Macroeconomics – Funny Joke of the Day

Just wanted to add another fun video to keep your interest in economics up and demonstrate that macroeconomics is not all that boring as the economists try to make it look to us – lay -men and -women.

I first saw this video about a year ago when I was taking my Financial Management class. At that time it was interesting to me, but mostly for the esthetic reasons, because it was really pretty well done. I remember the video had to do something with what professor passingly mentioned in the lecture, but it was not very much  elaborated on at that time.

However this year it makes much more sense as we just covered in class the Keynesian and (Neo)classical economic theory, aggregated demand, aggregated supply, IS-LM model, and many other equally as fascinating things. When I watched the video I remembered my professor’s in Microeconomics joke about “Economists do it with models”. The models in the video is what the economists would like it to be, but in reality, it is still more likely they will keep doing it with IS-LM models and such

And since we are on the topic of poking fun at economists, here is another joke on the subject:

TOP 10 REASONS TO STUDY ECONOMICS

1. Economists are armed and dangerous: “Watch out for our invisible hands.”
2. Economists can supply it on demand.
3. You can talk about money without every having to make any.
4. You get to say “trickle down” with a straight face.
5. Mick Jagger and Arnold Schwarzenegger both studied economics and look how they turned out.
6. When you are in the unemployment line, at least you will know why you are there.
7. If you rearrange the letters in “ECONOMICS”, you get “COMIC NOSE”.
8. Although ethics teaches that virtue is its own reward, in economics we get taught that reward is its own virtue.
9. When you get drunk, you can tell everyone that you are just researching the law of diminishing marginal utility.
10. When you call 1-900-LUV-ECON and get Kandi Keynes, you will have something to talk about.

This joke  I picked up from here. There are many more there on economists and economics. And, of course, these are my favorite jokes on MBA.

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