Different School of Thoughts

In the field of Economics - We look at things on a big picture and we can also look at things at a microscopic view... Well, the opportunity cost of having something, is not having the other thing. It's best explained that we can't have the best of both worlds.

When we are talking about Economic Profits, why there's this difference between Accounting Profits..After all, they are still profits that businessmen regarded...

Ok. On this demand and supply curve....Why demand curve are always downwards sloping? 2 factors, Functional Effects (Income/Substitution Effects) and Non-Functional Effects (Snob/Conspicuous/Bandwagon Effects).

We also look at Consumer Surplus,Consumer Burden...Producer Surplus,Producer Burden.

In the field of Statistics - We looked at numbers but how to organize our figures to become useful datas for references and presentations.

Talking about probability and Permutations, do u know that we need to place a wager of $4 million dollars to confirm a touch-down of the ToTo Group 1 prize..But bear this in mind..Group 1 prize are often shared among winner..Do u think it's worth it in the long-term?

Why pie-charts are treated as one of the not-recommended presentation tool....Should use bar-chart instead...

Binomial and Poisson - How many outcomes respectively...

Point to note - Poisson is a french word...