this post was submitted on 14 Feb 2024
1577 points (97.1% liked)
tumblr
3432 readers
358 users here now
Welcome to /c/tumblr, a place for all your tumblr screenshots and news.
Our Rules:
-
Keep it civil. We're all people here. Be respectful to one another.
-
No sexism, racism, homophobia, transphobia or any other flavor of bigotry. I should not need to explain this one.
-
Must be tumblr related. This one is kind of a given.
-
Try not to repost anything posted within the past month. Beyond that, go for it. Not everyone is on every site all the time.
-
No unnecessary negativity. Just because you don't like a thing doesn't mean that you need to spend the entire comment section complaining about said thing. Just downvote and move on.
Sister Communities:
-
/c/TenForward@lemmy.world - Star Trek chat, memes and shitposts
-
/c/Memes@lemmy.world - General memes
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Neither- business major and been tutoring 1st year economics for the last two years or so.
As I say, it's a common mistake. We teach for the test, theory and how to apply it in a business context but it doesn't take into account reality and wider issues... that's later on.
Not a problem - always happy to talk with people who want to discuss rather than argue.
I'm always a fan of discussion. I'm also a fan of being corrected constructively.
To be fair, my understanding of economics, while it may be better than most, is all based on my college courses from more than 10 years ago. It stuck with me, and has helped to guide a lot of decision-making. I rarely buy the cheapest option when I need something, and spend time weighing the benefits of options to try to find something that I believe will provide a low TCO and high ROI.
Of course my needs are fairly simple compared to the complexities of businesses and public facing services. The exercise allows me to stretch my economics skills a little and I enjoy it for the most part; needless to say, I'm a bit rusty on the specifics.