Today marked the first day of pre-term, a period where the new incoming class meets for a week of intensive review of math, economics and accounting review. Today was also the first time the entire class congregated as a whole.

Seeing the class of 2007 as a whole validated my decision to attend MIT Sloan. I made that decision based on a careful analysis, matching my career objectives and interests with the various MBA programs. Sloan came out on top. However, Sloan’s strongest asset emerged today:

My fellow classmates rock! There’s an incredible amount of diversity in my class, which encompasses diversity in region, areas of expertise, career, academic background, and interest. These are the people, along with the rest of the MIT Sloan community, who will make the next two years fun, exciting, and unforgettable. (and the rest of the Sloan folks, from admissions to Educational services staff have all been wonderful)

Oh yes, a few comments about the actual review sessions. I cracked my first cheeky remark in class, which was well-received by professor and students. The professor was discussing the concept of elasticity of demand, and asked us for examples of products that were inelastic. Inelasticity of demand is just a fancy way of saying that the consumer’s demand of the product won’t really change if price increases or decreases. For example, smokers, who need their fix, aren’t very sensitive to price swings and won’t really cut back on the amount they smoke if a pack of smokes costs more.

“So, can anyone give me an example of an inelastic good?” asked the prof.

I couldn’t help myself, so I belted out: heroine. Laughter ensued. I guess not too many folks are planning to pursue a career in drug dealing, come post-graduation. :D