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Economics: A Primer How Economics Can Be Used in Ministry
What Is Economics? ,[object Object],[object Object],[object Object],[object Object],[object Object]
Why Study Economics? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Applications of Economics in Ministry ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Basics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Ten Pillars of Economic Wisdom   (from p. 26 of “The Joy of Freedom: An Economists Odyssey” by David. R. Henderson) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
1) TANSTAAFL: There ain’t no such thing as a free lunch.  ,[object Object],[object Object],[object Object],[object Object],[object Object]
2) Incentives matter.  ,[object Object],[object Object],[object Object],[object Object]
3)  Economic thinking is thinking on the margin.  ,[object Object],[object Object],[object Object]
Combining the Concepts of Incentives and Margin ,[object Object],[object Object],[object Object],[object Object]
4) The only way to create wealth is to move it from a lower valued to a higher valued use.   .  ,[object Object],[object Object],[object Object],[object Object]
5)  Information is valuable and costly. ,[object Object],[object Object],[object Object],[object Object],[object Object]
5)  Information is valuable and costly.  (Continued.) ,[object Object],[object Object],[object Object],[object Object],[object Object]
5)  Information is valuable and costly.  THE GOSPEL ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
6)  Every action has unintended consequences. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
7)  The value of a good or service is subjective. ,[object Object],[object Object],[object Object],[object Object],[object Object]
8)  Costs are a bad, not a good.  ,[object Object],[object Object],[object Object]
9)  The only way to increase a nation’s real income is to increase its real output.  ,[object Object],[object Object],[object Object]
10)  Competition is a hardy weed, not a delicate flower.  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
10)  Competition is a hardy weed, not a delicate flower.   (Continued) ,[object Object],[object Object],[object Object],[object Object]
DISCUSSION: Applications of Economics in Ministry ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What Did Jesus Say About Value and Incentives? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
How do Incentives Affect the Christian? ,[object Object],[object Object],[object Object],[object Object]
Conclusion: Christian Response ,[object Object]

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Economics: A Primer

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