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Tuesday, August 25, 2009

The True Cost (Opportunity Cost) of Senioritis

In order to get something, something must be given up. For example, if I choose to get a different motorcycle I must give up that new TV. If I choose to go to Washington DC on vacation, I do not get to go to Seattle. In economics we call that which is given up the opportunity cost ... a lost opportunity. Now, on to the point.

For some students, the senior year is like a sprint. They start hard, and they finish hard. They take difficult classes, and do their best. They are rewarded by getting scholarships and attending the better universities. When they graduate, and "if all the stars are aligned," they get good jobs.

For others the senior year of high school is like a vacation. They start with the idea that it does not matter. They take classes that may produce the best GPA. They believe that grade point is more important than content and learning. They only do the minimum to get by.

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