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Wednesday Sticky (self.badeconomics)

wumbotarianI want to be the Walrasian Auctioneer when I grow up[M] が 投稿 - stickied post

Here's the Wednesday Sticky.

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[–]wumbotarianI want to be the Walrasian Auctioneer when I grow up[S] 13ポイント14ポイント  (3子コメント)

If you're all interested, go to /r/SandersForPresident and read all the Sanders equivalent of Paulbots defend Bernie's vile statements about immigrants.

The best yet: "he has nuanced opinions."

EDIT: A great jobs program for Bernie Sanders would be building a wall between Mexico and the United States. It has all the benefits Sanders wants! "High paying" temporary construction jobs, infrastructure spending, xenophobia and makes Mexicans and Americans worse off!

I wonder why no one thought of this program before?

[–]alexhoyerhoard plywood now for our ANCAP overlords 7ポイント8ポイント  (1子コメント)

Think about it, there are two countries side by side with similar wealth levels, they decide to implement open borders, but one is a low-tax, low-public service country, the other is a high-tax, high-public service country. Alone, each model can be sustainable, but if you add open borders to the mix, then people who can't work: students, the old, the disabled, etc... would move to the second country to profit from the social benefits. Meanwhile, healthy adult workers would move to the first to benefit from the low tax level and keep more of their wealth. In the end, the welfare State collapses due to a loss of revenue and always higher demands for benefits.

Fucking quality prax

[–]_Rory_T.K. Whitaker's Ghost 1ポイント2ポイント  (0子コメント)

Well it's 100%, half of Europe collapsed upon the creation of the EU... Wait a minute?!

[–]_Rory_T.K. Whitaker's Ghost 4ポイント5ポイント  (14子コメント)

I hope Bernie Sanders and Donald Trump are the candidates for the presidential election. How boring would Bush/Clinton be.

[–]UltSomnia 2ポイント3ポイント  (10子コメント)

I don't know if there's any correlation between being popular this early and winning.

[–]_Rory_T.K. Whitaker's Ghost 1ポイント2ポイント  (9子コメント)

I don't think either Sanders or Trump are actually popular...

[–]wumbotarianI want to be the Walrasian Auctioneer when I grow up[S] 3ポイント4ポイント  (8子コメント)

Trump is. Most democrats I know hate Sanders.

[–]_Rory_T.K. Whitaker's Ghost 0ポイント1ポイント  (7子コメント)

Is Trump really likely to get the nomination?

If he did I think it'll be a slam dunk for the Democrats.

[–]wumbotarianI want to be the Walrasian Auctioneer when I grow up[S] 1ポイント2ポイント  (2子コメント)

I doubt it. If he did, Dems instantly win the Presidency.

In the primary debates, I think Jeb and Rubio will put him in his place.

The only problem with Trump is that he can run his campaign on his own wallet. So Trump could possibly stay in for a long time.

[–]_Rory_T.K. Whitaker's Ghost 1ポイント2ポイント  (1子コメント)

And the same for Sanders, inst-kill if he was put forward.

[–]wumbotarianI want to be the Walrasian Auctioneer when I grow up[S] 0ポイント1ポイント  (0子コメント)

I think so, yeah.

[–]UltSomnia 1ポイント2ポイント  (3子コメント)

IIRC, the GOP went through a billion fad candidates last time, eg Santorum, cane, other people, before settling on the safe Mitt Romney. I don't see why it'll be different this time. I don't know who this year's Romney is, but it isn't Trump.

[–]_Rory_T.K. Whitaker's Ghost 1ポイント2ポイント  (0子コメント)

Why does everyone seem to think I think Trump will win? He's a joke candidate, like Sanders.

[–]wumbotarianI want to be the Walrasian Auctioneer when I grow up[S] 0ポイント1ポイント  (0子コメント)

This year's Romney is Bush or Rubio. Most likely Bush but after reading that Vox article on Rubio I'd like to see more of what he has to say.

[–]schnaken 0ポイント1ポイント  (0子コメント)

I'm convinced that Cain was just trolling. He was actually very qualified and no serious person quotes the Pokemon movie at a political rally.

[–]besttrousers"Then again, I have pegged you for a Neoclassical/Austrian." 2ポイント3ポイント  (2子コメント)

Translation:

We should have an exciting debate about whether we should enact policies that determine whether GDP shrinks by 5% or 8%, instead of the boring conversation about whether GDP increases by 3% or 3.01%.

