[Script Info] Title: [Events] Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text Dialogue: 0,0:00:04.84,0:00:09.93,Default,,0000,0000,0000,,There's an old joke that explains world religions\Nthrough the example of "Shit happens." Dialogue: 0,0:00:32.32,0:00:38.12,Default,,0000,0000,0000,,This is actually a very useful tool for understanding \Ndifferent world religions. I think that it's instructive. Dialogue: 0,0:00:38.12,0:00:42.01,Default,,0000,0000,0000,,So I thought that maybe we could attempt to do \Nsomething similar to this in economics. Dialogue: 0,0:00:42.01,0:00:48.06,Default,,0000,0000,0000,,The basic economics version, of course, is the \Ndifference between microeconomics and macroeconomics. Dialogue: 0,0:01:03.49,0:01:10.11,Default,,0000,0000,0000,,There's actually been a tremendous amount of progress in macroeconomics \Nover the last century, so if you want the macroeconomics version... Dialogue: 0,0:01:34.01,0:01:35.73,Default,,0000,0000,0000,,There are of course other fields in economics, which happens to be... Dialogue: 0,0:02:12.06,0:02:14.29,Default,,0000,0000,0000,,Then there are a couple of fan submissions. Dialogue: 0,0:02:14.29,0:02:22.44,Default,,0000,0000,0000,,I told folks that I would give them a free copy of my Cartoon Macroeconomics \Nbook if they submitted something that I used during the show tonight. Dialogue: 0,0:02:30.07,0:02:34.56,Default,,0000,0000,0000,,…which is actually a brilliant definition\Nthat no one will be able to use in class ever. Dialogue: 0,0:02:41.28,0:02:44.52,Default,,0000,0000,0000,,That is a very in joke among the \Nenvironmental economics crowd.