eveglass | The state of the studying

Despite appearances, I think I'm actually as ready as I'm going to be for tomorrow's macroeconomics exam. Let me be clear: I don't know everything, and I have no desire to know everything. On the other hand, the nice thing about macro is that it builds on itself, so if you're okay with the fundamentals, you can probably figure out the rest of it as you go. Which is more-or-less where I find myself.

I haven't really memorized any formula (well, maybe a few), and not many relationships, either. But the ones I do know are pretty wide-ranging. In fact, I think it mostly comes down to two relationships: 1. an increase in money supply = a decrease in interest rates; 2. an increase in interest rates = a decrease in GDP. It's amazing how much you can figure out with just these two relationships and a few simple graphs.

So I guess I won't do too much more studying today. Most of the stuff I don't know are the piddly little details I won't learn in a day anyway. I guess it's off to write Daily Breadcrumbs and go to the library, then. Bye!