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Studying economics in one minute, one word a day
Studying economics in one minute, one word a day
Description
Book Introduction
Just reading for one minute a day will build your basic economic knowledge!
Keep the explanations short and fun, like a news card! Rich in visuals!
Complete your school report card, entrance exam, and essay preparation all in one go!


Bitcoin, minimum wage, stocks... Is there a way to study economics, which has become essential even for teenagers, in an easy and fun way? "One Word a Day, One Minute Economics Study" helps students master the fundamentals of economics by covering essential concepts from middle and high school textbooks and extracting concepts from the latest news and newspapers.
We've gathered all the concepts that frequently appear on exams so that they can be immediately helpful for school grades and entrance exams.


Even if you are studying economics for the first time, the concept is explained through fun stories that children will find interesting, such as how Ryu Hyun-jin's annual salary changes depending on the exchange rate and economic keywords hidden in actress Yoon Yeo-jeong's acceptance speech, so that even beginners can easily understand.
The most notable feature is its short, clear explanations with colorful visuals that can be read in one minute for children who are more familiar with images than text.
It is stored in your head automatically without you having to try to memorize it.
Additionally, the "Reading the World Through Economics" section in each chapter covers emerging economic issues and current topics, helping students prepare for essays and debates.

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index
preface

Chapter 1: Economic Concepts

001 Scarcity: Why are the world's precious things expensive?
002 Opportunity Cost: Why There Is No Free Lunch in the World
003 Efficiency and Equity: Should We Make the Pie Bigger or Share It Fairly?
004 Market: Why is Carrot Market also a market in economics?
005 Economic Activity: Am I, a student, engaged in economic activity?
006 Public Goods: Why Should the Government Create Free Parks and Water Supply Facilities?
007 Substitutes and Complements: What's the Secret Behind "Chicken Instead of Pheasant" and "Chi-Maek"?
008 Normal and Inferior Goods: When people's finances improve, what is the first thing they do?
009 Unemployment: Are we all unemployed if we don't work?
010 Stocks vs.
Bonds: Two Ways to Roll Money?
011 Externalities: Why do people get the flu shot less often than we think?
012 Privatization of Public Enterprises: Why Would the Government Sell Off Its Enterprises to the Private Sector?
013 Sharing Economy: Is it true that you have to own something to be able to consume it?
Reading the World Through Economics I Economic Development vs.
Environmental Protection: What's a Rational Choice?_Environmental Pollution and Rational Choice
Reading the World Through Economics II: Will Everyone Be Happy in a Sharing Economy? _The Light and Shadow of the Sharing Economy


Chapter 2 Economic Phenomena

014 The Bandwagon Effect: Why Is Social Media Word-of-Mouth Important for Product Sales?
015 The Snob Effect: How Does the Sophisticated White Heron Consume?
016 Concorde's Fallacy: Why Can't We Stop Even When We Know It's Losing?
017 Business Cycle: Does the National Economy Have a Biorhythm?
018 Inflation: Why do the prices of jajangmyeon keep rising?
019 Deflation: Why Are Falling Prices So Fearful?
020 Stagflation: Adding insult to injury, what's the most dangerous economic situation?
021 Nudge Effect: What unexpected effects can emerge from a gentle nudge?
022 Market Failure: Can the 'Invisible Hand' Solve Everything?
023 Government Failure: Can the Government Be a Panacea?
024 Gentrification: Why do hot neighborhoods rise and fall so quickly?
025 Moral Hazard: Why Does Car Insurance Make You More Afraid to Drive Safely?
026 Regional Economic Bloc: What if nearby countries joined forces economically?
027 The Tragedy of the Commons: What Happens in an Unclaimed Pasture?
Reading the World Through Economics I: Why Are Venezuelans, Once Oil-Rich, Now Finding It Hard to Make a Living? - Hyperinflation
Reading the World Through Economics II: Is the Assumption That Humans Are Rational Beings True?_Behavioral Economics


