Hong Kong IPO

School and Sightseeing in Hong Kong!

Monday, May 08, 2006

2nd day of class

Sunday morning started with another jog around Victoria Park and a walk in the rock garden. I am getting better at walking on the rocks, although keeping my socks on seemed to help! Class started at 9am and went pretty much until 5:15pm. Our instructor is good about giving us a break every hour, however we were pretty beat by the end of the day. We're learning about macro-economics and how savings, investments, consumption and government policy play a part in determining interest rates and keeping our economy from going into a recession, but not inflating prices too much. An interesting point to me is when labor across the country is made more efficient, our output increases, ie our GDP goes up. I relate to this well from determining our own labor efficiencies at work. We also talked a lot about government spending, the deficit, and trade imbalances. It is also pretty cool to hear the Hong Kong's students version since HK is owned by China which is mostly communist still. Interacting with them has definitely been the highlight of the trip. They have been very kind and answered every question we've thrown out at them, which has been a lot!
While I was at class, Justin had a relaxing day of napping, swimming, and touring with Mike, another non-MBA husband. They met up with us for dinner.
After class, the entire group along with some Hong Kong Iowa MBA alums went to dinner at Quanjude Roast Duck Restaurant. This was a very fancy place and we had about 13 courses to our dinner, all centered around duck, as you can imagine. I thought the food tasted ok, but I did enjoy the slices of duck. It tasted a lot like turkey, we placed it into a very thin flour tortilla, along with some sauce, cucumber, and onion, and ate it kind of like a burrito. Very tasty!






After dinner a few of us went to the Ladies market. This was a small alley with millions of street vendors selling mostly trinkets and knock-off items such as purses, shoes, watches, hair clips, etc.. They were very pushy and were always trying to make a deal. We did have fun bargaining for a couple of things.

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