It is true that this warning applies to all macro, not just undergrad. But by the time you get to the grad level and beyond you already understand (or should understand) the limitations of the models and the difference between academia and real world. At undergrad level you’re still likely to be seduced by the simple narratives that these models offer.
It is true that this warning applies to all macro, not just undergrad. But by the time you get to the grad level and beyond you already understand (or should understand) the limitations of the models and the difference between academia and real world. At undergrad level you’re still likely to be seduced by the simple narratives that these models offer.