Real masters in Ping Pong

http://hw-driver-bal.nctu.cc:52833/pub/slime/sharedMail/film/2005-1130-1.wmv

Do you think cheung can win them?

My web

www.hku.hk/outlaw

You can find my silly work there.

No. 1

J.R. vs P.S.

In today "Short run Macro" course, provided by Joe, an interesting debate between two economists is introduced.

One is the last student of Keynes, the other claimed to be a Keynesian.

They are Joan Robinson and Paul Samuelson. Having a little bit knowlegde in history of economics, should suffice to indicate who is who.

The debate is about the price adjustment process, which P.S. rely heavily on dynamic math skill.

J.R. "I don't know math, all I can do is THINK!"

And as usual, the process can be shown by Demand-Supply curves with arrows signalifing the movement.

J.R. "All the change is only your eyeball."


[Remarks: Previously broken links are fixed.]

Price elasticity of supply vs Monopoly

In today MME lecture, Dr. Tan mentioned the price elasticity of supply is related to antitrust case. Anyone who have studied Price theory should know there is no such thing as supply curve in Monopoly market, so how come there is an elasticity?

Asking her directly after class, she begin the explaination with regarding to Stigler. Her claim is from one of thesis of GJS, which argues when the price elasticity of the "potential" suppliers is high, it is unlikely that industry is a Monopoly.

Vesper quickly reminded me that is a combination of the perfect competitive model and monopoly theory, which is an interesting application of price theory. For this good follow up question, I own him an answer.

Semester II

ECEN2905
English for professional communication for economics and finance students

ECON0107
History of Economic Thought

ECON0301
Theory of International Trade

ECON0701
Introductory Econometrics

ECON0702
Mathematical Methods in Economics

JMSC0101
Principles of journalism and the news media

It seems that there is a common practice to re-interpret the course name here, as what Dr. Yuen did in Econ0706 Uncertainty and Information. Where he argued the course should be called as Risk and Information, with some basic knowlegde about Knightian or Keynesian uncertainty, you will certainly appreciate his claim.

I follow the tradition, for econometrics, I usually call it as economagic, which indeed is a very appropriate name if I take the course in last semester, which is taught by the HKU Harry Potter --- Dr. James P. Vere.

For the rare course --- History of Economic Thought, the outspoken guy announced in today lecture that actually what he will teach is the History of Economic Fault. An exciting yet expected exposition, because I am rational.

MME is one of the most widely re-interpreted course name, what I heard in the past includes Mathematical Mind in Economics, Mathematics Majors in Economics, Mad Man Economics, etc. However, this semester, the most suitable name should be, Mathematics and Methodology in Economics. Have a look of the first tutorial handout, and then you will understand. It seems there is a subsidiary course under the formal one.

Result

Finally, it comes out,

Games and Decisions B+
The Economics of Property Rights A-
Microeconomic Theory B+
Macroeconomic Theory A-
Philosophy of the sciences B-

Semester 1 GPA : 3.34


To be honest, it is out of my expectation that I got a B- for the philosophy course, which graded solely by two papers. The two essays at most worth D, by considering only ideas, not even to mention the english. Judge it yourself.

Histoical part --- Aristotle's scientific knowledge
Modern part --- Simplicity - its Status as a Criterion for choosing among Scientific Theories