Monday, April 28, 2008

economic cartoon--recession

this is regarding the period of economic recession

Huey jeen's economist jokes

1)Cannibals and Economists
A 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

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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

Interesting cartoons



Saturday, April 19, 2008

yixiao - economic cartoon




Came across this interesting cartoon showing the many so-called very scary problems facing someone who wants to start a business.

Thursday, April 17, 2008

Wanted Competition




Tuesday, April 15, 2008

Bloggers' ID

Dear 08S64,

Pls use your name when you post here as I will be monitoring/assessing the blog on a weekly basis. This is to facilitate awarding of the individual participation marks.

Happy blogging....

Cheers,
Mr Foo

template

right right so the template i chose previously cannot be viewed with IE -_-

shall use this temporarily so that at least the content is seen!

Thursday, April 10, 2008

yixiao (again)

Lonely blog without proper posts ..

TOP TEN ECONOMIST VALENTINES

9. DESPITE A DECADE OF INFLATION, I STILL DIG YOUR SUPPLY CURVE

8. WHAT DO YOU SAY WE RE-MEASURE OUR CROSS-ELASTICITY

7. YOU BRING THE BUTTER, I'LL BRING THE GUN

number 10, 6 - 1 eliminated because we haven't studied the concepts yet so people are not going to get the jokes -_-

THIS IS YIXIAO

HELLO WORLD
this is the economics blog of the 8 souls from 08S64 who take Economics ... just a post to kickstart. (and to test the template)