I hate Microeconomics

What specifically are you struggling with? I agree though, I didn't enjoy microeconomics, much preferred macro!

I have a degree in Economics and I can tell you that the early classes are difficult. It isn't until much later down to road that you can move on from all the assumptions you are forced to make and really develop new theory.

Given that, my advice would be not to "over-think" the questions on the exams - especially in intro micro courses. That is ultimately what messed me up....Follow the theory strictly and go with the conclusion it leads you to.

Hard to really offer up more advice than that with such a general post. I'd be happy to try and help if you had a more specific question. I will say there are some pretty good YouTube videos out there on the basics of Micro that walk you through the theory in a straightforward (IMHO) fashion. Sometimes looking at the problem from a slightly different angle makes all the difference.

I loved (micro) Econ. To each their own.

I personally thought micro was a relatively easy, yet interesting class. Took it as an elective outside my major

i love economics both macro and micro. they're all very common sense.
advice...i'm sorry i guess if you really love something you'll be good at learning it; however i can suggest a book that i'm currently reading.

THE ECONOMIC NATURALIST by robert h. frank

you may probably heard about this book, too. it's an interesting yet learnable ourtside reading that can help you get to know basic econ concepts through everyday examples.

good luck on your class!

i hope my teacher next year is good cuz im taking AP Microeconomics. for those not in the states, AP level courses are courses that are taken in highs school and when u get to college, can exempt because you already took it. so it is a college level course.

I enjoyed Econ. I found it to be fairly easy to grasp. But my Econ course focused on both micro and macro in probably fewer detail than your microecon class

I hated both economics and statistics. I had the same professor for both and he was great but what was presented was awful. I'm so glad I don't have to worry about those classes anymore.

I didnt like micro when I had to take it simply because our professor loaded us up with busy online homework.

Most of micro is just finding the area of triangles, and subtracting those areas when you need to. On my first exam I drew really poor graphs that were too hard to read and resulted in me messing up the math. After that I took more care in making my graphs and my grade improved a lot.

I liked Micro but not so much Macro. Professors were of about equal difficulty, so more so on the subjects.

I almost majored in economics, but I'm glad I didn't

Glad you pulled out a B.

I preferred macro to micro, but I think a lot of that had to do with my profs. My micro prof was pretty crazy.

Microeconomics is a bunch of pyscobabble nonsense. Fancy words that are made up to explain why people buy things. That was my general understanding of the class. Completely worthless crap.

Microeconomics...Need Help...

Hello Guys! Does anyone of You know how to do this task? I have no idea what I can write about this in 500 words
I will be so grateful if someone helps me.. please

Labour force and production function...

A company’s labour force is composed of three categories. Firstly, there are unskilled workers, described with the symbol L1, displaying low productivity, employed at packing and loading the baked pies. Then, the firm employs skilled workers, described with the symbol L2, displaying high productivity, employed and the actual making of the pies. Finally, the business is managed by skilled administrative personnel, described with the symbol L3, displaying moderate productivity, employed at all kinds of administrative tasks. Below you will find three possible, logarithmic formulae of the company’s production function. Choose the right one and write an argumentation of
500 – 700 words, to justify your choice..


a)ln(Y)=ln(K^a )+ln(L1^b1 )+ln(L2^b2 )+ln(L3^b3 )+ln(A) a>0;b2>b3>b1>0

b)ln(Y)=ln(K^a )+ln(L1^b1 )+ln(L2^b2 )+ln(L3^b3 )+ln(A) a>0;b3>b2>b1>0

c)ln(Y)=ln(K^a )+ln(L1^b1 )+ln(L2^b2 )+ln(L3^b3 )+ln(A) a>0;b1>b2>b3>0

Magie said:

Hello Guys! Does anyone of You know how to do this task? I have no idea what I can write about this in 500 words
I will be so grateful if someone helps me.. please

Labour force and production function...

