Book 02 - The Basic Notions

The science of the economy is very precise;  some even express that critics.  The words that we use are also very precise.  Sometimes, the meaning of our words is different than for other people who don't have our scientific knowledge.

In our discussions about the economy, it is very important to know the meaning of our words and to use the right words for our meaning!

The Content of this Book

  1. The Goal of the Basic Objectives
  2. The Learning Objectives of the Basic Objectives
  3. On Value
    1. The Definition of Value
    2. The Use and Exchange Values
    3. On Use Value
    4. On Exchange Value
    5. On Values
  4. On Goods and Wealth: About Money
    1. Economic Fundamentals
    2. Classification of the Goods and Services
      1. Special Needs
      2. Basic Needs
      3. Consumer Goods and Investment
      4. Durable And Non Durable Goods
      5. Public and Private Goods
      6. A Matter of Semantics : Good or Product
    3. True Wealth and Money
      1. Money in the Bible
      2. On Wealth and Riches
      3. On Wealth and Poverty
      4. Rich Dad's Sayings
      5. How To Prepare For Retirement
        1. The Income of One's Life
        2. To Be a Québec Millionnaire
        3. Financing your Retirement
        4. The Hitch-Hicking Retirement
        5. Who is Paying for Retirees
        6. An Extreme Case
      6. Define Your Dream
        1. The Short Term with Goals
        2. The Long Term with Goals
        3. Do Not Let Anyone To Steal Your Dream!
    4. The Income
    5. The Prosumer
    6. On Pavlov and Money
      1. The Conditioned Reflex
      2. The Excitation and The Inhibition
      3. The Stereotypes
      4. The Personalities
      5. A Conclusion on Pavlov
  5. On Needs and Scarcity
    1. On Needs
    2. Our Needs
    3. On Scarcity
    4. Our Scarcity
    5. The Case of Water
    6. The Case of Wood
    7. On Value related to Need and Scarcity
  6. On Options and Opportunity
    1. On Choice
    2. On Opportunity
    3. On Results of Choice
    4. On Renonciation
    5. On Option Cost
    6. On Social Cost
  7. On Production
    1. On Productivity
    2. On Profitability
    3. On Rentabilty
    4. The Rate of Return
    5. The Economies of Scale
      1. Production Possibilities
      2. About Constant Costs
      3. About Rising Costs
      4. The Costs and the Law of Supply
    6. On Van Thunen Circles
    7. On Web
  8. On Speculation
  9. The Economic System
  10. Some Questions for Reviewing the Basic Objectives
    1. The Definitions of the Basic Notions
    2. Exercice #2
      1. Answers #2
    3. Exercice #3
      1. Answers #3
    4. The Network of the Concepts