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I guess what I would say on this is: Consider your average Microeconomics 101 and Macroeconomics 101. Micro will probably give the average person a few useful
by jrm4 4y ago
I guess what I would say on this is: Consider your average Microeconomics 101 and Macroeconomics 101.
Micro will probably give the average person a few useful tools for business, because it's pretty easy to see where the model is just a model, but basic supply/demand stuff might come in handy.
Macro, on the other hand, will literally make you dumber.
- slowmovintarget 4y agoThis seems exactly backward. Macro is the useful one based on data, micro is the hand-wavy made up stuff based on assumptions of human behavior.
- jrm4 4y agoDon't look at the inputs, look at the outputs. Good data in still equals garbage out if your models are no good.