Chapter 1: Basic Economic Principles … … … … … … … … … … … 12

Economy | Free Market Economy | The Three Entities of the Economy | Money | Income | Consumption | Opportunity Cost | Scarcity | Supply and Demand | Market | Inflation and Deflation | The Value of Money | Easterlin's Paradox

Chapter 2 Various Financial Institutions … … … … … … … … … … 40

Banks | Deposit margins | Central banks | Interest rates | Money supply | Savings | Types of savings | Simple and compound interest | Housing subscription accounts | Loans | Credit scores | Types of loans | Credit and debit cards

Chapter 3 How to Manage Money … … … … … … … … … … … 68

Household Accounts | Investments | Various Investment Ventures | Corporations | Stocks | Financial Statements | Blue Chips and Promising Stocks | Funds | Financial Planners | Insurance | Types of Insurance

Chapter 4 Entrepreneurship … … … … … … … … … … … 92

CEO | Multinational Corporation | Startup | Monopoly | After-Sales Service and Recall | Social Enterprise | Mergers and Acquisitions | Marketing

Chapter 5: The State and Money … … … … … … … … … … … 110

Taxes | Types of Taxes | Taxes That Change with the Times | Value-Added Tax | Tax Collection Methods | Year-End Tax Settlement | Customs | FTAs ​​| Social Insurance | Gross Domestic Product | Ministry of Planning and Finance

Chapter 6: The Economy in Life … … … … … … … … … … … 134

Depositor Protection System | Minimum Wage System | Consumer Protection Act | Real-Name Financial Transactions | Voice Phishing and Smishing | Proxy Deposits | Waste Currency | Counterfeit Currency | Exchange Rate | Exchange Rate Fluctuations | IMF Foreign Exchange Crisis | Industrial Revolution

Chapter 7: Interesting Economic Terms … … … … … … … … … … … 160

Surplus and Deficit | Blue Oceans and Red Oceans | The Law of Diminishing Marginal Utility | Comparative Advantage | Shrinkflation | Engel's Coefficient | The Sharing Economy | The Penguin Effect | The Veblen Effect | YOLO and the No-Spend Challenge

Chapter 8: I Want to Know More! Economic Concepts… … … … … … … … … … … 182

<real estate>
Real Estate Sales | Leases | Monthly Rent | Real Estate Brokers | Co-working Spaces | Gentrification | New Towns | Real Estate Taxes
<stock>
Stock | Dividend | Stock Price | KOSPI | KOSDAQ | NASDAQ
Virtual currency
Cryptocurrency | Fintech | Korea Exchange | Federal Reserve | The world's top three credit rating agencies | Financial Supervisory Service | Internet-only banks | Third-tier financial institutions

Selected by current elementary school teacher Ok Hyo-jin
100 Essential Economic Concepts for Kids!

Opportunity cost, inflation, central bank, interest rate margin, GDP… … .
It's something we've all probably heard at least once.
But when I try to explain this concept precisely, I hesitate a little.
Because if you don't know exactly, it's even more difficult to explain to others.
This book covers a variety of economic concepts, many of which we hear in everyday conversations and on the news, and which we may only know superficially, in chapters 1 through 8.
I avoided listing textbook-like economic concepts that people unconditionally study just because they think others should know them.
What makes this book even more special is that teacher Ok Hyo-jin, who has personally selected 100 essential economic concepts that she believes elementary school students should know while working with children as a current teacher.
It covers everything from basic concepts like income, consumption, and currency to concepts used in real life like taxes, insurance, and the real-name financial system, as well as trendy terms that reflect the current economic situation, such as the popular 'YOLO' and 'zero-spending challenge.'
From basic concepts to economic trends reflecting the current economic situation, the content is enriched with concepts selected directly by current teachers.

You will quickly become familiar with the concept through familiar everyday episodes,
Learn essential economic concepts faster and easier than anyone else with friendly explanations!

Although this book is titled and formatted as a dictionary, I have tried to present a variety of economic concepts in a format that is as informal as possible.
First, the students first encounter economic concepts through everyday episodes featuring Teacher Ok and the children, and then immediately understand the concepts accurately through dictionary definitions.
And, rather than just simple text, the explanations are in the form of comic panels, making it easier to understand concepts without getting bored.
The cute and adorable illustrations interspersed with the explanations help readers understand the concepts in an easy and fun way.
Finally, if you read the anecdotes related to the concepts that Teacher Ok tells, your knowledge of economic concepts will become richer.