Econ 101 — Basic Economics

Welcome to Econ 101. While not all colleges use the same numbering system for their classes, a typical introductory economics course would begin with 101 and 102, or 110 and 120. Some schools actually reserve economics for sophomore level courses, so they will commence with 201 and 202 or 210 and 220. At least something like that.

So the purpose of the subject is not to teach economics, while it is hoped that you will learn something. The purpose is to look at life. Economics is a behavioral science. So the subject is about us. It is about things we do every day. It is about decisions we make.

Over the past few years I have posted several articles that touch upon economics. For that reason, it was considered best to gather these discussions in one place. It is hoped that the articles will not overwhelm you with theory, graphs and mathematics. Rather, it is about ideas and observations of life. It is hoped that in the end you learn something new, but more importantly ask questions and eventually learn something more.

• Food Deserts — Solving the Loss of WillApril 23, 2025
  Food deserts in our big cities? In a previous article we looked at the Law of Supply: That the provision of a good or service is a function of the ability and willingness of a producer to deliver a product. Most of us are familiar with ability. We have seen countless businesses fade into history…
• A Loss of Will – The Exodus of Retail Businesses from CitiesMarch 16, 2025
  It is a law of economics that supply is the ability and will to provide a good or service to the marketplace. What we are seeing recently is the loss of will as businesses are abandoning many of our large cities. It is a law of economics that supply is the ability and will to…
• Why ECON 101 – Basic Economics?January 14, 2025
  The short answer – it is important for people to be informed about economics. The longer answer – economics is a part of life, whether we acknowledge it or not. Wouldn’t our lives be better if we understood economics? Would we make better career choices? Would we make better decisions on what we purchase? Would…
• Where Does Inflation Come From?July 7, 2022
  What causes our current inflation problem? Knowing the cause is important in applying the solution.