I have been doing my university study group work with a good friend of mine who has been working as a bookkeeper and does a lot of consulting. The way he has been able to teach himself economics is by finding books that he finds interesting and by teaching himself the basic concepts. I know it’s a bit difficult at first but he always has great questions.
He teaches two main topics that I use in my class every semester. I used these two topics in one semester. In order to teach yourself about economics and get an economics degree, I suggest that you go down to your local library, the bookstore, or online and buy as many books as you can find that teach about economic matters.
Books such as “This Time We Build It”, by John Macaluso, or “How To Make Money Work” by Tom Hopkins. You should pick out at least a couple of good economics text books per semester.
As you are reading each text book, try and think of a question you would like to ask that is in the context of the class. For instance, in class you might be asked if you should build your own home or buy an existing home and fix it up yourself. The answer to this question is important. If you do not know the answer, then ask your teacher. He or she will give you the right answer.
Of course, you may also want to decide whether you should buy your own home, rent a home or live in a dorm. The answer to these questions will affect your analysis. The reason I suggest buying your own home or living in a dorm is because you are in control, you know what the market will do and so much more.
Another economic book to buy is “The Road to Serfdom” by Milton Friedman. This book is written for those who wish to learn how to manage the economy better. The book is written in the same way as those who study economics at college. Milton Friedman teaches, but this book is more about economics.
There are so many books on the market, the theory itself is not enough. When I was in college, I never had any theory at all.
To make sense of it, I read textbooks that explained how economics works and how to analyze real life. I remember one textbook that had a diagram of the economy and a bunch of equations and I had to figure out which part of the diagram represented real life. I found that the graphs and equations were very confusing and I couldn’t figure out what to look at.
After that, I started thinking about real life and why things are the way they are and what I could change or do to change things. The book taught me to think for myself and that is exactly what I did. Now, I look at graphs and equations and diagrams and think about their meaning. and what they mean.
After that, I needed to choose some economics texts that would help me with the subjects I wanted to take. In order to help me with economics, I picked “Economic Theory and Policy” by Milton Friedman and “Economics of Public Finance” by Robert Traywick. These two books will give you a foundation on how to study economics so you can do a more comprehensive and thorough understanding of the subject.
The most important part of learning about the subject is not so much about economics. But rather getting the understanding of what’s going on and why it’s happening. You need to understand why some things are done in certain ways and why people do things a certain way. Without understanding why, there isn’t any real understanding of economics.
