Macroeconomics First pass

Macroeconomics is really not bad. To get stuff in perspective, imagine a giant star in a glaxy far away exploding and hurling a huge block of super hard matter maybe roughly the diameter equal to the distance getween the sun and Earth towards our solar system. This thing has missed hitting anything in its path and headed straight for us at almost the speed of light.

The event sending the rock has already occured and we have no means to know if we are in its path. What can we do about it? How significant is our existence? What does knowing this mean for us?

I cant even begin to ask the questions to make sense given the scenario, however we can model all our risks using known and measured parameters.

That is exactly what Microeconomics is like. Understanding what can be measured, measuring it, understanding the limits of the measures and trying to guage what happend and what might happen.

whew! that was a wild one was'nt it?

:-)