The economics professors at the University of Calgary are a wonderful bunch. Somehow, in my entire degree, I've had exactly 2 professors who weren't middle-aged, dorky men. But luckily for all of us in the field of economics, nerds are back in.
Over the past several years, I've had some interesting interactions with my econ profs, starting with the first economics class I ever entered. I walked into the first lecture of Introduction to Macroeconomics on a Monday at 8 am, only to find my instructor (in this case, not a prof, but a PhD candidate) blasting "Don't cha" over the giant lecture hall's stereo. You know, that really annoying song that was cool in 2005?
I've had all kinds of econ prof moments over my career as an economics major, the crown of which took place yesterday. there was supposed to be a midterm in my "Economics of Taxation" class at 2:00. The whole class was there waiting at 2:05 and there was no professor in sight. We sat nervously, thinking that any minute, he'd walk in and we'd start our exam. He finally walked in at 2:27, did a second take at all of us sitting anxiously, and asked, "When does this class start?" Turns out that although he's been teaching us twice a week at 2:00 pm, for some reason he thought that the class started at 2:30. The exam has been postponed until Tuesday. The thing is, he's such a good prof that I can't even get mad about it. He's an incredible instructor, just prone to a little "econ prof weirdness" like all my other beloved Economists:
"Oh, there's no substitute good? Well, then, I guess we'll just kill you." Dr. H, referring to the ethics of price discrimination based on elasticity of demand.
"So this picture looks good, right? We're all happy with the Ricardian model of international trade? WELL, IT'S WRONG. I've been lying to you, and it's time to confess." Dr. G, telling us that our beloved idealized theories have no real-world applications.
"So if you want an allocation that's efficient AND fair, you'll just have to take someone's endowment away." Dr. W, on the futility of welfare policies.
"Goods are normally normal– it's why we call them normal goods!" Dr. G's thoughts on normalcy.
"With the kinds of prices we see in our world, we could live happily ever after, if only our equilibrium would behave itself!" Dr. W.
"Let's consider non-basket case economies..." Dr. G, on why we can never get good conclusions from African data.
"Agriculture tends to be a sacred cow everywhere." Dr. G's thoughts on Hinduism in relation to the EU's Common Agricultural Policy.
"... and so even though he might be better at both, I specialize in being a university professor and Bill Gates specializes in being a CEO, and we're both better off! Well, maybe him a little more than me..." Dr G's explanation of comparative advantage.
Oh, economics. The fun times never stop.