The professor held an exam. He was in a good mood and the student that he questioned wasn’t prepared enough.
“Look here, I can’t give you a passing grade based on your answers! I will, however, let you pass if you tell me how many light bulbs are there in this room?”
The student counted carefully and confidently said, “32.”
The professor started laughing and reached for his bag: “Nice try but I got one in my bag. See you next month!”
A month passed and the student came to try his luck again.
“I remember you. You failed my light bulb test last time. So tell me and if you answer correctly, I won’t question you further. How many light bulbs are in this room?”
The student looked him in the eye and said, “33.”
The professor laughed even harder than last time: “Oh, silly you, I didn’t bring a spare light bulb with me this time.”
The student smirked, reached for his bag and triumphantly said, “Oh, but I did!”
1) Economists are armed and dangerous: “Watch out for our invisible hands.”
2) You can talk about money without ever having to make any.
3) Mick Jagger and Arnold Schwarzenegger both studied economics and look how they turned out.
4) When you are in the unemployment line, at least you will know why you are there.
5) If you rearrange the letters in “ECONOMICS”, you get “COMIC NOSE”.
6) Although ethics teaches that virtue is its own reward, in economics we get taught that reward is its own virtue.
7) When you are angry, you can tell everyone that you are just researching the law of diminishing marginal utility.
Compiled by Usama Rasheed