So this kind of economy was created.

Description

Chapter 1 They say there were economic activities like this in the distant past.
I started farming to make my own food. The beginning of planned economic activities 012
What was made in excess of what was needed was exchanged. Surplus production and barter 014
It is said that there was also an exchange of goods that took place without saying anything. Silent Trade 016
Everyone gathered together and started exchanging goods. Market 018
Evaluates the value of items and facilitates exchange Currency 020
Citizens who became wealthier began to participate in politics. Foundation of politics and culture, economy 022
It is said that they built roads and spread out across the world, enjoying great prosperity. The first great empire, Rome 024
For economic and cultural exchange, a road must be connected. Silk Road 026
Chinese culture and technology were passed on to other countries. China's tribute trade 028
As sea routes were created, Arabian merchants appeared. Arabian Merchant 030
It had a great influence on exchanges between East and West. Islamic Empire 032
Lords make contracts with knights and rule over serfs. Manorial system in medieval Europe 034
Lend money and receive high interest rates. Usury 036
It is said that it started from exchanging money. The birth of a bank 038

Chapter 2 This is how the world economy developed
Cities developed where markets were created. Medieval cities and markets 042
There was a time when the power of merchants was stronger than that of the king. Hanseatic League 044
The discovery of the New World was a major event for the world economy. Pioneering trade routes 046
Stocks and Co., Ltd. 048 was created to raise funds for a voyage to Asia.
They say tulips ruined the Dutch economy. Speculation 050
We value commerce and make money by exporting a lot. Mercantilism 052
Leave everything in the hands of the invisible? Laissez-faire 054
In the past, you could make money at any bank. Central Bank 056
With the invention of the steam engine, industry developed tremendously. Industrial Revolution 058
A movement to destroy machines arose, the Luddite movement 060
The economy changes politics and society. Economy and civil revolution 062
Economic problems are hidden behind the emancipation of slaves. American Civil War 064
Booms and busts appear alternately. Business cycle 066
Some people just tighten screws all day. Division of labor and mass production 068
We work for the rights and interests of workers Labor Union 070
Powerful countries fought each other to take over colonies. World War I 1
If you print too much money, prices soar. Inflation 074
They tried to revive the economy through war, but they failed. World War II 2
Socialism has spread all over the world. Socialism 078
The economic crisis that started in the United States spread throughout the world. Great Depression 080
Since there are no competitors, you can set the price of your product as you wish. Monopoly 082
The state began to intervene in economic issues. New Deal Policy 084
The country plans all economic activities. Planned Economy 086
Even though the economic situation has worsened, prices continue to rise. Stagflation 088
Don't fight, get what you need through trade World Trade Organization 090
Monitor exchange rate policies and lend money to countries in need International Monetary Fund 092
A huge corporation has emerged that operates beyond borders. Multinational Corporation 094

Chapter 3 This is how our country’s economy developed
They say they had personal property and considered labor important. Gojoseon Economy 098
Agriculture has developed greatly due to the development of technology. Agriculture 100 during the Three Kingdoms Period
There was active trade along the sea routes. Trade during the Unified Silla Period 102
There were many excellent craftsmen, but they were not treated properly. Handicrafts during the Goryeo Dynasty 104
The name Korea is said to have originated during the Goryeo Dynasty when trade was active. Trade during the Goryeo Dynasty 106
A farming technique called transplanting became widespread. Agriculture during the Joseon Dynasty 108
No one could do anything in Hanyang. Commerce during the Joseon Dynasty 110
Foreign powers forced them to start trade. Market opening in the late Joseon Dynasty 112
Land, grain, and industry were all taken away. Land survey and colonial exploitation 114
Everything was reduced to ashes by the war. The economic foundation collapsed by the war 116
Growth We achieved the miracle of the Han River Economy in the 1970s 118
They say we faced a serious economic crisis. IMF bailout 120

Chapter 4 Economic stories that elementary school students must know
They say all economic problems arise from making choices. Choice 124
If you choose one, it is the value of the other that you have to give up. Opportunity cost 126
If you keep eating delicious snacks, they feel tasteless. Marginal utility 128
Who decides the price of an item and how? price 130
The price of a product can rise or fall. The law of supply and demand 132
There are invisible things in products. Goods and Services 134
The stationery store in front of the school is also a market. Market 136
If you don't have bread, eat cake? Substitutes 138
Who is leading the economy? Economic entities 140
Mackerel goes through many processes before it reaches the dinner table. Distribution 142
Selling a product alone without competition is bad. Monopoly and oligopoly 144
Many people invest together, take responsibility, and share profits Co., Ltd. 146
Their role is to lend and take care of money so that it flows smoothly. Financial institutions 148
Are you saying that if you save a lot, the country's economy will suffer? Savings 150
It is difficult for poor people to borrow money. Loans 152
Pay off the price of a product or service all at once after a certain period of time Credit card 154
It refers to the ability to borrow and repay on time Credit 156
They say there is a tax on even a single ice cream. Direct and indirect taxes 158
There are so many things that taxes do. What taxes do 160
Focusing on the industry you are good at is beneficial to everyone. Comparative advantage 162
It is the ratio of the value that arises when exchanged for the money of another country. Exchange rate 164
Is trade where free buying and selling without tariffs is always good? free trade agreement 166
Why do we need to protect agriculture? Food Resources 168
How do you know which country is prosperous and which is not prosperous? national income 170
You can tell your income and standard of living just by looking at the cost of food. Engel Index 172
Why should we help people in need? Social Welfare 174

