/biz/ - Business & Finance

[Anonymous No.49970779]

How many of you actually have a degree in economics? Do you truly understand the market if you don't even know the basics of it?

[Anonymous No.49970796]

>>49970779
Is this from a community college? This is what third-rate economic education looks like.

[Anonymous No.49970852]

>B
>D
>D
>C
>D
>A

I took one econ class and got a B

[Anonymous No.49970921]

[Anonymous No.49970951]

>>49970779
B D D C C A

[Anonymous No.49970971]

>>49970796
I dont see what's wrong with this? You sound like a real killjoy and probably the midwit of all of your peers

[Anonymous No.49970983]

>>49970921
20 units

[Anonymous No.49971009]

>>49970779
I did, at NYU Stern, but I dont care AT ALL about your image. How about this for an answer: S N E E D

[Anonymous No.49971042]

>>49970779
Nah, I took 2 Econ classes for my gen eds though.

[Anonymous No.49971055]

>>49970921
40

[Anonymous No.49971090]

>>49970779
Yes, I have a Bachelor's in Economics from a top 10 public business school, AMA

[Anonymous No.49971092]

I have a degree in economics and i understand the world and markets around me probably better than someone who only studied chemistry or law

[Anonymous No.49971112]

>>49970779
What exam is this McDonalds college?

[Anonymous No.49971124]

I have a degree in economics and am basically an economist for a living.

[Anonymous No.49971134]

>>49971090
Was it worth getting the degree? What is your job if you have one?

[Anonymous No.49971144]

>>49970779
i have an undergrad in econ and math, what a waste of time

[Anonymous No.49971156]

>>49970779
Am i retarded? I don't study economics, but how much do i know?

[Anonymous No.49971186]

C
D
D
D
B
C

No econ degree, but I bet I beat all the brainlets here

[Anonymous No.49971209]

>>49971090
> Claims bachelor's in economics
> Doesn't answer the questions

Yup, this guy's definitely an econ major

[Anonymous No.49971266]

>>49970971
My economic education is rooted in Popperian scientific method so questions of this form are just very grating to me. For example question #1 presupposes unanimity of opinion among economists, it presupposes agreement about what constitutes a 'positive' statement, it encourages students to understand definitions by appealing to the authority of the prevailing view held by 'economists', etc. I just don't see it as practical understanding having to do with the problem of formulating and applying economic policy in the real world. A first-rate education produces students capable of implementing policy in the real world, with fruitful results. This is just something else entirely.

[Anonymous No.49971390]

>>49971266
Education doesn't produce students capable of doing shit. It teaches students who have the capacity to do shit what the common standards and conventions are and gives them some background information so they don't have to learn hundreds of years of collective human experience from scratch. No amount of schooling will produce something productive from trash, the good people are born like that and schooling just gets them there a bit faster.

[Anonymous No.49971615]

>>49971266

You're full of hot air

[Anonymous No.49971629]

>>49970921
le cursed image. hasn't been posted in a while.

[Anonymous No.49971725]

>>49970921
philosophically speaking he didn't earn anything, as trading is parasitic behavior

[Anonymous No.49971744]

non-econ brainlet here. had a quick question.
with the dollar as the reserve currency, would it be better to have the treasury print money instead of the fed to avoid interest/debt?
also does this address the triffin paradox?
and would inflation be mostly exported overseas?

[Anonymous No.49971768]

>>49970779
I do, and probably 80-90% of the stuff I read here is absolutely retarded bullshit bred by economic illiteracy.

[Anonymous No.49971788]

>>49970779
I do. No, I don't understand anything.

[Anonymous No.49971838]

>>49970779
the market does what it does, regardless of what economists think about it. study poetry - your chances of figuring it out are the same

[Anonymous No.49971853]

>>49970779
DDDCCC

[Anonymous No.49971858]

>>49970779
buy high sell low, the /biz/ way its not that hard.. everything else is anyone's guess

[Anonymous No.49971873]

>>49971744

> "Quick question"
> Asks three questions that each require an indepth explanation and deeper knowledge of international trade and currency exchange

Stop trying to flex retard

[Anonymous No.49971910]

>>49971615
If I said something false then please let me know. Thank you.

[Anonymous No.49971923]

>>49970921
>$100
>Goat + $40
>$110
>Goat + 30
>$120
>$120 - $100 = $20 profit

[Anonymous No.49971937]

I read Mises and Rothbard and took 3 or 4 college courses to gain a full understanding of how drooling retarded the stuff they are teaching in schools is.
I'm doing pretty well as it is and am yet to starve to death.

[Anonymous No.49971951]

>>49970796

This is literally retarded - questions are thing you should know in fucking high school, is america education really this low IQ?

