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2021-02-09 18:56:10
30-Day Money-Back Guarantee
Personal Development Personal Productivity Economics

The Causes & Effects of recession. A must know for Everyone

Familiarise yourself with the Causes & Effects of recession. A must-have knowledge. Adapt early to the new age normal.
New
Rating: 0.0 out of 50.0 (0 ratings)
149 students
Created by R Tutor
Last updated 2/2021
English
English [Auto]
30-Day Money-Back Guarantee

What you'll learn

  • List to cause and effects of the recession caused by covid-19 into the life of an individual.
  • Minimize the general effect of recession and help yourself out of the poverty trap.
  • Device a master plan to overcome recession and stay out of the traps of recession associated distress.

Requirements

  • No prior knowledge on this topic is required.

Description

Welcome to the comprehensive course on The Causes & Effects of recession. A must know for Everyone.

R Tutor is a team of training professionals who explain complex information in the simplest form with relevant examples.

In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending by individuals and institutions.

During any recession, news stories about unemployment figures take center stage while the families dealing with the recession suffer, often quietly. People work hard just to stay afloat in hopes that the economy will turn around soon, but often to no avail. This course covers every aspect of the topic.

On completion of the course, you will be able to:
List to cause and effects of the recession caused by covid-19 into the life of an individual.
Minimize the general effect of recession and help yourself out of the poverty trap.
Device a master plan to overcome recession and stay out of the traps of recession associated distress.

No prior knowledge on this topic is required.

Everyone can take this course and is best suited for:
Individuals and families facing the impact of recession due to covid-19.
Professionals and business owners looking to minimize the effect of the recession.
Everyone who is involved with any kind of business or financial institution.

Your wait is now over. Here is the course which helps you get started and fully equip you with the protective measures against recession. It's the beginning of the new normal! Enroll now!

Who this course is for:

  • Individuals and families facing the impact of recession due to covid-19.
  • Professionals and business owners looking to minimize the effect of the recession.
  • Everyone who is involved with any kind of business or financial institution.

Course content

15 sections • 112 lectures • 4h 39m total length

  • Preview00:35
  • Preview01:09
  • Prerequisites & Target audience
    01:16
  • Course objectives
    00:45
  • Table of content
    01:56

  • Definition of recession
    03:30
  • What happens during a recession
    02:19
  • Average duration of recession
    02:24

  • Recession due to natural disaster
    02:33
  • Recession due pandemic
    01:53
  • Recession due high interest rates
    01:30
  • Recession due a stock market crash
    01:11
  • Recession due falling housing prices
    00:59
  • Recession due Industrial slowdown
    01:30
  • Recession due to regulation
    02:07
  • Reason for 2020 recession
    01:43

  • Loss of jobs and employment
    03:58
  • Disturbed family life
    01:28
  • Unwanted lifestyle changes
    02:22
  • Crunched family budgets
    00:58
  • Lack of business opportunities
    01:44
  • Fluctuation in real estate value
    01:47
  • Loss of education opportunities
    01:36
  • Increase in debt
    02:01

  • Costs Associated with Direct Losses
    03:07
  • Costs Associated with Indirect Losses
    02:08
  • The Commodity Effect and Scarcity
    01:34
  • Opportunity Costs
    02:05

  • Find someone who will listen to you
    04:38
  • Communicate completely what happened
    01:48
  • Write down what you learned
    01:13
  • Make it firm policy
    01:17

  • Preview07:33
  • Grief after job loss
    04:01
  • Reach out to stay strong
    02:24
  • Involve your family for support
    02:44
  • Face your feelings
    04:06
  • Get moving to relieve stress
    01:41
  • Eat well to keep your focus
    02:42
  • Take care of yourself
    01:27
  • Stay positive to keep up your energy
    02:40

  • Talk about it
    03:35
  • Spend time with friends and family
    00:47
  • Take care of yourself
    00:54
  • Limit exposure to images of the disaster
    01:47
  • Find time for activities you enjoy
    01:13
  • Take one thing at a time
    01:23
  • Do something positive
    01:23
  • Avoid drugs and excessive drinking
    01:21
  • Ask for help when you need it
    01:26

  • Reading Law books related to Debt
    03:37
  • Prioritizing the loans
    07:46
  • Stop taking further loans
    02:43
  • Pay yourself first
    04:08
  • Self-repayment plans
    03:31
  • Consolidating Loan
    02:28
  • Voluntary Depositing
    01:58
  • Credit Counselling
    02:34
  • Negotiation
    03:19
  • Debt settlement
    01:01
  • Assets Liquidation
    01:16
  • Debt relief Order
    01:06
  • Protected Trust Deed
    00:42
  • Bankruptcy
    02:24

  • Preparing for a recession in advance
    05:42
  • Create an emergency fund
    04:11
  • Pay off all possible debt
    02:28
  • Create new income opportunities
    03:48
  • Branch out your investments
    02:42
  • Reduction in regular expenses
    03:23
  • Keep the money flowing in
    02:05
  • Keep saving as much as possible
    02:54
  • Find ways to enjoy life
    04:41

Instructor

R Tutor
A expert team of Professors and a Lawyers
R Tutor
  • 4.0 Instructor Rating
  • 54 Reviews
  • 2,662 Students
  • 30 Courses

R Tutor is a team of software applications training professionals who explain complex information in the simplest form with relevant examples.

Our work experience includes training and development of thousands of students & employees and helps them to upgrade their skills and competencies so that they can reach the full potential of their life.

We have helped big sized and complex international organizations with their training and development projects. Recognized for path-breaking achievements in areas of eLearning, mobile learning, virtual reality, and augmented reality.

R tutor is also an instructional design institute, hence complex topics are explained using examples and analogies which makes complex learning easy and fun.

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