Introduction to Economics

This video gives an introduction to economics and discusses the importance and relevance of models in economics.

For more information and a complete set of microeconomics videos, see
http://www.economistsdoitwithmodels.com/microeconomics-101

by Economists Do It With Models

Category:

Education

Tags:

• economics
• microeconomics
• models

[sirnameless007]

economics, is a mumbo jumbo which, has never been a favourite subject but yes it has been a subject which has taught me a lot to think about the scarcity of resources and how to get along with these resources.

[devourerofbabies]

@jaeLAX23 "This combustible mixture of will full ignorance & lunacy is not healthy for you."

Funny, that's what I was going to say to you.

If you're going to criticize economics before you even have the barest understanding of what economics is, then your mind is beyond salvage. Goodbye.

[jaeLAX23]

@devourerofbabies I don't "think" that's what it is, the proof is in the pudding. Quantitative easing my a*#. Call it what it is, rape. BTW "devourerofbabies" informs people you have Malthusian tendency in your thinking. You live in denial as well as in fear. This combustible mixture of will full ignorance & lunacy is not healthy for you.

[devourerofbabies]

@jaeLAX23 Question: Just what did you think your little post here was going to accomplish? Reckless abuse of the printing press? Is that what you think mainstream economics is? Criticism is fine, but it should be a well informed criticism.

It's Austrians who need to be cured of their fundamentalism.

[jaeLAX23]

@devourerofbabies Defending mainstream economics is like trying to defend the Soviet Communist system. They tried justifying the killing of millions of their own citizens to prove their system would work and you are trying to justify reckless abuse of the printing press to prove mainstream economic theories are correct.

You need to be cured of your fundamentalism. Do the world a favor & take the FunVax.

[devourerofbabies]

@selfrealizedexile "Is wikipedia'ing Austrian Economics that difficult, bro?"

Done that.

[selfrealizedexile]

@devourerofbabies

the organizing power of the price mechanism."

I would personally stress that it probably is the only school of economics whose conclusions actually necessitate the advocacy of the absence of the State. It probably uniquely sees capital as heterogeneous and structured where the mainstream aggregates capital and demand into blobs that mask cause and effect.

[selfrealizedexile]

@devourerofbabies

You're wanting me to give you a 500 character introduction to Austrian economics. Is wikipedia'ing Austrian Economics that difficult, bro?

"The Austrian School of economics is a school of economic thought that advocates methodological individualism in interpreting economic developments, the theory that money is non-neutral, the theory that the capital structure of economies consists of heterogeneous goods that have multispecific uses which must be aligned, and emphasizes

[devourerofbabies]

@selfrealizedexile And I've already told you why telling me to go and read a book isn't anything at all.

If you can't elucidate your opinion without recourse to a book, then you don't really understand it.

You haven't demonstrated to me that you know fuck all about anything, so why do you think I'd be interested in a book you recommend? Show me you or the Austrian school have something to say.

Attack econ all you want, but what do YOU think?

[devourerofbabies]

@selfrealizedexile I'm not asking you to tell me EVERYTHING. But if I wanted a chemist to tell me SOMETHING about chemistry, he'd be able to do it in 500 characters.

My problem with you Austrians is that the only thing you EVER do is attack economics without presenting any knowledge of your own.

I'm giving you the chance to show me the best of what Austrians have to offer, but instead of seeing it as an opportunity, you use the broadness of the issue as an excuse.

pfffft