ZOMG MICRO ECONOMICS WTFFFF

[Slaladin]

lol. I have a midterm tomorrow in Economic Analyses, basically advanced growth models. don't do a masters in econ. its hard.

gl with the midterm, its pretty standard.

[Karak567]

ill stick with solow for now

[kipin]

Keynes was a [censored] economist and kept us in the recession far longer than necessary.

Monetary policy is no good!

[Karak567]

[censored] keynes

milton friedman and adam smith 4 lyfe yo

i also <3 hayek

[CalledDownLight]

[ QUOTE ]
that sounds like something this tricky bitch would ask. the demand curve doesn't change but the quantity demanded does.

she is really mean btw, every time i ask her a question she thinks i'm making fun of her

[/ QUOTE ]

This isn't exactly tricky and will almost certainly be on your exam. A lot of people will miss it though. Quantity shifts as equilibrium prices shift, but the curves only shift with external pressures. There is a list of like 5 basic things or something that we were expected to know that shifts the curves, but I forget them.


Also, econometrics is [censored] hard. I just took a midterm today that was supposed to take 1 hour and 15 minutes. After an hour and 35 minutes he said he had to collect the exams because the next class was about to start. Over 80% of the class was still working frantically. Don't take it unless you're an econ major.

[Karak567]

this thread has turned into such an econ nerd fest

i think we are all struck by the "wow there are other people out there like me" thing

[jessicaalbiel]

Every business has downcycles

[dkgojackets]

wdead you seem confused with regards to price elasticity and in the process are confusing me. It has nothing to do with producing more land or ice cream.

If the price goes down, people will demand more (hey at less $ per acre I will buy more acres). If the price goes up, people will demand less. Thus it is not inelastic.

The closest to perfectly inelastic would be like insulin, since no matter what the price if you need it to live you will consume the same amount.

[DannyOcean_]

Keynes was an idiot (ok he was pretty smart but still), and his policies should burn in hell forever.

austrian school ftw. milton's pretty cool also.

[DannyOcean_]

[ QUOTE ]
Keynes was an idiot (ok he was pretty smart but still), and his policies should burn in hell forever.

austrian school ftw. milton's pretty cool also.

[/ QUOTE ]

Also, next semester i take econometrics. should i be scared or is it not too bad? I'm also taking Calc 3 and Linear because getting a masters in econ requires ghey maths i must know.