<p>the biggest drawback of Michigan econ is the profs. “Those who cant do, teach” is prevalent in Michigan’s economics department.</p>
<p>These profs with no real life experience teach the keynesian BS (the same BS that hacks like Krugman and Roubini love) that doesn’t actually work in real life, unlike real economic thoughts like Austrian school of economics or Chicago school of economics, supplemented by concepts from supply side economics that have proven to work.</p>
<p>and if anyone wants to bring up these so called “acheivements” of Krugman and Roubini, which are all in academia with no real life relevance. Let’s not forget Roubini, in March 2009, right before the current bull market, famously predicted S&P going to 400! Hey Nouriel, where’s the market at now? Or how about the “gold will never get close to $2000”?</p>
<p>^Not to mention that they are not motivated and generally do not give a rat’s axx about your future career. They are there for the paycheck. I mean can’t blame them though!</p>
<p>“These profs with no real life experience teach the keynesian BS (the same BS that hacks like Krugman and Roubini love) that doesn’t actually work in real life, unlike real economic thoughts like Austrian school of economics or Chicago school of economics, supplemented by concepts from supply side economics that have proven to work.”</p>
<p>While I agree that Keynesian Economics does not work well, no other school of economics has been “proven” to work perfectly either. Given their performance over the long term, the Dutch, Swiss and Nordic model obviously work the best, but even they are prone to inevitable lapses.</p>
<p>Keynsian BS?! I sense a monetarist here.</p>
<p>As Alexandre said, no school of economics has been proven (and please don’t bring up the recovery from the Great Depression or Lawson Boom). If any of them were proven, I’m sure the UK chancellor would have adopted the respective policies. Secondly, I wouldn’t slam economists like Krugman. It took a while for Friedman to rise to fame and even his ideas were considered as ridicuclous at first since Keynsian economics was the norm at the time. These theories rise and fall in popularity, during Friedman’s time people moved away from Keynsian economics and now it’s starting to make a return and give it another 10/20 years, it will fall out of favour once again.</p>
<p>Coincidentally, I have my A-level Economics exam tomorrow!</p>
<p>I agree with the statement that all bigger colleges suck at job placement. If you are in a top business school like Ross or an engineer they come to you, but everybody else has to be out hustling for themselves. The career office can give you contacts at companies, but only a pittance of the grads of big colleges get their jobs through interview schedules set up through their placement offices. Small colleges vary more in the quality of job placement – by their nature they tend to have more people in their career office per student than a big college, which can translate into more help with resumes, focusing your job search, helping you network with alums, etc. They don’t have a lot more interviews on campus, but sometimes they provide more overall support in the job search than you get at a large university.</p>