ECONOMICS POWER GUIDE PAGE 2 OF 185 DEMIDEC RESOURCES ©
WHAT IS A POWER GUIDE?
Hello there, Decathletes and alpacas alike! My name is Dean Schaffer, and as this year’s Power GuideCoordinator, I’ll be a tour guide of sorts for your visit to the strange and exotic land of DemiDec. Todaywe’ll be observing the Power Guide.Veteran Decathletes and past visitors will know that the Power Guide is a relatively new species thatevolved not long ago from a need for a more concise, fact-oriented study guide in the Decathlon world. Thecreature is still in relative infancy, but all Power Guides are written in bullet form. Each bullet generallycontains one testable fact. DemiDec Resources (a distant cousin of the Power Guide in the same genus) willhelp you learn a subject; Power Guides will help you review and master it.Because the nature of the Power Guide can make it unruly, they are written only by current or formerDecathletes who scored at least 8000 points in competition. These authors are all highly qualified to tamethe beast so that it best serves you.At first glance, Power Guides often appear bigger, fiercer, and more intimidating than the USAD ResourceGuide (another of the Power Guide’s relatives, but in a different genus), but don’t be fooled: the PowerGuide’s format makes it look bigger than it actually is. Bullets take up more space than prose, and PowerGuides have large margins to facilitate note taking. Further, the Guide’s posterior portion (otherwise knownas its latter half) is chock full of nutritious study tools that will help you digest the material as efficiently andquickly as possible. These tools include lists, tables, and timelines.
Two years ago, Joseph Slowik wrote the Economics Power Guide. Last year, I rewrote it. This year, Irevised it.
This guide includes both Joseph’s research and everything I learned from the two years of economics courses I took as a Decathlete. Economics tests often include ridiculous questions from way outin left field; I hope this guide will help to bring that distant left field a little bit closer to home.
Economics has long been one of my favorite Decathlon subjects. Many of the concepts and ideas just seemto “click”—they reflect real life situations. Unemployment, satisfaction, indifference—these are a part of lifeand a part of economics. Oftentimes, thinking of real life examples is the best way to clarify a tough concept.My very first econ teacher once told my team an “economics joke”: Two normal guys and an economist arestuck on a desert island. They’re all desperate to get back to civilization, but the first two have no ideas. Allof a sudden, the economist says, “I’ve got it!” “What, what?” ask the other two excitedly. The economist,beaming with pride at his ingenious solution, declares, “First, let’s assume we have a boat…” Like you(probably), I didn’t laugh when I was first told this “joke.” After two years of studying econ, I finally get it.
Hopefully, when you’re done, you’ll get it too.This time, I’ll continue with you as your tour guide with some help from Joseph. Enjoy your stay!Sincerely,
Diminishing returns, anyone? – Dean
Sorry. I played baseball for over ten years. – Dean
But, to be honest, I still don’t laugh. – Dean