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Thursday 24 September 2009

Shifts in Supply & Demand

Check out the clip on shifts in Supply & Demand



Mr Bentley

2 comments:

  1. I would not like to comment on the video above (although it is quite good). Instead, I would like to ask some questions about John Forbes Nash, Jr.

    It is quite obvious for me to understand his great contributions to the world, especially that to the mathematical world...

    ...but I do not understand his contribution to economics.

    I would like to see that this man is taken from the post of economist of the month.

    I also do not understand why game theory is such an important theory. Shouldn't opportunity cost be taken for granted anyway? Perhaps I am wrong, and have misunderstood game theory, but I would love to be corrected.

    In my opinion, this game theory is a load of nonsense. If I understood correctly, it is about opportunity cost, which should be taken for granted.

    Furthermore, I would like to emphasise that this man, John Nash, is taken away from this prestigious post of economist of the month.

    Yours sincerely,

    Sami.
    VI-1.

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  2. I would again like to make another complaint (or two).

    I have just watched the 'Learn from a Ninja' Video about gane theory. A monkey could've thought of that if one gave him long enough.

    This theory is based on opportunity cost (i.e. that one option is the opportunity cost of another). Nash is not a clever man, neither does he deserve to be appointed with such a prestigious title, such as economist of the month. Once again, a monkey could do what he did.

    Furthermore, the economists of the month keep changing every week or so. In this case, they should not be appointed economists of the month, but, instead, economists of the week. This is a complaint.

    Also, I would like to reinforce that Nash is taken from the post of economist of the month (or week, rather), because he is a monkey, just like Gordon Brown.

    Yours faithfully,

    Sami.
    VI-1.

    ReplyDelete