Chapter 3 Economic History

028 A History of Capitalism: Can the Face of Capitalism Change?
029 Commercial Capitalism: Did Capitalism Have a Fetal Stage?
030 Industrial Revolution: What event brought about human abundance?
031 Industrial Capitalism: How Did Capitalism Change the World?
032 Monopoly Capitalism: Why did degenerate capitalism start seeking colonies?
033 The Great Depression: What was the worst recession in history that terrified the world?
034 New Deal Policy: What new card did the government pull out to solve the Great Depression?
035 Revision Capitalism: How to Rewrite the History of Capitalism?
036 Oil Crisis: Was there a time when gas stations ran out of gas?
037 Neoliberalism: Why did Prime Minister Thatcher, the 'Iron Lady', receive both praise and criticism?
038 Global Financial Crisis: What crisis started on Wall Street and swept across the financial markets?
039 Japan's Bubble Economy: How Did Japan's Shining Golden Age End?
040 3 Low Boom: When was the greatest golden age for our country's economy?
041 The 1997 Foreign Exchange Crisis: When was the greatest crisis that changed the history of the Korean economy?
Reading the World Through Economics Ⅰ Why Are There So Many Dystopian Films About a Dark Future? _The Fourth Industrial Revolution and the Future
Reading the World Through Economics II: Why Did the Government Provide Disaster Relief Funds After COVID-19? _The Impact of Disaster Relief Funds on the Economy


Chapter 4: Economists

042 Adam Smith: Does the 'invisible hand' rule the market?
043 David Ricardo: Why is trade between countries beneficial to everyone?
044 Chapter Baptiste Say: Which comes first, supply or demand?
045 Thomas Malthus: Is population growth a social disaster?
046 Alfred Marshall: Why are supply and demand like a pair of scissors?
047 Karl Marx: Will Capitalism Really Fall?
048 Thorstein Veblen: Why do people like luxury brands?
049 John Maynard Keynes: Is the 'Invisible Hand' Really a Panacea?
050 Joseph Schumpeter: What is the entrepreneurial spirit that leads to social change?
051 Paul Samuelson: All economic problems boil down to three things?
052 Ronald Coase: How to solve the noise problem between floors without force?
053 Friedrich Hayek: Who was the economist who pioneered a new path of liberalism?
054 George Akerlof: Why are more and more defective cars left in the used car market?
055 Thomas Piketty: How did we get to a world where money makes money?
Reading the World Through Economics I: What if Only One Lane in a Two-Lane Tunnel Is Blocked? - The Tunnel Effect, Income, and Distribution
Reading the World Through Economics II Why did Warren Buffett, one of the world's richest men, call for more taxes from the wealthy?
_Controversy over the introduction of a wealth tax


Chapter 5 Economic System

056 Market Economy: What is the most powerful economic system in the world?
057 Planned Economy System: What if the economy runs according to government orders and plans?
058 Depositor Protection System: If a bank goes bankrupt, can I get my deposits back?
059 Central Bank: Where will our country's currency come from?
060 Maximum Price System: Did the 'Half-Price Milk' Policy Surge Milk Prices?
061 Minimum Wage System: Why does the government set a minimum wage standard?
062 Progressive Tax: The more money you earn, the more taxes you have to pay?
063 Budget System: How Does the Government Manage the Nation's Finances?
064 Organisation for Economic Co-operation and Development: Why has 'OECD standards' become a staple in the news?
065 Monopoly Regulation and Fair Trade Act: Can the Government Correct Unfair Game Rules?
066 Economic Stabilization Policy: Can the Government and Central Bank Maintain the Economy's Appropriate Temperature?
067 Fiscal Policy: Why does the government release or collect money?
068 Financial Policy: What if we sprayed money from helicopters?
069 Fixed exchange rate system vs.
Floating Exchange Rate System: Two Methods of Setting Exchange Rates: Which is Better?
Reading the World Through Economics I: Will the Minimum Wage System Help Workers? The Controversy Surrounding the Minimum Wage System
Reading the World Through Economics II: What if the State Gave Every Citizen a Free Monthly Salary? The Debate on Basic Income


Chapter 6 Economic Indicators

070 Gross Domestic Product: Can it measure the height and weight of a national economy?
071 Gross National Product: Will the foreign currency earned by Korean singers be included in our country's economic size statistics?
072 Economic Growth Rate: How Do We Know If an Economy is Growing?
073 Price Index: If things at the supermarket become more expensive, does that mean prices have gone up?
074 Big Mac Index: How did the hamburger become a benchmark for measuring inflation?
075 Base Rate: Is there a 'standard' for interest rates?
076 KOSPI Index: How to Identify Stock Price Changes That Make Investors Laugh and Cry
077 Bitcoin: A Vehicle of Speculation or the New Currency of the Future?
078 Lorenz Curve and Gini Coefficient: Can the Income Gap Be Represented in Numbers?
079 Decile Distribution: Can We Measure Inequality?
080 Relative Poverty Rate: How Serious Is Poverty in Our Country?
081 Unemployment Rate: Why do people look unemployed but aren't?
082 Exchange Rate: At what rate will foreign currency and domestic currency be exchanged?
083 Foreign Exchange Reserves: Why does the government set aside foreign currency reserves?
084 Balance of Payments: Should the government also record its transactions with other countries in its ledgers?
Reading the World Through Economics I: Are We Happier, True to the Saying, "Let's Live Well"? _GDP and the Happiness Index
Reading the World Through Economics II: Would Baseball Player Ryu Hyun-jin Enjoy a Rising Exchange Rate? The Impact of Exchange Rate Fluctuations on Our Lives


