17 May 2022 3:29 pm
Well, first, community college needs to be separated out from graduate level economics. I would expect much more from those who are working toward a masters or PhD in economics. But, ****, even at that level, WITH NO REAL WORLD EXPERIENCE, you are probably expecting too much.impartialobserver » 17 May 2022, 3:22 pm » wrote: ↑ I guess that I can at it from the standpoint of someone who taught economics and statistics at the graduate level and at a community college. The students were clueless when I asked them to really explain a concept to me. Yes, they could spit out some curated, memorized stuff but they had no fundamental understanding. For example, they could do a supply - demand graph but ask them to explain a vertical demand line and you may as well be speaking Uzbek.
At the community college level, you'd be lucky if they understood what equilibrium is. As for the vertical demand curve, that's more of a philosophical concept than economic modeling. Seriously, how would you define infinite demand? Or, I suppose, demand which simply cannot ever be satisfied?