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Thread: The Economics Thread

  1. #226
    Evil Scotsman
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    Quote Originally Posted by Uppercut View Post
    https://www.newstatesman.com/politic...we-can-recover

    This is an excellent econ/history-of-econ-thought essay, condenses the last 70 years of British economic policy really nicely. Not sure I agree with all of his recommendations, but even so.

    Unfortunate that the NS have titled it like an Owen Jones piece.
    First paragraph looks like it's setting the tone for a really interesting read; Labour would be absolutely slaughtered if it was to preside over something as idiotic as Brexit.

  2. #227
    rather mad Norwegian Magrat Garlick's Avatar
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    Is it a coincidence that modern monetary theory has the same acronym as magic money tree?
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  3. #228
    International Captain andmark's Avatar
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    I went very basic and got an A Level (age 16-18) revision book from a library. I'm through most of the microeconomics bit and the macro bit seems to have substantially less graphs. Is that to be expected? Like would macro be more theoretical whilst micro would be a bit more mathematical and nitty gritty or is that just wishful thinking?
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  4. #229
    International Coach Bahnz's Avatar
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    Depends on how deep you go with it. In the early stages Macro is definitely more theoretical and philosophical, while micro is more about mathematical models. But after a certain point (usually the post-grad level) Macro is basically all math as well.
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  5. #230
    International Captain andmark's Avatar
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    Quote Originally Posted by Bahnz View Post
    Depends on how deep you go with it. In the early stages Macro is definitely more theoretical and philosophical, while micro is more about mathematical models. But after a certain point (usually the post-grad level) Macro is basically all math as well.
    My main aim with reading about economics is to be able to make more detailed political opinions because I'm sort of agnostic out of ignorance and so I won't be challenging the likes of Harshag any time soon. So yeah, thanks for your reply, it's encouraging.

  6. #231
    Request Your Custom Title Now! Uppercut's Avatar
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    The last Econ101 I taught had a bit of descriptive macro. One of the lectures was on how and why the shape of the UK economy has changed over time. Whereas the micro didn't really introduce anything empiric. So if your textbook is anything like than then yeah, the initial macro will be far more interesting.
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  7. #232
    Hall of Fame Member harsh.ag's Avatar
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    Things be heatin' up
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  8. #233
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    https://twitter.com/centralbankja/st...252304896?s=21

    The Bank of Jamaica’s forward guidance skills are off the charts.

  9. #234
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    As an alternative to this thread, there should be a communism thread too.
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