Economics Blog
Saturday, May 17, 2008
Monday, April 28, 2008
Huey jeen's economist jokes
1)Cannibals and EconomistsA traveller wandering on an island inhabited entirely by cannibals comes upon a butcher shop. This shop specialised in human brains differentiated according to source. The sign in the shop read:
Artists' Brains $9/lb Philosophers' Brains $12/lb Scientists' Brains $15/lb Economists' Brains $19/lb
Upon reading the sign, the traveller noted, "My those economists' brains must be popular!" To which the butcher replied, "Are you kidding! Do you have any idea how many economists you have to kill to get a pound of brains?!"
HA! ... It's a *supply side* joke!
this clearly illustrates the supply theory, with less supply, the price of equilibrium goes up
2) TOP 10 REASONS TO STUDY ECONOMICS
1. Economists are armed and dangerous:"Watch out for our invisible hands."
2. Economists can supply it on demand.
3. You can talk about money without every having to make any.
4. You get to say "trickle down" with a straight face.
5. Mick Jagger and Arnold Schwarzenegger both studied economics and look how they turned out.
6. When you are in the unemployment line, at least you will know why you are there.
7. If you rearrange the letters in "ECONOMICS", you get "COMIC NOSE".
8. Although ethics teaches that virtue is its own reward, in economics we get taught that reward is its own virtue.
9. When you get drunk, you can tell everyone that you are just researching the law of diminishing marginal utility.
10. When you call 1-900-LUV-ECON and get Kandi Keynes, you will have something to talk about.
by huey jeen
Labels: jokes by huey jeen
Sunday, April 20, 2008
Monopoly - inefficiency
Thought this video might be helpful as we're starting on monopoly. the explanations in this video are very easy to follow i think.
eileen - some videos
LOOKING THROUGH ALL THESE VIDEOS CAN GET REALLY BORING :/Is Monopoly bad?
Price Discrimination
Taken from Youtube.
Actually, you can find many more of similar videos but I guess 2 is enough for now :D