Economics for Everyone: Understanding a Recession

What is a recession? How can it impact you? What can be done to make economic downturns more manageable? Join Jason Schenker as he describes an economy in recession, how recessions impact various industries, personal and business strategies to counter recession risks, and the drivers that bring an economy out of recession. He covers how recessions impact jobs, industries, and financial markets. He discusses consumer spending, real estate, stocks, interest rates, business strategy, and investments. Jason also shares what he considers to be the number one rule for workers to keep in mind.

Topics include:
Identify a business’s opportunities and setbacks during a recession.
Describe the way in which a recession impacts the economy’s normal order of functioning.
Define terms used for the impact of a recession.
Relate the extent of consumer spending in the US economy compared to all spending.
Differentiate the types of stock markets under various economic conditions.