[Anonymous No.49971963]

>>49971725
Only right answer

[Anonymous No.49971968]

>>49970779
economics is the psychology of choice. it doesnt teach you how to trade shitcoins you fucking newfag. and yes I have a degree in econ and cs. total waste of time

[Anonymous No.49972060]

>>49971156

Here's a dead simple explanation: the goat was purchased at $60 and sold at $90 where the buyer missed out on $10 gains between 70 and 80.

$30 gains - $10 opportunity cost = $20

[Anonymous No.49972149]

>>49971209
I got a first in Econ with finance and I haven't used my economics knowledge really since I graduated, but crypto has been a great tool for learning finance in the real world.

[Anonymous No.49972223]

>>49971968

Based

[Anonymous No.49972538]

>>49970921
Thirty? His initial was 60 and his latest is 90 so it shouldn't matter whatever intermediary gains losses but only the finally realized profit. I am clueless if it's something else. I'll ask my garloid to claim my ethereum now just in case.

[Anonymous No.49972656]

>>49971838
Incorrect. Poetry as an art requires the most acute intelligence to assess, (despite of millennial and zoomer obsession with the atrociously labeled STEM) and as a result, any in-depth reading of it enhances one's cognition amply and aptly, so that any intellectual endeavour should promptly follow.

[Anonymous No.49972805]

>>49970779
fuck your economy niggerality and fuck you irrelevant nigger
jews want to reformat earth, no borders, no nations, free access to all resources but only for the chosen ones and their slaves to do stuff, people migrating all the time, grey mass of soulless npcs, and many gullible liberal retards who fall for this and think it's a good idea for all people to intermix don't get that it wouldn't solve anything but in fact make everything much worse because everywhere there are people there are conflicts

[Anonymous No.49972832]

>>49970779
>How many of you actually have a degree in economics?

>degree in economics: toilet paper that states you believe kindergarten level explanations of how people trade gold IOUs

even the top economist theoreticians cant agree on the basic axioms that even define what money or trade is. economics is NOT a science despite being able to quantify and analyze every aspect of a working economy. At the end of the day its just guesswork based on statistical analysis. Only jews and hucksters would disagree on this

[Anonymous No.49972837]

>>49972538
First sell he made ten, second sell he made ten

[Anonymous No.49972855]

>>49970779
>C
>D
>D
>D
>C
>C

[Anonymous No.49972865]

>>49970779
post answers

[Anonymous No.49972894]

>>49970779
The economy runs on loans.
The point is to take out a loan and have someone else take a bigger loan to pay that back.
You repeat this proces until there is a market crash, with the last loan-taker holding the bag

[Anonymous No.49973582]

>>49972538
The intermediate step cost him $10 so you have to subtract that from the $30.
Just look at it as 2 transactions. He makes $10 in each of them.
Alternatively, you add up the costs and the two incomes, then subtract the totals.

[Anonymous No.49973640]

>>49970779
answers

[Anonymous No.49974152]

>>49970779

>Go to college.
>Learn Keynesian Economic Theory
>End up always being wrong about economics
>Educated.jpeg

[Anonymous No.49974199]

>>49973582
What if he sold the first time to invest in a cow that he sold for $20 profit before buying back into goatcoin?

t. opportunity cost understander

[Anonymous No.49976282]

>>49973640
>No one ITT got them right
Seems about right for /biz/

[Anonymous No.49976305]

>>49971266
based
>>49971937
double based

[Anonymous No.49976363]

>>49970921
three fiddy

[Anonymous No.49976395]

>>49970779
does your economics degree take into cartels, corruption, bribes, cyber IP theft, central bankers, corrupt CEOs/politicians, changing political land scapes, niggers burning down companies, unions, lawsuits etc? Efficient market theory my ass. Out side of adam smith and basic discounted cash flow models the rest is meme. Econ and finance majors are worse than the weather men. Buffet/munger have stated the above on numerous occasions.

[Anonymous No.49976547]

>>49973582
But why? All that's relevant is he once had 60 and now he has 90. What am I missing here? He ended up with 30 bucks more than he started with. I'm really confused about the reasoning there. I didn't miss the 10 lost at the second tx, I just can't grasp how that affects the final outcome at all.

[Anonymous No.49978507]

>>49970921

I'm pretty sure the answer is ten (10)

buy 60
sell 70; profit = 10
buy 80; profit = (10); net profit = 0
sell 90; proft = 10; net profit = 10

[Anonymous No.49978599]

>>49970921
The answer is hodl

[Anonymous No.49978711]

>>49970921
For the sake of simplification let's say his initial capital was 100$. So he buys a goat for 60$, cash is down to 40. Then he sells for 70, cash is up to 110. Then he buys back for 80, cash is down to 30. Finally he sells it for 90$, and his final result is 120$. 20$ up from his initial capital.

