do you love economics ?

[maahi]

ya, do you love economics ? why do you like it ? why did you choose it ?
now i chose it bcoz i felt it was easy and something very logical and i liked it .
in particular i love macro and i want to learn more of it . its gives you insights into the real world u see it happening all around .i loathe stats and maths . but i think economics can't be done without these.

since i failed i have just stopped to reconsider my decision if i really like economics ??

whats your take on this ?please share your views.

[X]

 Maahi,I also failed! But does that mean we or economics is useless? NO! We can make it next year! Basically, I'm from commerce background and am attracted to economics just because it is more logical than commerce(as I think)! Every result in economics is based on explicit assumption and groundbraking mathematics. Can you expect such formality and goodness in any other social science?

Actually, I found a new way of thinking from economic philosophies. Though I failed entrance, I became able to see the world more fully. I live in Gujarat and was amazed by Narendra Modi, and his so-called "VIKAS MODEL".After reading world class intermediate economics texts, now I am able to "see" the flaws in it.


I think the problem with us is just that that we can't  appreciate economics fully as we see it just bunch of models and empiric details. But the subject surely is limitless.

I think one should refresh his mind by reading Freakonomics and/or Superfreakonomics and SEE that the subject is actually boundless and deserves only new stunning thoughts. Models and maths are just to facilitate those thoughts.

Thanks.

[Unsure M]

Hey....I failed to clear 4 out of 5 entrances I appeared this year. Yet I feel that I can do better next year if I prepare harder. Just wanted to ask if you guys are considering taking up coaching for the entrances?

[Ozymandias]

Hello Mahi, let me first tell you that one doesn't fail in an entrance exam, one fails in clearing the entrance exam. Secondly, I personally believe that economics is beautiful and I love mathematics, If you like the logic of economics then I can't understand why you wouldn't appreciate the beauty of mathematics, logic prevails.

I used to fear maths till 8th standard and started understanding it, with my determination and my teachers' efforts, and loving it. I feel that the reason that you loathe maths and stats is that you, probably, haven't had a really good teacher. Nevertheless, this one year you have. Start revising calculus and basic stats, watch MIT opencourseware videos online. Practice and just give it sometime. Things will definitely fall in place.

Moreover, there are courses with are particularly not very quantative in nature, may be you want to go to them. DSE or ISI are not the end of the world.

I had taken commerce and took eco cause I thought eco and maths were only subjects that made sense. But that wasn't out of any compulsion, I was getting better colleges for B.com Hons. in DU. But nothing could beat the love for economics.

I too have cleared just Hyderabad university this time, (I feel luck was not on my side, I was worthy enough. May seem arrogant though, but that's how i assess myself). So don't question your love for economics, equip yourself for a better understanding of the subject matter :D Do math and stats for the sake of eco atleast :P they are tools to decipher the more logically sound results, you don't have to be a scholar in them anyways (though you can, a personal choice).
Best wishes.

[X]

Maahi, please visit Harvard Economics professor Greg Mankiw's page love econ, bad math. Hope it will decide you for your path.

[laracroft]

hey Ozymandias, that was a really nice thing u said.... very inspiring indeed. I too have been afraid of maths my whole life... even now too ! But your determination is truly commendable.
 I salute your spirits and wish u all the very best for your session in Hyderabad University.
Have your classes begun there ?? How is your experience overall ??

[Ozymandias]

Hi Lara :) I am taking a gap year. Will pursue my reading interests and take another attempt for D school and ISI next year. Where have you taken admission ?

[laracroft]

Hey i took jnu. I wish u all thr luck for your future endeavour!

[ecoN]

hey lara is there any chance for jnu 2nd list?????

[laracroft]

hi ecoN, i think the list was to be declared around 2 august.... all the very best to u !!

[gkaur]

any idea if they will be putting the 2nd list on the website or do we hv to go there to check? coz as of now theres nothing related to 2nd second list on their website

[maahi]

Ozymandias wrote

Hello Mahi, hi do u have a simple name ? let me first tell you that one doesn't fail in an entrance exam, one fails in clearing the entrance exam. its a same thing  Secondly, I personally believe that economics is beautiful  and I love mathematics, If you like the logic of economics then I can't understand why you wouldn't appreciate the beauty of mathematics, logic prevails.  i hate probability i can't figure out ki ho kya rha hain and moreover y do v hv to learn so many formulae ? now that was a very ridiculous one . also there r so many jokes on economists " they r said to be finding a black cat in a dark room " yeh sare statements ke saath kyun shru hota hain ecotrix ka har chapter ??  aur ye sab eco aur maths kisne aur kaise banayi kahaan se aaya ye sab formulae ??

I used to fear maths till 8th standard and started understanding it, with my determination and my teachers' efforts, and loving it. I feel that the reason that you loathe maths and stats is that you, probably, haven't had a really good teacher.  ya sachi mein  i never got a good teacher . yeh du mein padate kyun nahi hain ?????? Nevertheless, this one year you have. Start revising calculus and basic stats, watch MIT opencourseware videos online. Practice and just give it sometime. Things will definitely fall in place.  i did use MIT ocw but i still didn't make it . i did  a lot of study this time also

Moreover, there are courses with are particularly not very quantative in nature, may be you want to go to them. DSE or ISI are not the end of the world.

