Simple question, I think.
Economics forum
Posted on Aug. 2, 2015, 8:47 p.m. by CharlesMandore
Are card prices micro, or macroeconomics?
canterlotguardian says... #3
There's a lot that goes into card prices. Demand, availability, buy-outs, major tournament (Pro Tour, SCG Championship) presence... So much stuff.
August 2, 2015 8:54 p.m.
It's Micro. Micro deals with supply and demand, pricing for goods, and individual business decisions. Macro deals with the economy as a whole, and broader economic trends.
August 2, 2015 8:55 p.m.
Unforgivn_II says... #5
Macro. Think supply and demand. Micro is really like personal economics (from what I recall)
August 2, 2015 8:55 p.m.
Epochalyptik says... #7
Mostly micro.
As kmcree said, the Magic economy is explainable almost entirely through supply and demand, release schedules, event schedules, event results, and common trader behavior (speculations, buyouts, etc.).
It has very little to do with macroeconomic principles until you begin to make a case for how international product diversity is a factor in the secondary market.
August 2, 2015 9:07 p.m.
NoPantsParade says... #8
Microeconomics. This is coming from a guy who got a 4 on the AP exam, so I know what I'm talking about. insert sarcasm
August 2, 2015 9:46 p.m.
Unforgivn_II says... #9
Uh, considering both micro and macro use supply and demand, I suppose we're all right? And inflation is a macro thing, so buyouts play into that.
Also, if we're bringing AP tests into this, I got a 3. After taking a semester off (because my school had us take AP Gov second semester), and half an hour of cramming the night before. I was happy.
julianjmoss says... #2
Both
August 2, 2015 8:52 p.m.