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About the Class
This is a lecture for all those people who do not understand a word of economics.
All around there is talk of a Recession. Words like sub prime mortgage, unemployment, inflation, bankruptcy, economic slowdown, global credit crunch keep coming back to us from the television, newspapers, shopkeepers and friends.
What is this recession that everyone is talking about? What causes it and what are the key indicators? How does it affect us? What are the causes which are believed to have resulted in the recession of 2008?
This session is my attempt to answer the above questions and to better acquaint the students with the existing gloomy global economic environment.
Language of instruction:
Keywords: economics, recession, global economic enviroment, unemployement, bankruptcy, inflation