[–]_Rory_T.K. Whitaker's Ghost 2ポイント3ポイント  (1子コメント)

Or "How much do we hate immigrants"

[–]wyman856I think, therefore I am a horse 0ポイント1ポイント  (0子コメント)

I mean come on, those guys are so selfish they aren't even willing to self-deport themselves!

[–]wyman856I think, therefore I am a horse 3ポイント4ポイント  (26子コメント)

Out of curiosity, are there any hardcore grand strategy and/or boardgamers here?

I know at my university, there's a lot of economics people who do both and I wonder how that compares at large.

Grand strategy games I play are CKII and EUIV, although in this department my group has mainly been playing CKII for the past few months.

In terms of boardgames, I play practically everything. Euro games tend to be my least favorite overall, Terra Mystica is my jam though! As of late, I have gotten crazy into Star Wars Imperial Assault.

[–]haalidoodiOn second thought, let's not go to r/econ. It is a silly place. 2ポイント3ポイント  (0子コメント)

Civ 5 and Vicky II here, if I didn't have tons of work through school I probably would play EUIV as well. I imagine the min-maxing nature of these games naturally appeals to the same crowd that ends up studying economics.

[–]wumbotarianI want to be the Walrasian Auctioneer when I grow up[S] 2ポイント3ポイント  (0子コメント)

I play Civ V. Though I mostly play FPSs (been a PC shooter nerd since I was 4 years old) and MMOs.

[–]Homeboy_Jesus 2ポイント3ポイント  (0子コメント)

I'm a big fan of chess. Best board game of all time IMHO. However, I also enjoy the economics that go into a game of Settlers of Catan.

[–]smurphy1What is fiat? Baby don't tax me. 1ポイント2ポイント  (4子コメント)

Here. Though not an actual economist (just find it an interesting topic. Same with History).

I've been playing EU4 recently while waiting on HOI4. A few months ago I was playing a lot of VicII. For boardgames I really enjoy a good game of diplomacy or Twilight Imperium.

[–]_Rory_T.K. Whitaker's Ghost 0ポイント1ポイント  (3子コメント)

EU is horribly difficult to me.

[–]smurphy1What is fiat? Baby don't tax me. 1ポイント2ポイント  (2子コメント)

EU is the easiest of the games I listed there. HOI and VicII are far more complex.

[–]_Rory_T.K. Whitaker's Ghost 0ポイント1ポイント  (1子コメント)

I've only played EUII, and only as Aztecs, it was not easy.

Edit: Correction, it's EUIII I own.

Have you played CK?

[–]smurphy1What is fiat? Baby don't tax me. 0ポイント1ポイント  (0子コメント)

I have played CK2 and enjoyed it a little at first but now it doesn't seem to draw my interest any more.

[–]PonderayFollows an AR(1) process 1ポイント2ポイント  (4子コメント)

I've been repeatedly watching myself drive Sweden into the ground in Vicky II. That economic system is hard to master. Everytime I raise taxes too high I get massive rebellions.

[–]haalidoodiOn second thought, let's not go to r/econ. It is a silly place. 0ポイント1ポイント  (3子コメント)

Oh hey, I used to play Sweden a ton! Here's a hint: don't worry about money too much, research prestige techs ASAP (your ridiculous starting literacy will help), become a GP, sphere Denmark and form Scandinavia. From there, grow your pop and build your factories while you have state capitalism. Alcohol and furniture are a good start (sphere Brazil for tons of tropical wood) with cars/radios/airplanes/etc. good in the late game.

I've rarely had rebellions purely because of purely high taxes, make sure there's no other factors raising militancy (though keep in mind that high militancy can also be used to force through those sweet, sweet social reforms). Colonizing Africa is a good option and source of resources, manpower and prestige, while staying out of European wars as much as you can will give you a fair advantage. By around 1880 you should have the manpower (and more importantly, the tech advantage) to take on Russia 1v1 for Finland; keep your clergy and craftsmen numbers high to maximize literacy and factory output, eventually switching to laissez faire or interventionism.

Let me know if you're having some specific issues, I've been learning a lot about the game myself with my Argentina and Brazil games so I've got a lot to share.

[–]PonderayFollows an AR(1) process 0ポイント1ポイント  (2子コメント)

Some questions:

  1. Should I be manually managing the trade system?
  2. Once I hit GP is it worth the prestige penalty to sit out of a crisis? Or should I try to join up on the stronger side?
  3. How many clerks to I really need? I've been aiming for 2:1 for a craftsman clerk ratio.
  4. Likewise, how much clergy do I actually need?

