yashsehgal ([info]yashsehgal) wrote,
@ 2004-09-07 10:09:00
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Current mood: confused
Current music:What is SMC, SATC, LMC, LAC, ATC... help!!!

Another Quiz…
Most of us in section B seem to be struggling in Economics….

I really liked this subject in school and even went out of my way to read Lipsey back then...

However, today I find myself fighting to keep my eyes open trying to read what Mr. Dominick Salvatore has to say... the problem is somewhat compounded by the fact that we just are not ready to understand soo much Managerial Economics and cant figure out where the papers come from... I can honestly say that I read the chapters last time for the quiz (TWICE!!!) and still didn’t know shit :(

Therefore I have come the firm conclusion that in Economics the only truth is that 'there is an inverse price-quantity relationship for demand'. Beyond that everything thing is just.... (don't get me started)

When they can't seem to explain something Economists love to use the term 'ceteris paribus' and other wierd assumptions... how can there be soo many assumptions in anything!!!

C'est la Vie


(Post a new comment)


[info]kanikagoyal
2004-09-07 02:46 am UTC (link)
Dude,
How can you hate such an adorable subject.. Its so logical and interesting, especially game theory which totally rocks!!!
You dont know what you are missing yaar.

Hehe
Kans

(Reply to this) (Thread)
I'll show you logic
[info]yashsehgal
2004-09-07 02:53 am UTC (link)
woman...

only accounts and maths are logical...

the rest is all global or ceteris paribus...

(Reply to this) (Parent)(Thread)
Re: I'll show you logic
[info]kanikagoyal
2004-09-07 03:01 am UTC (link)
Man?

bah..just because it goes above your head does not make it illogical!

(Reply to this) (Parent)

[info]varunmadhok
2004-09-07 04:27 am UTC (link)
The ceteris paribus applies to the inverse price-quantity relationship as well. How could you miss that!...guess kaki is right when she says it goes above your head...good luck for the end term!

(Reply to this)

whatever you say
(Anonymous)
2004-09-07 01:59 pm UTC (link)
'there is an inverse price-quantity relationship for demand'

except, of course, we have Giffen goods, Veblen goods, and inferior goods to name a few, but don't let those stop you ;-)

I wrote a lengthy discourse in college on how women are Veblen goods. I'll mail it to you if I ever dig it up.

You're still kicking ass, sounds like. see you in delhi soon.
-Prashant

(Reply to this) (Thread)
Re: whatever you say
[info]yashsehgal
2004-09-07 02:36 pm UTC (link)
man...

this stuff is tough... need a vacation...

reahing delhi on 23rd sept... looking forward to it

Cheers!!!

(Reply to this) (Parent)(Thread)
Re: whatever you say
(Anonymous)
2004-09-07 05:58 pm UTC (link)
I'm reaching there 23rd oct daytime. there till nov 3rd.
In london from sep 17th till oct 22nd. wanna make a weekend trip to dubai in the middle? we can meet there...few hours for you, and few for me ?
-Prashant

(Reply to this) (Parent)

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