Economic Education – In a few words

TABLE OF CONTENTS

Why economy?

Why economic education?

A good economic theory must explain reality

How to identify a good theory?

Elements of the economy

Wealth

Wealth property                                       

Utility

We value differently for being differents

Law of wealth

Human actions for wealth         

How do we guide our economic actions?

How do we generate wealth?

Specialized work with capital

Why and when do we exchange wealth?

Why do we exchange our work?

What are they and how arise the prices?

Law of exchange

What is the secret to generate wealth?

What is the relationship between wealth and prices?

What is the relationship between wealth, labor, capital and exchanges?

How calculate if we gain wealth?

How is wealth distributed?

Natural Economic Evolution

Taxes: Do you know its meaning, dimension and consequences?

Price control: Do you know the consequences of imposing a maximum price on bread?

Price control: Do you now the consequences of imposing minimum wages?

Inflation: Do you know its meaning, dimension and consequences?

Devaluation: Do you know why your currency is devalued, and what are its consequences?

Who are the winners and losers with inflation?

Summary of ECONOMIC EDUCATION – In a few words