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Subject: Re: random notes about school
Congratulations. Youa re doing pretty good.Subject: Re: random notes about school
Economics is certainly an interesting field. I've mentioned a few times over on my blog that it's something of a hobby of mine.If you have any questions or need help with some of the concepts, feel free to ask me. Altho with your grades, something tells me you won't need much help.
Subject: Re: random notes about school
masha'Allah at your grades, sister! May you have the imaan to study for Allah's sake, and may He constantly increase your knowledge. Ameen. =)Subject: Re: random notes about school
Hi there from one of your fellow paralegal students! I saw your name referenced in an MSN article, which linked to your blogs. Really interesting! I always wanted to get to know you more, but we are so rushed at school. I'l probably see you in the internship seminar this summer, as I am doing my internship this summer too.-- Katie G.
Subject: Re: random notes about school
Hi Katie, thanks for visitingSubject: Re: random notes about school
Congratulations on the excellent grades!I majored in econ so I'm a little biased, but I definitely agree that it's a subject worth studying in order to know what's going on. Most journalists don't, so you'll see headlines like "biggest tax hike in U.S. history" without any mention of things like inflation or rising GDP, and it's easier to be taken in if you don't have some background in economics.
My roommate is taking macroeconomics for the first time, and she came back from her class on fiscal policy absolutely raging at the mess that has been made of Keynesianism.
Subject: Re: random notes about school
I think that just a basic understanding of math and a natural skepticism can help a person deal with misleading statistics. One example that I remember had to do with the percentage of registered voters who register. In my state they have something called "Motor Voter" where you can register to vote while renewing your driver's license. The number of registered voters has increased. But if the same number of people vote as before, the percentage of registered voters who vote will go down. I think that fewer people are voting, but that statistic isn't a very good way of judging it.Subject: Re: random notes about school
A basic understanding of math will go a long way, but there are a few concepts (like constant dollars) that aren't really intuitive, and you really need to understand them if you want to look at historical trends. Any time you compare a current policy move to an older policy move, without using constant dollars, you're completely skewing the numbers to make the current policy look bigger - either purposefully, or out of a lack of understanding of econcomics. Either way, it's bad.