Microeconomic Puns

I’m so happy! I studied for two weeks using modern states and the AC/DC Econ ultimate review packet. I also took a few practice tests and got 3-5 questions wrong each time. Next I am taking Marketing and Business Law! If anyone has questions about micro or remote proctoring let me know!

How do I maintain my sanity in a public policy analysis (microeconomics) course? Sorry, this is a bit vague and poorly worded because I'm new to both formal socialism and the academic field of public policy, which depends heavily on microeconomics. tl;dr: what is economics for socialism?

I'm taking a public policy analysis course and the text so far is full of capitalist assumptions, e.g., "the competitive market equilibrium is the most efficient outcome for society" or just the premise of "market failures" being an aberration instead of a central problem of capitalism. Or that redistributing money from the rich to the poor entails efficiency losses instead of recognizing that the wealth was socially created and extracted from workers through exploitation in the first place.

(Side note, the author Jonathan Gruber really tips his hand, saying things like "This low public support [for Obamacare] has been reflected in more than 50 votes in the House of Representatives to repeal the law" instead of acknowledging that that is more about Republican obstruction than popular opinion.)

Are there any good socialist analyses or rebuttals to these microeconomic assumptions that would help me maintain or advance my socialist perspective through this class? I kind of want to ask my professor, "How do I take your class as a socialist" but don't want to get a bunch of grief about it and have him tell me I have no future in public policy. Thanks for any tips!

Edit: class is in the US, typical large state research university.

Edit 2: Not explicitly socialist, but I think this is kind of what I was looking for: The economics anti-textbook : a critical thinker's guide to microeconomics. It's available as an ebook through my college library.

2hr Microeconomics test. will send sample questions to familiarise yourself with the content and will pay well.

ISBN: 9781319320249

Hey guys! Hoping someone can help me and share a PDF of this book, save me a chunk of money 😭😭 I greatly appreciate it! I couldn't find it anywhere. Here are some listed ISBNs

Requesting: Microeconomics McConnell Brue Flynn 22nd Edition

EISBN: 1264111746

EISBN-13: 9781264111749

ISBN10: 1264112521

ISBN13: 9781264112524

I’m asking for the level of difficulty.

I just need to fulfill the SCL core curriculum requirement and this class seemed interesting. For anyone that has taken it, is it difficult at all? How much work/studying is required?

Hey I'm a sophomore in college and I need help with my intermediate microecon class is there any good resources to help me like a good YouTube channel etc?

I have a 2-hour online exam in microeconomics coming up on the 7th, however, it is in Danish. I was wondering if it would be possible for me to send the translated questions to my writer and then he/she could send it back to me as soon as they are done with one question. So that it is a contious flow. That way I can translate it myself. I will send the rest of the information in private if anyone is interested.

Hello,
I am having trouble finding a suitable microeconomics article for IA. Which topics, which sources, and which countries should I choose so that I can write enough information on my IA?

Thanks.

Which ones the easiest to score 85+ in? I found Introductory Microeconomics interesting but I've been infected with covid and would already be a week behind if I took Intermediate Microeconomics (unless it would still be manageable?). At this point I just want an easy WAM booster. Thanks

I read a Twitter thread last year by economists on Gary Becker's contributions to microeconomics. Overall, many thought his contributions were controversial, and when current microeconomics apply Becker's contributions, it's mostly some revised version. However, none of the researchers in the thread stated any relevant references. I wonder if anyone has any good references on how, specifically, Becker is used in a revised form in modern microeconomics?

I have had several microeconomics courses. So I know e.g. assumptions on rational expectations and perfect information have been relaxed (or at least more stressed), but is that it? I can add that I have always found Gary Becker's work impressive. I want to read more of his original work and it would be helpful to be aware of which elements that have later been revised in applied work.

Hey guys, For my Microeconomics ia my key concept is sustainability and my ia related to negative externality of production and overuse of common pool resources. However, I am finding a hard time relating my article to the key concept. So could Someone Explain to me how do I relate my key concept to my essay. Thanks.

I'm speaking about the arguments made by Fred Moseley. You can read the first part of the critique here, from which I'm making my arguments.

*Moseley wrote a critique of microeconomics consisting of 2 parts*

For anyone wanting to follow the discussion, the critique is mainly focused on the "production function". According to the theory, this production function varies and corresponds to individual enterprises, but they are all understood as a combination of 2 factors of production: capital (K) and labor (L). So one enterprise's productivity may be described as f(K,L)=KL^2 and another as f(K,L)=K+ln(L) and so on.

