Macroeconomics Chain Reaction
I’ve never hated Economics until I take EC2102 - Macroeconomic Analysis I. I have taken EC2101 - Microeconomic Analysis I (Year 2 module) last semester and am taking EC3101 Microeconomic Analysis II (Year 3 module) this semester and I find that I can handle the Microeconomic Analysis II much better than a Macroeconomic Analysis I despite that the former should be a more advanced year 3 module while the latter is a more introductory year 2 module.
I hate macroeconomic solely for that fact that it requires too much memory. Not really pure dead memory per se, but a rather logical thinking + memory, so it’s not as bad as studying history or biology. However, the fact that the logical thinking part of this module involves a huge chain reaction makes me detest it so much. And when I mean huge chain reaction, I mean really really huge.
One example, suppose the current and future production function increase (due to reasons like advancement in technology). Such huge long list of chain reaction would happen, based on the Real Business Cycle model.
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(Lecture note is copyright of NUS.)
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The bad thing is that that is not just explanation for us to get the concept, but it is to be reciprocated in full in exams, together with accompanying graph sketches. And to make things worse, this is only 1 of the few models that are covered in the module. I can’t even memorize one, how can I memorize all?
I failed my mid-term test for this module. I hope I would not fail the final exam though I know it is not impossible.
I might have to drop the whole minor in Economics if I actually fail this module, not mentioning that my CAP (Cumulative Average Point) for my degree would be badly affected.
November 30th, 2006 / Trackback