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Author
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Topic: Econimcs question- need some help
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03mach1
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Member # 9866
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posted
 
 
this is for my macro econmics final
does anyone know the school of fish, flock of birds or traffic thoery that is relavant to the supply demand in macroeconomics? it says what is the single commn idea that ties all these examples together? explain the idea and how it ties all examples together. and then it says to solve a problem he gives us with the single common idea
any ideads fella ford members
Posts: 96 | From: brentwood, south san francisco | Registered: Mar 2010
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myzticsnake
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Member # 9334
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posted
i majored in economics at UC Davis and I've never heard of that shit.
Posts: 120 | From: east bay | Registered: Jul 2009
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Nastysvt
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Member # 6431
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posted
understanding of macro level phenomena can only be derived by studying the consequences of the behavior of micro level agents.
The Flock of birds and the school of fish move in unity but no one fish or bird is controlling or directing the group. Same as in traffic jams where cars slow down for an accident which causes an effect for the following cars.
The common idea is that tie these together is the interacting agents, who constant act and react to actions of other agents..does this make sense?
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Posts: 2575 | From: Valley to the Bay | Registered: Jan 2006
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Nastysvt
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Member # 6431
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posted
So to solve the problem of the single common idea would to do the opposite of what everyone else is doing. For instance, if someone started a wave at a baseball game, and when it came to you, you would simply not follow the others behavior.
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Built 98 Cobra
Built C6 Z06
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Posts: 2575 | From: Valley to the Bay | Registered: Jan 2006
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Nastysvt
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Member # 6431
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posted
how it ties into economics is an example of stock markets: Many traders make decisions on the information known to them and their individual expectations about future movements of the market. They may start selling when they see the prices are going down (because other traders are selling). So that behavior can lead to high volatility on stock markets.
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Built 98 Cobra
Built C6 Z06
Daily TBSS
Posts: 2575 | From: Valley to the Bay | Registered: Jan 2006
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Rigo5.0
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Member # 5247
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posted
Did you not take notes in class guy?? ![[Wink]](wink.gif)
I took a few Econ courses and can't recall this.
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91 5.0 [331|T56]
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Posts: 1454 | From: Kansas City | Registered: Jan 2005
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