Thursday, December 17, 2009

Why Studying Law is So Hard
Mike Rappaport

This strikes me as right

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Mike Rappaport


Econ's tough that way too. If the price of widget has risen, what can we say about movements in the supply and demand curve? Answer: *Either* supply has shifted up or demand shifted up, or both. That's a tough answer for students to grasp.

(Second part: what data would help you pin down what happened? --Answer--what happened to quantity will help some. )

Posted by: Eric Rasmusen | Dec 17, 2009 7:28:25 PM

Studying law is hard?

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