Top Memes All Economists Will Love
Economics is serious business, but sometimes we all need a break! And that's when the internet is there: to sympathise, to commiserate, and to make us smile at the end of a tough day. Fortunately the stereotype of economists being humourless is not true – there are plenty of fun and funny economists who are out there sharing their humour.
From students to senior professors, there are memes on the internet to express all aspects of the study and practice of economics. Below you'll find 10 of our favourite memes that we know all economists will love!
1. Cookie Monster teaches you about supply and demand
It's so much easier to understand the basic principals of economics when cookies are involved, isn't it? This is the kind of Sesame Street content that we are in support of.
2. Opportunity costs we can all understand
We all remember our student days: grassy campuses, intellectual stimulation, and the eternal question of whether to force yourself out of bed and away from Netflix and get to class. It's opportunity costs in action.
3. The truth of being an economist
We've all had the experience of trying to explain what it is that we actually do at parties. The reactions you get when you tell people that you are an economist can be... wide ranging. That's why we can all sympathise with the image below:
Photo credit: Fgcu.edu
4. The Godfather is a fan of mutually beneficial exchanges
If you ever need to explain the principal of mutually beneficial exchanges to a movie buff, then know that you can always fall back on The Godfather explanation.
Photo credit: Xaviertoby.com
5. The free trade debate rages on
The ethics and effectiveness of free trade is surely not a debate that we've going to solve any time soon. So why not make debate points through the endlessly eloquent world of memes?
6. Ash makes full use of comparative advantage
When you've caught them all, you've cornered the market. Pokemon trainers understand that better than most.
7. The conundrum of internet shopping
Do you really need that new sofa? Those new shoes? That gadget you've been coveting? You just looked at the online shopping page briefly, but it's on sale. Maybe you should snap it up now while it's on offer?
8. We've all been there
We all know that the candy you eat after eating 50 other candies doesn't taste as good as the first one. And yet... we can't seem to put the bag down. Bam! That's diminishing marginal returns.
9. Economics in action
Who can resist a student happy hour? Not most economists, that's for sure. After all, it only makes economic sense...
10. The realities of negative externalities
We all like to think that we are not the problem – that the ills of society are caused by someone else. Except when it's something that we really need to do, like driving our cars. That's negative externalities for you.
For lots more information for economics students and others, see these articles:
The Economics of Humor
This April 1st, we figured we’d spare you another bogus announcement or unfortunate attempt at a corporate joke and instead delve into the murky place where economics and humor intersect. If all you’re hoping for is a few economist jokes, (like the classic “Three Economists Go Hunting” jab we highlighted in a previous entry), then don’t worry, you’ll find some of those at the end of the post.
Professors Think That Academic Publications Are Much More Relevant For Their Employability Than Their Teaching Skills
The world of academia is constantly changing, so much so that the importance to Professors, of different academic and career achievements, is shifting in ways that may be somewhat unexpected.
The Economics of Christmas
Christmas is approaching. For many people this is a magical season when you hope that all your wishes will come true. Others consider Christmas to be a crazy time when you need to run around the city trying to get presents for all your friends and family members. In relation to this phenomenon, and the common opinion that Christmas has become too commercialized, a sub-branch of Behavioural Economics has recently begun to develop.