There’s a big push for socialism in the United States. The problem is that it just isn’t going to work in America. With socialism, there’s a lot of centralization, especially with regard to economic policy. Real socialism wouldn’t allow for many things most Americans take for granted. Economically speaking, people would have to completely disregard their personal utility (satisfaction). We need to be honest when we talk about socialism. Tens of millions have died at the hands of its ideology, mostly from starvation. But this is just the tip of the iceberg. Continue reading
Being in the age of the internet, we have the luxury of YouTube. Over time, university lecturers have recorded their lectures and posted them on the internet. Nowadays, you can find lectures on most topics, including economics. In fact, there are enough uploads for someone to practically earn a degree if it were a matter of watching videos. You can even find older versions of textbooks online for free.
To fulfill an economics major at most schools, you need to have principles and intermediate courses in microeconomics and macroeconomics, a class in econometrics (sometimes split into two classes), international economics, and a bunch of topics courses of your choice. Here’s a list of videos to help you get started.
There’s a popular notion in Keynesian economic theory known as “The Paradox of Thrift (or Saving).” Since Keynesian economics focuses on Gross Domestic Product (GDP) — which is, frankly, a measurement of spending — saving money is paradoxical because it lowers GDP due to consumers not spending it.
The reason why economists care so much about GDP is because it’s an important indicator of where the economy is in a business cycle (boom or bust). When GDP constantly drops for a period of time, this is known as a recession. How exactly does saving money help shorten a recession?
Before Donald Trump was elected president, there was a lot of negative media coverage with a lot of pundits predicting that he would wreck our economy. About a year and a half into his presidency, it appears to have been the exact opposite. But why? Does it really make sense for the economy to have been doing so well with these crazy policies, insane tweets, and political rollercoasters of emotion? The short answer is yes.
While I may have studied economics, I cannot say for sure what the reasons are for this economic boom under Trump, which has been beyond piggybacking off of Obama’s economy for some time. I will try to explain what’s going on as I understand it.
For the past year, I’ve been saying that the next 2008-like financial crisis would be coming again sometime soon (during the 2020s). However, it wouldn’t be the stock market that got hit this time; higher education will be affected this time around. Some friends agreed with me. Others scoffed and laughed. But if Oregon’s Marylhurst University is any indication of what’s to come, it may be starting sooner than any of us thought.
What’s the first image that pops into your head when you hear the word, “Economist?” If it’s someone that’s at a computer, crunching numbers and blowing the minds of many, you’re technically not wrong. Much of what we do is try to explain a phenomenon surrounding some type of behavior, be it human, economic, or even political. What would you think if I told you that there’s something many economists are almost never taught much about unless their program forces them to take it or if they’re just interested in the class?
Whether you majored in economics or not, you can always continue your education in economics. Even if you haven’t studied economics at all, this article will be helpful for you. First, you need a good book that clearly explains the material. Then you need a study plan and stick to it. After that, it’s all about how much you study and for how long.
If you’re a loyal reader of mine, you know that I write a lot of articles giving college advice to economics majors about things like which computer is better to buy, why they should learn SQL, and other various skills needed to be competitive before they graduate. You may have read somewhere (or on here) that you need to learn various programming languages and become familiarized with plenty of software.
Here’s a comprehensive list of everything you should consider looking at dabbling with, perhaps even becoming skilled at a basic level in to add to your resume. Even if you’re an economics degree holder from a previous generation and you want to become more competitive, this article is for you.
Portland, Oregon is known for craft beer, hipsters, great brunch spots, and overpriced homes. Over the past half century, Portland has seen homes go from less than $100,000 to over $300,000 on a small plot of land. Unless you’re from around the area, or unless you’ve understood that what happened in Portlandia is not an isolated event, you might not know that domestic migration from California played a role in this phenomenon.
Are you studying economics or finance? Perhaps you’ve seen job postings requiring this funny thing people are pronouncing as “sequel,” but spelled S-Q-L. A quick Google search will tell you it’s a language that is used for accessing data stored in a database, but it’s still pretty confusing. Why would anybody want to use this if it’s this complicated? Aside from employers wanting you to know how to use it, here are some great reasons to learn SQL.