| UNDERSTANDING CONCEPTS IN ECONOMICS |
WHO CAN BENEFIT:
New Students: This is the group that this site is mostly designed to help. Understanding the concepts
taught in economics class, especially an introductory class, is essential to keep from falling behind in studies.
Many students have contacted me for help because they are having trouble understanding the explanations
given to them in class and in their textbooks. The explanations given here constitute an additional resource
designed to solve this problem.
Advanced Students: For this group, a refresher, because during advanced studies it is easy to forget the
more basic concepts that everything is built upon. Also, some topics covered here go beyond the beginning
level to a more advanced level.
Wanna-be Students: Those who are thinking about taking economics courses and want to have an idea
what it is like; those who would like to have an understanding of economics but lack the time, or the money,
to receive a formal education in the subject.
Instructors: Those who teach economics classes can refer students to this site as an additional resource
for their students, especially the students who have indicated problems with understanding specific
concepts.
Voters: People who realize that the choices they make on election day will impact the economy, and have
an effect on their daily lives. This will help them cut through the rhetoric and make informed decisions.
Everybody: Everybody could benefit from an understanding of how the economy works, and how this
understanding can improve their decision-making process, both in business decisions and decisions in
everyday life.
New Students: This is the group that this site is mostly designed to help. Understanding the concepts
taught in economics class, especially an introductory class, is essential to keep from falling behind in studies.
Many students have contacted me for help because they are having trouble understanding the explanations
given to them in class and in their textbooks. The explanations given here constitute an additional resource
designed to solve this problem.
Advanced Students: For this group, a refresher, because during advanced studies it is easy to forget the
more basic concepts that everything is built upon. Also, some topics covered here go beyond the beginning
level to a more advanced level.
Wanna-be Students: Those who are thinking about taking economics courses and want to have an idea
what it is like; those who would like to have an understanding of economics but lack the time, or the money,
to receive a formal education in the subject.
Instructors: Those who teach economics classes can refer students to this site as an additional resource
for their students, especially the students who have indicated problems with understanding specific
concepts.
Voters: People who realize that the choices they make on election day will impact the economy, and have
an effect on their daily lives. This will help them cut through the rhetoric and make informed decisions.
Everybody: Everybody could benefit from an understanding of how the economy works, and how this
understanding can improve their decision-making process, both in business decisions and decisions in
everyday life.
| Economics concepts and theories from a textbook perspective: Click on a topic to go to that section. If you aren't sure where to find a specific topic that you are looking for, or if you only want the definition of a term, try the Glossary section first. If you want to teach yourself economics, start with the basics section. BASICS SUPPLY & DEMAND REVENUE, COST, & PROFIT MARKET STRUCTURES MARKET FAILURE PAYROLL SERVICES SPECIALIZATION & TRADE ELASTICITY ECONOMIC SYSTEMS MONEY (DEFINED) BANKING CIRCULAR FLOW, GDP & NATIONAL INCOME ACCOUNTING THE BUSINESS CYCLE, UNEMPLOYMENT, AND INFLATION INTEREST RATES AGGREGATE DEMAND, AGGREGATE SUPPLY & EQUILIBRIUM PARADOX OF THRIFT GLOBALIZATION - FOREIGN EXCHANGE AND BALANCE OF PAYMENTS FISCAL & MONETARY POLICY DEFICITS AND THE NATIONAL DEBT TRADE RESTRICTIONS ECONOMIC SCHOOLS OF THOUGHT (KEYNESIANS, MONETARISTS, ETC) GLOSSARY |
Economics Online Tutor
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From Textbook to the Real World
is a collection of essays, opinions
and quotes relating to current
events and politics.
Because it contains opinions
instead of textbook-style
explanations of concepts, I have
not included it in the navigation
bar and the links to topics. To
access this section, click on the
link above.
is a collection of essays, opinions
and quotes relating to current
events and politics.
Because it contains opinions
instead of textbook-style
explanations of concepts, I have
not included it in the navigation
bar and the links to topics. To
access this section, click on the
link above.
| PLEASE DON'T IGNORE THE BASICS SECTION - SOME OF THE BASICS TEND TO GET UNDER-EMPHASIZED IN FORMAL EDUCATION. For an explanation of how this website handles graphs in the study of economics: Using Graphs in Economics For an explanation of the limits to the use of mathematics in these explanations: Mathematics and Economics |
Real world application:
A new section entitled "From Textbook to
the Real World" has been added which
contains opinions relating economics to the
real world of politics and current events.
