My professors quite often warn me that economists are particularly bad at predicting the future. I used to say we leave the useful things like that to the finance majors, but given recent performance, it’s maybe not so accurate
Why do we charge all these different people the same, when clearly the value they have for news is very different?
My professors quite often warn me that economists are particularly bad at predicting the future. All the economic theory in the world won’t teach you how to be successful in business, have to go out and try it out.Also:ECON traditionally looks at GOODS and SERVICES. GOODS are tangible, SERVICES everything else. So production of information is in a strange spot.ECON also typically depends on SCARCE resources. Bandwidth and time online are increasingly NOT scarce.
Consumer and producer surpluses
Note to J-schools. Teach this stuff!Along with a comp sci. class. (And not some wishy washy put HTML in your website one)
Why is this demand curve differently shaped?Elasticity
Timeliness is keyWhat’s crucial immediately to a political operative or a business leader might be able to wait for a casual reader
Economics of Online Content
Some Economics of
By Albert Sun
Albert Sun albertsun.info
Class of 2010
Economics and Math
For each target audience
what shape is their
What does the demand
curve actually look like? For any price change, how
much will traffic change?
The shape and elasticity of demand
give key questions to be answered
by every news outlet. What numbers do we label
the axes with?
Price $24.95/m $14.95/mo
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