I don't like economics
Alright,
Basically, I'm young, but I'm having a midlife crises.
I thought I liked business and on some level, I do.
But I don't like my econ courses at all. I don't find them interesting.
Should this be an indicator that business is not the right field for me?
Suggestions?
Economics is boring
Economics is boring but why is it boring? Try to find the answer to this question and address. If the professor is teaching it in a way that is not engaging then change professors. If you just find the topic to be generally dry then consider the following method.
Approach the basics of economic theory as something that is firmly rooted in reality. Observe it in everyday life. Supply and demand affecting concert ticket prices, rent controls making your bills go up etc. The closer it relates to your personal experiences the better. Thomas Sowell’s
Econ can be dry, but basic economic fundamentals is the cornerstone of finance. I would just learn it and try applying it to real life events. Maybe pick up some popular economic books that incorporate economic laws into everyday stuff. Might make it more relevant to you.
Recommended Reading
Econ can be dry, but basic economic fundamentals is the cornerstone of finance. I would just learn it and try applying it to real life events. Maybe pick up some popular economic books that incorporate economic laws into everyday stuff. Might make it more relevant to you.
What about something else, like business strategy? Ever picked up a book by, I dunno... Jim Collins?
I like some econ classes better than others. Standard economics stuff, I hate with my guts. More finance-type econ classes, like Corporate Finance or Public Finance... that's more in my boat.
Econ teaches you important things, but just because you aren't enamored with them doesn't mean you're not right for finance. If you like 'business' then suck it up and learn some econ.
Austrian Economics period.
Econ blows, but is useful in the long run. Suck it up and pay attention in your econ classes. You have to take them so you might as well take advantage of them.
but in the long run we're dead
I am actually the perfect person to answer your question.
My advice to you is: make sure you're asking the right question. I started freshman year majoring in econ/finance; took micro, and absolutely hated it. I was terminally bored in class and could barely stay awake. In contrast, I excelled, and was constantly challenged by math, and ended up swapping out my econ/finance plans, for math & stats ones. It's been really rewarding and I'm really glad I choose to switch,...
but….
I ended up gravitating back towards econ/finance. I took an analytical econ class and a bunch of finance classes later in my academic career, and really enjoyed them. Now I am ditching my quantitative analysis job offers for a pure finance job.
In retrospect, I may have been asking the wrong question. I was asking "why don't I like economics?" When the correct question was "why is my professor butchering an otherwise interesting subject"? As a senior, I am picking next semesters courses heavily based on the professors that teach them. The fact is, some professors suck - and then some professors suck huge monkey nuts.
Try this: take mainly math courses, and only the econ courses you like. Econometrics, economic statistics, etc. Public finance, demography, and that other shit you can learn on your own time.
At this stage in the game, if you're already worried about doing something you don't particularlly want to do, just imagine how its gonna feel when you're doing something you don't want to late at night or on the weekend...not any better just suck it up and keep your eye on the prize.
I don't mean to sound like a troll but economics is worthless in the micro level. I mean come on...utils.....thinking at the margin........perfect competition just doesn't exist in the real world, but we are told about it none the less....
I think you'll like macro better micro is a fucking garbage I had my economics professor debate with me for half an hour in class about wheat being a perfect competition market and transportation costs don't matter in the "real world" so we should just ignore it like real economists do ....
While I do agree, you need to understand where all of these theories come from. It is confusing, but in order to understand a lot of the EMH and CAPM you need to make certain assumptions and run with things.
Econ is extremely interesting and useful. An Econ PhD is also incredibly quant heavy so people who tend to go into academic economics tend to be math types. Aka not always the most personable.
I would go out, buy some of the more popular media economic books and incorporate them into your classroom learning. Eco was sometimes boring for me also, but I have grown to appreciate it over time.
blastoise,
Funny thing is, macro seems to be the area were predictive power is the weakest (I think this is widely agreed upon among micro and macro economists). With that said though, your professor shouldn't be butchering the applications of those models. In other words, models are metaphors, and your professor might be taking them way to seriously, and thinking of them as "truths." Trust me, many economists know better than that. In fact, most economists (including microeconomists) say that perfect competition doesn't exist anywhere. If you're interested in some microeconomics that understands the limitations of these models, check out Hayek's essays "The Meaning of Competition" and "The Use of Knowledge in Society." I think you'll find that some economists actually understand these real-world things on a fairly deep level. Sadly, that's just not the case with all of them.
Econ is a ponzi scheme imho.
I will be happy to answer any econ question PM'd to me. I know a little bit about it.
most of the undergrad introductory courses are quite boring and stress fundamental assumptions/logic underpinning economic theory. it isnt generally interesting but you need to understand the basics before you can get into the analysis and application which is extremely interesting imho. Think of it like accounting, you need to understand the structure of accounts, flowthrough of cash etc before you can jump into the interesting stuff like valuations, deal structure etc.
Do you dislike all econ, or just a specific type (like macro)?
I wouldn't worry about it too much. Econ is not the same as business. Also, if you have a bad econ teacher, it can really be torture. I loved econ, but my first econ teacher was awesome. If I had somebody else, I may have hated it and never majored in it. Lastly, if you want to give econ another chance, maybe try picking up some interesting books on the subject; there might be something for everybody.
Ullam earum dolorem dolorem adipisci non nisi asperiores. Aut sunt aut cumque tenetur debitis animi animi. Aut vel qui enim tempora. Voluptates veniam est unde voluptates dicta dolor in consequatur. Exercitationem quam eum corporis porro.
Porro quis eos aut qui sunt est voluptatum provident. Sint et aut velit earum magni. Placeat quaerat magni at assumenda rerum nihil in delectus. Facilis enim nostrum pariatur possimus minus ipsum.
Aut esse aut quam recusandae. Nisi veniam soluta voluptas non. Neque et sit cumque excepturi voluptatem. Et ex quasi qui. Ratione tenetur dicta hic repellat laborum tenetur recusandae.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...