This section is a collections of essays that I
have written, and quotes that I have
collected. It is the only section of this
website containing opinions or positions on
issues. The rest of the site is for economic
principles and theories only. For real world
news articles, as well as more opinion
pieces relevant to economics concepts, see
the Facebook page for "Economics Online
Tutor".
A new section entitled "From Textbook to
the Real World" has been added which
contains opinions relating economics to the
real world of politics and current events.
This section is a collections of essays that I
have written, and quotes that I have
collected. It is the only section of this
website containing opinions or positions on
issues. The rest of the site is for economic
principles and theories only. For real world
news articles, as well as more opinion
pieces relevant to economics concepts, see
the Facebook page for "Economics Online
Tutor".
| CHECK OUT THE GLOSSARY / DICTIONARY SECTION!! THIS SECTION PROVIDES A MUCH SIMPLIFIED METHOD OF FINDING WHAT YOU ARE LOOKING FOR, AN EASIER WAY TO NAVIGATE THE SITE!! |
***The use of this site is provided
for FREE. However, please note
the PayPal Donate button below.
I provide this service because I
like to help people learn
economics, especially those who
have few resources of their own
for learning this material. At the
same time, I am disabled with
limited income, moderate
expenses, and considerable time
invested in this project.
Discussions about economics, especially in
the United States, often involve a discussion
of the Founding Fathers, the Declaration of
Independence, the U.S. Constitution, and the
Bill of Rights. As a convenience for these
discussions, I have included the full texts of
the Declaration of Independence and the U.S.
Constitution and its amendments, including the
Bill of Rights. Some people may find it
convenient to bookmark these pages:
The Declaration of Independence
The United States Constitution - Full Text
The Bill of Rights and Other Amendments to
the U.S. Constitution
the United States, often involve a discussion
of the Founding Fathers, the Declaration of
Independence, the U.S. Constitution, and the
Bill of Rights. As a convenience for these
discussions, I have included the full texts of
the Declaration of Independence and the U.S.
Constitution and its amendments, including the
Bill of Rights. Some people may find it
convenient to bookmark these pages:
The Declaration of Independence
The United States Constitution - Full Text
The Bill of Rights and Other Amendments to
the U.S. Constitution
Visitors to this site may find it to be a valuable resource in understanding concepts related to the study of
economics. Whether students of introductory classes such as Econ 101 who are having a little difficulty with
the explanations in class or in their textbooks; or students of more advanced classes who need to remind
themselves to stay true to the basic concepts as they continue their studies; or non-students who would like to
understand how the economy works so that they can make more informed choices.
economics. Whether students of introductory classes such as Econ 101 who are having a little difficulty with
the explanations in class or in their textbooks; or students of more advanced classes who need to remind
themselves to stay true to the basic concepts as they continue their studies; or non-students who would like to
understand how the economy works so that they can make more informed choices.
| You can now own your own copy of this website in ebook and/or paperback format. The ebook format of economics concepts in this site is free! The paperback format is available for online purchase. See below for details. |
| Now, you can receive a FREE ebook version of the main section of this site under the title Basic Economics for Students and Non-Students Alike By Jerry Wyant Or if you prefer, you may purchase a paperback version from Amazon, Barnes & Noble, Sony, Apple, and other distributors. This makes a great handbook and reference. Students: please help to make sure your classmates and teachers are aware of this resource! Click here to order a FREE ebook from smashwords.com Click here to purchase a paperback version from amazon.com |
| FREE! Get the text of these topics on ebook at no cost. Or if you prefer, you may purchase a paperback version at Amazon and other distributors under the title: Basic Economics for Students and Non-Students Alike by Jerry Wyant. See below for details and links. |
The "From Textbook to the Real World" section of this site is also available in print and eBook formats in two titles. Essays relating to the economy, including the author's opinions, are available under the title "Sanity and Public Policy: Separating Truth from Truisms" essays relating to education, along with education facts and quotes, are available under the title "Making Education Work" These books authored by Jerry Wyant. "Sanity and Public Policy: Separating Truth from Truisms" Amazon page (print and Kindle editions) "Sanity and Public Policy: Separating Truth from Truisms" Create Space page (print edition) Use coupon code GWRDBMZP when purchasing from at createspace.com to receive 10% off the list price "Making Education Work" Smashwords page (eBook formats) "Making Education Work" Create Space page (print edition) Use coupon code H8KH4LJ8 when purchasing from createspace.com to receive 25% off the list price "Making Education Work" Amazon page (print and Kindle editions) |
