IronMaiden said:
Overrated and pretentious in that people assume (and people take the subject hoping to have this presumption made about them) that Economics is a subject of some importance or requires intelligence or it holds some prestige.
Well isn't it important? If more of us knew more about the way the economy worked, even in the most simple form, governments could actually implement policies that would be good for the economy and people could see it for it's actual merits or flaws.
And yes, it requires intelligence. Just as any other subject does. Economics is considered one of the 'harder' subjects and a lot of people struggle with it. So yes, it would require intelligence.
It is actually unrealistic as most examples are confined to a textbook scenario, statistics are constantly changing and could never possibly be correct or even slightly accurate (World GDP) due to the methods in obtaining such statistics, human error, lies etc and the overrall "policies implemented at this very time" issue is very wishy washy, in fact, the whole subject is wishy washy and as aforementioned, extremely circumstancial and text book scenario restrictive.
Statistics normally change because variables change. But I get what you are saying, although I disagree. There will always be errors when collecting data, not just for economics. But that does not mean it is unrealistic. Just not 100% accurate. Compare it to a pure science. Say, Physics. Look at how theories are proposed and how they are accepted after time. Then flaws are seen in the current model and it is refined. How is economics any different? New data collection techniques are formed, new schools of thoughts are developed.
Leave it to the big boys buddy, noone thinks big of you for completing high school economics. Go to university and see how "smart" you are.
haha. And you think people take economics because they think people will think big of them?
I will go to university and I guess that will show how 'smart' I am. What were you trying to achieve with that last line?