I am getting extrememly bored of the MicroEcon section.
I thought the best is to move to something I am interested in such as Portfolio Management.
Anyone have any advice or strategies for going through the material when we get tired of one topic?
I am getting extrememly bored of the MicroEcon section.
I thought the best is to move to something I am interested in such as Portfolio Management.
Anyone have any advice or strategies for going through the material when we get tired of one topic?
My advice, if you don’t like economics, is to find a new field. Finance is nothing but applied economics. Good luck.
The thing that I find the funniest is how you want to move into something more “interesting” like portfolio management when portfolio management builds upon the basic concepts of microeconomics (indifference curves, budget constraints, utility functions etc…). I would suggest stickin it out with the micro/quant if you want to make PM easier.
If you think Micro Econ is boring wait until you get to financial reporting…
^haha
as an economics major in college, micro econ was the class i just did cause i had to and never thought of again, but it is important to know and understand,
In college, the only time I went to econ class was on the 1st day, midterm and final
Solid A, piece of cake
Not sure if this helps but I also got really bored of Econ. There’s a lot of reading, it’s pretty easy, but just carries on and on.
The good news is that Econ and FRA are probably the dullest and longest sections to get through (in my opinion at least). Quant was long but I didn’t get bored with it.
Just get stick through and get it done. The other subjects are all pretty bite-size and I found myself flying through them. I wouldn’t skip around between subjects though since all of econ kinda ties in with itself.
wow, you’re so cool.
The microeconomics is tough to get through but its much easier once you get past fra, just keep fighting through.
I haven’t started the material yet BUT, as an MSc in economics I would like to say that this is plain bad advice. Although finance is building upon economics the two fields are nothing like each other. Basic micro-econ can be boring and easy but don’t think that the investment world has anything to do with it. (I assume we all understand the forces of supply and demand without having to go through an eco 101 course).
So patience and good luck with the rest of material
http://en.wikipedia.org/wiki/Financial_economics
You’re right, finance and economics are totally different. My mistake. They’re so dissimilar, in fact, that we make sure economists don’t go near the banking system, let alone run it.
There is a high correlation between the facts that you cite wikipedia articles and give questionable advice when it comes to academic material. And to make a case in point, while you would have to derive autocorrelation functions for time series in an economics course, you probably are only going to be asked to interpret the numbers during the CFA course. Yes, there is a world of difference in terms of techincality and interest.
I really enjoy the Wikipedia defense that I get from everyone every time I link to it. The best part is that if I quoted “credible” journal articles (no journals have errors, after all!) you still wouldn’t have a real argument. I think it’s very cute that you are comparing master’s level econometrics to CFA Level I, though. Keep at it.
Look, aaronhotchner, I think that my point is made clear by a small demonstration and your inability to support your claim. It is my understanding that you are not sufficiently familiar with economics to seperate it from finance or , say, business. There is certainly no need for journals or a debate, especially if you have nothing to bring to the table.
Saying to somebody who gets bored with entry level micro that investments are not for him is irresponsible to say the least.
This is my final response, please do not drag any further. If you have nothing encouraging to say, keep it to yourself.
It is my understanding that your familiarity with finance is on par with your perception of my familiarity with economics.
…which, by the way, if true, would also demonstrate my point about the difference of the fields.
Ok, break it up folks, everyone back in their corner. Nothing to see around here. Move along.
I’m gonna have to agree wtih aaron on this one (MS in Finance…this is what they call a Mexican Standoff). If you don’t think the two are closely related, then you don’t understand one of the two fields. I also have to agree with him that typically the whole “you just use wikipedia” defense is is coupled with a lack of counter evidence. You never did actually provide a supported rebuttal that was anything other than personal opinion. On an unrelated note, isn’t econ usually treated as a PhD level topic?
I think QM is much more integrated with other topic areas than Econ. I didn’t kill myself with Econ on L 1 and did fine, I think its much more important to master Quant, Accounting and of course Ethics.