New semester has just started. I am teaching Microeconomics for undergraduate and graduate levels. And the hard work continues. This time I have lowered my expectation. Even though I'm assigned to teach advance microeconomics, I'll be taking the liberty (or lack thereof) to drill the basics once more. What's the point of forcing advance analytical tools while the basics are lacking? Why the need? Because in these past two semesters teaching environmental economics, I came to realize, most students simply have no idea what the key principles are. Central of the problems is the vague understanding of price. So, we'll labor a lot on that issue.
Welcome, unctuous expressions. I hope we can learn something. And have fun.