Taking a Macroeconomics course over the summer. It’s a six week course, so I expect it be very fast paced. Already did my first current event paper one week into the class. If your interested, here is the paper I had to write it on.
This class will definitely pay off when it comes to changing the way i think about the economy and stock prices. The biggest issue about managing the economy is the fact that humans have nearly unlimited wants and a fixed amount of producing power and purchasing power.
My first test covers four chapters and is the week after the class starts. I am taking it on the 21st of May. I took Advanced Placement Macro in high school, so hopefully that will help me out a bit. Expect me to post a chapter review very shortly. I also want to try and get ahead of the curve before I start working in June by studying ahead of the class a few chapters.
Here are some definitions from Chapter One of my Macro book.
-Positive Economics focuses on facts and cause-and-effect relationships.
-Normative Economics incorporates value judgments about what the economy should be like or what particular policy actions should be taken to get there.
-Macroeconomics examines the economy as a whole or its basic subdivisions or aggregates.
This chapter also covers the basic economic charts like the budget line and the production possibilities curve.
In other news, I found this amazing song. A country version of Snoop Dog’s Drop it like its Hot. There are very few country or rap songs that I like, this song manages to combine the two genres. I like it. You can listen to it here.