Econ Graduate Student Theorem

ECON THEOREM

Sept.18, 2007, 7pm

Bloomington, IN

Consider the "basic" function

F(B(c; h; w; l), G(x))

where c=class time, c is between [0, 60] hours per week;

h=homework time, h is between [0, 10080] minutes per week;

w=GA time, w is between [0, 20] hours per week;

l=lost or leisure time, l is between [0, 10080] minutes per week

Note that Function G is the level of genius, determined by random variable x.

Then,

Max F(B, G)

subject to c + h + w + l = 10080

Function F(B, G) has a maximum, where l, c, w equal to 0 and h = 10080 (minutes per week).

Then theorem can be interpreted to mean, basically, being an ECON graduate student sucks.

Corollary: take first derivative of the Basic Function with respect to B and G, subject to the time constraint, which is equal to "Nothing Fancy" or "Piece of Cake". Prove the theorem and corollary, please do it as an exercise, due next Monday in class.