Thirty years old, studying economics
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Description
Book Introduction
Economist Hong Chun-wook reviewed it, The very book recommended by the 3.42 million-viewer economic channel, Shuka World! All about 'money': earning, spending, saving, and calling. Easy and fun way to learn economic knowledge that will help you increase your bank balance! From stocks to coins, bonds, gold, and the dollar... More people are interested in diverse investments than ever before. However, there is one thing that is really important to know in order to make money with these things, but it is something that I can't seem to get my mind around. It's the 'economy'. The economy is not far from us. Whether we buy an iced Americano on our way to work, what to eat for lunch, or where to go on summer vacation, we make choices big and small every day, and all of these choices are related to the economy. This book follows your daily routine, examining step by step how closely the economy and our lives are intertwined. We cover everything from 'interest rates', which are the basis for deciding whether to save or invest this month's salary, to 'price points', which determine what to have for lunch today, to 'stocks' and 'real estate', which can make your money grow. It also provides a thorough explanation of how the factors that drive the economy are connected and how they influence each other. Understanding the economic cycle of ups and downs not only helps you find the right investment timing, but also allows you to respond to uncertain economic conditions at any time. This book will also answer questions related to money, such as why a chicken costs 30,000 won, when is the best time to exchange Japanese yen when traveling to Japan, and why you still don't have enough money even though your salary has increased. The economy is no longer just a series of numbers and graphs on the news. So why should we learn about the economy now? Because now, with economic growth slowing, is the perfect time to build the foundation for earning more, saving more, and using money wisely. If you read it lightly, as if you were talking to a friend, you will soon find yourself gaining more stamina about economics. Now you can avoid being swayed by the hype surrounding Nvidia and the highs, or getting swept up in trends like YOLO or the no-spend challenge. You will find yourself making smart decisions about how to manage your money. If you want to live your life to the fullest, start studying economics with this book. |
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index
Chapter 1: 6:00 AM 35,000 Choices a Day: What is Economics?
What is economy?
Who is in charge of economic activities?
'Gyeonggi', which indicates the weather of the economy
A business cycle that resembles a camel's back
Cloudy and clear skies
Are economics and finance the same thing?
The power of finance is the competitiveness of a country.
Why U.S. economic news appears in our newspaper
The moment the dollar became the world's central currency
Understanding the global economy reveals the Korean economy.
finish
Chapter 2: "Geumri" Steals My Americano on the 8:00 AM Commute
What is the interest rate?
Back when deposit interest rates were only 15%
The center of South Korea's military service, the base interest rate
Why does the base interest rate change?
Is there an animal that determines interest rates?
To save or to invest, that is the question.
Is a fixed interest rate better or a variable interest rate better?
They lowered the base interest rate, so why is the loan interest rate the same?
Does Buying a Home Depend on the Base Interest Rate?
Why Jobs Are Disappearing Even When Interest Rates Rise
Why is our country conscious of the US base interest rate?
If you want to deposit money, please pay money?
Interest rate indicators that monitor economic trends
finish
Chapter 3: 9:00 AM: The Republic of Korea, Built on 3,000 Hours
Economic growth in exchange for 3,000 hours of annual labor
Why the Made in China Label Has Become Blurred
Economic growth depends on production volume.
It's clear that he's unemployed, but he's not?
Why the Employment Rate + Unemployment Rate Doesn't Equal 100
Even if the employment rate is at an all-time high, the economy isn't recovering?
People who cry and laugh over the minimum wage increase
Korea's population decline is more severe than the Black Death in medieval Europe.
'Around thirty' is gone and 'around fifty' is coming.
finish
Chapter 4: 11:30 AM: The "Prices" That Driven Convenience Stores to Open
What are the prices?
Double, hyperinflation
Inflation makes my salary smaller
How inflation changes our daily lives
Is inflation always bad?
What happens to the economy when prices fall?
Inflation vs. Deflation: Which is Better?
The worst combination: stagflation
What moves prices?
When oil prices rise, prices also rise?
'Consumer Price Trends' to see prices at a glance
Price index that shows real meaning when compared
finish
Chapter 5 3:30 PM The end of the chapter that makes you wake up with a start
Money, come out in a jiffy! Magic securities
Buying stocks makes you an owner of the company.
Where to buy stocks?
