Exponential compound interest at least is a real thing. They hold put it as a problem to derive it in the first or second month of calculus 2.
Now some of the production functions those are often a black box.
In almost anything with a fenomenological coeficient, that coeficient is doing a lot of work .
Yeah yeah yeah, but literally zero people in econ can do the basic derivation of compound interest. Its like, “how did this get here”? Oh, i just use this formula in excel.
Then in the same breadth they talk about asset pricing by drawing two diagonal lines, when all the model shit is like non-closed-form pde’s that only have approximations.
idk how much you are exaggerating, but as far as calculus goes that’s pretty easy (no shade on comrades who are bad at maths).
Agree. If you do math, the compounding interest formula is an easy derivation. But most econ degrees have like “business math” and nothing beyond algebra. But they learn to solved “complex” problems like this:
If you have 6 workers, and each worker earns $10/hr and can produced two widgets an hour and your product sells for $12, what is the total surplus value extracted from your labor force?
Answer: $84/hr
Americans realized that the more calculus requierments a course had the harder it was for students to pass it. So a while ago they purged calculus requierments from a lot of econ an phisics courses. Im not american but i used to hoard textbooks in pdf and american college level ones practically have no calculus in them.
