Blog
The Poetry of Economics
6th October 2014
The Economics department of RGS Guildford took a full part in National Poetry Day last Thursday, with each class spending some time on composing a poem on their current topic. We had some great examples of wit and wisdom, with creative efforts ranging from limericks to haikus, and from rhyming couplets to raps. Here are a few of the best:
Dan Allchurch:
Gross Domestic Product: GDP
Total amount of goods produced annually
Shows growth of economy in 25 days
Help Bank of England set inflation rates
The problem ? There are many to see
Like inaccuracy, leading to faults in policy
Double counting, regrettables, shadow economy too
Should we use GNH instead, like Bhutan do ?
Daniel Foulsham:
Be careful of opportunity cost
The benefits foregone, the benefits lost
Remember the diminishing returns
Through efficient use, everyone learns
Hope, and expand the PPF curve
Don’t let economic growth swerve
Everyone wants better GDP
Necessary expansion of the economy
George Shorthouse:
The Eurozone’s slowly deflating
The ECB’s finally stopped waiting
It’s started QE
But now we must see
If bank lending still needs more baiting
Max Crolla:
COSTS -
Causing managers to sweat
Over incoming bills and invoices
Sucking firms into debt
To ruin this country’s future
Safe to say, this is a topic I get
Matthew Phillips:
Costs come in different classes
Their curves we’re gonna have to master
Total, variable or just plain fixed
My feelings towards them are mixed
Learning them in Eco unit 3
Some time we’ll draw them in our sleep
But as for now we’ll be looking
So that when we hand our book in
We’re more likely to be right
But in the future, with no eyes, we might !
Olly Rosevear:
Demand and Supply
It gives me a high
Right up to the sky
Just like Zimbabwean inflation
Monetary policy
Raise the rate and you’ll see
Pressures are contractionary
Just like Japanese deflation
Fiscal policy
Has a lot of controversy, around
What level tax should be
I don’t know – that is the question
James Wheeler:
Economics is all about labour
It’s given the world some flavour
They want higher wages
They’ll strike for ages
Or they’ll go join the army, Major !