Wednesday, March 14, 2007
6:59 PM...............................................................................
I wanna share an extract of my econs notes with you guys. Cause i find it interesting...haha. (It's used to explain how workers choose to work or consume leisure to maximise their utility in the real business cycle theory)
I like how my prof explains frictional n search unemployment too and the mismatch of workers and jobs.
Quote Prof:"It's kinda like the view of marriage. You'll need time to find your soul mate. At any one time, you find people unmarried. If the world is perfect and there is no search cost, you'll be attracted to your soul mate like magnet, then everyone will be instantaneously engaged and you know...there would be nothing left"
LT: murmur of excitement
Prof: Don't get too excited. In the real world, there is search cost. So it'll take a while to find the one.
LOL. n-us may have a lousy admin. But the teachers are not bad. not bad at all.
I like how my prof explains frictional n search unemployment too and the mismatch of workers and jobs.
Quote Prof:"It's kinda like the view of marriage. You'll need time to find your soul mate. At any one time, you find people unmarried. If the world is perfect and there is no search cost, you'll be attracted to your soul mate like magnet, then everyone will be instantaneously engaged and you know...there would be nothing left"
LT: murmur of excitement
Prof: Don't get too excited. In the real world, there is search cost. So it'll take a while to find the one.
LOL. n-us may have a lousy admin. But the teachers are not bad. not bad at all.
