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Why Study Economics

Top reasons to study Economics:

  1. Economists are armed and dangerous: "Watch out for our invisible hands."
  2. Economists can supply it on demand.
  3. You can talk about money without every having to make any.
  4. Mick Jagger and Arnold Schwarzenegger both studied economics and look how they turned out.
  5. When you are in the unemployment line, at least you will know why you are there.
  6. If you rearrange the letters in "ECONOMICS", you get "COMIC NOSE".
  7. Although ethics teaches that virtue is its own reward, in economics we get taught that reward is its own virtue.
  8. When you get drunk, you can tell everyone that you are just researching the law of diminishing marginal utility.
  9. When you call 1-900-LUV-ECON and get Kandi Keynes, you will have something to talk about.

Give Him an Orange

One day in Contract Law class, Professor Jepson asked one of his better students, "Now if you were to give someone an orange, how would you go about it?"

The student replied, "Here's an orange."

The professor was livid. "No! No! Think like a lawyer!"

The student then recited, "Okay, I'd tell him, 'I hereby give and convey to you all and singular, my estate and interests, rights, claim, title, calim and advantages of and in, said orange, together with all its rind, juice, pulp, and seeds, and all rights and advantages with full power to bite, cut, freeze and otherwise eat, the same, or give the same away with and without the pulp, juice, rind and seeds, anything herein before or hereinafter or in any deed, or deeds, instruments of whatever nature or kind whatsoever to the contrary in anywise notwithstanding...'"

The Will

Mrs. Applebee, the 6th grade teacher, posed the following problem to one of her classes:

"A wealthy man dies and leaves ten million dollars. One-fifth is to go to his wife, one-fifth is to go to his son, one-sixth to his butler, and the rest to charity. Now, what does each get?"

After a very long silence in the classroom, Little Johnny raised his hand.

The teacher called on Little Johnny for his answer.

With complete sincerity in his voice, Little Johnny answered, "A lawyer!"

What Parents Do

A grade school teacher was asking students what their parents did for a living. "Tim, you be first," she said. "What does your mother do all day?"

Tim stood up and proudly said, "She's a doctor."

"That's wonderful. How about you, Amie?"

Amie shyly stood up, scuffed her feet and said, "My father is a mailman."

"Thank you, Amie," said the teacher. "What about your father, Billy?"

Billy proudly stood up and announced, "My daddy murders people, steals from them, and drinks."

The teacher was aghast and promptly changed the subject to geography. Later that day she went to Billy's house and rang the bell. Billy's father answered the door. The teacher explained what his son had said and asked if there might be some logical explanation.

Billy's father said, "I'm actually an attorney. But how can I explain a thing like that to a seven-year-old?"

The Final Exam

A blonde reports for her university final exam which consists of mainly true and false questions. She takes her seat in the examination hall, stares at the question paper for five minutes, and then in a fit of inspiration takes her purse out, removes a coin and starts tossing the coin and marking the answer sheet: true for heads and false for tails. Within thirty minutes she is all done, whereas the rest of the class is still working furiously.

During the last few minutes, she is seen desperately throwing the coin, swearing and sweating. The moderator, alarmed, approaches her and asks what is happening.

"I finished the exam in a half hour," she replies. "Now I'm rechecking my answers."

The Psychic Frog

Recently, the Psychic Hotline and Psychic Friends Network have launched hotlines for frogs. Here is the story of one frog and his discussing with his psychic.

A frog telephones the Psychic Hotline and is told, "You are going to meet a beautiful young girl who will want to know everything about you."

The frog says, "This is great! Will I meet her at a party, or what?"

"No," says the psychic. "Next semester in her biology class."

Six Times Seven

At a college with a shady reputation, the new dean responded to investigations into the basketball team by suspending any basketball player who wasn't maintaining a passing average. Furious, the coach came storming into the dean's office, followed by one of his star players.

"You can't keep him from playing!" the coach roared. "We won't win this weekend without him!"

"I don't care," the dean said. "Things have gotten out of hand at this college."

"What do you mean, out of hand?" the coach demanded.

"I'll show you what I mean," the dean said. He turned to the basketball player and said, "Tell me, how much is six times seven?"

The player thought for several seconds. Then he said, "Thirty-one?"

The dean turned to the coach and said, "I rest my case."

"Oh, come on now," the coach said. "Why are you making such a big deal of it? After all, he only missed it by one."

Basketball Entrance Exam

Examination to Qualify for Entrance to UNLV
(basketball players only)
Time Limit: 3 weeks

  1. What language is spoken in France?
  2. Give a dissertation on the ancient Babylonian Empire with particular reference to architecture, literature, law and social conditions -OR- give the first name of Pierre Trudeau.
  3. Would you ask William Shakespeare to (a) build a bridge (b) sail the ocean (c) lead an army or (d) WRITE A PLAY
  4. What religion is the Pope? (a) Jewish (b) Catholic (c) Hindu (d) Polish (e) Agnostic (check only one)
  5. Metric conversion. How many feet in 0.0 meters?
  6. What time is it when the big hand is on the 12 and the little hand is on the 5?
  7. How many commandments was Moses given? (approximately)
  8. What are people in America's far north called? (a) Westerners (b) Southerners (c) Northerners (d) Easterners
  9. Spell -- Bush, Carter and Clinton.
  10. Six kings of England have been called George, the last one being George the Sixth. Name the previous five.
  11. Where does rain come from? (a) Macy's (b) a 7-11 (c) Canada (d) the sky
  12. Can you explain Einstein's Theory of Relativity? (a) yes (b) no
  13. What are coat hangers used for?
  14. The Star Spangled Banner is the National Anthem for what country?
  15. Explain Le Chateliers Principle of Dynamic Equilibrium -OR- spell your name in BLOCK LETTERS.
  16. Where is the basement in a three story building located?
  17. Which part of America produces the most oranges? (a) New York (b) Florida (c) Canada (d) Wisconsin
  18. Advanced math. If you have three apples how many apples do you have?
  19. What does NBC (National Broadcasting Corp.) stand for?
  20. The UNLV tradition for efficiency began when (approximately)? (a) B.C. (b) A.D. (c) still waiting

You must answer three or more questions correctly to qualify