Why do prices go up and down? Learn the basics of supply and demand in plain English. Discover how this rule affects your savings, salary, and shopping.
Income Explained: The Water Filling Your Financial Bucket 🪣
Wondering exactly how income works? We break down the difference between gross and net pay, active vs. passive earnings, and why understanding your income is the first step to wealth.
Wages Explained: What Is the Price Tag on Your Time? 🏷️
Confused about your paycheck? We explain what wages are, the difference between "real" and "nominal" pay, and why it matters for your financial freedom.
Economic Growth Explained: Why a Bigger Pie Means a Better Life 🥧
Confused by news reports on the economy? We explain what economic growth is, how it’s measured, and exactly how it impacts your paycheck and investments.Suggested URL: EconMike.com/what-is-economic-growth
Monetary Policy Explained: The Economy's Gas Pedal and Brake 🚗 💡
Confused by interest rates? Learn what monetary policy is, how the Federal Reserve uses it to manage the economy, and exactly how it impacts your wallet.
Ever heard the term "liquidity" and felt confused? Learn exactly what the concept means, why cash is king, and how asset availability impacts your financial safety.
Economic Growth Explained: Why a Bigger Pie Means a Better Life 🥧
Confused by news reports on the economy? We explain what economic growth is, how it’s measured, and exactly how it impacts your paycheck and investments.
The Dual Mandate Explained: Driving the Economy Car 🚗
Why does the Fed touch interest rates? It’s to satisfy the Dual Mandate. Learn how the Federal Reserve balances jobs and prices to keep the economy steady.
The Business Cycle Explained: Why the Economy Has Seasons 🍂🌷
The economy doesn't move in a straight line. Learn the four stages of the business cycle, why recessions happen, and how to prepare your finances for every season.
Ever wondered how economists measure an entire country's financial health? This beginner's guide breaks down GDP (Gross Domestic Product) using a simple, relatable analogy.Suggested URL: EconMike.com/what-is-gdp
What Are Interest Rates? Interest rates affect your savings, loans, and credit cards. Learn what they are, how they work, and why they matter to your everyday financial life.
