Magical Economics

Author: Jin Jun-su
Publisher:
Publish Date: 2004-01-01
Features: The main feature of Magic Economics lies in its use of comic illustrations to explain economics, as well as its creation of stories related to economic activities. Every economic activity is presented as a vivid and engaging story. In Korea, the typical family structure consists of three generations living together. The grandparents' monthly income is less than $100, while the parents' generation earns around $1,000 per month. By the time the children reach adulthood, the per capita national income is expected to reach $20,000–$30,000. This is the ideal for every individual in Korea and the direction the Korean government is striving toward. The book follows the story of three children from the same family—Xiaoyan, Chengmin, and Xiuyan—as they learn about and participate in economic activities alongside their parents. Although we are all deeply aware of the intense competition in this era, all parents hope their children will acquire more knowledge and information. However, when it comes to economic knowledge, children often don’t start learning about it until they are much older. Many adults, too, have a limited understanding of economics. Yet, economic activities occur around us and within our families every day. Therefore, cultivating children’s economic awareness and teaching them about economics is a very necessary step. From children’s savings to their consumption, economic activities are already taking place. How we guide, nurture, and help them understand these activities is the issue this book addresses.