Welcome to No Lexicon Econ for College Students. I
would like to use this space to explain different economic news and its
implications in layman terms, hence no lexicon. Whether we like it or not,
economic news tend to dominate the headlines of our newspapers a lot these
days, and maybe it will encroach on our Facebook news feed sometime soon too.
Though a lot of this news may seem far and distant, they do affect our lives
and I believe it is in the best interest of everyone to at least understand, “what
is going on.”
As a college student studying Finance and Econ, I have a
good perspective to explain economic events to college students. This is not an
Econ 101 blog where I explain the different terms, nor am I swapping terms like
GDP with aggregate output; I will explain current econ events with experiences
college students could relate to.
These similarities will help college students understand what
is going on conceptually. Gradually, these conceptions will start to click with
one another and the seemingly gibberish economic news will start to make a lot
more sense. Before you know it, any former econ illiterates, will be able to
chatter about economics with others and sound semi-smart. Who knows, maybe
someday people will start to like Economics like me and spread the good word
too.
Well, here we go.
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