After reviewing the four tutorials of Economics, Accounting, Finance, and Business Statistics I have come up with that I really need to review all of these areas because I have been out of school since graduating at the University of Florida in 1995 and I have been out of the business work place for over seven years. I feel I need a little more help in Economics. After going over the tutorial in Economics I had some trouble in the macroeconomics section. For example when did Macroeconomics start? What were its early concerns?
According to the University of Phoenix tutorials “Macroeconomics arose out the Great Depression of the 1930s. In response to the failure of existing economic theory to explain the causes and cures of the Depression, John Maynard Keynes put forth a new explanation of fluctuations in economic activity. The early concerns of macroeconomics were to explain how changes in the economy occur and how the government can influence economic activity”. I was really lost during this section; I had to go over the section a couple of times before I really got it down. I really enjoyed the section about long run trends in the US Economy in the twenty century because it talked about what determines a business cycle? A business cycle consists of a recession, a trough, an expansion, and a peak. There have been three recessions since 1970, with most sever one coming at the beginning at 1980. I was only 8 years old at the time of the most sever recession so I really did not realize that it was going on. My plan is to review all of these tutorials, take the quizzes, and go over the lecture notes to get a better understanding of all of the areas I need help in.