Economic meltdown, Bernie Madoff, off-shoring, sub-prime loans, bailouts, entitlements, supply and demand ... wish you had paid more attention when they talked about economics in high school or college? Are you interested in learning more about economics -- what the words mean, basic concepts, pointers on personal finance?
Still not convinced? Here are some more reasons to learn about economics:
- You can talk about money without having to make any
- Mick Jagger and Arnold Schwarzenegger both studied economics, and look how they turned out
- When you are in the unemployment line, at least you will know why you are there
- If you rearrange the letters in 'ECONOMICS,' you get 'COMIC NOSE.'
The LTLPF is sponsoring a free film and discussion series at the Charlevoix Public Library, using films produced by The Teaching Company and featuring Timothy Taylor, Professor of Economics at Macalester College in St. Paul, Minnesota, and Managing Editor of the Journal of Economic Perspectives.
The first four sessions will cover two half-hour topics each, followed by a half hour or more of open discussion. We have taken our lead from a Swedish saying, "Economics is like red wine - if you drink too much on one occasion, there is a risk for dizziness." So we'll learn a little at a time. Each of the programs will begin at 2:00 p.m.
February 8 -- "How Economists Think" and "Division of Labor"
February 22 -- "Supply and Demand" and "Price Floors and Ceilings"
March 8 -- "Elasticity" and "The Labor Market and Wages"
March 22 -- "Financial Markets and Rates of Return" and "Personal Investing"
If people are interested, we will move on to topics like "Money and Banking," "The Federal Reserve and its Powers," "International Financial Crashes," "Regulation and Deregualtion," and more.
Everyone is welcome. No tests, no pressure -- an interest in learning about economics is all you need to bring with you.