I encountered "Econ101" many times and it never made sense. I don't recall it ever being used in my presence for a basics course in economics . The others always used it to assert that their economic favourite idea was undisputable and correct.

Stuff like
"stimulus packages are always a good thing, that's Econ101", for example.

So blame me for misunderstanding the term if you want, but I blame those who distorted its meaning instead.


Quote Originally Posted by Old Eagle View Post
Doch. Wirtschaftswissenschaft -- Grundkurs/Einfuehrung usw, usf.
It's usually divided into BWL/VWL or Mikroökonomie/Makroökonomie. Wirtschaftswissenschaft is a degree programme, not a course afaik.

Intro courses are of marginal value in a discussion*. Intro course content is especially not basic truth, but instead it's a fundament (often used to teach method, not so much content) and the end product usually looks very different than the fundament suggested.

*: The Solow model (~Makroökonomie II) is one of the few really useful contents from early economic studies, as it helps to quickly explain (superficially) the quick post-WW2 recovery in former Axis countries.