Topic: Bitcoin in Economics class? - page 24. (Read 7783 times)
We already have some classes related to bitcoin in the economics master degree. With the currency becoming regulated and more people gaining interest into it, I can only see more classes like this one being introduced in a near future.
Teaching of bitcoin related topics is not something I see happening over here anytime soon because its just by default for anyone who wants to teach about a topic should have adequate knowledge about it which is something so lacking in the current set of lecturers available in higher institutions of learning we have here coupled with the stereotyped nature of their teachings. But at the PhD level, there might be some discussions.
It is not that hard to have a discussion about bitcoin because they just need to learn some basic things about bitcoin and it doesn't need a high level of being a teacher or professor, they can engage the lesson in a healthy discussion like the teacher will start the topic and the other people who have idea will also share his knowledge and the discussion will continue. 
Teaching of bitcoin related topics is not something I see happening over here anytime soon because its just by default for anyone who wants to teach about a topic should have adequate knowledge about it which is something so lacking in the current set of lecturers available in higher institutions of learning we have here coupled with the stereotyped nature of their teachings. But at the PhD level, there might be some discussions.
Situation is the same all over the world, maybe some advance classes teach about bitcoin, or at college they have some discussions, but generally bitcoin is not in schools yet. But it will be sooner or later, bitcoin made pretty big progress, economy in this world didn't see nothing similar before, and bitcoin deserved to be leaned in schools.
I think some countries will start with this practice much sooner then others, like we have now legalization in Japan and Australia maybe we can except from this two countries to implement bitcoin in early grades.
Teaching of bitcoin related topics is not something I see happening over here anytime soon because its just by default for anyone who wants to teach about a topic should have adequate knowledge about it which is something so lacking in the current set of lecturers available in higher institutions of learning we have here coupled with the stereotyped nature of their teachings. But at the PhD level, there might be some discussions.
I recently graduated in Economics and bitcoin was mentioned in passing but its hardly discussed.
Most of the features that bitcoin offer are counter to what basic economics courses suggest are good for a healthy economy. Deflation in a currency is considered one of the worst things (bitcoin is still inflationary at the present date though). A central bank having control over a national currency is also considered important to stabilize the ups and downs in the economy. Volatility in bitcoin is also horrible for a currency.
These features just scratch the surface of why standard economics will see more downsides than upsides to a currency like bitcoin. According to standard economic theory if bitcoin were the currency used worldwide we would see stronger boom and bust cycles than currently.
Most of the features that bitcoin offer are counter to what basic economics courses suggest are good for a healthy economy. Deflation in a currency is considered one of the worst things (bitcoin is still inflationary at the present date though). A central bank having control over a national currency is also considered important to stabilize the ups and downs in the economy. Volatility in bitcoin is also horrible for a currency.
These features just scratch the surface of why standard economics will see more downsides than upsides to a currency like bitcoin. According to standard economic theory if bitcoin were the currency used worldwide we would see stronger boom and bust cycles than currently.
Do you think they are talking about bitcoin in your basic ECON class?
As of today, I do not know if they are paying much attention to Bitcoin so they are not tackling about Bitcoin on the Economics class. They might had a quick discussion about it if the topic was about the monetary system or the history of money. Bitcoin could be mentioned in some discussion but since Bitcoin is not yet that popular, it will take more time before it will be discussed on such classes.
I don not think people or a class would talk about bitcoin in the classroom because bitcoin is not yet introduced to many people and not yet exposed too much. Also bitcoin is only one of a way of earning money or profit. And i have never encounter an instructor or student open a topic about bitcoin or any cryptocurrencies.
Do you think they are talking about bitcoin in your basic ECON class?
Well, that is still a long way off. In highschool, it definately wont be introduced into the syllabus, although that should be a thing that our governments look into.
I guess the main reason for this is that governments do not like the idea of a decentralised currency and are a bit reluctant on looking into it and exploring it. Also, bitcoin has not yet made a drastic impact to the world to the point where it should be included in an economics course that students will be tested on. The future of bitcoin is still developing, so its hard to say exactly what should be studied about it. Maybe in 5 years time it would make sense to include it somewhere in the syllabus.
Sure, you can talk about it in class as I have some teachers that I talk to about bitcoin, but I honestly don't see the point yet in including it in the syllabus. We have to wait a bit more before we do so.
Funny, I took a course in econometrics in 2009 just as bitcoin was coming onto the scene. It was actually the last college course I took. Definitely no mention of bitcoin then, but I'm sure somewhere in the thousands of courses being taught that btc is being mentioned. It's too big not to be at this point. I hear kids are even using laptops in class nowadays. Lol
I'm sure there are some economics class mentioned about bitcoin as I've ever talked with my friends who in economics class and who works in bank, actually they know about bitcoin even though they didn't know about this forum and didn't know the basic things about it such as blockchain and wallet, but they know its prices and interested to trade it.
