Another inferior public school system in a blue state

[impartialobserver]

1 hour ago, reason10 said:

I posted FACTS from the most FACTUAL source on Economics in the world. PERIOD.

You just don't like losing an argument.

You move the goal posts. Economics is not a hard science like physics where you can test a phenomena and get the same result every time. 

Micro is about the individual person, family, or company.  Not sure why you bristle at this so much. Look up definition of microeconomics with a google search and you will find the word, "individual" in most, if not all, of them. 

[reason10]

On 3/31/2023 at 3:16 PM, impartialobserver said:

You move the goal posts. Economics is not a hard science like physics where you can test a phenomena and get the same result every time. 

Micro is about the individual person, family, or company.  Not sure why you bristle at this so much. Look up definition of microeconomics with a google search and you will find the word, "individual" in most, if not all, of them. 

It's obvious you're LYING about ever sitting in an economics class. Since I took both, I know the difference.

Let's try this again. (Find someone with an education to read it and 'splain it to you.)

Macroeconomics: The Science and study of scarcity in a national economy. The SCIENCE of Human Action on a national scale.

Microeconomics: The Science and Study of scarcity in how companies interact with each other.

I was at the top of my class in both subjects. I know and you don't. You prove it by throwing the word "individual" into the mix.

[impartialobserver]

On 4/4/2023 at 5:49 AM, reason10 said:

It's obvious you're LYING about ever sitting in an economics class. Since I took both, I know the difference.

Let's try this again. (Find someone with an education to read it and 'splain it to you.)

Macroeconomics: The Science and study of scarcity in a national economy. The SCIENCE of Human Action on a national scale.

Microeconomics: The Science and Study of scarcity in how companies interact with each other.

I was at the top of my class in both subjects. I know and you don't. You prove it by throwing the word "individual" into the mix.

Microeconomics is not just about companies. It is mostly about why a person does what they do with their time, money, or other scarce resources. There is no supply (companies) if not for personal demand. Why are there no typewriter retail outlets in Utah.. not a single one? Hmmm.. no individuals demand it

 

[reason10]

10 minutes ago, impartialobserver said:

Microeconomics is not just about companies. It is mostly about why a person does what they do with their time, money, or other scarce resources. There is no supply (companies) if not for personal demand. Why are there no typewriter retail outlets in Utah.. not a single one? Hmmm.. no individuals demand it

 

In other words, you NEVER took the course. The proof of your ignorance is staggering. Quit lying about it. Those of us who DID take macro and micro know you didn't.

[impartialobserver]

7 minutes ago, reason10 said:

In other words, you NEVER took the course. The proof of your ignorance is staggering. Quit lying about it. Those of us who DID take macro and micro know you didn't.

Hmmm.. Looking at Principles of Microeconomics by Gregory Mankiw (politically conservative, if you must know) and the chapter on demand.. it talks about why a given person buys something. They have a budget constraint, preferences, and such. Hmmm... 

In grad school, there were countless articles and books about why the individual does what they do. Quite interesting honestly. Such as why people will opt for 1.00 today versus 1.25 tomorrow. Or why they are willing to lie when it comes to short term or small gains but not so when the stakes are bigger or more in the future. 

Edited April 14, 2023 by impartialobserver

[reason10]

15 minutes ago, impartialobserver said:

Hmmm.. Looking at Principles of Microeconomics by Gregory Mankiw (politically conservative, if you must know) and the chapter on demand.. it talks about why a given person buys something. They have a budget constraint, preferences, and such. Hmmm... 

In grad school, there were countless articles and books about why the individual does what they do. Quite interesting honestly. Such as why people will opt for 1.00 today versus 1.25 tomorrow. Or why they are willing to lie when it comes to short term or small gains but not so when the stakes are bigger or more in the future. 

In  A real Microeconomics course, Demand is separated into two classes: Price Demand and just demand.

On charts, we had to show Price Demand, how changes in price affected Demand. The term we used was "Elasticity." An item very "elastic" is one affected by changes in price. Insulin is very INELASTIC. Gasoline is somewhat elastic, since Democrat price hikes in gasoline affect travel.

Just demand is where demand is affected by something other than price. Medicare skyrocketed demand for health care services, which is the SOLE reason why they are so high today.

It was THAT kind of detail that lets me know you didn't take the course. Then again, maybe Lesbian Dance Theory majors don't require such courses.

[impartialobserver]

1 minute ago, reason10 said:

In  A real Microeconomics course, Demand is separated into two classes: Price Demand and just demand.

On charts, we had to show Price Demand, how changes in price affected Demand. The term we used was "Elasticity." An item very "elastic" is one affected by changes in price. Insulin is very INELASTIC. Gasoline is somewhat elastic, since Democrat price hikes in gasoline affect travel.

Just demand is where demand is affected by something other than price. Medicare skyrocketed demand for health care services, which is the SOLE reason why they are so high today.

It was THAT kind of detail that lets me know you didn't take the course. Then again, maybe Lesbian Dance Theory majors don't require such courses.

Now.. .think about it for just a second.. Can you simply generalize across the board when it comes to demand for gasoline? Does it help to think about the average person and how they decide to buy gas or not. If so, how much? Does where they live matter? Does this influence why a given person would buy an EV or not? 