Appendix
Economic Current Affairs Terms in the News 176
The interesting world inside banknotes 180

Learn the history of economics, from prehistoric times to the era of capitalism!
Human history has always been intertwined with the economy. The establishment of a country, the creation of a king and laws, the creation of a class system, and the occurrence of wars are closely related to the economy. Let’s go on an exciting journey to see how the economy came into existence and how it developed.

● Economic education for children continues to be emphasized
When it comes to 'economics', many people find it difficult due to rigid economic terms and concepts, or they think it is a field that only experts know well. However, the economy is all the activities that produce and consume the goods we need to eat and live, and can be said to be our lives themselves. Therefore, economic education for children continues to be emphasized and is also given importance in elementary school curriculum. Economic books for children have been coming out steadily for the past few years.

● How should economic education be provided?
However, most economic books for children are focused on practical aspects, such as teaching how to become rich or only economic common sense. Therefore, they only provide very fragmentary information or unknowingly infect people with materialism. Proper economic education does not just teach you how to make money or memorize economic common sense, but also teaches you what the economy is and why it is inseparable from our lives. We also need to develop a balanced perspective so that we can view economic issues from multiple perspectives.

● If you know the history of the economy, you will naturally understand the essence and necessity of the economy.
This book explains the economy by focusing on economic history. It tells the story of how the economy came into existence, how it developed, and what economic problems are hidden behind important historical events in each era, using four interesting cartoons and stories. As you read the book, you will naturally realize not only the nature of the economy but also how closely the economy is related to our lives. Also, if you know how political developments and technological revolutions have influenced the economy, you will develop a critical perspective and balanced perspective that allows you to see various issues in a comprehensive way.

● Economic history encompassing East and West, from prehistoric times to the present
This book tells you how the basic foundations of the economy, including the beginnings of agricultural life and the birth of money and markets, were created and developed. In addition, historical events, from Europe's feudal economy, civil revolution, two world wars, and the Great Depression, to today's globalization, are told from an economic perspective in an exciting way.
As you read the book, you will naturally learn how the economy has developed throughout history. In addition, you will understand that the economy has developed by influencing each other in most areas such as politics, society, technology, and culture.

● The process of our country’s economic development was not left out.
This book also deals importantly with our country's economic history. It explains in chronological order the Gojoseon period, which was an agricultural society, the Goryeo period, when trade and handicrafts were developed, the Joseon period, which encouraged agriculture and looked down on handicrafts, the colonial period when it was exploited by Japan, and the rapid economic development after liberation. We can see that our country's economy has developed sometimes independently and sometimes under the influence of other countries.

● All economic concepts that appear in textbooks are included.
Opportunity cost, marginal utility, substitutes, distribution, national income... … . These are terms that frequently appear in textbooks and are essential economic concepts to understand today's market economy. This book contains all of these important economic concepts and explains them in an easy and fun way. Therefore, this book can perfectly prepare you for studying economics.

● Four-column cartoon that helps interest and understand concepts
There is a four-panel cartoon at the beginning of each topic. Cartoons that explain economic concepts through everyday episodes not only increase interest in the story but also enhance understanding of the concept. It will also be an opportunity to show how lessons from history can be applied in our reality.

● Economic terminology and banknotes from various countries around the world at a glance!
In the appendix, we have collected economic current affairs terms that frequently appear when watching the news or reading newspapers, such as the Big Mac index, fair trade, and shopping cart prices, and have easily explained their meaning. In addition, we have collected and organized banknotes from various countries such as Saudi Arabia, India, Peru, and Madagascar so that we can see them at a glance, as well as banknotes that we encounter relatively frequently, such as the US dollar, the European Union's euro, Japan's yen, and the Chinese yuan.

● Leave everything in the hands of the invisible? -Laissez-faire
Adam Smith thought that in a freely competitive market, if each person worked for his or her own benefit, market order would naturally be maintained, benefiting both those who make and sell products, and benefiting society. And just as God keeps the world harmonious, he argued that there is an 'invisible hand' in the market that solves economic problems and ultimately creates the best situation for everyone. (Page 55)

● Pay back the price of a product or service all at once after a certain period of time - credit card
McNamara and friends founded the Diners Club in 1950. And, if you pay with your Diners Club card, we have made agreements with restaurants to pay for your food all at once. This was the first credit card. Dinner's Club Dinner