Anyone Else Hate Microeconomics?
I absolutely loathe microeconomics. I was reviewing some of it to help a friend out before his final and it just reminded me how much I abhor that shit. Correct me if I'm wrong, but how much of it is even useful in real life/on the job? Do firms actually waste time creating bullshit like "utility curves" and how many people actually think in terms of "marginal revenue", "marginal costs", etc.? I can see my macroeconomic coursework being useful, but microecon just seems so retarded.
im currently takin both micro and macro micro is zzzzzzz it is an easy A though so no complaints
I love economics so far, I've only taken Principles of Macro and am about to finish my Micro class. My micro professor did tell us that actual companies don't use that stuff for their actual decision making though. That economics is basically to understand why, not how, firms/households/whatever make their decisions.
the class is called microeconomics, and not "stuff you do at your job" for a reason. your university's economics department is not responsible for teaching you career-specific information. while you may not use MR, MC, or utility curves at work or in your day-to-day life, this does not mean that they are of no use.
also keep in mind that while most financial institutions will not use them in their day-to-day analysis, utility curves are among the building blocks of CAPM and modern financial theory. so no, i would not describe microecon as "retarded".
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One of my least favorite classes back in frosh year, particularly with the teacher we had who took devilish delight in dicking us all over on the final. Class average was a 51/100, kids scoring 58% walked out with an A.
Whoa, that's madness. I enjoy economics, it's pretty fun. I'm not sure if that translates into grades though as I've slacked off a LOT on econ this semester, but it's interesting anyways haha.
Yeah I hate micro too. I love macro- I can do Mundell-Fleming and Heckscher-Ohlin trade models in my sleep!
I am the complete opposite; loved micro, hated macro. But then again I took intro to macro at a community college with a shitty professor and my micro professors were all great, so take it with a grain of salt.
"the class is called microeconomics, and not "stuff you do at your job" for a reason. your university's economics department is not responsible for teaching you career-specific information. while you may not use MR, MC, or utility curves at work or in your day-to-day life, this does not mean that they are of no use."
The above post by sayandarula is spot on.
Micro will be of use in understanding how your IB clients make money ( and by extention why crappy clients lose it) You won't need to derive a client's shortrun suppy curve, but the micro concepts will come back to provide insight into how much cash a client can potentially produce and this is 90% of banking at the junior level.
I love microeconomics, it;s a shame it teaches us absolutely nothing practical.
I'm an econ major and I actually prefer micro to macro, but if I could go back and do college over again, I would be something like an art history major. Econ is boring stuff, but I it's also the foundation of the world. Good for core classes, but then it just repeats over and over and the marginal cost far exceeds the marginal benefit. Oh well, at this point my time invested in econ is a sunk cost.
lol... nice
So would minoring in econ instead of double majoring along w/ finance be a better choice?
Do whatever you want, just do it well. The only time major comes up is if it is unique or it's part of your story. I'm also a French major so interviewers would always bring it up (and occasionally test my French) which made for good conversation.
Well I enjoy econ but if it's just gonna overlap and I'm not gonna learn that much more, then why go for a bachelors when a minor will teach me enough?
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