Thursday, August 02, 2007

Late to Bed, Early to Rise...

...makes for a tired, grumpy runnergirl.

Econ hell has officially begun.

Keynesian models, Classical models, circular flow models, GDP, NI, NNP, CAGR, PPF, MPC, inflation, aggregate demand, nominal values, real values, supply shocks, hedge funds, C+I+G+(X-M)=GDP, supply-side economics, demand-pull inflation, cost-push inflation, phillips curves, laffer curves, contractionary gap, investment spending, money market equillibrium, federal reserve policy, monetarists, utility maximization, triple bottom line, unemployment, regressions, purchasing power, oligopoly, market power, market shares, marginal utility, hyperinflation, ............aaahhhhhhhhhhhhhhhhhhh!

All these terms running through my head! I hate them. I hate them all!

Why do I care if GNP is at an equillibrium level?

Anyone?

Sorry, I just had to vent a little. Perhaps I wouldn't be so bitter if my carefully taken notes from class were any help at all in finishing my take home test. How can someone lecture for four straight hours every Saturday and still not give all the information needed to do these problems?!?!

Ugh, I need some wine.

9 comments:

Randy said...

Forget the bottle...get the jug...this sounds serious...

Aren't you a Texas Aggie? I've recently received a link to a video that was done to the music and lyrics of Granger Smith's song "We Bleed Maroon" don't know if you have seen it or not...but have a box of kleenix ready if you haven't.

http://video.google.com/videoplay?docid=-8818590190243707756

Class of '77 here
Randy

Marcy said...

LOL I was going to say the same thing as Randy!! Go for the jug!! (((HUGS))) chica!!! I can ONLY imagine how stressful school is on top of everything else you have going on. God bless ya!

barbara said...

Say's Law. If inventory on hand doesn't sell at the rate predicted, then prices will continue to be cut until it does.

But I know you knew that.

I can tell you care deeply - LOL!

Marathon Maritza said...

"Why do I care if GNP is at an equillibrium level?"

Um....what???

Hang in there, girl! :)

scott keeps running said...

i think i need some wine too. although the laffer curves sound pretty fun, don't they?

Jamoosh said...

In the income-expenditure model, the equilibrium level of real GDP is the level of real GDP that is consistent with the current level of aggregate expenditure. If the current level of aggregate expenditure is not sufficient to purchase all of the real GDP supplied, output will be cut back until the level of real GDP is equal to the level of aggregate expenditure. Hence, if the current level of aggregate expenditure is not sufficient to purchase the natural level of real GDP, then the equilibrium level of real GDP will lie somewhere below the natural level.

I will say nothing more on the matter...

Christy said...

Wow Jamoosh, I am impressed! Too bad the semester is over, you could have been my econ tutor!

Christy said...

Randy, I am an Aggie! WHOOP! Thanks for the link. I will take a look when I get home. I wouldn't want to get teary here at work. :-)

Vic said...

Yeah, what James said.