A company’s labour force is composed of three categories. Firstly, there are unskilled workers, described with the symbol L1, displaying low productivity, employed at packing and loading the baked pies. Then, the firm employs skilled workers, described with the symbol L2, displaying high productivity, employed and the actual making of the pies. Finally, the business is managed by skilled administrative personnel, described with the symbol L3, displaying moderate productivity, employed at all kinds of administrative tasks. Below you will find three possible, logarithmic formulae of the company’s production function. Choose the right one and write an argumentation of
500 – 700 words, to justify your choice..


a)ln(Y)=ln(K^a )+ln(L1^b1 )+ln(L2^b2 )+ln(L3^b3 )+ln(A) a>0;b2>b3>b1>0

b)ln(Y)=ln(K^a )+ln(L1^b1 )+ln(L2^b2 )+ln(L3^b3 )+ln(A) a>0;b3>b2>b1>0

c)ln(Y)=ln(K^a )+ln(L1^b1 )+ln(L2^b2 )+ln(L3^b3 )+ln(A) a>0;b1>b2>b3>0

Click to expand...

Not that hard. Look through your textbook. Search youtube for the function you are trying to learn.

http://www.youtube.com/watch?v=xj9ZHvciAwc

And if you keep saying to yourself that you hate it you wont even try.

Had a little bit of a hard time grasping what was being taught in my Econ 101 class my Freshman year, ended up with a D. But, found it fascinating so kept taking classes in Econ as electives and looking back on college, really wish I had majored in it.

Who had that slogan: "Once You Get It, You Get It?"

Magie said:

a)ln(Y)=ln(K^a )+ln(L1^b1 )+ln(L2^b2 )+ln(L3^b3 )+ln(A) a>0;b2>b3>b1>0

b)ln(Y)=ln(K^a )+ln(L1^b1 )+ln(L2^b2 )+ln(L3^b3 )+ln(A) a>0;b3>b2>b1>0

c)ln(Y)=ln(K^a )+ln(L1^b1 )+ln(L2^b2 )+ln(L3^b3 )+ln(A) a>0;b1>b2>b3>0

Click to expand...

Any illiterate person can also easily this question! Just kidding....it's all Greek to me.

Magie said:

Hello Guys! Does anyone of You know how to do this task? I have no idea what I can write about this in 500 words
I will be so grateful if someone helps me.. please

Labour force and production function...

A company’s labour force is composed of three categories. Firstly, there are unskilled workers, described with the symbol L1, displaying low productivity, employed at packing and loading the baked pies. Then, the firm employs skilled workers, described with the symbol L2, displaying high productivity, employed and the actual making of the pies. Finally, the business is managed by skilled administrative personnel, described with the symbol L3, displaying moderate productivity, employed at all kinds of administrative tasks. Below you will find three possible, logarithmic formulae of the company’s production function. Choose the right one and write an argumentation of
500 – 700 words, to justify your choice..


a)ln(Y)=ln(K^a )+ln(L1^b1 )+ln(L2^b2 )+ln(L3^b3 )+ln(A) a>0;b2>b3>b1>0

b)ln(Y)=ln(K^a )+ln(L1^b1 )+ln(L2^b2 )+ln(L3^b3 )+ln(A) a>0;b3>b2>b1>0

c)ln(Y)=ln(K^a )+ln(L1^b1 )+ln(L2^b2 )+ln(L3^b3 )+ln(A) a>0;b1>b2>b3>0

Click to expand...

The point is that L1 has low productivity, L3 has medium, L2 has high. So I'm guessing it must be a), but I've never taken micro

I also HATE microeconomics, just sayin'

ktastic said:

I also HATE microeconomics, just sayin'

Click to expand...

I think it's down to the professor. If you get somebody who forces your interaction then it's so Much more enjoyable. Just make sure to read ahead and don't fall behind. I got an A grade for Econ 101 so if I can then anybody can.

I can say, I am taking a class for Economics for the non-financial manager and the book we are reading is horrible. From the layout to the tone of the authorm and the way he presents the topics and content. I have asked a few of the other students and they too are scratching their heads at this one.

rhett7660 said:

I can say, I am taking a class for Economics for the non-financial manager and the book we are reading is horrible. From the layout to the tone of the authorm and the way he presents the topics and content. I have asked a few of the other students and they too are scratching their heads at this one.

Click to expand...

Stick at it. After ECON 101, you'll never look at finance in quite the same way again.

dogslobber said:

Stick at it. After ECON 101, you'll never look at finance in quite the same way again.

Click to expand...

I agree with that. Particularly, after you also take a finance course, you quickly realize that econ and finance are not the same and only very tangentially related.