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i agree that most field courses are not worth much for the adcoms. but i would go even further and say that macro undergraduate courses are not very good signals either because they are usually taught on a very low level (at least from a technical aspect, i.e. it is taught by moving curves up and down and pretty imprecisely). i am not saying that it is totally useless, but if you had to choose whether to ace a micro exam or a macro exam, i think the micro exam is much more important. this is of course not true for graduate macro where the models are already well defined (more or less).
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