Economics...In Real Life

In the 1920s the country plunged to the era of pain and uncertainty, the era of Great Depression, until the era of American luxury and economic stability, the day the stock market collapsed. The decade from 1929 to 1939 was the worst episode in American history, which was a serious shortage in terms of money supply, massive unemployment, and despair and allegation of all people who passed it . Frederick Lewis Allen's book "From yesterday: in the 1930s America" ​​provides a wonderful explanation of this era in the United States.

The above definition of economics is meaningless to outsiders. Therefore, an economical example will make it easier for people to understand the use and application of economics in real life. Several questions and answers help to understand the definition and application of economics in real scenarios. What will happen to my life from 2016 to 2026? What do you do after university? How much can I earn from my first job after graduating from college? Where do you live, who are your friends (girlfriend / boyfriend)? Who could you marry? You will buy a house in a few years, how much is the cost of this house?

Frank uses economic naturalistic writing tasks in his introductory economics course. Students express their problems based on observations in real life and encourage students to learn algebra, diagrams and complex terms free of charge in ways that relatives who have never studied economics can understand (Frank, 2007: You can also take a look). The term "economic naturalist" comes from the analogy between Frank and those who have taken an introductory biology lecture. What kind of questions can they answer later? "By understanding a little evolution theory you will know what you have not noticed before, this theory identifies the textures and patterns that stimulate recognition and reflection in the world" (Frank, 2007).