[–]haalidoodiOn second thought, let's not go to r/econ. It is a silly place. 0ポイント1ポイント  (0子コメント)

  1. While the trade screen has some great info on it, including what you're able to import/export, how much of such and such a resource is available to your nation (especially useful for coal, which you'll probably be permanently be struggling with--sphering Spain can be an easy way for Sweden to get more coal though), you can't really do much except stockpile, which actually takes away from what is available to your factories and pops. It's good for buying excess factory production (an alternative to direct subsidies in some cases), but not that important.

  2. I usually wait as long as possible and join the strongest side, though in some cases it's worth sitting out, especially since GB can be a real wild card (most of its military is scattered all over the world, so even if it's the top military power, a strong France or Germany can easily beat them). Fortify your border with Russia and maintain a strong navy, and you're pretty much invulnerable from attack though.

  3. Clerks are one of the few things I haven't really figured out, though the wiki can probably help you with that. 2:1 seems awfully high though, but maybe that's just me.

  4. Clergy boost literacy, and provide research points up to 2%. Since Sweden doesn't have to worry about literacy too much (though I would still recommend raising it over time to boost research), 2% is a good number to aim for--anything over that and you'll only be getting marginal benefits in literacy improvement, which isn't really worth the costs for Sweden.

[–]smurphy1What is fiat? Baby don't tax me. 0ポイント1ポイント  (0子コメント)

  1. You can't manage the trade really. You can manage how much your government stock piles. Changing stockpiles of needed war supplies can be useful and having larger stockpiles speeds up building stuff but these can be expensive to setup so usually something that happens later.

  2. Think realpolitik. Don't save prestige by joining a crisis war you won't win.

  3. I think its pretty much impossible to actually have too many clerks in game. (there is a point where you don't want more you can just never really reach it).

  4. 2% for max research. 4% for max literacy gain (this is state specific).

[–]irondeepbicycleI got 99 problems but technological unemployment ain't one 1ポイント2ポイント  (0子コメント)

I went through a huge board game phase with some friends. My favorites were probably Puerto Rico and Resistance. most of my reliable board game friends moved away, so I might get more into it in the future.

I also went through a huge Civ V phase that I'm mostly over. Haven't been gaming much lately.

[–]besttrousers"Then again, I have pegged you for a Neoclassical/Austrian." 1ポイント2ポイント  (6子コメント)

Yep. Favorite games are probably Imperial and Pandemic.

I got an original 1970s Dune for my birthday last year.

[–]wyman856I think, therefore I am a horse 1ポイント2ポイント  (5子コメント)

Woah.

Do you play it that often? Does it hold up at all or does it feel like a game from the 70s?

[–]besttrousers"Then again, I have pegged you for a Neoclassical/Austrian." 1ポイント2ポイント  (4子コメント)

It holds up well enough that it got re-released last year. Unfortunately, they lost the Dune IP,so it's in the Twilight Imperium Universe. So instead of riding sandworms across the desert, there's spaceships that pick you up and transport you.

FUCK

THAT

NOISE

It plays like an awesome game from the 1970s. The mechanics are super clunky. But the clunkiness leads to awesome stuff. For example, if you are the Bene Gesserit you can use the voice to command other players, and you can win if you correctly predict the player who wins (and the turn the player wins on).

I've only played it a few times. It's a game that can be over in 30 minutes or four hours, so it's hard to allocate time to play it.

[–]wyman856I think, therefore I am a horse 0ポイント1ポイント  (3子コメント)

Amazing, I had no idea.

That also may be the greatest win condition of all time.

[–]besttrousers"Then again, I have pegged you for a Neoclassical/Austrian." 1ポイント2ポイント  (2子コメント)

The Spice economy is awesome. The Fremen, Atredes, and Harkonnen factions are the only ones who are able to reliably get spice. They have to pay the Emperor spice to get weapons, and the Guild spice to get troops moved to Dune. The Bene Gesserit don't need spice as much as other factions (they can send "advisors" whenever anyone else sends troops).

It's amazingly thematic, in a way that modern games aren't.

[–]wyman856I think, therefore I am a horse 0ポイント1ポイント  (1子コメント)

That sounds perfect from what I remember about the books.

I think my biggest complaint with Euro games in general is the theme in so many of them feels lacking. They're like the most brilliant engine in the world stuck inside a Ford Pinto.

