Two side of the same "course"
I live in the 'double world' as what Keynes described in his masterpiece. Law and Economics are the two I refer to, in the Selected topics in Price Theory. The course, although with the code as 'ECON3108', seems to be a law course entirely in the first three lectures. Today, I have the fourth one, my classmate ask me this after leaving the seminar room, "Are we entered a wrong room?"
A sudden, however small, change in environment (in Cheung's terminology, 'Constraint') usually cause discomfort (if there is a behavioural change, that is what comparative static should predict), not even to mention jumping into another world. The 'new' world is familiar to me --- I lived there for more than two years (that implies I left the real world for more than 730 days, although that also includes time spent on traveling between) --- which is the theoretical world in economics.
OK, no more analogy. Do you find the above paragraph difficult to read? That is what I feel when reading the Antitrust Statutes (The Sherman Act, The Clayton Act, The Federal Trade Commission Act). I made up this to let you have a taste of my first three lecture materials.
Enough. Without further ado, here comes the fourth one. We covered Monopoly pricing model, with uniform pricing, first and third degree price discrimination, and Cournot competition in 2 hours. These stuff should be easy to anyone who has taken Intermediate Micro [WC class], I suppose initially. Needless to say, the real situation is over half of the class appear to be never seen this before, they cannot answer most (simple) questions, not even to ask them come out to illustrate.
Illustration with chalk and blackboard in the seminar room is exciting, believe me. I do the part of Monopoly model with uniform pricing, my friend did the first degree P.D., and the rest was done by Dr. Chung. Could you imagine having a chance to speak and draw diagram in the seminar room, and answer questions raised by the audience? That is really wonderful, that is what I think university learning should be, that is the dream comes over and over again before I entered HKU. Now after two years, dream realizes.
A sudden, however small, change in environment (in Cheung's terminology, 'Constraint') usually cause discomfort (if there is a behavioural change, that is what comparative static should predict), not even to mention jumping into another world. The 'new' world is familiar to me --- I lived there for more than two years (that implies I left the real world for more than 730 days, although that also includes time spent on traveling between) --- which is the theoretical world in economics.
OK, no more analogy. Do you find the above paragraph difficult to read? That is what I feel when reading the Antitrust Statutes (The Sherman Act, The Clayton Act, The Federal Trade Commission Act). I made up this to let you have a taste of my first three lecture materials.
Enough. Without further ado, here comes the fourth one. We covered Monopoly pricing model, with uniform pricing, first and third degree price discrimination, and Cournot competition in 2 hours. These stuff should be easy to anyone who has taken Intermediate Micro [WC class], I suppose initially. Needless to say, the real situation is over half of the class appear to be never seen this before, they cannot answer most (simple) questions, not even to ask them come out to illustrate.
Illustration with chalk and blackboard in the seminar room is exciting, believe me. I do the part of Monopoly model with uniform pricing, my friend did the first degree P.D., and the rest was done by Dr. Chung. Could you imagine having a chance to speak and draw diagram in the seminar room, and answer questions raised by the audience? That is really wonderful, that is what I think university learning should be, that is the dream comes over and over again before I entered HKU. Now after two years, dream realizes.
posted by Outlaw at 6:53 pm
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