In this section we will discuss some important concepts that relate to your personal economic situation and your role in the larger economy: (First time viewers, please keep moving through the pages in sequence. This outline just previews coming topics.)

Value & Price

Understanding the concepts of value and price help to comprehend markets and their behavior.

Saving & Lending

Saving and lending preceded the introduction of money. The fundamental principles behind saving and lending have not changed.

Balance

Balance plays an important role in your finances, the economy, and understanding financial transactions.

Asset & Liabilities List

Let's look at a list of your assets and liabilities (or a list of assets and liabilities that could belong to you.)

Personal Loan

We'll look at a loan you make to a neighbor. This transaction will set a background for understanding later transactions.

Interest

We'll look at the basic concept of interest.

To fully understand the role of money you need some understanding of Value & Price.