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Post by Jean-Luc Picard on Jun 25, 2016 18:37:36 GMT
Place for random observations on Micro- and Macro-Economics Let me start: Those nice models you learn with PPFs and indifference curves exist, they're actually weird 400-dimensional supershapes What do you have to say Napoleon Bonaparte? |
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Post by Napoleon Bonaparte on Jun 25, 2016 18:53:09 GMT
Me like-y!!
Anyways I'm doing macro again these days.
PPF is actually rye easiest graph in economics.
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Post by Jean-Luc Picard on Jun 25, 2016 18:59:05 GMT
Me like-y!! Anyways I'm doing macro again these days. PPF is actually rye easiest graph in economics. In its simplified form, yes. Now calculate the PPF for all the various goods and services in the economy (many thousands) and consider the graph |
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Post by Napoleon Bonaparte on Jun 25, 2016 19:01:58 GMT
Me like-y!! Anyways I'm doing macro again these days. PPF is actually rye easiest graph in economics. In its simplified form, yes. Now calculate the PPF for all the various goods and services in the economy (many thousands) and consider the graph ouch! Never went to that advanced in my course (its variable, I know) Finally I don't have a hard time with elasticity! Finally learnt all those formulae. |
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Post by Jean-Luc Picard on Jun 25, 2016 19:04:05 GMT
In its simplified form, yes. Now calculate the PPF for all the various goods and services in the economy (many thousands) and consider the graph ouch! Never went to that advanced in my course (its variable, I know) Finally I don't have a hard time with elasticity! Finally learnt all those formulae. No one actually goes that far, we can barely graph in 3D. And the formulas are great for calculting stuff outside of Econ, like BP in TWs |
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Post by Napoleon Bonaparte on Jun 30, 2016 18:12:18 GMT
Well this got buried!
Anyways studying macro again these days, man I'm loving this!
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