The price of a piece of cake, stock price
You'll even share a bean? You'll even share a share of stock!
Criteria for checking the well-being of the stock market
Regularly laying geese, dividends
When interest rates rise, should you invest in savings or deposits instead of stocks?
Exchange rates and stock prices move in opposite directions.
If you're afraid to choose one, try ETFs!
A promise for borrowed money, a bond
High-Yield Bonds: Sweet, But Risky
Where does the money flow when buying and selling bonds?
How to gauge the health of the economy through securities
finish
Chapter 6 6:00 PM After work, a bowl of udon in Japan?
What is the exchange rate?
Why Exchange Rates Are Different for Each Bank
The foreign exchange market, where exchange rates are determined
Is the currency strong or weak?
Is our country's exchange rate at an appropriate level?
What happens when the exchange rate rises?
What happens when the exchange rate falls?
What is the relationship between exchange rates and prices?
What is the relationship between exchange rates and stock prices?
The foreign exchange crisis that terrified the entire nation
finish
Chapter 7 8:00 PM Yong-in Pu-si Fubao's hidden expression
Trade Gourmet, South Korea
South Korea, a country that once sold urine, has grown 7,000-fold.
Our country's household account book and balance of payments
If the current account surplus is in place, will the economy improve?
K-culture alone can't overcome the deficit.
Why I Can't Smile Even When I Win a Free Event
Why Korea gets a cold when the US and China cough
Do you like America? Do you like China?
China: A welcome guest, or a target of particular concern?
Why does Sulbing sell tteokbokki?
finish
Chapter 8, 10:00 PM Young people close their eyes to the dazzling lights of real estate.
What on earth is real estate?
Buying a home was a headache even during the Joseon Dynasty.
When did real estate become an investment?
Why do real estate prices keep rising?
How Interest Rates Drive the Real Estate Market
When the exchange rate rises, real estate prices fall.
If there is a shortage of houses, why not just build new ones?
Why are housing prices more expensive in Seoul?
Standards for adequate supply, unsold units
The identity of the 'bubble' in the real estate market
finish
Chapter 9: 00:00 AM Economic indicators to check on your day
Reading the Flow of Money Through Economic Indicators
What is the difference between % and %P?
We are looking for a leader in the economic field.
The true meaning of 'economic growth'
Growth plate test to estimate growth potential
A mirror showing the past, present, and future of the economy
The more difficult the economy, the better the spicy food sells.
Why our country is a recognized advanced country
Please line up in order! By credit rating.
finish
What is economy?
Who is in charge of economic activities?
'Gyeonggi', which indicates the weather of the economy
A business cycle that resembles a camel's back
Cloudy and clear skies
Are economics and finance the same thing?
The power of finance is the competitiveness of a country.
Why U.S. economic news appears in our newspaper
The moment the dollar became the world's central currency
Understanding the global economy reveals the Korean economy.
finish
Chapter 2: "Geumri" Steals My Americano on the 8:00 AM Commute
What is the interest rate?
Back when deposit interest rates were only 15%
The center of South Korea's military service, the base interest rate
Why does the base interest rate change?
Is there an animal that determines interest rates?
To save or to invest, that is the question.
Is a fixed interest rate better or a variable interest rate better?
They lowered the base interest rate, so why is the loan interest rate the same?
Does Buying a Home Depend on the Base Interest Rate?
Why Jobs Are Disappearing Even When Interest Rates Rise
Why is our country conscious of the US base interest rate?
If you want to deposit money, please pay money?
Interest rate indicators that monitor economic trends
finish
Chapter 3: 9:00 AM: The Republic of Korea, Built on 3,000 Hours
Economic growth in exchange for 3,000 hours of annual labor
Why the Made in China Label Has Become Blurred
Economic growth depends on production volume.
It's clear that he's unemployed, but he's not?
Why the Employment Rate + Unemployment Rate Doesn't Equal 100
Even if the employment rate is at an all-time high, the economy isn't recovering?
People who cry and laugh over the minimum wage increase
Korea's population decline is more severe than the Black Death in medieval Europe.
'Around thirty' is gone and 'around fifty' is coming.
finish
Chapter 4: 11:30 AM: The "Prices" That Driven Convenience Stores to Open
What are the prices?
