Also Econ 101 is required for every undergrad so that you can be confused about everything forever
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Example?
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Supply/demand curve relative to labor markets. Blattman has an explanation I mostly agree with:https://chrisblattman.com/2012/01/11/how-much-economics-should-you-study-in-college-or-why-economics-is-like-a-martial-art/ …
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Step 1: Learn and understand that incentives are the foundation of all decisions. Step 2: Learn and understand opportunity cost. Will get you far by just understanding those two concepts.
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My prof taught 4 principles: 1. Cost Benefit Analysis 2. Opportunity Cost 3. Marginal Principle 4. Interdependence Understanding those, especially during decision making, have made life much simpler.
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Have econ degree. Can confirm. The method of thinking and investigation is valid. Everything else is theory. Tldr; All econ studies rely on assumptions. Most studies are hot garbage. If you want truth, bias every single assumption against your desired outcome.
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I feel like this is true of a lot subjects especially in sciences. For example, in physics you start with Newtonian Physics because they're simpler models and give basic sense of institutions.
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