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Everyday Economics

by Syd Pomidennis

For the past seven years, Dennis Youkstetter has been teaching economics at OLLI. This semester has him at the front of a class titled Microeconomics.
My first question was, “How can such a big subject be ‘micro’?” He
replied that he will show us how to apply it in our daily lives. If one has a workable understanding of economics, the study of fiscal and monetary rules the government uses to manage the financial affairs of the country is not only fascinating, but critical to effectively manage day-to-day personal finances (i.e. interest rates, the amount of money in circulation, etc.)
Dennis is a native Californian, raised in Beverly Hills, and the father of three children. He earned his doctorate in Organizational Management from Columbia University while he lived in New York City. He built his own company which took failing companies and got them up and running by applying his management skills and knowledge of economics. Dennis also taught at the University of Southern California.
As seniors of this generation, we are living longer. Dennis comments,
“Some of us will be retired for a longer period of time than our actual working years. How shall we handle our resources accumulated at a time of a
different inflation rate?”
Welcome to practical economics! It sounds like a course we all need. Along with opera, movies, Shakespeare and art, we all need to know how to balance our checkbooks so we can enjoy and partake in all of the above.


Osher Lifelong Learning Institute at CSULB
Building HS&D, Rooms 100 & 101
1250 Bellflower Blvd.
Long Beach, CA 90840-5609
Phone: 562-985-8237 Fax: 562-985-8213
Web site:


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