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[โ€“] 40 points 8 months ago (5 children)

Revenue - Expenses = Profits

Be sure to note this for the test.

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  • [โ€“] 30 points 8 months ago (3 children)

    I think it was one of my macroeconomics classes that was entirely based around Econotopia, a country with an apple economy.

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  • [โ€“] 17 points 8 months ago (2 children)

    Every econ class I had existed to analyze data in a vacuum, I assume because trying to analyze real economic data using what we were taught would have yielded literally nothing of use

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  • [โ€“] 5 points 8 months ago

    It felt like a protestant church with arbitrary numbers instead of arbitrary bible verses. I'm not at all joking when I say that four months of my life was dedicated to an apple economy that I would have thought was stupid as a child. The COVID supply shocks were happening, the most fascinating event in political economy I've seen in my lifetime, and there wasn't a single word about it from the preacher. We just learned more neat little apple facts that didn't line up with the things his students were experiencing and more justifications for why the apple facts are as real as physics. I had to get stoned before it just to not care about being insulted.

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  • I taught a Calculus for Business course once. The amount of times I had to remind business students of this very simple, nearly self-evident formula was pretty shocking. I would have thought that a sophomore in an undergrad business program would have no problem remembering that profit = revenue - cost, but no, apparently that was a tricky one that needed quite a few reminders.

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