Aggregation problem

This refers to the impossibility of adding together the different capital goods, to obtain a single quantity of capital (K), even for individual enterprises. According to the marginalist theory, capital refers to physical goods, specifically what is commonly understood as "capital goods" (machinery, equipment, buildings, etc.). It is is impossible to conceive of a single unit of measure to add these capital goods together. How do you add together a machine and a building to form a single K? You cannot.

If I understand it correctly, since they cannot add together the different capital goods, what economists usually do is "guess". That is, establish a production function that assumes an aggregated K that would reasonably/approximately describe the productivity of an enterprise. But this is as good as throwing darts.

Marginal product is not a legitimate concept

Marginal product is said to indicate the additional output in production when increasing one of the factors of production: capital or Labor. According to the theory, this is represented with the derivation of the function of production f(K,L). A derivation holds the other factors as constant. The marginal product of capital (derivation with K) holds labor as constant, and vice versa.

The issue with this is that the production function ignores raw materials, as if they don't exist. How can a production function, which should describe the flow of inputs and outputs, not include intermediate goods? Is it possible to increase output without an increase in raw materials? When you add labor, will these labourers make commodities out of thin air, or will it require more raw materials to use?

Even if the economists include raw materials as a factor of production, the problem persists. Marginal product of K

I'm trying to self study for AP microeconomics (yes, I'm starting in December indeed when I planned to do so in September) and am completely lost. I tried khan but it didn't work out for me (it was a bit too choppy and unorganized), so I just got a Barron's book. I have a few questions that I'd love to get some advice on...

1. I've seen comments that I should get a textbook first but is that right or would Barron's be okay for a start?

2. Should I get another review book like Kaplan or Princeton afterwards?

3. Any other advice on materials/books/and the test in general?

Thanks and merry Christmas!!

I barely passed microeconomics last semester and I need to retake it because it wasn't the grade required. I struggled in the class and my teacher was not that great. Any easy econ teacher recommendations?

I honestly expected myself to do worse since I was unsure on about 20% of the questions. I spent about 2 weeks studying (~2 hours per day). The resources I used were ModernStates and the Ultimate Review Packet from Jacob Clifford. I also took Petersons practice exam. Overall, was extremely nervous since I needed this credit but relieved now that it’s over :)

I'm a freshman and the intro to microeconomics... wtf was that? I mean i tried and i just can't. My score is doomed. Finance was the career that i've randomly chosen, maybe my lack of motivation is affecting this. But even with motivation, i just can't see anyone understanding that overstuffed bullshit every week. The finals is coming next week and my only hope is my luck. I'm considering giving up university...

Need someone for 2,5 h exam

my degree has nothing to do with economics but they're still requiring i take one of them i just want the easier one lol

Im taking microeconomics next semester, and I saw an option for an online version of the class which I’m interested in. Had anyone taken either? What do they recommend? On top of that my advisor is out and I’m not sure who to reach out to for advice 😅

need someone to help with a second-year university micro economics exam. will include 55 questions and is 2 hours long. includes multiple-choice, short answer, and fill and the blank type questions.

paying only after completion or halfway through.

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this is the question: Carl uses his weekly allowance on two things: Cookies (C) and Soda (S). His utility function is U = 2CS. His weekly allowance is 400, the price of one cookie is 25 and the price of one soda is 25.

What is Carl's marginal utility of Soda? what would happen to Carl's marginal utility of wine if the amount of Cookies doubled (i.e. from C to 2C)What would happen to the marginal utility of Soda if the amount of Soda doubled (i.e.from S to 2S)

My answer, which I'm wondering if is correct is:

Carls marginal utility of Soda is = Mu_S = d_U/D_S=2CSIf the amount of Cookies doubled Carl's marginal utility of Soda would be = 4S2S. If the amount of Soda doubled Carl's marginal utility of Soda would be = 2C4S

as far as I know this is the right answer, it just seems wrong to me somehow, which is why I would appreciate if anyone of you would tell me if I'm right or wrong, and if so, how I would arrive at the correct answer :)

there are more questions after that but they require this one to be solved correctly in order for them to be calculated, which I will attempt when I have to right answer