Some Necessary Background
I feel like there needs to be some basic Econ background before getting into the nitty gritty oh-so-complicated theory. I really hate when professors lecture about the basic micro and macro EVERY semester before jumping into what the class is supposed to be about, so I myself will not lecture about it and leave it up to the worldwide web for those that have not taken any sort of Economics class and those that are sincerely interested in learning about it.
Here are some topics that are (and will be) useful:
Micro-
Supply and demand, efficiency/equilibrium
Opportunity costs, tradeoffs, specialization
Cost-benefit analysis (MC=MB)
Utility and budget constraints (work/leisure)
Macro (which I really am not a fan of)-
Relationship between capital and labor
Relationship between savings and investment
The effect of consumption, investment, government spending and net exports on gross domestic product (GDP)
Exchange rates and inflation
By no means is that list extensive, there are many many other things involved in micro and macro economics, but those are just the ESSENTIALS in my opinion. There are definitely other essentials that I just cannot think of at this time of night. Now that that is out of the way, I can jump into something interesting, or at least I hope you'll find it interesting.
