written by Daurie Augostine

-- written by Daurie Augostine



Monday, January 18, 2010

Welcome to Microeconomics!

I've always believed that students with good visual skills tend to do well in microeconomics. I assume it's because there are several graphs that one needs to be good at analyzing, and this is what throws a lot of people off. It's not that the graphs are complicated but there *are* several of them, and the skill needed is the ability to visually see and understand the similarities and differences in the models. This course also demands that you understand theories & models from 3 different perspectives ----- mathematically, graphically, and verbally.
It's also the type of course that makes more sense when you get to the end of it, and when you look back over what you've learned. But have patience and remember how well you did in macroeconomics. Microeconomics is not more difficult, it's just different!