However, I found out that people in this forum who mastered/acquire complete knowledge and experts in bitcoin, all of them assemble in this forum, and none of those classes could compared to people in here.
Do you think they are talking about bitcoin in your basic ECON class?
Not really on the basic ECON class. That might sound too much. But an extensive study of economics should really include the crypto world as there is a very huge market in here and it can actually shake the economy. And perhaps the principles, ideas, theories, and systems underpinning such existence and the very quick growth of bitcoin and other cryptos. I am sure hardline economic professors have something to say about it.
Interesting!
Last time I was in a class room was more than 10 years ago, so back then Bitcoin didn't exist yet, now there might be some individually talking about it but I haven't heard any official teaching about it, at least not in my country. Bitcoin was just invented a few years ago and is still in experimental phase, I don't know how some body could be talking about it on educational scale? because there is a lot more to learn about it before it's safe to be officially introduced to the public. however I doubt many countries do that.
Funny, I took a course in econometrics in 2009 just as bitcoin was coming onto the scene. It was actually the last college course I took. Definitely no mention of bitcoin then, but I'm sure somewhere in the thousands of courses being taught that btc is being mentioned. It's too big not to be at this point. I hear kids are even using laptops in class nowadays. Lol
Lol they weren't back in your times too, just not quite as often. Most teachers didn't appreciate them because they were a distraction. My profs made people with laptops sit in the very back.
I could see them talking about it now. How could you not? I remember having a lesson on fiat currencies. It was interesting so bitcoin lessons would be much more interesting.
Barely think so that it is happening into my country. They are already very behind in the economics of my country and I'm not even sure teachers are even thinking about it to get that topic on board. The universities are little backward in the subject which are very much well..virtual I would say. I know bitcoin is trendy, you know bitcoin is trendy but they don't think that it is trendy for the economics class. Hopefully someday they will think of it when bitcoin will take physical appearance in the market.
I believe that the main reason for not having more cryptocurrency courses is simply because it's too new of a concept. There isn't enough research done and as well as empirical data, something that the "traditional" research is based on. Professors etc do not have the ground and the decades of knowledge that other scientific disciplines do have. Keep in mind that in order for a course with fundamental knowledge to be built it needs to have a backbone of theories examined through experiments, to have evidence of real life. As of now we are still not sure why Bitcoins show such a volatility. You can argue it's demand and supply. What exactly drives the demand is still to be examined. Anyways, I'm sure more courses will pop up apart from the usual introductory ones such as "what digital currency is?". There is a ton of info that surrounds this topic which makes it so interesting. From behavioral economics and basic economic laws, to programming and investing portfolio theories. The field is just so vast and has yet to be explored. Over and Out. 
Pretty much, from what I know of in my school some professors in the Economics Department are up to date not only in stocks, politics, and other investment but also are aware of Bitcoin. They always make it a lesson or an introduction what it is but has never invited one of their classes to invest in such thing as it is on their personal provision. Bitcoin as a technological advancement has successfully breached the boundaries of the classroom in which it made not only the professors award but also their students.
Do you think they are talking about bitcoin in your basic ECON class?
In other countries they might be talking about it but definitely not my country that I am very sure of because teaching about bitcoin in an economics class up to higher institutions will mean a review the curriculum which is not something that is being done in a short while considering the fact that discussions about bitcoin has not gotten to a high level here.
Haha, will they really take it seriously? May be everyone in the class will know bitcointalk forum already and will take the references from here to solve up the internal exams when it will come to bitcoin economic class in reality. I don't think they are being implemented right now but there is huge possibility as it is becoming real hot topic now a days. Bitcoin is in the news and prime ministers are talking about it in their speeches like in India. Who knows what will happen but bitcoin is great revolution really. :-)
Do you think they are talking about bitcoin in your basic ECON class?
So due to this reason there are only 1-2 person in my community who knows about Bitcoin but still they don't want use it because they are having question of legality and safety whether it is safe or not , but I think they can't get trusted until they will use it .
Did you really think it would take that long? Some of the top business schools i the world (Stanford from US, Amsterdam Business School are two) are already offering courses related to Bitcoin, blockhain and crypto. If you liked the author of Mastering Bitcoin and The Internet of Money, he teaches a crypto course in Cyprus for MSc in Digital Currency students.
As a student of economics, I want to say that economics is everywhere. In our daily life, Economics can define our activities by its own language. Bitcoin is also included in this class. Demand and supply of Bitcoin can measure of its price so doing business with Bitcoin you need to know the basic of Economics...
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