Author's Note
Economic Common Sense Self-Diagnosis

〈First Yard〉Building Economic Foundations

001 Which Should I Choose? Guns or Butter
002 There's no such thing as a free lunch!
003 Infodemic: False information spreads like an epidemic
004 To Follow Your Intuition or Not? The Monty Hall Dilemma
005 The Trolley Dilemma: Happiness for the Many and Sacrifice for the Few
006 Keep Moving to Survive! The Red Queen's Law
007 All or Nothing! Chicken Game
008 Uncanny Valley: The Discomfort of Foreignness
009 Economic version of "Watering My Field": Neighborhood Impoverishment Policy
010 Consumers Evolve Diverse Consumers
011 Lemon Market: A place to get lost if you don't know what you're doing!
012 The survival of a nation is determined by its population. The population cliff.
013 The tragedy of the commons: I use it because it's not mine
014 Battlefield Tactics and Defense Strategies Hostile M&A
015 The Curse of the Winner, a Glorious Winner with Only Wounds
016 Wealth flows from high to low: the trickle-down theory
017 Gresham's Law: How Counterfeit Beats the Genuine
018 Pareto's Law: Targeting Only the Wealthy
019 The Veblen effect: The more expensive something is, the better it sells.
020 The bandwagon effect of following friends to Gangnam
021 Even countries can go bankrupt? Moratorium
022 Money must flow to be liquid
023 Inflation, where prices continue to rise
024 Goldilocks: High Growth, No Price Rise
The 25th government's money feast is over. Exit strategy.
026 Comparing the Economy to Animals? Hawks and Doves
027 ESG Management: Evaluating a Company's Non-Financial Performance
028 Bright and Good Apricot Snack Accounting
029 Even if a company is in the black, it will fail.
030 The Black Swan That Feared the World
031 Opportunity cost of losing one when gaining one
032 I can't give up because I'm thinking about the principal. Sunk cost
033 The front and back of the industrial value chain: forward and backward industries
034 Current Account Balance of the National Economy
035 When you press it, a balloon effect appears where other areas swell up.
036 The Idiot in the Shower Who Ruins the Economy Because of His Impatience
037 Gini coefficient showing the degree of inequality in income distribution
038 Economic Indicators by Location: GDP
039 Monopoly and oligopoly where one person eats everything alone and the other eats everything together

〈Second Yard〉 Financial Knowledge to Help You Manage Your Investments

040 Survive the Chasm!
041 Bubbles that occur repeatedly throughout human history
042 Currency indicators that measure market liquidity
043 A country thrives when money circulates properly. Currency multiplier
044 Stalking Horse: Hunting Silently and Efficiently
045 The Taylor Rule: A Criteria for Finding Economic Stability
046 Add a call option to the stock you own (covered call)
Copix to increase transparency in the 047 market
048 Foreign exchange stabilization fund to stabilize exchange rates in the foreign exchange market
049 Let's maximize shareholder profits! Shareholder capitalism
050 ETF with only the advantages of stocks and funds
051 Major Shareholder Reporting Obligation 5% Rule
052 IPO: Worries whether you do it or not
053 Listing on the stock exchange
Large-scale stock block deals conducted outside of 054 hours
055 Untouchable Money Digital Currency
056 Principal-Agent Problem: The agent works for himself rather than for the principal.
057 Five Measures of a Company's Market Value
058 Carry trade: borrowing money from low-interest-rate countries and investing it in high-interest-rate countries
059 BIS ratio showing the stability of banks
060 My Money is at Risk Bank Run
Is this the end of the bank's interest-bearing business? Expected Margin
062 Exchange rate: Laughing and crying at the exchange rate, exchange gains and losses
063 Interest rates that control the flow of money
064 Base rate, the representative interest rate that serves as the basis for various interest rates
065 Call rate for short-term funds that come running when you call
066 When borrowing foreign currency, use the LIBOR rate
067 Zero interest rate to lend money for free to revive the economy
068 If you deposit money in the bank, you will lose money because of the negative interest rate.
069 SPAC, a company established for the purpose of acquiring a company
070 Redenomination where 1,000 won becomes 100 won
071 Stock as the business capital of a stock company
Looking at the 072 chart reveals the stock market! Bar chart
073 When you see this, it's time to buy stocks! Golden Cross
074 Computer-based stock trading program
075 Good new stocks have been released.
076 Small Stocks Are Good Small Caps
077 Bull market and bear market
078 Short selling: You can sell even if you don't own the stock.
079 The Invisible Hand of the Stock Market Sidecar
080 Stock split
081 As the company grows, more capital is needed. Capital increase and reduction
082 Treasury stock repurchase, which involves purchasing one's own company's stock to defend the stock price
083 Korea's representative stock index KOSPI
084 Stock price of the second market KOSDAQ
085 US stock index Dow Jones Industrial Average
086 The Demon King of Eat-and-Run Private Equity Fund
087 Aggressive and Gambling Hedge Funds
088 Vulture Funds That Live Off Insolvent Companies
089 Derivatives that pushed the global economy into crisis
090 Futures trading with future price settlement
091 Contango, where the futures price is normal
092 Owl Disclosure: Announces Bad News Without Investors' Knowledge
093 Stock Options: A Strategy for Recruiting Top Talent
094 Leverage, a lever that bounces money