Double, hyperinflation
Inflation makes my salary smaller
How inflation changes our daily lives
Is inflation always bad?
What happens to the economy when prices fall?
Inflation vs. Deflation: Which is Better?
The worst combination: stagflation
What moves prices?
When oil prices rise, prices also rise?
'Consumer Price Trends' to see prices at a glance
Price index that shows real meaning when compared
finish
Chapter 5 3:30 PM The end of the chapter that makes you wake up with a start
Money, come out in a jiffy! Magic securities
Buying stocks makes you an owner of the company.
Where to buy stocks?
The price of a piece of cake, stock price
You'll even share a bean? You'll even share a share of stock!
Criteria for checking the well-being of the stock market
Regularly laying geese, dividends
When interest rates rise, should you invest in savings or deposits instead of stocks?
Exchange rates and stock prices move in opposite directions.
If you're afraid to choose one, try ETFs!
A promise for borrowed money, a bond
High-Yield Bonds: Sweet, But Risky
Where does the money flow when buying and selling bonds?
How to gauge the health of the economy through securities
finish
Chapter 6 6:00 PM After work, a bowl of udon in Japan?
What is the exchange rate?
Why Exchange Rates Are Different for Each Bank
The foreign exchange market, where exchange rates are determined
Is the currency strong or weak?
Is our country's exchange rate at an appropriate level?
What happens when the exchange rate rises?
What happens when the exchange rate falls?
What is the relationship between exchange rates and prices?
What is the relationship between exchange rates and stock prices?
The foreign exchange crisis that terrified the entire nation
finish
Chapter 7 8:00 PM Yong-in Pu-si Fubao's hidden expression
Trade Gourmet, South Korea
South Korea, a country that once sold urine, has grown 7,000-fold.
Our country's household account book and balance of payments
If the current account surplus is in place, will the economy improve?
K-culture alone can't overcome the deficit.
Why I Can't Smile Even When I Win a Free Event
Why Korea gets a cold when the US and China cough
Do you like America? Do you like China?
China: A welcome guest, or a target of particular concern?
Why does Sulbing sell tteokbokki?
finish
Chapter 8, 10:00 PM Young people close their eyes to the dazzling lights of real estate.
What on earth is real estate?
Buying a home was a headache even during the Joseon Dynasty.
When did real estate become an investment?
Why do real estate prices keep rising?
How Interest Rates Drive the Real Estate Market
When the exchange rate rises, real estate prices fall.
If there is a shortage of houses, why not just build new ones?
Why are housing prices more expensive in Seoul?
Standards for adequate supply, unsold units
The identity of the 'bubble' in the real estate market
finish
Chapter 9: 00:00 AM Economic indicators to check on your day
Reading the Flow of Money Through Economic Indicators
What is the difference between % and %P?
We are looking for a leader in the economic field.
The true meaning of 'economic growth'
Growth plate test to estimate growth potential
A mirror showing the past, present, and future of the economy
The more difficult the economy, the better the spicy food sells.
Why our country is a recognized advanced country
Please line up in order! By credit rating.
finish
Detailed image
Into the book
The world moves from small things, all of this is the economy.
The 35,000 choices each of us makes each day and the consequences they create.
Another consequence that follows from that result.
The book you are reading now, the smartphone you are using.
When you raise your head, the situation is unfolding before your eyes.
Things happening behind the scenes.
None of it is separate from the economy.
The economy ultimately starts with choices.
People's desires for what they want and what they want to do are endless, but the resources, like money and time, to satisfy them are limited.
So, among the many options, we end up wondering, 'Which one is most beneficial for me?' and this is where economics begins.
--- From "Chapter 1: 6:00 AM, 35,000 Choices a Day: What is Economics?"
Wherever you go, ‘standards’ play an important role.
Even when we were students, whenever we gathered in the playground, the class president would raise his hand and shout “Standard!” and we would stand in a straight line with the class president at the center.
There is a member who serves as a benchmark for interest rates representing Korea.
We call this member name 'base rate'.
All interest rates move in line with the base rate.
--- From "Chapter 2: The 'Interest Rate' That Stolen My Americano on the Way to Work at 8:00 AM"
Earlier, I said that inflation can lead to stable economic growth when maintained at an 'appropriate level'.