I remember the feeling I got controlling Darth Vader for the first time in the Imperial Assault campaign when my forces were now overwhelming all of the rebel players. He never got close enough to do any serious damage in that session, but I remember how oddly powerful I felt when he forced choked my friend's character from a distance and he looked at me as if he had lost all hope. You just can't get that from "cube pushing" (and I know, I'm being unfair here, but you know what I mean).

[–]besttrousers"Then again, I have pegged you for a Neoclassical/Austrian." 1ポイント2ポイント  (0子コメント)

Yeah. Lots of modern games are incredibly elegant mechanically, but it's hard to get excited about being the best glass maker in medieval Germany, or the best fish trader in renassisance Netherlands.

[–]HealthcareEconomist3Krugman Triggers Me 1ポイント2ポイント  (2子コメント)

I've been playing Space Empires 3 for closing in on two decades now.

Also does this mean HL3 is confirmed?

[–]WhenisHL3 1ポイント2ポイント  (0子コメント)

By mentioning Half-Life 3 you have delayed it by 1 Month. Half-Life 3 is now estimated for release in November 2690

I am a bot, this action was performed automatically. If you have feedback please message /u/APIUM- or for more info go to /r/WhenIsHL3

[–]besttrousers"Then again, I have pegged you for a Neoclassical/Austrian." 1ポイント2ポイント  (0子コメント)

Man, we missed a lot of "HC3 confirmed" jokes during The Interregnum.

[–]RIPCountryMac 0ポイント1ポイント  (0子コメント)

Currently playing HoI3, waiting for 4. Tried CK2 for a while but couldn't get into it.

I just wish I could get a modern/Cold War version of Hearts of Iron.

[–]fake_weeaboo 0ポイント1ポイント  (0子コメント)

CiV and just got into Victoria II. Unfortunately, none of my friends want to play any of my board games :(

[–]haalidoodiOn second thought, let's not go to r/econ. It is a silly place. 5ポイント6ポイント  (3子コメント)

Please forgive English, I am Polska.

My name is Haali Dooditsky. I grow up in smal farm in Eeast Poland to have make potatos for monies. Father say “Haali, potato harvest is bad. Need you to have study professional Econ in Amerikanski for make many invest in Eeast Poland so make monies for head-scarf for babushka.” I bring honor and investings to fatherland and babushka. Sorry for is not have English. Please into investings Eeast Poland.

-excerpt, “haalidoodi: an autobiography”

[–]irwin08Milton Friedman predicted Bitcoin 2ポイント3ポイント  (0子コメント)

https://www.youtube.com/watch?v=FlxfIdsDynE&ab_channel=hepimordkaTV

[–]HealthcareEconomist3Krugman Triggers Me 1ポイント2ポイント  (1子コメント)

potatos for monies.

There are no potato, only suffer and gulag.

[–]alexhoyerhoard plywood now for our ANCAP overlords 1ポイント2ポイント  (0子コメント)

Two Latvian look at clouds. One see potato, one see impossible dream. Is same cloud.

[–]btfx 0ポイント1ポイント  (11子コメント)

Last week I posted a poorly formed multi-question post, with the first part being about trickle-down economics. So let me try again:

Where exactly does trickle-down break down?

Let's say there is some arbitrary need for fiscal stimulus, someone will get more income, at which point they have several transaction opportunities for their extra buck:

  • Spend money on consumption
  • Spend money on capital or capital maintenance
  • Spend money on securities or bonds
  • Put it in the bank
  • Put it in a matress

For the first four, this just makes spending the money someone else's problem. Either the goods producer, the labor seller in the case of maintenance. The speculator, or the loans/finance department at the bank.

For the mattress case the stimulus is effectively stopped/negated.

I postulate that rich people are less likely to stuff a mattress than poor people, therefore stimulus targeting them is going to be more effective.

So what is wrong with this model? (Or perhaps, what is most wrong, or best demonstrates the wrongness of this model?)

Do we just point to data and say "Bush tax cuts are less effective stimulus than food stamps" or is there some theory trying to explain why?

[–]smurphy1What is fiat? Baby don't tax me. 2ポイント3ポイント  (2子コメント)

Banks don't lend deposits or out of their reserve position. The only difference between stuffing a savings account and stuffing a mattress is the savings account earns interest for the saver and slightly lowers lending costs for the bank (by increasing reserves at a cheaper rate than borrowing from other banks). I would also add that buying newly issued treasuries is effectively the same thing as a jumbo savings account. In all 3 instances the spending stops.

