| 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 OPPORTUNITY COST 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.
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.
This site: Economics Online Tutor
is now available for purchase
in ebook and paperback
formats.
Look for it under this title:
"Basic Economics for
Students and Non-Students
Alike", by Jerry Wyant
Available at
smashwords.com;
kindle.amazon.com;
Barnes & Noble;
and other online retailers.
ebook price: US$4.99
paperback price: US$9.99
is now available for purchase
in ebook and paperback
formats.
Look for it under this title:
"Basic Economics for
Students and Non-Students
Alike", by Jerry Wyant
Available at
smashwords.com;
kindle.amazon.com;
Barnes & Noble;
and other online retailers.
ebook price: US$4.99
paperback price: US$9.99
| New!! New!! |
| You can now purchase your own copy of the information from this website in paperback or ebook format. These book formats have the title “Basic Economics for Students and Non- Students Alike”, by Jerry Wyant (that’s my name). The price of the paperback is US$9.99, the ebook is US$4.99. You can find the paperback at amazon.com. The paperback version makes a great handbook of economics. You can find the ebook at amazon.com or at smashwords.com, as well as other retailers. The ebook version is convenient and economical. |
| "Basic Economics for Students and Non-Students Alike" by Jerry Wyant is the title of the paperback and ebook versions of this site, available at major retailers: Amazon, Apple, Barnes & Noble, Kobo, Smashwords, Sony, and more. The paperback verson is great to own as a handbook of economics. |