Chapter 7: The Laws of Economics

085 Life Cycle Hypothesis: Why Should We Consume Stably?
086 The Law of Demand: Can you make a profit by selling something cheap?
087 Law of Supply: What will producers do when the price of a good increases?
088 Equilibrium Price: What are the market traffic lights that regulate supply and demand?
089 Fluctuations in Demand and Quantity Demanded: How Can We Reduce Tobacco Consumption?
090 Price Elasticity of Demand: Why is the meat section of a supermarket located inside?
091 Price Elasticity of Supply: Do Farmers Hate Good Harvests?
092 Price Discrimination: Why Are Amusement Park Price Lists So Complex?
093 Economies of Scale: The More You Make, the Better?
094 The Law of Three-Way Equivalence of National Income: Where will the money I spend today go?
095 Phillips Curve: Why Are Unemployment and Inflation Difficult to Control Simultaneously?
096 The Paradox of Savings: Is Saving Too Much a Problem?
097 The Fool in the Shower: Why Is Temperature Control in the National Economy So Fail-Prone?
098 Game Theory: Why is a game of reading the mood more disadvantageous?
099 Law of Diminishing Marginal Utility: Can you keep eating your favorite food without getting sick of it?
100 The Vicious Cycle of Poverty: Why Do Poor Countries Stay Poor?
Reading the World Through Economics I: The Economics of COVID-19 and Masks: The Impact of Product Elasticity on Society
Reading the World Through Economics II: Why Can't Oil-Producing Countries Easily Reduce Oil Production? _The Prisoner's Dilemma for Oil-Producing Countries
Reading the World Through Economics III: Does More Money Mean Happiness? _The Law of Diminishing Marginal Utility Between Money and Happiness

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Publisher's Review
"What are #funds and #stocks? These days, teenagers are curious about the economy!"
The easiest way to study economics
The core of economic concepts that can be completed in a short period of time!

Do you want to learn about economics but find it too difficult? This book introduces the easiest way to start studying economics, one thing at a time, every day.
It captures the essence of the economy in 100 words, from concepts found in middle and high school textbooks to the latest keywords trending in newspapers and news.
Reflecting the characteristics of today's teenagers who are accustomed to videos, each concept is explained briefly and clearly with pictures and diagrams, using the concept of one word per day, one minute.
Even if you just use your spare time, like during breaks, you can acquire economic knowledge.
This is the first volume of the “1·1·1 Series” of short, fun, and quick study.


“Just read it and you’ll memorize it.”
The world's most fun economics lesson, explained from a student's perspective by a current teacher!

This book, written by a current teacher, helps children quickly understand unfamiliar and unfamiliar economic concepts through everyday examples and interesting anecdotes.
For example, the law of diminishing marginal benefits is introduced through the story of one bite of ramen, one of the world's most delicious ramen, and the difference between GDP (gross domestic product) and GNP (gross national product) is explained through the world-famous idol group BTS.
The economic term 'bandwagon effect', which refers to the phenomenon of consuming goods following others, originated from presidential election campaigns in the mid-19th century.
When Zachary Taylor, one of the candidates at the time, got on the bandwagon to campaign for president, people who were curious about this sight followed him.
This campaign was successful and Taylor became president.
After that, consumption that follows others like following a bandwagon came to be called the bandwagon effect.

These conceptual explanations will sink into your head just by reading them, without you having to try to memorize them.
It also naturally helps us understand how the economy affects our daily lives and the principles by which society operates.


Not only do we prepare for school grades and the CSAT, but we also have a corner for debate and essay preparation!
We've compiled all the concepts that frequently appear in high-difficulty college entrance exam questions and essays, such as income inequality and government economic regulations.
In addition, as you read, you will naturally review and deepen your understanding, and the related concepts are grouped together so that you can naturally review and move on to the deeper level.
In addition, we have created a corner called “Reading the World Through Economics” to cover economic issues and current affairs, helping students build the economic knowledge necessary for school exams, the college entrance exam, and essay writing.

GOODS SPECIFICS
- Publication date: December 8, 2021
- Page count, weight, size: 256 pages | 534g | 170*225*16mm
- ISBN13: 9791191309164
- ISBN10: 1191309169

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