Everything You Need To Know About Economics
If I want to graduate on time and receive both my Electrical Engineering and Computer Science degrees, which I do, my school forces me to pay up and take a summer course completely unrelated to my major, which I am. Thus, I’m stuck in the night-class purgatory that is microeconomics. I’ve had three classes so far and am fairly sure that I have learned everything there is to know about economics. If you, for some demented reason, want to enter this strange field, here is all you need to know:
- A fourth grade level understanding of mathematics. Seems those three semesters of Calculus were all for naught, at least in economics. Here is a comprehensive list of all the mathematical concepts I have used in this course: averaging two numbers, the point-slope formula, solving a simple single variable algebraic equation, and percent difference.
- Supply and demand. High supply and low demand mean low prices; low supply and high demand mean high prices. Or something like that. There’s other factors, but we’re not supposed to consider them because we’d have to solve equations with more than one variable. Gasp!
- Profit is total revenue minus total cost. If reading this made you feel enlightened, then you have a promising career projecting the future of the national economy on MSNBC.
- Those cheeseburger-flavored Doritos are kinda neat the first time, but get really gross really fast. High-level stuff, I know.
- Please let me integrate something before I lose my mind. My brain is melting.
So, in short, if you are not at all mathematically inclined and want a big fancy piece of paper saying how special you are, economics is for you. Hopefully, I’ll survive until the fall semester, when Physics 3 and Probability will have a chance to revive my dead brain cells.
Also, totally unrelated, but you should keep your eyes peeled for this sweet game that’s emerging very soon from the creative womb of my good friend and coworker, Igor Hardy.