alexm2816 t1_jeea7cf wrote on March 31, 2023 at 11:55 AM

Economics is a field that spans so far and so wide that no person can explain it in a reddit post. How we deal with scarcity (everything is scarce to some extent) is fascinating and has far more to do with our own value systems on a personal basis than anything to do with macro/micro economics.

The next recession will occur in the future. And then another one will happen. And another. On average recessions are likely every 7 years give or take and we're overdue. All the while things will likely trend up and like a boat in the ocean there's not much benefit to fighting it.

Read the wiki. Understand 80% of the 'what' by understanding the prime directive. Come back with actual focused questions that you haven't found an answer to as opposed to blanket statements asking for

Theperson3976 t1_jeeagr8 wrote on March 31, 2023 at 11:57 AM

I don’t know what specific questions to ask because I’m not sure what the focal points of economics are. I want to learn what points matter more than others and how I can use it for self improvement in regards to future planning.

alexm2816 t1_jeeawz9 wrote on March 31, 2023 at 12:02 PM

If you read the wiki and review the sidebar information to give yourself a baseline you can then ask questions. If you want to study economics go study economics. Khan academy/youtube have plenty of videos.

Theperson3976 t1_jeeb3o2 wrote on March 31, 2023 at 12:04 PM

I thought Khan was just for math oh my goodness. Thank you lots. I didn’t know they had other subjects.

bury-me-in-books t1_jeeb3ba wrote on March 31, 2023 at 12:03 PM

Hey, I know the post got taken down, but I recommend the YouTube channel Two Cents for basic explanations of most financial ideas and stuff.

If you want some ideas about budgeting and how to save some money, I would recommend the channel The Financial Diet for ideas on how to set up a budget and plan for your future financially.

Theperson3976 t1_jeeba8u wrote on March 31, 2023 at 12:05 PM

Ok. I will for sure binge those tomorrow. I think that will help me alot. I am a visual learner so I will try to also see if they have social media sites or blogs that provide diagrams. I’m sure they do I mean they have to.

bury-me-in-books t1_jeec6ka wrote on March 31, 2023 at 12:14 PM

I know tfd has a website but I'm not sure what is really like, and I haven't even checked if two Cents has one, but it's worth a look.

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