[Anonymous No.49978747]

>>49970779
The answers are whatever the person in front of me put down but with one answer changed to a random answer

[Anonymous No.49978776]

>>49970779
>economics degree
I’m guessing everything they teach is bullshit propaganda like everything else.

[Anonymous No.49978779]

>>49970921
Niggie broke even

[Anonymous No.49978799]

>>49970921
$20

[Anonymous No.49978800]

>>49970779
Yes because I'm rich, explain to me how a degree in economics can make me more rich?

[Anonymous No.49978801]

goat math just brutalizing biz

[Anonymous No.49978808]

>>49973582
>>49978507
>>49978799
Damn you're dumb

[Anonymous No.49978811]

>>49972060
He made $10 each sale, simple as

[Anonymous No.49978828]

>>49971725
No it isn't. He saved up resources and the guy selling the goat got money in that example. Can't tell if you are retarded or something

[Anonymous No.49978854]

>>49978811
>>49978828
He clearly broke even

[Anonymous No.49978917]

>>49978854
Kek ok, think what you want

[Anonymous No.49978931]

>>49970779
And does this make you a good trader? Likely answer no.

This means again you’re dependent yet again sucking up to key persons in your life providing them to food and the to feed yourself second, and you are the second priority(beta), unable to feed yourself.

[Anonymous No.49978974]

>>49970779
This is your first macroecons unit cunt aaahahahh I finished my degree from one of the best colleges in my state with flying colours. Smoked bongs every day+night and never attending classes. Undergrad commerce is a joke and should be treated as such.

[Anonymous No.49979010]

>>49976282
>answer the subjective questions right in my textbook ruleset opinion goyel or else you won’t get a pass
If every question was correct, the market wouldn’t behave sporadically and everyone could predict the future to a t. This joke debt issuance society is proof economists have failed and are just browbeaten and groomed in to making sense of a scam. Economists have zero power and are the grade school janitors of finance.

[Anonymous No.49979031]

>>49978917
>Buys goat for $60
-$60
>Sells goat for $70
+$70= $10 total profit
>Buys goat back for $80 like a fomo jeet faggot
$70-$80= -$10 total profit
>Sells goat for $90
This nigger broke even and you pee brained faggots need to stop

[Anonymous No.49979132]

>>49973640
>econ is a totally real super scientific model
>just make assumptions if its easier, fuck it
Top kek, I have a finance degree but honestly econ is way more jewish

[Anonymous No.49979183]

>>49970921
I can't believe the number of retard niggers who can't see how obviously the answer is 20, I hope to god people are meme'ing and pretending to be stupid.
-60 + 70 - 80 + 90 = 20
Or, assume he started with 100,
100 - 60 = 40
40 + 70 = 110
110 - 80 = 30
30 + 90 = 120

[Anonymous No.49979215]

>>49979183
You're a stupid nigger

[Anonymous No.49979287]

>>49978801
>jaanies

[Anonymous No.49979333]

>>49979215
kill yourself

[Anonymous No.49979348]

>>49970779
you need a degree in economics, social psychology, marketing, computer science, cybersecurity, japanese, game design, krav maga to start to understand crypto

[Anonymous No.49979459]

>>49970852
>>49970951
>>49971156
>retards who never took economics in high school don't know what a positive statement is in an economic context

[Anonymous No.49979777]

>>49979459
>le jargon
Eco faggots will cope endlessly with the fact that fractional reserve banking, debt based currency borrowed into existance from the future, central banks with unlimited power exists. muh efficient market model? It's owner based market model. They do what they want and feed you nice lies and endless amounts of shoestring theories to make it sound great and get faggots "educated" on their scamtastic model to make it function by participating in the perpetuation of the lies and fraud. It takes just a few button presses for them to send us into another "crisis". Only when you get through the jargon and fight through the obfuscation brainwashing overload. Maybe one day. But knowing how many low iq normies are on this board now probably never.

[Anonymous No.49979998]

>>49970779
never taken a serious econ class beyond just econ 101 like 6 years ago
>A
>C
>D
>D
>C
>A

[Anonymous No.49980011]

>>49970921
if the us government has 10T dollars and has the fed print out 20T dollars how many dollars did they make

[Anonymous No.49980056]

>>49979215
>>49978779
>>49978808
never seen someone be this aggressively wrong before

[Anonymous No.49980064]

>>49979031
The balance at each step is
-60
+10
-70 (pays 80 but had 10 profit from before)
+20
If you really can't follow that then maybe you should stop trading.

[Anonymous No.49980523]

>>49970779
People I know who have economics degrees work as truck drivers, store clerks, fast food workers and factory workers.
That's where you work when you really understand the market.
One of these people also bought crypto in November.

[Anonymous No.49980572]

99.999999% of economists don't understand macro basics. Most of them still think 2007-2008 was fundamentally about housing.