What do you do if economic theory seems too complex to understand?

I try to take it from the top and understand the basics of it. Sometimes it's hard to understand the complex phenomena in the difficult language that is given in books. Try watching some YouTube videos related to the theory, you can also refer to the material available online.

Begin by focusing on the foundational concepts of economics. Understand the basic principles such as supply and demand, opportunity cost, and market structures. These concepts serve as the building blocks for more complex economic theories. Once you grasp these fundamentals, you can gradually delve into more intricate theories.

To make economic theory more accessible, start with basic concepts like supply and demand, break down complex ideas into smaller components, seek clarification, use analogies and examples, use visual aids, engage with different learning resources, apply economic concepts to real-world scenarios, study with peers, review and revise, and be patient and persistent. By approaching economics with curiosity, persistence, and an open mind, you can develop a deeper understanding of economic concepts.

Information transfer should follow an incremental approach, starting with simple concepts and gradually moving towards more complex ideas. It is crucial to avoid technical and abstract terminology initially. Instead, the most effective thing is to ground the concepts through practical examples and real-life situations, facilitating their understanding. A pragmatic logic, based on specific cases, is the key to laying the foundations well. Once these are solid, you can move towards more advanced abstractions and logic, building on previous understanding. However, this more abstract conceptual approach is more appropriate for more experienced teams.

If an economic theory is too complex to understand, we should break the theory into several sections that can easily be explained or understood. After that, we bring together the different sections that were explained and then we reframe them in the simplest existing way. Another way is studying the theory from its original context and then follow the evolution through which the theory has gone through. We can have to look at the etymology of the main words or in order to reconstruct the theory. This method also is powerful and leads towards best results that are equivalent to the simplified version of the complicated theory

Real-world examples can often clarify complex economic theories. Look for case studies, news articles, or historical events that demonstrate the application of economic principles. By observing how theories manifest in practical situations, you can gain a deeper understanding of their implications and mechanics.

Let's break down abstract economic ideas like inflation with real-life examples. Imagine you're learning about inflation, which is when prices rise over time. Instead of just memorizing definitions, think about things that cost more now than they did before, like candy bars. Maybe it used to cost $0.50, but now it's $1.00. This shows how inflation makes things more expensive. By connecting economic concepts to real situations, you'll remember them better and understand why they matter in the real world.

Utilize various resources available to you to aid comprehension. This includes textbooks, online courses, academic journals, and educational websites. Different resources offer diverse perspectives and explanations, catering to different learning styles. Additionally, consider seeking out tutorials or lectures from reputable economists who can provide valuable insights and explanations.

Don't hesitate to ask questions when encountering concepts that are unclear. Engage with peers, professors, or online communities specializing in economics. By articulating your uncertainties and seeking clarification, you can deepen your understanding and address any misconceptions you may have.

Apply economic theories to real-life scenarios or hypothetical situations. Practice solving problems and analyzing economic phenomena using the theories you've learned. Actively engaging with the material through application enhances retention and comprehension.

Take time to reflect on your learning progress and identify areas for improvement. Consider keeping a journal where you record your thoughts, insights, and questions related to economic theory. Reflecting on your understanding allows you to refine your knowledge and address any gaps or misconceptions.

Stay patient and persistent in your learning journey. Economics can be complex, and mastery often requires time and effort. Break down complex theories into manageable chunks, and gradually build upon your understanding. Additionally, consider forming study groups or seeking guidance from mentors who can provide support and assistance along the way. Lastly, embrace the interdisciplinary nature of economics by exploring how it intersects with other fields such as psychology, sociology, and political science.

To understand a theory, one must start from its basic principles and assumptions and learn it's arguments step by step. The main basis of economic theories that we must know before reading the theories is to understand the assumption of human behavior biased on praxeology and action. Another important assumption is the methodology of falsification and non positivism of theory and the purpose of the theory is to express what the result is.