Another point is what the intention of stimulus is. Let's assume a stimulus that went to just the rich could increase GDP more than one that goes to poor people but it doesn't result in as many jobs for the poor or wage growth. Does that make the trickle down more effective? Depends on the goals of the stimulus.

[–]btfx 0ポイント1ポイント  (1子コメント)

Banks don't lend deposits or out of their reserve position.

90% ≈ 100% ... right? And during Bush tax cuts excess reserves were ~0 so it really was 90%+.

slightly lowers lending costs for the bank (by increasing reserves at a cheaper rate than borrowing from other banks)

Again pre-financial crisis that 90% was free spent instantly, so I dispute "slightly" and "cheaper" is an understatement when you mean "free".

I would also add that buying newly issued treasuries is effectively the same thing as a jumbo savings account.

Money goes right back to the government, I guess that makes the fraction of stimulus used to purchase treasuries null in the short term, but if that fraction is not 100% it's not mattress stuffing.
(Though this is probably the strongest argument - marginal propensity of poor people to mattress-stuff might be lower than the effective loss due to spending and loaning the same dollar over and over because it keeps buying treasuries. That transaction loop is probably pretty slow, and the stimulus has to get bigger every time.)

I feel like there might be a good argument here that velocity of money is higher with poor people. There is less urgency when you're comfortable, and financial institutions have 3 day waiting periods all over the place. If the argument was that this "slowness" was locking up more stimulus at any given moment than anyone's mattress, I would buy it.

Thinking about your second paragraph got me thinking, I might have a good answer to my own proposition:

  • Assume nobody wants to hold any more cash than before the need-for-stimulus.
    The target recipient should be whoever will spend it fastest, or rather whoever will start a spending/income chain that will generate the most in transactions in the shortest amount of time.
  • Assume people want to hold more cash now (as one might anticipating a recession).
    The target recipient would be whoever starts the longest spending/income chain before the money gets to a hoarder (though transaction speed might still be a factor). Of course not everybody chooses to 100% spend or 100% hoard, but I think the idea is the same.
  • Maybe direct spending is the best? That way regardless of what happens you get one transaction immediately, everything else being the same. but then you have to limit stimulus to firms that provide government-needed goods and services, which might not jive with the first two points.

Am I on the right track here or just confusing myself?

[–]smurphy1What is fiat? Baby don't tax me. 0ポイント1ポイント  (0子コメント)

90% ≈ 100% ... right? And during Bush tax cuts excess reserves were ~0 so it really was 90%+.

Huh?

Again pre-financial crisis that 90% was free spent instantly, so I dispute "slightly" and "cheaper" is an understatement when you mean "free".

Um no. Alright let's start with how bank lending works. When you get a loan at the bank the bank creates credit by typing numbers into your account. This did not come from anywhere, it was created from thin air. After the loan is created the bank will go to find reserves if it needs more to satisfy a reserve requirement. Lend first, get reserves second.

Most of the time there are more reserves in the system than needed and the central bank will drain the excess by selling treasuries. The central bank must do this in order to have an overnight interest rate of > 0 as excess reserves put downward pressure on the overnight rate. That is why there were ~0 excess reserves prior to 2008.

The important thing about this is that banks do not need your deposits in order to lend. You or anyone else saving money in a bank does not expand that banks ability to lend nor does it expand anyone else's ability to spend. Saving in a bank has the same affect as stuff a mattress except for interest payments.

With your three bullet points at the end I would say that data has shown that for the first two points the answer is that the target recipient should be the poor.

Also another point I forgot. There is a difference in spending on assets like stock and spending on goods. Buying real output can lead to job growth to expand output while buying stocks does not.

[–]haalidoodiOn second thought, let's not go to r/econ. It is a silly place. 1ポイント2ポイント  (7子コメント)

Let's just get this straight: economists have never advocated "trickle-down economics". Economists advocate supply side policies (meaning those meaning to expand the aggregate supply part of the economy) under certain circumstances, though there's a lot of confusion over the definition of that as well (tax breaks are more demand-side than supply-side, while infrastructure and education investment are firmly supply-side policies with some immediate demand-side effects as well).

I postulate that rich people are less likely to stuff a mattress than poor people

How do you figure this? It's fairly well established that the poor have much lower propensity to save than the wealthy.

I'm sorry if I'm coming off as a bit aggressive, but one of my greatest pet peeves is confusion over what supply-side, demand-side and trickle-down mean.

