- #31
nitsuj
- 1,388
- 98
DrClapeyron said:
lol, well in that case, supply / demand includes "trade offs".
Suggest me some economic concepts to learn
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The discussion revolves around suggestions for important economic concepts to learn, particularly for self-teaching in economics. The original poster lists a wide range of concepts they are already familiar with, including supply and demand, elasticity, marginal costs, utility, production functions, and various economic models and theories, including Keynesian and Marxian economics. Participants emphasize the importance of foundational concepts such as supply and demand, trade-offs, and the laws of marginal utility. They also suggest exploring game theory, social choice theory, and monetarism, highlighting key topics like Nash equilibrium and the Phillips Curve. The conversation touches on the relevance of mathematical modeling in economics, with differing opinions on its necessity for understanding economic principles. Additionally, there are debates about the effectiveness of government intervention in education and the economy, with some advocating for decentralized systems and competition to foster innovation and efficiency. Overall, the thread reflects a deep engagement with both classical and contemporary economic theories and models.