Basic Economics and Contentious Discourses: Introduction

Basic Economics and Contentious Discourses: Introduction

Hi, welcome to my website, and welcome to my first series in Economics. I had announced this on my Instagram account in the month of March however I didn’t have the time to start this until the end of my exams last week.

Basic Economics and Contentious Discourses will have two parts. The first part, Basic Economics, which at the moment of writing this, on 30th May 2021, has a planned an end. For the second part, Contentious Discourses, I do not have an end in mind, and therefore it will go on indefinitely.

Basic Economics will be a simple introduction to the economy and to commonly used economic terms. The things I will talk about in Basic Economics will be those that most economists believe are true. The fundamentals of economic growth, inflation, recessions and depressions, velocity of money, etc.
My goal with Basic Economics is to attempt to explain economic concepts in a manner as simple as possible that would help those consuming the content develop an intuitive understanding of the economy. I will be using stories to achieve this. We will start with a fictional economy, which has its own fictional currency, and this economy will evolve from a primitive one to a larger one.

$15 California Minimum Wage: Democratic Party Is Abandoning Economics |  Fortune

Contentious Discourses, as the name suggests, will be about issues like minimum wages and government welfare that are hotly debated among economists and there is no widely adopted consensus in terms of solutions to economic problems. I will attempt to present multiple points of view with every topic that I pick up for discussion and give a conclusion based on empirical evidence and theories that make sense to me. While what I say in Basic Economics can be considered true based on consensus, my conclusions in Contentious Discourses are always open to counter-arguments and improvements since even the most eminent economists in the world have their differences when it comes to certain matters. While making my points however, I will keep referring to evidence we have in order to corroborate or disregard the views of different schools of economic thought. If anyone wishes to challenge my conclusions, I would like them to have some empirical backing behind their claims or at least a logical and well reasoned theory. I am not saying that you have to be an expert to challenge me or to say that I am wrong, I am only saying that if you think I’m wrong and you wish to tell me about your views, I’d appreciate that you reason with me, instead of baselessly telling me that my statements do not make sense.

My objective with this series, is not just to help others learn Economics and the Social Sciences but also to learn more about the subject myself. Since my academic studies are from a distance learning course where I have to study on my own, I do not have the opportunities of engaging with peers and learning from them as I would have had in a conventional degree. So apart from sharing my views in Contentious Discourses, I am also seeking more views and ideas that can help me deepen and strenghten my understanding of economics. Moreover, I wish to research about certain things and given the path I’ve taken in my career, doing such research in an academic setting looks unlikely at least at this moment so the internet could become my platform for publishing research.

Thank you for joining me in this series. I hope I am able to make this series enjoyable and educational for you. And if you have any feedback for me, I will gladly take it. You can reply to my on this blog post, send me a message on Instagram or leave a comment on YouTube. Thank you again, and I will see you in the next post.