From the daily archives:

Saturday, November 26, 2011

In my recent post on Macroeconomics I quoted a joke from my Microeconomics professor that “Economists Do It with Models”. He never implied it was his joke, and mentioned that he had seen it on the t-shirts of Economics students at either MIT or University of Michigan. So I knew it was a widely circulated joke among the economists.

This week I discovered that one of the economists has actually taken that joke to a whole new level, namely Top Level Domain name – www.economistsdoitwithmodels.com Great site all-around with a pinch of humor and healthy sarcasm (now that I typed it, it made me wonder if there is such thing -  “a healthy dose of sarcasm”.  I know people complain when I occasionally slip on my sarcastic side, but it maybe because I overdose ;-)   ).

Anyways, the site has a lot of quite insightful posts on economics and economists. I found specifically interesting one on whether the teachers in schools are overpaid, because it was closely related to the Negotiation simulation -Ridgecrest School District Dispute  I had in my MBA class just recently.

There are also links to other sites dedicated to Economics, both serious and “tongue-in-cheek” types. They will get you on the right foot in your research on modern economics topics.

The main educational value of the site, however, is in over four dozen of tutorial videos introducing the principles of microeconomics. Not surprisingly, the N. Gregory Mankiw’s textbook Principles of Microeconomics is used as a framework for the videos. If your Microeconomics professor drives you to boredom in his/her lectures so that you completely lose interest in the subject and cannot get it because of that, give a try to the Econ101 videos on that site. It might as well do the trick.

Speaking of the t-shirts that I mentioned at the beginning of the post. It seems that the author of the site created her own line of products around “Economists Do It with Models” theme. So if you really want to make a lasting impression, you can go beyond the mainstream t-shirts and caps and get  yourself appropriately imprinted briefs, available both for ladies and gents ;-) .

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