its complicated undergraduate macro is all trash, no one believes those models anymore, it's just familiarization with data concepts and math frameworks undergraduate micro is basically state of the art but less mathematical and missing a few flairs
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Replying to @eigenrobot @visakanv and
Undergrad micro absolutely is not state of the art unless *looks eigen up and down* you're one of them applied people
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Replying to @Rationalbot @visakanv and
heh are they no longer prescribing mas-colell for PhD students? have we given up on Nash then?
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Replying to @eigenrobot @visakanv and
Ah, I thought you meant undergrad. Still, though, MWG fails to cover the faddish topics of the day (naturally) and so cannot be state of the art
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Replying to @Rationalbot @eigenrobot and
It also fails to cover more prosaic things, like decision theory (beyond the basics) or the modern approach to mech design
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Replying to @Rationalbot @eigenrobot and
Actually re-reading your posts I am now confuse as to the nature of your claim, please clarify
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Replying to @Rationalbot @visakanv and
micro 101 is a decent distillation of basic models of markets a la the first (half? it's been a while) of MWG appropriate for early undergraduates
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Replying to @eigenrobot @visakanv and
I don't recall undergrad texts I saw being particularly straightforward about the fragile assumptions that make the models tick, but I only tutored the class, never took it
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Replying to @Rationalbot @visakanv and
i dont think their mathematical fragility matters much irl for most use cases
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Replying to @eigenrobot @visakanv and
Most use cases of econ 101 IRL are by galaxybrain libertarians worshipping "free markets" based on broken telephone versions of Welfare Theorems
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sure and u know what thats the best case outcome
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