Was economics your least favorite subject in school? You’re not alone. Eek-onomics strikes terror in the hearts and minds of most students. In my day, ‘Eco’ was a required course, (maybe it still is,) a fact that I found unfair and absolutely terrorizing. I even asked my family doctor for a note saying I was allergic to chlorine. Oops. That was swimming. Anyway, to my surprise, I ended up aceing economics. So with that in mind, I have prepared a brief primer for all the econophobes out there.  

MARKET MADNESS … The Dow Jones industrial average dropped last week, due to a decline in in home sales, unequal trade balances and volatile world markets. Prozac shares continued to climb.

EBITDA … So she bit him back.

GUERILLA MARKETING … Anybody wanna buy a monkey?

 

econ 101

 

BEAR MARKET … See Go-Go dancers, nudists and male strippers.

INVENTORY … Where Thomas Edison and Alexander Graham Bell hung out after work.

LONG TERM ASSETS … When that lower back fat won’t budge despite months of dieting.

BACK END LOAD … See Long Term Assets above.

LONG TERM INTEREST … Why some guys propose.  (See Long Term Assets and Back End Load above.)

econ 101

PROFITS … They can predict the future.

OPERATING EXPENSES … What you pay to have your face lifted.

PREMIUMS … Really good crackers. I also like Ritz and any brand of grahams.

RECEIVABLES … Birthday, anniversary and Christmas presents to name a few.

RELEVANT COSTS … You bet they do. So don’t let your in-laws move in with you.

NET INCOME … Depends on how many fish you catch.

OPTIONS … Shall I stay or shall I go?

BETA … Opposite of worsa.

GROSS DOMESTIC PRODUCTS … Brussels sprouts, spinach and liver to name a few.

ACCOUNTS PAYABLE … Yes they are. So are Dukes and Earls and even Kings.

                                                                              Copyright 2016 Harriet Posnak Lesser

YOU MAY ALSO LIKE: 

Geologically Speaking by Harriet Posnak Lesser

Weight and See by Harriet Posnak Lesser

Dennis Basso, Spring 2017

Leave a Reply

Your email address will not be published. Required fields are marked *

* Copy This Password *

* Type Or Paste Password Here *