[–]_Rory_T.K. Whitaker's Ghost 1ポイント2ポイント  (0子コメント)

The user is asking what is wrong with (what some people call) trickle-down economics, not what it is.

[–]wumbotarianI want to be the Walrasian Auctioneer when I grow up[S] 1ポイント2ポイント  (4子コメント)

How do you figure this? It's fairly well established that the poor have much lower propensity to save than the wealthy.

Actually /u/besttrousers has stated the opposite - people think the MPC (1-MPS) is higher for the poor but it really isn't.

[–]haalidoodiOn second thought, let's not go to r/econ. It is a silly place. 2ポイント3ポイント  (3子コメント)

I'm surprised to hear that--what source was he using for it? It seems extremely counterintuitive...but who am I to doubt besttrousers?

[–]wumbotarianI want to be the Walrasian Auctioneer when I grow up[S] 3ポイント4ポイント  (0子コメント)

I'm surprised to hear that--what source was he using for it?

I can't remember, which is why I tagged him. Hopefully he will share the source with us.

It seems extremely counterintuitive...but who am I to doubt besttrousers?

Never doubt BT, for He is the second coming of Thaler.

[–]besttrousers"Then again, I have pegged you for a Neoclassical/Austrian." 2ポイント3ポイント  (0子コメント)

Doubt me up!

Most of this is based out of Shapiro and Slemrod's work after the 2006 Bush stimulus. They've got a couple papers in this area - here's one: http://www-personal.umich.edu/~shapiro/papers/Sahm-Shapiro-Slemrod-14Jun2011.pdf

[–]_Rory_T.K. Whitaker's Ghost 0ポイント1ポイント  (0子コメント)

Something I've seen mentioned a few times is that when you take a cross sectional sample you end up with "rich" people who are actually just less rich people having a particularly good year. And given that they form expectations about income over long periods, they are less likely to consume as much in the good year.

Example with one person:

Year 1: I=5

Year 2: I=5

Year 3: I=10

Year 4: I=5

If the sample for that individual was taken in year 3 he may be considered in the high income group, but his spending habits will be more akin to if his income was 5-6.25, giving a lower MPC in that sample.

[–]btfx 0ポイント1ポイント  (0子コメント)

I'm sorry if I'm coming off as a bit aggressive, but

Not at all, I never claimed trickle-down was "real economics", I'm explicitly asking why it's not. I'm also aware that supply side is a real thing and not some Koch brothers Illuminati scheme.

I postulate that rich people are less likely to stuff a mattress than poor people

How do you figure this? It's fairly well established that the poor have much lower propensity to save than the wealthy.

Not disputing that, I specifically separated bank saving (where you might expect only the reserve ratio to get "stuffed") and literal cash hoarding (which I would guess is most popular among 1st generation immigrants from countries with weak banks, poor people, people who got rich this week, and maybe drug dealers).

[–]PonderayFollows an AR(1) process 0ポイント1ポイント  (2子コメント)

Any suggestions for books to augment MWG? I have Varian but would like something which covers game theory in more detail. Good exercise selections are a major plus.

[–]wumbotarianI want to be the Walrasian Auctioneer when I grow up[S] 1ポイント2ポイント  (1子コメント)

Man, Economy and State.

Sorry, couldn't resist.

[–]PonderayFollows an AR(1) process 0ポイント1ポイント  (0子コメント)

Question about market failure? Let me prax it out. Humans act purposefully so the market failure can't exist. See micro is easy.

[–]Homeboy_Jesus 1ポイント2ポイント  (5子コメント)

What was/is your favourite class outside of the ECON faculty at your school?

Personally, my favourite was taking math classes in operations research i.e. linear and combinatorial optimization. Really neat stuff.

[–]___OccamsChainsaw___I love endogenous expectations. They're so bad. 1ポイント2ポイント  (0子コメント)

Some "Philosophy Through Film" course I took during my second year. We watched Total Recall and I wrote what I believe to be the foremost treatise on the Alien Quadrilogy.

[–]NewmanTheScofflawOn an island with Lucas 1ポイント2ポイント  (0子コメント)

Linear Algebra or Intro to Stats. Much more fun than Calc III.

Otherwise I like the philosophy class I took and Ancient Israel class.

[–]Scrennscrandley 1ポイント2ポイント  (0子コメント)

I took a mathematical modeling class that was pretty fun. It sort of served as a culminating class that required the knowledge of all the previous math courses to solve some real world problems.

Outside of math/econ, I took some an anthropology course on peoples of asia that I found to be enlightening.