Studying. Yup. It kinda sucks. It can be frustrating. Growing is never comfortable. When you are learning a new skill, there’s always periods where you feel like you have no idea what is going on. The formula looks like a foreign language. The words on the page seem to make no sense. You’ve been reading for two hours and you realize you have no idea what you have read. You have a homework assignment that is due tomorrow and you’re pretty sure that everything on the page is wrong. You checked the number six times, and it’s still not right. Well my friends, this is the reason you joined a program. And this is not just unique to MBA programs, it’s relevant to really anything new that you are trying to learn.
We live in a society that expects instant results. We’re all doing it for the gram. Living for the likes, we’re addicted to the dopamine hits that occur from some type of interaction on an app on our phone. Our thinking is incredibly short-sighted. You see, the thing about learning something new is that unfortunately, it’s not going to be instantanious. It’s not going to give you instant gratification. It’s going to be tough. It’s going to hurt your brain. However, in the end, when you apply the concepts you have learned to your life, it can get you a much deeper satisfaction.
The satisfaction I have gained in being in an MBA program is much deeper than just one subject. It’s hard to explain, but you get this really deep level of understanding of how everything is working together. Like a coreographed dance. Learning these subjects isn’t always fun while you are in it, but for me, it has been highly rewarding.
When you have a bunch of subjects thrown at you, studying can be incredibly difficult. You can feel like you don’t know where to start. You’ve got so much to cover. You’ve got so many projects due and you have no idea how they are going to get done. Well, my friends, you’ve got to learn to study.
•Break things into chunks
•Decide a regular set schedule
•Take breaks
•No distractions during your study periods - this means no phones!
•Find a distraction
•Time block
•Pomodoro technique
Disclaimer:
The opinions and views expressed in this show are that of the host only. They do not represent their children, wives, dogs, employers, co-workers, neighbors, inlaws, friends, acquaintances, or esteemed university faculty.
All content for MBA Hole Podcast is the property of MBA Hole Podcast and is served directly from their servers
with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Studying. Yup. It kinda sucks. It can be frustrating. Growing is never comfortable. When you are learning a new skill, there’s always periods where you feel like you have no idea what is going on. The formula looks like a foreign language. The words on the page seem to make no sense. You’ve been reading for two hours and you realize you have no idea what you have read. You have a homework assignment that is due tomorrow and you’re pretty sure that everything on the page is wrong. You checked the number six times, and it’s still not right. Well my friends, this is the reason you joined a program. And this is not just unique to MBA programs, it’s relevant to really anything new that you are trying to learn.
We live in a society that expects instant results. We’re all doing it for the gram. Living for the likes, we’re addicted to the dopamine hits that occur from some type of interaction on an app on our phone. Our thinking is incredibly short-sighted. You see, the thing about learning something new is that unfortunately, it’s not going to be instantanious. It’s not going to give you instant gratification. It’s going to be tough. It’s going to hurt your brain. However, in the end, when you apply the concepts you have learned to your life, it can get you a much deeper satisfaction.
The satisfaction I have gained in being in an MBA program is much deeper than just one subject. It’s hard to explain, but you get this really deep level of understanding of how everything is working together. Like a coreographed dance. Learning these subjects isn’t always fun while you are in it, but for me, it has been highly rewarding.
When you have a bunch of subjects thrown at you, studying can be incredibly difficult. You can feel like you don’t know where to start. You’ve got so much to cover. You’ve got so many projects due and you have no idea how they are going to get done. Well, my friends, you’ve got to learn to study.
•Break things into chunks
•Decide a regular set schedule
•Take breaks
•No distractions during your study periods - this means no phones!
•Find a distraction
•Time block
•Pomodoro technique
Disclaimer:
The opinions and views expressed in this show are that of the host only. They do not represent their children, wives, dogs, employers, co-workers, neighbors, inlaws, friends, acquaintances, or esteemed university faculty.
Episode 3: Production Junction - What's Your Function?
MBA Hole Podcast
29 minutes 4 seconds
6 years ago
Episode 3: Production Junction - What's Your Function?
Episode 3 - Production Junction - What’s Your Function?
Warning! The MBA Hole podcast is not intended for children. The explicit tag is there for a reason. It is only intended for adults that are masochistic enough to consider taking on an MBA program. If you like the show, please give us a five star rating and review on apple podcasts. This helps us fool our robot business overlords that we are, in fact, more important than we actually are. Follow us on the Twitter box @mbaholepodcast.
Sunk Cost
Production
Have to figure out what to produce because of scarcity
Production Possibilities Frontier (PPF)
Creates graphical representation to show specialization
Law of Increasing Opportunity Cost
As you specialize in one product, the opportunity cost to produce it is going to increase
Opportunity cost - basically what are you giving up? Cost associated with opportunities forgone when your resources are not put to their best alternative use - the empty building, or even owning and operating a building.
Marginal Product of Labor - MPL=change in output/change in labor input - the goal is to find the highest MPL
Point of Diminishing Marginal Returns
Production Function: Q=F(K,L) where Q is output, K is capital, L is labor
Specialization
Technological Advances
The more units produced, the less the production cost
Productivity assumes...
People act rationally
People reactive to incentives
Principal-Agent Problem
Disclaimer:
The opinions and views expressed in this show are that of the host only. They do not represent their children, wives, dogs, employers, co-workers, neighbors, inlaws, friends, acquaintances, or esteemed university faculty.
MBA Hole Podcast
Studying. Yup. It kinda sucks. It can be frustrating. Growing is never comfortable. When you are learning a new skill, there’s always periods where you feel like you have no idea what is going on. The formula looks like a foreign language. The words on the page seem to make no sense. You’ve been reading for two hours and you realize you have no idea what you have read. You have a homework assignment that is due tomorrow and you’re pretty sure that everything on the page is wrong. You checked the number six times, and it’s still not right. Well my friends, this is the reason you joined a program. And this is not just unique to MBA programs, it’s relevant to really anything new that you are trying to learn.
We live in a society that expects instant results. We’re all doing it for the gram. Living for the likes, we’re addicted to the dopamine hits that occur from some type of interaction on an app on our phone. Our thinking is incredibly short-sighted. You see, the thing about learning something new is that unfortunately, it’s not going to be instantanious. It’s not going to give you instant gratification. It’s going to be tough. It’s going to hurt your brain. However, in the end, when you apply the concepts you have learned to your life, it can get you a much deeper satisfaction.
The satisfaction I have gained in being in an MBA program is much deeper than just one subject. It’s hard to explain, but you get this really deep level of understanding of how everything is working together. Like a coreographed dance. Learning these subjects isn’t always fun while you are in it, but for me, it has been highly rewarding.
When you have a bunch of subjects thrown at you, studying can be incredibly difficult. You can feel like you don’t know where to start. You’ve got so much to cover. You’ve got so many projects due and you have no idea how they are going to get done. Well, my friends, you’ve got to learn to study.
•Break things into chunks
•Decide a regular set schedule
•Take breaks
•No distractions during your study periods - this means no phones!
•Find a distraction
•Time block
•Pomodoro technique
Disclaimer:
The opinions and views expressed in this show are that of the host only. They do not represent their children, wives, dogs, employers, co-workers, neighbors, inlaws, friends, acquaintances, or esteemed university faculty.