But what constitutes "just right" here? Even maintaining a warm bathtub is challenging, so how difficult would it be to adjust it to the perfect economic level?
Just as I might think it's warm water, the person next to me might say it's hot, it's even more difficult to maintain an economic level that satisfies everyone.
When hyperinflation occurs, where inflation becomes excessive, the value of currency falls rapidly.
As the value of money falls, people feel that things are more expensive and feel burdened by spending money.
This leads to suppression of consumption and hinders economic growth.
I'm taking my feet out because the bath water is getting unbearably hot.
--- From "Chapter 4: 'Prices' That Made Convenience Stores Open at 11:30 AM"
If you go to a restaurant during lunch time, you'll see that 6 or 7 out of 10 people are looking at their securities apps, so it seems like a lot of people are serious about stock investment.
As with Samsung Electronics, buying stock in a specific company means buying the right to own that company.
Let's think of a company as a big piece of cake.
Anyone who buys stock and becomes a shareholder, the owner of the company, gets a piece of the cake.
We call this right a 'share' and express it as a percentage, such as 'I own 3% of Company A's shares.'
In other words, when a company issues stocks, it can be seen as selling shares of the company for money.
The 35,000 choices each of us makes each day and the consequences they create.
Another consequence that follows from that result.
The book you are reading now, the smartphone you are using.
When you raise your head, the situation is unfolding before your eyes.
Things happening behind the scenes.
None of it is separate from the economy.
The economy ultimately starts with choices.
People's desires for what they want and what they want to do are endless, but the resources, like money and time, to satisfy them are limited.
So, among the many options, we end up wondering, 'Which one is most beneficial for me?' and this is where economics begins.
--- From "Chapter 1: 6:00 AM, 35,000 Choices a Day: What is Economics?"
Wherever you go, ‘standards’ play an important role.
Even when we were students, whenever we gathered in the playground, the class president would raise his hand and shout “Standard!” and we would stand in a straight line with the class president at the center.
There is a member who serves as a benchmark for interest rates representing Korea.
We call this member name 'base rate'.
All interest rates move in line with the base rate.
--- From "Chapter 2: The 'Interest Rate' That Stolen My Americano on the Way to Work at 8:00 AM"
Earlier, I said that inflation can lead to stable economic growth when maintained at an 'appropriate level'.
But what constitutes "just right" here? Even maintaining a warm bathtub is challenging, so how difficult would it be to adjust it to the perfect economic level?
Just as I might think it's warm water, the person next to me might say it's hot, it's even more difficult to maintain an economic level that satisfies everyone.
When hyperinflation occurs, where inflation becomes excessive, the value of currency falls rapidly.
As the value of money falls, people feel that things are more expensive and feel burdened by spending money.
This leads to suppression of consumption and hinders economic growth.
I'm taking my feet out because the bath water is getting unbearably hot.
--- From "Chapter 4: 'Prices' That Made Convenience Stores Open at 11:30 AM"
If you go to a restaurant during lunch time, you'll see that 6 or 7 out of 10 people are looking at their securities apps, so it seems like a lot of people are serious about stock investment.
As with Samsung Electronics, buying stock in a specific company means buying the right to own that company.
Let's think of a company as a big piece of cake.
Anyone who buys stock and becomes a shareholder, the owner of the company, gets a piece of the cake.
We call this right a 'share' and express it as a percentage, such as 'I own 3% of Company A's shares.'
In other words, when a company issues stocks, it can be seen as selling shares of the company for money.
--- From "Chapter 5, 3:30 PM, the closing chapter that makes you wake up from sleep"
Publisher's Review
Regular economic expert on SBS, KBS, TV, and radio!
The first economics book by "Conceptive Hee-ae," an economics YouTuber with 100,000 subscribers.
“The surest way to make money is to study economics!”
We live our lives earning, spending, and saving money every day.
Money is something we cannot separate from.
We live our lives making countless choices related to money, such as choosing between fixed and variable rates when taking out a mortgage, or using a check card or credit card.
At the heart of that choice is the economy.
If you know the economy well, you can make wise choices.
In fact, there is probably no one who does not know that the economy is important.
Studying economics is difficult, so I don't know where to start.
For those readers, the 100,000-subscribed economic YouTuber, 'Conceptive Hee-ae', has stepped forward.
