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What is Economics…And Why Should I Care? Part 1

Instead of giving you a definition of economics, I’m going to give you an example that works on a microeconomic level but also helps explain macroeconomics by way of analogy. This week, we will look at your home and household budget as its own economic ecosystem.

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Introducing Everyday Economics

Whenever people start talking about economics, something in the air changes. For most of us, the air becomes filled with a little buzzing noise that interrupts our train of thought and makes it impossible to actually understand what those trained economic savants are saying. Eventually, the buzz transforms into a completely formed thought–usually something along the lines of, “What should I make for dinner tonight?” Or, “I’ve got to pick up the dog from the vet.”

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EconGuru Economics and Finance Knowledge Base

Since its inception in 2006, EconGuru has never stopped in delivering useful and original content for eager minds that crave Economics and Finance knowledge. Just yesterday we decided to migrate the entire CMS of EconGuru from hand shaped SSI and PHP scripts to the blogging platform WordPress. It’s one of the finest CMS we can find on the web that is easy to use and customize, secure and handily facilitates multi-authoring. Say goodbye to custom coding and embrace the era of blogging.

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