Wednesday, December 30, 2009

The Glory of Economics (21 times)

My friend recently sent me this, so I found it particularly interesting and thought I'd share it. I even added to it. 

1. Economics prepares you for a career, not just a job. 

2. You get to say "trickle down" with a straight face.

3. Mick Jagger and Arnold Schwarzenegger both studied economics and look how they turned out.

4. You can say heteroskedasticity and know what it means.

5. Get drunk and tell everyone that you are just researching the law of diminishing marginal utility.

6. You can talk about money without ever having to make any.

7. When you are the unemployment line at least you'll know why you are there.

8. Economists do it with interest.

9. Economists can supply it on demand

10. Economists do it with models.

11. Economist are always good at assuming interest

12. Always trying to reach equilibrium in all aspects of their lives.

13. Economists are very adept at coaxing curves to do what they want.

14. Economists are always looking to take advantage of the widest spread. 

15. Always happy to explain the how the base effect will engulf certain lucky people's lives

16.  Understand that in any relationship between two variables, correlation and causation are two different things. 

17. Say 'You can never never have enough Forex' with a straight face.

18. Actually knowing why prices go up (yay for filling the fuel tank before the govt. increased prices)

19. Knowing that the latest balance of payments crisis ok, as long as the country has a generous sugar momma.

20. Economists know enough random information to hold their own in almost any conversation.

21. Economists will Export and Import with enthusiasm.

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