The author says that it was the economic knowledge he accumulated through self-study that helped him escape from being a basic livelihood security recipient and own an apartment near a subway station in Seoul.
I wrote this book in the hope that readers, like myself, will live a better tomorrow through studying economics.
What if you can't find the answer in stocks and real estate?
The answer lies in ‘economic knowledge’!
Why should you read this book among the countless other economics books? It goes beyond simply explaining economic knowledge.
To help readers easily approach the economy, we've carefully selected only economic knowledge that can be applied directly in everyday life.
It shows the economy in a simple and clear way through the way we earn, spend, and save money.
You can see how various economic factors are incorporated into our lives, such as, "If interest rates rise, I should put a lump sum in my account to make money," "The exchange rate seems to be rising, so should I increase my foreign stock holdings?", or "Prices have risen so much, so lunch this month will be a packed lunch."
When explaining the base interest rate, he uses the center member of an idol group as an example, explains the exchange rate by comparing the price of Big Macs in various countries with the price of Big Macs in the United States, and explains trade using "panda diplomacy," which is the reason why Fubao returned to China, to easily explain economic elements with interesting stories.
You will now clearly understand concepts like 'inflation, unemployment and employment rates, and current account balance' that you often hear about on the news but which felt vague.
You will feel that the economy is not just someone else's story you hear on the news, but your own story.
Knowing the economy well will help you earn more money, grow smarter, and spend wisely throughout your life.
What this means is that having your own perspective on how you view and understand money, as well as how you earn it, will ultimately allow you to make better choices related to money.
Don't you want to order as much as you want without looking at the menu prices, own a nice apartment near your office, and build a solid bank account that will last you a lifetime? Then start studying economics now! This book will be with you on that path.
The first economics book by "Conceptive Hee-ae," an economics YouTuber with 100,000 subscribers.
“The surest way to make money is to study economics!”
We live our lives earning, spending, and saving money every day.
Money is something we cannot separate from.
We live our lives making countless choices related to money, such as choosing between fixed and variable rates when taking out a mortgage, or using a check card or credit card.
At the heart of that choice is the economy.
If you know the economy well, you can make wise choices.
In fact, there is probably no one who does not know that the economy is important.
Studying economics is difficult, so I don't know where to start.
For those readers, the 100,000-subscribed economic YouTuber, 'Conceptive Hee-ae', has stepped forward.
The author says that it was the economic knowledge he accumulated through self-study that helped him escape from being a basic livelihood security recipient and own an apartment near a subway station in Seoul.
I wrote this book in the hope that readers, like myself, will live a better tomorrow through studying economics.
What if you can't find the answer in stocks and real estate?
The answer lies in ‘economic knowledge’!
Why should you read this book among the countless other economics books? It goes beyond simply explaining economic knowledge.
To help readers easily approach the economy, we've carefully selected only economic knowledge that can be applied directly in everyday life.
It shows the economy in a simple and clear way through the way we earn, spend, and save money.
You can see how various economic factors are incorporated into our lives, such as, "If interest rates rise, I should put a lump sum in my account to make money," "The exchange rate seems to be rising, so should I increase my foreign stock holdings?", or "Prices have risen so much, so lunch this month will be a packed lunch."
When explaining the base interest rate, he uses the center member of an idol group as an example, explains the exchange rate by comparing the price of Big Macs in various countries with the price of Big Macs in the United States, and explains trade using "panda diplomacy," which is the reason why Fubao returned to China, to easily explain economic elements with interesting stories.
You will now clearly understand concepts like 'inflation, unemployment and employment rates, and current account balance' that you often hear about on the news but which felt vague.
You will feel that the economy is not just someone else's story you hear on the news, but your own story.
Knowing the economy well will help you earn more money, grow smarter, and spend wisely throughout your life.
What this means is that having your own perspective on how you view and understand money, as well as how you earn it, will ultimately allow you to make better choices related to money.
Don't you want to order as much as you want without looking at the menu prices, own a nice apartment near your office, and build a solid bank account that will last you a lifetime? Then start studying economics now! This book will be with you on that path.
GOODS SPECIFICS
- Date of issue: November 27, 2024
- Page count, weight, size: 346 pages | 578g | 140*220*21mm
- ISBN13: 9788960306400
- ISBN10: 8960306401
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