I had taken commerce and took eco cause I thought eco and maths were only subjects that made sense.  sometimes eco doesn't seem to make any sense . its all so theoretical  n its based on  so many assumptions But that wasn't out of any compulsion, I was getting better colleges for B.com Hons. in DU. But nothing could beat the love for economics.

I too have cleared just Hyderabad university this time, (I feel luck was not on my side, I was worthy enough. May seem arrogant though ( nt at all i think d same :P but odr ppl must hv been better , but that's how i assess myself). So don't question your love for economics ::: i m doing it because there are odr things that i like like literature , psychology , accounts and my teacher advised me that i should do CA now i think CA is very boring u just have to learn n repeat d entries there s no scope fr thinking and analysing ., equip yourself for a better understanding of the subject matter :D Do math and stats for the sake of eco atleast :P they are tools to decipher the more logically sound results, you don't have to be a scholar in them anyways (though you can, a personal choice).
Best wishes.

[X]

Ozymandias, I am glad to know that you too are from commerce background. Will you suggest me for which programs among dse, isi, jnu, igidr or any other i am eligible as i have done b.com. with 62 percentages not from DU?

Thank you.

[X]

Ozymandias, I am glad to know that you too are from commerce background. Will you suggest me for which programs among dse, isi, jnu, igidr or any other i am eligible as i have done b.com. with 62 percentages not from DU?

Thank you.

[laracroft]

hey since yr aggregate is abobe 55 , i guess ur eligible fr jnu n dse atleast... the rest 2 uneed to check their criteria.... i wish u all the best fr yr study!!
:)

[Ozymandias]

Mahi, CA is not about repeating accounting entries. There are many sub branches, auditing, taxation, mergers and acquisition, and the legal studies. If you have interests apart from economics then you should definitely consider them.

You see, failing in clearing an entrance exam is not something that tests your absolute level of knowledge, to an extent it depends on how others perform on that particular day, in that particular exam. And ofcourse there were other people better than us who got through. But I personally am not satisfied with the way majority of universities operate, they don't declare cut offs and exact number of seats, the marks that we score etc. So basically the system is not transparent enough.

Even I studied a lot and I have no regrets on that part. If it requires time then give it some more time (probability). However, if you fail to understand the application of quantative methods, or the reasons for 'unrealistic' 'purely theoritical' assumptions then I don't think you should still be trying again for economics, move in a direction which you think makes more sense.

My personal experience is that people who understand maths, they try deriving most results which are with in the scope of their knowledge AND thus they don't simply 'cram' firmulaes, they just remember them and they derieve newer shortcuts. Buy its not necessary that you may also enjoy this stuff.

Probability makes sense, I think what bothers you is the random questions where you have to find the probability simply. All distributions, Bayes theorem are not that bad.

Rest, I was just trying to motivate. The point is that everyone likes and dislikes a few topics or subjects, but that's how life goes. We have to accept our weaknesses and then overcome them, that's how we become successful.


X, with a 62%, you are eligible for all programmes, one needs a minimum of 60% for courses other than Eco Hons.

[maahi]

Mahi, CA is not about repeating accounting entries. There are many sub branches, auditing, taxation, mergers and acquisition, and the legal studies.:: ok , bt i still find it boring .  If you have interests apart from economics then you should definitely consider them.  :: ya its getting difficult to figure it out .

You see, failing in clearing an entrance exam is not something that tests your absolute level of knowledge, to an extent it depends on how others perform on that particular day, in that particular exam. And ofcourse there were other people better than us who got through. But I personally am not satisfied with the way majority of universities operate, they don't declare cut offs and exact number of seats, the marks that we score etc. So basically the system is not transparent enough.  : agree

Even I studied a lot and I have no regrets on that part. If it requires time then give it some more time (probability). However, if you fail to understand the application of quantative methods, or the reasons for 'unrealistic' 'purely theoritical' assumptions then I don't think you should still be trying again for economics, move in a direction which you think makes more sense.  maybe . i m so confused .

My personal experience is that people who understand maths, they try deriving most results which are with in the scope of their knowledge AND thus they don't simply 'cram' firmulaes, they just remember them and they derieve newer shortcuts. Buy its not necessary that you may also enjoy this stuff.

Probability makes sense, I think what bothers you is the random questions where you have to find the probability simply. All distributions, Bayes theorem are not that bad.

Rest, I was just trying to motivate. The point is that everyone likes and dislikes a few topics or subjects, but that's how life goes. We have to accept our weaknesses and then overcome them, that's how we become successful. ::thank u fr making d effort :-) :-)  :-)

[maahi]

hi

what i have realised lately that i need to push myself to do the things which i m nt used to so that i know if i like it . initially its usually d bad bt i don't know in which direction. i m so clueless.
the thing i used to hate few years back is now my fav hobby . i don't go a single day w/o it .

[janaki]

hi Ozymandias

I really liked the way you inspired Maahi ,. Btw, if you gave igidr this year, how was the exam? The math portion of it? What all were asked? I am from engineering background wanting to study economics in my masters. I would give only igidr if I give the entrance for economics. Plz suggest good books for statistics and maths. Let me know at the earliest : [e-mail]

regards,
Janaki