Matt_Simpson comments on Valuable economics knowledge available, ironically, for free - Less Wrong

29 Post author: Stuart_Armstrong 18 July 2013 11:30AM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Article Navigation

Comments (37)
Tags: learning course economics videos lectures

Comments (37)

You are viewing a single comment's thread. Show more comments above.

Comment author: Matt_Simpson 20 July 2013 08:29:12PM 1 point [-]

What do you mean by 'content' here? The basic narrative each model tells about the economy?

I think I agree with you. The big difference between the models I learned in undergrad and the models I learned in grad school was that in undergrad, everything was static. In grad school, the models were dynamic - i.e. a sequence of equilibria over time instead of just one.

Comment author: framsey 20 July 2013 09:08:31PM 0 points [-]

What do you mean by 'content' here? The basic narrative each model tells about the economy?

Right. Plus most undergrad models have an analog in grad macro, i.e. the AD-AS model and the New Keynesian model, or Quantity theory of money and a basic cash in advance model.

The big difference between the models I learned in undergrad and the models I learned in grad school was that in undergrad, everything was static. In grad school, the models were dynamic

True in general. Some intermediate macro courses use a two-period framework to explore basic dynamics. Williamson's textbook does this.

Powered by Reddit Powered by Reddit