〈Third Yard〉 Catching Up with the Hot Issues in the Korean Economy

095 K-pop, K-drama, and now K-coin Kimchi Coin
096 Working Octogenarian in his 80s
097 Economic Growth White Zone Instead of Development Regulations
098 Stop Harsh Tax Collection! Plucking Goose Feathers
099 A digital twin identical to the real world
100 Indigenous People Are Displaced by Gentrification
101 A new standard is coming: the new normal
102 It's a replica, but it's not a fake! Dupe
103 The gig economy: Freelancers enjoy more freedom than regular employees
104 Helicopter Money Falling from the Sky
105 The economy of the porridge-making and dog-giving gourd
106 A cocktail crisis where bad news adds to bad news
107 Is South Korea a paradise for large corporations? Economies of scale.
108 I'm curious about Samsung's earnings announcement. Earnings Shock.
109 Regular wages that determine allowances, bonuses, and retirement pay
110 Tax havens: Corporate tricks to avoid the tax bomb
111 Backdoor listing to enter the stock market
112 Peanut Recall: What Owners and Professional Managers Suggest
113 Corporate and National Report Card Credit Ratings
114 Emerging Markets
115 Even if there are many, there is worry, and even if there are few, there is worry. Foreign exchange reserves
116 Zombie companies that are neither alive nor dead
117 Let's each go our own way! Decoupling
118 The Long Tail Law: Success Comes from a Long Tail
119 The Two Faces of Intellectual Property Rights: Patent Trolls
Let's predict inflation with 120 hamburgers: The Big Mac Index
121 The Wimbledon effect: A rolling stone dislodging an entrenched stone
Currency swaps between 122 countries
123 Nutcracker, a walnut caught between great powers
124 ASEAN to become Asia's free trade zone
A holding company holding 125 shares

〈Fourth Yard〉 Broadening the Global Economic Perspective

126 Wherever she goes, money follows Swiftnomics
127 Seigniorage effect: the profit from issuing currency
Protocol Economy: A New Economic Model Based on 128 Technology and the Internet
129 Techlash: Backlash Against Big Tech Companies
130 Beware of fakes disguised as real: Spammerflage
131 Jackson Hole Meeting, a global economic event
132 The Great American Returns: Trumpnomics
133 The Japanese economy is in his hands. Ishibanomics
134 Quantitative easing, which involves injecting money into the market to stimulate the economy
135 Tapering, which reduces the scale of quantitative easing
136 The emergence of a new generation, the Jalpa generation
137 AIIB, an international financial institution led by China
138 The TPP Trade Liberalization Swayed by Political Infighting
139 G20 countries unite on the international stage
140 Mercosur, the South American economic community that competes with the EU and NAFTA
141. Pay more taxes to sell our goods cheaper! The Smoot-Hawley Tariff Act
The whirlwind of parity in the global economy brought about by the strengthening dollar.
143 Making Money from Pollution: Carbon Emissions Trading
144 The Galapagos Syndrome: Japan's IT Industry Becomes a Frog in a Well
145 The Black Cat and White Cat Theory That Led China's Economic Development
146 China has been investing in Africa for 20 years
147 The era of ultra-fast growth for the Chinese economy is over! The Baowu era.
148 The Big Players in the Global Tourism Market: Yukers and Sankers
149 Wang Hong, the Internet Superstar Who Shakes Up China
$150, Euro, or Yuan? Reserve Currency
151 The Changing Landscape of the Global Financial Market: Neo-Capitalism
152 Gold, a precious metal that has had a great influence on human history

Basic explanations of confusing economic terms! We even cover the latest economic issues!
Altolan economic knowledge provided by an economic reporter with 31 years of experience!

The reason why studying economics is difficult is because of the unfamiliar terminology.
This is precisely why, in the hopes of quickly becoming an economics expert, people blindly choose thick financial management books or academic books written by university professors, only to end up giving up.
First, you need to understand the meaning and significance of economic terms to read economics smoothly.
This book helps readers understand basic financial terms that appear in the news without fail, such as stocks, interest rates, exchange rates, and bonds, as well as terms that you may have heard at least once, such as "free lunch," "chasm," "expected margin," and "sidecar," with detailed and friendly explanations.
We also did not forget to update on the latest economic issues such as ‘Dupe’, ‘Mangwoo New Normal’, ‘Trumpnomics’, and ‘Jalpa Generation’.
In addition, the latest cases and data are added to each topic to coincide with the publication of the revised edition, providing readers with the freshest information.

Studying economics will feed you!
Not only education, but also employment, promotion, and financial management are OK!

Our food, clothing, and shelter cannot be considered separately from the economy.
This is an era where you need to understand the principles of how the world works, such as the base interest rate that determines the interest rate on your savings account and the emergence of octogenarians as the aging population begins in earnest, to protect your money.
However, this book does not only talk about easy content.
Among the 152 economic common sense terms organized into four topics: economic common sense, financial common sense, Korean economy, and world economy, there may be some unfamiliar terms for beginners.
However, anyone can easily understand the illustrations and subheadings that summarize the long content.
Especially for those who have a vague understanding of the content, just reading the subheadings will help them quickly recall the content.
Whether you're a job seeker preparing for an interview, an employee preparing for a promotion, an investment investor, or someone studying to improve their general knowledge, this book, packed with essential knowledge, will be the ultimate economics textbook.


*This book is the 8th revised edition of the Dictionary of Economic Common Sense.