[reason10]

18 hours ago, impartialobserver said:

Now.. .think about it for just a second.. Can you simply generalize across the board when it comes to demand for gasoline? Does it help to think about the average person and how they decide to buy gas or not. If so, how much? Does where they live matter? Does this influence why a given person would buy an EV or not? 

A statement like that shows me that you are a teenager and haven't been on the earth very long.

Maybe it's also because I live in Florida. We notice tourism rates suffering when Democrats jack up the price of gasoline. A lot of things slow down when gas prices go up.

Also, legitimate ECONOMICS courses cover the different facets of a national or local economy. There are different Demand scales for pretty much EVERY transaction Americans make. Had you actually taken the course, you would know that.

There is a demand table for local travelers. There is a demand table for long distance vacationers. There is a demand table for RV driving retirees.

You would know this if you had actually attended a legitimate university and studied real economics.

Edited April 15, 2023 by reason10

[impartialobserver]

On 4/15/2023 at 6:16 AM, reason10 said:

A statement like that shows me that you are a teenager and haven't been on the earth very long.

Maybe it's also because I live in Florida. We notice tourism rates suffering when Democrats jack up the price of gasoline. A lot of things slow down when gas prices go up.

Also, legitimate ECONOMICS courses cover the different facets of a national or local economy. There are different Demand scales for pretty much EVERY transaction Americans make. Had you actually taken the course, you would know that.

There is a demand table for local travelers. There is a demand table for long distance vacationers. There is a demand table for RV driving retirees.

You would know this if you had actually attended a legitimate university and studied real economics.

You are the type that would be blown away to find out that economics at the grad school is a glorified math degree. I never heard the words; socialism, Marx, Engels, Keynes, communism, mentioned even once in 5 years. Now the words that we did use; Econometrics, statistical constant, p-value, fixed effects, jacobian determinant. I know that you will google this words and regurgitate what you get from them. However, I bet that you have no idea that those terms actually mean. 

Besides, consumer demand is studied in two ways. First, by the representative agent and then later on as a whole (county, city, state, nation, whatever). At the grad school level, the first one is the more complex of the two.

[reason10]

On 4/24/2023 at 2:42 PM, impartialobserver said:

You are the type that would be blown away to find out that economics at the grad school is a glorified math degree. I never heard the words; socialism, Marx, Engels, Keynes, communism, mentioned even once in 5 years. Now the words that we did use; Econometrics, statistical constant, p-value, fixed effects, jacobian determinant. I know that you will google this words and regurgitate what you get from them. However, I bet that you have no idea that those terms actually mean. 

Besides, consumer demand is studied in two ways. First, by the representative agent and then later on as a whole (county, city, state, nation, whatever). At the grad school level, the first one is the more complex of the two.

This is how I can tell you NEVER took a legitimate economics class (at any accredited college). Economics is ALL ABOUT THE ECONOMISTS. They provide the foundation for the study. Economics is the ONLY guaranteed SCIENCE of human behavior.

[impartialobserver]

On 4/30/2023 at 7:17 AM, reason10 said:

This is how I can tell you NEVER took a legitimate economics class (at any accredited college). Economics is ALL ABOUT THE ECONOMISTS. They provide the foundation for the study. Economics is the ONLY guaranteed SCIENCE of human behavior.

^^^ this is how I can tell you that you have no idea what you are talking about. At its highest level, it is not philosophical like you infer. It is mostly math, statistics, and a tiny smidge of judgment. Where the judgment comes in is what variables to include in your model. Y = statistical constant + variable x + variable y + so on.... The decision to add/omit the variable that contribute to the outcome is where the subjectivity comes in. 

[reason10]

6 hours ago, impartialobserver said:

^^^ this is how I can tell you that you have no idea what you are talking about. At its highest level, it is not philosophical like you infer. It is mostly math, statistics, and a tiny smidge of judgment. Where the judgment comes in is what variables to include in your model. Y = statistical constant + variable x + variable y + so on.... The decision to add/omit the variable that contribute to the outcome is where the subjectivity comes in. 

Oh, we studied the nuts and bolts of economics theory. We did all that. But because (I guess) I attended a superior college, we also studied the economists behind the theories that worked, as well as those whose theories didn't work. Maybe it sounds more like political science, but to Democrats, EVERYTHING is class envy, Nazi/Socialist politics.

I was lucky. My profs gave us a much broader look at the field, including the horrific Kerrey :Danforth Report (which obviously NO elected Democrat has bothered to read.)

[impartialobserver]

24 minutes ago, reason10 said:

Oh, we studied the nuts and bolts of economics theory. We did all that. But because (I guess) I attended a superior college, we also studied the economists behind the theories that worked, as well as those whose theories didn't work. Maybe it sounds more like political science, but to Democrats, EVERYTHING is class envy, Nazi/Socialist politics.

I was lucky. My profs gave us a much broader look at the field, including the horrific Kerrey :Danforth Report (which obviously NO elected Democrat has bothered to read.)

The economists were covered in undergrad.. Specifically, sophomore year course called History of Economic Thought. And then we touched upon them in Intermediate Macroeconomics (the second one). After that, it was pure math and statistics. No need to rehash what someone wrote in 1860 or so.