Economics for Young Minds: For Young Minds, #2

By Luigi Pascal Rondanini

Embark on an exciting journey into the world of economics with "Economics for Young Minds," part of the "For Young Minds" series. This captivating and informative book is specifically designed for curious children aged 11-15, providing them with a basic foundation in economic concepts and principles.

From personal finance to global markets, "Economics for Young Minds" covers a wide range of topics in an engaging and accessible manner. Readers will explore the fundamentals of supply and demand, money management, entrepreneurship, and the role of governments in shaping economic policies. Real-life examples, relatable characters, and vibrant illustrations make complex ideas easy to grasp and retain.

But this book goes slightly beyond the basics, introducing young readers to cutting-edge developments in economics, such as digital currencies and the evolving landscape of international trade. Practical advice on saving, investing, and making informed financial decisions empowers children to take charge of their economic futures from an early age.

Whether your child aspires to start their own business, make a positive impact on society, or understand the economic forces that shape our world, "Economics for Young Minds" provides a good launching pad. This book not only imparts valuable knowledge but also helps develop critical thinking, problem-solving, and decision-making skills that will trigger your child's curiosity and, hopefully, serve your child well throughout their life.

Give your child a head start in mastering the essential principles of economics. "Economics for Young Minds" is an investment in their future success, equipping them with the tools they need to navigate an increasingly complex and interconnected world.

Order now and watch as your child develops a lifelong passion for economics and a deeper understanding of the world around them.

• Language: English
• Publisher: Luigi Pascal Rondanini
• Release date: Mar 4, 2024
• ISBN: 9798224924561

Luigi Pascal Rondanini

Author also writes as Pascal De Napoli. Luigi Pascal Rondanini's determination and tenacity in pursuing his ideals pushed him to leave his native Naples to pursue the opportunities offered by the world. Born in November 1967 and raised in the capital of Campania, from a young age he cultivated a passion for writing and politics. The desire for social justice led him to actively engage in social issues and write literary works inspired by these values. At a very young age, he moved abroad to the United Kingdom, where he embarked on a brilliant career in the financial sector and continued his passion for writing, infusing his works with social and political themes with courage and frankness. Despite living in London, Rondanini has never lost the connection with his Neapolitan roots after having lived on five continents. In his writings, Neapolitan culture and identity emerge vividly as an example of cultural diversity that enriches humanity. Rondanini wants to inspire readers to pursue their dreams with courage and determination. His story demonstrates how, with commitment and sacrifice, you can achieve great goals while remaining true to yourself and your va lues. Less

Book preview

Economics for Young Minds

Luigi Pascal Rondanini

Luigi Pascal Rondanini

Copyright © 2024 Luigi Pascal Rondanini

No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, without the prior written permission of the author.

Limit of Liability/Disclaimer of Warranty: This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that neither the author nor the publisher is engaged in rendering legal, investment, accounting or other professional services. While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional when appropriate. Neither the publisher nor the author shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, personal, or other damages.

Cover design and illustrations by: DALL-E

To all the curious young minds eager to explore the world around them:

This book is dedicated to you. As you grow, you'll discover that economics is everywhere, shaping the way we live, work, and play. By understanding its principles, you'll gain the power to make a positive difference in your own life and the lives of others.

May this book spark your interest, ignite your passion, and guide you on a lifelong journey of learning and discovery. The future is yours to shape, and it all starts with the choices you make today.

Dream big, stay curious, and always remember: you have the power to change the world, one economic decision at a time.

LPR

Contents

Title Page

Copyright

Dedication

Welcome to the Amazing World of Economics!

1 – What is Economics? 

2 - Needs and Wants

3 - Supply and Demand

4 – Production and Businesses

5 – Money and Banking

6 – Government and the Economy

7 – Trade and GlobaliSation

8 – Financial Markets

9 - Innovations in Money: Crypto and Beyond

10 - Conclusion: Economics Impacts You!

Appendix - Some Difficult Words Used in This Book

About The Author

Welcome to the Amazing World of Economics!

What do a lemonade stand, a new bike, and a jar of shiny coins have in common? They're all part of economics! Economics is a big, grown-up word. But economics is all around us every day.

Economics is about how people make choices. What job will make you money? What will you buy with your allowance? What snacks should your school's fundraiser sell? When we make choices about money and stuff, we're doing economics!

In this book, we'll explore the world of economics together. You'll learn what makes prices go up and down. How governments decide what to spend money on. How banks work. Why do some countries trade together? And what makes new technologies like Bitcoin so interesting.

Economics hеlps еxplain a lot about how our world works. It rеvеals why pеoplе, businеssеs, and govеrnmеnts do what thеy do. By undеrstanding еconomics, you'll gain thе skills to makе wisе choicеs. Knowlеdgе is powеr!

While economics seems serious, we'll learn in a fun way you can understand. We'll use stories, examples and activities focused on the parts of economics that matter most to kids. This book talks about economics on a level just right for you.

Each chapter will teach important lessons. You'll meet colourful characters, go on learning adventures, and see economics in action. As we explore together, the world will make more sense. Get ready to unlock the secrets of economics!

1 – What is Economics? 

Economics is a big word. But it's about something we see every day - buying things!

Economics is how people make choices about goods and services. People make or grow goods like food, clothes, video games, and toys. People do services for others, like dog walking, cooking, or teaching.

To make goods and offer services, people use resources. There are human resources (people!), natural resources (things from nature like water), capital resources (money and buildings) and entrepreneurship (great business ideas and risk-taking).

Every day, you make economics choices. You must pick what to buy at the store with your limited allowance. For a country, economics includes all the buying, selling and producing - billions of choices made by workers, families, businesses and governments.

Economics answers questions like:

- How are goods and services made and sold?

- How do people earn and spend money?

- Why do prices change?

- How do countries trade?

- How does the government impact the economy?

Economics is everywhere - at shops, on the news, even at your school! Learning economics helps explain how the world works. Let's explore more!

How are goods and services made and sold?