part Two
a.) A career that I wish to pursue following high school is that of a construction manager. It is a profession that I consider of great interest and one that I could see myself doing in five years, ten years, and thirty years from now. Construction management is a career that I coud settle down in because although I can become bored with something relatively easily and have a tendency to need to move on, this job does something new with ever project and posses new problems, keeping me attentive and never in the same routine.
I have been interested in construction from a young age when my mother took me to see workers building the condos next door when she was too pregnant to take me to do anything else. It has been only recently that I realized construction management is the career for me. A construction manager plans, directs, and coordinates projects
b) The average construction manager in Milwaukee earns $94,222 / year. Out of that, taxes reduce that sum to a monthly take home of $5496.28.
c.) Although not necessary, postsecondary education is becoming more and more important for construction managers who want to advance in the company that they are employed for. After doing some research, I found that there are only a handful of Universities that offer a construction management program, but the 4 year degree at the University of Washington, Seattle looked most attractive. At $19,917 tuition per year, the degree would cost an aggregate $79,668. A bachelors degree in construction management is advantageous but what employers look for is experience. "looking for candidates with 10+ years of experience, as well as some experience with institutional projects or historical renovations" -Aerotek E &E (A construction manager employer). For that reason, I am looking for an internship in construction, specifically construcion management, now so I can get familiar with the career, get experience required by many employers, and most importantly, create connections within the business.
f) A survey by the National Association of Colleges and Employers spotted construction management candidates with a bachelor's degree in the field recieved job offers averaging $42,923 a year. At that rate, presumably I would take home $3,577 a month and $2,575 after taxes. Almost all employers provide comprehensive insurance, 401ks and pensions, and many include other benefits such as company cars, paid time off, and bonuses.
Income
Monthly Gross Earnings 3577
Subtract 28% for average withholdings 1002
Monthly net income 2575
Expenses
Housing 850 Grocery Items 90
Utilities Savings 350
Medical Insurance Clothing 80
Student Loans 550 Other Credit
Misc. Expenses 130 Entertainment 70
Transportation Expenses 140 Retirement 250
Monthly expenses 2350
Annual expenses 28800
Results
Monthly net income 2575 Monthly discretionary income 115
Subtract monthly expenses 2350 Annual discretionary income 1380
g) The monthly payment for my student loans will be $487 but I plan on overpaying to a rounded $550 and if more if I can manage it. I'd like to pay it off as soon as I can.
h) In addition to the assumed 401k or 403b pension given to construction workers save a select few, I will begin saving $3000 a year for retirement, more when I recieve a pay raise, I will invest, and diversify my income.
i) I don't think that I'll mind working even though I'm eligible for retirement because this seems like a real neat job. Nonetheless, I'll say for the sake of estimation, that I'll retire at 65. At that time, I forecast that I'll have a retirement savings with a value of $328,000.
j) The profession that I have chosen is unable to become obsolete due to technology, only become easier to do. Construction management requires reasoning, decision making between options with circumstances that a computer program cannot take into account. Computer programs and simulations can make calculations easier for me to make, estimations more accurate, and the business more efficient but it cannot replace the occupation by any means. My chosen occupation is relatively stable and secure; technology advances can only help me. The only threat to my job is the fluctuations of the domestic economy and recessions in the housing market. The next decade is predicted to have continued growth in the construction field even as the housing market cools down after a period of unrivaled performance. This will allow me to get a good education and enter the field at a time of an employee's market, get a good job, experience, and make a name for myself. Then, even if the demand for people in my line of work drops, if I work hard enough, I will be one of the few still with a career.
It is very common for construction managers and project superintendents to branch off and found their own company that employs a group of construction management professions including estimators, structural, civl, material, evironmental, electric engineers, contractors, and specialty advisors. Although at the moment I don't wish to do that, I do want to break off and begin a business, but in lazer tag facilities in urban settings. I figure there is a pretty big market for that among teenagers and no supply in many areas.
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Richard Q. Franklin
Mr. Guardalabene
May 23, 2006
Theory of Knowledge Prescribed Title
Option 2
2.) It is often claimed that scientific results must be replicable. Is this possible or desirable in other Areas of Knowledge? There are things claimed as once in a life-time opportunities. Something that someone saw, an event that occured, an action performed, all things that may never happen again. People feel special to observe many of these things and actually don't want to see it again. This pertains to religion primarily. Math and many sciences, on the other hand are measurable "hard" way to know facts. Many people depend on them being things that always comes out predictably and with replicable results.
To have a full understanding of an Area of Knowledge whether it be in math, the human sciences, the arts, ethics, the natural sciences, or history, one must be able to predict a part of the question in context. For example, I believe I know art pretty well. If I mix blue and red, I can predict through empiracle reasoning that purple will be created. Knowing things is like painting. Anyone can learn the facts; that color is called blue, that one red, but very few people know how to manipulate those things to find something out for one's cause.
Scientific results must be replicable in order to prove that a hypothesis is true. If different conclusions are reached, no consensus can be made that one product or another is correct. This is common amongst most other Areas of Knowledge; things must be confirmable across an array of situations in order to be considered true. Things to come out the same every time in all Areas should not be wished, however. As is seen for the Areas of Knowing Art and Ethics, conforming products is not desirable because both of the subjects have to deal with individuals. Art's results consist of works that are dependant and varying to the artist who makes them. Those will never be the same, nor would it be good for them to be the same because even though everyone could understand the meaning, it would reveal nothing new. Art would become devalued simply because the meaning it it supposed to give the viewer would be lost and its ability to make the viewer think, lost. Therefore, art should neither be uniform and, thankfully, isn't. Ethics is an Area of Knowledge that doesn't need proofs as it is conditional to the situation and individual. Ethics is not replicable because of the infinite number of variable the field must take into account since it deals with individuals and their opinions. For example, one might think the death penalty is good, it saves future victims and lowers the cost of someone sitting in a cell for decades. Another, however, may think that the death penalty is dispicable due to the fact that it's ending life. People have different values and very rarely agree.
Math, opposingly, is similar to science in that there is very little room for different interpretations to be made. Either the right answer is reached or not. This is good for this Area of Knowledge because it it an area where when one needs to communicate something, the meaning of words isn't ambiguous and makes it easy to prove a truth or false statement.
The Human Sciences are mostly replicable, although it is exceedingly difficult to do so. The more specimens in sample there are, the more accurate, the more chance of consistent results. It would be desireable for similar results because that could unveil things about the human condition that would be both interesting and useful to planners and organizers such as architects and civil engineers. They could learn the behavior of people and make things the most efficient and useful for that cause.
History is an Area of Knowledge that is possible to have replicable results but is not desirable to have such products. Identical accounts of what happened can be compared to having a replicable scientific conclusion but they may be flawed if everyone was brought up learning the same thing and perception skewed. In this area of knowledge, it would be most desireable to have a variety of accounts of an event because then one wouldn't be influenced by one biased view but could learn the spectrum of observations and decide what seems the most truthful to oneself.
Although once in a lifetime moments can be wonderful, being able to replicate results in science as well as other Areas of Knowledge makes us more able to prove things and know them, not just guess and assume. It is a good option to have, the ability to repeat experiments and observations. Although not replicable