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I was thrilled when I took my first microeconomics class in college. Rarely have I ever been so interested in something which I previously thought was boring and useless.

I agree with Spolsky when he writes that programmers really should understand microeconomics so that they know what affects their worth in their labor market. I see programmers too often contradict principles in microeconomics which have been demonstrated (and depending on who you ask, proven) time and time again, such as when programmers say that more programmers entering the industry will raise salaries, not lower them, as you would expect in every other labor market when all other factors are held constant.