Economics is not a body of facts or propositions to be memorized, but is instead a way of thinking. There are diligent students who say, Prof just tell me what pages you want me to learn and I guarantee I will know every word. But memorizing is not enough. Even the ability to derive and prove logical or mathematical propositions does not suffice. Economic insight and intuition must also be cultivated. Insight and intuition tell us what theories or propositions apply in any given context. On the other hand, not everything can be left to inspiration. Insight and intuition must be earned by hard intellectual labor.-Jack Hirshleifer

Economics is not a body of facts or propositions to be memorized, but is instead a way of thinking. There are diligent students who say, Prof just tell me what pages you want me to learn and I guarantee I will know every word. But memorizing is not enough. Even the ability to derive and prove logical or mathematical propositions does not suffice. Economic insight and intuition must also be cultivated. Insight and intuition tell us what theories or propositions apply in any given context. On the other hand, not everything can be left to inspiration. Insight and intuition must be earned by hard intellectual labor.-Jack Hirshleifer

Mankiw. Principles of Macroeconomcis. 6th edition.

Mankiw. Principles of Macroeconomcis. 6th edition.